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 | |
|---|---|---|---|---|---|---|
1026
Regal Rexnord
RRX
$11.9B
| $1.28M | ﹤0.01% |
9,073
+2,961
| +48% | +$429K |
|
1027
Alarm.com
ALRM
$2.85B
| $1.27M | ﹤0.01% |
25,283
+1,751
| +7% | +$90.1K |
|
|
BLD
1028
DELISTED
TopBuild
BLD
| $1.27M | ﹤0.01% |
6,084
+870
| +17% | +$168K |
|
1029
Lear
LEA
$8.18B
| $1.27M | ﹤0.01% |
9,069
-878
| -9% | -$121K |
|
1030
Evergy
EVRG
$19.2B
| $1.26M | ﹤0.01% |
20,694
+1,430
| +7% | +$87K |
|
1031
Expedia Group
EXPE
$37.3B
| $1.26M | ﹤0.01% |
13,018
+1,057
| +9% | +$111K |
|
1032
Camden Property Trust
CPT
$11.1B
| $1.26M | ﹤0.01% |
12,038
-328
| -3% | -$37.4K |
|
1033
Advance Auto Parts
AAP
$3.49B
| $1.26M | ﹤0.01% |
10,331
-1,757
| -15% | -$246K |
|
1034
Unum
UNM
$14.3B
| $1.26M | ﹤0.01% |
31,755
-2,794
| -8% | -$115K |
|
1035
DaVita
DVA
$11.7B
| $1.26M | ﹤0.01% |
15,479
+1,349
| +10% | +$108K |
|
1036
ICF International
ICFI
$1.72B
| $1.25M | ﹤0.01% |
11,367
+1,220
| +12% | +$127K |
|
|
MYD
1037
DELISTED
BlackRock MuniYield Fund
MYD
| $1.25M | ﹤0.01% |
115,851
| – | – |
|
|
WNS
1038
DELISTED
WNS Holdings
WNS
| $1.24M | ﹤0.01% |
13,295
-174
| -1% | -$15.2K |
|
1039
Starwood Property Trust
STWD
$6.09B
| $1.24M | ﹤0.01% |
69,878
+9,615
| +16% | +$186K |
|
1040
Broadstone Net Lease
BNL
$4.02B
| $1.24M | ﹤0.01% |
72,616
-6,162
| -8% | -$107K |
|
|
BCPC
1041
Balchem Corp
BCPC
$5.72B
| $1.23M | ﹤0.01% |
9,758
+357
| +4% | +$46.2K |
|
|
EXAS
1042
DELISTED
Exact Sciences
EXAS
| $1.23M | ﹤0.01% |
18,198
+1,174
| +7% | +$75.5K |
|
1043
Cenovus Energy
CVE
$52.1B
| $1.23M | ﹤0.01% |
70,641
-332
| -0.5% | -$6.09K |
|
1044
Schwab International Equity ETF
SCHF
$68.7B
| $1.23M | ﹤0.01% |
70,866
-10,234
| -13% | -$175K |
|
1045
iShares Morningstar Mid-Cap Growth ETF
IMCG
$4.09B
| $1.23M | ﹤0.01% |
21,380
+21
| +0.1% | +$1.2K |
|
|
AXON
1046
Axon Enterprise
AXON
$46.4B
| $1.23M | ﹤0.01% |
5,465
+1,125
| +26% | +$224K |
|
1047
Invesco
IVZ
$13.9B
| $1.23M | ﹤0.01% |
74,762
-1,052
| -1% | -$18.8K |
|
1048
Lithia Motors
LAD
$8.26B
| $1.22M | ﹤0.01% |
5,345
+503
| +10% | +$122K |
|
1049
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $1.22M | ﹤0.01% |
51,400
+2,804
| +6% | +$83.4K |
|
1050
Dolby
DLB
$5.79B
| $1.22M | ﹤0.01% |
14,245
-1,613
| -10% | -$130K |
|
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.