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 | |
|---|---|---|---|---|---|---|
1376
Etsy
ETSY
$7.81B
| $502K | ﹤0.01% |
4,720
+231
| +5% | +$17.1K |
|
1377
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $502K | ﹤0.01% |
9,218
+708
| +8% | +$38.5K |
|
1378
Sea Limited
SE
$68B
| $499K | ﹤0.01% |
4,650
-74,380
| -94% | -$5.38M |
|
1379
Molson Coors Class B
TAP
$7.95B
| $499K | ﹤0.01% |
14,478
-9,110
| -39% | -$364K |
|
1380
UFP Industries
UFPI
$5.19B
| $498K | ﹤0.01% |
10,041
-14,908
| -60% | -$635K |
|
1381
Barclays
BCS
$95B
| $497K | ﹤0.01% |
87,714
+25,711
| +41% | +$134K |
|
1382
Schwab International Equity ETF
SCHF
$68B
| $496K | ﹤0.01% |
33,282
-5,246
| -14% | -$73.7K |
|
1383
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.65B
| $496K | ﹤0.01% |
382
+25
| +7% | +$33.4K |
|
1384
iShares North American Natural Resources ETF
IGE
$753M
| $495K | ﹤0.01% |
22,847
-10,469
| -31% | -$218K |
|
1385
ProShares Ultra Financials
UYG
$853M
| $495K | ﹤0.01% |
17,020
| – | – |
|
1386
Beyond Meat
BYND
$272M
| $493K | ﹤0.01% |
3,677
+1,242
| +51% | +$147K |
|
1387
Ericsson
ERIC
$33.3B
| $493K | ﹤0.01% |
52,977
+8,761
| +20% | +$76K |
|
1388
BlackRock Enhanced Global Dividend Trust
BOE
$683M
| $490K | ﹤0.01% |
52,066
-5,564
| -10% | -$50.7K |
|
|
EVN
1389
Eaton Vance Municipal Income Trust
EVN
$421M
| $490K | ﹤0.01% |
39,238
-2,730
| -7% | -$32.7K |
|
1390
Chegg
CHGG
$98.4M
| $489K | ﹤0.01% |
7,272
-4,790
| -40% | -$256K |
|
1391
MetLife Inc Floating Rate Series A
MET.PRA
$504M
| $488K | ﹤0.01% |
21,206
+2,001
| +10% | +$45.6K |
|
|
DNKN
1392
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $486K | ﹤0.01% |
7,469
+201
| +3% | +$12.5K |
|
1393
Korn Ferry
KFY
$4.2B
| $483K | ﹤0.01% |
15,768
+1,391
| +10% | +$39.8K |
|
1394
Mattel
MAT
$4.21B
| $483K | ﹤0.01% |
50,139
-46,902
| -48% | -$426K |
|
1395
Marcus & Millichap
MMI
$1.2B
| $483K | ﹤0.01% |
16,729
+644
| +4% | +$18.2K |
|
1396
Reaves Utility Income Fund
UTG
$3.58B
| $483K | ﹤0.01% |
16,013
+2,314
| +17% | +$71.4K |
|
|
SYNH
1397
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $482K | ﹤0.01% |
8,279
+46
| +0.6% | +$2.47K |
|
1398
State Street SPDR Dow Jones International Real Estate ETF
RWX
$267M
| $481K | ﹤0.01% |
16,708
-907
| -5% | -$25.7K |
|
1399
Bank of Hawaii
BOH
$3.12B
| $479K | ﹤0.01% |
7,794
+157
| +2% | +$9.7K |
|
1400
Kennametal
KMT
$2.58B
| $479K | ﹤0.01% |
16,727
-458
| -3% | -$11.7K |
|
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.