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 MSCI Intl Quality Factor ETF
IQLT
|
+$944M |
| 2 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$824M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$391M |
| 4 |
iShares US Treasury Bond ETF
GOVT
|
+$309M |
| 5 |
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
|
+$55.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Erie Indemnity
ERIE
|
+$7.48B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$213M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$171M |
| 4 |
Apple
AAPL
|
+$103M |
| 5 |
Fidelity MSCI Real Estate Index ETF
FREL
|
+$92.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 26.62% |
| 2 | Technology | 10.6% |
| 3 | Financials | 6.29% |
| 4 | Consumer Discretionary | 5.24% |
| 5 | Consumer Staples | 4.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TGNA
1401
DELISTED
TEGNA Inc
TGNA
| $621K | ﹤0.01% |
38,228
-5,702
| -13% | -$92.9K |
|
1402
Grocery Outlet
GO
$975M
| $619K | ﹤0.01% |
20,225
-2,426
| -11% | -$70.9K |
|
1403
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.26B
| $618K | ﹤0.01% |
15,421
-8,571
| -36% | -$354K |
|
1404
Asbury Automotive
ABG
$3.94B
| $617K | ﹤0.01% |
2,566
-166
| -6% | -$34.9K |
|
1405
Arcosa
ACA
$7.14B
| $616K | ﹤0.01% |
8,124
-3,948
| -33% | -$265K |
|
1406
Vanguard Global ex-US Real Estate ETF
VNQI
$3.53B
| $615K | ﹤0.01% |
15,298
-58
| -0.4% | -$2.37K |
|
1407
Vale
VALE
$63.6B
| $615K | ﹤0.01% |
45,809
+4,519
| +11% | +$64K |
|
1408
Fulton Financial
FULT
$4.73B
| $612K | ﹤0.01% |
51,374
-2,274
| -4% | -$27.4K |
|
1409
Global Partners
GLP
$1.65B
| $612K | ﹤0.01% |
19,900
| – | – |
|
1410
Royce Value Trust
RVT
$2.29B
| $611K | ﹤0.01% |
44,262
| – | – |
|
1411
Matador Resources
MTDR
$5.84B
| $611K | ﹤0.01% |
11,672
+530
| +5% | +$25.6K |
|
1412
First Merchants
FRME
$2.72B
| $609K | ﹤0.01% |
21,584
-994
| -4% | -$28.2K |
|
1413
Trex
TREX
$5.15B
| $608K | ﹤0.01% |
9,279
+470
| +5% | +$26.2K |
|
1414
DNP Select Income Fund
DNP
$4.03B
| $608K | ﹤0.01% |
58,016
-750
| -1% | -$7.83K |
|
1415
Robert Half
RHI
$4.15B
| $608K | ﹤0.01% |
8,077
-1,083
| -12% | -$77.3K |
|
|
AJRD
1416
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $607K | ﹤0.01% |
11,066
-11
| -0.1% | -$611 |
|
|
AEL
1417
DELISTED
American Equity Investment Life Holding Company
AEL
| $607K | ﹤0.01% |
11,648
-589
| -5% | -$23.7K |
|
1418
Flex
FLEX
$45B
| $606K | ﹤0.01% |
29,097
-1,115
| -4% | -$19.9K |
|
1419
Hawkins
HWKN
$2.82B
| $606K | ﹤0.01% |
12,707
+69
| +0.5% | +$3.11K |
|
1420
Marriott Vacations Worldwide
VAC
$3.49B
| $605K | ﹤0.01% |
4,930
+143
| +3% | +$18.5K |
|
1421
SouthState Bank Corp
SSB
$10.6B
| $605K | ﹤0.01% |
9,189
-1,100
| -11% | -$73.4K |
|
|
ATSG
1422
DELISTED
Air Transport Services Group
ATSG
| $604K | ﹤0.01% |
32,034
-3,002
| -9% | -$55.8K |
|
1423
McGrath RentCorp
MGRC
$2.96B
| $604K | ﹤0.01% |
6,529
-579
| -8% | -$52.9K |
|
|
SMAR
1424
DELISTED
Smartsheet Inc.
SMAR
| $604K | ﹤0.01% |
15,776
+694
| +5% | +$30K |
|
1425
Korn Ferry
KFY
$4.25B
| $603K | ﹤0.01% |
12,181
+272
| +2% | +$13.4K |
|
Similar funds
PNC Financial Services Group's Q2 2023 Portfolio in Review
As of Q2 2023, PNC Financial Services Group held 4,933 positions worth $117B, up 3% from $114B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
PNC Financial Services Group withdrew a net $7.06B in Q2 2023, closing 201 positions and reducing 1,980 holdings. Its most notable exit was SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML), an estimated $57.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 22% a quarter earlier, followed by Technology and Financials.
Against the trend, PNC Financial Services Group opened a new position in TCW Transform 500 ETF worth $7.99M.
- PNC Financial Services Group's largest Q2 2023 buy was TCW Transform 500 ETF: 154,866 shares worth $7.99M.
- PNC Financial Services Group added most to iShares MSCI Intl Quality Factor ETF in Q2 2023, an estimated $944M increase.
- PNC Financial Services Group's biggest Q2 2023 reduction was Erie Indemnity, cutting an estimated $7.48B.
- PNC Financial Services Group fully exited SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML) in Q2 2023, selling an estimated $57.6M.
- PNC Financial Services Group's ten largest holdings make up 41% of its $117B portfolio in Q2 2023.
- PNC Financial Services Group opened 225 new positions and closed 201 in Q2 2023.
- PNC Financial Services Group's portfolio value rose 3% quarter-over-quarter to $117B.
Based on PNC Financial Services Group's 13F filing for Q2 2023, filed 11 Aug 2023.