01 / NAICS Market Profile
NAICS 523920 Portfolio Management Federal Contracts
North American Industry Classification System code 523920
Federal contract activity classified under Portfolio Management across FY 2020–FY 2026. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the NAICS 523920 federal market?
03 / Spending Trend
NAICS 523920 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2020–FY 2026 profile window.
Latest closed fiscal year$34.81M
FY 2026| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2020 | $101.16M | 106 | 31 | 5 | — |
| FY 2021 | $102.17M | 138 | 32 | 5 | +1.0% |
| FY 2022 | $111.23M | 118 | 30 | 4 | +8.9% |
| FY 2023 | $80.59M | 66 | 28 | 5 | −27.6% |
| FY 2024 | $44.82M | 75 | 27 | 4 | −44.4% |
| FY 2025 | $70.88M | 40 | 22 | 3 | +58.1% |
| FY 2026 | $34.81M | 97 | 20 | 1 | −50.9% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2020–FY 2026.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORPORATION | 1665 | $537.19M | 581 | 28 | 98.4% |
| HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | 8600 | $8.07M | 32 | 3 | 1.5% |
| COMMODITY FUTURES TRADING COMMISSION | 9507 | $396.4K | 11 | 1 | 0.1% |
| USDA, DEPARTMENTAL ADMINISTRATION | 1205 | $31.5K | 12 | 1 | 0.0% |
| SECURITIES AND EXCHANGE COMMISSION | 5000 | -$34.3K | 4 | 2 | 0.0% |
05 / Contracting Offices
Which contracting offices buy in NAICS 523920?
Ranked by net obligations during FY 2020–FY 2026.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORP | 16PBGC | PENSION BENEFIT GUARANTY CORPORATION | $537.19M | 581 | 28 | 98.4% |
| CPO : RESEARCH AND COMMUNITY SUPPOR | 866157 | HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | $8.07M | 32 | 3 | 1.5% |
| COMMODITY FUTURES TRADING COMM | 9523ZY | COMMODITY FUTURES TRADING COMMISSION | $396.4K | 11 | 1 | 0.1% |
| USDA, OCP-POD-ACQ-MGMT-BRANCH-FTC | 123144 | USDA, DEPARTMENTAL ADMINISTRATION | $31.5K | 12 | 1 | 0.0% |
| SECURITIES AND EXCHANGE COMMISSION | 503102 | SECURITIES AND EXCHANGE COMMISSION | -$34.3K | 4 | 2 | 0.0% |
06 / Top Vendors
Which contractors lead the NAICS 523920 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | $76.97M | 34 | 1 | 14.1% | May 13, 2026 |
| PRUDENTIAL INVESTMENT MANAGEMENT, INC. | $69.68M | 30 | 1 | 12.8% | May 19, 2026 |
| ARROWSTREET CAPITAL LTD PARTNERSHIP | $54.70M | 31 | 1 | 10.0% | Sep 15, 2026 |
| WELLINGTON MANAGEMENT COMPANY LLP | $51.62M | 38 | 1 | 9.5% | Jul 13, 2026 |
| MARATHON ASSET MANAGEMENT LIMITED | $30.21M | 17 | 1 | 5.5% | Aug 10, 2026 |
| TCW ASSET MANAGEMENT COMPANY | $29.60M | 33 | 1 | 5.4% | Sep 29, 2026 |
| WELLS CAPITAL MANAGEMENT INCORPORATED | $28.72M | 33 | 1 | 5.3% | Jul 31, 2026 |
| WESTERN ASSET MANAGEMENT COMPANY | $24.43M | 26 | 1 | 4.5% | Nov 25, 2025 |
| GOLDMAN SACHS ASSET MANAGEMENT, L.P. | $21.96M | 32 | 1 | 4.0% | May 20, 2026 |
| NEUBERGER BERMAN INVESTMENT ADVISERS LLC | $19.60M | 18 | 1 | 3.6% | May 13, 2026 |
07 / Product and Service Mix
What products and services are purchased under NAICS 523920?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $537.16M | 584 | 29 | 98.4% |
| R411 | SUPPORT- PROFESSIONAL: REAL PROPERTY APPRAISALS | $4.00M | 10 | 1 | 0.7% |
| R799 | SUPPORT- MANAGEMENT: OTHER | $3.92M | 20 | 2 | 0.7% |
| D318 | IT AND TELECOM- INTEGRATED HARDWARE/SOFTWARE/SERVICES SOLUTIONS, PREDOMINANTLY SERVICES | $400.8K | 9 | 1 | 0.1% |
| R704 | SUPPORT- MANAGEMENT: AUDITING | $154.9K | 2 | 1 | 0.0% |
| D301 | IT AND TELECOM- FACILITY OPERATION AND MAINTENANCE | $31.5K | 12 | 1 | 0.0% |
| R424 | SUPPORT- PROFESSIONAL: EXPERT WITNESS | $0 | 1 | 1 | 0.0% |
| 7030 | INFORMATION TECHNOLOGY SOFTWARE | -$4.4K | 2 | 1 | 0.0% |
08 / Buying Pattern
How does the government buy in NAICS 523920?
| Common action type | Obligations | Actions |
|---|---|---|
| DEFINITIVE CONTRACT | $545.76M | 622 |
| PURCHASE ORDER | -$107.9K | 18 |
09 / Recent Contract Awards
What was awarded most recently in NAICS 523920?
10 / Market Interpretation
How should contractors evaluate this market?
Start with the spending direction
Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.
Follow the actual buyers
Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.
Measure accessible demand
Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $545.66M market as addressable.