PNC Financial Services
850 hedge funds and large institutions have $33.4B invested in PNC Financial Services in 2013 Q4 according to their latest regulatory filings, with 110 funds opening new positions, 326 increasing their positions, 279 reducing their positions, and 38 closing their positions.
189% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 38
17% more repeat investments, than reductions
Existing positions increased: 326 | Existing positions reduced: 279
12% more funds holding in top 10
Funds holding in top 10: 17 → 19 (+2)
9% more funds holding
Funds holding: 783 → 850 (+67)
7% more capital invested
Capital invested by funds: $31.2B → $33.4B (+$2.21B)
0.13% less ownership
Funds ownership: 80.93% → 80.8% (-0.13%)
9% less call options, than puts
Call options by funds: $298M | Put options by funds: $327M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$163M |
| 2 |
Axa
Paris,
France
|
+$79M |
| 3 |
IC
Institutional Capital
Chicago,
Illinois
|
+$78.3M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$63.3M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$60.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$509M |
| 2 |
SP
Sarasin & Partners
London,
United Kingdom
|
-$179M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$116M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$104M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$83.4M |
PNC Hedge Fund Activity: Q4 2013 in Review
850 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q4 2013, worth a combined $33.4B — up 7.1% from $31.2B a quarter earlier.
Buyers outnumbered sellers: 110 funds opened new PNC positions and 38 closed out — a net gain of 72 holders — while 326 added to existing stakes and 279 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $163M. The largest seller was Fidelity Investments, cutting an estimated $509M.
- 850 institutional investors held PNC Financial Services (PNC) as of Q4 2013, up from 783 in Q3 2013.
- Funds reported $33.4B of PNC Financial Services stock for Q4 2013, up 7.1% quarter-over-quarter.
- 110 funds opened new PNC Financial Services positions in Q4 2013 and 38 closed out, a net change of +72 holders.
- The largest PNC Financial Services buyer in Q4 2013 was Bank of New York Mellon, an estimated $163M added.
- The largest PNC Financial Services seller in Q4 2013 was Fidelity Investments, an estimated $509M sold.
Based on aggregated 13F filings for Q4 2013.