Data / Federal awards / NAICS 523920
NAICS 523920 Portfolio Management: $150.5 million in federal contracts to 28 recipients (FY2024 to FY2027)
Federal agencies obligated $150.5 million under NAICS 523920, Portfolio Management, across 31 contract awards to 28 named recipients in fiscal years 2024 to 2027. The largest recipients are ARROWSTREET CAPITAL LP ($28.7 million), PACIFIC INVESTMENT MANAGEMENT COMPANY LLC ($26.7 million), PGIM, INC. ($24.0 million). Pension Benefit Guaranty Corporation is the largest buyer with $150.8 million.
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- NAICS code
- 523920 Portfolio Management
- Contract awards
- 31
- Obligated
- $150.5 million
- Named recipients
- 28
- Buying agencies
- 4
- Small business share of obligations
- 1%
- Full and open competition share
- 99%
- Set aside share
- 1%
- Latest action
- 2026-09-30
Incumbents: the largest recipients
Ranked by dollars obligated in fiscal years 2024 to 2027.
| Recipient | Business size | Awards | Obligated | Share |
|---|---|---|---|---|
| ARROWSTREET CAPITAL LP | Other Than Small Business | 1 | $28.7 million | 19.0% |
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | Other Than Small Business | 1 | $26.7 million | 17.7% |
| PGIM, INC. | Other Than Small Business | 1 | $24 million | 15.9% |
| WELLINGTON MANAGEMENT COMPANY LLP | Other Than Small Business | 1 | $16.2 million | 10.8% |
| ALLSPRING GLOBAL INVESTMENTS, LLC | Other Than Small Business | 1 | $13.4 million | 8.9% |
| MARATHON ASSET MANAGEMENT LIMITED | Other Than Small Business | 2 | $12.4 million | 8.2% |
| TCW ASSET MANAGEMENT COMPANY LLC | Other Than Small Business | 1 | $10.5 million | 7.0% |
| GOLDMAN SACHS ASSET MANAGEMENT, L.P | Other Than Small Business | 1 | $7.4 million | 4.9% |
| NEUBERGER BERMAN INVESTMENT ADVISERS LLC | Other Than Small Business | 1 | $7 million | 4.7% |
| PRINCIPAL REAL ESTATE INVESTORS LLC | Other Than Small Business | 1 | $3.2 million | 2.1% |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | Other Than Small Business | 1 | $2.5 million | 1.7% |
| NUVEEN ASSET MANAGEMENT, LLC | Other Than Small Business | 1 | $2.4 million | 1.6% |
| WESTERN ASSET MANAGEMENT CO, LLC | Other Than Small Business | 1 | $2.1 million | 1.4% |
| SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC | Other Than Small Business | 1 | $1.2 million | 0.8% |
| BAILLIE GIFFORD OVERSEAS LIMITED | Other Than Small Business | 1 | $786,121 | 0.5% |
| AQR CAPITAL MANAGEMENT LLC | Other Than Small Business | 1 | $668,956 | 0.4% |
| BLACKROCK INSTITUTIONAL TRUST COMPANY NATIONAL ASSOCIATION | Other Than Small Business | 1 | $416,044 | 0.3% |
| ICE DATA PRICING & REFERENCE DATA, LLC | Other Than Small Business | 1 | $10,187 | 0.0% |
| BANK OF AMERICA, N.A | Other Than Small Business | 1 | $0 | 0.0% |
| PUGH CAPITAL MANAGEMENT INC | Small Business | 1 | $0 | 0.0% |
| MARATHON ASSET MANAGEMENT LLP | Other Than Small Business | 1 | $0 | 0.0% |
| BUSCHER FAMILY HOLDINGS LLC | Small Business | 2 | $-11,544 | -0.0% |
| MACARTHUR & BAKER INTERNATIONAL INC | Other Than Small Business | 1 | $-100,670 | -0.1% |
| NEW CENTURY ADVISORS LLC | Small Business | 1 | $-131,789 | -0.1% |
| SEBA PROFESSIONAL SERVICES LLC | Small Business | 1 | $-1,220,939 | -0.8% |
| INVESCO TRUST COMPANY | Other Than Small Business | 1 | $-2,036,149 | -1.4% |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Other Than Small Business | 1 | $-2,846,925 | -1.9% |
| NINETY ONE NORTH AMERICA, INC. | Other Than Small Business | 1 | $-3,761,987 | -2.5% |
Agencies buying under this code
| Agency | Awards | Obligated | Largest recipient |
|---|---|---|---|
| Pension Benefit Guaranty Corporation | 24 | $150.8 million | ARROWSTREET CAPITAL LP |
| Commodity Futures Trading Commission | 1 | $10,187 | ICE DATA PRICING & REFERENCE DATA, LLC |
| Department of Agriculture | 3 | $-11,544 | BANK OF AMERICA, N.A |
| Department of Housing and Urban Development | 3 | $-247,748 | MACARTHUR & BAKER INTERNATIONAL INC |
Obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2024 | $44.8 million |
| FY2025 | $70.9 million |
| FY2026 | $34.8 million |
Products and services bought
| Code | Product or service | Awards | Obligated |
|---|---|---|---|
| R710 | Support- Management: Financial | 24 | $150.8 million |
| R411 | Support- Professional: Real Property Appraisals | 1 | $1.1 million |
| D318 | IT and Telecom- Integrated Hardware/software/services Solutions, Predominantly Services | 1 | $10,187 |
| R711 | Support- Management: Banking | 1 | $0 |
| D301 | IT and Telecom- Facility Operation and Maintenance | 2 | $-11,544 |
| R799 | Support- Management: Other | 2 | $-1,321,609 |
Largest contract awards
| Award ID | Recipient | Agency | Type | NAICS | What it buys | Obligated in window | Award value | Starts | Ends | Place of performance | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PBGC01CT170029 | ARROWSTREET CAPITAL LP | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF INVESTMENT MANAGEMENT SERVICES | $28,651,835 | $65,140,636 | March 31, 2017 | March 30, 2027 | Boston, MA | usaspending.gov |
| PBGC01CT160020 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES | $26,651,803 | $112,439,174 | April 1, 2016 | September 30, 2026 | Newport Beach, CA | usaspending.gov |
| PBGC01CT160015 | PGIM, INC. | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF:: PORTFOLIO MANAGEMENT SERVICES | $23,995,760 | $117,595,275 | April 1, 2016 | September 30, 2026 | Newark, NJ | usaspending.gov |
| PBGC01CT160019 | WELLINGTON MANAGEMENT COMPANY LLP | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES | $16,210,620 | $89,150,063 | April 1, 2016 | September 30, 2026 | Boston, MA | usaspending.gov |
| PBGC01CT160023 | ALLSPRING GLOBAL INVESTMENTS, LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES | $13,369,164 | $31,157,337 | April 1, 2016 | September 30, 2026 | San Francisco, CA | usaspending.gov |
| 16PBGC22C0017 | MARATHON ASSET MANAGEMENT LIMITED | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | FINANCIAL MANAGEMENT SERVICES | $12,356,900 | $30,213,465 | March 31, 2022 | March 30, 2027 | United Kingdom | usaspending.gov |
| PBGC01CT160022 | TCW ASSET MANAGEMENT COMPANY LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES | $10,539,455 | $44,263,787 | April 1, 2016 | February 28, 2027 | Los Angeles, CA | usaspending.gov |
| PBGC01CT160016 | GOLDMAN SACHS ASSET MANAGEMENT, L.P | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES | $7,435,660 | $34,425,996 | April 1, 2016 | September 30, 2026 | Washington, DC | usaspending.gov |
| PBGC01CT170027 | NEUBERGER BERMAN INVESTMENT ADVISERS LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF INVESTMENT MANAGEMENT SERVICES | $7,039,225 | $30,138,842 | March 31, 2017 | March 30, 2027 | Washington, DC | usaspending.gov |
| PBGC01CT160035 | PRINCIPAL REAL ESTATE INVESTORS LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF ASSET MANAGEMENT | $3,163,689 | $23,188,064 | July 27, 2016 | January 26, 2027 | Des Moines, IA | usaspending.gov |
| PBGC01CT160037 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF ASSET MANAGEMENT | $2,531,934 | $19,349,041 | July 27, 2016 | January 26, 2027 | Chicago, IL | usaspending.gov |
| PBGC01CT160036 | NUVEEN ASSET MANAGEMENT, LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF ASSET MANAGEMENT | $2,432,387 | $20,089,922 | July 27, 2016 | January 26, 2027 | Chicago, IL | usaspending.gov |
| PBGC01CT160021 | WESTERN ASSET MANAGEMENT CO, LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES | $2,123,007 | $37,157,020 | April 1, 2016 | March 31, 2025 | Washington, DC | usaspending.gov |
| PBGC01CT150043 | SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF | $1,161,431 | $31,099,797 | September 30, 2015 | March 29, 2026 | New York, NY | usaspending.gov |
| PBGC01CT170030 | BAILLIE GIFFORD OVERSEAS LIMITED | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF INVESTMENT MANAGEMENT SERVICES | $786,121 | $16,914,968 | March 31, 2017 | March 30, 2026 | Washington, DC | usaspending.gov |
| PBGC01CT150040 | AQR CAPITAL MANAGEMENT LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF | $668,956 | $30,746,741 | September 30, 2015 | September 29, 2025 | Washington, DC | usaspending.gov |
| PBGC01CT160005 | BLACKROCK INSTITUTIONAL TRUST COMPANY NATIONAL ASSOCIATION | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::CT::IGF | $416,044 | $13,988,884 | November 1, 2015 | December 15, 2025 | San Francisco, CA | usaspending.gov |
| 9523ZY18C0214 | ICE DATA PRICING & REFERENCE DATA, LLC | Commodity Futures Trading Commission | Definitive Contract | 523920 | MARKET DATA PRICING FEEDS | $10,187 | $521,055 | September 26, 2018 | August 25, 2023 | Washington, DC | usaspending.gov |
| 12C0BA22D0003 | BANK OF AMERICA, N.A | Department of Agriculture | IDC | 523920 | REPLACEMENT CONTRACT TO 1231ME18D0008 (IAS ISSUES) - THIS IS AN INDEFINITE DELIVERY INDEFINITE QUANTITY (IDIQ) FIXED PRICE CONTRACT AWARD FO | $0 | $500,000 | October 27, 2021 | usaspending.gov | ||
| 16PBGC22C0009 | PUGH CAPITAL MANAGEMENT INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | SMALLER ASSET MANAGERS PILOT PROGRAM | $0 | $1,088,936 | December 23, 2021 | June 30, 2023 | Seattle, WA | usaspending.gov |
| 16PBGC22C0015 | MARATHON ASSET MANAGEMENT LIMITED | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | NEW CONTRACT AS A RESULT OF A NAME CHANGE TO CONTRACT PBGC01-CT-17-0028 | $0 | $0 | March 31, 2022 | March 30, 2023 | Washington, DC | usaspending.gov |
| PBGC01CT170028 | MARATHON ASSET MANAGEMENT LLP | Pension Benefit Guaranty Corporation | Definitive Contract | 523920 | IGF::OT::IGF INVESTMENT MANAGEMENT SERVICES | $0 | $33,314,527 | March 31, 2017 | March 30, 2022 | Washington, DC | usaspending.gov |
| AG3142P170035 | BUSCHER FAMILY HOLDINGS LLC | Department of Agriculture | Purchase Order | 523920 | IGF::OT::IGF SERVICES TO SUPPORT USDA OO, MAIL AND REPRODUCTION MANAGEMENT DIVISION(MRMD)DEPARTMENTAL MAILING LIST SYSTEMS(DMLS) PERIOD OF P | $-752 | $19,248 | September 27, 2016 | September 30, 2017 | Washington, DC | usaspending.gov |
| 12314218P0056 | BUSCHER FAMILY HOLDINGS LLC | Department of Agriculture | Purchase Order | 523920 | USDA DEPARTMENTAL MAILING LIST SYSTEM SOFTWARE MAINTENANCE UPGRADES AND SYSTEM SUPPORT FOR USDA OO, MAIL AND REPRODUCTION MANAGEMENT DIVISIO | $-10,792 | $67,708 | August 29, 2018 | February 29, 2024 | Washington, DC | usaspending.gov |
| 86615719P00009 | MACARTHUR & BAKER INTERNATIONAL INC | Department of Housing and Urban Development | Purchase Order | 523920 | POST CLOSING PORTFOLIO MANAGEMENT (PCPM) SUPPORT AND SURPLUS CASH ANALYSIS (SCA)FOR THE SUPPORT HUD HELD DEBT GENERATED BY HUD PROGRAMS. | $-100,670 | $577,688 | June 3, 2019 | December 2, 2019 | Bethesda, MD | usaspending.gov |
Updated October 6, 2026. Read from USAspending.gov. Public U.S. federal spending data (U.S. Department of the Treasury). Obligations are the contract actions dated in fiscal years 2024 to 2027 of the USAspending.gov award archive of 2026-10-06; a contract's total value is its current value as USAspending reports it, including earlier years. Recipients are matched on their SAM.gov UEI, never on the name, and are shown as the government prints them. Sole proprietorships and opted-out entities count in the totals and are not named. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.