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 | |
|---|---|---|---|---|---|---|
651
ETRACS Alerian MLP Infrastructure Index ETN Series B due Apr 2 2040
MLPB
$247M
| $3.58M | ﹤0.01% |
313,109
-30,086
| -9% | -$339K |
|
652
iShares US Medical Devices ETF
IHI
$3.34B
| $3.56M | ﹤0.01% |
80,640
+40,926
| +103% | +$1.75M |
|
653
Workday
WDAY
$42.1B
| $3.56M | ﹤0.01% |
18,983
-4,327
| -19% | -$699K |
|
654
Liberty Global Class C
LBTYK
$3.51B
| $3.55M | ﹤0.01% |
164,966
-323,999
| -66% | -$6.47M |
|
655
BlackLine
BL
$1.79B
| $3.5M | ﹤0.01% |
42,168
-15,541
| -27% | -$1.04M |
|
656
Hubbell
HUBB
$27.1B
| $3.49M | ﹤0.01% |
27,878
-8,670
| -24% | -$1.06M |
|
657
Best Buy
BBY
$17.8B
| $3.47M | ﹤0.01% |
39,784
-2,039
| -5% | -$155K |
|
658
First Trust Preferred Securities and Income ETF
FPE
$6.35B
| $3.46M | ﹤0.01% |
187,636
-6,563
| -3% | -$118K |
|
|
TSE
659
DELISTED
Trinseo
TSE
| $3.45M | ﹤0.01% |
155,455
+3,197
| +2% | +$65.4K |
|
660
BlackRock MuniYield Quality Fund III
MYI
$717M
| $3.38M | ﹤0.01% |
259,759
-75,533
| -23% | -$947K |
|
661
Invesco KBW High Dividend Yield Financial ETF
KBWD
$416M
| $3.37M | ﹤0.01% |
248,077
+21,997
| +10% | +$278K |
|
662
KKR & Co
KKR
$94.9B
| $3.36M | ﹤0.01% |
108,835
-7,697
| -7% | -$207K |
|
663
FirstEnergy
FE
$27.7B
| $3.36M | ﹤0.01% |
86,706
-7,128
| -8% | -$295K |
|
664
HCA Healthcare
HCA
$88.7B
| $3.31M | ﹤0.01% |
34,099
-3,360
| -9% | -$349K |
|
665
Carnival Corporation Ltd
CCL
$40.6B
| $3.3M | ﹤0.01% |
201,296
+5,208
| +3% | +$78K |
|
666
Mercado Libre
MELI
$97.5B
| $3.29M | ﹤0.01% |
3,341
-92
| -3% | -$69K |
|
667
State Street SPDR S&P Regional Banking ETF
KRE
$4.71B
| $3.27M | ﹤0.01% |
85,151
-21,333
| -20% | -$780K |
|
668
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.13B
| $3.23M | ﹤0.01% |
62,805
+254
| +0.4% | +$13K |
|
669
State Street SPDR ICE Preferred Securities ETF
PSK
$686M
| $3.23M | ﹤0.01% |
77,232
+67,349
| +681% | +$2.79M |
|
670
Bio-Rad Laboratories Class A
BIO
$9.31B
| $3.23M | ﹤0.01% |
7,152
-771
| -10% | -$340K |
|
671
Old Republic International
ORI
$10.5B
| $3.23M | ﹤0.01% |
197,981
+1,928
| +1% | +$30.4K |
|
672
Southwest Airlines
LUV
$23.9B
| $3.19M | ﹤0.01% |
93,196
-50,960
| -35% | -$1.62M |
|
|
PARA
673
DELISTED
Paramount Global Class B
PARA
| $3.18M | ﹤0.01% |
136,199
-19,572
| -13% | -$377K |
|
674
WPP
WPP
$4.45B
| $3.17M | ﹤0.01% |
81,110
+2,315
| +3% | +$86.1K |
|
675
Lamar Advertising Co
LAMR
$16.1B
| $3.17M | ﹤0.01% |
47,452
-16,060
| -25% | -$981K |
|
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.