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PNC Financial Services
PNC

1,206 hedge funds and large institutions have $50B invested in PNC Financial Services in 2019 Q2 according to their latest regulatory filings, with 98 funds opening new positions, 393 increasing their positions, 485 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 75

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

11% more capital invested

Capital invested by funds: $45.1B → $50B (+$4.89B)

1% more funds holding

Funds holding: 1,200 → 1,206 (+6)

0.25% less ownership

Funds ownership: 81.22% → 80.97% (-0.25%)

19% less repeat investments, than reductions

Existing positions increased: 393 | Existing positions reduced: 485

22% less call options, than puts

Call options by funds: $204M | Put options by funds: $261M

Holders
1,206
Holders Change
+6
Holders Change %
+0.5%
% of All Funds
26.19%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.37%
New
98
Increased
393
Reduced
485
Closed
75
Calls
$204M
Puts
$261M
Net Calls
-$56.6M
Net Calls Change
-$7.86M

Top Buyers

1
N
Nuveen
North Carolina
+$618M
2
PI
Putnam Investments
Massachusetts
+$155M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$153M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$126M
5
JP Morgan Chase
JP Morgan Chase
New York
+$68.4M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$162M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$126M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$99.6M
4
Citadel Advisors
Citadel Advisors
Florida
-$94.6M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$86.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$4.64B +$27.7M +209,303 +0.6%
Wellington Management Group
2
Wellington Management Group
Massachusetts
$3.73B -$99.6M -753,355 -3%
BlackRock
3
BlackRock
New York
$3.7B -$23.5M -177,441 -0.7%
Capital World Investors
4
Capital World Investors
California
$3.45B +$3.61M +27,346 +0.1%
State Street
5
State Street
Massachusetts
$2.81B -$1.18M -8,893 -0%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$1.71B +$153M +1,156,173 +10%
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$1.62B -$162M -1,223,398 -9%
JP Morgan Chase
8
JP Morgan Chase
New York
$1.49B +$68.4M +517,397 +5%
Massachusetts Financial Services
9
Massachusetts Financial Services
Massachusetts
$1.27B -$16.8M -127,179 -1%
Berkshire Hathaway
10
Berkshire Hathaway
Nebraska
$1.19B – – –
Invesco
11
Invesco
Georgia
$936M -$26.5M -200,582 -3%
Bank of America
12
Bank of America
North Carolina
$831M -$45.8M -346,572 -5%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$801M +$15.7M +118,457 +2%
Northern Trust
14
Northern Trust
Illinois
$712M -$654K -4,950 -0.1%
Capital International Investors
15
Capital International Investors
California
$665M +$1.31M +9,903 +0.2%
N
16
Nuveen
North Carolina
$643M +$618M +4,671,592 +39,297%
Norges Bank
17
Norges Bank
Norway
$633M – – –
American Century Companies
18
American Century Companies
Missouri
$600M +$2.7M +20,442 +0.5%
Wells Fargo
19
Wells Fargo
California
$565M -$3.4M -25,685 -0.6%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$542M -$10.9M -82,191 -2%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$423M -$64.7M -489,381 -14%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$410M -$1.2M -9,079 -0.3%
Ameriprise
23
Ameriprise
Minnesota
$391M +$11.5M +86,940 +3%
Legal & General Group
24
Legal & General Group
United Kingdom
$390M -$7.7M -58,277 -2%
Citadel Advisors
25
Citadel Advisors
Florida
$378M -$94.6M -715,712 -21%
1
2 3 4 5

PNC Hedge Fund Activity: Q2 2019 in Review

1,206 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q2 2019, worth a combined $50B — up 11% from $45.1B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new PNC positions and 75 closed out — a net gain of 23 holders — while 393 added to existing stakes and 485 trimmed.

The largest buyer was Nuveen, adding an estimated $618M. The largest seller was T. Rowe Price Associates, cutting an estimated $162M.

  • 1,206 institutional investors held PNC Financial Services (PNC) as of Q2 2019, up from 1,200 in Q1 2019.
  • Funds reported $50B of PNC Financial Services stock for Q2 2019, up 11% quarter-over-quarter.
  • 98 funds opened new PNC Financial Services positions in Q2 2019 and 75 closed out, a net change of +23 holders.
  • The largest PNC Financial Services buyer in Q2 2019 was Nuveen, an estimated $618M added.
  • The largest PNC Financial Services seller in Q2 2019 was T. Rowe Price Associates, an estimated $162M sold.

Based on aggregated 13F filings for Q2 2019.