PNC Financial Services
PNC
783 hedge funds and large institutions have $31.1B invested in PNC Financial Services in 2013 Q3 according to their latest regulatory filings, with 75 funds opening new positions, 279 increasing their positions, 311 reducing their positions, and 50 closing their positions.
50% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 50
2% more funds holding
Funds holding: 766 → 783 (+17)
2% more call options, than puts
Call options by funds: $278M | Put options by funds: $271M
0.3% more ownership
Funds ownership: 80.88% → 81.18% (+0.3%)
0% more capital invested
Capital invested by funds: $31.1B → $31.1B (+$5.26M)
10% less repeat investments, than reductions
Existing positions increased: 279 | Existing positions reduced: 311
39% less funds holding in top 10
Funds holding in top 10: 28 → 17 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$212M |
| 2 |
JP Morgan Chase
New York
|
+$137M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$125M |
| 4 |
EAM
Edge Asset Management
Seattle,
Washington
|
+$98.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$93.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$123M |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
-$116M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$106M |
| 4 |
Bank of New York Mellon
New York
|
-$58.8M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$58.2M |
PNC Hedge Fund Activity: Q3 2013 in Review
783 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q3 2013, worth a combined $31.1B — up 0.02% from $31.1B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new PNC positions and 50 closed out — a net gain of 25 holders — while 279 added to existing stakes and 311 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $212M. The largest seller was Lord, Abbett & Co, cutting an estimated $123M.
- 783 institutional investors held PNC Financial Services (PNC) as of Q3 2013, up from 766 in Q2 2013.
- Funds reported $31.1B of PNC Financial Services stock for Q3 2013, up 0.02% quarter-over-quarter.
- 75 funds opened new PNC Financial Services positions in Q3 2013 and 50 closed out, a net change of +25 holders.
- The largest PNC Financial Services buyer in Q3 2013 was Fidelity Investments, an estimated $212M added.
- The largest PNC Financial Services seller in Q3 2013 was Lord, Abbett & Co, an estimated $123M sold.
Based on aggregated 13F filings for Q3 2013.