Preliminary Annual Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2025
WASHINGTON - Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2025 were released today and posted on the Treasury web site at (https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 30, 2026.
The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System.
A complementary survey measuring foreign holdings of U.S. securities also is conducted annually. Data from the most recent such survey, which reports on securities held on June 30, 2026, are currently being processed. Preliminary results are expected to be reported on February 26, 2027.
The survey measured the value of U.S. holdings of foreign securities at year-end 2025 at approximately $19.3 trillion, with $15.3 trillion held in foreign equities, $3.6 trillion held in foreign long-term debt securities (original term-to-maturity in excess of one year), and $0.4 trillion held in foreign short-term debt securities. The previous such survey, conducted as of year-end 2024, measured the value of U.S. holdings at $15.8 trillion, with $12.1 trillion held in foreign equities, $3.4 trillion held in foreign long-term debt securities, and $0.4 trillion held in foreign short-term debt securities.
Press Notice TIC for end of August 2026
(Billions of dollars)
Dec. 31, 2024
Dec. 31, 2025
Type of Security
Long-term securities
15,443
18.854
Equities
12,095
15,246
Long-term debt
3,348
3,608
Short-term debt securities
380
423
Total
15,823
19,277
(Billions of dollars)
Total
Equity
Long-term Debt
Short-term Debt
1
Cayman Islands
3,073
2,507
555
11
2
United Kingdom
2,007
1,542
424
41
3
Canada
1,886
1,278
482
127
4
Japan
1,483
1,267
194
23
5
Ireland
1,182
1,072
90
21
6
France
910
660
214
35
7
Switzerland
803
757
46
1
8
Netherlands
748
598
142
8
9
Germany
685
586
87
12
10
Taiwan
668
668
*
0
11
Australia
478
301
137
40
12
India
390
380
11
*
13
Korea, South
384
360
24
1
14
Luxembourg
347
265
73
8
15
China, mainland
318
300
17
*
16
Bermuda
317
264
53
*
17
Spain
285
222
61
2
18
Italy
254
193
61
*
19
Sweden
222
177
22
23
20
Denmark
198
184
12
2
21
Singapore
197
146
33
18
22
Brazil
190
149
41
*
23
Jersey
186
120
66
*
24
Mexico
183
90
93
*
25
Int. and reg. org.
161
1
141
19
26
Israel
148
129
18
*
27
Hong Kong
119
114
5
*
28
South Africa
100
79
20
1
29
Belgium
84
64
19
1
30
Finland
77
62
12
4
Rest of world
1,193
712
458
23
Total
19,277
15,246
3,608
423
* Between zero and $500 million. (1) China excludes Hong Kong and Macau, which are reported separately.