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 | |
|---|---|---|---|---|---|---|
1901
Flowers Foods
FLO
$1.53B
| $289K | ﹤0.01% |
11,603
-496
| -4% | -$13.1K |
|
1902
First Horizon
FHN
$12.1B
| $289K | ﹤0.01% |
25,607
-758
| -3% | -$10.2K |
|
|
FL
1903
DELISTED
Foot Locker
FL
| $287K | ﹤0.01% |
10,603
+1,346
| +15% | +$45.8K |
|
1904
State Street SPDR S&P International Dividend ETF
DWX
$528M
| $287K | ﹤0.01% |
8,336
+2,189
| +36% | +$76.5K |
|
1905
Fidelity MSCI Utilities Index ETF
FUTY
$2.28B
| $287K | ﹤0.01% |
6,779
-6
| -0.1% | -$261 |
|
|
HTO
1906
H2O America
HTO
$2.59B
| $286K | ﹤0.01% |
4,085
-452
| -10% | -$34.1K |
|
1907
Insperity
NSP
$1.96B
| $286K | ﹤0.01% |
2,403
-69
| -3% | -$8.19K |
|
1908
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.67B
| $285K | ﹤0.01% |
3,053
-15
| -0.5% | -$1.33K |
|
|
EQC
1909
DELISTED
Equity Commonwealth
EQC
| $285K | ﹤0.01% |
14,086
+729
| +5% | +$15.1K |
|
1910
Bloomin' Brands
BLMN
$931M
| $284K | ﹤0.01% |
10,575
+3,233
| +44% | +$81K |
|
1911
BlackRock MuniYield Quality Fund
MQY
$812M
| $284K | ﹤0.01% |
24,504
-4,728
| -16% | -$54.6K |
|
1912
SIFCO Industries
SIF
$177M
| $283K | ﹤0.01% |
115,082
| – | – |
|
1913
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$256M
| $282K | ﹤0.01% |
8,410
| – | – |
|
1914
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$619M
| $281K | ﹤0.01% |
5,502
-145
| -3% | -$7K |
|
|
PMT
1915
PennyMac Mortgage Investment
PMT
$814M
| $281K | ﹤0.01% |
20,879
-2,084
| -9% | -$25.5K |
|
1916
Quanex
NX
$959M
| $281K | ﹤0.01% |
10,465
-53
| -0.5% | -$1.18K |
|
1917
NIO
NIO
$11.5B
| $280K | ﹤0.01% |
28,929
+746
| +3% | +$6.31K |
|
1918
Bank of America Series L
BAC.PRL
$3.98B
| $280K | ﹤0.01% |
239
+4
| +2% | +$4.69K |
|
1919
Nuveen Municipal Value Fund
NUV
$1.9B
| $279K | ﹤0.01% |
32,085
-2,472
| -7% | -$21.7K |
|
1920
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.2B
| $279K | ﹤0.01% |
8,565
-23,334
| -73% | -$762K |
|
1921
Highwoods Properties
HIW
$3.47B
| $279K | ﹤0.01% |
11,653
+4,250
| +57% | +$94.1K |
|
1922
SLM Corp
SLM
$5.15B
| $278K | ﹤0.01% |
17,051
-882
| -5% | -$13.4K |
|
|
PRSU
1923
Pursuit Attractions and Hospitality Inc
PRSU
$1.31B
| $278K | ﹤0.01% |
10,326
+218
| +2% | +$4.84K |
|
1924
LSI Industries
LYTS
$913M
| $276K | ﹤0.01% |
22,000
+300
| +1% | +$3.76K |
|
1925
KT
KT
$8.83B
| $276K | ﹤0.01% |
24,406
+22,954
| +1,581% | +$267K |
|
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.