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 | |
|---|---|---|---|---|---|---|
1001
Medpace
MEDP
$16.4B
| $1.08M | ﹤0.01% |
11,665
-6,175
| -35% | -$525K |
|
|
HDS
1002
DELISTED
HD Supply Holdings, Inc.
HDS
| $1.08M | ﹤0.01% |
31,263
+349
| +1% | +$10.8K |
|
1003
Jabil
JBL
$35.5B
| $1.08M | ﹤0.01% |
33,650
+24,466
| +266% | +$704K |
|
|
SEE
1004
DELISTED
Sealed Air
SEE
| $1.08M | ﹤0.01% |
32,847
-1,983
| -6% | -$59.5K |
|
1005
NiSource
NI
$20.6B
| $1.08M | ﹤0.01% |
47,468
-720
| -1% | -$17.4K |
|
|
SASR
1006
DELISTED
Sandy Spring Bancorp Inc
SASR
| $1.08M | ﹤0.01% |
43,514
+7,431
| +21% | +$177K |
|
1007
NBT Bancorp
NBTB
$2.77B
| $1.07M | ﹤0.01% |
34,967
-1,300
| -4% | -$40.5K |
|
|
NXQ
1008
DELISTED
NUVEEN ELECT TAX-FREE INC 2
NXQ
| $1.07M | ﹤0.01% |
71,192
-1,000
| -1% | -$14.4K |
|
1009
Las Vegas Sands
LVS
$29.7B
| $1.06M | ﹤0.01% |
23,343
+1,282
| +6% | +$60.2K |
|
1010
DXC Technology
DXC
$1.78B
| $1.05M | ﹤0.01% |
63,860
+14,312
| +29% | +$228K |
|
1011
Liberty Broadband Class A
LBRDA
$5.17B
| $1.05M | ﹤0.01% |
8,609
+20
| +0.2% | +$2.46K |
|
|
GRMN
1012
Garmin
GRMN
$58.3B
| $1.05M | ﹤0.01% |
10,772
+3,243
| +43% | +$277K |
|
1013
Paylocity
PCTY
$8.18B
| $1.05M | ﹤0.01% |
7,200
-1,724
| -19% | -$201K |
|
|
BANX
1014
ArrowMark Financial
BANX
$198M
| $1.05M | ﹤0.01% |
66,000
| – | – |
|
1015
Trex
TREX
$5.05B
| $1.04M | ﹤0.01% |
16,086
-5,296
| -25% | -$282K |
|
1016
PennantPark Floating Rate Capital
PFLT
$704M
| $1.04M | ﹤0.01% |
124,260
| – | – |
|
1017
Flowers Foods
FLO
$1.57B
| $1.04M | ﹤0.01% |
46,503
-355
| -0.8% | -$8K |
|
1018
NewMarket
NEU
$8.11B
| $1.04M | ﹤0.01% |
2,600
+14
| +0.5% | +$5.78K |
|
1019
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.66B
| $1.04M | ﹤0.01% |
68,082
+6,534
| +11% | +$95.9K |
|
1020
FNB Corp
FNB
$6.84B
| $1.04M | ﹤0.01% |
138,671
-9,605
| -6% | -$72.3K |
|
|
B
1021
Barrick Mining
B
$68.8B
| $1.04M | ﹤0.01% |
38,542
-8,319
| -18% | -$208K |
|
1022
Everest Group
EG
$14.3B
| $1.04M | ﹤0.01% |
5,033
-182
| -3% | -$35.4K |
|
1023
Halozyme
HALO
$9.87B
| $1.04M | ﹤0.01% |
38,659
-6,028
| -13% | -$136K |
|
1024
Nuveen Select Tax-Free Income Portfolio
NXP
$896M
| $1.04M | ﹤0.01% |
66,096
| – | – |
|
1025
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.51B
| $1.03M | ﹤0.01% |
29,069
+164
| +0.6% | +$5.29K |
|
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.