PNC FINANCIAL SERVICES GROUP, INC.
Long book
$173.21B
Q1 2026
Positions
5157
Top-10 weight
45%
concentration
Last quarter
+17.5%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsPNC FINANCIAL SERVICES GROUP, INC. is a mechanically diversified allocator, running a $173.21B US long book across 5157 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ELI LILLY & CO, ISHARES CORE S&P 500 ETF, APPLE INC, MICROSOFT CORP, SS SPDR S&P 500 ETF TRUST-US.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.8%
Q2 2024
+4.9%
Q3 2024
-3.8%
Q4 2024
+0.1%
Q1 2025
+1.6%
Q2 2025
+4.9%
Q3 2025
+11.4%
Q4 2025
-5.6%
Q1 2026
+17.5%
Sector allocation
Healthcare 48%
Technology 18%
Financials 8%
Industrials 6%
Consumer discretionary 6%
Other 3%
Energy 3%
Services media 3%
Long book by quarter
What does PNC FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LLY ELI LILLY & CO | Healthcare | 51.3M | $47.21B | 27.3% | 0.0% |
| AAPL APPLE INC | Technology | 19.0M | $4.81B | 2.8% | -0.6% |
| MSFT MICROSOFT CORP | Technology | 9.1M | $3.38B | 1.9% | -0.2% |
| GOOGL ALPHABET INC-CL A | Technology | 8.8M | $2.53B | 1.5% | 0.0% |
| JPM JPMORGAN CHASE & CO | Financials | 6.7M | $1.96B | 1.1% | -1.3% |
| NVDA NVIDIA CORP | Technology | 11.1M | $1.93B | 1.1% | +3.4% |
| XOM EXXON MOBIL CORP | Energy | 10.3M | $1.75B | 1.0% | -1.3% |
| AVGO BROADCOM INC | Technology | 4.7M | $1.45B | 0.8% | -0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.8M | $1.42B | 0.8% | +1.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.8M | $1.41B | 0.8% | -3.9% |
| VFC VF CORP | Other | 74.1M | $1.26B | 0.7% | -0.4% |
| ERIE ERIE INDEMNITY COMPANY-CL A | Financials | 4.9M | $1.23B | 0.7% | 0.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 7.7M | $1.11B | 0.6% | -2.1% |
| HD HOME DEPOT INC | Consumer discretionary | 3.2M | $1.05B | 0.6% | +1.1% |
| MRK MERCK & CO. INC. | Healthcare | 7.5M | $905.8M | 0.5% | -1.2% |
| ABBV ABBVIE INC | Healthcare | 4.1M | $895.0M | 0.5% | -0.7% |
| V VISA INC-CLASS A SHARES | Services media | 2.8M | $834.3M | 0.5% | -3.7% |
| GOOG ALPHABET INC-CL C | Technology | 2.8M | $815.1M | 0.5% | +0.3% |
| CVX CHEVRON CORP | Energy | 3.9M | $812.8M | 0.5% | +0.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 2.6M | $812.2M | 0.5% | -1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 1.4M | $788.0M | 0.5% | +0.7% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 984 | $706.6M | 0.4% | -2.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 630.8K | $628.6M | 0.4% | +0.7% |
| PEP PEPSICO INC | Consumer staples | 4.0M | $616.8M | 0.4% | -1.5% |
| NEE NEXTERA ENERGY INC | Utilities | 6.4M | $595.8M | 0.3% | -0.9% |
| LRCX LAM RESEARCH CORP | Industrials | 2.6M | $564.0M | 0.3% | -5.4% |
| RTX RTX CORP | Industrials | 2.9M | $551.9M | 0.3% | -2.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.1M | $518.9M | 0.3% | +0.5% |
| CSCO CISCO SYSTEMS INC | Technology | 6.6M | $512.7M | 0.3% | +3.7% |
| WMT WALMART INC | Consumer discretionary | 3.9M | $488.5M | 0.3% | +1.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 4.6M | $472.0M | 0.3% | -1.4% |
| KO COCA-COLA CO/THE | Consumer staples | 6.2M | $468.7M | 0.3% | +0.4% |
| ORCL ORACLE CORP | Technology | 3.0M | $438.4M | 0.3% | -1.8% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 2.6M | $434.1M | 0.3% | +0.1% |
| BAC BANK OF AMERICA CORP | Financials | 8.8M | $431.4M | 0.2% | -1.8% |
| KTB KONTOOR BRANDS INC | Other | 6.0M | $422.9M | 0.2% | -11.0% |
| MA MASTERCARD INC - A | Services media | 830.3K | $414.9M | 0.2% | +0.5% |
| MS MORGAN STANLEY | Financials | 2.4M | $396.9M | 0.2% | -0.5% |
| AMGN AMGEN INC | Healthcare | 1.1M | $377.7M | 0.2% | +2.3% |
| SYK STRYKER CORP | Healthcare | 1.1M | $356.7M | 0.2% | +8.8% |
| BLK BLACKROCK INC | Financials | 363.6K | $349.7M | 0.2% | +2.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 2.2M | $344.3M | 0.2% | +5.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 1.5M | $340.8M | 0.2% | -0.7% |
| ETN EATON CORP PLC | Industrials | 936.6K | $335.0M | 0.2% | -2.5% |
| LMT LOCKHEED MARTIN CORP | Industrials | 522.6K | $315.9M | 0.2% | +4.4% |
| AXP AMERICAN EXPRESS CO | Financials | 1.0M | $307.3M | 0.2% | -1.3% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 1.5M | $304.4M | 0.2% | -0.5% |
| GEV GE VERNOVA INC | Industrials | 343.9K | $300.2M | 0.2% | +2.1% |
| PWR QUANTA SERVICES INC | Industrials | 544.3K | $298.8M | 0.2% | 0.0% |
| WEC WEC ENERGY GROUP INC | Utilities | 2.6M | $297.6M | 0.2% | +0.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 17145 | $157.24B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 17135 | $166.63B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 17124 | $148.57B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 16834 | $139.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 16541 | $134.86B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 15956 | $133.99B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 15960 | $140.85B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 16061 | $135.41B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 16025 | $128.55B | canonical | SEC ↗ |
Similar funds
VANGUARD CAPITAL MANAGEMENT LLCVANGUARD PORTFOLIO MANAGEMENT LLCPRICE T ROWE ASSOCIATES INC /MD/Bank of New York Mellon CorpLegal & General Group PlcVANGUARD FIDUCIARY TRUST CONuveen, LLCAmundiJANUS HENDERSON GROUP PLCAMERICAN CENTURY COMPANIES INCPRINCIPAL FINANCIAL GROUP INCVanguard Global Advisers, LLC