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 2019–FY 2025. 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 2019–FY 2025 profile window.
Latest closed fiscal year$70.88M
FY 2025| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2019 | $93.40M | 127 | 34 | 7 | — |
| FY 2020 | $101.16M | 106 | 31 | 5 | +8.3% |
| 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% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2019–FY 2025.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORPORATION | 1665 | $590.30M | 596 | 29 | 97.7% |
| HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | 8600 | $13.20M | 37 | 3 | 2.2% |
| COMMODITY FUTURES TRADING COMMISSION | 9507 | $460.6K | 12 | 1 | 0.1% |
| SECURITIES AND EXCHANGE COMMISSION | 5000 | $221.8K | 7 | 3 | 0.0% |
| USDA, DEPARTMENTAL ADMINISTRATION | 1205 | $33.5K | 14 | 1 | 0.0% |
| AGENCY FOR INTERNATIONAL DEVELOPMENT | 7200 | $19.7K | 3 | 1 | 0.0% |
| DEPT OF THE ARMY | 2100 | $15.2K | 1 | 1 | 0.0% |
05 / Contracting Offices
Which contracting offices buy in NAICS 523920?
Ranked by net obligations during FY 2019–FY 2025.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORP | 16PBGC | PENSION BENEFIT GUARANTY CORPORATION | $590.30M | 596 | 29 | 97.7% |
| CPO : RESEARCH AND COMMUNITY SUPPOR | 866157 | HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | $13.20M | 36 | 3 | 2.2% |
| COMMODITY FUTURES TRADING COMM | 9523ZY | COMMODITY FUTURES TRADING COMMISSION | $460.6K | 12 | 1 | 0.1% |
| SECURITIES AND EXCHANGE COMMISSION | 503102 | SECURITIES AND EXCHANGE COMMISSION | $221.8K | 7 | 3 | 0.0% |
| USDA, OCP-POD-ACQ-MGMT-BRANCH-FTC | 123144 | USDA, DEPARTMENTAL ADMINISTRATION | $33.5K | 14 | 1 | 0.0% |
| USAID EGEE | 72EGEE | AGENCY FOR INTERNATIONAL DEVELOPMENT | $19.7K | 3 | 1 | 0.0% |
| W7NX USPFO ACTIVITY PA ARNG | W912KC | DEPT OF THE ARMY | $15.2K | 1 | 1 | 0.0% |
| DEPT HUD-CHIEF PROCUREMENT OFFICER | 86543G | HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | $0 | 1 | 1 | 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 | $79.57M | 37 | 1 | 13.2% | Mar 26, 2025 |
| PRUDENTIAL INVESTMENT MANAGEMENT, INC. | $76.99M | 30 | 1 | 12.7% | Feb 21, 2025 |
| WELLINGTON MANAGEMENT COMPANY LLP | $57.74M | 38 | 1 | 9.6% | Mar 24, 2025 |
| ARROWSTREET CAPITAL LTD PARTNERSHIP | $45.75M | 26 | 1 | 7.6% | Aug 25, 2025 |
| WESTERN ASSET MANAGEMENT COMPANY | $32.61M | 31 | 1 | 5.4% | Nov 22, 2024 |
| TCW ASSET MANAGEMENT COMPANY | $30.94M | 31 | 1 | 5.1% | Feb 24, 2025 |
| MARATHON ASSET MANAGEMENT LIMITED | $26.00M | 10 | 1 | 4.3% | Mar 17, 2025 |
| WELLS CAPITAL MANAGEMENT INCORPORATED | $25.81M | 33 | 1 | 4.3% | Mar 18, 2025 |
| GOLDMAN SACHS ASSET MANAGEMENT, L.P. | $20.49M | 27 | 1 | 3.4% | Mar 24, 2025 |
| NEUBERGER BERMAN INVESTMENT ADVISERS LLC | $20.33M | 18 | 1 | 3.4% | Sep 17, 2025 |
07 / Product and Service Mix
What products and services are purchased under NAICS 523920?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $590.48M | 601 | 30 | 97.7% |
| R799 | SUPPORT- MANAGEMENT: OTHER | $8.51M | 23 | 2 | 1.4% |
| R411 | SUPPORT- PROFESSIONAL: REAL PROPERTY APPRAISALS | $4.00M | 10 | 1 | 0.7% |
| R704 | SUPPORT- MANAGEMENT: AUDITING | $700.3K | 3 | 1 | 0.1% |
| D318 | IT AND TELECOM- INTEGRATED HARDWARE/SOFTWARE/SERVICES SOLUTIONS, PREDOMINANTLY SERVICES | $465.0K | 10 | 1 | 0.1% |
| D317 | IT AND TELECOM- WEB-BASED SUBSCRIPTION | $39.1K | 1 | 1 | 0.0% |
| D301 | IT AND TELECOM- FACILITY OPERATION AND MAINTENANCE | $33.5K | 14 | 1 | 0.0% |
| U008 | EDUCATION/TRAINING- TRAINING/CURRICULUM DEVELOPMENT | $19.7K | 3 | 1 | 0.0% |
| 8940 | SPECIAL DIETARY FOODS AND FOOD SPECIALTY PREPARATIONS | $15.2K | 1 | 1 | 0.0% |
| R703 | SUPPORT- MANAGEMENT: ACCOUNTING | $0 | 1 | 1 | 0.0% |
08 / Buying Pattern
How does the government buy in NAICS 523920?
| Common action type | Obligations | Actions |
|---|---|---|
| DEFINITIVE CONTRACT | $603.39M | 642 |
| PURCHASE ORDER | $863.4K | 28 |
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 $604.25M market as addressable.