Latest Maryland State Retirement & Pension System Stock Portfolio

Maryland State Retirement & Pension System Performance:

2025 Q4: 1.29%YTD: 12.86%2024: 21.46%

Performance for 2025 Q4 is 1.29%, and YTD is 12.86%, and 2024 is 21.46%.

About Maryland State Retirement & Pension System and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Maryland State Retirement & Pension System reported an equity portfolio of $4.9 Billions as of 31 Dec, 2025.

The top stock holdings of Maryland State Retirement & Pension System are NVDA, AAPL, MSFT. The fund has invested 4.5% of it's portfolio in NVIDIA CORPORATION and 4.1% of portfolio in APPLE INC.

The fund managers got completely rid off MR COOPER GROUP INC (COOP), TELUS CORPORATION (TU) and STERLING INFRASTRUCTURE INC (STRL) stocks. They significantly reduced their stock positions in BORGWARNER INC (BWA), SANDISK CORP and DUPONT DE NEMOURS INC (DD). Maryland State Retirement & Pension System opened new stock positions in TOTALENERGIES SE, CAMECO CORP (CCJ) and PRIMORIS SVCS CORP (PRIM). The fund showed a lot of confidence in some stocks as they added substantially to LKQ CORP (LKQ), MOHAWK INDS INC (MHK) and EASTMAN CHEM CO (EMN).

Maryland State Retirement & Pension System Annual Return Estimates Vs S&P 500

Our best estimate is that Maryland State Retirement & Pension System made a return of 1.29% in the last quarter. In trailing 12 months, it's portfolio return was 12.86%.

Performance
S&P 500

New Buys

Ticker	$ Bought
totalenergies se	18,168,900
cameco corp	4,172,200
solstice advanced matls inc	1,515,020

New stocks bought by Maryland State Retirement & Pension System

Additions

Ticker	% Inc.
lkq corp	310
mohawk inds inc	309
eastman chem co	306
carmax inc	296
omnicom group inc	71.6
brookfield corp	50.33
ishares tr	45.3
ishares tr	39.02

Additions to existing portfolio by Maryland State Retirement & Pension System

Reductions

Ticker	% Reduced
sandisk corp	-74.79
ishares tr	-38.5
general mls inc	-7.86
on semiconductor corp	-7.38
ishares tr	-6.84
brookfield infrastructure co	-6.47
grupo aeroportuario del cent	-6.28
grupo aeroportuario del sure	-6.08

Maryland State Retirement & Pension System reduced stake in above stock

Sold off

None of the stocks were completely sold off by Maryland State Retirement & Pension System

Sector Distribution

Maryland State Retirement & Pension System has about 21.9% of it's holdings in Technology sector.

Sector	%
Technology	21.9
Others	14.1
Energy	13
Utilities	8.5
Financial Services	7.6
Consumer Cyclical	7.1
Healthcare	6.6
Communication Services	6.6
Industrials	5.9
Real Estate	4.4
Consumer Defensive	3
Basic Materials	1.2

Market Cap. Distribution

Maryland State Retirement & Pension System has about 79.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	43.4
MEGA-CAP	36.5
UNALLOCATED	14.2
MID-CAP	5.3

Stocks belong to which Index?

About 73% of the stocks held by Maryland State Retirement & Pension System either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	68.8
Others	27
RUSSELL 2000	4.2

Top 5 Winners (%)		%
LITE	lumentum hldgs inc	111.6 %
	fortrea hldgs inc	102.7 %
VSCO	victorias secret and co	97.5 %
ARWR	arrowhead pharmaceuticals in	90.9 %
EXAS	exact sciences corp	77.0 %

Top 5 Winners ($)		$
GOOG	alphabet inc	20.3 M
GOOG	alphabet inc	16.6 M
AAPL	apple inc	12.5 M
LLY	eli lilly & co	12.5 M
MU	micron technology inc	6.6 M

Top 5 Losers (%)		%
TPL	texas pacific land corporati	-60.0 %
FMC	fmc corp	-58.6 %
CORT	corcept therapeutics inc	-58.0 %
LRN	stride inc	-56.1 %
MSTR	strategy inc	-52.8 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-12.7 M
LNG	cheniere energy inc	-8.7 M
META	meta platforms inc	-8.1 M
AMT	american tower corp new	-7.7 M
ORCL	oracle corp	-7.2 M

Maryland State Retirement & Pension System Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Maryland State Retirement & Pension System

Maryland State Retirement & Pension System has 1369 stocks in it's portfolio. About 25.5% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Maryland State Retirement & Pension System last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.04	14,489	1,971,520	unchanged	0.00

AAPL	apple inc	4.08	729,503	198,323,000	added	0.59

AAXJ	ishares tr	0.08	56,456	4,031,520	reduced	-38.5

AAXJ	ishares tr	0.04	32,336	1,984,140	reduced	-6.84

ABBV	abbvie inc	0.42	88,502	20,221,800	added	0.23

ABC	cencora inc	0.06	9,042	3,053,940	unchanged	0.00

ABNB	airbnb inc	0.06	20,985	2,848,080	unchanged	0.00

ABT	abbott labs	0.22	86,355	10,819,400	unchanged	0.00

ADBE	adobe inc	0.15	20,935	7,327,040	reduced	-1.32

ADI	analog devices inc	0.14	24,738	6,708,950	unchanged	0.00

ADM	archer daniels midland co	0.03	23,231	1,335,550	unchanged	0.00

ADP	automatic data processing in	0.11	20,317	5,226,140	unchanged	0.00

ADSK	autodesk inc	0.06	10,731	3,176,480	added	2.29

AEE	ameren corp	0.03	13,830	1,381,060	unchanged	0.00

AEIS	advanced energy inds	0.02	5,530	1,157,820	added	2.16

AEM	agnico eagle mines ltd	0.46	132,713	22,516,400	reduced	-0.15

AEP	american elec pwr co inc	0.06	26,944	3,106,910	unchanged	0.00

AFL	aflac inc	0.06	24,090	2,656,400	unchanged	0.00

AFRM	affirm hldgs inc	0.02	13,650	1,015,970	unchanged	0.00

AIG	american intl group inc	0.05	28,083	2,402,500	reduced	-2.77