According to quarterly data from the US Financial Accounts (Flow of Funds) published last week by the Fed:
The largest buyers of U.S. stocks in the first quarter were households (Households) that bought shares worth about $ 200 billion net. This category can include hedge funds, portfolio managers and other types of investors who do not fit into other definitions. The business and institutional sectors (pensions and insurance) also purchased shares, but in much smaller quantities than households.
The largest sellers of the shares were investors outside the US who sold shares worth about $ 125 billion after the fourth quarter of 2021 their sales totaled about $ 375 billion. Sold shares.
Even the largest buyers of about $ 425 billion of government bonds in the first quarter were households, although from the beginning of the plague they mostly sold government bonds. As in the case of stock buyers, it is very likely that the government bonds are not the “Mrs. Cohen from Texas” who bought the US government bonds, but also the hedge funds. $ 150 billion and institutional with purchases of about $ 100 billion.
It should be noted that in the corporate bonds the largest buyers were the institutional, foreign investors and banks.