Foreign investors hold a record $21.3T in US stocks, with equity allocation hitting 63%, surpassing the dot-com bubble peak.

Foreign investors have dramatically increased their holdings in US equities, now owning a record $21.3 trillion and allocating 63% of their portfolios to US stocks. This allocation surpasses the peak seen during the 2000 dot-com bubble by about 10 percentage points, reflecting strong global confidence in the US economy. Since 2020, foreign equity ownership has surged 170%, marking a significant shift from the post-2008 financial crisis period when allocations were near 20%. This trend highlights the growing reliance of global portfolios on the performance of the American stock market amid steady gains in major indices like the S&P 500 and Nasdaq in 2026.