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 | |
|---|---|---|---|---|---|---|
1926
Kornit Digital
KRNT
$791M
| $192K | ﹤0.01% |
3,607
| – | – |
|
1927
MGE Energy Inc
MGEE
$3.07B
| $192K | ﹤0.01% |
2,967
-211
| -7% | -$13.8K |
|
|
SWCH
1928
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $192K | ﹤0.01% |
10,737
+10,012
| +1,381% | +$175K |
|
1929
Goodyear
GT
$1.88B
| $191K | ﹤0.01% |
21,284
-2,899
| -12% | -$22K |
|
1930
Gibraltar Industries
ROCK
$1.52B
| $191K | ﹤0.01% |
3,999
-119
| -3% | -$5.29K |
|
1931
Hyatt Hotels
H
$16.7B
| $190K | ﹤0.01% |
3,764
-89
| -2% | -$4.74K |
|
1932
Liberty Global Class A
LBTYA
$3.62B
| $190K | ﹤0.01% |
8,696
-13,896
| -62% | -$287K |
|
1933
Allegiant Air
ALGT
$2.58B
| $189K | ﹤0.01% |
1,727
-235
| -12% | -$21.5K |
|
1934
FirstCash
FCFS
$8.85B
| $188K | ﹤0.01% |
2,789
-5,879
| -68% | -$414K |
|
1935
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $188K | ﹤0.01% |
13,763
+615
| +5% | +$8.19K |
|
|
PFO
1936
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$119M
| $188K | ﹤0.01% |
16,960
| – | – |
|
1937
Rocket Pharmaceuticals
RCKT
$380M
| $188K | ﹤0.01% |
8,980
-620
| -6% | -$11.2K |
|
1938
Ralph Lauren
RL
$23.8B
| $188K | ﹤0.01% |
2,607
-2,554
| -49% | -$188K |
|
|
SKX
1939
DELISTED
Skechers
SKX
| $188K | ﹤0.01% |
5,975
-1,427
| -19% | -$40.9K |
|
1940
Kadant
KAI
$3.99B
| $187K | ﹤0.01% |
1,870
+1,076
| +136% | +$95.8K |
|
1941
ManpowerGroup
MAN
$2.67B
| $187K | ﹤0.01% |
2,707
-197
| -7% | -$13.4K |
|
1942
Oxford Industries
OXM
$553M
| $187K | ﹤0.01% |
4,226
+689
| +19% | +$28.6K |
|
1943
BlackRock Science and Technology Trust
BST
$1.69B
| $186K | ﹤0.01% |
4,974
-11,653
| -70% | -$394K |
|
1944
Fate Therapeutics
FATE
$296M
| $186K | ﹤0.01% |
5,430
-370
| -6% | -$11K |
|
1945
Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ
$754M
| $186K | ﹤0.01% |
6,744
-11,587
| -63% | -$295K |
|
|
CVA
1946
DELISTED
Covanta Holding Corporation
CVA
| $186K | ﹤0.01% |
19,396
-1,952
| -9% | -$16.7K |
|
1947
Antero Midstream
AM
$10.2B
| $185K | ﹤0.01% |
36,435
+3,583
| +11% | +$15.9K |
|
|
FARO
1948
DELISTED
Faro Technologies
FARO
| $185K | ﹤0.01% |
3,458
-112
| -3% | -$5.87K |
|
|
EE
1949
DELISTED
El Paso Electric Company
EE
| $185K | ﹤0.01% |
2,761
-479
| -15% | -$32.4K |
|
1950
KB Financial Group
KB
$43.2B
| $184K | ﹤0.01% |
6,645
-444
| -6% | -$12.1K |
|
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.