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 | |
|---|---|---|---|---|---|---|
1051
BlackRock MuniYield Michigan Quality Fund
MIY
$351M
| $964K | ﹤0.01% |
71,100
| – | – |
|
1052
BOK Financial
BOKF
$8.78B
| $957K | ﹤0.01% |
16,963
-1,272
| -7% | -$65.1K |
|
|
ETG
1053
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.84B
| $957K | ﹤0.01% |
67,050
-68,009
| -50% | -$912K |
|
|
ENV
1054
DELISTED
ENVESTNET, INC.
ENV
| $952K | ﹤0.01% |
12,950
-8,633
| -40% | -$564K |
|
1055
Silicon Motion
SIMO
$8.36B
| $949K | ﹤0.01% |
19,465
+4,288
| +28% | +$190K |
|
1056
Curtiss-Wright
CW
$27.6B
| $948K | ﹤0.01% |
10,634
-2,093
| -16% | -$199K |
|
1057
Expedia Group
EXPE
$38.4B
| $948K | ﹤0.01% |
11,535
+1,618
| +16% | +$118K |
|
|
DTF
1058
DTF Tax-Free Income 2028 Term Fund
DTF
$81.1M
| $941K | ﹤0.01% |
66,200
| – | – |
|
1059
Nuveen Municipal Credit Income Fund
NZF
$2.42B
| $937K | ﹤0.01% |
63,440
-34,414
| -35% | -$482K |
|
1060
UDR
UDR
$12.4B
| $936K | ﹤0.01% |
25,033
+8,620
| +53% | +$322K |
|
1061
Middlesex Water
MSEX
$1.08B
| $933K | ﹤0.01% |
13,874
+411
| +3% | +$26K |
|
|
EQC
1062
DELISTED
Equity Commonwealth
EQC
| $933K | ﹤0.01% |
28,981
+10,912
| +60% | +$360K |
|
1063
York Water
YORW
$500M
| $932K | ﹤0.01% |
19,442
-3,382
| -15% | -$147K |
|
1064
Unum
UNM
$14.1B
| $930K | ﹤0.01% |
56,059
+16,641
| +42% | +$263K |
|
1065
Iron Mountain
IRM
$37.8B
| $929K | ﹤0.01% |
35,614
+5,207
| +17% | +$131K |
|
|
CONE
1066
DELISTED
CyrusOne Inc Common Stock
CONE
| $924K | ﹤0.01% |
12,707
+6,587
| +108% | +$469K |
|
1067
EXL Service
EXLS
$5.11B
| $922K | ﹤0.01% |
72,765
+425
| +0.6% | +$5.01K |
|
1068
Hain Celestial
HAIN
$50.3M
| $918K | ﹤0.01% |
29,081
+8,618
| +42% | +$249K |
|
1069
American Financial Group
AFG
$12.2B
| $916K | ﹤0.01% |
14,434
+9,146
| +173% | +$589K |
|
1070
Thomson Reuters
TRI
$43B
| $916K | ﹤0.01% |
12,796
+176
| +1% | +$12.7K |
|
|
AOD
1071
abrdn Total Dynamic Dividend Fund
AOD
$1.12B
| $915K | ﹤0.01% |
118,927
-10,000
| -8% | -$72.8K |
|
1072
Schwab US TIPS ETF
SCHP
$16.3B
| $913K | ﹤0.01% |
30,422
+5,298
| +21% | +$157K |
|
1073
QuidelOrtho
QDEL
$1.19B
| $906K | ﹤0.01% |
4,052
+886
| +28% | +$139K |
|
|
NHA
1074
DELISTED
Nuveen Municipal 2021 Target Term Fund
NHA
| $901K | ﹤0.01% |
91,206
| – | – |
|
1075
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.31B
| $900K | ﹤0.01% |
29,748
+3,650
| +14% | +$106K |
|
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.