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 | |
|---|---|---|---|---|---|---|
1976
Semtech
SMTC
$13B
| $176K | ﹤0.01% |
3,377
+144
| +4% | +$6.74K |
|
|
WDR
1977
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $176K | ﹤0.01% |
11,380
+3,517
| +45% | +$48.2K |
|
1978
Douglas Dynamics
PLOW
$1.02B
| $175K | ﹤0.01% |
4,960
-800
| -14% | -$27.7K |
|
|
THER
1979
DELISTED
THERATECHNOLOGIES INC COM
THER
| $175K | ﹤0.01% |
86,968
| – | – |
|
1980
Rapid7
RPD
$773M
| $174K | ﹤0.01% |
3,404
+298
| +10% | +$13.9K |
|
1981
Southwest Gas
SWX
$6.67B
| $174K | ﹤0.01% |
2,518
-486
| -16% | -$35.4K |
|
1982
Terreno Realty
TRNO
$7.49B
| $174K | ﹤0.01% |
3,309
+1,914
| +137% | +$99.3K |
|
1983
HNI Corp
HNI
$3.59B
| $173K | ﹤0.01% |
5,619
-609
| -10% | -$15.5K |
|
1984
Installed Building Products
IBP
$6.57B
| $172K | ﹤0.01% |
2,509
-7,311
| -74% | -$405K |
|
1985
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$257M
| $172K | ﹤0.01% |
6,345
+15
| +0.2% | +$401 |
|
1986
Global X Silver Miners ETF NEW
SIL
$4.75B
| $172K | ﹤0.01% |
4,651
+1,500
| +48% | +$48.7K |
|
|
HEP
1987
DELISTED
Holly Energy Partners, L.P.
HEP
| $172K | ﹤0.01% |
11,800
+10,000
| +556% | +$147K |
|
1988
National Vision
EYE
$1.81B
| $171K | ﹤0.01% |
5,576
-1
| -0% | -$26 |
|
1989
FormFactor
FORM
$9.17B
| $171K | ﹤0.01% |
5,810
+291
| +5% | +$7.18K |
|
|
RFI
1990
Cohen & Steers Total Return Realty Fund
RFI
$310M
| $171K | ﹤0.01% |
13,817
| – | – |
|
1991
Veracyte
VCYT
$3.8B
| $171K | ﹤0.01% |
6,617
+705
| +12% | +$17.6K |
|
|
NLSN
1992
DELISTED
Nielsen Holdings plc
NLSN
| $171K | ﹤0.01% |
11,455
-3,327
| -23% | -$46.6K |
|
|
VIA
1993
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $170K | ﹤0.01% |
4,800
| – | – |
|
|
TWNK
1994
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $169K | ﹤0.01% |
13,804
-74
| -0.5% | -$875 |
|
|
FLOW
1995
DELISTED
SPX FLOW, Inc.
FLOW
| $169K | ﹤0.01% |
4,505
+345
| +8% | +$11.3K |
|
|
VSTO
1996
DELISTED
Vista Outdoor Inc.
VSTO
| $169K | ﹤0.01% |
11,679
-3,132
| -21% | -$31.4K |
|
1997
Crocs
CROX
$6.55B
| $168K | ﹤0.01% |
4,584
+589
| +15% | +$15.6K |
|
1998
Invesco Aerospace & Defense ETF
PPA
$8.7B
| $168K | ﹤0.01% |
3,041
+380
| +14% | +$20.6K |
|
|
CCRN
1999
DELISTED
Cross Country Healthcare
CCRN
| $167K | ﹤0.01% |
27,106
-190
| -0.7% | -$1.17K |
|
2000
nLIGHT
LASR
$3.17B
| $167K | ﹤0.01% |
7,466
+2,042
| +38% | +$38.7K |
|
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.