NAICS 523: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Subsector
Code facts
- Part of
-
- 52
- Codes under it
- 3
- Contract awards
- 92 In the last 12 months
NAICS codes and definitions come from the U.S. Census Bureau and contract spending from SAM.gov/FPDS.
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | -$2,610,432 |
| FY2026 | $422,681,893 |
| FY2025 | -$1,727,595,350 |
| FY2024 | $923,028,084 |
| FY2023 | $61,837,603 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Carrington Mortgage Services LLC | $247,589,048 | |
| 2 | Ducks Unlimited, Inc. | $41,000,000 | |
| 3 | Selene Finance LP | $21,400,081 | |
| 4 | Pacific Investment Management Company LLC | $13,524,703 | |
| 5 | Coinbase Inc. | $12,544,805 | |
| 6 | Arrowstreet Capital LP | $12,299,565 | |
| 7 | Pgim, Inc. | $10,587,759 | |
| 8 | Wellington Management Company LLP | $9,820,983 | |
| 9 | Nisa Investment Advisors LLC | $6,894,705 | |
| 10 | Allspring Global Investments, LLC | $6,683,091 |
See the full FY2025 ranking of NAICS 523 contractors, by parent company.
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Housing and Urban Development | $273,787,003 | |
| 2 | Pension Benefit Guaranty Corporation | $80,939,980 | |
| 3 | Department of the Army | $41,000,000 | |
| 4 | Department of Justice | $9,601,226 | |
| 5 | Department of the Interior | $5,121,590 | |
| 6 | Department of State | $4,423,250 | |
| 7 | International Development Finance Corporation | $1,699,735 | |
| 8 | Department of Transportation | $983,870 | |
| 9 | Export Import Bank of the US | $902,750 | |
| 10 | Department of Agriculture | $361,586 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 |
R408 Program Management/ |
$270,172,999 | |
| 2 | R710 Support – Management: Financial | $79,657,597 | |
| 3 | F999 Other Environmental Services, Studies, and Analytical Support | $41,000,000 | |
| 4 | R499 Other Professional Services | $14,785,598 | |
| 5 | R703 Accounting Services (NOTE: New code created for Financial Services See R710 below) | $3,999,014 | |
| 6 | R799 Other Management Support Services | $1,495,705 | |
| 7 | R418 Legal Services | $1,187,333 | |
| 8 | R411 Real Property Appraisals Services (SIC 6531) | $938,422 | |
| 9 |
R410 Support – Professional: Program Evaluation/ |
$902,750 | |
| 10 | R401 Personal Care Services (includes such services as barber and beauty shop, shoe repairs, tailoring, etc.) | $879,962 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | California | $266,870,579 | |
| 2 | Mississippi | $41,000,000 | |
| 3 | District of Columbia | $27,294,933 | |
| 4 | Texas | $21,400,081 | |
| 5 | Massachusetts | $18,590,391 | |
| 6 | Missouri | $6,894,705 | |
| 7 | New Jersey | $5,987,759 | |
| 8 | New York | $5,821,175 | |
| 9 | Maryland | $1,918,163 | |
| 10 | Connecticut | $1,804,389 | |
| 11 | Washington | $1,088,474 | |
| 12 | Virginia | $868,407 | |
| 13 | Illinois | $867,333 | |
| 14 | Iowa | $805,610 | |
| 15 | Ohio | $602,958 | |
| 16 | Georgia | $437,634 | |
| 17 | Wisconsin | $233,217 | |
| 18 | Florida | $203,560 | |
| 19 | Arizona | $79,751 | |
| 20 | Colorado | $19,478 |
Show all 20
Shares are of everything obligated under NAICS 523 in the last 12 months before deobligations, including work performed abroad or with no place of performance on record.
Contract opportunities
Show 40 more
Latest 50 of 657 listed here. See the rest on GovTribe.
Codes under 523
Definition
Industries in the Securities, Commodity Contracts, and Other Financial Investments and Related Activities subsector group establishments that are primarily engaged in one of the following: (1) underwriting securities issues and/or making markets for securities and commodities; (2) acting as agents (i.e., brokers) between buyers and sellers of securities and commodities; (3) providing securities and commodity exchange services; and (4) providing other services, such as managing portfolios of assets; providing investment advice; and trust, fiduciary, and custody services.
Quick answers
What is NAICS 523?
NAICS 523 is Securities, Commodity Contracts, and Other Financial Investments and Related Activities, a subsector in NAICS 52, Finance and Insurance.
What codes are under NAICS 523?
NAICS 523 has 3 codes under it with their own GovTribe pages: 5231 Securities and Commodity Contracts Intermediation and Brokerage, 5232 Securities and Commodity Exchanges and 5239 Other Financial Investment Activities.
Who are the largest contractors under NAICS 523?
The contractors with the most obligated under NAICS 523 in fiscal years 2026 and 2027 are Carrington Mortgage Services LLC ($247,589,048); Ducks Unlimited, Inc. ($41,000,000); and Selene Finance LP ($21,400,081).
Which agencies buy the most under NAICS 523?
The agencies that obligated the most under NAICS 523 in fiscal years 2026 and 2027 are Department of Housing and Urban Development ($273,787,003), Pension Benefit Guaranty Corporation ($80,939,980) and Department of the Army ($41,000,000).
Which PSC codes are used with NAICS 523?
The PSC codes with the most obligated under NAICS 523 in fiscal years 2026 and 2027 are R408 Program Management/
Where is the work under NAICS 523 performed?
By place of performance, the states with the most contract obligations under NAICS 523 over the last 12 months are California ($266,870,579), Mississippi ($41,000,000) and the District of Columbia ($27,294,933).
What is the latest contract opportunity under NAICS 523?
The latest contract opportunity under NAICS 523 is Cryptocurrency Managed Services, limited / sole source justification from US Marshals Service, posted October 27, 2026.
On GovTribe
See everything under NAICS 523
- Federal contract opportunities, awards and IDVs under this code
- Funding analysis by contractor, agency and set-aside
- Contacts who buy under this code
- Ask GovTribe AI about this code