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 |
Erie Indemnity
ERIE
|
+$8.01B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$1.05B |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$405M |
| 4 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$119M |
| 5 |
TJX Companies
TJX
|
+$67.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity MSCI Real Estate Index ETF
FREL
|
+$290M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$231M |
| 3 |
Apple
AAPL
|
+$71M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$67.5M |
| 5 |
Goldman Sachs
GS
|
+$57.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.8% |
| 2 | Financials | 13.2% |
| 3 | Technology | 9.75% |
| 4 | Consumer Discretionary | 5.55% |
| 5 | Consumer Staples | 4.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Masco
MAS
$15.1B
| $4.76M | ﹤0.01% |
95,828
+20,930
| +28% | +$1.08M |
|
652
Invesco Solar ETF
TAN
$1.49B
| $4.74M | ﹤0.01% |
61,097
-442
| -0.7% | -$33.9K |
|
653
Columbia India Consumer ETF
INCO
$239M
| $4.7M | ﹤0.01% |
105,768
-1,200
| -1% | -$54.2K |
|
654
DTE Energy
DTE
$29.3B
| $4.64M | ﹤0.01% |
42,384
-627
| -1% | -$70.2K |
|
655
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
| $4.64M | ﹤0.01% |
105,840
+46,048
| +77% | +$2.61M |
|
656
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.76B
| $4.62M | ﹤0.01% |
68,045
-608
| -0.9% | -$41.5K |
|
657
KeyCorp
KEY
$24.3B
| $4.6M | ﹤0.01% |
367,424
-123,963
| -25% | -$2.09M |
|
658
BHP
BHP
$229B
| $4.6M | ﹤0.01% |
72,507
-197
| -0.3% | -$12.7K |
|
659
Shopify
SHOP
$194B
| $4.59M | ﹤0.01% |
95,747
+364
| +0.4% | +$16K |
|
660
Moderna
MRNA
$22.9B
| $4.56M | ﹤0.01% |
29,665
-9,845
| -25% | -$1.62M |
|
661
Centene
CNC
$32.6B
| $4.53M | ﹤0.01% |
71,619
-20,610
| -22% | -$1.46M |
|
662
DexCom
DXCM
$31.5B
| $4.52M | ﹤0.01% |
38,935
+509
| +1% | +$57K |
|
663
Arch Capital
ACGL
$33.7B
| $4.52M | ﹤0.01% |
66,531
+15,470
| +30% | +$1.02M |
|
|
K
664
DELISTED
Kellanova
K
| $4.51M | ﹤0.01% |
71,718
-1,928
| -3% | -$122K |
|
665
Invitation Homes
INVH
$18.1B
| $4.5M | ﹤0.01% |
144,082
-11,666
| -7% | -$366K |
|
666
Old Dominion Freight Line
ODFL
$44.8B
| $4.49M | ﹤0.01% |
26,360
+706
| +3% | +$118K |
|
667
iShares MSCI USA Size Factor ETF
SIZE
$440M
| $4.47M | ﹤0.01% |
37,930
-5,613
| -13% | -$667K |
|
668
Commercial Metals
CMC
$8.24B
| $4.45M | ﹤0.01% |
90,956
+186
| +0.2% | +$9.63K |
|
669
Clover Health Investments
CLOV
$2.54B
| $4.45M | ﹤0.01% |
5,263,220
-344,810
| -6% | -$377K |
|
670
iShares US Medical Devices ETF
IHI
$3.36B
| $4.43M | ﹤0.01% |
81,990
-1,818
| -2% | -$96.8K |
|
|
BML.PRJ
671
Bank of America Depository Shares Series 4
BML.PRJ
$468M
| $4.43M | ﹤0.01% |
203,105
+18,448
| +10% | +$385K |
|
672
Clean Harbors
CLH
$16.3B
| $4.42M | ﹤0.01% |
30,974
+5
| +0% | +$651 |
|
673
FTI Consulting
FCN
$4.23B
| $4.41M | ﹤0.01% |
22,354
+100
| +0.4% | +$17.4K |
|
674
Lincoln Electric
LECO
$15.3B
| $4.4M | ﹤0.01% |
26,037
-692
| -3% | -$114K |
|
|
XYZ
675
Block Inc
XYZ
$47.4B
| $4.33M | ﹤0.01% |
63,132
-671
| -1% | -$50.2K |
|
Similar funds
PNC Financial Services Group's Q1 2023 Portfolio in Review
As of Q1 2023, PNC Financial Services Group held 4,940 positions worth $114B, up 9.5% from $104B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
PNC Financial Services Group deployed $7.96B of net new capital in Q1 2023, opening 178 new positions and adding to 1,732 existing holdings. Its largest new stake was GE HealthCare: 243,542 shares worth $20M.
By sector, the portfolio is most concentrated in Healthcare at 22% of assets, down from 26% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was Fidelity MSCI Real Estate Index ETF, an estimated $290M trimmed.
- PNC Financial Services Group's largest Q1 2023 buy was GE HealthCare: 243,542 shares worth $20M.
- PNC Financial Services Group added most to Erie Indemnity in Q1 2023, an estimated $8.01B increase.
- PNC Financial Services Group's biggest Q1 2023 reduction was Fidelity MSCI Real Estate Index ETF, cutting an estimated $290M.
- PNC Financial Services Group fully exited South Jersey Industries, Inc. in Q1 2023, selling an estimated $5.75M.
- PNC Financial Services Group's ten largest holdings make up 41% of its $114B portfolio in Q1 2023.
- PNC Financial Services Group opened 178 new positions and closed 267 in Q1 2023.
- PNC Financial Services Group's portfolio value rose 9.5% quarter-over-quarter to $114B.
Based on PNC Financial Services Group's 13F filing for Q1 2023, filed 15 May 2023.