# Maryland State Retirement & Pension System

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1795552. Source: https://holderbook.com/funds/1795552-maryland-state-retirement-pension-system/

- Reported value: $5.8B
- Positions: 1,423
- Weight of the ten largest: 23.3%
- Filed: 2026-07-30

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $250.9M | 1,253,858 | 4.3% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $224.9M | 777,141 | 3.9% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $149.0M | 399,389 | 2.6% | 15 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $141.3M | 2,608,729 | 2.4% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $124.3M | 521,524 | 2.1% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $112.0M | 313,278 | 1.9% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $94.5M | 250,143 | 1.6% | 23 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $91.0M | 1,224,447 | 1.6% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $90.3M | 255,665 | 1.5% | 23 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $82.3M | 1,244,456 | 1.4% | 15 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $76.3M | 466,562 | 1.3% | 23 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $70.0M | 60,625 | 1.2% | 15 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $66.6M | 118,220 | 1.1% | 15 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $66.1M | 157,119 | 1.1% | 15 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $62.7M | 1,960,003 | 1.1% | 15 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $60.7M | 654,670 | 1.0% | 15 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $57.5M | 214,596 | 1.0% | 15 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $57.3M | 2,999,375 | 1.0% | 15 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $54.9M | 631,175 | 0.9% | 15 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $51.5M | 42,948 | 0.9% | 23 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $50.7M | 87,312 | 0.9% | 23 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $50.5M | 1,373,237 | 0.9% | 15 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $50.2M | 209,979 | 0.9% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $50.1M | 100,185 | 0.9% | 23 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $47.7M | 1,023,282 | 0.8% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $47.1M | 143,851 | 0.8% | 15 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $41.3M | 161,451 | 0.7% | 15 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $40.9M | 369,358 | 0.7% | 23 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $40.6M | 155,975 | 0.7% | 15 |
| FERROVIAL NV | [FER](https://holderbook.com/stocks/FER/) | $40.5M | 591,089 | 0.7% | 9 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $37.6M | 222,129 | 0.6% | 15 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $37.1M | 2,207,392 | 0.6% | 15 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $35.6M | 621,346 | 0.6% | 15 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $33.1M | 160,116 | 0.6% | 14 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $33.1M | 436,971 | 0.6% | 23 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $33.0M | 236,091 | 0.6% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $32.9M | 129,702 | 0.6% | 15 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $32.1M | 171,841 | 0.6% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $30.9M | 42,680 | 0.5% | 23 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $30.6M | 224,046 | 0.5% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $30.5M | 88,893 | 0.5% | 15 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $29.3M | 241,034 | 0.5% | 14 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $29.2M | 67,294 | 0.5% | 7 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $29.1M | 628,603 | 0.5% | 15 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $28.8M | 654,087 | 0.5% | 22 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $28.8M | 167,136 | 0.5% | 22 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $28.7M | 385,130 | 0.5% | 23 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $28.4M | 572,521 | 0.5% | 14 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $27.3M | 377,225 | 0.5% | 23 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $26.8M | 236,361 | 0.5% | 15 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $26.1M | 24,464 | 0.4% | 23 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $25.9M | 333,712 | 0.4% | 3 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $25.7M | 195,521 | 0.4% | 23 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $25.3M | 221,810 | 0.4% | 14 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $25.0M | 212,784 | 0.4% | 23 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $24.0M | 95,359 | 0.4% | 23 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $22.8M | 479,268 | 0.4% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.4M | 23,905 | 0.4% | 23 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $22.4M | 43,517 | 0.4% | 15 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $21.3M | 70,496 | 0.4% | 15 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $20.8M | 55,652 | 0.4% | 15 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $20.3M | 356,355 | 0.3% | 23 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $20.2M | 48,656 | 0.3% | 15 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $20.0M | 355,372 | 0.3% | 15 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $19.7M | 497,975 | 0.3% | 14 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $19.1M | 108,177 | 0.3% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $19.0M | 53,762 | 0.3% | 15 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $18.8M | 180,946 | 0.3% | 13 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $18.7M | 105,785 | 0.3% | 15 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $18.6M | 214,814 | 0.3% | 14 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $18.4M | 125,686 | 0.3% | 15 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $17.8M | 7,846 | 0.3% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $17.1M | 133,373 | 0.3% | 15 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $17.0M | 14,509 | 0.3% | 10 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $17.0M | 148,158 | 0.3% | 14 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $17.0M | 209,527 | 0.3% | 23 |
| COMPANHIA DE SANEAMENTO BASI | [SBS](https://holderbook.com/stocks/SBS/) | $16.7M | 2,880,797 | 0.3% | 15 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $16.6M | 100,027 | 0.3% | 23 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $16.2M | 226,199 | 0.3% | 15 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $15.7M | 15,550 | 0.3% | 15 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $15.2M | 84,109 | 0.3% | 15 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $14.9M | 101,782 | 0.3% | 20 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $14.8M | 43,256 | 0.3% | 15 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $14.6M | 49,059 | 0.3% | 15 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $14.3M | 50,760 | 0.2% | 15 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $14.0M | 119,808 | 0.2% | 15 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $13.9M | 46,823 | 0.2% | 15 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $13.8M | 72,779 | 0.2% | 15 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $13.7M | 165,273 | 0.2% | 15 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $13.6M | 92,472 | 0.2% | 15 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $13.3M | 362,804 | 0.2% | 5 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $12.9M | 24,887 | 0.2% | 14 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $12.9M | 91,938 | 0.2% | 23 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $12.6M | 60,485 | 0.2% | 15 |
| GRUPO AEROPORTUNARIO DEL PAC | [PAC](https://holderbook.com/stocks/PAC/) | $12.6M | 49,768 | 0.2% | 15 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $11.7M | 18,251 | 0.2% | 15 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $11.6M | 65,583 | 0.2% | 23 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $11.5M | 213,734 | 0.2% | 14 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $10.9M | 42,711 | 0.2% | 23 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $10.9M | 284,005 | 0.2% | 22 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.6% | +14.8% | -5.2% | 100% |
| Q1 2026 | +1.0% | -4.6% | +5.6% | 100% |
| Q4 2025 | +1.4% | +2.4% | -0.9% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.0% | 100% |
| Q2 2025 | +6.8% | +10.5% | -3.7% | 100% |
| Q1 2025 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.0% | 100% |
| Q3 2024 | +7.4% | +5.4% | +2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $5.8B | 1,423 |
| Q1 2026 | $4.9B | 1,352 |
| Q4 2025 | $4.9B | 1,369 |
| Q3 2025 | $4.8B | 1,368 |
| Q2 2025 | $4.6B | 1,488 |
| Q1 2025 | $4.2B | 1,450 |
| Q4 2024 | $4.6B | 1,512 |
| Q3 2024 | $4.8B | 1,521 |
| Q2 2024 | $5.4B | 1,547 |
| Q1 2024 | $5.0B | 1,535 |
| Q4 2023 | $4.9B | 1,550 |
| Q3 2023 | $4.4B | 1,533 |