01 / NAICS Market Profile
NAICS 523940 Portfolio Management And Investment Advice Federal Contracts
North American Industry Classification System code 523940
Federal contract activity classified under Portfolio Management And Investment Advice across FY 2020–FY 2026. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the NAICS 523940 federal market?
03 / Spending Trend
NAICS 523940 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2020–FY 2026 profile window.
Latest closed fiscal year$37.21M
FY 2026| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2020 | $0 | 0 | 0 | 0 | — |
| FY 2021 | $0 | 0 | 0 | 0 | — |
| FY 2022 | $0 | 0 | 0 | 0 | — |
| FY 2023 | $1.35M | 4 | 4 | 1 | — |
| FY 2024 | $8.04M | 33 | 13 | 4 | +495.2% |
| FY 2025 | $6.96M | 12 | 8 | 2 | −13.4% |
| FY 2026 | $37.21M | 83 | 24 | 6 | +434.7% |
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 | $47.98M | 104 | 19 | 89.6% |
| UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION | 7700 | $2.66M | 10 | 3 | 5.0% |
| HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | 8600 | $2.61M | 8 | 1 | 4.9% |
| DEPT OF THE AIR FORCE | 5700 | $150.0K | 1 | 1 | 0.3% |
| SECURITIES AND EXCHANGE COMMISSION | 5000 | $79.8K | 1 | 1 | 0.1% |
| BUREAU OF THE FISCAL SERVICE | 2036 | $40.0K | 2 | 1 | 0.1% |
| USDA, DEPARTMENTAL ADMINISTRATION | 1205 | $32.8K | 5 | 2 | 0.1% |
| TREASURY COMMON SERVICES CENTER | 2099 | $0 | 1 | 1 | 0.0% |
05 / Contracting Offices
Which contracting offices buy in NAICS 523940?
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 | $47.98M | 104 | 19 | 89.6% |
| OFFICE OF ACQUISITION | 773444 | UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION | $2.66M | 10 | 3 | 5.0% |
| CPO : GNMA SUPPORT DIVISION | 866155 | HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | $2.61M | 8 | 1 | 4.9% |
| FA5613 700 CONS PK | FA5613 | DEPT OF THE AIR FORCE | $150.0K | 1 | 1 | 0.3% |
| SECURITIES AND EXCHANGE COMMISSION | 503102 | SECURITIES AND EXCHANGE COMMISSION | $79.8K | 1 | 1 | 0.1% |
| ARC DIV PROC SVCS - DO | 203415 | BUREAU OF THE FISCAL SERVICE | $40.0K | 2 | 1 | 0.1% |
| USDA, OCP-POD-ACQ-MGMT-BRANCH-FTC | 123144 | USDA, DEPARTMENTAL ADMINISTRATION | $32.8K | 5 | 2 | 0.1% |
| TCSC OFFICE OF FINANCIAL RESEARCH | 2099CJ | TREASURY COMMON SERVICES CENTER | $0 | 1 | 1 | 0.0% |
06 / Top Vendors
Which contractors lead the NAICS 523940 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | $5.50M | 1 | 1 | 10.3% | Sep 25, 2026 |
| PGIM, INC. | $4.60M | 1 | 1 | 8.6% | Sep 25, 2026 |
| PUGH CAPITAL MANAGEMENT INC | $3.43M | 12 | 1 | 6.4% | Aug 14, 2026 |
| WELLINGTON MANAGEMENT COMPANY LLP | $3.20M | 1 | 1 | 6.0% | Sep 25, 2026 |
| COLCHESTER GLOBAL INVESTORS LIMITED | $3.16M | 4 | 1 | 5.9% | Sep 30, 2025 |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $3.00M | 3 | 1 | 5.6% | May 29, 2026 |
| AQR CAPITAL MANAGEMENT LLC | $3.00M | 4 | 1 | 5.6% | Sep 15, 2026 |
| NEW CENTURY ADVISORS LLC | $2.93M | 10 | 1 | 5.5% | Jul 30, 2026 |
| MERGANSER CAPITAL MANAGEMENT, LLC | $2.86M | 11 | 1 | 5.3% | Jul 30, 2026 |
| LONGFELLOW INVESTMENT MANAGEMENT CO., LLC | $2.82M | 15 | 1 | 5.3% | Sep 22, 2026 |
07 / Product and Service Mix
What products and services are purchased under NAICS 523940?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $51.40M | 116 | 23 | 96.0% |
| R799 | SUPPORT- MANAGEMENT: OTHER | $1.85M | 6 | 2 | 3.4% |
| R425 | SUPPORT- PROFESSIONAL: ENGINEERING/TECHNICAL | $150.0K | 1 | 1 | 0.3% |
| R424 | SUPPORT- PROFESSIONAL: EXPERT WITNESS | $79.8K | 1 | 1 | 0.1% |
| 7630 | NEWSPAPERS AND PERIODICALS | $40.0K | 3 | 2 | 0.1% |
| 7A20 | IT AND TELECOM - APPLICATION DEVELOPMENT SOFTWARE (PERPETUAL LICENSE SOFTWARE) | $32.8K | 5 | 2 | 0.1% |
08 / Buying Pattern
How does the government buy in NAICS 523940?
| Common action type | Obligations | Actions |
|---|---|---|
| DEFINITIVE CONTRACT | $32.42M | 108 |
| PURCHASE ORDER | $18.47M | 14 |
| DELIVERY ORDER | $2.66M | 10 |
09 / Recent Contract Awards
What was awarded most recently in NAICS 523940?
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 $53.55M market as addressable.