Data / Federal awards / NAICS 523940
NAICS 523940 Portfolio Management and Investment Advice: $52.2 million in federal contracts to 43 recipients (FY2024 to FY2027)
Updated October 6, 2026. Source: USAspending.gov.
Federal agencies obligated $52.2 million under NAICS 523940, Portfolio Management and Investment Advice, across 55 contract awards to 43 named recipients in fiscal years 2024 to 2027. The largest recipients are PACIFIC INVESTMENT MANAGEMENT COMPANY LLC ($5.5 million), PGIM, INC. ($4.6 million), WELLINGTON MANAGEMENT COMPANY LLP ($3.2 million). Pension Benefit Guaranty Corporation is the largest buyer with $46.6 million.
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- NAICS code
- 523940 Portfolio Management and Investment Advice
- Contract awards
- 55
- Obligated
- $52.2 million
- Named recipients
- 43
- Buying agencies
- 7
- Small business share of obligations
- 35%
- Full and open competition share
- 28%
- Set aside share
- 5%
- Latest action
- 2026-09-25
Incumbents: the largest recipients
Ranked by dollars obligated in fiscal years 2024 to 2027.
| Recipient | Business size | Awards | Obligated | Share |
|---|---|---|---|---|
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | Other Than Small Business | 1 | $5.5 million | 10.5% |
| PGIM, INC. | Other Than Small Business | 1 | $4.6 million | 8.8% |
| WELLINGTON MANAGEMENT COMPANY LLP | Other Than Small Business | 1 | $3.2 million | 6.1% |
| COLCHESTER GLOBAL INVESTORS LIMITED | Other Than Small Business | 1 | $3.2 million | 6.1% |
| PUGH CAPITAL MANAGEMENT INC | Small Business | 2 | $3 million | 5.8% |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Other Than Small Business | 1 | $3 million | 5.7% |
| AQR CAPITAL MANAGEMENT LLC | Other Than Small Business | 1 | $3 million | 5.7% |
| MERGANSER CAPITAL MANAGEMENT, LLC | Small Business | 1 | $2.9 million | 5.5% |
| RECURSION CO | Small Business | 1 | $2.6 million | 5.0% |
| ALLSPRING GLOBAL INVESTMENTS, LLC | Other Than Small Business | 1 | $2.6 million | 4.9% |
| NEW CENTURY ADVISORS LLC | Small Business | 2 | $2.5 million | 4.9% |
| LONGFELLOW INVESTMENT MANAGEMENT CO., LLC | Small Business | 2 | $2.5 million | 4.7% |
| GOLDMAN SACHS ASSET MANAGEMENT, L.P | Other Than Small Business | 1 | $2.4 million | 4.6% |
| RAMIREZ ASSET MANAGEMENT, INC. | Small Business | 1 | $2.3 million | 4.4% |
| SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC | Other Than Small Business | 1 | $2.2 million | 4.2% |
| KPMG LLP | Other Than Small Business | 6 | $2 million | 3.9% |
| NATIONAL INVESTMENT SERVICES OF AMERICA, LLC | Small Business | 1 | $1.4 million | 2.7% |
| NINETY ONE NORTH AMERICA, INC. | Other Than Small Business | 1 | $1.2 million | 2.3% |
| J. P. MORGAN INVESTMENT MANAGEMENT INC. | Other Than Small Business | 1 | $650,000 | 1.2% |
| CORPORATE REPAIR AND GROWTH STRATEGIES, INC | Small Business | 1 | $602,958 | 1.2% |
| THE BOSTON CONSULTING GROUP INC | Other Than Small Business | 3 | $536,000 | 1.0% |
| PRODUCTABLE INC. | Small Business | 1 | $150,000 | 0.3% |
| PACIFIC RISK ADVISORS LTD | Other Than Small Business | 2 | $99,800 | 0.2% |
| THE COLERIDGE GROUP, LLC | Small Business | 1 | $79,751 | 0.2% |
| NED DAVIS RESEARCH, INC. | Other Than Small Business | 1 | $40,000 | 0.1% |
| AIIS, LLC | Small Business | 1 | $32,750 | 0.1% |
| BUSCHER FAMILY HOLDINGS LLC | Other Than Small Business | 1 | $0 | 0.0% |
| WALLS & ASSOCIATES, LLC | Small Business | 1 | $0 | 0.0% |
| DELOITTE FINANCIAL ADVISORY SERVICES LLP | Other Than Small Business | 1 | $0 | 0.0% |
| ENVIRONMENTAL RESOURCES MANAGEMENT (S) PTE LTD | Other Than Small Business | 1 | $0 | 0.0% |
| BERKELEY RESEARCH GROUP, LLC | Other Than Small Business | 1 | $0 | 0.0% |
| MCKINSEY & COMPANY, INC. WASHINGTON D.C. | Other Than Small Business | 1 | $0 | 0.0% |
| OPEN CAPITAL GROUP LIMITED | Other Than Small Business | 1 | $0 | 0.0% |
| JONES LANG LASALLE AMERICAS, INC. | Other Than Small Business | 1 | $0 | 0.0% |
| TETRA TECH ES, INC. | Other Than Small Business | 1 | $0 | 0.0% |
| WSP USA SOLUTIONS INC | Other Than Small Business | 1 | $0 | 0.0% |
| BENCHMARK MINERAL INTELLIGENCE LIMITED | Other Than Small Business | 1 | $0 | 0.0% |
| DALBERG CONSULTING US LLC | Other Than Small Business | 1 | $0 | 0.0% |
| CROSSBOUNDARY LLC | Small Business | 1 | $0 | 0.0% |
| FINANCIAL MARKETS INTERNATIONAL, INC. | Other Than Small Business | 1 | $0 | 0.0% |
| ALVAREZ & MARSAL FEDERAL, LLC | Other Than Small Business | 1 | $0 | 0.0% |
| INDUS ENVIRONMENTAL SERVICES PRIVATE LIMITED | Other Than Small Business | 1 | $0 | 0.0% |
| CSM ADVISORS LLC | Small Business | 1 | $-69,334 | -0.1% |
Agencies buying under this code
| Agency | Awards | Obligated | Largest recipient |
|---|---|---|---|
| Pension Benefit Guaranty Corporation | 22 | $46.6 million | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC |
| U.S. International Development Finance Corporation | 26 | $2.7 million | KPMG LLP |
| Department of Housing and Urban Development | 1 | $2.6 million | RECURSION CO |
| Department of Defense | 1 | $150,000 | PRODUCTABLE INC. |
| Securities and Exchange Commission | 1 | $79,751 | THE COLERIDGE GROUP, LLC |
| Department of the Treasury | 2 | $40,000 | NED DAVIS RESEARCH, INC. |
| Department of Agriculture | 2 | $32,750 | AIIS, LLC |
Obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2024 | $8 million |
| FY2025 | $7 million |
| FY2026 | $37.2 million |
Products and services bought
| Code | Product or service | Awards | Obligated |
|---|---|---|---|
| R710 | Support- Management: Financial | 45 | $50.1 million |
| R799 | Support- Management: Other | 4 | $1.8 million |
| R425 | Support- Professional: Engineering/technical | 1 | $150,000 |
| R424 | Support- Professional: Expert Witness | 1 | $79,751 |
| 7630 | Newspapers and Periodicals | 2 | $40,000 |
| 7A20 | IT and Telecom - Application Development Software (perpetual License Software) | 2 | $32,750 |
Largest contract awards
| Award ID | Recipient | Agency | Type | NAICS | What it buys | Obligated in window | Award value | Starts | Ends | Place of performance | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 16PBGC26P0010 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC. - (PBGC01CT160020) BRIDGE | $5,500,000 | $5,500,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC26P0011 | PGIM, INC. | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | PGIM, INC. - (PBGC01CT160015) BRIDGE | $4,600,000 | $4,600,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC26P0008 | WELLINGTON MANAGEMENT COMPANY LLP | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | WELLINGTON MANAGEMENT COMPANY LLP - (PBGC01CT160019) BRIDGE | $3,200,000 | $3,200,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC24C0040 | COLCHESTER GLOBAL INVESTORS LIMITED | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | INVESTMENT MANAGEMENT | $3,163,817 | $3,163,817 | January 26, 2024 | July 25, 2025 | Washington, DC | usaspending.gov |
| 16PBGC24C0034 | PUGH CAPITAL MANAGEMENT INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT & INVESTMENT ADVICE | $3,043,474 | $3,043,474 | January 1, 2024 | December 31, 2026 | Seattle, WA | usaspending.gov |
| 16PBGC26C0006 | AQR CAPITAL MANAGEMENT LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $3,000,000 | $3,000,000 | March 27, 2026 | March 29, 2027 | Greenwich, CT | usaspending.gov |
| 16PBGC26C0004 | LOS ANGELES CAPITAL MANAGEMENT LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $3,000,000 | $3,000,000 | March 27, 2026 | March 29, 2027 | Los Angeles, CA | usaspending.gov |
| 16PBGC24C0036 | MERGANSER CAPITAL MANAGEMENT, LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT & INVESTMENT ADVICE | $2,859,454 | $2,859,454 | January 1, 2024 | July 29, 2026 | Boston, MA | usaspending.gov |
| 86615525C00001 | RECURSION CO | Department of Housing and Urban Development | Definitive Contract | 523940 | GLOBAL ESG INVESTMENT POLICY AND INVESTOR INTELLIGENCE: MONITOR GLOBAL ESG POLICY AND REGULATION CHANGES, IDENTIFY THOSE THAT HAVE POTENTIAL | $2,611,048 | $2,611,048 | November 27, 2024 | August 26, 2026 | New York, NY | usaspending.gov |
| 16PBGC24C0037 | NEW CENTURY ADVISORS LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT SERVICES | $2,551,997 | $2,551,997 | January 1, 2024 | July 29, 2026 | Washington, DC | usaspending.gov |
| 16PBGC26P0012 | ALLSPRING GLOBAL INVESTMENTS, LLC | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | ALLSPRING GLOBAL - (PBGC01CT160023) BRIDGE | $2,550,000 | $2,550,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC24C0033 | LONGFELLOW INVESTMENT MANAGEMENT CO., LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT & INVESTMENT ADVICE | $2,494,442 | $2,494,442 | January 1, 2024 | December 31, 2026 | Washington, DC | usaspending.gov |
| 16PBGC26P0009 | GOLDMAN SACHS ASSET MANAGEMENT, L.P | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | GOLDMAN SACHS ASSET MANAGEMENT, LP - (PBGC01CT160016) BRIDGE | $2,400,000 | $2,400,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC24C0035 | RAMIREZ ASSET MANAGEMENT, INC. | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT SERVICES | $2,309,134 | $2,309,134 | January 1, 2024 | July 29, 2026 | New York, NY | usaspending.gov |
| 16PBGC26C0003 | SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $2,213,650 | $2,213,650 | March 27, 2026 | November 29, 2026 | New York, NY | usaspending.gov |
| 16PBGC24C0038 | NATIONAL INVESTMENT SERVICES OF AMERICA, LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT SERVICES | $1,411,191 | $1,411,191 | January 1, 2024 | July 29, 2026 | Milwaukee, WI | usaspending.gov |
| 16PBGC26C0005 | NINETY ONE NORTH AMERICA, INC. | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $1,214,286 | $1,214,286 | March 27, 2026 | November 29, 2026 | New York, NY | usaspending.gov |
| 77344426F0034 | KPMG LLP | U.S. International Development Finance Corporation | Delivery Order | 523940 | SWORD BRAZILIAN PORT PROJECT (CLI / AD PORTS) | $886,427 | $1,000,225 | March 17, 2026 | October 30, 2026 | Washington, DC | usaspending.gov |
| 16PBGC26C0001 | J. P. MORGAN INVESTMENT MANAGEMENT INC. | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | THE INVESTMENT MANAGEMENT ORGANIZATION RETAINED UNDER CONTRACT BY PBGC IS RESPONSIBLE FOR MONITORING INHERITED PRIVATE ASSET LIMITED PARTNER | $650,000 | $650,000 | December 23, 2025 | December 31, 2026 | Washington, DC | usaspending.gov |
| 16PBGC26C0002 | CORPORATE REPAIR AND GROWTH STRATEGIES, INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | SPECIAL SITUATION INVESTMENT MANAGEMENT SERVICES (SSIMS) | $602,958 | $602,958 | February 24, 2026 | February 28, 2027 | Montgomery, OH | usaspending.gov |
| 77344426F0122 | KPMG LLP | U.S. International Development Finance Corporation | Delivery Order | 523940 | PORT OF BERBERA (REFERRED HEREIN AS PROJECT KUDU) DUE DILIGENCE CONSULTANT | $466,689 | $466,689 | September 15, 2026 | March 20, 2027 | Washington, DC | usaspending.gov |
| 77344426F0040 | THE BOSTON CONSULTING GROUP INC | U.S. International Development Finance Corporation | Delivery Order | 523940 | PROJECT NOMAD - UZBEKISTAN FINANCIAL TECHNOLOGY COMMERCIAL DUE DILIGENCE CONSULTANT | $350,000 | $350,000 | March 31, 2026 | September 30, 2026 | Washington, DC | usaspending.gov |
| 77344424F0098 | KPMG LLP | U.S. International Development Finance Corporation | Delivery Order | 523940 | DFCS OFFICE OF HEALTH AND AGRIBUSINESS OHA REQUIRES A FINANCIAL TAX CONSULTANT THAT IS A SUBJECT MATTER EXPERT IN FINANCIAL ACCOUNTING AND T | $300,000 | $300,000 | June 11, 2024 | July 29, 2024 | Washington, DC | usaspending.gov |
| 77344424F0176 | KPMG LLP | U.S. International Development Finance Corporation | Delivery Order | 523940 | DFC REQUIRES A FINANCIAL/TAX CONSULTANT THAT IS A SUBJECT MATTER EXPERT IN FINANCIAL ACCOUNTING AND TAX WITH EXPERIENCE EVALUATING PHARMACEU | $225,000 | $225,000 | September 12, 2024 | October 30, 2024 | Washington, DC | usaspending.gov |
| 77344424F0110 | THE BOSTON CONSULTING GROUP INC | U.S. International Development Finance Corporation | Delivery Order | 523940 | MAURITANIA PORT COMMERCIAL DUE DILIGENCE CONSULTANT | $186,000 | $186,000 | June 27, 2024 | August 26, 2024 | Washington, DC | 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.