Style
GrowthTurnover
Orientation
Concentrated long-termPNC’s investment style reflects a high-conviction, large-cap core approach with a significant tilt toward healthcare, which accounts for 30.9% of the portfolio, driven primarily by a 27.3% position in Eli Lilly. The fund also maintains broad market exposure through ETFs, with IVV, SPY, QQQ, IEFA, and IDEV collectively representing about 10.1% of assets, alongside individual mega-cap holdings in technology and financials like Apple, Microsoft, and JPMorgan. The concentrated allocation to Lilly, nearly five times the next largest holding, indicates a strong thematic bet on pharmaceutical growth, while the inclusion of diversified index ETFs balances this concentration and suggests a strategic blend of active conviction and passive indexing.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | ELI Lilly & Co(LLY) | 51,322,720 | $61.6B | 30.51% |
| 2 | Ishares TR(IVV) | 15,414,622 | $11.5B | 5.72% |
| 3 | Apple Inc(AAPL) | 18,799,774 | $5.4B | 2.70% |
| 4 | Microsoft Corp(MSFT) | 9,232,435 | $3.4B | 1.71% |
Latest filing, equity positions only
| 5 |
| Alphabet Inc(GOOGL) |
| 8,601,385 |
| $3.1B |
| 1.52% |
| 6 | State STR Spdr S&P 500 ETF T(SPY) | 3,829,921 | $2.9B | 1.42% |
| 7 | Nvidia Corporation(NVDA) | 11,347,969 | $2.3B | 1.13% |
| 8 | JPMorgan Chase & Co(JPM) | 6,506,150 | $2.1B | 1.06% |
| 9 | Invesco QQQ TR(QQQ) | 2,886,618 | $2.1B | 1.05% |
| 10 | Broadcom Inc(AVGO) | 4,581,994 | $1.7B | 0.86% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Healthcare | 30.97% | 33.82% | +2.85% |
| Technology | 9.87% | 10.7% | +0.83% |
| Unclassified | 36.13% | 35.34% | -0.79% |
| Energy | 2.07% | 1.44% | -0.63% |
| Financial Services | 6.05% | 5.51% | -0.54% |
| Consumer Cyclical | 3.99% | 3.55% | -0.44% |
| Industrials | 3.57% | 3.13% | -0.44% |
| Consumer Defensive | 2.64% | 2.22% | -0.42% |
| Utilities | 0.99% | 0.82% | -0.17% |
| Communication Services | 3.06% | 2.91% | -0.15% |
| Basic Materials | 0.4% | 0.32% | -0.08% |
| Real Estate | 0.26% | 0.24% | -0.02% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 50.21% | 52.62% | +2.41% |
| Unclassified | 36.13% | 35.34% | -0.79% |
| Large Cap | 12.23% | 10.74% | -1.49% |
| Mid Cap | 1.32% | 1.18% | -0.14% |
| Small Cap | 0.1% | 0.11% | +0.01% |
| Micro Cap | 0.01% | 0.01% | 0% |
Quarter-over-quarter position changes