Maryland State Retirement & Pension System Top Holdings and 13F Report (2025)

About Maryland State Retirement & Pension System

Investment Activity

Maryland State Retirement & Pension System has $4.64 billion in total holdings as of December 31, 2024.
Maryland State Retirement & Pension System owns shares of 1,512 different stocks, but just 311 companies or ETFs make up 80% of its holdings.
Approximately 1.69% of the portfolio was purchased this quarter.
About 5.47% of the portfolio was sold this quarter.
This quarter, Maryland State Retirement & Pension System has purchased 1,521 new stocks and bought additional shares in 117 stocks.
Maryland State Retirement & Pension System sold shares of 768 stocks and completely divested from 41 stocks this quarter.

Largest Holdings

Apple: $193,759,470
NVIDIA: $169,859,795
Microsoft: $169,428,248
Enbridge: $121,663,171
Amazon.com: $111,313,659

Largest New Holdings this Quarter

BLACKROCK INC: $8,183,453 Holding
SOUTH BOW CORP: $6,157,774 Holding
ARISTA NETWORKS INC: $6,112,751 Holding
BROOKFIELD INFRASTRUCTURE CO: $5,977,894 Holding
LAM RESEARCH CORP: $4,976,503 Holding

Largest Purchases this Quarter

BLACKROCK INC: 7,983 shares (about $8.18M)
SOUTH BOW CORP: 261,070 shares (about $6.16M)
ARISTA NETWORKS INC: 55,304 shares (about $6.11M)
BROOKFIELD INFRASTRUCTURE CO: 149,410 shares (about $5.98M)
LAM RESEARCH CORP: 68,898 shares (about $4.98M)

Largest Sales this Quarter

Apple: 62,227 shares (about $15.58M)
NVIDIA: 80,902 shares (about $10.86M)
Microsoft: 25,685 shares (about $10.83M)
Amazon.com: 26,937 shares (about $5.91M)
Meta Platforms: 7,516 shares (about $4.40M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
AAPL Apple	$193,759,470	$15,582,885 ▼	-7.4%	773,738	4.2%	Computer and Technology
NVDA NVIDIA	$169,859,795	$10,864,330 ▼	-6.0%	1,264,873	3.7%	Computer and Technology
MSFT Microsoft	$169,428,248	$10,826,228 ▼	-6.0%	401,965	3.7%	Computer and Technology
ENB Enbridge	$121,663,171	$1,492,180 ▲	1.2%	2,867,789	2.6%	Oils/Energy
AMZN Amazon.com	$111,313,659	$5,909,708 ▼	-5.0%	507,378	2.4%	Retail/Wholesale
AMT American Tower	$75,295,124	$1,973,492 ▼	-2.6%	410,529	1.6%	Finance
META Meta Platforms	$69,360,686	$4,400,693 ▼	-6.0%	118,462	1.5%	Computer and Technology
TRP TC Energy	$63,662,580	$720,255 ▲	1.1%	1,366,669	1.4%	Oils/Energy
TSLA Tesla	$60,643,037	$3,931,786 ▼	-6.1%	150,166	1.3%	Auto/Tires/Trucks
GOOGL Alphabet	$60,129,063	$3,897,119 ▼	-6.1%	317,639	1.3%	Computer and Technology
WMB Williams Companies	$57,936,055	$1,523,749 ▼	-2.6%	1,070,511	1.2%	Oils/Energy
AVGO Broadcom	$56,978,621	$3,686,488 ▼	-6.1%	245,767	1.2%	Computer and Technology
OKE ONEOK	$51,508,513	$1,352,990 ▼	-2.6%	513,033	1.1%	Oils/Energy
GOOG Alphabet	$49,920,989	$4,047,421 ▼	-7.5%	262,135	1.1%	Computer and Technology
ET Energy Transfer	$49,794,939	$1,148,875 ▼	-2.3%	2,541,855	1.1%	Oils/Energy
SRE Sempra	$48,798,724	$1,267,466 ▼	-2.5%	556,301	1.1%	Utilities
KMI Kinder Morgan	$46,520,953	$1,185,379 ▼	-2.5%	1,697,845	1.0%	Oils/Energy
BRK.B Berkshire Hathaway	$44,814,434	$2,903,712 ▼	-6.1%	98,867	1.0%	Finance
XLU Utilities Select Sector SPDR Fund	$43,011,826		0.0%	568,263	0.9%	ETF
CHENIERE ENERGY INC	$42,329,390	$1,539,973 ▼	-3.5%	197,000	0.9%	COM NEW
PCG PG&E	$38,694,746	$188,643 ▼	-0.5%	1,917,480	0.8%	Utilities
EPD Enterprise Products Partners	$37,567,304	$934,026 ▼	-2.4%	1,197,937	0.8%	Oils/Energy
JPM JPMorgan Chase & Co.	$36,382,225	$3,123,901 ▼	-7.9%	151,776	0.8%	Finance
CCI Crown Castle	$34,643,092	$912,229 ▼	-2.6%	381,700	0.7%	Finance
TRGP Targa Resources	$34,169,006	$1,092,063 ▼	-3.1%	191,423	0.7%	Oils/Energy
LLY Eli Lilly and Company	$33,410,616	$2,159,284 ▼	-6.1%	43,278	0.7%	Medical
EXC Exelon	$33,209,132	$724,419 ▼	-2.1%	882,283	0.7%	Utilities
FTS Fortis	$27,172,021	$1,594,614 ▲	6.2%	654,212	0.6%	Utilities
ED Consolidated Edison	$27,147,067	$674,400 ▼	-2.4%	304,237	0.6%	Utilities
FERROVIAL SE	$27,134,415	$1,020,391 ▲	3.9%	645,339	0.6%	ORD SHS
EIX Edison International	$27,118,454	$648,141 ▼	-2.3%	339,660	0.6%	Utilities
PBA Pembina Pipeline	$26,991,262	$352,319 ▲	1.3%	730,863	0.6%	Oils/Energy
V Visa	$26,876,042	$1,796,371 ▼	-6.3%	85,040	0.6%	Business Services
XOM Exxon Mobil	$26,062,275	$1,728,435 ▼	-6.2%	242,282	0.6%	Oils/Energy
UNH UnitedHealth Group	$25,131,125	$1,650,621 ▼	-6.2%	49,680	0.5%	Medical
MA Mastercard	$23,173,819	$1,871,430 ▼	-7.5%	44,009	0.5%	Business Services
COST Costco Wholesale	$21,921,760	$1,461,451 ▼	-6.3%	23,925	0.5%	Retail/Wholesale
PG Procter & Gamble	$21,366,490	$1,416,307 ▼	-6.2%	127,447	0.5%	Consumer Staples
AWK American Water Works	$21,309,700	$559,334 ▼	-2.6%	171,176	0.5%	Utilities
WMT Walmart	$21,168,373	$1,421,838 ▼	-6.3%	234,293	0.5%	Retail/Wholesale
HD Home Depot	$20,882,928	$1,305,061 ▼	-5.9%	53,685	0.5%	Retail/Wholesale
NFLX Netflix	$20,605,536	$1,279,044 ▼	-5.8%	23,118	0.4%	Consumer Discretionary
SBAC SBA Communications	$19,286,002	$456,104 ▼	-2.3%	94,632	0.4%	Finance
AMLP Alerian MLP ETF	$19,237,656		0.0%	399,453	0.4%	ETF
VNQ Vanguard Real Estate ETF	$19,107,660		0.0%	214,500	0.4%	ETF
ATO Atmos Energy	$18,992,668	$457,780 ▼	-2.4%	136,373	0.4%	Utilities
JNJ Johnson & Johnson	$18,818,244	$1,274,391 ▼	-6.3%	130,122	0.4%	Medical
ES Eversource Energy	$18,473,738	$7,696 ▼	0.0%	321,674	0.4%	Utilities
CNP CenterPoint Energy	$18,170,057	$435,716 ▼	-2.3%	572,646	0.4%	Utilities
ABBV AbbVie	$16,990,075	$1,132,838 ▼	-6.3%	95,611	0.4%	Medical
CRM Salesforce	$16,675,043	$1,405,523 ▼	-7.8%	49,876	0.4%	Computer and Technology
BAC Bank of America	$15,778,358	$1,416,640 ▼	-8.2%	359,007	0.3%	Finance
NI NiSource	$15,096,192	$233,352 ▲	1.6%	410,669	0.3%	Utilities
MPLX Mplx	$14,881,732	$377,328 ▼	-2.5%	310,943	0.3%	Oils/Energy
ORCL Oracle	$14,109,242	$970,511 ▼	-6.4%	84,669	0.3%	Computer and Technology
SHOP Shopify	$13,669,100	$399,789 ▲	3.0%	128,489	0.3%	Computer and Technology
MRK Merck & Co., Inc.	$13,605,084	$934,018 ▼	-6.4%	136,762	0.3%	Medical
CVX Chevron	$13,456,650	$907,423 ▼	-6.3%	92,907	0.3%	Oils/Energy
KO Coca-Cola	$13,030,644	$903,393 ▼	-6.5%	209,294	0.3%	Consumer Staples
CSCO Cisco Systems	$12,737,354	$1,106,981 ▼	-8.0%	215,158	0.3%	Computer and Technology
WFC Wells Fargo & Company	$12,610,187	$1,585,387 ▼	-11.2%	179,530	0.3%	Finance
NOW ServiceNow	$11,747,190	$806,751 ▼	-6.4%	11,081	0.3%	Computer and Technology
PEP PepsiCo	$11,269,167	$788,431 ▼	-6.5%	74,110	0.2%	Consumer Staples
MCD McDonald's	$11,259,907	$787,341 ▼	-6.5%	38,842	0.2%	Retail/Wholesale
DIS Walt Disney	$10,891,144	$904,385 ▼	-7.7%	97,810	0.2%	Consumer Discretionary
IBM International Business Machines	$10,871,033	$760,392 ▼	-6.5%	49,452	0.2%	Computer and Technology
LINDE PLC	$10,857,369	$744,395 ▼	-6.4%	25,933	0.2%	SHS
TMO Thermo Fisher Scientific	$10,726,622	$731,443 ▼	-6.4%	20,619	0.2%	Medical
ADBE Adobe	$10,640,303	$698,592 ▼	-6.2%	23,928	0.2%	Computer and Technology
ABT Abbott Laboratories	$10,539,703	$744,264 ▼	-6.6%	93,181	0.2%	Medical
AMD Advanced Micro Devices	$10,476,721	$701,911 ▼	-6.3%	86,735	0.2%	Computer and Technology
PM Philip Morris International	$10,082,081	$708,500 ▼	-6.6%	83,773	0.2%	Consumer Staples
RY Royal Bank of Canada	$10,036,555	$5,182 ▼	-0.1%	83,277	0.2%	Finance
ISRG Intuitive Surgical	$9,960,041	$674,894 ▼	-6.3%	19,082	0.2%	Medical
GE General Electric	$9,680,492	$791,085 ▼	-7.6%	58,040	0.2%	Transportation
CAT Caterpillar	$9,578,315	$651,880 ▼	-6.4%	26,404	0.2%	Industrial Products
GS The Goldman Sachs Group	$9,494,040	$920,773 ▼	-8.8%	16,580	0.2%	Finance
UBS UBS Group	$9,431,837	$235,673 ▼	-2.4%	308,601	0.2%	Finance
PAC Grupo Aeroportuario del Pacífico	$9,392,763	$513,771 ▲	5.8%	53,676	0.2%	Transportation
INTU Intuit	$9,293,001	$605,246 ▼	-6.1%	14,786	0.2%	Computer and Technology
QCOM QUALCOMM	$9,233,023	$661,334 ▼	-6.7%	60,103	0.2%	Computer and Technology
TXN Texas Instruments	$9,198,116	$645,597 ▼	-6.6%	49,054	0.2%	Computer and Technology
VZ Verizon Communications	$9,069,612	$649,997 ▼	-6.7%	226,797	0.2%	Computer and Technology
AXP American Express	$8,963,948	$637,505 ▼	-6.6%	30,203	0.2%	Finance
BKNG Booking	$8,883,535	$879,410 ▼	-9.0%	1,788	0.2%	Retail/Wholesale
T AT&T	$8,796,848	$630,843 ▼	-6.7%	386,335	0.2%	Computer and Technology
AEM Agnico Eagle Mines	$8,772,521	$403,514 ▲	4.8%	112,180	0.2%	Basic Materials
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	$8,633,194	$472,288 ▲	5.8%	602,456	0.2%	Utilities
SU Suncor Energy	$8,523,183	$362,392 ▲	4.4%	238,885	0.2%	Oils/Energy
DTM DT Midstream	$8,520,654	$184,144 ▼	-2.1%	85,695	0.2%	Oils/Energy
SPGI S&P Global	$8,390,809	$598,134 ▼	-6.7%	16,848	0.2%	Business Services
TD Toronto-Dominion Bank	$8,354,652	$152,956 ▲	1.9%	157,036	0.2%	Finance
RTX RTX	$8,297,934	$576,748 ▼	-6.5%	71,707	0.2%	Aerospace
BLACKROCK INC	$8,183,453	$8,183,453 ▲	New Holding	7,983	0.2%	COM
PALANTIR TECHNOLOGIES INC	$8,182,032	$523,662 ▼	-6.0%	108,185	0.2%	CL A
PFE Pfizer	$8,091,093	$584,191 ▼	-6.7%	304,979	0.2%	Medical
WTRG Essential Utilities	$8,090,970	$151,999 ▼	-1.8%	222,769	0.2%	Utilities
DHR Danaher	$7,983,979	$561,709 ▼	-6.6%	34,781	0.2%	Medical
NEE NextEra Energy	$7,934,649	$567,283 ▼	-6.7%	110,680	0.2%	Utilities
HON Honeywell International	$7,933,709	$556,141 ▼	-6.6%	35,122	0.2%	Multi-Sector Conglomerates

Showing largest 100 holdings. View all holdings.

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Maryland State Retirement & Pension System Top Holdings and 13F Report (2025)

About Maryland State Retirement & Pension System

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

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Maryland State Retirement & Pension System Top Holdings and 13F Report (2025)

About Maryland State Retirement & Pension System

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofMaryland State Retirement & Pension System

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools