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 | |
|---|---|---|---|---|---|---|
601
iShares MSCI Japan ETF
EWJ
$22.4B
| $4.51M | 0.01% |
82,092
-10,177
| -11% | -$540K |
|
602
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.55B
| $4.47M | 0.01% |
85,986
+58
| +0.1% | +$2.93K |
|
603
US Bancorp Series A Preferred Stock
USB.PRA
$445M
| $4.47M | 0.01% |
5,682
-212
| -4% | -$161K |
|
604
ProShares UltraPro QQQ
TQQQ
$38B
| $4.42M | 0.01% |
362,288
+262,008
| +261% | +$2.46M |
|
605
Boston Beer
SAM
$1.94B
| $4.42M | 0.01% |
8,230
+7
| +0.1% | +$3.39K |
|
606
Healthpeak Properties
DOC
$14.9B
| $4.39M | 0.01% |
159,284
-5,389
| -3% | -$138K |
|
607
BorgWarner
BWA
$12.9B
| $4.34M | 0.01% |
139,759
-2,647
| -2% | -$69.7K |
|
|
SJI
608
DELISTED
South Jersey Industries, Inc.
SJI
| $4.34M | 0.01% |
173,629
-2,727
| -2% | -$71.9K |
|
609
Simon Property Group
SPG
$74.3B
| $4.33M | 0.01% |
63,357
+1,958
| +3% | +$123K |
|
610
Wyndham Hotels & Resorts
WH
$5.59B
| $4.28M | 0.01% |
100,444
-72,646
| -42% | -$2.96M |
|
611
Hartford Financial Services
HIG
$39.2B
| $4.22M | 0.01% |
109,497
-5,299
| -5% | -$202K |
|
612
Brown & Brown
BRO
$24B
| $4.21M | 0.01% |
103,282
+17,080
| +20% | +$659K |
|
613
KeyCorp
KEY
$24.5B
| $4.2M | 0.01% |
345,199
-9,841
| -3% | -$114K |
|
614
Keysight
KEYS
$55B
| $4.2M | 0.01% |
41,672
-5,750
| -12% | -$564K |
|
615
VanEck High Yield Muni ETF
HYD
$4.44B
| $4.2M | 0.01% |
70,826
+1,957
| +3% | +$110K |
|
616
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $4.19M | 0.01% |
67,374
+36,863
| +121% | +$2.29M |
|
617
Vanguard International High Dividend Yield ETF
VYMI
$20.7B
| $4.17M | 0.01% |
81,462
+7,718
| +10% | +$377K |
|
618
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$429M
| $4.15M | 0.01% |
213,752
+8,867
| +4% | +$168K |
|
|
GLIBA
619
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $4.15M | 0.01% |
58,323
-22,160
| -28% | -$1.42M |
|
620
Vanguard Morningstar Mega Cap ETF
MGC
$10.3B
| $4.14M | 0.01% |
37,867
+2,722
| +8% | +$282K |
|
621
Darden Restaurants
DRI
$23.6B
| $4.11M | 0.01% |
54,231
-24,436
| -31% | -$1.73M |
|
622
American International
AIG
$41.8B
| $4.09M | 0.01% |
131,135
+29,474
| +29% | +$827K |
|
623
AerCap
AER
$24.2B
| $4.02M | 0.01% |
130,577
-18,742
| -13% | -$536K |
|
624
Atlassian
TEAM
$28B
| $3.99M | 0.01% |
22,129
-5,167
| -19% | -$858K |
|
625
State Street SPDR S&P International Small Cap ETF
GWX
$894M
| $3.98M | 0.01% |
145,632
-1,293
| -0.9% | -$33.4K |
|
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.