Pnc Financial Services Group, INC.
Reported US equity positions for Q1 2026 — $173.2B across 17,145 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| LLY Eli Lilly and Company | $47.2B | 27.3% | 51,328,908 |
| IVV iShares Core S&P 500 ETF | $10.2B | 5.9% | 15,679,384 |
| AAPL Apple Inc. | $4.8B | 2.8% | 18,967,095 |
| MSFT Microsoft Corporation | $3.4B | 1.9% | 9,124,106 |
| SPY State Street SPDR S&P 500 ETF Trust | $2.5B | 1.5% | 3,903,472 |
| GOOGL Alphabet Inc. | $2.5B | 1.5% | 8,795,230 |
| JPM JP Morgan Chase & Co. | $2.0B | 1.1% | 6,659,286 |
| NVDA NVIDIA Corporation | $1.9B | 1.1% | 11,057,975 |
| XOM ExxonMobil Holdings Corporation | $1.7B | 1.0% | 10,288,120 |
| QQQ Invesco QQQ Trust, Series 1 | $1.7B | 1.0% | 2,974,572 |
| IEFA iShares Core MSCI EAFE ETF | $1.5B | 0.9% | 16,811,167 |
| AVGO Broadcom Inc. | $1.4B | 0.8% | 4,679,585 |
| AMZN Amazon.com, Inc. | $1.4B | 0.8% | 6,828,548 |
| JNJ Johnson & Johnson | $1.4B | 0.8% | 5,752,985 |
| IDEV iShares Core MSCI International Developed Markets ETF | $1.4B | 0.8% | 16,561,195 |
| IWF iShares Russell 1000 Growth Fund | $1.3B | 0.8% | 3,057,823 |
| AIQ Global X Artificial Intelligence & Technology ETF | $1.3B | 0.7% | 27,168,276 |
| VFC V.F. Corporation | $1.3B | 0.7% | 74,134,243 |
| GOVT iShares U.S. Treasury Bond ETF | $1.3B | 0.7% | 54,704,163 |
| ERIE Erie Indemnity Company | $1.2B | 0.7% | 4,909,034 |
| IWR iShares Russell Mid-Cap ETF | $1.2B | 0.7% | 12,333,478 |
| QUAL iShares MSCI USA Quality Factor ETF | $1.2B | 0.7% | 6,138,151 |
| PG The Procter & Gamble Company | $1.1B | 0.6% | 7,693,061 |
| IJH iShares Core S&P Mid-Cap ETF | $1.1B | 0.6% | 15,872,639 |
| AVLV Avantis U.S. Large Cap Value ETF | $1.1B | 0.6% | 13,221,779 |
| HD The Home Depot, Inc. | $1.0B | 0.6% | 3,190,635 |
| IEMG iShares Core MSCI Emerging Markets ETF | $1.0B | 0.6% | 15,024,436 |
| DGRW WisdomTree U.S. Quality Dividend Growth Fund | $1.0B | 0.6% | 11,696,187 |
| AGG iShares Core U.S. Aggregate Bond ETF | $1.0B | 0.6% | 10,336,251 |
| VUG Vanguard Morningstar Growth ETF | $998.5M | 0.6% | 2,285,943 |
| IJR iShares Core S&P Small-Cap ETF | $941.0M | 0.5% | 7,569,528 |
| MRK Merck & Company, Inc. Common Stock (new) | $905.8M | 0.5% | 7,530,441 |
| ABBV AbbVie Inc. | $895.0M | 0.5% | 4,114,966 |
| DFIV Dimensional International Value ETF | $868.5M | 0.5% | 16,455,753 |
| V Visa Inc. | $834.3M | 0.5% | 2,760,408 |
| VTV Vanguard Morningstar Value ETF | $833.4M | 0.5% | 4,247,947 |
| IWB iShares Russell 1000 ETF | $830.6M | 0.5% | 2,329,545 |
| EFA iShares MSCI EAFE ETF | $815.8M | 0.5% | 8,399,549 |
| GOOG Alphabet Inc. - Class C Capital Stock | $815.1M | 0.5% | 2,841,449 |
| CVX Chevron Corporation | $812.8M | 0.5% | 3,928,530 |
| MCD McDonald's Corporation | $812.2M | 0.5% | 2,613,399 |
| IEF iShares 7-10 Year Treasury Bond ETF | $804.4M | 0.5% | 8,428,734 |
| IQLT iShares MSCI Intl Quality Factor ETF | $800.2M | 0.5% | 17,309,402 |
| IWM iShares Russell 2000 Index Fund | $790.5M | 0.5% | 3,187,467 |
| META Meta Platforms, Inc. | $788.0M | 0.5% | 1,377,342 |
| MUB iShares National Muni Bond ETF | $762.7M | 0.4% | 7,185,272 |
| VTI Vanguard Morningstar Total Stock Market ETF | $749.8M | 0.4% | 2,337,078 |
| IWD iShares Russell 1000 Value ETF | $723.5M | 0.4% | 3,385,962 |
| BRK.A Berkshire Hathaway Inc. | $706.6M | 0.4% | 984 |
| VO Vanguard Morningstar Mid-Cap ETF | $677.4M | 0.4% | 2,358,867 |
| COST Costco Wholesale Corporation | $628.6M | 0.4% | 630,814 |
| VV Vanguard Morningstar Large-Cap ETF | $628.4M | 0.4% | 2,102,746 |
| VEU Vanguard FTSE All World Ex US ETF | $619.3M | 0.4% | 8,246,925 |
| PEP PepsiCo, Inc. | $616.8M | 0.4% | 3,972,068 |
| IVW iShares S&P 500 Growth ETF | $609.7M | 0.4% | 5,390,020 |
| NEE NextEra Energy, Inc. | $595.8M | 0.3% | 6,414,739 |
| VWO Vanguard FTSE Emerging Markets ETF | $565.0M | 0.3% | 10,454,119 |
| LRCX Lam Research Corporation | $564.0M | 0.3% | 2,639,909 |
| RTX RTX Corporation | $551.9M | 0.3% | 2,861,164 |
| QQQM Invesco NASDAQ 100 ETF | $531.2M | 0.3% | 2,235,446 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| SPY State Street SPDR S&P 500 ETF Trust | Trim | $2.5B | $2.8B | -4% |
| JPM JP Morgan Chase & Co. | Trim | $2.0B | $2.2B | -1% |
| NVDA NVIDIA Corporation | Add | $1.9B | $2.0B | +3% |
| XOM ExxonMobil Holdings Corporation | Trim | $1.7B | $1.3B | -1% |
| QQQ Invesco QQQ Trust, Series 1 | Trim | $1.7B | $1.9B | -2% |
| AMZN Amazon.com, Inc. | Add | $1.4B | $1.5B | +2% |
| JNJ Johnson & Johnson | Trim | $1.4B | $1.2B | -4% |
| IDEV iShares Core MSCI International Developed Markets ETF | Add | $1.4B | $985.8M | +39% |
| AIQ Global X Artificial Intelligence & Technology ETF | Add | $1.3B | $1.2B | +17% |
| GOVT iShares U.S. Treasury Bond ETF | Add | $1.3B | $1.2B | +3% |
| IWR iShares Russell Mid-Cap ETF | Trim | $1.2B | $1.2B | -1% |
| QUAL iShares MSCI USA Quality Factor ETF | Trim | $1.2B | $1.3B | -5% |
| PG The Procter & Gamble Company | Trim | $1.1B | $1.1B | -2% |
| IJH iShares Core S&P Mid-Cap ETF | Add | $1.1B | $1.0B | +2% |
| AVLV Avantis U.S. Large Cap Value ETF | Trim | $1.1B | $1.0B | -4% |
| HD The Home Depot, Inc. | Add | $1.0B | $1.1B | +1% |
| IEMG iShares Core MSCI Emerging Markets ETF | Add | $1.0B | $924.6M | +9% |
| DGRW WisdomTree U.S. Quality Dividend Growth Fund | Trim | $1.0B | $1.1B | -5% |
| AGG iShares Core U.S. Aggregate Bond ETF | Add | $1.0B | $987.3M | +5% |
| IJR iShares Core S&P Small-Cap ETF | Trim | $941.0M | $956.3M | -5% |
| MRK Merck & Company, Inc. Common Stock (new) | Trim | $905.8M | $802.3M | -1% |
| DFIV Dimensional International Value ETF | Add | $868.5M | $772.2M | +6% |
| V Visa Inc. | Trim | $834.3M | $1.0B | -4% |
| IWB iShares Russell 1000 ETF | Add | $830.6M | $858.0M | +1% |
| MCD McDonald's Corporation | Trim | $812.2M | $810.0M | -1% |
| IQLT iShares MSCI Intl Quality Factor ETF | Trim | $800.2M | $829.0M | -5% |
| IWM iShares Russell 2000 Index Fund | Add | $790.5M | $736.1M | +7% |
| MUB iShares National Muni Bond ETF | Trim | $762.7M | $785.8M | -2% |
| IWD iShares Russell 1000 Value ETF | Trim | $723.5M | $748.3M | -5% |
| BRK.A Berkshire Hathaway Inc. | Trim | $706.6M | $761.6M | -2% |
| VO Vanguard Morningstar Mid-Cap ETF | Add | $677.4M | $668.9M | +2% |
| VEU Vanguard FTSE All World Ex US ETF | Add | $619.3M | $589.1M | +3% |
| PEP PepsiCo, Inc. | Trim | $616.8M | $578.8M | -2% |
| VWO Vanguard FTSE Emerging Markets ETF | Add | $565.0M | $550.0M | +2% |
| LRCX Lam Research Corporation | Trim | $564.0M | $477.5M | -5% |
| RTX RTX Corporation | Trim | $551.9M | $536.5M | -2% |
| QQQM Invesco NASDAQ 100 ETF | Trim | $531.2M | $572.7M | -1% |
| DVY iShares Select Dividend ETF | Trim | $531.0M | $501.6M | -1% |
| VEA Vanguard FTSE Developed Markets ETF | Trim | $518.1M | $531.2M | -5% |
| VB Vanguard Morningstar Small-Cap ETF | Add | $514.1M | $501.2M | +1% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.