Maryland State Retirement & Pension System
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Maryland State Retirement & Pension System reported 1,521 stock positions worth $4.8 billion. Its top holding was Apple (AAPL) at 4.1% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Nvidia (NVDA, 3.4%). Compared with Q2 2024, it opened 30 new positions, sold out of 57, added to 104 and reduced 1,343. The biggest buy was Enbridge (ENB, shares +5%) and the biggest sale Microsoft (MSFT, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0001795552
- Portfolio Value
- $4.8B (Q3 2024)
- SEC Filing
- 0001085146-24-005511 ↗ filed Nov 12, 2024
Holdings Value
Holdings 1,521 stocks · $4.8B
| AAPL Apple Inc. | 4.09% | 835,965 | $194.8M | Reduce -26.2% |
| MSFT Microsoft Corp. | 3.86% | 427,650 | $184.0M | Reduce -26.2% |
| NVDA Nvidia Corp. | 3.43% | 1,345,775 | $163.4M | Reduce -27.4% |
| ENB Enbridge Inc. | 2.42% | 2,832,616 | $115.0M | Add +4.6% |
| AMZN Amazon.com Inc. | 2.09% | 534,315 | $99.6M | Reduce -26.2% |
| AMT American Tower Corp. | 2.06% | 421,289 | $98.0M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 1.51% | 125,978 | $72.1M | Reduce -26.3% |
| TRP TC Energy Corp. | 1.35% | 1,351,207 | $64.2M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 1.18% | 338,226 | $56.1M | Reduce -26.2% |
| WMB Williams Cos Inc. | 1.05% | 1,098,666 | $50.2M | Reduce -2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 105,273 | $48.5M | Reduce -26.2% |
| OKE Oneok Inc. | 1.01% | 526,509 | $48.0M | Reduce -2.6% |
| SRE Sempra | 1.00% | 570,750 | $47.7M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 0.99% | 283,388 | $47.4M | Reduce -26.2% |
| CCI Crown Castle Inc. | 0.98% | 391,751 | $46.5M | Reduce -2.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.96% | 568,263 | $45.9M | No change |
| AVGO Broadcom Inc. | 0.95% | 261,668 | $45.1M | Reduce -26.2% |
| TSLA Tesla Inc. | 0.88% | 159,902 | $41.8M | Reduce -26.2% |
| ET Energy Transfer LP | 0.88% | 2,600,501 | $41.7M | Add +4.5% |
| LLY Eli Lilly & Co. | 0.86% | 46,075 | $40.8M | Reduce -30.5% |
| KMI Kinder Morgan Inc. | 0.81% | 1,741,107 | $38.5M | Reduce -2.8% |
| PCG P G & E Corp. | 0.80% | 1,926,828 | $38.1M | Reduce -2.7% |
| LNG Cheniere Energy Inc. | 0.77% | 204,167 | $36.7M | Reduce -3.7% |
| EXC Exelon Corp. | 0.77% | 901,529 | $36.6M | Reduce -2.6% |
| EPD Enterprise Products Partners | 0.75% | 1,227,721 | $35.7M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.73% | 164,808 | $34.8M | Reduce -26.2% |
| ED Consolidated Edison Inc. | 0.68% | 311,795 | $32.5M | Reduce -2.8% |
| UNH Unitedhealth Group Inc. | 0.65% | 52,943 | $31.0M | Reduce -26.1% |
| EIX Edison International | 0.64% | 347,778 | $30.3M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 0.64% | 258,350 | $30.3M | Reduce -26.1% |
| PBA Pembina Pipeline Corp. | 0.62% | 721,323 | $29.7M | Add +2.4% |
| TRGP Targa Resources Corp. | 0.61% | 197,541 | $29.2M | Reduce -3.7% |
| FTS Fortis Inc. | 0.59% | 615,819 | $28.0M | Add +2.8% |
| FER Ferrovial NV | 0.56% | 621,071 | $26.7M | Add +1.8% |
| AWK American Water Works Co. Inc. | 0.54% | 175,669 | $25.7M | Reduce -2.5% |
| V Visa Inc. Class A | 0.52% | 90,724 | $24.9M | Reduce -26.1% |
| PG The Procter & Gamble Co. | 0.49% | 135,895 | $23.5M | Reduce -26.3% |
| MA Mastercard Inc. Class A | 0.49% | 47,563 | $23.5M | Reduce -26.2% |
| SBAC SBA Communications Corp. | 0.49% | 96,870 | $23.3M | Reduce -2.5% |
| HD Home Depot Inc. | 0.49% | 57,040 | $23.1M | Reduce -26.2% |
| COST Costco Wholesale Corp. | 0.47% | 25,520 | $22.6M | Reduce -26.2% |
| JNJ Johnson & Johnson | 0.47% | 138,934 | $22.5M | Reduce -26.1% |
| ES Eversource Energy | 0.46% | 321,808 | $21.9M | Reduce -1.1% |
| VNQ Vanguard Real Estate ETF | 0.44% | 214,500 | $20.9M | No change |
| WMT Walmart Inc. | 0.42% | 250,030 | $20.2M | Reduce -26.1% |
| ABBV Abbvie Inc. | 0.42% | 101,986 | $20.1M | Reduce -26.2% |
| ATO Atmos Energy Corp. | 0.41% | 139,660 | $19.4M | Reduce -0.1% |
| AMLP Alerian MLP ETF | 0.40% | 399,453 | $18.8M | No change |
| NFLX Netflix Inc. | 0.37% | 24,553 | $17.4M | Reduce -26.3% |
| CNP Centerpoint Energy Inc. | 0.36% | 586,378 | $17.3M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.35% | 146,151 | $16.6M | Reduce -26.1% |
| KO The Coca-Cola Co. | 0.34% | 223,804 | $16.1M | Reduce -26.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 391,240 | $15.5M | Reduce -26.1% |
| ORCL Oracle Corp. | 0.32% | 90,493 | $15.4M | Reduce -26.1% |
| AMD Advanced Micro Devices | 0.32% | 92,546 | $15.2M | Reduce -26.3% |
| CRM Salesforce Inc. | 0.31% | 54,080 | $14.8M | Reduce -26.1% |
| CVX Chevron Corp. | 0.31% | 99,172 | $14.6M | Reduce -26.2% |
| MPLX MPLX LP | 0.30% | 318,827 | $14.2M | Add +5.7% |
| NI Nisource Inc. | 0.29% | 404,321 | $14.0M | Reduce -2.6% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 22,025 | $13.6M | Reduce -26.0% |
| PEP Pepsico Inc. | 0.28% | 79,295 | $13.5M | Reduce -26.0% |
| LIN Linde PLC | 0.28% | 27,711 | $13.2M | Reduce -26.0% |
| ADBE Adobe Inc. | 0.28% | 25,499 | $13.2M | Reduce -27.0% |
| MCD McDonald's Corp. | 0.27% | 41,558 | $12.7M | Reduce -26.0% |
| CSCO Cisco Systems Inc. | 0.26% | 233,857 | $12.4M | Reduce -26.0% |
| GE General Electric filed as GE AEROSPACE | 0.25% | 62,783 | $11.8M | Reduce -26.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 52,911 | $11.7M | Reduce -26.0% |
| WFC Wells Fargo & Co. | 0.24% | 202,101 | $11.4M | Reduce -26.0% |
| ABT Abbott Laboratories | 0.24% | 99,761 | $11.4M | Reduce -26.0% |
| CAT Caterpillar Inc. | 0.23% | 28,201 | $11.0M | Reduce -26.0% |
| QCOM Qualcomm Inc. | 0.23% | 64,408 | $11.0M | Reduce -26.0% |
| VZ Verizon Communications Inc. | 0.23% | 243,051 | $10.9M | Reduce -26.0% |
| PM Philip Morris International | 0.23% | 89,660 | $10.9M | Reduce -26.0% |
| TXN Texas Instruments Inc. | 0.23% | 52,497 | $10.8M | Reduce -26.0% |
| NOW ServiceNow Inc. | 0.22% | 11,842 | $10.6M | Reduce -25.9% |
| RY Royal Bank of Canada | 0.22% | 83,320 | $10.4M | Add +1.4% |
| DHR Danaher Corp. | 0.22% | 37,228 | $10.4M | Reduce -27.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 105,932 | $10.2M | Reduce -26.1% |
| NEE Nextera Energy Inc. | 0.21% | 118,593 | $10.0M | Reduce -26.0% |
| ISRG Intuitive Surgical Inc. | 0.21% | 20,375 | $10.0M | Reduce -25.7% |
| SHOP Shopify Inc. Class A | 0.21% | 124,731 | $10.0M | Reduce -0.3% |
| AMGN Amgen Inc. | 0.21% | 30,930 | $10.0M | Reduce -26.3% |
| INTU Intuit Inc. | 0.21% | 15,749 | $9.8M | Reduce -26.2% |
| UBS UBS Group AG-Reg | 0.20% | 316,312 | $9.8M | Add +1.9% |
| TD Toronto-Dominion Bank | 0.20% | 154,161 | $9.7M | Add +0.4% |
| AMAT Applied Materials Inc. | 0.20% | 47,984 | $9.7M | Reduce -26.0% |
| PFE Pfizer Inc. | 0.20% | 326,999 | $9.5M | Reduce -26.3% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.20% | 569,498 | $9.4M | Add +37.1% |
| SPGI S&P Global Inc. | 0.20% | 18,049 | $9.3M | Reduce -26.0% |
| RTX RTX Corp. | 0.20% | 76,691 | $9.3M | Reduce -26.0% |
| CMCSA Comcast Corp. Class A | 0.19% | 221,851 | $9.3M | Reduce -26.9% |
| T AT&T Inc. | 0.19% | 414,040 | $9.1M | Reduce -26.4% |
| GS Goldman Sachs Group Inc. | 0.19% | 18,188 | $9.0M | Reduce -26.0% |
| LOW Lowe's Cos Inc. | 0.19% | 33,023 | $8.9M | Reduce -26.0% |
| B Barrick Gold Corp. | 0.19% | 444,214 | $8.8M | Reduce -1.5% |
| PAC Grupo Aeroportuario Pac-ADR | 0.19% | 50,740 | $8.8M | Add +7.7% |
| AXP American Express Co. | 0.18% | 32,351 | $8.8M | Reduce -26.9% |
| WTRG Essential Utilities Inc. | 0.18% | 226,954 | $8.8M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.18% | 115,881 | $8.7M | Reduce -26.0% |
| UNP Union Pacific Corp. | 0.18% | 35,185 | $8.7M | Reduce -26.0% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -26.2% | 3.86% | −0.91 |
| NVDA Nvidia Corp. | Reduce -27.4% | 3.43% | −0.79 |
| AMZN Amazon.com Inc. | Reduce -26.2% | 2.09% | −0.49 |
| GOOGL Alphabet Inc. Class A | Reduce -26.2% | 1.18% | −0.36 |
| AAPL Apple Inc. | Reduce -26.2% | 4.09% | −0.31 |
| GOOG Alphabet Inc. Class C | Reduce -26.2% | 0.99% | −0.30 |
| LLY Eli Lilly & Co. | Reduce -30.5% | 0.86% | −0.25 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.20 |
| XOM Exxon Mobil Corp. | Reduce -26.1% | 0.64% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -26.2% | 0.73% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -26.1% | 0.35% | −0.10 |
| AVGO Broadcom Inc. | Reduce -26.2% | 0.95% | −0.10 |
| QCOM Qualcomm Inc. | Reduce -26.0% | 0.23% | −0.09 |
| CVX Chevron Corp. | Reduce -26.2% | 0.31% | −0.08 |
| ADBE Adobe Inc. | Reduce -27.0% | 0.28% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -26.0% | 0.20% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -26.3% | 1.51% | −0.07 |
| V Visa Inc. Class A | Reduce -26.1% | 0.52% | −0.07 |
| MU Micron Technology Inc. | Reduce -25.9% | 0.14% | −0.07 |
| INTC Intel Corp. | Reduce -26.3% | 0.12% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -26.2% | 0.47% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -26.3% | 0.49% | −0.07 |
| BAC Bank of America Corp. | Reduce -26.1% | 0.33% | −0.06 |
| WFC Wells Fargo & Co. | Reduce -26.0% | 0.24% | −0.06 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −0.06 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.06 |
| FN Fabrinet | Sold out | 0.00% | −0.06 |
| AMD Advanced Micro Devices | Reduce -26.3% | 0.32% | −0.06 |
| INTU Intuit Inc. | Reduce -26.2% | 0.21% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -26.2% | 1.02% | −0.05 |
| NFLX Netflix Inc. | Reduce -26.3% | 0.37% | −0.05 |
| DIS The Walt Disney Co. | Reduce -26.1% | 0.21% | −0.05 |
| BA The Boeing Co. | Reduce -26.5% | 0.11% | −0.05 |
| ENSG The Ensign Group Inc. | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Reduce -26.0% | 0.15% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -23.1% | 0.08% | −0.04 |
| PEP Pepsico Inc. | Reduce -26.0% | 0.28% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -52.6% | 0.06% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -26.1% | 0.12% | −0.04 |
| SNPS Synopsys Inc. | Reduce -26.4% | 0.09% | −0.04 |
| HON Honeywell International Inc. | Reduce -26.0% | 0.16% | −0.04 |
| CRM Salesforce Inc. | Reduce -26.1% | 0.31% | −0.04 |
| IGF iShares Global Infrastructur | Reduce -53.3% | 0.05% | −0.04 |
| ELV Elevance Health Inc. | Reduce -26.0% | 0.15% | −0.03 |
| JNJ Johnson & Johnson | Reduce -26.1% | 0.47% | −0.03 |
| KLAC KLA Corp. | Reduce -26.0% | 0.13% | −0.03 |
| DXCM Dexcom Inc. | Reduce -26.7% | 0.03% | −0.03 |
| MCK McKesson Corp. | Reduce -27.0% | 0.08% | −0.03 |
| EW Edwards Lifesciences Corp. | Reduce -27.1% | 0.05% | −0.03 |
| AMGN Amgen Inc. | Reduce -26.3% | 0.21% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| ENB Enbridge Inc. | Add +4.6% | 2.42% | +0.64 |
| TRP TC Energy Corp. | Add +2.3% | 1.35% | +0.42 |
| ALC Alcon Inc. | New | 0.17% | +0.17 |
| FTS Fortis Inc. | Add +2.8% | 0.59% | +0.16 |
| PBA Pembina Pipeline Corp. | Add +2.4% | 0.62% | +0.14 |
| ET Energy Transfer LP | Add +4.5% | 0.88% | +0.13 |
| FER Ferrovial NV | Add +1.8% | 0.56% | +0.12 |
| SBS Cia Saneamento Basico DE-ADR | Add +37.1% | 0.20% | +0.09 |
| MPLX MPLX LP | Add +5.7% | 0.30% | +0.06 |
| RY Royal Bank of Canada | Add +1.4% | 0.22% | +0.06 |
| PAC Grupo Aeroportuario Pac-ADR | Add +7.7% | 0.19% | +0.05 |
| TD Toronto-Dominion Bank | Add +0.4% | 0.20% | +0.05 |
| FERG Ferguson Enterprises Inc. | New | 0.05% | +0.05 |
| INSP Inspire Medical Systems Inc. | Add +418.3% | 0.05% | +0.05 |
| BBWI Bath & Body Works Inc. | Add +403.5% | 0.06% | +0.05 |
| CM Can Imperial BK of Commerce | Add +0.3% | 0.14% | +0.05 |
| BIPC Brookfield Infrastructure-A | Add +2.4% | 0.13% | +0.05 |
| CSW CSW Industrials Inc. | New | 0.04% | +0.04 |
| ETSY Etsy Inc. | Add +384.8% | 0.05% | +0.04 |
| BNS Bank of Nova Scotia | Add +1.0% | 0.15% | +0.04 |
| TMDX Transmedics Group Inc. | New | 0.04% | +0.04 |
| ZWS Zurn Elkay Water Solutions C | New | 0.04% | +0.04 |
| UBS UBS Group AG-Reg | Add +1.9% | 0.20% | +0.04 |
| PI Impinj Inc. | New | 0.04% | +0.04 |
| ADMA Adma Biologics Inc. | New | 0.03% | +0.03 |
| SW Smurfit Westrock PLC | New | 0.03% | +0.03 |
| MFC Manulife Financial Corp. | Add +0.2% | 0.13% | +0.03 |
| FUN Six Flags Entertainment Corp. | New | 0.03% | +0.03 |
| QDEL Quidelortho Corp. | New | 0.02% | +0.02 |
| TGTX TG Therapeutics Inc. | New | 0.02% | +0.02 |
| YOU Clear Secure Inc. Class A | New | 0.02% | +0.02 |
| CP Canadian Pacific Kansas City | Add +1.3% | 0.10% | +0.02 |
| PTGX Protagonist Therapeutics Inc. | New | 0.02% | +0.02 |
| TGNA Tegna Inc. | New | 0.02% | +0.02 |
| MP MP Materials Corp. | New | 0.02% | +0.02 |
| EFV iShares MSCI Eafe Value ETF | Add +39.9% | 0.04% | +0.02 |
| JXN Jackson Financial Inc. Class A | Add +7.4% | 0.05% | +0.02 |
| ICUI Icu Medical Inc. | Add +15.6% | 0.03% | +0.02 |
| BMO Bank of Montreal | Add +1.3% | 0.08% | +0.02 |
| ZD Ziff Davis Inc. | New | 0.02% | +0.02 |
| PAA Plains All Amer Pipeline LP | Add +1.1% | 0.14% | +0.02 |
| ENLC Enlink Midstream LLC | Add +7.2% | 0.07% | +0.01 |
| ADNT Adient PLC | New | 0.01% | +0.01 |
| WES Western Midstream Partners L | Add +1.5% | 0.13% | +0.01 |
| ARGX Argenx SE - ADR | Add +2.1% | 0.04% | +0.01 |
| GKOS Glaukos Corp. | Add +5.5% | 0.05% | +0.01 |
| HESM Hess Midstream LP Class A | Add +12.0% | 0.06% | +0.01 |
| SMTC Semtech Corp. | Add +12.6% | 0.02% | +0.01 |
| SLF Sun Life Financial Inc. | Add +1.4% | 0.04% | +0.01 |
| SNDR Schneider National Inc. Class B | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,423 | $5.8B | NVDA, AAPL, MSFT, ENB, AMZN |
| Q1 2026 | 1,352 | $4.9B | NVDA, AAPL, ENB, MSFT, AMZN |
| Q4 2025 | 1,369 | $4.9B | NVDA, AAPL, MSFT, ENB, AMZN |
| Q3 2025 | 1,368 | $4.8B | NVDA, MSFT, AAPL, ENB, AMZN |
| Q2 2025 | 1,488 | $4.6B | NVDA, MSFT, AAPL, ENB, AMZN |
| Q1 2025 | 1,450 | $4.2B | AAPL, ENB, MSFT, NVDA, AMT |
| Q4 2024 | 1,512 | $4.6B | AAPL, NVDA, MSFT, ENB, AMZN |
| Q3 2024 | 1,521 | $4.8B | AAPL, MSFT, NVDA, ENB, AMZN |
| Q2 2024 | 1,547 | $5.4B | MSFT, AAPL, NVDA, AMZN, ENB |
| Q1 2024 | 1,535 | $5.0B | MSFT, AAPL, NVDA, AMZN, ENB |