Maryland State Retirement & Pension System

Pension

CIK

1795552

Location

BALTIMORE, MD

Portfolio Value

Mid $4,826,343,608

Diversification

Diversified

Filing Date

Global Rank

#685 / 8,622 ▲ 34 · as of Mar 2026

Top Industry

Oil & Gas Midstream 16.0%

3Y Alpha vs SPY

-2.6%

Period ended 4 months ago

Filed May 4, 2026 · 3mo

22 quarters · since Dec 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+62.9%

SPY

+67.9%

Annualised alpha

-1.2%

Max drawdown

−16.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

1,335 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.2%

−0.3 pts

Top 5

16.3%

−1.4 pts

Top 10

24.6%

−1.4 pts

HHI

101

Diversified−8

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	20.7%	$997,081,692	201
Energy	20.2%	$976,884,978	79
Financial Services	10.8%	$520,702,293	211
Utilities	10.3%	$496,275,102	56
Industrials	7.9%	$380,396,397	204
Healthcare	7.4%	$357,348,907	149
Consumer Cyclical	6.9%	$331,805,774	166
Communication Services	4.9%	$238,087,114	42
Real Estate	4.2%	$203,424,063	98
Basic Materials	3.4%	$162,676,791	63
Consumer Defensive	3.3%	$160,147,480	65
Unclassified	0.0%	$1,513,017	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ENB	Enbridge Inc	+196,349	2,919,694	$158,072,233
TRP	Tc Energy Corp	+93,054	1,392,122	$87,146,837
RITM	Rithm Capital Corp.	+81,491	105,762	$1,002,623
ADT	ADT Inc.	+73,851	99,303	$652,420
LYFT	Lyft, Inc.	+58,008	78,569	$1,044,967
TTE	TotalEnergies SE	+48,698	326,985	$29,749,095
PBA	Pembina Pipeline Corp	+47,973	712,792	$31,904,569
FTS	Fortis Inc.	+43,774	621,224	$34,658,086
FER	Ferrovial N.V.	+39,694	593,034	$38,576,861
GTM	ZoomInfo Technologies Inc.	+38,954	52,235	$312,365
MTCH	Match Group, Inc.	+34,440	46,628	$1,431,945
UBS	UBS Group AG	+24,132	355,549	$13,891,299
HBAN	Huntington Bancshares Inc /Md/	+20,621	100,669	$1,575,469
LW	Lamb Weston Holdings, Inc.	+20,241	26,882	$1,136,033
SOBO	South Bow Corp	+17,562	255,294	$8,506,396
DCH	Dauch Corp	+17,404	34,646	$205,450
SM	SM Energy Co	+16,135	33,014	$1,029,376
FITB	Fifth Third Bancorp	+12,830	45,404	$2,109,469
BN	BROOKFIELD Corp /ON/	+11,797	249,707	$10,105,642
MFC	Manulife Financial Corp	+11,315	190,135	$6,548,249
RY	Royal Bank Of Canada	+10,080	158,391	$25,624,495
MOH	Molina Healthcare, Inc.	+7,513	10,163	$1,354,727
PIPR	Piper Sandler Companies	+7,422	9,872	$755,701
PAYC	Paycom Software, Inc.	+7,125	9,505	$1,155,237
PANW	Palo Alto Networks Inc	+6,170	39,926	$6,400,936
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ET	Energy Transfer LP	−129,983	2,849,140	$54,988,402
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	−112,838	425,215	$12,973,309
PCG	PG&E Corp	−90,326	2,091,707	$36,751,291
KMI	Kinder Morgan, Inc.	−78,665	1,863,368	$62,478,729
BTG	B2gold Corp	−75,036	609,520	$2,761,125
KGC	Kinross Gold Corp	−62,439	372,270	$11,361,680
EPD	Enterprise Products Partners L.P.	−59,389	1,307,298	$49,468,156
WMB	Williams Companies, Inc.	−49,929	1,162,444	$84,602,674
B	Barrick Mining Corp	−41,456	538,927	$21,982,832
CVE	Cenovus Energy Inc.	−38,078	249,834	$6,628,096
EXC	Exelon Corp	−30,390	973,654	$47,728,519
BIPC	Brookfield Infrastructure Corp	−27,977	107,589	$4,251,917
SRE	Sempra	−25,735	622,014	$60,441,100
OKE	Oneok Inc /New/	−25,730	598,447	$54,093,624
CNP	Centerpoint Energy Inc	−25,682	621,246	$26,812,977
SOLS	Solstice Advanced Materials Inc.	−23,250	7,936	$604,405
SU	Suncor Energy Inc	−20,399	312,991	$20,691,835
PAA	Plains All American Pipeline LP	−19,883	418,862	$9,353,188
AMT	American Tower Corp /Ma/	−18,705	446,060	$76,981,034
CCI	Crown Castle Inc.	−18,007	414,177	$33,676,731
NI	Nisource Inc.	−16,662	455,767	$21,266,088
AM	Antero Midstream Corp	−16,087	313,421	$7,145,998
ES	Eversource Energy	−15,557	356,635	$24,707,672
MPLX	Mplx LP	−15,415	339,111	$19,353,064
EIX	Edison International	−15,394	366,061	$26,788,343
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	169,590	$33,446,539
SUNB	Sunbelt Rentals Holdings, Inc.	47,235	$3,074,526
AGX	Argan Inc	2,025	$1,102,916
VSNT	Versant Media Group, Inc.	28,416	$1,051,960
LYB	LyondellBasell Industries N.V.	12,772	$1,028,912
AMCR	Amcor plc	22,120	$879,270
APLS	Apellis Pharmaceuticals, Inc.	20,816	$837,427
VSEC	Vse Corp	4,196	$773,742
MDLN	Medline Inc.	16,437	$731,446
LAUR	Laureate Education, Inc.	19,525	$680,251
PNFP	Pinnacle Financial Partners, Inc.	7,489	$645,102
LTH	Life Time Group Holdings, Inc.	22,138	$596,397
RNG	RingCentral, Inc.	15,705	$584,068
INDV	Indivior Pharmaceuticals, Inc.	18,269	$556,839
CRCL	Circle Internet Group, Inc.	5,663	$540,306
LIF	Life360, Inc.	11,443	$467,103
SPHR	Sphere Entertainment Co.	3,867	$453,985
UCTT	Ultra Clean Holdings, Inc.	6,632	$412,377
QGEN	Qiagen N.V.	9,645	$386,185
KMPR	KEMPER Corp	11,413	$348,781
RYN	Rayonier Inc	15,055	$310,434
AMRX	Amneal Pharmaceuticals, Inc.	24,965	$310,314
COCO	Vita Coco Company, Inc.	6,422	$307,678
SARO	StandardAero, Inc.	11,746	$303,399
AVT	Avnet Inc	4,153	$255,907
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ARWR	Arrowhead Pharmaceuticals, Inc.	20,241	$1,343,799
IDCC	InterDigital, Inc.	3,769	$1,199,974
CTRE	CareTrust REIT, Inc.	32,860	$1,188,217
AEIS	Advanced Energy Industries Inc	5,530	$1,157,816
SITM	SITIME Corp	3,209	$1,133,386
FLEX	Flex Ltd.	18,526	$1,119,340
TTMI	Ttm Technologies Inc	15,117	$1,043,073
MOG-A	Moog Inc.	4,158	$1,012,680
EXAS	EXACT SCIENCES CORP	9,626	$977,616
NVT	nVent Electric plc	7,720	$787,208
TGNA	TEGNA INC	23,466	$455,475
VICR	Vicor Corp	3,323	$364,200
DUOL	Duolingo, Inc.	1,827	$320,638
CPB	CAMPBELL'S Co	10,963	$305,538
DOCS	Doximity, Inc.	6,541	$289,635
QDEL	QuidelOrtho Corp	9,896	$282,629
PRGS	Progress Software Corp /Ma	6,269	$269,316
GSHD	Goosehead Insurance, Inc.	3,651	$268,896
HLNE	Hamilton Lane INC	1,942	$260,830
BILL	BILL Holdings, Inc.	4,711	$256,937
OLED	Universal Display Corp \Pa\	2,180	$254,580
PEGA	Pegasystems Inc	4,226	$252,376
GTLB	Gitlab Inc.	6,700	$251,451
RYAN	Ryan Specialty Holdings, Inc.	4,782	$246,894
APPF	Appfolio Inc	1,059	$246,376
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,335 tracked positions · $4,826,343,608 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,335 positions by value · page 1 of 27

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	1,175,902	+4,952	$205,077,308	−6.1%	4.25%
AAPL	Apple Inc. Technology	Reduced	723,806	-5,697	$183,694,724	−7.4%	3.81%
ENB	Enbridge Inc Energy	Added	2,919,694	+196,349	$158,072,233	+21.4%	3.28%
MSFT	Microsoft Corp Technology	Added	372,592	+1,376	$137,922,380	−23.2%	2.86%
AMZN	Amazon Com Inc Consumer Cyclical	Added	481,953	+1,984	$100,376,351	−9.4%	2.08%
TRP	Tc Energy Corp Energy	Added	1,392,122	+93,054	$87,146,837	+21.9%	1.81%
WMB	Williams Companies, Inc. Energy	Reduced	1,162,444	-49,929	$84,602,674	+16.1%	1.75%
GOOGL	Alphabet Inc. Communication Services	Added	291,969	+1,048	$83,958,605	−7.8%	1.74%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	446,060	-18,705	$76,981,034	−5.7%	1.60%
AVGO	Broadcom Inc. Technology	Added	231,947	+909	$71,789,915	−10.2%	1.49%
META	Meta Platforms, Inc. Communication Services	Added	109,650	+418	$62,734,054	−13.0%	1.30%
KMI	Kinder Morgan, Inc. Energy	Reduced	1,863,368	-78,665	$62,478,729	+17.0%	1.29%
SRE	Sempra Utilities	Reduced	622,014	-25,735	$60,441,100	+5.7%	1.25%
LNG	Cheniere Energy, Inc. Energy	Reduced	204,795	-9,022	$58,112,629	+39.8%	1.20%
ET	Energy Transfer LP Energy	Reduced	2,849,140	-129,983	$54,988,402	+11.9%	1.14%
OKE	Oneok Inc /New/ Energy	Reduced	598,447	-25,730	$54,093,624	+17.9%	1.12%
TSLA	Tesla, Inc. Consumer Cyclical	Added	141,690	+553	$52,673,257	−17.0%	1.09%
TRGP	Targa Resources Corp. Energy	Reduced	204,295	-8,626	$51,222,885	+30.4%	1.06%
EPD	Enterprise Products Partners L.P. Energy	Reduced	1,307,298	-59,389	$49,468,156	+12.9%	1.02%
EXC	Exelon Corp Utilities	Reduced	973,654	-30,390	$47,728,519	+9.1%	0.99%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	92,781	+565	$44,460,655	−4.1%	0.92%
JPM	Jpmorgan Chase & Co Financial Services	Added	136,675	+629	$40,204,318	−8.3%	0.83%
ED	Consolidated Edison Inc Utilities	Reduced	343,781	-14,775	$38,909,133	+9.3%	0.81%
FER	Ferrovial N.V. Industrials	Added	593,034	+39,694	$38,576,861	+7.9%	0.80%
LLY	ELI LILLY & Co Healthcare	Added	40,211	+132	$36,984,871	−14.1%	0.77%
PCG	PG&E Corp Utilities	Reduced	2,091,707	-90,326	$36,751,291	+4.8%	0.76%
XOM	ExxonMobil Holdings Corp Energy	Added	212,591	+999	$36,068,189	+41.6%	0.75%
FTS	Fortis Inc. Utilities	Added	621,224	+43,774	$34,658,086	+15.6%	0.72%
CCI	Crown Castle Inc. Real Estate	Reduced	414,177	-18,007	$33,676,731	−12.3%	0.70%
AZN	Astrazeneca PLC Healthcare	NEW	169,590	NEW	$33,446,539	NEW	0.69%
PBA	Pembina Pipeline Corp Energy	Added	712,792	+47,973	$31,904,569	+26.1%	0.66%
TTE	TotalEnergies SE Energy	Added	326,985	+48,698	$29,749,095	+63.4%	0.62%
JNJ	Johnson & Johnson Healthcare	Added	121,124	+900	$29,607,550	+19.0%	0.61%
ATO	Atmos Energy Corp Utilities	Reduced	157,038	-2,189	$29,008,059	+8.7%	0.60%
WMT	Walmart Inc. Consumer Defensive	Added	218,346	+373	$27,136,040	+11.7%	0.56%
CNP	Centerpoint Energy Inc Utilities	Reduced	621,246	-25,682	$26,812,977	+8.1%	0.56%
EIX	Edison International Utilities	Reduced	366,061	-15,394	$26,788,343	+17.0%	0.56%
RY	Royal Bank Of Canada Financial Services	Added	158,391	+10,080	$25,624,495	+1.3%	0.53%
V	Visa Inc. Financial Services	Added	84,743	+500	$25,612,724	−13.3%	0.53%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	125,320	-7,393	$25,437,453	+13.1%	0.53%
AWK	American Water Works Company, Inc. Utilities	Reduced	185,826	-7,656	$25,289,060	+0.2%	0.52%
ES	Eversource Energy Utilities	Reduced	356,635	-15,557	$24,707,672	−1.4%	0.51%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	22,351	+120	$22,271,206	+16.2%	0.46%
TD	Toronto Dominion Bank Financial Services	Added	237,776	+3,475	$22,186,878	+0.5%	0.46%
B	Barrick Mining Corp Basic Materials	Reduced	538,927	-41,456	$21,982,832	−13.0%	0.46%
SHOP	Shopify Inc. Technology	Added	180,494	+2,140	$21,410,198	−25.4%	0.44%
NI	Nisource Inc. Utilities	Reduced	455,767	-16,662	$21,266,088	+7.8%	0.44%
SU	Suncor Energy Inc Energy	Reduced	312,991	-20,399	$20,691,835	+39.9%	0.43%
NFLX	Netflix Inc Communication Services	Added	212,922	+492	$20,472,450	+2.8%	0.42%
MA	Mastercard Inc Financial Services	Added	40,517	+267	$20,244,724	−11.9%	0.42%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.