Maryland State Retirement & Pension System
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Maryland State Retirement & Pension System reported 1,352 stock positions worth $4.9 billion. Its top holding was Nvidia (NVDA) at 4.2% of the portfolio, followed by Apple (AAPL, 3.7%) and Enbridge (ENB, 3.2%). Compared with Q4 2025, it opened 39 new positions, sold out of 57, added to 183 and reduced 253. The biggest buy was a new position in Astrazeneca (AZN) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0001795552
- Portfolio Value
- $4.9B (Q1 2026)
- SEC Filing
- 0001795552-26-000003 ↗ filed May 4, 2026
Holdings Value
Holdings 1,352 stocks · $4.9B
| NVDA Nvidia Corp. | 4.17% | 1,175,902 | $205.1M | Add +0.4% |
| AAPL Apple Inc. | 3.73% | 723,806 | $183.7M | Reduce -0.8% |
| ENB Enbridge Inc. | 3.22% | 2,919,694 | $158.2M | Add +7.2% |
| MSFT Microsoft Corp. | 2.80% | 372,592 | $137.9M | Add +0.4% |
| AMZN Amazon.com Inc. | 2.04% | 481,953 | $100.4M | Add +0.4% |
| TRP TC Energy Corp. | 1.77% | 1,392,122 | $87.0M | Add +7.2% |
| WMB Williams Cos Inc. | 1.72% | 1,162,444 | $84.6M | Reduce -4.1% |
| GOOGL Alphabet Inc. Class A | 1.71% | 291,969 | $84.0M | Add +0.4% |
| AMT American Tower Corp. | 1.56% | 446,060 | $77.0M | Reduce -4.0% |
| AVGO Broadcom Inc. | 1.46% | 231,947 | $71.8M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 1.39% | 237,706 | $68.2M | Add +0.4% |
| META Meta Platforms Inc. Class A | 1.28% | 109,650 | $62.7M | Add +0.4% |
| KMI Kinder Morgan Inc. | 1.27% | 1,863,368 | $62.5M | Reduce -4.0% |
| SRE Sempra | 1.23% | 622,014 | $60.4M | Reduce -4.0% |
| LNG Cheniere Energy Inc. | 1.18% | 204,795 | $58.1M | Reduce -4.2% |
| ET Energy Transfer LP | 1.12% | 2,849,140 | $55.0M | Reduce -4.4% |
| OKE Oneok Inc. | 1.10% | 598,447 | $54.1M | Reduce -4.1% |
| TSLA Tesla Inc. | 1.07% | 141,690 | $52.7M | Add +0.4% |
| TRGP Targa Resources Corp. | 1.04% | 204,295 | $51.2M | Reduce -4.0% |
| EPD Enterprise Products Partners | 1.01% | 1,307,298 | $49.5M | Reduce -4.3% |
| EXC Exelon Corp. | 0.97% | 973,654 | $47.7M | Reduce -3.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.90% | 92,781 | $44.5M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 0.82% | 136,675 | $40.2M | Add +0.5% |
| ED Consolidated Edison Inc. | 0.79% | 343,781 | $38.9M | Reduce -4.1% |
| FER Ferrovial NV | 0.77% | 593,034 | $38.0M | Add +7.2% |
| LLY Eli Lilly & Co. | 0.75% | 40,211 | $37.0M | Add +0.3% |
| PCG P G & E Corp. | 0.75% | 2,091,707 | $36.8M | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.73% | 212,591 | $36.1M | Add +0.5% |
| FTS Fortis Inc. | 0.70% | 621,224 | $34.7M | Add +7.6% |
| CCI Crown Castle Inc. | 0.68% | 414,177 | $33.7M | Reduce -4.2% |
| AZN Astrazeneca PLC | 0.67% | 169,590 | $33.0M | New |
| PBA Pembina Pipeline Corp. | 0.65% | 712,792 | $31.9M | Add +7.2% |
| TTE Totalenergies SE | 0.62% | 326,985 | $30.6M | Add +17.5% |
| JNJ Johnson & Johnson | 0.60% | 121,124 | $29.6M | Add +0.8% |
| ATO Atmos Energy Corp. | 0.59% | 157,038 | $29.0M | Reduce -1.4% |
| WMT Walmart Inc. | 0.55% | 218,346 | $27.1M | Add +0.2% |
| CNP Centerpoint Energy Inc. | 0.55% | 621,246 | $26.8M | Reduce -4.0% |
| EIX Edison International | 0.54% | 366,061 | $26.8M | Reduce -4.0% |
| V Visa Inc. Class A | 0.52% | 84,743 | $25.6M | Add +0.6% |
| RY Royal Bank of Canada | 0.52% | 158,391 | $25.6M | Add +6.8% |
| AEM Agnico Eagle Mines Ltd. | 0.52% | 125,320 | $25.4M | Reduce -5.6% |
| AWK American Water Works Co. Inc. | 0.51% | 185,826 | $25.3M | Reduce -4.0% |
| ES Eversource Energy | 0.50% | 356,635 | $24.7M | Reduce -4.2% |
| COST Costco Wholesale Corp. | 0.45% | 22,351 | $22.3M | Add +0.5% |
| TD Toronto-Dominion Bank | 0.45% | 237,776 | $22.2M | Add +1.5% |
| B Barrick Mining Corp. | 0.45% | 538,927 | $22.0M | Reduce -7.1% |
| SHOP Shopify Inc. Class A | 0.44% | 180,494 | $21.4M | Add +1.2% |
| NI Nisource Inc. | 0.43% | 455,767 | $21.3M | Reduce -3.5% |
| SU Suncor Energy Inc. | 0.42% | 312,991 | $20.7M | Reduce -6.1% |
| NFLX Netflix Inc. | 0.42% | 212,922 | $20.5M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.41% | 40,517 | $20.2M | Add +0.7% |
| CVX Chevron Corp. | 0.40% | 94,370 | $19.5M | Add +0.6% |
| ABBV Abbvie Inc. | 0.39% | 89,040 | $19.4M | Add +0.6% |
| MPLX MPLX LP | 0.39% | 339,111 | $19.4M | Reduce -4.3% |
| MU Micron Technology Inc. | 0.38% | 56,044 | $18.9M | Add +0.4% |
| SBAC SBA Communications Corp. | 0.35% | 101,398 | $17.5M | Reduce -4.2% |
| PG The Procter & Gamble Co. | 0.35% | 117,776 | $17.0M | No change |
| CAT Caterpillar Inc. | 0.33% | 23,231 | $16.5M | No change |
| HD Home Depot Inc. | 0.33% | 49,935 | $16.4M | No change |
| AMD Advanced Micro Devices | 0.33% | 80,722 | $16.4M | Add +0.3% |
| CNQ Canadian Natural Resources | 0.33% | 334,502 | $16.3M | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 330,698 | $16.1M | Reduce -0.7% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 109,619 | $16.0M | Add +0.5% |
| CSCO Cisco Systems Inc. | 0.32% | 199,919 | $15.5M | Add +0.4% |
| MRK Merck & Co. Inc. | 0.30% | 124,497 | $15.0M | Reduce -1.0% |
| KO The Coca-Cola Co. | 0.30% | 195,302 | $14.9M | Add +0.6% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 52,120 | $14.8M | No change |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.30% | 154,521 | $14.6M | Reduce -1.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.29% | 204,489 | $14.2M | Reduce -0.6% |
| UBS UBS Group AG-Reg | 0.28% | 355,549 | $13.7M | Add +7.3% |
| AMAT Applied Materials Inc. | 0.28% | 39,990 | $13.7M | No change |
| LRCX Lam Research Corp. | 0.27% | 63,100 | $13.5M | Add +0.7% |
| RTX RTX Corp. | 0.26% | 67,461 | $13.0M | Add +1.1% |
| DTM DT Midstream Inc. | 0.26% | 96,476 | $13.0M | Reduce -4.1% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.26% | 425,215 | $13.0M | Reduce -21.0% |
| PM Philip Morris International | 0.26% | 78,251 | $12.9M | No change |
| GS Goldman Sachs Group Inc. | 0.25% | 14,753 | $12.5M | No change |
| ORCL Oracle Corp. | 0.25% | 84,441 | $12.4M | No change |
| WFC Wells Fargo & Co. | 0.25% | 155,725 | $12.4M | Reduce -1.2% |
| UNH Unitedhealth Group Inc. | 0.25% | 45,686 | $12.4M | Add +0.3% |
| GEV GE Vernova Inc. | 0.24% | 13,551 | $11.8M | Reduce -0.7% |
| LIN Linde PLC | 0.24% | 23,691 | $11.7M | Add +1.2% |
| KGC Kinross Gold Corp. | 0.23% | 372,270 | $11.4M | Reduce -14.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 46,645 | $11.3M | Add +0.4% |
| MCD McDonald's Corp. | 0.23% | 35,915 | $11.2M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.22% | 80,062 | $10.8M | Add +6.0% |
| WTRG Essential Utilities Inc. | 0.22% | 268,046 | $10.8M | Reduce -4.2% |
| PEP Pepsico Inc. | 0.22% | 69,161 | $10.7M | Add +1.3% |
| VZ Verizon Communications Inc. | 0.22% | 213,140 | $10.7M | Add +1.2% |
| BN Brookfield Corp. | 0.21% | 249,707 | $10.1M | Add +5.0% |
| T AT&T Inc. | 0.20% | 347,317 | $10.1M | Add +0.6% |
| C Citigroup Inc. | 0.20% | 87,213 | $9.9M | Reduce -1.9% |
| INTC Intel Corp. | 0.20% | 221,341 | $9.8M | Add +0.5% |
| NEE Nextera Energy Inc. | 0.20% | 104,927 | $9.7M | No change |
| KLAC KLA Corp. | 0.20% | 6,596 | $9.7M | No change |
| AMGN Amgen Inc. | 0.19% | 27,051 | $9.5M | Add +0.9% |
| MS Morgan Stanley | 0.19% | 57,043 | $9.4M | Reduce -0.6% |
| PAA Plains All Amer Pipeline LP | 0.19% | 418,862 | $9.4M | Reduce -4.5% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 18,924 | $9.3M | Add +0.5% |
| NTR Nutrien Ltd. | 0.18% | 120,158 | $9.1M | Reduce -5.7% |
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -0.8% | 3.73% | −0.35 |
| AMT American Tower Corp. | Reduce -4.0% | 1.56% | −0.12 |
| CCI Crown Castle Inc. | Reduce -4.2% | 0.68% | −0.11 |
| CRM Salesforce Inc. | Reduce -1.3% | 0.17% | −0.08 |
| B Barrick Mining Corp. | Reduce -7.1% | 0.45% | −0.07 |
| PAC Grupo Aeroportuario Pac-ADR | Reduce -21.4% | 0.18% | −0.07 |
| SBAC SBA Communications Corp. | Reduce -4.2% | 0.35% | −0.07 |
| EFA iShares MSCI Eafe ETF | Reduce -26.9% | 0.15% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -1.2% | 0.25% | −0.05 |
| BAC Bank of America Corp. | Reduce -0.7% | 0.33% | −0.05 |
| ADBE Adobe Inc. | Reduce -2.0% | 0.10% | −0.05 |
| COF Capital One Financial Corp. | Reduce -1.6% | 0.11% | −0.04 |
| BIPC Brookfield Infrastructure-A | Reduce -20.6% | 0.09% | −0.04 |
| DIS The Walt Disney Co. | Reduce -1.1% | 0.18% | −0.04 |
| EFV iShares MSCI Eafe Value ETF | Reduce -40.8% | 0.05% | −0.03 |
| ARWR Arrowhead Pharmaceuticals Inc. | Sold out | 0.00% | −0.03 |
| ASR Grupo Aeroportuario Sur-ADR | Reduce -21.2% | 0.11% | −0.02 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.02 |
| CTRE Caretrust REIT Inc. | Sold out | 0.00% | −0.02 |
| BNS Bank of Nova Scotia | Reduce -0.6% | 0.29% | −0.02 |
| AEIS Advanced Energy Industries | Sold out | 0.00% | −0.02 |
| SITM Sitime Corp. | Sold out | 0.00% | −0.02 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.02 |
| TTMI TTM Technologies | Sold out | 0.00% | −0.02 |
| MOG.A Moog Inc. Class A | Sold out | 0.00% | −0.02 |
| KGC Kinross Gold Corp. | Reduce -14.4% | 0.23% | −0.02 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.02 |
| MS Morgan Stanley | Reduce -0.6% | 0.19% | −0.02 |
| SOLS Solstice Adv Materials Inc. | Reduce -74.5% | 0.01% | −0.02 |
| ALC Alcon Inc. | Reduce -1.9% | 0.16% | −0.02 |
| NVT Nvent Electric PLC | Sold out | 0.00% | −0.02 |
| OMAB Grupo Aeroportuario Cen-ADR | Reduce -21.3% | 0.07% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -0.9% | 0.16% | −0.01 |
| ES Eversource Energy | Reduce -4.2% | 0.50% | −0.01 |
| C Citigroup Inc. | Reduce -1.9% | 0.20% | −0.01 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.01 |
| MGA Magna International Inc. | Reduce -14.4% | 0.08% | −0.01 |
| GM General Motors Co. | Reduce -3.5% | 0.07% | −0.01 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.01 |
| TGNA Tegna Inc. | Sold out | 0.00% | −0.01 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.01 |
| IT Gartner Inc. | Reduce -11.4% | 0.01% | −0.01 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.01 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.01 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.01 |
| VICR Vicor Corp. | Sold out | 0.00% | −0.01 |
| AIG American International Group | Reduce -2.1% | 0.04% | −0.01 |
| BTG B2GOLD Corp. | Reduce -11.0% | 0.06% | −0.01 |
| ADMA Adma Biologics Inc. | Reduce -0.8% | 0.01% | −0.01 |
| HI Hillenbrand Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| AZN Astrazeneca PLC | New | 0.67% | +0.67 |
| ENB Enbridge Inc. | Add +7.2% | 3.22% | +0.53 |
| TRP TC Energy Corp. | Add +7.2% | 1.77% | +0.30 |
| TTE Totalenergies SE | Add +17.5% | 0.62% | +0.25 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.73% | +0.21 |
| PBA Pembina Pipeline Corp. | Add +7.2% | 0.65% | +0.13 |
| CVX Chevron Corp. | Add +0.6% | 0.40% | +0.10 |
| JNJ Johnson & Johnson | Add +0.8% | 0.60% | +0.09 |
| FTS Fortis Inc. | Add +7.6% | 0.70% | +0.09 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.06% | +0.06 |
| SNDK Sandisk Corp. | Add +7.9% | 0.09% | +0.06 |
| COST Costco Wholesale Corp. | Add +0.5% | 0.45% | +0.06 |
| MU Micron Technology Inc. | Add +0.4% | 0.38% | +0.06 |
| LRCX Lam Research Corp. | Add +0.7% | 0.27% | +0.05 |
| WMT Walmart Inc. | Add +0.2% | 0.55% | +0.05 |
| IGF iShares Global Infrastructur | Add +95.7% | 0.09% | +0.05 |
| VZ Verizon Communications Inc. | Add +1.2% | 0.22% | +0.04 |
| SOBO South Bow Corp. | Add +7.4% | 0.17% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +1.5% | 0.10% | +0.03 |
| LIN Linde PLC | Add +1.2% | 0.24% | +0.03 |
| FER Ferrovial NV | Add +7.2% | 0.77% | +0.03 |
| INTC Intel Corp. | Add +0.5% | 0.20% | +0.03 |
| T AT&T Inc. | Add +0.6% | 0.20% | +0.03 |
| LMT Lockheed Martin Corp. | Add +0.7% | 0.13% | +0.02 |
| DE Deere & Co. | Add +0.7% | 0.14% | +0.02 |
| KO The Coca-Cola Co. | Add +0.6% | 0.30% | +0.02 |
| AGX Argan Inc. | New | 0.02% | +0.02 |
| FNV Franco-Nevada Corp. | Add +6.9% | 0.11% | +0.02 |
| CCJ Cameco Corp. | Add +7.3% | 0.11% | +0.02 |
| MTCH Match Group Inc. | Add +282.6% | 0.03% | +0.02 |
| LYB Lyondellbasell Indu Class A | New | 0.02% | +0.02 |
| WPM Wheaton Precious Metals Corp. | Add +7.1% | 0.14% | +0.02 |
| GILD Gilead Sciences Inc. | Add +0.9% | 0.18% | +0.02 |
| PWR Quanta Services Inc. | Add +2.9% | 0.08% | +0.02 |
| HON Honeywell International Inc. | Add +1.0% | 0.15% | +0.02 |
| BMO Bank of Montreal | Add +6.0% | 0.22% | +0.02 |
| MOH Molina Healthcare Inc. | Add +283.5% | 0.03% | +0.02 |
| TXN Texas Instruments Inc. | Add +0.5% | 0.18% | +0.02 |
| LW Lamb Weston Holdings Inc. | Add +304.8% | 0.02% | +0.02 |
| PFE Pfizer Inc. | Add +0.6% | 0.16% | +0.02 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | Add +1.3% | 0.22% | +0.02 |
| CP Canadian Pacific Kansas City | Add +5.1% | 0.16% | +0.02 |
| VSNT Versant Media Group Inc. | Add +292.8% | 0.02% | +0.02 |
| ETN Eaton Corp. PLC | Add +1.4% | 0.14% | +0.02 |
| PAYC Paycom Software Inc. | Add +299.4% | 0.02% | +0.02 |
| VSEC Vse Corp. | New | 0.02% | +0.02 |
| MDLN Medline Inc. Class A | New | 0.01% | +0.01 |
| RITM Rithm Capital Corp. | Add +335.8% | 0.02% | +0.01 |
| SM SM Energy Co. | Add +95.6% | 0.02% | +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 |