PNC Financial Services Group Portfolio holdings
PNC Financial Services Group, Inc., tracing its roots to 1852 through the merger of Pittsburgh National and Provident National in 1983, is a major U.S. bank headquartered in Pittsburgh, Pennsylvania, offering retail banking, corporate banking, and asset management services across 28 states and Washington, D.C. Managing over $560 billion in assets as of late 2024, PNC serves millions of customers through its extensive network of branches and ATMs, bolstered by its 2021 acquisition of BBVA USA, which expanded its footprint into the Southeast and Southwest. Known for its conservative banking approach and strong community focus, PNC provides wealth management via PNC Private Bank and institutional services, including one of the nation’s largest treasury management operations, under CEO William S. Demchak since 2013. With a legacy tied to steel-era Pittsburgh and a modern emphasis on digital banking and sustainability, PNC ranks among the top U.S. banks by assets and market presence.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Intl Quality Factor ETF
IQLT
|
+$944M |
| 2 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$824M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$391M |
| 4 |
iShares US Treasury Bond ETF
GOVT
|
+$309M |
| 5 |
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
|
+$55.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Erie Indemnity
ERIE
|
+$7.48B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$213M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$171M |
| 4 |
Apple
AAPL
|
+$103M |
| 5 |
Fidelity MSCI Real Estate Index ETF
FREL
|
+$92.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 26.62% |
| 2 | Technology | 10.6% |
| 3 | Financials | 6.29% |
| 4 | Consumer Discretionary | 5.24% |
| 5 | Consumer Staples | 4.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2626
1st Source
SRCE
$2.12B
| $89.6K | ﹤0.01% |
2,138
-88
| -4% | -$3.78K |
|
2627
Strive US Energy ETF
DRLL
$284M
| $89.5K | ﹤0.01% |
3,273
+245
| +8% | +$6.71K |
|
2628
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$293M
| $89.5K | ﹤0.01% |
+3,090
| New | +$90.5K |
|
|
NEXI
2629
DELISTED
NexImmune, Inc. Common Stock
NEXI
| $89.1K | ﹤0.01% |
12,642
| – | – |
|
2630
Appian
APPN
$2.48B
| $89.1K | ﹤0.01% |
1,872
+142
| +8% | +$5.98K |
|
2631
Brady Corp
BRC
$4.57B
| $89.1K | ﹤0.01% |
1,873
-529
| -22% | -$26.6K |
|
2632
SiTime
SITM
$21.8B
| $88.9K | ﹤0.01% |
754
-8
| -1% | -$873 |
|
|
SBI
2633
Western Asset Intermediate Muni Fund
SBI
$108M
| $88.9K | ﹤0.01% |
11,664
| – | – |
|
2634
Global Net Lease
GNL
$1.95B
| $88.7K | ﹤0.01% |
8,626
+3,727
| +76% | +$40.1K |
|
|
MMD
2635
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$282M
| $88.6K | ﹤0.01% |
5,192
| – | – |
|
|
TSI
2636
TCW Strategic Income Fund
TSI
$213M
| $88.5K | ﹤0.01% |
19,118
| – | – |
|
2637
StoneCo
STNE
$2.58B
| $88.3K | ﹤0.01% |
6,929
+5,483
| +379% | +$68.4K |
|
|
EFT
2638
Eaton Vance Floating-Rate Income Trust
EFT
$288M
| $88.2K | ﹤0.01% |
7,551
-400
| -5% | -$4.58K |
|
|
XHR
2639
Xenia Hotels & Resorts
XHR
$1.79B
| $88.1K | ﹤0.01% |
7,156
+114
| +2% | +$1.42K |
|
2640
iShares Morningstar US Equity ETF
ILCB
$1.32B
| $87.9K | ﹤0.01% |
1,438
+400
| +39% | +$23.1K |
|
2641
Hertz
HTZ
$809M
| $87.8K | ﹤0.01% |
4,772
+2,127
| +80% | +$34.9K |
|
|
SCS
2642
DELISTED
Steelcase
SCS
| $87.7K | ﹤0.01% |
11,377
-2,956
| -21% | -$22.3K |
|
2643
Hope Bancorp
HOPE
$1.79B
| $87.6K | ﹤0.01% |
10,400
-1,281
| -11% | -$11.2K |
|
2644
Enerpac Tool Group
EPAC
$1.93B
| $87.4K | ﹤0.01% |
3,236
+339
| +12% | +$8.6K |
|
2645
Barrett Business Services
BBSI
$804M
| $87.2K | ﹤0.01% |
4,000
-16
| -0.4% | -$343 |
|
2646
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.4B
| $87.2K | ﹤0.01% |
4,474
-724
| -14% | -$13.8K |
|
2647
RPC Inc
RES
$1.3B
| $87K | ﹤0.01% |
12,172
-570
| -4% | -$4.17K |
|
2648
BRC Group Holdings
RILY
$289M
| $86.9K | ﹤0.01% |
1,891
+1,402
| +287% | +$49.3K |
|
2649
Levi Strauss
LEVI
$9.39B
| $86.9K | ﹤0.01% |
6,020
| – | – |
|
2650
Oramed Pharmaceuticals
ORMP
$179M
| $86.5K | ﹤0.01% |
24,175
| – | – |
|
Similar funds
PNC Financial Services Group's Q2 2023 Portfolio in Review
As of Q2 2023, PNC Financial Services Group held 4,933 positions worth $117B, up 3% from $114B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
PNC Financial Services Group withdrew a net $7.06B in Q2 2023, closing 201 positions and reducing 1,980 holdings. Its most notable exit was SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML), an estimated $57.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 22% a quarter earlier, followed by Technology and Financials.
Against the trend, PNC Financial Services Group opened a new position in TCW Transform 500 ETF worth $7.99M.
- PNC Financial Services Group's largest Q2 2023 buy was TCW Transform 500 ETF: 154,866 shares worth $7.99M.
- PNC Financial Services Group added most to iShares MSCI Intl Quality Factor ETF in Q2 2023, an estimated $944M increase.
- PNC Financial Services Group's biggest Q2 2023 reduction was Erie Indemnity, cutting an estimated $7.48B.
- PNC Financial Services Group fully exited SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML) in Q2 2023, selling an estimated $57.6M.
- PNC Financial Services Group's ten largest holdings make up 41% of its $117B portfolio in Q2 2023.
- PNC Financial Services Group opened 225 new positions and closed 201 in Q2 2023.
- PNC Financial Services Group's portfolio value rose 3% quarter-over-quarter to $117B.
Based on PNC Financial Services Group's 13F filing for Q2 2023, filed 11 Aug 2023.