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 | |
|---|---|---|---|---|---|---|
|
AVLR
926
DELISTED
Avalara, Inc.
AVLR
| $1.33M | ﹤0.01% |
10,008
+85
| +0.9% | +$8.36K |
|
|
PBCT
927
DELISTED
People's United Financial Inc
PBCT
| $1.33M | ﹤0.01% |
114,938
+8,208
| +8% | +$95.5K |
|
|
ALE
928
DELISTED
Allete
ALE
| $1.33M | ﹤0.01% |
24,324
-47
| -0.2% | -$2.67K |
|
929
Cleveland-Cliffs
CLF
$7.22B
| $1.31M | ﹤0.01% |
237,713
+186
| +0.1% | +$904 |
|
930
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
| $1.3M | ﹤0.01% |
11,769
+4,032
| +52% | +$447K |
|
931
American States Water
AWR
$3.33B
| $1.29M | ﹤0.01% |
16,385
+286
| +2% | +$22.8K |
|
932
Worthington Enterprises
WOR
$2.87B
| $1.28M | ﹤0.01% |
55,792
+251
| +0.5% | +$4.48K |
|
933
Royal Gold
RGLD
$18.3B
| $1.28M | ﹤0.01% |
10,299
+84
| +0.8% | +$10.1K |
|
934
Mitsubishi UFJ Financial
MUFG
$253B
| $1.28M | ﹤0.01% |
325,424
-79,676
| -20% | -$315K |
|
935
Unifirst Corp
UNF
$5.24B
| $1.28M | ﹤0.01% |
7,146
+328
| +5% | +$54.9K |
|
936
Tetra Tech
TTEK
$8.78B
| $1.27M | ﹤0.01% |
80,535
-9,305
| -10% | -$141K |
|
937
First Trust Health Care AlphaDEX Fund
FXH
$1.06B
| $1.27M | ﹤0.01% |
14,110
-1,168
| -8% | -$100K |
|
|
HBI
938
DELISTED
Hanesbrands
HBI
| $1.27M | ﹤0.01% |
112,700
-580
| -0.5% | -$5.8K |
|
|
STOR
939
DELISTED
STORE Capital Corporation
STOR
| $1.27M | ﹤0.01% |
53,340
+31,408
| +143% | +$628K |
|
940
Waters Corp
WAT
$39.3B
| $1.27M | ﹤0.01% |
7,031
-676
| -9% | -$128K |
|
941
Dell
DELL
$299B
| $1.26M | ﹤0.01% |
45,363
-2,697
| -6% | -$60.6K |
|
|
NUO
942
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
| $1.25M | ﹤0.01% |
83,559
+1,210
| +1% | +$17.7K |
|
|
BYM
943
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $1.25M | ﹤0.01% |
91,353
-20,807
| -19% | -$279K |
|
944
Invesco Value Municipal Income Trust
IIM
$593M
| $1.25M | ﹤0.01% |
86,715
-8,500
| -9% | -$120K |
|
945
Newell Brands
NWL
$2.63B
| $1.25M | ﹤0.01% |
78,742
-27,855
| -26% | -$382K |
|
946
Neogen
NEOG
$2.49B
| $1.24M | ﹤0.01% |
32,054
-12,194
| -28% | -$412K |
|
947
O-I Glass
OI
$1.15B
| $1.24M | ﹤0.01% |
138,365
-1,510
| -1% | -$11.7K |
|
948
Cognex
CGNX
$11.8B
| $1.24M | ﹤0.01% |
20,800
+835
| +4% | +$45.3K |
|
949
Ollie's Bargain Outlet
OLLI
$4.74B
| $1.24M | ﹤0.01% |
12,686
-35,019
| -73% | -$2.69M |
|
950
DaVita
DVA
$12B
| $1.23M | ﹤0.01% |
15,601
+1,126
| +8% | +$87.9K |
|
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 198 positions and reducing 1,806 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 198 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.