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 |
Fidelity MSCI Real Estate Index ETF
FREL
|
+$233M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$204M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$119M |
| 4 |
Intel
INTC
|
+$95M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$80.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$17.1B |
| 2 |
Schwab US REIT ETF
SCHH
|
+$179M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$94.5M |
| 4 |
Waste Management
WM
|
+$86.6M |
| 5 |
RTN
Raytheon Company
RTN
|
+$67.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.03% |
| 2 | Consumer Discretionary | 11.38% |
| 3 | Healthcare | 8.84% |
| 4 | Financials | 8.61% |
| 5 | Consumer Staples | 5.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.61B
| $12.9M | 0.02% |
466,696
+71,603
| +18% | +$1.87M |
|
402
Idexx Laboratories
IDXX
$46.5B
| $12.8M | 0.02% |
38,704
+998
| +3% | +$289K |
|
|
VAR
403
DELISTED
Varian Medical Systems, Inc.
VAR
| $12.7M | 0.02% |
103,944
+366
| +0.4% | +$42.4K |
|
|
HI
404
DELISTED
Hillenbrand
HI
| $12.7M | 0.02% |
468,457
-9,191
| -2% | -$209K |
|
405
RPM International
RPM
$14.4B
| $12.6M | 0.02% |
167,315
+29,504
| +21% | +$2.05M |
|
406
TE Connectivity
TEL
$60.8B
| $12.6M | 0.02% |
153,931
-29,741
| -16% | -$2.24M |
|
407
Enbridge
ENB
$116B
| $12.5M | 0.02% |
411,697
-20,573
| -5% | -$632K |
|
408
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.41B
| $12.5M | 0.02% |
189,126
+12,767
| +7% | +$829K |
|
409
Vanguard FTSE Pacific ETF
VPL
$8.28B
| $12.5M | 0.02% |
196,239
-52,157
| -21% | -$3.15M |
|
410
iShares Core US REIT ETF
USRT
$4.61B
| $12.4M | 0.02% |
284,936
+39,971
| +16% | +$1.68M |
|
411
Xylem
XYL
$28B
| $12.2M | 0.02% |
187,229
+7,370
| +4% | +$486K |
|
412
CACI
CACI
$11.4B
| $12.1M | 0.02% |
55,821
+50,106
| +877% | +$12M |
|
413
Ball Corp
BALL
$16.8B
| $12.1M | 0.02% |
174,098
+716
| +0.4% | +$48.4K |
|
414
Bio-Techne
TECH
$11.2B
| $12.1M | 0.02% |
182,616
-12,512
| -6% | -$749K |
|
415
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.86B
| $12M | 0.02% |
112,762
-637
| -0.6% | -$65.2K |
|
416
Prologis
PLD
$131B
| $11.9M | 0.02% |
127,022
+11,973
| +10% | +$1.07M |
|
417
State Street Energy Select Sector SPDR ETF
XLE
$38.2B
| $11.8M | 0.02% |
623,192
-3,206
| -0.5% | -$59.6K |
|
418
MetLife
MET
$61B
| $11.8M | 0.02% |
322,448
-11,293
| -3% | -$393K |
|
419
Sanofi
SNY
$102B
| $11.7M | 0.02% |
229,146
-6,223
| -3% | -$302K |
|
420
Teleflex
TFX
$6.2B
| $11.6M | 0.02% |
31,921
-803
| -2% | -$277K |
|
421
Cognizant
CTSH
$24.6B
| $11.4M | 0.02% |
201,416
+42,493
| +27% | +$2.28M |
|
|
SCHW
422
Charles Schwab
SCHW
$185B
| $11.4M | 0.02% |
338,562
-37,785
| -10% | -$1.35M |
|
423
Quest Diagnostics
DGX
$25.5B
| $11.4M | 0.02% |
99,721
-407,170
| -80% | -$43.2M |
|
424
Vanguard Russell 1000 Value ETF
VONV
$20.9B
| $11.3M | 0.02% |
228,442
+80,600
| +55% | +$3.89M |
|
425
Micron Technology
MU
$990B
| $11.1M | 0.01% |
216,344
-34,382
| -14% | -$1.62M |
|
Similar funds
PNC Financial Services Group's Q2 2020 Portfolio in Review
As of Q2 2020, PNC Financial Services Group held 4,207 positions worth $75.2B, down 5.4% from $79.5B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
PNC Financial Services Group withdrew a net $17.5B in Q2 2020, closing 197 positions and reducing 1,807 holdings. Its most notable exit was Raytheon Company, an estimated $67.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 8.7% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, PNC Financial Services Group opened a new position in Fidelity MSCI Real Estate Index ETF worth $242M.
- PNC Financial Services Group's largest Q2 2020 buy was Fidelity MSCI Real Estate Index ETF: 10,344,502 shares worth $242M.
- PNC Financial Services Group added most to Invesco QQQ Trust in Q2 2020, an estimated $204M increase.
- PNC Financial Services Group's biggest Q2 2020 reduction was Blackrock, cutting an estimated $17.1B.
- PNC Financial Services Group fully exited Raytheon Company in Q2 2020, selling an estimated $67.3M.
- PNC Financial Services Group's ten largest holdings make up 26% of its $75.2B portfolio in Q2 2020.
- PNC Financial Services Group opened 202 new positions and closed 197 in Q2 2020.
- PNC Financial Services Group's portfolio value fell 5.4% quarter-over-quarter to $75.2B.
Based on PNC Financial Services Group's 13F filing for Q2 2020, filed 7 Aug 2020.