PNC Financial Services
PNC
902 hedge funds and large institutions have $36.5B invested in PNC Financial Services in 2014 Q3 according to their latest regulatory filings, with 75 funds opening new positions, 348 increasing their positions, 317 reducing their positions, and 43 closing their positions.
74% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 43
18% more call options, than puts
Call options by funds: $295M | Put options by funds: $250M
3% more funds holding
Funds holding: 879 → 902 (+23)
10% more repeat investments, than reductions
Existing positions increased: 348 | Existing positions reduced: 317
2.2% less ownership
Funds ownership: 81.53% → 79.32% (-2.2%)
6% less capital invested
Capital invested by funds: $38.7B → $36.5B (-$2.2B)
23% less funds holding in top 10
Funds holding in top 10: 35 → 27 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$163M |
| 2 |
State Street
Boston,
Massachusetts
|
+$114M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$93.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$79.7M |
| 5 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$64.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$265M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$227M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$222M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$181M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$136M |
PNC Hedge Fund Activity: Q3 2014 in Review
902 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q3 2014, worth a combined $36.5B — down 5.7% from $38.7B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new PNC positions and 43 closed out — a net gain of 32 holders — while 348 added to existing stakes and 317 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $163M. The largest seller was Norges Bank, cutting an estimated $265M.
- 902 institutional investors held PNC Financial Services (PNC) as of Q3 2014, up from 879 in Q2 2014.
- Funds reported $36.5B of PNC Financial Services stock for Q3 2014, down 5.7% quarter-over-quarter.
- 75 funds opened new PNC Financial Services positions in Q3 2014 and 43 closed out, a net change of +32 holders.
- The largest PNC Financial Services buyer in Q3 2014 was JP Morgan Chase, an estimated $163M added.
- The largest PNC Financial Services seller in Q3 2014 was Norges Bank, an estimated $265M sold.
Based on aggregated 13F filings for Q3 2014.