Top 93 Contractors in NAICS 523: Securities, Commodity Contracts, and Other Financial Investments and Related Activities, FY2025

Name: Top 93 Contractors in NAICS 523: Securities, Commodity Contracts, and Other Financial Investments and Related Activities, FY2025
Creator: GovTribe

Parent companies by net contract obligations Oct 1, 2024 – Sep 30, 2025 Code page on GovTribe

The top 10 won 34% of FY2025 NAICS 523 contract dollars

Contract obligations: -$1,727,595,350 Net of deobligations, by contracts coded NAICS 523 or a code under it
Contractors: 102 Parent companies with an obligation
Largest contractor: Ducks Unlimited, Inc. $15 million, 5.6% of obligations
Data as of: Oct 14, 2026

Contract actions from FPDS (SAM.gov). How the rankings work · Download all 93 rows as CSV

Full ranking

Rank	Contractor	Net obligations	Share	Trend
1	Ducks Unlimited, Inc. Top agencies Army (Department of the Army)	$15,000,000	5.6%	Rank history: not on the FY2021–FY2024 lists; new.
2	Wellington Management Company LLP Top agencies PBGC (Pension Benefit Guaranty Corporation)	$10,500,000	3.9%	Rank history: #41 in FY2021 and not on the FY2022–FY2024 lists; returned.
3	Pacific Investment Management Company LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$10,280,000	3.8%	Rank history: #10 in FY2021, #5 in FY2022, #5 in FY2023 and #8 in FY2024; up 5 since FY2024.
4	Nisa Investment Advisors LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$10,070,000	3.8%	Rank history: #11 in FY2021, #9 in FY2022, #2 in FY2023 and #5 in FY2024; up 1 since FY2024.
5	Arrowstreet Capital LP Top agencies PBGC (Pension Benefit Guaranty Corporation)	$9,800,000	3.7%	Rank history: #14 in FY2021, #11 in FY2022, #8 in FY2023 and #10 in FY2024; up 5 since FY2024.
6	Archetype II LLC Top agencies DOE (Department of Energy)	$9,495,304	3.6%	Rank history: #12 in FY2021, #4 in FY2022, #1 in FY2023 and #3 in FY2024; down 3 since FY2024.
7	Prudential Financial Inc. Through Pgim, Inc. Top agencies PBGC (Pension Benefit Guaranty Corporation)	$8,600,000	3.2%	Rank history: #9 in FY2021, #7 in FY2022, #7 in FY2023 and #7 in FY2024; unchanged since FY2024.
8	Marathon Asset Management Limited Top agencies PBGC (Pension Benefit Guaranty Corporation)	$6,600,000	2.5%	Rank history: not on the FY2021 list, #3 in FY2022, #12 in FY2023 and #24 in FY2024; up 16 since FY2024.
9	Delta Land Services LLC Top agencies Army (Department of the Army)	$5,147,700	1.9%	Rank history: #4 in FY2021, #8 in FY2022, #6 in FY2023 and not on the FY2024 list; returned.
10	Allspring Global Investments, LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$4,800,000	1.8%	Rank history: not on the FY2021–FY2024 lists; new.
11	The Goldman Sachs Group Inc Through Goldman Sachs Asset Management, L.P Top agencies PBGC (Pension Benefit Guaranty Corporation)	$4,720,000	1.8%	Rank history: not on the FY2021–FY2024 lists; new.
12	ManTech International Corporation Through TCW Asset Management Company LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$3,860,000	1.4%	Rank history: not on the FY2021–FY2024 lists; new.
13	Command Services & Support, Inc. Top agencies DOJ (Department of Justice)	$3,833,600	1.4%	Rank history: not on the FY2021–FY2024 lists; new.
14	Neuberger Berman Investment Advisers LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,900,000	1.1%	Rank history: not on the FY2021–FY2023 lists and #20 in FY2024; up 6 since FY2024.
15	Principal Financial Group Inc. Through Principal Real Estate Investors LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,650,000	1.0%	Rank history: not on the FY2021–FY2024 lists; new.
16	Guidehouse Inc. Top agencies HUD (Department of Housing and Urban Development)	$2,634,910	1.0%	Rank history: not on the FY2021–FY2024 lists; new.
17	MFS Institutional Advisors Inc Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,520,000	0.9%	Rank history: not on the FY2021–FY2024 lists; new.
18	Innovest Systems, LLC Top agencies DOI (Department of the Interior)	$2,500,000	0.9%	Rank history: not on the FY2021–FY2023 lists and #13 in FY2024; down 5 since FY2024.
19	Duff & Phelps Investment Management Co Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,180,000	0.8%	Rank history: not on the FY2021–FY2024 lists; new.
20	Nuveen Asset Management, LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$2,120,000	0.8%	Rank history: #31 in FY2021, #23 in FY2022, #28 in FY2023 and #58 in FY2024; up 38 since FY2024.
21	Baillie Gifford Overseas Limited Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,900,000	0.7%	Rank history: not on the FY2021–FY2023 lists and #43 in FY2024; up 22 since FY2024.
22	Madison Associates Inc. Top agencies DHS (Department of Homeland Security) DOJ (Department of Justice) Government Publishing Office	$1,790,481	0.7%	Rank history: #37 in FY2021, #28 in FY2022, #13 in FY2023 and #17 in FY2024; down 5 since FY2024.
23	Recursion Co Top agencies HUD (Department of Housing and Urban Development)	$1,499,811	0.6%	Rank history: not on the FY2021–FY2024 lists; new.
24	State Street Corporation 2 awardees Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,307,827	0.5%	Rank history: #22 in FY2021, #27 in FY2022, #20 in FY2023 and #14 in FY2024; down 10 since FY2024.
25	S&P Global Market Intelligence LLC Top agencies DOJ (Department of Justice) DOI (Department of the Interior)	$1,266,360	0.5%	Rank history: not on the FY2021–FY2023 lists and #71 in FY2024; up 46 since FY2024.
26	Mercer Investments LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,225,363	0.5%	Rank history: not on the FY2021–FY2023 lists and #27 in FY2024; up 1 since FY2024.
27	Merganser Capital Management, LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,130,000	0.4%	Rank history: not on the FY2021–FY2023 lists and #36 in FY2024; up 9 since FY2024.
28	Summit Fire Protection Co. Through Blackrock Institutional Trust Company National Association Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,125,469	0.4%	Rank history: not on the FY2021–FY2024 lists; new.
29	LOS Angeles Capital Management LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,100,000	0.4%	Rank history: #24 in FY2021, #30 in FY2022, #19 in FY2023 and not on the FY2024 list; returned.
30	Spectrum International, Incorporated Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,086,284	0.4%	Rank history: #40 in FY2021, #41 in FY2022, #33 in FY2023 and #23 in FY2024; down 7 since FY2024.
31	Pugh Capital Management Inc. Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,025,000	0.4%	Rank history: #68 in FY2021, #40 in FY2022, #43 in FY2023 and #31 in FY2024; unchanged since FY2024.
32	Performance Equity Management, LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,000,000	0.4%	Rank history: not on the FY2021–FY2024 lists; new.
33	AQR Capital Management LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,000,000	0.4%	Rank history: #19 in FY2021, #18 in FY2022, not on the FY2023 list and #50 in FY2024; up 17 since FY2024.
34	Schroder Investment Management North America Inc. Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,000,000	0.4%	Rank history: not on the FY2021–FY2023 lists and #41 in FY2024; up 7 since FY2024.
35	Ninety One North America, Inc. Top agencies PBGC (Pension Benefit Guaranty Corporation)	$1,000,000	0.4%	Rank history: not on the FY2021–FY2024 lists; new.
36	IT Data Consulting L.L.C. Top agencies HUD (Department of Housing and Urban Development)	$973,360	0.4%	Rank history: not on the FY2021–FY2024 lists; new.
37	Ramirez Asset Management, Inc. Top agencies PBGC (Pension Benefit Guaranty Corporation)	$900,000	0.3%	Rank history: not on the FY2021–FY2023 lists and #39 in FY2024; up 2 since FY2024.
38	New Century Advisors LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$850,000	0.3%	Rank history: #65 in FY2021, #42 in FY2022, #35 in FY2023 and #34 in FY2024; down 4 since FY2024.
39	Longfellow Investment Management Co., LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$840,000	0.3%	Rank history: #67 in FY2021, #63 in FY2022, #47 in FY2023 and #35 in FY2024; down 4 since FY2024.
40	Asismed S.A. Top agencies DOS (Department of State)	$822,995	0.3%	Rank history: not on the FY2021–FY2024 lists; new.
41	Jpmorgan Chase & Co. Through J.p. Morgan Investment Management Inc. Top agencies PBGC (Pension Benefit Guaranty Corporation)	$620,000	0.2%	Rank history: not on the FY2021–FY2022 lists, #39 in FY2023 and not on the FY2024 list; returned.
42	National Investment Services of America, LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$550,000	0.2%	Rank history: not on the FY2021–FY2023 lists and #44 in FY2024; up 2 since FY2024.
43	Ice Data Pricing & Reference Data, LLC Top agencies Treasury (Department of the Treasury) SEC (Securities and Exchange Commission) PBGC (Pension Benefit Guaranty Corporation)	$447,550	0.2%	Rank history: #62 in FY2021, #55 in FY2022, #49 in FY2023 and #33 in FY2024; down 10 since FY2024.
44	CRA International, Inc. Top agencies DOJ (Department of Justice)	$428,240	0.2%	Rank history: #48 in FY2021, #38 in FY2022, #46 in FY2023 and #32 in FY2024; down 12 since FY2024.
45	Western Asset Management Co, LLC Top agencies PBGC (Pension Benefit Guaranty Corporation)	$408,444	0.2%	Rank history: not on the FY2021–FY2024 lists; new.
46	El Mejor S.R.L. Top agencies DOS (Department of State)	$313,127	0.1%	Rank history: not on the FY2021–FY2022 lists, #41 in FY2023 and #45 in FY2024; down 1 since FY2024.
47	Cameroon Telecommunications Top agencies DOS (Department of State)	$244,503	0.1%	Rank history: not on the FY2021–FY2022 lists, #53 in FY2023 and not on the FY2024 list; returned.
48	Africa Automotive Distribution Services Limited Top agencies DOS (Department of State)	$199,362	0.1%	Rank history: not on the FY2021–FY2024 lists; new.
49	Halpern, Joseph Top agencies SEC (Securities and Exchange Commission)	$173,539	0.1%	Rank history: not on the FY2021–FY2023 lists and #51 in FY2024; up 2 since FY2024.
50	General Motors Company Through General Motors Investment Management Corp Top agencies PBGC (Pension Benefit Guaranty Corporation)	$150,000	0.1%	Rank history: #57 in FY2021, #47 in FY2022, #36 in FY2023 and #30 in FY2024; down 20 since FY2024.
51	Ice Data, LP Top agencies DOE (Department of Energy)	$138,816	0.1%	Rank history: not on the FY2021 list, #64 in FY2022 and not on the FY2023–FY2024 lists; returned.
52	C&E Ingenieros Civiles S.r.l Top agencies DOS (Department of State)	$138,316	0.1%	Rank history: not on the FY2021–FY2024 lists; new.
53	Swallow Tail, LLC Top agencies Army (Department of the Army)	$134,000	0.1%	Rank history: not on the FY2021–FY2024 lists; new.
54	Maria Fe Samaniego Quevedo Top agencies DOS (Department of State)	$111,802	<0.1%	Rank history: not on the FY2021–FY2023 lists and #63 in FY2024; up 9 since FY2024.
55	Velos Solutions, LLC Top agencies DOS (Department of State)	$105,920	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
56	Chainalysis Government Solutions LLC Top agencies DOS (Department of State)	$84,800	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
57	Internet Solutions Mozambique Limitada Top agencies DOS (Department of State)	$84,729	<0.1%	Rank history: not on the FY2021 list, #85 in FY2022, #56 in FY2023 and #56 in FY2024; down 1 since FY2024.
58	OTC Markets Group Inc. Top agencies SEC (Securities and Exchange Commission)	$84,000	<0.1%	Rank history: #83 in FY2021, #78 in FY2022, #66 in FY2023 and #57 in FY2024; down 1 since FY2024.
59	Cypress Associates LLC Top agencies Treasury (Department of the Treasury)	$72,229	<0.1%	Rank history: not on the FY2021 list, #60 in FY2022, #63 in FY2023 and not on the FY2024 list; returned.
60	Webmasters, Limitada Top agencies DOS (Department of State)	$70,338	<0.1%	Rank history: not on the FY2021–FY2022 lists, #62 in FY2023 and #61 in FY2024; up 1 since FY2024.
61	Fluid Solutions LLC 2 awardees Top agencies DOS (Department of State)	$66,559	<0.1%	Rank history: not on the FY2021–FY2022 lists, #61 in FY2023 and #73 in FY2024; up 12 since FY2024.
62	Factset Research Systems Inc. Top agencies ED (Department of Education)	$64,581	<0.1%	Rank history: #87 in FY2021, #80 in FY2022, #69 in FY2023 and #65 in FY2024; up 3 since FY2024.
63	STC World Wide LLC Top agencies DOS (Department of State)	$58,673	<0.1%	Rank history: not on the FY2021–FY2022 lists, #75 in FY2023 and #66 in FY2024; up 3 since FY2024.
64	Kirkland Messina, Inc. Top agencies DOL (Department of Labor)	$58,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
65	Toyotoshi SA Top agencies DOS (Department of State)	$56,400	<0.1%	Rank history: not on the FY2021–FY2023 lists and #48 in FY2024; down 17 since FY2024.
66	Christian Podleska & Vanmusschenbroek Ltd Top agencies DOI (Department of the Interior)	$55,152	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
67	SSH S.a. Top agencies DOS (Department of State)	$54,909	<0.1%	Rank history: not on the FY2021–FY2022 lists, #74 in FY2023 and #69 in FY2024; up 2 since FY2024.
68	U.s. Bank National Association Top agencies DFC (International Development Finance Corporation)	$50,000	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
69	Elocen Group, LLC (The) Top agencies CSB (Chemical Safety and Hazard Investigation Board)	$47,384	<0.1%	Rank history: #66 in FY2021, #54 in FY2022, #52 in FY2023 and #46 in FY2024; down 23 since FY2024.
70	Associacao Do Laboratorio De Sistemas Integraveis Tecnologico Lsi-Tec Top agencies DOS (Department of State)	$47,179	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
71	United Supply Alliance Inc. Top agencies DOS (Department of State)	$44,428	<0.1%	Rank history: #94 in FY2021 and not on the FY2022–FY2024 lists; returned.
72	Mobile Telephone Networks Cameroon Limited Top agencies DOS (Department of State)	$44,130	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
73	Conasa S.R.L. Top agencies DOS (Department of State)	$42,018	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
74	Elimec SRL Top agencies DOS (Department of State)	$38,400	<0.1%	Rank history: not on the FY2021–FY2022 lists, #82 in FY2023 and #76 in FY2024; up 2 since FY2024.
75	Telef. Celular Del Paraguay Sae (Telecel Sae) Top agencies DOS (Department of State)	$35,919	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
76	Avoca Island Mitigation Phase One, L.L.C. Top agencies Army (Department of the Army)	$35,181	<0.1%	Rank history: not on the FY2021–FY2022 lists, #95 in FY2023 and not on the FY2024 list; returned.
77	Azaveri Ltd Top agencies DOS (Department of State)	$34,446	<0.1%	Rank history: #81 in FY2021, #74 in FY2022 and not on the FY2023–FY2024 lists; up 27 since FY2024.
78	Columbus House, Inc. Top agencies VA (Department of Veterans Affairs)	$33,963	<0.1%	Rank history: not on the FY2021 list, #92 in FY2022, #80 in FY2023 and #78 in FY2024; unchanged since FY2024.
79	Omniverter Inc. Top agencies DOS (Department of State)	$32,875	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
80	MMD Construcoes LDA Top agencies DOS (Department of State)	$32,073	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
81	Carolina Water Specialties LLC Top agencies DOS (Department of State)	$28,042	<0.1%	Rank history: not on the FY2021–FY2022 lists, #85 in FY2023 and #82 in FY2024; up 1 since FY2024.
82	Mil Serve International Inc. Top agencies DOS (Department of State)	$26,482	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
83	Solumax Paraguay S.A. Top agencies DOS (Department of State)	$26,222	<0.1%	Rank history: not on the FY2021–FY2023 lists and #86 in FY2024; up 3 since FY2024.
84	Camfil USA Inc. Top agencies DOS (Department of State)	$21,022	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
85	Radwell International LLC Top agencies DOS (Department of State)	$16,370	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
86	Presentation Products Inc. Top agencies DOS (Department of State)	$15,140	<0.1%	Rank history: #79 in FY2021, #68 in FY2022, #97 in FY2023 and #94 in FY2024; up 8 since FY2024.
87	Inmarsat Government, Inc. Top agencies DOS (Department of State)	$14,798	<0.1%	Rank history: not on the FY2021–FY2023 lists and #95 in FY2024; up 8 since FY2024.
88	Chesapeake Systems, LLC Top agencies DOS (Department of State)	$13,565	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
89	Urbimoza Construcoes Sociedade Unipessoal, LDA Top agencies DOS (Department of State)	$11,227	<0.1%	Rank history: not on the FY2021–FY2023 lists and #90 in FY2024; up 1 since FY2024.
90	Nouvelle Piscine + Top agencies DOS (Department of State)	$9,036	<0.1%	Rank history: not on the FY2021–FY2024 lists; up 12 since FY2024.
91	Supplies & Services International Inc. Top agencies DOS (Department of State)	$8,520	<0.1%	Rank history: not on the FY2021–FY2024 lists; new.
92	Technical Communities, Inc. Top agencies DOS (Department of State)	$6,129	<0.1%	Rank history: not on the FY2021–FY2023 lists and #88 in FY2024; down 4 since FY2024.
93	Divine Construction Limited Company Top agencies DOS (Department of State)	$365	<0.1%	Rank history: not on the FY2021–FY2023 lists and #72 in FY2024; down 21 since FY2024.

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93 of 102 contractors listed here. See the rest on GovTribe.

Rankings for the codes under NAICS 523

Code	Net obligations	Largest contractor
5239 Other Financial Investment Activities	$123,255,513	Ducks Unlimited, Inc.

How this ranking works

Source: every contract action FPDS records (as published on SAM.gov) in the period, as GovTribe received it.
Amounts are net obligations: what was obligated, less what was deobligated. Shares are of $267 million obligated before deobligations, so they never pass 100%.
Parent companies: each action counts under the ultimate parent its award record names, or under the awardee when it names none, so no dollar counts twice. Parents of the same name (Inc., LLC and the like aside) count as one company, since FPDS records a company's parent under more than one UEI over time. GovTribe corrects a few parents and names by hand; see the corrections.
Fiscal year 2025 ran Oct 1, 2024 – Sep 30, 2025. The Department of Defense reports its contract actions to FPDS about 90 days late, so a fiscal year is ranked once they're in, in February, and the list doesn't change after.
Rank changes compare with FY2024. "New" marks a company outside that period's top 500, and "Returned" one of those that was on an earlier fiscal year's list.
Rank lines show each company's rank on every fiscal year's list since FY2021, #1 at the top, on a scale that gives the top of the list more room. A dashed stretch spans years it wasn't on the list. The step from FY2024 takes the color of the rank change beside it.
Placeholder recipients FPDS uses when it names no company ("Miscellaneous Foreign Contractors" and the like) aren't ranked.

Quick answers

Who were the top 10 NAICS 523 contractors in FY2025?

1. Ducks Unlimited, Inc. ($15M), 2. Wellington Management Company LLP ($10.5M), 3. Pacific Investment Management Company LLC ($10.3M), 4. Nisa Investment Advisors LLC ($10.1M), 5. Arrowstreet Capital LP ($9.8M), 6. Archetype II LLC ($9.5M), 7. Prudential Financial Inc. ($8.6M), 8. Marathon Asset Management Limited ($6.6M), 9. Delta Land Services LLC ($5.15M), 10. Allspring Global Investments, LLC ($4.8M).

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