Foreign investors' holdings of U.S. assets rose to approximately $39 trillion, reaching a record high.

According to Jin10, despite occasional "Sell America" narratives in the market, data indicates that foreign investors' holdings of U.S. assets have climbed to approximately $39 trillion, setting a record high. This represents an increase of about $16 trillion, or 70%, from the 2022 bear market low, and has doubled from the roughly $19 trillion held during the 2020 pandemic period. U.S. equities were the primary source of growth, with foreign holdings doubling to $24 trillion, accounting for approximately 62% of total positions; holdings of U.S. Treasuries also increased to a record $8 trillion, representing about 21%.