INVESTMENT BANKING AND SECURITIES DEALING

NAICS 523110 includes $144,580,044 in federal contract obligations across 7 ingested award records.

Quick answer

INVESTMENT BANKING AND SECURITIES DEALING has $144,580,044 in ingested federal contract obligations across 7 award records in this naics profile.

NAICS Snapshot

Total obligations$144,580,044
Award records7
Entity code523110
Data updatedMay 7, 2026
Top relationshipNISA INVESTMENT ADVISORS LLC
Top categoryPension Benefit Guaranty Corporation

Source: USAspending.gov. Last updated from ingested federal spending data: May 7, 2026.

Market Analysis

INVESTMENT BANKING AND SECURITIES DEALING has $144,580,044 across 7 ingested award records, with the analysis below generated only from visible tables on this page.

Trend Direction

INVESTMENT BANKING AND SECURITIES DEALING decreased from FY2022 to FY2026, moving from $7,012,095 to $983,870 in the ingested records.

  • Latest: $983,870
  • Previous: $7,012,095

Concentration

NISA INVESTMENT ADVISORS LLC accounts for 58.0% of INVESTMENT BANKING AND SECURITIES DEALING's visible obligations in this slice, which is the first concentration signal to review before treating the market as broad or fragmented.

  • Top relationship: NISA INVESTMENT ADVISORS LLC
  • Top value: $83,868,385

Buyer And Category Mix

Pension Benefit Guaranty Corporation is the largest visible secondary category at $136,584,079. Use this alongside the relationship table to separate one-off award activity from repeat market exposure.

  • Largest secondary category: Pension Benefit Guaranty Corporation
  • Category value: $136,584,079

Recent Award Signal

The latest displayed award is 16PBGC18C0006 from FY2021 with $83,868,385 in obligations. Recent rows help identify whether the profile is still active in current procurement data.

  • Award date: Not listed
Source caveats
  • USAspending records can be revised after initial publication.
  • Negative obligations and deobligations may affect totals in narrow slices.

Spending by Fiscal Year

FY20261 awards$983,870
FY20221 awards$7,012,095
FY20215 awards$136,584,079

Top Contractors

NISA INVESTMENT ADVISORS LLC1 awards$83,868,385
WELLINGTON MANAGEMENT COMPANY LLP1 awards$35,147,136
MFS INSTITUTIONAL ADVISORS INC1 awards$12,053,982
MADISON ASSOCIATES INC1 awards$7,012,095
PERFORMANCE EQUITY MANAGEMENT, LLC1 awards$4,452,077
GENERAL MOTORS INVESTMENT MANAGEMENT CORP1 awards$1,062,500
ELOCEN GROUP, LLC (THE)1 awards$983,870

Top Agencies

Pension Benefit Guaranty Corporation5 awards$136,584,079
Department of Homeland Security1 awards$7,012,095
Department of Transportation1 awards$983,870

Recent Awards

AwardRecipientFiscal yearObligationsDate
16PBGC18C0006NISA INVESTMENT ADVISORS LLC2021$83,868,385Not available
16PBGC18C0005WELLINGTON MANAGEMENT COMPANY LLP2021$35,147,136Not available
PBGC01CT170003MFS INSTITUTIONAL ADVISORS INC2021$12,053,982Not available
70VT1522F00011MADISON ASSOCIATES INC2022$7,012,095Not available
16PBGC20C0003PERFORMANCE EQUITY MANAGEMENT, LLC2021$4,452,077Not available
16PBGC20C0002GENERAL MOTORS INVESTMENT MANAGEMENT CORP2021$1,062,500Not available
693JJ426F00015NELOCEN GROUP, LLC (THE)2026$983,870Not available
Citation facts

INVESTMENT BANKING AND SECURITIES DEALING has $144,580,044 in ingested federal contract obligations across 7 award records in this naics profile.

Source
USAspending.gov procurement award records
Data updated
May 7, 2026
Canonical URL
https://www.govspending.us/naics/523110

Federal Contract Questions

How much federal contract spending is associated with INVESTMENT BANKING AND SECURITIES DEALING?

INVESTMENT BANKING AND SECURITIES DEALING has $144,580,044 in ingested contract obligations across 7 award records.

Which relationships matter most for INVESTMENT BANKING AND SECURITIES DEALING?

NISA INVESTMENT ADVISORS LLC is the largest listed relationship in this profile at $83,868,385.

Which industries or buyers are most visible?

Pension Benefit Guaranty Corporation is the largest listed secondary category at $136,584,079.

Source: USAspending.gov. Last updated from ingested federal spending data: May 7, 2026.

Methodology