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 | |
|---|---|---|---|---|---|---|
101
Texas Instruments
TXN
$252B
| $182M | 0.24% |
1,435,731
-490,569
| -25% | -$57.2M |
|
102
American Water Works
AWK
$26.7B
| $181M | 0.24% |
1,403,313
-60,762
| -4% | -$7.57M |
|
103
Philip Morris
PM
$297B
| $179M | 0.24% |
2,550,524
-40,969
| -2% | -$2.99M |
|
104
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.2B
| $178M | 0.24% |
2,435,017
+12,350
| +0.5% | +$894K |
|
105
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.1B
| $178M | 0.24% |
890,269
+7,725
| +0.9% | +$1.39M |
|
106
T. Rowe Price
TROW
$23.9B
| $171M | 0.23% |
1,382,226
-5,699
| -0.4% | -$650K |
|
107
iShares Russell Mid-Cap Value ETF
IWS
$15.6B
| $170M | 0.23% |
2,220,708
-230,033
| -9% | -$16.7M |
|
108
Broadcom
AVGO
$1.85T
| $170M | 0.23% |
5,376,450
+1,031,400
| +24% | +$28.9M |
|
109
Kimberly-Clark
KMB
$36.3B
| $169M | 0.22% |
1,194,089
+56,430
| +5% | +$7.79M |
|
110
Emerson Electric
EMR
$83.9B
| $167M | 0.22% |
2,697,144
-26,296
| -1% | -$1.49M |
|
111
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
| $166M | 0.22% |
7,671,075
-391,470
| -5% | -$8.16M |
|
112
PPG Industries
PPG
$24.6B
| $160M | 0.21% |
1,509,367
-51,609
| -3% | -$4.97M |
|
113
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $158M | 0.21% |
2,612,265
-21,241
| -0.8% | -$1.24M |
|
114
iShares MSCI USA Momentum Factor ETF
MTUM
$25B
| $157M | 0.21% |
1,199,938
-213,523
| -15% | -$25.8M |
|
115
PayPal
PYPL
$48.9B
| $157M | 0.21% |
901,440
+277,914
| +45% | +$38.4M |
|
116
iShares S&P 500 Value ETF
IVE
$49B
| $156M | 0.21% |
1,442,817
+43,801
| +3% | +$4.65M |
|
117
Illinois Tool Works
ITW
$82.6B
| $156M | 0.21% |
892,087
+8,456
| +1% | +$1.38M |
|
118
Northrop Grumman
NOC
$77.1B
| $152M | 0.2% |
494,712
-25,321
| -5% | -$8.3M |
|
119
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
| $152M | 0.2% |
2,715,280
-104,044
| -4% | -$5.4M |
|
120
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $146M | 0.19% |
2,787,152
+234,952
| +9% | +$11.1M |
|
121
Dominion Energy
D
$60.8B
| $145M | 0.19% |
1,788,068
-28,539
| -2% | -$2.29M |
|
122
United Parcel Service
UPS
$88.6B
| $145M | 0.19% |
1,300,987
-29,578
| -2% | -$2.95M |
|
123
US Bancorp
USB
$98.2B
| $143M | 0.19% |
3,895,941
-630,718
| -14% | -$22.5M |
|
124
iShares Russell 2000 Growth ETF
IWO
$14.3B
| $143M | 0.19% |
690,675
-735
| -0.1% | -$137K |
|
125
iShares MSCI EAFE Growth ETF
EFG
$16.6B
| $141M | 0.19% |
1,692,795
+50,328
| +3% | +$3.93M |
|
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 197 positions and reducing 1,807 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 197 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.