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 | |
|---|---|---|---|---|---|---|
101
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.6B
| $202M | 0.18% |
1,272,780
-6,531
| -0.5% | -$1.08M |
|
102
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$22.9B
| $199M | 0.17% |
3,941,760
-150,362
| -4% | -$7.55M |
|
103
iShares Russell Mid-Cap Value ETF
IWS
$15.7B
| $197M | 0.17% |
1,851,391
-70,769
| -4% | -$7.72M |
|
104
Honeywell
HON
$77B
| $195M | 0.17% |
1,084,297
-33,652
| -3% | -$6.33M |
|
105
3M
MMM
$90.9B
| $194M | 0.17% |
2,211,198
-63,606
| -3% | -$6M |
|
106
iShares Russell 2000 Value ETF
IWN
$14.5B
| $193M | 0.17% |
1,409,030
+1,227
| +0.1% | +$178K |
|
107
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.37B
| $189M | 0.17% |
1,719,699
+55,460
| +3% | +$6.25M |
|
108
iShares Russell 2000 Growth ETF
IWO
$14.6B
| $189M | 0.17% |
833,390
-8,248
| -1% | -$1.89M |
|
109
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $189M | 0.17% |
1,722,414
-25,426
| -1% | -$2.75M |
|
110
iShares Core Universal USD Bond ETF
IUSB
$43B
| $188M | 0.16% |
4,071,358
+183,589
| +5% | +$8.4M |
|
111
Deere & Co
DE
$160B
| $186M | 0.16% |
449,738
+1,226
| +0.3% | +$508K |
|
112
Emerson Electric
EMR
$83.9B
| $182M | 0.16% |
2,086,321
-36,277
| -2% | -$3.17M |
|
113
American Express
AXP
$227B
| $180M | 0.16% |
1,090,946
-7,453
| -0.7% | -$1.24M |
|
114
Lam Research
LRCX
$367B
| $177M | 0.16% |
3,339,930
+40,370
| +1% | +$1.98M |
|
115
iShares TIPS Bond ETF
TIP
$14.5B
| $177M | 0.15% |
1,601,333
-90,220
| -5% | -$9.76M |
|
|
116
Fidelity MSCI Real Estate Index ETF
FREL
$1.5B
| $174M | 0.15% |
6,966,945
-11,236,712
| -62% | -$290M |
|
117
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.2B
| $173M | 0.15% |
4,233,035
-37,645
| -0.9% | -$1.43M |
|
118
Waste Management
WM
$90.6B
| $171M | 0.15% |
1,049,116
+17,161
| +2% | +$2.63M |
|
119
Invesco FTSE RAFI US 1000 ETF
PRF
$9.89B
| $171M | 0.15% |
5,448,370
+46,935
| +0.9% | +$1.49M |
|
120
Schwab International Small-Cap Equity ETF
SCHC
$5.45B
| $164M | 0.14% |
4,863,722
+49,554
| +1% | +$1.65M |
|
121
IBM
IBM
$211B
| $163M | 0.14% |
1,244,985
-26,335
| -2% | -$3.52M |
|
122
NVIDIA
NVDA
$4.86T
| $160M | 0.14% |
5,776,240
-183,650
| -3% | -$3.97M |
|
123
Thermo Fisher Scientific
TMO
$213B
| $160M | 0.14% |
277,945
-3,096
| -1% | -$1.74M |
|
124
Motorola Solutions
MSI
$72.3B
| $159M | 0.14% |
556,672
-12,608
| -2% | -$3.33M |
|
125
Mondelez International
MDLZ
$79.5B
| $158M | 0.14% |
2,261,040
-22,207
| -1% | -$1.47M |
|
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.