Pennsylvania Capital Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Pennsylvania Capital Management Inc. reported 110 stock positions worth $348.5 million. Its top holding was Apple (AAPL) at 10.8% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 8.5%) and Microsoft (MSFT, 8.2%). Compared with Q4 2025, it opened 4 new positions, sold out of 5, added to 39 and reduced 29. The biggest buy was Schwab Fndmn Intl LRG Co. ETF (FNDF, shares +4%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
HUNTINGDON VALLEY, PA
CIK
0001004140
Portfolio Value
$348.5M (Q1 2026)
SEC Filing
0001004140-26-000003 ↗ filed Apr 28, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $241.6M Q1 2024 Q2 2024: $258.7M Q2 2024 Q3 2024: $277.3M Q3 2024 Q4 2024: $290.5M Q4 2024 Q1 2025: $271.3M Q1 2025 Q2 2025: $311.7M Q2 2025 Q3 2025: $342.6M Q3 2025 Q4 2025: $364.3M Q4 2025 Q1 2026: $348.5M $348.5M Q1 2026 Q2 2026: $393.8M Q2 2026

Holdings 110 stocks · $348.5M
AAPL Apple Inc. 10.84% 148,806 $37.8M Reduce -1.2%
IVV iShares Core S&P 500 ETF 8.55% 45,592 $29.8M Reduce -0.6%
MSFT Microsoft Corp. 8.22% 77,396 $28.6M Add +0.1%
JPIE JPMorgan Income ETF 6.10% 461,397 $21.3M Add +1.8%
FNDX Schwab Fndmntl US LRG Co. ETF 5.40% 675,288 $18.8M Add +0.5%
BINC iShares Flex I A ETF-Usd Inc. 5.34% 358,530 $18.6M Add +3.9%
AMZN Amazon.com Inc. 5.21% 87,166 $18.2M Reduce -0.1%
NVDA Nvidia Corp. 4.00% 79,947 $13.9M Add +0.4%
FNDF Schwab Fndmn Intl LRG Co. ETF 3.88% 276,562 $13.5M Add +3.9%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 3.24% 30,770 $11.3M Add +0.7%
JNJ Johnson & Johnson 3.01% 42,934 $10.5M No change
VOO Vanguard S&P 500 ETF 2.93% 17,058 $10.2M Add +1.2%
IJH iShares Core S&P Midcap ETF 2.29% 117,966 $8.0M Reduce -0.4%
GOOGL Alphabet Inc. Class A 1.79% 21,682 $6.2M Add +0.8%
SMH Vaneck Semiconductor ETF 1.53% 13,902 $5.3M Add +1.2%
VMC Vulcan Materials Co. 1.20% 15,319 $4.2M Reduce -1.3%
LLY Eli Lilly & Co. 1.09% 4,140 $3.8M No change
IXUS iShares Core Intl Stock ETF 1.06% 42,618 $3.7M No change
TSLA Tesla Inc. 0.99% 9,260 $3.4M Add +3.2%
XLY SS Consumer Disc Select Sect 0.96% 30,720 $3.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.92% 4,905 $3.2M Add +0.1%
DSI iShares ESG MSCI KLD 400 ETF 0.91% 26,202 $3.2M Reduce -0.4%
IJR iShares Core S&P Small-Cap E 0.88% 24,781 $3.1M Reduce -0.4%
SOXX iShares Semiconductor ETF 0.76% 8,021 $2.6M Add +3.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.73% 8,864 $2.5M No change
SCHX Schwab US Large-Cap ETF 0.70% 94,585 $2.4M Add +14.0%
SCHD Schwab US DVD Equity ETF 0.66% 74,519 $2.3M Add +0.0%
CZNC Citizens & Northern Corp. 0.64% 99,967 $2.2M Reduce -0.8%
VB Vanguard Most SM-Cap ETF-Usd 0.57% 7,617 $2.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.55% 4,026 $1.9M Reduce -0.5%
GOOG Alphabet Inc. Class C 0.53% 6,458 $1.9M Reduce -0.0%
XOM Exxon Mobil Corp. 0.51% 10,567 $1.8M Add +41.0%
ADI Analog Devices Inc. 0.47% 5,200 $1.7M No change
EPD Enterprise Products Partners 0.47% 43,335 $1.6M Add +0.2%
VYM Vanguard High DVD Yield ETF 0.44% 10,441 $1.5M No change
MS Morgan Stanley 0.42% 8,817 $1.5M No change
RTX RTX Corp. 0.42% 7,514 $1.4M No change
SCHG Schwab US Large-Cap Growth 0.39% 47,106 $1.4M Reduce -1.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.36% 4,882 $1.3M No change
VOX Vanguard Communication Servi 0.36% 6,952 $1.3M No change
JPST JPMorgan Ultra-Short Income 0.35% 24,441 $1.2M Reduce -27.9%
NEE Nextera Energy Inc. 0.35% 13,130 $1.2M Reduce -0.5%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.35% 23,712 $1.2M Reduce -27.4%
VTI VG Morningstar TS MKT ETF-US 0.34% 3,705 $1.2M Add +0.3%
IVW iShares S&P 500 Growth ETF 0.34% 10,356 $1.2M No change
IVES Dan Wedbush AI Rev ETF 0.31% 38,593 $1.1M Add +1.9%
IVE iShares S&P 500 Value ETF 0.31% 5,037 $1.1M No change
SCHM Schwab US Mid Cap ETF 0.30% 34,326 $1.1M Add +7.7%
META Meta Platforms Inc. Class A 0.26% 1,568 $897K Add +0.1%
JPM JPMorgan Chase & Co. 0.23% 2,716 $799K Add +34.8%
BIL SS SPDR BB 1-3M T-Bill ETF 0.23% 8,665 $794K New
BX Blackstone Inc. 0.22% 6,791 $781K Reduce -5.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.22% 13,670 $759K Add +34.7%
COF Capital One Financial Corp. 0.21% 4,102 $748K Reduce -2.3%
JBND JPMorgan Active Bond ETF 0.21% 13,770 $740K New
QQQ Invesco QQQ Trust Series 1 0.21% 1,274 $735K Reduce -0.4%
AMP Ameriprise Financial Inc. 0.20% 1,606 $714K No change
AVGO Broadcom Inc. 0.20% 2,259 $699K Add +11.9%
VTES Vanguard SH Term Tax-Ex Bond 0.20% 6,896 $697K Add +80.9%
VBIL Vanguard 0-3M T-Bill ETF 0.20% 9,192 $695K Reduce -32.4%
CNC Centene Corp. 0.20% 21,191 $694K Reduce -4.5%
PFF iShares Preferred & Income S 0.19% 21,590 $655K No change
JEPI JPMorgan Equity Premium Inco 0.19% 11,393 $646K Reduce -8.7%
ERIE Erie Indemnity Company Class A 0.18% 2,550 $641K No change
XLF SS Financial Select Sector 0.18% 12,406 $612K No change
TXN Texas Instruments Inc. 0.18% 3,146 $611K No change
XLE SS Energy Select Sector 0.17% 9,465 $580K No change
FBTC Fidelity Wise Origin Bitcoin 0.16% 9,605 $567K Add +26.2%
COST Costco Wholesale Corp. 0.16% 565 $563K No change
SCHA Schwab US Small-Cap ETF 0.16% 18,585 $540K Add +4.6%
IWB iShares Russell 1000 ETF 0.15% 1,418 $506K No change
SYF Synchrony Financial 0.14% 7,144 $486K No change
VCRM Vanguard Core Tax-Ex Bond 0.14% 6,444 $484K Add +25.7%
LPLA LPL Financial Holdings Inc. 0.14% 1,572 $473K No change
CEG Constellation Energy 0.13% 1,634 $456K No change
GD General Dynamics Corp. 0.13% 1,320 $453K No change
FULT Fulton Financial Corp. 0.13% 21,900 $445K No change
FELG Fidelity Enh LRG Cap GWTH 0.13% 11,621 $436K Reduce -8.2%
CW Curtiss-Wright Corp. 0.12% 613 $418K Reduce -8.4%
VIG Vanguard Dividend Apprec ETF 0.11% 1,804 $388K Reduce -2.5%
GPIX GLDM SA S&P 500 PR in ETF-US 0.11% 7,466 $374K No change
TMO Thermo Fisher Scientific Inc. 0.10% 706 $347K Reduce -7.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 7,022 $342K No change
QCOM Qualcomm Inc. 0.10% 2,634 $339K Reduce -9.1%
MSTR Strategy Inc. 0.09% 2,611 $326K Reduce -23.9%
WMT Walmart Inc. 0.09% 2,611 $324K Add +7.3%
MINO PIMCO Municipal Income Oppor 0.09% 7,051 $318K Add +9.8%
GLD SPDR Gold Shares 0.09% 739 $318K Add +27.6%
FTNT Fortinet Inc. 0.09% 3,800 $311K No change
CMG Chipotle Mexican Grill Inc. 0.09% 9,700 $310K No change
GS Goldman Sachs Group Inc. 0.09% 362 $306K Add +18.7%
IBIT iShares Bitcoin Trust ETF 0.08% 7,569 $291K Add +4.1%
SMHX Vaneck Fables Smicndctr ETF 0.08% 7,810 $291K No change
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY 0.08% 8,612 $272K New
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 609 $266K No change
EXC Exelon Corp. 0.08% 5,355 $263K No change
ADP Automatic Data Processing 0.07% 1,279 $260K Reduce -13.2%
HYDB iShares High Yield Systemati 0.07% 5,335 $248K Add +1.0%
EFA iShares MSCI Eafe ETF 0.07% 2,542 $247K No change
JMUB JPMorgan Municipal ETF 0.07% 4,919 $246K Add +4.9%

Show all 110 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $998K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 645$745KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 212$253KNo change

Total filed on the 13F, all lines: $349.5M.

Portfolio Sells Q4 2025 → Q1 2026
AAPL Apple Inc. Reduce -1.2% 10.84% −0.40
AMZN Amazon.com Inc. Reduce -0.1% 5.21% −0.32
JPST JPMorgan Ultra-Short Income Reduce -27.9% 0.35% −0.12
JMST JPM Ultra-Short Muni Income Reduce -27.4% 0.35% −0.11
HODL Vaneck Bitcoin ETF Sold out 0.00% −0.10
VBIL Vanguard 0-3M T-Bill ETF Reduce -32.4% 0.20% −0.08
BX Blackstone Inc. Reduce -5.8% 0.22% −0.08
IVV iShares Core S&P 500 ETF Reduce -0.6% 8.55% −0.07
HELO JPMorgan Hedged Equity ETF Sold out 0.00% −0.07
COF Capital One Financial Corp. Reduce -2.3% 0.21% −0.06
GE General Electric Sold out 0.00% −0.06
SUSA iShares ESG Optimized MSCI U Sold out 0.00% −0.06
CLOU Global X Cloud Computing ETF Sold out 0.00% −0.06
CNC Centene Corp. Reduce -4.5% 0.20% −0.05
MSTR Strategy Inc. Reduce -23.9% 0.09% −0.05
QCOM Qualcomm Inc. Reduce -9.1% 0.10% −0.04
SCHG Schwab US Large-Cap Growth Reduce -1.0% 0.39% −0.03
ADP Automatic Data Processing Reduce -13.2% 0.07% −0.03
GOOG Alphabet Inc. Class C Reduce -0.0% 0.53% −0.02
TMO Thermo Fisher Scientific Inc. Reduce -7.0% 0.10% −0.02
FELG Fidelity Enh LRG Cap GWTH Reduce -8.2% 0.13% −0.02
DSI iShares ESG MSCI KLD 400 ETF Reduce -0.4% 0.91% −0.02
ORCL Oracle Corp. Reduce -2.5% 0.06% −0.02
VMC Vulcan Materials Co. Reduce -1.3% 1.20% −0.02
JEPI JPMorgan Equity Premium Inco Reduce -8.7% 0.19% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 0.55% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.4% 0.21% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -2.5% 0.11% −0.00
DGRO iShares Core Dividend Growth Reduce -0.1% 0.07% +0.00
CW Curtiss-Wright Corp. Reduce -8.4% 0.12% +0.02
NEE Nextera Energy Inc. Reduce -0.5% 0.35% +0.06
IJR iShares Core S&P Small-Cap E Reduce -0.4% 0.88% +0.06
CZNC Citizens & Northern Corp. Reduce -0.8% 0.64% +0.08
IJH iShares Core S&P Midcap ETF Reduce -0.4% 2.29% +0.14

Portfolio Buys Q4 2025 → Q1 2026
FNDF Schwab Fndmn Intl LRG Co. ETF Add +3.9% 3.88% +0.58
FNDX Schwab Fndmntl US LRG Co. ETF Add +0.5% 5.40% +0.38
BINC iShares Flex I A ETF-Usd Inc. Add +3.9% 5.34% +0.34
JPIE JPMorgan Income ETF Add +1.8% 6.10% +0.34
XOM Exxon Mobil Corp. Add +41.0% 0.51% +0.27
BIL SS SPDR BB 1-3M T-Bill ETF New 0.23% +0.23
JBND JPMorgan Active Bond ETF New 0.21% +0.21
SMH Vaneck Semiconductor ETF Add +1.2% 1.53% +0.17
SOXX iShares Semiconductor ETF Add +3.6% 0.76% +0.12
SCHD Schwab US DVD Equity ETF Add +0.0% 0.66% +0.10
VTES Vanguard SH Term Tax-Ex Bond Add +80.9% 0.20% +0.09
EPD Enterprise Products Partners Add +0.2% 0.47% +0.09
SCHX Schwab US Large-Cap ETF Add +14.0% 0.70% +0.08
CGNG Cap Group New Geography Eq New 0.08% +0.08
MRK Merck & Co. Inc. New 0.06% +0.06
JEPQ JPM Nasdaq Equity Premium Add +34.7% 0.22% +0.06
JPM JPMorgan Chase & Co. Add +34.8% 0.23% +0.05
SCHM Schwab US Mid Cap ETF Add +7.7% 0.30% +0.04
VCRM Vanguard Core Tax-Ex Bond Add +25.7% 0.14% +0.03
GLD SPDR Gold Shares Add +27.6% 0.09% +0.03
VOO Vanguard S&P 500 ETF Add +1.2% 2.93% +0.02
WMT Walmart Inc. Add +7.3% 0.09% +0.02
SCHA Schwab US Small-Cap ETF Add +4.6% 0.16% +0.02
GS Goldman Sachs Group Inc. Add +18.7% 0.09% +0.01
MINO PIMCO Municipal Income Oppor Add +9.8% 0.09% +0.01
AVGO Broadcom Inc. Add +11.9% 0.20% +0.01
JMUB JPMorgan Municipal ETF Add +4.9% 0.07% +0.01
AMD Advanced Micro Devices Add +10.5% 0.06% +0.01
SCHB Schwab US Broad Market ETF Add +9.2% 0.06% +0.01
FBTC Fidelity Wise Origin Bitcoin Add +26.2% 0.16% +0.00
CGDV Cap Group Dividend Value Add +2.2% 0.07% +0.00
HYDB iShares High Yield Systemati Add +1.0% 0.07% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.3% 0.34% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 0.92% −0.00
IBM Intl Business Machines Corp. Add +0.1% 0.07% −0.01
IVES Dan Wedbush AI Rev ETF Add +1.9% 0.31% −0.01
IBIT iShares Bitcoin Trust ETF Add +4.1% 0.08% −0.02
META Meta Platforms Inc. Class A Add +0.1% 0.26% −0.03
GOOGL Alphabet Inc. Class A Add +0.8% 1.79% −0.06
NVDA Nvidia Corp. Add +0.4% 4.00% −0.08
TSLA Tesla Inc. Add +3.2% 0.99% −0.12
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +0.7% 3.24% −0.22
MSFT Microsoft Corp. Add +0.1% 8.22% −2.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 121$393.8MAAPL, IVV, MSFT, FNDX, JPIE
Q1 2026 110$348.5MAAPL, IVV, MSFT, JPIE, FNDX
Q4 2025 111$364.3MAAPL, MSFT, IVV, JPIE, AMZN
Q3 2025 106$342.6MMSFT, AAPL, IVV, JPIE, AMZN
Q2 2025 105$311.7MMSFT, AAPL, IVV, AMZN, JPIE
Q1 2025 97$271.3MAAPL, MSFT, IVV, AMZN, JPIE
Q4 2024 98$290.5MAAPL, MSFT, IVV, AMZN, JPIE
Q3 2024 96$277.3MAAPL, MSFT, IVV, AMZN, JPIE
Q2 2024 85$258.7MMSFT, AAPL, AMZN, IVV, JPIE
Q1 2024 83$241.6MMSFT, AAPL, AMZN, IVV, JPIE