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 | |
|---|---|---|---|---|---|---|
601
Burlington
BURL
$23.4B
| $5.82M | 0.01% |
36,970
-10,759
| -23% | -$1.85M |
|
602
Hormel Foods
HRL
$13.8B
| $5.82M | 0.01% |
144,611
+17,500
| +14% | +$702K |
|
603
Honda
HMC
$38.8B
| $5.79M | ﹤0.01% |
191,055
-13,510
| -7% | -$381K |
|
604
MSCI
MSCI
$42.1B
| $5.75M | ﹤0.01% |
12,250
+58
| +0.5% | +$28.3K |
|
605
West Pharmaceutical
WST
$24.5B
| $5.73M | ﹤0.01% |
14,992
+1,037
| +7% | +$370K |
|
606
lululemon athletica
LULU
$14B
| $5.7M | ﹤0.01% |
15,064
-1,797
| -11% | -$663K |
|
607
Alphatec Holdings
ATEC
$1.57B
| $5.61M | ﹤0.01% |
311,918
-4,738
| -1% | -$73.8K |
|
608
Atlassian
TEAM
$27.3B
| $5.59M | ﹤0.01% |
33,319
-222
| -0.7% | -$35.5K |
|
609
EQT Corp
EQT
$32.6B
| $5.55M | ﹤0.01% |
134,955
+17,421
| +15% | +$616K |
|
610
Lamar Advertising Co
LAMR
$16B
| $5.55M | ﹤0.01% |
55,889
-2,769
| -5% | -$269K |
|
611
Old Republic International
ORI
$10.4B
| $5.51M | ﹤0.01% |
218,796
-8,671
| -4% | -$217K |
|
612
Diamondback Energy
FANG
$54.1B
| $5.5M | ﹤0.01% |
41,880
-1,921
| -4% | -$257K |
|
613
Columbia India Consumer ETF
INCO
$238M
| $5.5M | ﹤0.01% |
104,968
-800
| -0.8% | -$38.7K |
|
614
Masco
MAS
$14.9B
| $5.47M | ﹤0.01% |
95,249
-579
| -0.6% | -$30.3K |
|
615
Morgan Stanley Series A Preferred Stock
MS.PRA
$760M
| $5.44M | ﹤0.01% |
252,884
+7,299
| +3% | +$151K |
|
616
Alcon
ALC
$34.6B
| $5.43M | ﹤0.01% |
66,133
-18,420
| -22% | -$1.41M |
|
617
Vanguard Russell 2000 ETF
VTWO
$17.8B
| $5.42M | ﹤0.01% |
71,609
+17,519
| +32% | +$1.26M |
|
618
DexCom
DXCM
$32.7B
| $5.38M | ﹤0.01% |
41,884
+2,949
| +8% | +$357K |
|
619
Brown & Brown
BRO
$23.9B
| $5.36M | ﹤0.01% |
77,796
+3,213
| +4% | +$204K |
|
620
Delta Air Lines
DAL
$60.7B
| $5.35M | ﹤0.01% |
112,515
+3,268
| +3% | +$121K |
|
621
Electronic Arts
EA
$53B
| $5.31M | ﹤0.01% |
40,913
+432
| +1% | +$54.7K |
|
622
Albemarle
ALB
$14.1B
| $5.29M | ﹤0.01% |
23,711
+4,959
| +26% | +$1.01M |
|
623
SAP
SAP
$224B
| $5.27M | ﹤0.01% |
38,494
+492
| +1% | +$65.1K |
|
624
Cboe Global Markets
CBOE
$30.5B
| $5.25M | ﹤0.01% |
38,038
-19
| -0% | -$2.59K |
|
625
Pinnacle West Capital
PNW
$12.2B
| $5.23M | ﹤0.01% |
64,199
-5,922
| -8% | -$472K |
|
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.