PNC Financial Services
PNC
1,498 hedge funds and large institutions have $52.2B invested in PNC Financial Services in 2023 Q4 according to their latest regulatory filings, with 214 funds opening new positions, 477 increasing their positions, 603 reducing their positions, and 73 closing their positions.
193% more first-time investments, than exits
New positions opened: 214 | Existing positions closed: 73
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
30% more capital invested
Capital invested by funds: $40.1B → $52.2B (+$12B)
24% more call options, than puts
Call options by funds: $714M | Put options by funds: $576M
9% more funds holding
Funds holding: 1,378 → 1,498 (+120)
2.48% more ownership
Funds ownership: 82.08% → 84.56% (+2.5%)
21% less repeat investments, than reductions
Existing positions increased: 477 | Existing positions reduced: 603
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$514M |
| 2 |
Morgan Stanley
New York
|
+$506M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$394M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$256M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$255M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$224M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$177M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$133M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$81.4M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$80.9M |
PNC Hedge Fund Activity: Q4 2023 in Review
1,498 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q4 2023, worth a combined $52.2B — up 30% from $40.1B a quarter earlier.
Buyers outnumbered sellers: 214 funds opened new PNC positions and 73 closed out — a net gain of 141 holders — while 477 added to existing stakes and 603 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $514M. The largest seller was Wellington Management Group, cutting an estimated $224M.
- 1,498 institutional investors held PNC Financial Services (PNC) as of Q4 2023, up from 1,378 in Q3 2023.
- Funds reported $52.2B of PNC Financial Services stock for Q4 2023, up 30% quarter-over-quarter.
- 214 funds opened new PNC Financial Services positions in Q4 2023 and 73 closed out, a net change of +141 holders.
- The largest PNC Financial Services buyer in Q4 2023 was Fidelity Investments, an estimated $514M added.
- The largest PNC Financial Services seller in Q4 2023 was Wellington Management Group, an estimated $224M sold.
Based on aggregated 13F filings for Q4 2023.