PNC Discloses Q4 2023 Equity Holdings: Alkermes, Allegion Top Picks

TL;DR

**PNC's Q4 2023 13F shows big stakes in Alkermes and Allegion, signaling their investment focus.**

AI Summary

PNC Financial Services Group, Inc. (PNC) filed its 13F-HR on February 9, 2024, disclosing its equity holdings as of December 31, 2023. The filing shows PNC held significant positions in companies like Alkermes PLC, with 58,794 shares valued at $1,630,946, and Allegion PLC, with 9,347 shares valued at $1,184,171. This matters to PNC shareholders because it provides transparency into how the bank is managing a portion of its investment portfolio, offering insights into its strategic asset allocation and potential growth areas.

Why It Matters

This filing reveals PNC's investment strategy and the specific stocks it held, which can influence investor confidence and provide clues about market trends from a major financial institution.

Risk Assessment

Risk Level: low — A 13F filing is a backward-looking disclosure of holdings and does not indicate future performance or significant new risks.

Analyst Insight

A smart investor would use this information to understand PNC's investment preferences and potentially research the performance of Alkermes PLC and Allegion PLC since December 31, 2023, to see if PNC's positions have been profitable.

Key Numbers

• $1,630,946 — Value of Alkermes PLC shares (Represents PNC's largest disclosed holding by value in this filing.)
• 58,794 — Shares of Alkermes PLC (The number of shares PNC held in Alkermes PLC as of December 31, 2023.)
• $1,184,171 — Value of Allegion PLC shares (Represents a substantial holding in PNC's portfolio.)
• 9,347 — Shares of Allegion PLC (The number of shares PNC held in Allegion PLC as of December 31, 2023.)
• 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate.)

Key Players & Entities

• PNC FINANCIAL SERVICES GROUP, INC. (company) — the filer of the 13F-HR
• Gregory H. Kozich (person) — Senior Vice President & Controller for PNC
• Alkermes PLC (company) — a significant holding in PNC's portfolio
• Allegion PLC (company) — another significant holding in PNC's portfolio
• Deutsche Bank A G (company) — a holding in PNC's portfolio

Forward-Looking Statements

• PNC will likely maintain its significant positions in Alkermes PLC and Allegion PLC in the near term. (PNC FINANCIAL SERVICES GROUP, INC.) — medium confidence, target: Q1 2024
• The disclosed holdings reflect a continued focus on established companies rather than speculative ventures. (PNC FINANCIAL SERVICES GROUP, INC.) — high confidence, target: Ongoing

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 3KB
• form13fInfoTable.html (INFORMATION TABLE)
• form13fInfoTable.xml (INFORMATION TABLE) — 8123KB
• 0000950123-24-001240.txt ( ) — 8128KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: PNC FINANCIAL SERVICES GROUP, INC. Address: THE TOWER AT PNC PLAZA 300 FIFTH AVENUE Pittsburgh , PA   15222-2401 Form 13F File Number: 028-01235 CRD Number (if applicable): SEC File Number (if applicable): 001-09718 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Gregory H. Kozich Title: Senior Vice President & Controller Phone: (888) 762-2265 Signature, Place, and Date of Signing: /s/ Gregory H. Kozich Pittsburgh ,  PA 01-09-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 15,167 Form 13F Information Table Value Total: 112,435,487,177 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 PNC Bank, National Association 028-5284       2 PNC Delaware Trust Company 028-13663       3 PNC Investments LLC 028-16415 000129052