Global stocks that trade on U.S. stock exchanges

Introduction

The U.S. stock market is by far the largest stock market in the world, so many international companies elect to have their stock trade on a U.S. stock exchange. There are several different ways that a foreign company can have their stock trade on a U.S. stock exchange. Here is a summary, using the securities in our database:

Method# of SecuritiesMarket cap
American Depository Receipts or ADRs407$6,125,525,977,575
Common stock242$453,876,752,278
Cross-listed shares169$1,484,085,261,947
Total818$8,063,487,991,800

An American Depository Receipt or ADR is a mechanism whereby a major U.S. investment bank issues a security (an ADR) that represents ownership shares in the stock of a foreign company that have been deposited with the U.S. bank. ADRs were invented in 1927 as an easy way for a foreign company to have their stock traded in the U.S. For more information, read what is an ADR? You can also see our list of ADRs.

Instead of using the ADR process, some foreign companies elect to directly list their common stock on a U.S. stock exchange, just like a U.S. company. Why? It is not always clear. Sometimes, they just want access to the U.S. stock market, as it is by far the largest in the world. Sometimes, these companies are complex multi-national corporations that have complex histories, being incorporated in one country but with their headquarters located in another company. Sometimes it is difficult to determine where their primary business operations exist. See our list of non-US companies traded on U.S. exchanges. For these companies, their only publicly traded stock is the stock that trades on a U.S. stock exchange (i.e. the U.S. traded stock is their primary listing).

Some foreign companies choose to cross-list their shares on the U.S. stock market. Cross-listing means that a company's stock simultaneously trades on the U.S. stock market and on the stock market of the company's home stock exchange. See our list of global companies that cross-list in the U.S.. Cross-listing is particularly popular with Canadian companies: 351 Canadian companies listed on the Toronto Stock Exchange also cross-list their shares on the U.S. stock market, including many of the largest Canadian companies. See our list of Canadian companies that trade in the U.S..

Summary by country

Here is a summary of the above securities based on the country:

Index countrySecurity countTotal market cap
Argentina20$26,792,666,076
Australia15$138,025,045,466
Belgium5$96,357,728,049
Bermuda12$6,251,551,417
Brazil36$362,390,724,604
Canada155$1,315,041,608,876
Cayman Islands2$512,505,328
Chile11$44,434,594,167
China213$1,389,495,232,053
Colombia4$28,021,961,357
Cyprus1$3,647,845
Denmark5$148,629,020,213
Finland1$24,405,367,855
France12$263,468,239,832
Germany13$232,889,542,758
Greece13$1,379,635,097
Guernsey1$8,156,850,000
Hong Kong15$10,563,180,635
India12$217,903,122,822
Indonesia2$21,567,457,951
Ireland9$71,641,744,762
Israel70$92,763,921,665
Italy5$103,293,784,127
Japan11$535,802,398,614
Jersey1$188,125,000
Jordan1$322,174,545
Luxembourg8$62,650,064,753
Marshall Islands1$75,669,377
Mexico15$87,601,881,303
Monaco5$1,245,863,884
Norway3$48,794,741,516
Panama1$416,860,905
Peru6$47,049,424,755
Philippines1$5,360,349,360
Russia5$24,848,518,976
Singapore3$37,947,648,277
South Africa8$34,978,453,835
South Korea9$72,758,148,348
Spain4$91,253,459,203
Sweden2$28,964,918,707
Switzerland13$363,451,022,654
Taiwan10$343,985,088,649
The Netherlands19$397,952,434,042
Turkey1$5,066,700,161
United Arab Emirates1$17,990,100
United Kingdom57$1,267,897,583,681
Uruguay1$869,338,200
Total818$8,063,487,991,800

Note the large number of Chinese companies that have their stock trading on a U.S. stock exchange. China's complex political and economic model has caused many Chinese companies to have their stocks traded on stock exchanges in Hong Kong and the U.S. You can read more in about China's stock market.

As explained above, the high number of Canadian companies is because so many of the companies that trade on the Toronto Stock Exchange cross-list their shares on a U.S. stock exchange.

Here is a summary of these stocks based on the country classification:

CountryCountTotal market cap
Developed markets452$5,407,177,103,014
Emerging markets327$2,613,234,005,421
Frontier markets23$27,987,826,666
Unknown16$15,089,056,699
Total818$8,063,487,991,800

How do these stocks compare to U.S. common stocks?

Let's look at some analysis of how the global stocks compare to U.S. common stocks. First, let's look at a breakout by sector. On our website, we use the GICS sector classification system to classify stocks into sectors. Let's look at the breakout of the global stocks by GISC sector:

U.S. Common StocksGlobal Stocks and ADRs
GISC Sector# of StocksMarket cap% # of StocksMarket cap%
Communication Services157$4,709,140,518,38513.2%61$745,414,485,0819.2%
Consumer Discretionary429$4,145,924,674,70811.6%78$1,225,294,422,64415.2%
Consumer Staples143$2,410,319,054,2216.8%42$498,832,567,2986.2%
Energy190$824,594,720,1962.3%56$739,099,083,5789.2%
Financials776$3,992,098,955,12011.2%91$1,304,707,334,26916.2%
Health Care832$4,888,903,155,08513.7%150$1,036,688,966,44112.9%
Industrials484$2,841,047,232,3478.0%83$412,068,058,2235.1%
Information Technology515$8,783,519,201,98524.7%115$1,351,382,478,73916.8%
Materials153$843,350,777,3012.4%98$603,986,942,5917.5%
Minerals1$113,585,1400.0%1$304,675,6700.0%
Real Estate216$1,214,698,590,5953.4%14$12,506,089,5750.2%
Unknown7$406,906,9560.0%5$9,220,406,3080.1%
Utilities78$964,528,977,8712.7%24$123,982,481,3831.5%
Total3,981$35,618,646,349,910100% 818$8,063,487,991,800100%

When we say "U.S. common stocks" in this article, we are talking about all common stocks, REITs and mortgage REITs of U.S. companies that trade on the U.S. stock market. So that excludes MLPs, preferred stocks, ADRs, and investment funds, and the common stocks of non-US companies that trade on the U.S. stock market.

Let's also look at the global securities based on the size categories we use on our website:

Global stocks and ADRsU.S. common stocks
Size Category# of StocksMarket cap% # of StocksMarket cap%
Large cap165$7,179,753,551,46489.0%526$30,761,253,346,58586.4%
Mid cap137$668,366,996,7538.3%802$3,591,187,258,37510.1%
Small cap217$185,828,712,3382.3%1,220$1,110,639,652,7173.1%
Micro cap298$29,538,731,2450.4%1,427$155,566,092,2330.4%
Unknown1$00.0%1$00.0%
Total818$8,063,487,991,800100% 3,981$35,618,646,349,910100%

As explained in our article size categories, there is no standard definition of what makes up a "large cap" stock. On our website, we use a cutoff of $10 billion to determine a large cap stock. This is a just a widely used rule of thumb that we have also chosen to use. Similarly, a "mid cap" stock under our definition is a stock with a market capitalization between $2 billion and $10 billion.


All data is a live query from our database. The wording was last updated: 01/21/2019.

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