Financial Accounts of the United States - Z.1
B.101.f Balance sheet of domestic hedge funds1
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Assets | FL622000623 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 2 | Nonfinancial assets (real estate) | FL625035003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 3 | Financial assets | FL624090005 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 4 | Foreign currency | FL623091003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 5 | Deposits | FL623039003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 6 | Other cash and cash equivalents | FL623039013 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 7 | Money market fund shares | FL623034003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 8 | Security repurchase agreements | FL622051003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 9 | Debt securities | LM624022005 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 10 | Treasury securities | LM623061103 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 11 | Agency- and GSE-backed securities | LM623061703 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 12 | Municipal securities | LM623062003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 13 | Corporate and foreign bonds | LM623063003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 14 | Loans | FL623069005 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 15 | Leveraged loans | FL623069503 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 16 | Other loans | FL623069003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 17 | Corporate equities | LM623064103 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 18 | Mutual fund shares | LM623064203 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 19 | Miscellaneous assets | FL623093005 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 20 | Liabilities | FL624190005 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 21 | Security repurchase agreements | FL622151005 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 22 | Domestic institutions | FL622151013 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 23 | Foreign institutions | FL622151063 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 24 | Loans | FL624123005 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 25 | Secured borrowing via prime brokerage | FL624123035 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 26 | From domestic institutions | FL623167003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 27 | From foreign institutions | FL623169533 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 28 | Other secured borrowing | FL624123015 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 29 | From domestic institutions | FL623168013 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 30 | From foreign institutions | FL623169513 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 31 | Unsecured borrowing | FL623168023 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 32 | Miscellaneous liabilities | FL623193005 | -- | -- | -- | -- | -- | -- | -- | ||
| Memo: | |||||||||||
| Line 33 | Total net assets | FL622000003 | -- | -- | -- | -- | -- | -- | -- | ||
| Line 34 | Derivatives2 | FL623098003 | -- | -- | -- | -- | -- | -- | -- | ||
Notes:
- Data begin 2012:Q4. Includes only hedge funds domiciled in the United States as reported on SEC forms ADV and PF.
- Long exposure of derivatives.
Last Update: March 9, 2026