PNC Financial Services
PNC
942 hedge funds and large institutions have $36B invested in PNC Financial Services in 2016 Q3 according to their latest regulatory filings, with 74 funds opening new positions, 336 increasing their positions, 384 reducing their positions, and 65 closing their positions.
53% more funds holding in top 10
Funds holding in top 10: 15 → 23 (+8)
14% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 65
12% more call options, than puts
Call options by funds: $295M | Put options by funds: $265M
10% more capital invested
Capital invested by funds: $32.6B → $36B (+$3.35B)
1.8% more ownership
Funds ownership: 80.25% → 82.05% (+1.8%)
0% more funds holding
Funds holding: 941 → 942 (+1)
13% less repeat investments, than reductions
Existing positions increased: 336 | Existing positions reduced: 384
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$175M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$171M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
+$131M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$109M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$97.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$485M |
| 2 |
Pzena Investment Management
New York
|
-$142M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$113M |
| 4 |
Bank of New York Mellon
New York
|
-$107M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$86.9M |
PNC Hedge Fund Activity: Q3 2016 in Review
942 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q3 2016, worth a combined $36B — up 10% from $32.6B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new PNC positions and 65 closed out — a net gain of 9 holders — while 336 added to existing stakes and 384 trimmed.
The largest buyer was Invesco, adding an estimated $175M. The largest seller was Capital World Investors, cutting an estimated $485M.
- 942 institutional investors held PNC Financial Services (PNC) as of Q3 2016, up from 941 in Q2 2016.
- Funds reported $36B of PNC Financial Services stock for Q3 2016, up 10% quarter-over-quarter.
- 74 funds opened new PNC Financial Services positions in Q3 2016 and 65 closed out, a net change of +9 holders.
- The largest PNC Financial Services buyer in Q3 2016 was Invesco, an estimated $175M added.
- The largest PNC Financial Services seller in Q3 2016 was Capital World Investors, an estimated $485M sold.
Based on aggregated 13F filings for Q3 2016.