PNC Financial Services
1,063 hedge funds and large institutions have $47.7B invested in PNC Financial Services in 2017 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 338 increasing their positions, 458 reducing their positions, and 61 closing their positions.
62% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 61
3% more funds holding
Funds holding: 1,036 → 1,063 (+27)
1% more capital invested
Capital invested by funds: $47.1B → $47.7B (+$639M)
1.09% less ownership
Funds ownership: 82.78% → 81.69% (-1.1%)
12% less call options, than puts
Call options by funds: $343M | Put options by funds: $387M
21% less funds holding in top 10
Funds holding in top 10: 53 → 42 (-11)
26% less repeat investments, than reductions
Existing positions increased: 338 | Existing positions reduced: 458
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.21B |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$454M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$373M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$274M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$146M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$491M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$447M |
| 3 |
Citigroup
New York
|
-$166M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$165M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$138M |
PNC Hedge Fund Activity: Q1 2017 in Review
1,063 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q1 2017, worth a combined $47.7B — up 1.4% from $47.1B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new PNC positions and 61 closed out — a net gain of 38 holders — while 338 added to existing stakes and 458 trimmed.
The largest buyer was BlackRock, adding an estimated $3.21B. The largest seller was Lone Pine Capital, exiting entirely with an estimated $491M sold.
- 1,063 institutional investors held PNC Financial Services (PNC) as of Q1 2017, up from 1,036 in Q4 2016.
- Funds reported $47.7B of PNC Financial Services stock for Q1 2017, up 1.4% quarter-over-quarter.
- 99 funds opened new PNC Financial Services positions in Q1 2017 and 61 closed out, a net change of +38 holders.
- The largest PNC Financial Services buyer in Q1 2017 was BlackRock, an estimated $3.21B added.
- The largest PNC Financial Services seller in Q1 2017 was Lone Pine Capital, an estimated $491M sold.
Based on aggregated 13F filings for Q1 2017.