Maryland State Retirement & Pension System
BALTIMORE, MD
$5.8bn in 1,423 US stocks at the end of 30 June 2026. The top 10 are 23.3% of the money. It changed about 10.7% of the portfolio this quarter.
Value
$5.8bn
Stocks
1,423
Top 10 share
23.3%
Turnover
10.7%
What changed this quarter
New
Bought for the first time this quarter.
- Space Exploration TechnologiesSPCX<0.1% of the fund
- Bloom EnergyBE<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- IamgoldIAG<0.1% of the fund
- Descartes Systems GroupDSGX<0.1% of the fund
- FlexFLEX<0.1% of the fund
- Hudbay MineralsHBM<0.1% of the fund
- CarnivalCCL<0.1% of the fund
- CoreWeaveCRWV<0.1% of the fund
- Sterling InfrastructureSTRL<0.1% of the fund
- WaterBridge InfrastructureWBI<0.1% of the fund
- FabrinetFN<0.1% of the fund
- TTM TechnologiesTTMI<0.1% of the fund
- Guardant HealthGH<0.1% of the fund
- IonQIONQ<0.1% of the fund
- DuPont de NemoursDD<0.1% of the fund
- NextpowerNXT<0.1% of the fund
- Coeur MiningCDE<0.1% of the fund
- SitimeSITM<0.1% of the fund
- LazardLAZ<0.1% of the fund
- FedEx Freight Holding CompanyFDXF<0.1% of the fund
- Campbell'sCPB<0.1% of the fund
- Dycom IndustriesDY<0.1% of the fund
- LiquidiaLQDA<0.1% of the fund
Added
Bought more of a stock they already held.
- NvidiaNVDA4.3% of the fund+7%
- AppleAAPL3.9% of the fund+7%
- MicrosoftMSFT2.6% of the fund+7%
- Amazon.comAMZN2.1% of the fund+8%
- AlphabetGOOGL1.9% of the fund+7%
- BroadcomAVGO1.6% of the fund+8%
- Williams CompaniesWMB1.6% of the fund+5%
- AlphabetGOOG1.5% of the fund+8%
- American TowerAMT1.3% of the fund+5%
- Micron TechnologyMU1.2% of the fund+8%
- Meta PlatformsMETA1.1% of the fund+8%
- TeslaTSLA1.1% of the fund+11%
- Kinder MorganKMI1.1% of the fund+5%
- SempraSRE1.0% of the fund+5%
- Targa ResourcesTRGP1.0% of the fund+5%
- Energy Transfer L PET1.0% of the fund+5%
- OneokOKE0.9% of the fund+5%
- Eli LillyLLY0.9% of the fund+7%
- Advanced Micro DevicesAMD0.9% of the fund+8%
- Enterprise Products Partners L.P.EPD0.9% of the fund+5%
- Cheniere EnergyLNG0.9% of the fund+3%
- Berkshire HathawayBRK-B0.9% of the fund+8%
- ExelonEXC0.8% of the fund+5%
- JPMorgan ChaseJPM0.8% of the fund+5%
- Marathon PetroleumMPC0.7% of the fund+956%
Cut
Sold some of their stake.
- EnbridgeENB2.4% of the fund-11%
- TC EnergyTRP1.4% of the fund-11%
- Pembina PipelinePBA0.5% of the fund-12%
- Canadian Imperial Bank of Commerce /canCM0.3% of the fund-4%
- Barrick MiningB0.2% of the fund-33%
- Suncor EnergySU0.2% of the fund-32%
- Agnico Eagle MinesAEM0.2% of the fund-55%
- South BowSOBO0.1% of the fund-12%
- NutrienNTR0.1% of the fund-4%
- Kinross GoldKGC0.1% of the fund-21%
- SalesforceCRM0.1% of the fund-6%
- Cenovus EnergyCVE<0.1% of the fund-36%
- Magna InternationalMGA<0.1% of the fund-19%
- Teck ResourcesTECK<0.1% of the fund-14%
- Imperial OilIMO<0.1% of the fund-44%
- Sunbelt Rentals HoldingsSUNB<0.1% of the fund-52%
- Everus Construction GroupECG<0.1% of the fund-3%
- Ishares TREFV<0.1% of the fund-35%
- QorvoQRVO<0.1% of the fund-4%
- EtsyETSY<0.1% of the fund-3%
- LyftLYFT<0.1% of the fund-3%
- Paycom SoftwarePAYC<0.1% of the fund-11%
- TG TherapeuticsTGTX<0.1% of the fund-3%
- Versant Media GroupVSNT<0.1% of the fund-2%
- VSEVSEC<0.1% of the fund-3%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- SeaSE-100%
- West Fraser TimberWFG-100%
- Carnival-100%
- Coterra EnergyCTRA-100%
- Air Lease-100%
- Sealed Air Corp New-100%
- Ishares TRIJR-100%
- DuPont de NemoursDD-100%
- Apellis Pharmaceuticals-100%
- Hologic-100%
- TRI Pointe Homes-100%
- Masimo-100%
- CSG SYS Intl-100%
- Janus Henderson Group-100%
- Clearway EnergyCWEN-100%
- Inspire Medical SystemsINSP-100%
- Liberty BroadbandLBRDK-100%
- EverforthEFOR-100%
- ExlService HoldingsEXLS-100%
- EnviriNVRI-100%
- Grand Canyon EducationLOPE-100%
- WestlakeWLK-100%
- Veris Residential INC.com-100%
- ArtivionAORT-100%
Holdings
- TC EnergyTRP
- Share
- 1.4%
- Value
- $82m
- Shares
- 1,244,456
-11%
- Energy Transfer L PET
- Share
- 1.0%
- Value
- $57m
- Shares
- 2,999,375
+5%
- FortisFTS
- Share
- 0.6%
- Value
- $36m
- Shares
- 621,346
Held
- Royal Bank of CanadaRY
- Share
- 0.6%
- Value
- $33m
- Shares
- 160,116
Held
- Toronto Dominion BankTD
- Share
- 0.5%
- Value
- $29m
- Shares
- 241,034
Held
- Pembina PipelinePBA
- Share
- 0.5%
- Value
- $29m
- Shares
- 628,603
-12%
- Mplx LPMPLX
- Share
- 0.3%
- Value
- $20m
- Shares
- 355,372
+5%
- Canadian Natural ResourcesCNQ
- Share
- 0.3%
- Value
- $20m
- Shares
- 497,975
+49%
- Bank of Montreal /canBMO
- Share
- 0.3%
- Value
- $19m
- Shares
- 108,177
+35%
- Ishares TREFA
- Share
- 0.3%
- Value
- $19m
- Shares
- 180,946
+142%
- Bank of Nova ScotiaBNS
- Share
- 0.3%
- Value
- $19m
- Shares
- 214,814
+5%
- Canadian Imperial Bank of Commerce /canCM
- Share
- 0.3%
- Value
- $17m
- Shares
- 148,158
-4%
- Companhia de Saneamento BasiSBS
- Share
- 0.3%
- Value
- $17m
- Shares
- 2,880,797
+36%
- Barrick MiningB
- Share
- 0.2%
- Value
- $13m
- Shares
- 362,804
-33%
- Suncor EnergySU
- Share
- 0.2%
- Value
- $11m
- Shares
- 213,734
-32%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 4.3% | $251m | 1,253,858 | +7% |
| AppleAAPL | 3.9% | $225m | 777,141 | +7% |
| MicrosoftMSFT | 2.6% | $149m | 399,389 | +7% |
| EnbridgeENB | 2.4% | $141m | 2,608,729 | -11% |
| Amazon.comAMZN | 2.1% | $124m | 521,524 | +8% |
| AlphabetGOOGL | 1.9% | $112m | 313,278 | +7% |
| BroadcomAVGO | 1.6% | $94m | 250,143 | +8% |
| Williams CompaniesWMB | 1.6% | $91m | 1,224,447 | +5% |
| AlphabetGOOG | 1.5% | $90m | 255,665 | +8% |
| TC EnergyTRP | 1.4% | $82m | 1,244,456 | -11% |
| American TowerAMT | 1.3% | $76m | 466,562 | +5% |
| Micron TechnologyMU | 1.2% | $70m | 60,625 | +8% |
| Meta PlatformsMETA | 1.1% | $67m | 118,220 | +8% |
| TeslaTSLA | 1.1% | $66m | 157,119 | +11% |
| Kinder MorganKMI | 1.1% | $63m | 1,960,003 | +5% |
| SempraSRE | 1.0% | $61m | 654,670 | +5% |
| Targa ResourcesTRGP | 1.0% | $58m | 214,596 | +5% |
| Energy Transfer L PET | 1.0% | $57m | 2,999,375 | +5% |
| OneokOKE | 0.9% | $55m | 631,175 | +5% |
| Eli LillyLLY | 0.9% | $52m | 42,948 | +7% |
| Advanced Micro DevicesAMD | 0.9% | $51m | 87,312 | +8% |
| Enterprise Products Partners L.P.EPD | 0.9% | $50m | 1,373,237 | +5% |
| Cheniere EnergyLNG | 0.9% | $50m | 209,979 | +3% |
| Berkshire HathawayBRK-B | 0.9% | $50m | 100,185 | +8% |
| ExelonEXC | 0.8% | $48m | 1,023,282 | +5% |
| JPMorgan ChaseJPM | 0.8% | $47m | 143,851 | +5% |
| Marathon PetroleumMPC | 0.7% | $41m | 161,451 | +956% |
| Consolidated EdisonED | 0.7% | $41m | 369,358 | +7% |
| Valero EnergyVLO | 0.7% | $41m | 155,975 | +921% |
| FerrovialFER | 0.7% | $40m | 591,089 | Held |
| Phillips 66PSX | 0.6% | $38m | 222,129 | +1002% |
| Pg&ePCG | 0.6% | $37m | 2,207,392 | +6% |
| FortisFTS | 0.6% | $36m | 621,346 | Held |
| Royal Bank of CanadaRY | 0.6% | $33m | 160,116 | Held |
| Crown CastleCCI | 0.6% | $33m | 436,971 | +6% |
| IntelINTC | 0.6% | $33m | 236,091 | +7% |
| Johnson & JohnsonJNJ | 0.6% | $33m | 129,702 | +7% |
| AstrazenecaAZN | 0.6% | $32m | 171,841 | Held |
| Applied MaterialsAMAT | 0.5% | $31m | 42,680 | +7% |
| ExxonMobil HoldingsXOM | 0.5% | $31m | 224,046 | +5% |
| VisaV | 0.5% | $30m | 88,893 | +5% |
| Toronto Dominion BankTD | 0.5% | $29m | 241,034 | Held |
| Lam ResearchLRCX | 0.5% | $29m | 67,294 | +7% |
| Pembina PipelinePBA | 0.5% | $29m | 628,603 | -12% |
| Centerpoint EnergyCNP | 0.5% | $29m | 654,087 | +5% |
| Atmos EnergyATO | 0.5% | $29m | 167,136 | +6% |
| Edison InternationalEIX | 0.5% | $29m | 385,130 | +5% |
| UBS Group AGUBS | 0.5% | $28m | 572,521 | +61% |
| Eversource EnergyES | 0.5% | $27m | 377,225 | +6% |
| WalmartWMT | 0.5% | $27m | 236,361 | +8% |
| CaterpillarCAT | 0.4% | $26m | 24,464 | +5% |
| TotalEnergies SETTE | 0.4% | $26m | 333,712 | +2% |
| American Water Works CompanyAWK | 0.4% | $26m | 195,521 | +5% |
| ShopifySHOP | 0.4% | $25m | 221,810 | +23% |
| Cisco SystemsCSCO | 0.4% | $25m | 212,784 | +6% |
| AbbVieABBV | 0.4% | $24m | 95,359 | +7% |
| NisourceNI | 0.4% | $23m | 479,268 | +5% |
| Costco WholesaleCOST | 0.4% | $22m | 23,905 | +7% |
| MastercardMA | 0.4% | $22m | 43,517 | +7% |
| KLAKLAC | 0.4% | $21m | 70,496 | +7% |
| General ElectricGE | 0.4% | $21m | 55,652 | +7% |
| Bank of AmericaBAC | 0.3% | $20m | 356,355 | +8% |
| UnitedHealth GroupUNH | 0.3% | $20m | 48,656 | +7% |
| Mplx LPMPLX | 0.3% | $20m | 355,372 | +5% |
| Canadian Natural ResourcesCNQ | 0.3% | $20m | 497,975 | +49% |
| Bank of Montreal /canBMO | 0.3% | $19m | 108,177 | +35% |
| Home DepotHD | 0.3% | $19m | 53,762 | +8% |
| Ishares TREFA | 0.3% | $19m | 180,946 | +142% |
| SBA CommunicationsSBAC | 0.3% | $19m | 105,785 | +4% |
| Bank of Nova ScotiaBNS | 0.3% | $19m | 214,814 | +5% |
| Procter & GamblePG | 0.3% | $18m | 125,686 | +7% |
| SandiskSNDK | 0.3% | $18m | 7,846 | +9% |
| MerckMRK | 0.3% | $17m | 133,373 | +7% |
| GE VernovaGEV | 0.3% | $17m | 14,509 | +7% |
| Canadian Imperial Bank of Commerce /canCM | 0.3% | $17m | 148,158 | -4% |
| Coca-ColaKO | 0.3% | $17m | 209,527 | +7% |
| Companhia de Saneamento BasiSBS | 0.3% | $17m | 2,880,797 | +36% |
| ChevronCVX | 0.3% | $17m | 100,027 | +6% |
| NetflixNFLX | 0.3% | $16m | 226,199 | +6% |
| Goldman Sachs GroupGS | 0.3% | $16m | 15,550 | +5% |
| Philip Morris InternationalPM | 0.3% | $15m | 84,109 | +7% |
| DT MidstreamDTM | 0.3% | $15m | 101,782 | +6% |
| Palo Alto NetworksPANW | 0.3% | $15m | 43,256 | +8% |
| Texas InstrumentsTXN | 0.3% | $15m | 49,059 | +8% |
| International Business MachinesIBM | 0.2% | $14m | 50,760 | +9% |
| Palantir TechnologiesPLTR | 0.2% | $14m | 119,808 | +9% |
| Marvell TechnologyMRVL | 0.2% | $14m | 46,823 | +11% |
| RTXRTX | 0.2% | $14m | 72,779 | +8% |
| Wells Fargo & CompanyWFC | 0.2% | $14m | 165,273 | +6% |
| OracleORCL | 0.2% | $14m | 92,472 | +10% |
| Barrick MiningB | 0.2% | $13m | 362,804 | -33% |
| LindeLIN | 0.2% | $13m | 24,887 | +5% |
| CitigroupC | 0.2% | $13m | 91,938 | +5% |
| Morgan StanleyMS | 0.2% | $13m | 60,485 | +6% |
| Pacific Airport GroupPAC | 0.2% | $13m | 49,768 | +36% |
| Western DigitalWDC | 0.2% | $12m | 18,251 | +7% |
| AmphenolAPH | 0.2% | $12m | 65,583 | +7% |
| Suncor EnergySU | 0.2% | $11m | 213,734 | -32% |
| CorningGLW | 0.2% | $11m | 42,711 | +10% |
| Essential UtilitiesWTRG | 0.2% | $11m | 284,005 | +6% |
Showing the largest 100 of 1,423.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 27.8% since 30 June 2025.
Where the money is
Technology24.2%
Energy13.8%
Utilities11.1%
Financial services10.9%
Industrials8.1%
Health care7.0%
Retail & consumer6.6%
Media & telecom6.1%
Real estate3.9%
Everyday goods2.9%
Materials2.6%
Other2.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.