Portfolio Management
NAICS 523920 · Federal Contracts & Awards
$811,954,512.47 is the FY2024 obligation slice for Portfolio Management (NAICS 523920) on USAspending.gov. That yearlyTrend cell is 100.0% of $811,954,512.47. That yearlyTrend cell equals the entire published industry extract — FY2024 and the 523920 parent share the same dollar total on this packet. The pair is Portfolio Management and FY2024 — not every federal dollar in FY2024, not Portfolio Management’s lifetime book restated as a single year, and not cash already paid. The industry parent lists 30 awards across the published extract; that count is not a FY2024-only row total. Correlation is not causation.
Key figures
- USAspending records $811,954,512.47 in Portfolio Management FY2024 obligations (NAICS 523920).
- That cell is 100.0% of the industry’s $811,954,512.47 extract-wide total.
- 30 is the industry extract award-record count, not a FY2024 census of funds, accounts, or named managers.
- The join is NAICS 523920 × FY2024, not an outlay and not a named-recipient list.
- Cite USAspending.gov; quote NAICS 523920 and FY2024 federal spending if live tables moved.
A yearlyTrend join: Portfolio Management × 2024
The relationship is mechanical: one NAICS code, one fiscal year, one obligation sum. $811,954,512.47 is that sum for Portfolio Management in 2024. It is not Portfolio Management nationwide restated as a single year, not every federal dollar in FY2024, and not an outlay register. The packet does not split public from private portfolios inside 523920. 30 is the industry extract’s award-record count, not a FY2024-only file. Unique recipients are unpublished. This cell is not an AUM census, a named-manager roster, or a securities-transaction log.
100.0% locates FY2024 inside NAICS 523920’s $811,954,512.47 extract. When the year cell equals the extract, other years are unpublished or net to zero on this harvest. That is not a claim that FY2024 is the only year the industry ever existed. Do not divide $811,954,512.47 by 30 and call the result a typical FY2024 contract; the award count is extract-wide. Open NAICS 523920 for the industry table without the year filter, FY2024 federal spending for the year table without the NAICS filter, All industries for the NAICS index, and All spending ties for other pairs. Quote those hubs as parents, not as addends to $811,954,512.47.
Portfolio Management as a NAICS code, not as a named-vendor list
USAspending labels industry 523920 as Portfolio Management. That code produced $811,954,512.47 when filtered to FY2024. The industry-wide 523920 hub does not require a 2024 clamp. The fiscal-year hub does not require Portfolio Management. Only this tie applies both filters. The packet does not split public from private portfolios inside 523920.
Correlation is not causation: fiscal year 2024 did not cause $811,954,512.47 by existing on a calendar. Production rates, employment, and named facilities are not packet facts. The join is 523920 × FY2024 only. This cell is not an AUM census, a named-manager roster, or a securities-transaction log. Do not invent contractors or award recipients to fill the gap. Campaign donations on FEC tables do not fund this USAspending cell; the datasets are separate.
Full analysis: Portfolio Management federal obligations in FY2024 →
Questions
- How much did Portfolio Management obligate in FY2024?
- USAspending.gov records $811,954,512.47 in Portfolio Management obligations for fiscal year 2024 under NAICS 523920. That amount is a yearlyTrend obligation total, not an outlay and not the industry’s $811,954,512.47 extract-wide sum. The FY2024 slice is 100.0% of that parent. Keep Portfolio Management and FY2024 on the same citation as $811,954,512.47.
- Is $811,954,512.47 the entire 523920 USAspending total?
- No. NAICS 523920’s extract-wide total is $811,954,512.47. FY2024 is 100.0% of that book. Other fiscal-year rows for the same code are separate cells. Do not add the parent hub into this join. Obligations of $811,954,512.47 are not outlays. 30 is extract-wide for NAICS 523920, not a FY2024 firm census.
- Do 30 awards equal 30 Portfolio Management firms in FY2024?
- No. 30 is the Portfolio Management award-record count in this extract, not a FY2024 census of funds, accounts, or named managers. The packet does not split those records by fiscal year or name contractors. Do not divide $811,954,512.47 by 30. USAspending.gov remains the source.
- What should a citation of this 523920 × FY2024 cell include?
- Name Portfolio Management, NAICS 523920, FY2024, and $811,954,512.47 in one sentence. Keep the word obligations. Quote NAICS 523920 and FY2024 federal spending as parents. Do not add All industries or All spending ties into the dollar total. Recipients stay unpublished.
USAspending.gov NAICS yearlyTrend by fiscal year. Obligations are not outlays. FY figures can be incomplete for the current year.
Industry ties
Companies in the Portfolio Management industry (NAICS code 523920) have received $812.0M in federal contracts, grants, and other awards since FY2024, across 30 individual awards tracked through FY2026. The largest funding agency is Pension Benefit Guaranty Corporation ($799.3M). Spending is concentrated in District of Columbia, New Jersey, California and 7 other states. All figures below come from USAspending.gov award records.
Total Obligations
$812.0M
Total Awards
30
States
10
Last Updated
Jan 2, 2026
Yearly Spending Trend
Top 30 Awards in Portfolio Management
Largest individual obligations in NAICS 523920.
| Award | Recipient | Awarding Agency | Program | Place | FY | Obligation |
|---|---|---|---|---|---|---|
CONT_AWD_PBGC01CT160015_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO INCREMENTALLY FUND THE CONTRACT IN THE TOTAL AMOUNT OF $4,300,000.00. | PGIM, INC. New Jersey | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | NEWARK, NJ-10 | 2024 | $107,307,516 |
CONT_AWD_PBGC01CT160020_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE OPTION PERIOD NINE. | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC California | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $99,274,471 |
CONT_AWD_PBGC01CT160019_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE OPTION PERIOD NINE. | WELLINGTON MANAGEMENT COMPANY LLP Massachusetts | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $81,043,170 |
CONT_AWD_PBGC01CT170029_1665_-NONE-_-NONE- EXERCISE AND FUND OPTION PERIOD 8 | ARROWSTREET CAPITAL LP Massachusetts | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | BOSTON, MA-07 | 2024 | $52,041,071 |
CONT_AWD_PBGC01CT160021_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO INCREMENTALLY FUND OPTION PERIOD EIGHT. | WESTERN ASSET MANAGEMENT CO, LLC California | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $41,442,458 |
CONT_AWD_PBGC01CT160022_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO INCREMENTALLY FUND OPTION PERIOD EIGHT. | TCW ASSET MANAGEMENT COMPANY LLC California | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | LOS ANGELES, CA-37 | 2024 | $40,718,367 |
CONT_AWD_PBGC01CT170028_1665_-NONE-_-NONE- SUPPORT MANAGEMENT FINANCIAL | MARATHON ASSET MANAGEMENT LLP | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $32,568,974 |
CONT_AWD_PBGC01CT150040_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO EXTEND SERVICES FOR THIS CONTRACT FOR SIX MONTHS. | AQR CAPITAL MANAGEMENT LLC Connecticut | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $31,205,434 |
CONT_AWD_PBGC01CT150043_1665_-NONE-_-NONE- ADMINISTRATIVE MODIFICATION TO UPDATE COR. | SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC New York | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | NEW YORK, NY-12 | 2024 | $30,444,682 |
CONT_AWD_PBGC01CT160016_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO ADD INCREMENTAL FUNDING TO OPTION PERIOD EIGHT OF THE CONFORMED CONTRACT. | GOLDMAN SACHS ASSET MANAGEMENT, L.P New York | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $29,551,472 |
CONT_AWD_PBGC01CT150044_1665_-NONE-_-NONE- EXERCISE OPTION TO EXTEND SERVICES JUSTIFICATION: THIS CONTRACT IS CONSISTENT WITH STRATEGIC GOAL 3 OF MAINTAINING HIGH STANDARDS OF STEWARDSHIP AND ACCOUNTABILITY. ONE OF THE… | NINETY ONE NORTH AMERICA, INC. New York | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $28,358,526 |
CONT_AWD_PBGC01CT170027_1665_-NONE-_-NONE- EXERCISE OPTION PERIOD 8 | NEUBERGER BERMAN INVESTMENT ADVISERS LLC Illinois | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $27,375,709 |
CONT_AWD_PBGC01CT150041_1665_-NONE-_-NONE- DESCRIPTION: PROVIDES CID WITH INVESTMENT AND PORTFOLIO MANAGEMENT SERVICES OF INTERNATIONAL EMERGING MARKETS. JUSTIFICATION: THIS CONTRACT IS CONSISTENT WITH STRATEGIC GOAL 3 O… | LOS ANGELES CAPITAL MANAGEMENT LLC California | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $27,300,511 |
CONT_AWD_PBGC01CT150042_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO ADD THE IPP CLAUSE, ,REMOVE THE OLD INVOICE CLAUSE, AND ADD THE FASCSA CLAUSE. | INVESCO TRUST COMPANY Texas | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | NEW YORK, NY-10 | 2024 | $26,336,251 |
CONT_AWD_16PBGC22C0017_1665_-NONE-_-NONE- EXERCISE AND FUND OPTION PERIOD 8 | MARATHON ASSET MANAGEMENT LIMITED | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | — | 2024 | $25,995,751 |
CONT_AWD_PBGC01CT160035_1665_-NONE-_-NONE- EXERCISE AND FUND OPTION PERIOD 9 | PRINCIPAL REAL ESTATE INVESTORS LLC Iowa | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | DES MOINES, IA-03 | 2024 | $22,382,455 |
CONT_AWD_PBGC01CT160023_1665_-NONE-_-NONE- PORTFOLIO MANAGEMENT SERVICES | ALLSPRING GLOBAL INVESTMENTS, LLC California | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | SAN FRANCISCO, CA-11 | 2024 | $22,224,245 |
CONT_AWD_PBGC01CT160036_1665_-NONE-_-NONE- EXERCISE AND FUND OPTION PERIOD 9 | NUVEEN ASSET MANAGEMENT, LLC Illinois | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | CHICAGO, IL-07 | 2024 | $19,858,080 |
CONT_AWD_PBGC01CT160037_1665_-NONE-_-NONE- EXERCISE AND FUND OPTION PERIOD 9. | DUFF & PHELPS INVESTMENT MANAGEMENT CO Illinois | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | CHICAGO, IL-07 | 2024 | $18,944,083 |
CONT_AWD_PBGC01CT170030_1665_-NONE-_-NONE- EXERCISE AND FUND OPTION PERIOD EIGHT | BAILLIE GIFFORD OVERSEAS LIMITED | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | — | 2024 | $18,438,986 |
CONT_AWD_PBGC01CT160005_1665_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE OPTION PERIOD NINE FROM 11/1/24 THROUGH 2/28/25 OF THE CONFORMED CONTRACT. | BLACKROCK INSTITUTIONAL TRUST COMPANY NATIONAL ASSOCIATION California | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2024 | $14,233,992 |
CONT_AWD_86615719C00006_8600_-NONE-_-NONE- POST CLOSING PORTFOLIO MANAGEMENT (PCPM) SUPPORT SERVICES | SEBA PROFESSIONAL SERVICES LLC Maryland | Department of Housing and Urban Development Department of Housing and Urban Development | — | RIVERDALE, MD-04 | 2024 | $8,037,401 |
CONT_AWD_86615721C00001_8600_-NONE-_-NONE- VALIDATION OF RMCAP AND CCAP MODELS | GROVE STREET INVESTMENT, LLC Virginia | Department of Housing and Urban Development Department of Housing and Urban Development | — | ARLINGTON, VA-08 | 2024 | $3,998,249 |
CONT_AWD_16PBGC22C0010_1665_-NONE-_-NONE- SMALLER ASSET MANAGERS PILOT PROGRAM | NEW CENTURY ADVISORS LLC Maryland | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | CHEVY CHASE, MD-08 | 2024 | $1,175,711 |
CONT_AWD_16PBGC22C0009_1665_-NONE-_-NONE- FINANCIAL MANAGEMENT SERVICES (ADD IPP CLAUSE) | PUGH CAPITAL MANAGEMENT INC Washington | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | SEATTLE, WA-07 | 2024 | $1,088,936 |
CONT_AWD_9523ZY18C0214_9507_-NONE-_-NONE- ICE DATA | ICE DATA PRICING & REFERENCE DATA, LLC Massachusetts | Commodity Futures Trading Commission Commodity Futures Trading Commission | — | WASHINGTON, DC-98 | 2024 | $521,055 |
CONT_AWD_12314218P0056_1205_-NONE-_-NONE- THE PURPOSE OF THIS MODIFICATION IS TO DE OBLIGATE FUNDING, UNDER THE SUBJECT ORDER. | BUSCHER FAMILY HOLDINGS LLC Maryland | Department of Agriculture Office of the Chief Financial Officer | — | WASHINGTON, DC-98 | 2024 | $67,708 |
CONT_AWD_AG3142P170035_1205_-NONE-_-NONE- USDA DEPARTMENTAL MAILING LIST SYSTEM SOFTWARE MAINTENANCE UPGRADES AND SYSTEM SUPPORT FOR USDA OO, MAIL AND REPRODUCTION MANAGEMENT DIVISION. PERIOD OF PERFORMANCE 10/01/2016 - 0… | BUSCHER FAMILY HOLDINGS LLC Maryland | Department of Agriculture Office of the Chief Financial Officer | — | WASHINGTON, DC-98 | 2024 | $19,248 |
CONT_IDV_12C0BA22D0003_12E3 REPLACEMENT CONTRACT TO 1231ME18D0008 (IAS ISSUES) - THIS IS AN INDEFINITE DELIVERY INDEFINITE QUANTITY (IDIQ) FIXED PRICE CONTRACT AWARD FOR ESCROW FUNDS AND INVESTMENT SERVICES.… | BANK OF AMERICA, N.A Georgia | Department of Agriculture Rural Housing Service | — | — | 2024 | $0 |
CONT_AWD_16PBGC22C0015_1665_-NONE-_-NONE- EST DATE COMPLETION MODIFICATION | MARATHON ASSET MANAGEMENT LIMITED | Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation | — | WASHINGTON, DC-98 | 2025 | $0 |
Top 30 awards shown, ranked by obligated amount. Dates reflect performance period; last-modified dates match USAspending.gov. Complete listings include all transaction history going back to FY2024.
Top Recipients
View All→Spending by State
| State | Funding | Awards |
|---|---|---|
| District of Columbia | $413.0M | 14 |
| New Jersey | $107.3M | 1 |
| California | $62.9M | 2 |
| New York | $56.8M | 2 |
| Massachusetts | $52.0M | 1 |
| Illinois | $38.8M | 2 |
| Iowa | $22.4M | 1 |
| Maryland | $9.2M | 2 |
| Virginia | $4.0M | 1 |
| Washington | $1.1M | 1 |
Source: USAspending.gov · All Industries