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 |
iShares Core S&P 500 ETF
IVV
|
+$698M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$88.6M |
| 3 |
Vanguard Total Bond Market
BND
|
+$85.9M |
| 4 |
Vanguard Tax-Exempt Bond Index Fund
VTEB
|
+$58.8M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$313M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$279M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$108M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$74.1M |
| 5 |
Y
Alleghany Corp
Y
|
+$74M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 25.55% |
| 2 | Technology | 9.08% |
| 3 | Financials | 7.39% |
| 4 | Consumer Discretionary | 6.14% |
| 5 | Consumer Staples | 4.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Emerson Electric
EMR
$86.4B
| $204M | 0.2% |
2,122,598
-13,309
| -0.6% | -$1.2M |
|
102
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.9B
| $204M | 0.2% |
4,092,122
-409,060
| -9% | -$20.3M |
|
103
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.6B
| $203M | 0.2% |
1,279,311
+57,245
| +5% | +$9.11M |
|
104
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $202M | 0.19% |
1,922,160
+14,615
| +0.8% | +$1.53M |
|
105
Walt Disney
DIS
$170B
| $199M | 0.19% |
2,291,043
-119,494
| -5% | -$11.4M |
|
106
iShares Russell 2000 Value ETF
IWN
$14.5B
| $195M | 0.19% |
1,407,803
+166,486
| +13% | +$23.5M |
|
107
CVS Health
CVS
$134B
| $193M | 0.19% |
2,070,161
-15,352
| -0.7% | -$1.48M |
|
108
Deere & Co
DE
$163B
| $192M | 0.18% |
448,512
-2,332
| -0.5% | -$948K |
|
109
Illinois Tool Works
ITW
$82.8B
| $192M | 0.18% |
869,865
-2,474
| -0.3% | -$527K |
|
110
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $184M | 0.18% |
1,747,840
-394,383
| -18% | -$41.3M |
|
111
iShares Russell 2000 Growth ETF
IWO
$14.6B
| $181M | 0.17% |
841,638
-38,619
| -4% | -$8.46M |
|
112
iShares TIPS Bond ETF
TIP
$14.5B
| $180M | 0.17% |
1,691,553
-349,568
| -17% | -$37.3M |
|
113
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.37B
| $180M | 0.17% |
1,664,239
-106,954
| -6% | -$11.8M |
|
114
IBM
IBM
$215B
| $179M | 0.17% |
1,271,320
+1,882
| +0.1% | +$260K |
|
115
iShares Core Universal USD Bond ETF
IUSB
$43B
| $175M | 0.17% |
3,887,769
+188,558
| +5% | +$8.43M |
|
116
Invesco FTSE RAFI US 1000 ETF
PRF
$9.89B
| $168M | 0.16% |
5,401,435
-156,250
| -3% | -$4.81M |
|
117
American Express
AXP
$233B
| $162M | 0.16% |
1,098,399
-4,340
| -0.4% | -$643K |
|
118
Waste Management
WM
$90.5B
| $162M | 0.16% |
1,031,955
-3,814
| -0.4% | -$614K |
|
119
US Bancorp
USB
$99.4B
| $162M | 0.16% |
3,705,443
-27,399
| -0.7% | -$1.17M |
|
120
iShares Floating Rate Bond ETF
FLOT
$10.3B
| $157M | 0.15% |
3,127,833
+478,850
| +18% | +$24M |
|
121
Chubb
CB
$134B
| $156M | 0.15% |
709,140
-411
| -0.1% | -$85.5K |
|
122
American Water Works
AWK
$26.1B
| $156M | 0.15% |
1,021,885
-8,769
| -0.9% | -$1.27M |
|
123
Thermo Fisher Scientific
TMO
$214B
| $155M | 0.15% |
281,041
-2,585
| -0.9% | -$1.37M |
|
124
Mondelez International
MDLZ
$78.4B
| $152M | 0.15% |
2,283,247
-45,097
| -2% | -$2.85M |
|
125
Schwab International Small-Cap Equity ETF
SCHC
$5.46B
| $152M | 0.15% |
4,814,168
+37,508
| +0.8% | +$1.14M |
|
Similar funds
PNC Financial Services Group's Q4 2022 Portfolio in Review
As of Q4 2022, PNC Financial Services Group held 4,959 positions worth $104B, up 8.9% from $95.6B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
PNC Financial Services Group's Q4 2022 filing shows 366 new, 1,507 increased, 2,037 reduced and 197 closed positions. Its largest new stake was Hamilton Beach Brands: 485,076 shares worth $6.01M. The largest sale was Invesco QQQ Trust, an estimated $313M.
By sector, the portfolio is most concentrated in Healthcare at 26% of assets, up from 25% a quarter earlier, followed by Technology and Financials.
- PNC Financial Services Group's largest Q4 2022 buy was Hamilton Beach Brands: 485,076 shares worth $6.01M.
- PNC Financial Services Group added most to iShares Core S&P 500 ETF in Q4 2022, an estimated $698M increase.
- PNC Financial Services Group's biggest Q4 2022 reduction was Invesco QQQ Trust, cutting an estimated $313M.
- PNC Financial Services Group fully exited Alleghany Corp in Q4 2022, selling an estimated $74M.
- PNC Financial Services Group's ten largest holdings make up 37% of its $104B portfolio in Q4 2022.
- PNC Financial Services Group opened 366 new positions and closed 197 in Q4 2022.
- PNC Financial Services Group's portfolio value rose 8.9% quarter-over-quarter to $104B.
Based on PNC Financial Services Group's 13F filing for Q4 2022, filed 10 Feb 2023.