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 | |
|---|---|---|---|---|---|---|
1501
ePlus
PLUS
$2.34B
| $526K | ﹤0.01% |
10,723
+4,704
| +78% | +$239K |
|
1502
Rexford Industrial Realty
REXR
$8.19B
| $525K | ﹤0.01% |
8,802
-2,281
| -21% | -$137K |
|
1503
Mercury Systems
MRCY
$6.52B
| $525K | ﹤0.01% |
10,266
+48
| +0.5% | +$2.43K |
|
1504
Flex
FLEX
$44.8B
| $524K | ﹤0.01% |
30,212
-52,456
| -63% | -$908K |
|
1505
Nokia
NOK
$52.3B
| $524K | ﹤0.01% |
106,688
+7,824
| +8% | +$36.9K |
|
1506
iShares ESG Aware US Aggregate Bond ETF
EAGG
$4.97B
| $524K | ﹤0.01% |
10,894
+313
| +3% | +$14.9K |
|
1507
Xerox
XRX
$425M
| $523K | ﹤0.01% |
33,956
+18,889
| +125% | +$305K |
|
1508
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$1.99B
| $521K | ﹤0.01% |
27,400
| – | – |
|
|
TWNK
1509
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $520K | ﹤0.01% |
20,896
+13,639
| +188% | +$321K |
|
1510
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
| $517K | ﹤0.01% |
23,820
+13,901
| +140% | +$301K |
|
1511
Valley National Bancorp
VLY
$8.04B
| $517K | ﹤0.01% |
55,950
-7,712
| -12% | -$85.3K |
|
1512
Valmont Industries
VMI
$9.53B
| $517K | ﹤0.01% |
1,618
+346
| +27% | +$110K |
|
1513
Sonic Automotive
SAH
$2.61B
| $516K | ﹤0.01% |
9,503
-15
| -0.2% | -$807 |
|
|
AZPN
1514
DELISTED
Aspen Technology Inc
AZPN
| $514K | ﹤0.01% |
2,246
-65
| -3% | -$13.5K |
|
1515
MongoDB
MDB
$32.1B
| $514K | ﹤0.01% |
2,204
+11
| +0.5% | +$2.31K |
|
1516
Synaptics
SYNA
$4.15B
| $513K | ﹤0.01% |
4,613
+580
| +14% | +$66.9K |
|
1517
Occidental Petroleum Corp Warrants
OXY.WS
$32B
| $511K | ﹤0.01% |
12,474
-415
| -3% | -$16.8K |
|
1518
McCormick & Company Voting
MKC.V
$14.2B
| $511K | ﹤0.01% |
6,184
| – | – |
|
1519
WisdomTree Japan Hedged Equity Fund
DXJ
$7.42B
| $511K | ﹤0.01% |
7,221
+5,800
| +408% | +$398K |
|
|
CVSA
1520
Covista Inc
CVSA
$4.8B
| $509K | ﹤0.01% |
13,182
+1
| +0% | +$38 |
|
1521
Bank of Hawaii
BOH
$3.13B
| $509K | ﹤0.01% |
9,773
-9,652
| -50% | -$678K |
|
1522
Community Bank
CBU
$3.41B
| $508K | ﹤0.01% |
9,685
+54
| +0.6% | +$3.16K |
|
1523
STAG Industrial
STAG
$7.19B
| $508K | ﹤0.01% |
15,030
-5,217
| -26% | -$178K |
|
1524
First Trust Energy AlphaDEX Fund
FXN
$368M
| $508K | ﹤0.01% |
32,704
-1,453
| -4% | -$23.8K |
|
|
ZTAQU
1525
DELISTED
Zimmer Energy Transition Acquisition Corp. Units
ZTAQU
| $507K | ﹤0.01% |
50,000
| – | – |
|
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.