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Maryland State Retirement & Pension System Portfolio Analytics

Investment Analysis & Holdings Breakdown

Comprehensive portfolio analytics for Maryland State Retirement & Pension System with $4.8B in long positions as of Q3 2025, 23% allocated to Technology, and 26% concentrated in top 10 positions.

Portfolio Value
$4.8B
Top 10 Concentration
26%
Top Sector
Technology (23%)
US Exposure
87%
Market Cap Focus
Large Cap
Countries
14

Composition Analysis

Portfolio breakdown by sector, industry, and market capitalization

Sector Allocation

Technology: 23.00%TechnologyEnergy: 16.50%EnergyFinancial Services: 11.20%Financial ServicesUtilities: 9.60%UtilitiesIndustrials: 7.40%Consumer Cyclical: 7.30%Communication Services: 6.30%Healthcare: 6.30%Real Estate: 4.70%Consumer Defensive: 3.20%Basic Materials: 2.60%ETF: 0.40%
Technology
23.00%
Energy
16.50%
Financial Services
11.20%
Utilities
9.60%
Industrials
7.40%
Consumer Cyclical
7.30%
Communication Services
6.30%
Healthcare
6.30%
Real Estate
4.70%
Consumer Defensive
3.20%
Basic Materials
2.60%
ETF
0.40%

Industry Breakdown

133 industries across all sectors

Oil & Gas Midstream: 13.90%Oil & Gas MidstreamSemiconductors: 8.17%SemiconductorsSoftware - Infrastructure: 6.10%Regulated Electric: 5.37%Internet Content & Information: 4.57%Consumer Electronics: 3.88%Banks - Diversified: 3.66%REIT - Specialty: 3.32%Specialty Retail: 2.78%Software - Application: 2.58%Drug Manufacturers - General: 2.34%Regulated Gas: 1.61%Financial - Credit Services: 1.59%Industrial - Machinery: 1.49%Auto - Manufacturers: 1.43%Aerospace & Defense: 1.37%Oil & Gas Integrated: 1.35%Diversified Utilities: 1.33%Insurance - Diversified: 1.18%Gold: 1.15%Asset Management: 1.04%Discount Stores: 1.01%Entertainment: 0.95%Financial - Capital Markets: 0.92%Regulated Water: 0.91%Medical - Devices: 0.89%Banks - Regional: 0.87%Telecommunications Services: 0.77%Industrial - Infrastructure Operations: 0.73%Oil & Gas Exploration & Production: 0.69%Chemicals - Specialty: 0.68%Medical - Diagnostics & Research: 0.66%101 more: 19.14%101 more
Oil & Gas Midstream
Energy
13.90%
Semiconductors
Technology
8.17%
Software - Infrastructure
Technology
6.10%
Regulated Electric
Utilities
5.37%
Internet Content & Information
Communication Services
4.57%
Consumer Electronics
Technology
3.88%
Banks - Diversified
Financial Services
3.66%
REIT - Specialty
Real Estate
3.32%
Specialty Retail
Consumer Cyclical
2.78%
Software - Application
Technology
2.58%
Drug Manufacturers - General
Healthcare
2.34%
Regulated Gas
Utilities
1.61%

Filter by Sector

Select a sector to filter industries

Market Cap Distribution

Mega Cap (> $200B): 36.67%Mega Cap (> $200B)Large Cap ($10B - $200B): 54.79%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 6.22%Small Cap ($300M - $2B): 0.67%Nano Cap (< $50M): 0.25%N/A (ETF or Unknown): 1.40%
Mega Cap (> $200B)
36.67%
Large Cap ($10B - $200B)
54.79%
Mid Cap ($2B - $10B)
6.22%
Small Cap ($300M - $2B)
0.67%
Nano Cap (< $50M)
0.25%
N/A (ETF or Unknown)
1.40%

Portfolio Concentration

Top 10 Holdings %
25.94%
Top 20 Holdings %
37.22%
Top 50 Holdings %
54.41%
Top 100 Holdings %
67.16%

Geographic Exposure

Portfolio breakdown by country of incorporation

Domestic (US)
86.58%
International
13.42%
Countries
14
Largest Int'l Market
Canada - 11.01%
United States of America
86.58% ($4.1B)
1,298 holdings
Canada
11.01% ($524.5M)
34 holdings
Netherlands
0.72% ($34.1M)
2 holdings
Ireland
0.63% ($30.1M)
11 holdings
Switzerland
0.51% ($24.3M)
4 holdings
United Kingdom
0.35% ($16.6M)
9 holdings
Bermuda
0.05% ($2.5M)
5 holdings
Korea (the Republic of)
0.04% ($2.0M)
1 holdings
South Africa
0.04% ($1.8M)
1 holdings
Singapore
0.03% ($1.4M)
2 holdings
Australia
0.03% ($1.3M)
1 holdings
Brazil
0.01% ($358.3K)
1 holdings

Holding Behavior

Investment patterns and position management analysis

Portfolio Stability & Commitment

Avg. Top 10
17.4 quarters
Avg. Top 20
17.8 quarters
Avg. All Positions
14.9 quarters
Median Holding Period
18 quarters
Persistence Rate
93.51%
Persistent Holdings Weight
98.51%
Persistent Positions
1,282
Longest Held
Insulet Corporation logo
Insulet CorporationPODD - 19 quarters

Position Sizing & Influence

Current Quarter

Avg. New Position
0.01%
Avg. Position Weight
0.07%
Largest Position
Nvidia Corp logo
Nvidia CorpNVDA - 4.56%
Largest Ownership Stake
TC Energy Corporation logo
TC Energy CorporationTRP - 0.13%
Avg. Ownership Stake
0.03%
Ownership Stake >5%
0
Ownership Stake >1%
0

Historical (Since Q4 2020)

Avg. New Position
0.07%
Avg. Ownership Stake
0.02%
Largest Position
Apple Inc. logo
Apple Inc.AAPL - 13.90% (Q3 2022)
Largest Ownership Stake
PEMBINA PIPELINE CORPORATION logo
PEMBINA PIPELINE CORPORATIONPBA - 0.15% (Q2 2023)

Portfolio Turnover

Current Quarter

Turnover Ratio
4.1%
Value Traded
$195.43M
Positions Added
15
Positions Exited
143

Historical (Since Q4 2020)

Avg. Turnover Ratio
13.4%
Avg. Positions Added
103
Avg. Positions Exited
92
Highest Turnover
77.9%
Q3 2022
Lowest Turnover
1.4%
Q4 2021

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