Cliff Asness's PNC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 4.13 M shares of The PNC Financial Services Group, Inc. (PNC) worth $861.84 M, representing 0.45% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PNC, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2025, adding 1.92 M shares. Largest reduction occurred in Q3 2017, reducing 1.04 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The PNC Financial Services Group (PNC) Holding Value Over Time
Track share changes against reported price movement
Quarterly The PNC Financial Services Group (PNC) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -296,914 | Reduce 6.71% | 4.13 M | $208.73 |
| Q3 2025 | +1.09 M | Add 32.55% | 4.43 M | $200.93 |
| Q2 2025 | +1.92 M | Add 134.90% | 3.34 M | $186.42 |
| Q1 2025 | +926,709 | Add 187.32% | 1.42 M | $172.40 |
| Q4 2024 | +320,510 | Add 183.97% | 494,725 | $192.85 |
| Q3 2024 | +128,767 | Add 283.33% | 174,215 | $182.01 |
| Q2 2024 | +5,640 | Add 14.17% | 45,448 | $153.64 |
| Q1 2024 | +2,859 | Add 7.74% | 39,808 | $160.44 |
| Q4 2023 | -77,347 | Reduce 67.67% | 36,949 | $154.85 |
| Q3 2023 | +67,490 | Add 144.19% | 114,296 | $122.77 |
| Q2 2023 | -92,765 | Reduce 66.46% | 46,806 | $125.54 |
| Q1 2023 | +113,062 | Add 426.50% | 139,571 | $126.50 |
| Q4 2022 | +4,197 | Add 18.81% | 26,509 | $157.94 |
| Q3 2022 | -4,939 | Reduce 18.12% | 22,312 | $149.43 |
| Q2 2022 | -2,270 | Reduce 7.69% | 27,251 | $153.17 |
| Q1 2022 | -83,967 | Reduce 73.99% | 29,521 | $184.44 |
| Q4 2021 | -10,873 | Reduce 8.74% | 113,488 | $200.52 |
| Q3 2021 | +22,573 | Add 22.18% | 124,361 | $195.64 |
| Q2 2021 | +10,058 | Add 10.96% | 101,788 | $190.76 |
| Q1 2021 | -5,778 | Reduce 5.93% | 91,730 | $175.41 |
| Q4 2020 | -16,398 | Reduce 14.40% | 97,508 | $146.62 |
| Q3 2020 | -295,456 | Reduce 72.17% | 113,906 | $108.40 |
| Q2 2020 | -788,707 | Reduce 65.83% | 409,362 | $103.73 |
| Q1 2020 | +221,157 | Add 22.64% | 1.2 M | $95.72 |
| Q4 2019 | +654,319 | Add 202.83% | 976,912 | $159.63 |
| Q3 2019 | -220,057 | Reduce 40.55% | 322,593 | $140.16 |
| Q2 2019 | -107,765 | Reduce 16.57% | 542,650 | $137.28 |
| Q1 2019 | -365,372 | Reduce 35.97% | 650,415 | $122.66 |
| Q4 2018 | -980,543 | Reduce 49.12% | 1.02 M | $116.91 |
| Q3 2018 | -205,400 | Reduce 9.33% | 2 M | $136.19 |
| Q2 2018 | -810,939 | Reduce 26.92% | 2.2 M | $135.10 |
| Q1 2018 | +69,433 | Add 2.36% | 3.01 M | $151.24 |
| Q4 2017 | -202,604 | Reduce 6.44% | 2.94 M | $144.29 |
| Q3 2017 | -1.04 M | Reduce 24.92% | 3.15 M | $135.40 |
| Q2 2017 | -545,932 | Reduce 11.53% | 4.19 M | $124.87 |
| Q1 2017 | -301,539 | Reduce 5.99% | 4.74 M | $120.24 |
| Q4 2016 | -423,301 | Reduce 7.75% | 5.04 M | $116.96 |
| Q3 2016 | +805,285 | Add 17.30% | 5.46 M | $90.09 |
| Q2 2016 | +132,537 | Add 2.93% | 4.66 M | $81.39 |
| Q1 2016 | +473,813 | Add 11.70% | 4.52 M | $84.57 |
| Q4 2015 | +211,271 | Add 5.50% | 4.05 M | $95.31 |
| Q3 2015 | +1.47 M | Add 61.99% | 3.84 M | $89.20 |
| Q2 2015 | +345,301 | Add 17.06% | 2.37 M | $95.65 |
| Q1 2015 | +86,391 | Add 4.46% | 2.02 M | $93.24 |
| Q4 2014 | +671,758 | Add 53.07% | 1.94 M | $91.23 |
| Q3 2014 | +29,280 | Add 2.37% | 1.27 M | $85.58 |
| Q2 2014 | +145,700 | Add 13.36% | 1.24 M | $89.05 |
| Q1 2014 | +306,303 | Add 39.05% | 1.09 M | $87.00 |
| Q4 2013 | +294,994 | Add 60.27% | 784,478 | $77.58 |
| Q3 2013 | +61,714 | Add 14.43% | 489,484 | $72.45 |
| Q2 2013 | +427,770 | Add 0.00% | 427,770 | $72.92 |
| Q4 2012 | +545,266 | Add 0.00% | 545,266 | $58.31 |
Cliff Asness's The PNC Financial Services Group Investment FAQs
Cliff Asness first purchased The PNC Financial Services Group, Inc. (PNC) in Q4 2012, acquiring 545,266 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held The PNC Financial Services Group, Inc. (PNC) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to The PNC Financial Services Group, Inc. (PNC) was in Q2 2025, adding 3,338,964 shares worth $622.45 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 4,128,991 shares of The PNC Financial Services Group, Inc. (PNC), valued at approximately $861.84 M.
As of the Q4 2025 filing, The PNC Financial Services Group, Inc. (PNC) represents approximately 0.45% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in The PNC Financial Services Group, Inc. (PNC) was 5,460,812 shares, as reported at the end of Q3 2016.