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 | |
|---|---|---|---|---|---|---|
|
INN
1601
Summit Hotel Properties
INN
$724M
| $331K | ﹤0.01% |
55,958
-9,317
| -14% | -$52.5K |
|
1602
Cenovus Energy
CVE
$52.1B
| $330K | ﹤0.01% |
70,887
-4,674
| -6% | -$18K |
|
1603
Lumentum
LITE
$65.2B
| $328K | ﹤0.01% |
4,026
-2,725
| -40% | -$208K |
|
1604
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.81B
| $328K | ﹤0.01% |
7,713
+162
| +2% | +$6.53K |
|
|
BLE
1605
DELISTED
BlackRock Municipal Income Trust II
BLE
| $325K | ﹤0.01% |
22,033
+4
| +0% | +$55 |
|
|
SOR
1606
Source Capital
SOR
$383M
| $325K | ﹤0.01% |
9,784
| – | – |
|
1607
Under Armour
UAA
$2.73B
| $325K | ﹤0.01% |
33,259
-9,538
| -22% | -$90.5K |
|
|
BDN
1608
Brandywine Realty Trust
BDN
$554M
| $324K | ﹤0.01% |
29,702
+112
| +0.4% | +$1.15K |
|
|
BBL
1609
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $324K | ﹤0.01% |
7,850
+4,230
| +117% | +$154K |
|
1610
Bank of Montreal
BMO
$127B
| $323K | ﹤0.01% |
6,097
-397
| -6% | -$20.2K |
|
1611
Adaptive Biotechnologies
ADPT
$3.75B
| $322K | ﹤0.01% |
6,635
+5,986
| +922% | +$218K |
|
1612
Apple Hospitality REIT
APLE
$3.77B
| $320K | ﹤0.01% |
33,151
-1,769
| -5% | -$16.8K |
|
1613
RBC Bearings
RBC
$17.9B
| $320K | ﹤0.01% |
2,378
+184
| +8% | +$23.5K |
|
1614
AMERISAFE
AMSF
$551M
| $319K | ﹤0.01% |
5,223
-4,287
| -45% | -$267K |
|
1615
Box
BOX
$4.41B
| $319K | ﹤0.01% |
15,380
+7,133
| +86% | +$125K |
|
1616
Gaming and Leisure Properties
GLPI
$12.8B
| $319K | ﹤0.01% |
9,235
+7,464
| +421% | +$233K |
|
1617
PTC
PTC
$16B
| $319K | ﹤0.01% |
4,082
+174
| +4% | +$12.3K |
|
1618
Vishay Intertechnology
VSH
$5.03B
| $319K | ﹤0.01% |
20,864
-361
| -2% | -$5.62K |
|
1619
Wingstop
WING
$3.18B
| $319K | ﹤0.01% |
2,295
+20
| +0.9% | +$2.33K |
|
|
CS
1620
DELISTED
Credit Suisse Group
CS
| $319K | ﹤0.01% |
30,903
-17,187
| -36% | -$154K |
|
|
GWB
1621
DELISTED
Great Western Bancorp, Inc.
GWB
| $319K | ﹤0.01% |
23,179
-13,757
| -37% | -$218K |
|
1622
Ingevity
NGVT
$2.66B
| $318K | ﹤0.01% |
6,028
+1,497
| +33% | +$71.1K |
|
1623
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.77B
| $318K | ﹤0.01% |
15,970
+2,000
| +14% | +$37.1K |
|
1624
LendingTree
TREE
$447M
| $318K | ﹤0.01% |
1,100
+11
| +1% | +$2.66K |
|
|
LN
1625
DELISTED
LINE Corporation
LN
| $318K | ﹤0.01% |
6,341
+1,843
| +41% | +$91K |
|
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.