Financial Accounts of the United States (Z.1) · Corporate equities held as assets, by holder, market value, end of quarter
Who owns US stocks?
The quarter ended : of the 14 lines, the change over a year was largest for Exchange-traded funds, up 38.2%, and smallest for Life insurance companies, up 3.8%.
Corporate equities held, by holder, totals and the largest holders, each quarter
- Publicly traded US company shares93.6126.07 to 93.61
- All corporate equities held123.6936.92 to 123.69
- Households and nonprofit organizations52.1213.73 to 52.12
- Rest of the world22.215.34 to 22.21
Corporate equities held, by holder, funds, each quarter
- Mutual funds18.628.65 to 18.62
- Exchange-traded funds12.801.75 to 12.80
- Hedge funds0.910.41 to 0.91
Corporate equities held, by holder, pensions, insurers and business, each quarter
- Private pension funds5.331.96 to 5.33
- State and local government employee defined benefit pension funds4.071.89 to 4.07
- Federal government pension funds0.780.24 to 0.78
- Life insurance companies0.860.57 to 0.86
- Property-casualty insurance companies0.680.33 to 0.68
- Nonfinancial corporate business3.871.57 to 3.87
- U.S.-chartered depository institutions0.100.03 to 0.10
Each row is one line of the page over the last ten years, one quarter to a point, on a scale shared by the rows of the tab, with its newest value and its range printed beside it and a dashed line at zero. A gap is a quarter with no value. Pointing at the chart shows the quarter and the value.
Observed .
Right now
Over a year to the second quarter of 2026, of the 14 lines on this page the change was largest for Exchange-traded funds, up 38.2%, and smallest for Life insurance companies, up 3.8%.
Of these lines, 14 rose, 0 fell and 0 did not change over the year (ours, from the published values).
By lineOver a year, ours
Corporate equities held, by holder, change over a year, by line
- Totals and the largest holders
- Funds
- Pensions, insurers and business
Each bar is the change in one line over a year, the largest first, with its rank at the left and its newest value under the figure. A line with its own page links it from its name. A change below zero runs to the left of the zero line. The colour says which section of the page a line is in.
Observed .
Corporate equities held, by holder, change over a year in each quarter
| Line | ||||||||
|---|---|---|---|---|---|---|---|---|
| Publicly traded US company shares | +33.1 | +23.0 | +7.7 | +15.6 | +17.6 | +17.7 | +18.8 | +25.3 |
| All corporate equities held | +30.7 | +20.3 | +7.3 | +14.9 | +16.3 | +17.7 | +18.3 | +25.9 |
| Households and nonprofit organizations | +31.2 | +21.8 | +11.2 | +17.5 | +18.6 | +19.8 | +20.5 | +31.5 |
| Rest of the world | +35.0 | +26.2 | +9.7 | +16.9 | +19.4 | +19.4 | +18.7 | +25.7 |
| Mutual funds | +26.2 | +12.7 | 0.0 | +8.5 | +7.1 | +9.4 | +9.4 | +13.2 |
| Exchange-traded funds | +43.2 | +29.8 | +15.4 | +25.5 | +27.1 | +28.8 | +30.4 | +38.2 |
| Hedge funds | +19.2 | +21.6 | +4.6 | +14.7 | +15.1 | +13.1 | +11.4 | +17.7 |
| Private pension funds | +35.0 | +22.9 | −5.9 | +4.9 | +14.3 | +16.3 | +24.4 | +27.0 |
| State and local government employee defined benefit pension funds | +15.2 | +6.6 | −0.3 | +7.9 | +8.9 | +12.2 | +8.1 | +11.7 |
| Federal government pension funds | +34.1 | +21.8 | +2.4 | +10.4 | +13.1 | +12.7 | +17.4 | +17.4 |
| Life insurance companies | +22.9 | +15.0 | +5.7 | +8.5 | +5.4 | +3.0 | +0.5 | +3.8 |
| Property-casualty insurance companies | −2.2 | −8.5 | −10.2 | +4.8 | +9.0 | +12.3 | +13.9 | +18.4 |
| Nonfinancial corporate business | +24.1 | +11.9 | −2.0 | +5.5 | +9.1 | +10.8 | +10.6 | +15.1 |
| U.S.-chartered depository institutions | +51.3 | +33.7 | +7.1 | +13.2 | +11.0 | +20.5 | +17.8 | +20.6 |
Each chip is one quarter's change from the same quarter a year earlier. The mark in its middle is zero: a fill to the right of it is a rise and a fill to the left a fall. A longer, brighter fill is a larger change, in five steps up to 30.4 and over. Every chip prints its figure and sign.
Observed .
Understanding stock holders by sector
Where it stands today
The largest change over a year was Exchange-traded funds, up 38.2%, in the second quarter of 2026.
What do the lines of this page measure?
The Federal Reserve Board's Financial Accounts of the United States (Z.1) list, for each kind of holder, the corporate equities it holds as assets at the end of each quarter, at market value. Corporate equities are shares of companies, traded or closely held. This page shows households, foreign holders, funds, pension funds, insurers and companies.
Read more
Foreign holders are the rest of the world sector, and their line counts shares of US companies only. The first section also has the market value of the publicly traded shares that US companies have issued, which has a page of its own, and the total of all corporate equities held. Mutual funds and exchange-traded funds are funds that hold shares for their investors, and the page counts what the fund holds, not what its investors hold through it.
What 500metrics adds: the change over a year of every line, ranked across the page; the last ten years of every line as rows of small charts; and a table of the change over a year in each of the last eight quarters.
The numbers behind the chart
What is the latest value of each line?14 lines, in the sections of the page
| Line | Section | Quarter | Value | Change over a year | Rank |
|---|---|---|---|---|---|
| Publicly traded US company shares | Totals and the largest holders | $93.61 trillion | +25.3% | 6 | |
| All corporate equities held | Totals and the largest holders | $123.69 trillion | +25.9% | 4 | |
| Households and nonprofit organizations | Totals and the largest holders | $52.12 trillion | +31.5% | 2 | |
| Rest of the world | Totals and the largest holders | $22.21 trillion | +25.7% | 5 | |
| Mutual funds | Funds | $18.62 trillion | +13.2% | 12 | |
| Exchange-traded funds | Funds | $12.80 trillion | +38.2% | 1 | |
| Hedge funds | Funds | $0.91 trillion | +17.7% | 9 | |
| Private pension funds | Pensions, insurers and business | $5.33 trillion | +27.0% | 3 | |
| State and local government employee defined benefit pension funds | Pensions, insurers and business | $4.07 trillion | +11.7% | 13 | |
| Federal government pension funds | Pensions, insurers and business | $0.78 trillion | +17.4% | 10 | |
| Life insurance companies | Pensions, insurers and business | $0.86 trillion | +3.8% | 14 | |
| Property-casualty insurance companies | Pensions, insurers and business | $0.68 trillion | +18.4% | 8 | |
| Nonfinancial corporate business | Pensions, insurers and business | $3.87 trillion | +15.1% | 11 | |
| U.S.-chartered depository institutions | Pensions, insurers and business | $0.10 trillion | +20.6% | 7 |
The table scrolls sideways; the first column stays in place.
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- The lines are the Board's estimates at market value, so they move with share prices. The Board revises past quarters in later releases; this page always shows the newest release.
- A share is counted as an asset of the holder that owns it directly. The households line leaves out the shares households own through mutual funds, exchange-traded funds and pension plans; those are in the fund and pension lines. The lines are the larger holders and do not add up to the total.
- The total of all corporate equities held includes shares of companies abroad that US holders own, so it is larger than the market value of US company shares. The foreign holders line counts shares of US companies only, on the Board's basis; the Treasury's survey of foreign holdings, on the foreign trading page, is a different count and gives a different number.
- The households line includes nonprofit organizations, as the Board counts them together. Hedge funds are the Board's net figure for domestic hedge funds, and the property-casualty insurance line includes the shares held by U.S. residual market reinsurers.
- The changes and the ranks are ours, worked out from the values the Board publishes; a change is in percent.
Observed . Checked .
How to cite this
Federal Reserve Board, Financial Accounts of the United States (Z.1), Corporate equities held as assets, by holder, market value, end of quarter, through the second quarter of 2026. Compiled by 500metrics, "Who owns US stocks?", https://500metrics.com/stock-holders-by-sector.
Can the data be downloaded?stock-holders-by-sector.csv
Download the last ten years of every line as CSV: 574 rows, to , 45,627 bytes.
Our text and compilation: CC BY 4.0.
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