PNC Financial Services
1,501 hedge funds and large institutions have $52.1B invested in PNC Financial Services in 2023 Q4 according to their latest regulatory filings, with 216 funds opening new positions, 478 increasing their positions, 602 reducing their positions, and 73 closing their positions.
196% more first-time investments, than exits
New positions opened: 216 | 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 → $52.1B (+$11.9B)
24% more call options, than puts
Call options by funds: $714M | Put options by funds: $576M
9% more funds holding
Funds holding: 1,379 → 1,501 (+122)
2.33% more ownership
Funds ownership: 82.1% → 84.44% (+2.3%)
21% less repeat investments, than reductions
Existing positions increased: 478 | Existing positions reduced: 602
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$514M |
| 2 |
Neuberger Berman Group
New York
|
+$409M |
| 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
1,501 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in PNC Financial Services (PNC) for Q4 2023, worth a combined $52.1B — up 30% from $40.1B a quarter earlier.
Buyers outnumbered sellers: 216 funds opened new PNC positions and 73 closed out — a net gain of 143 holders — while 478 added to existing stakes and 602 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $514M. The largest seller was Wellington Management Group, cutting an estimated $224M.
- 1,501 institutional investors held PNC Financial Services (PNC) as of Q4 2023, up from 1,379 in Q3 2023.
- Funds reported $52.1B of PNC Financial Services stock for Q4 2023, up 30% quarter-over-quarter.
- 216 funds opened new PNC Financial Services positions in Q4 2023 and 73 closed out, a net change of +143 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.