Pennsylvania Capital Management Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Pennsylvania Capital Management Inc. reported 121 stock positions worth $393.8 million. Its top holding was Apple (AAPL) at 10.3% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 8.8%) and Microsoft (MSFT, 7.1%). Compared with Q1 2026, it opened 14 new positions, sold out of 3, added to 33 and reduced 38. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +307%) and the biggest sale Microsoft (MSFT, shares −3%).

Most Recent 13F
Q2 2026
Location
HUNTINGDON VALLEY, PA
CIK
0001004140
Portfolio Value
$393.8M (Q2 2026)
SEC Filing
0001004140-26-000005 ↗ filed Jul 24, 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 Q1 2026 Q2 2026: $393.8M $393.8M Q2 2026

Holdings 121 stocks · $393.8M
AAPL Apple Inc. 10.29% 140,052 $40.5M Reduce -5.9%
IVV iShares Core S&P 500 ETF 8.84% 46,506 $34.8M Add +2.0%
MSFT Microsoft Corp. 7.14% 75,371 $28.1M Reduce -2.6%
FNDX Schwab Fndmntl US LRG Co. ETF 5.51% 698,020 $21.7M Add +3.4%
JPIE JPMorgan Income ETF 5.45% 466,095 $21.5M Add +1.0%
AMZN Amazon.com Inc. 4.86% 80,292 $19.1M Reduce -7.9%
BINC iShares Flex I A ETF-Usd Inc. 4.82% 362,510 $19.0M Add +1.1%
NVDA Nvidia Corp. 4.03% 79,243 $15.9M Reduce -0.9%
FNDF Schwab Fndmn Intl LRG Co. ETF 3.84% 286,731 $15.1M Add +3.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 3.41% 152,625 $13.4M Reduce -0.8%
VOO Vanguard S&P 500 ETF 2.97% 17,050 $11.7M Reduce -0.1%
JNJ Johnson & Johnson 2.75% 42,653 $10.8M Reduce -0.7%
IJH iShares Core S&P Midcap ETF 2.32% 118,382 $9.1M Add +0.3%
SMH Vaneck Semiconductor ETF 2.31% 13,892 $9.1M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.84% 20,317 $7.3M Reduce -6.3%
SOXX iShares Semiconductor ETF 1.30% 7,990 $5.1M Reduce -0.4%
LLY Eli Lilly & Co. 1.28% 4,204 $5.0M Add +1.6%
JPST JPMorgan Ultra-Short Income 1.28% 99,482 $5.0M Add +307.0%
VMC Vulcan Materials Co. 1.14% 15,219 $4.5M Reduce -0.7%
DSI iShares ESG MSCI KLD 400 ETF 1.13% 31,148 $4.4M Add +18.9%
IXUS iShares Core Intl Stock ETF 1.03% 42,618 $4.1M No change
SCHX Schwab US Large-Cap ETF 0.96% 128,782 $3.8M Add +36.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.92% 4,863 $3.6M Reduce -0.9%
IJR iShares Core S&P Small-Cap E 0.92% 24,464 $3.6M Reduce -1.3%
XLY SS Consumer Disc Select Sect 0.92% 30,720 $3.6M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.73% 35,463 $2.9M No change
TSLA Tesla Inc. 0.61% 5,669 $2.4M Reduce -38.8%
CZNC Citizens & Northern Corp. 0.59% 99,967 $2.3M No change
VB Vanguard Most SM-Cap ETF-Usd 0.59% 7,619 $2.3M Add +0.0%
GOOG Alphabet Inc. Class C 0.58% 6,438 $2.3M Reduce -0.3%
SCHD Schwab US DVD Equity ETF 0.56% 69,237 $2.2M Reduce -7.1%
BRK.B Berkshire Hathaway Inc. Class B 0.53% 4,175 $2.1M Add +3.7%
ADI Analog Devices Inc. 0.51% 5,075 $2.0M Reduce -2.4%
MS Morgan Stanley 0.47% 8,817 $1.8M No change
SCHG Schwab US Large-Cap Growth 0.46% 53,696 $1.8M Add +14.0%
EPD Enterprise Products Partners 0.40% 43,335 $1.6M No change
SCHM Schwab US Mid Cap ETF 0.40% 42,803 $1.6M Add +24.7%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.38% 4,882 $1.5M No change
XOM Exxon Mobil Corp. 0.37% 10,567 $1.4M No change
RTX RTX Corp. 0.36% 7,514 $1.4M No change
IVW iShares S&P 500 Growth ETF 0.36% 10,356 $1.4M No change
VYM Vanguard High DVD Yield ETF 0.36% 8,976 $1.4M Reduce -14.0%
IVES Dan Wedbush AI Rev ETF 0.35% 36,533 $1.4M Reduce -5.3%
VOX Vanguard Communication Servi 0.32% 6,952 $1.3M No change
JPM JPMorgan Chase & Co. 0.29% 3,546 $1.2M Add +30.6%
NEE Nextera Energy Inc. 0.29% 13,131 $1.2M Add +0.0%
IVE iShares S&P 500 Value ETF 0.29% 5,034 $1.1M Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 0.29% 3,081 $1.1M Reduce -16.8%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.28% 21,463 $1.1M Reduce -9.5%
CNC Centene Corp. 0.27% 16,691 $1.1M Reduce -21.2%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.24% 15,585 $958K Add +14.0%
QQQ Invesco QQQ Trust Series 1 0.24% 1,274 $938K No change
META Meta Platforms Inc. Class A 0.22% 1,564 $881K Reduce -0.3%
TXN Texas Instruments Inc. 0.22% 2,898 $864K Reduce -7.9%
COF Capital One Financial Corp. 0.21% 4,102 $823K No change
BX Blackstone Inc. 0.19% 6,437 $757K Reduce -5.2%
AVGO Broadcom Inc. 0.19% 1,974 $746K Reduce -12.6%
AMP Ameriprise Financial Inc. 0.19% 1,606 $737K No change
JBND JPMorgan Active Bond ETF 0.19% 13,770 $737K No change
SCHA Schwab US Small-Cap ETF 0.18% 19,457 $703K Add +4.7%
MINO PIMCO Municipal Income Oppor 0.17% 14,811 $678K Add +110.1%
XLF SS Financial Select Sector 0.17% 12,406 $665K No change
PFF iShares Preferred & Income S 0.17% 21,590 $658K No change
PANW Palo Alto Networks Inc. 0.16% 1,799 $613K New
AMD Advanced Micro Devices 0.15% 1,035 $601K Reduce -1.8%
SPCX Space Exploration Techn Class A 0.15% 3,439 $588K New
FTNT Fortinet Inc. 0.15% 3,800 $584K No change
IWB iShares Russell 1000 ETF 0.15% 1,418 $581K No change
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY 0.14% 14,880 $557K Add +72.8%
COST Costco Wholesale Corp. 0.14% 585 $547K Add +3.5%
SYF Synchrony Financial 0.14% 7,144 $543K No change
ERIE Erie Indemnity Company Class A 0.14% 2,250 $539K Reduce -11.8%
FULT Fulton Financial Corp. 0.13% 21,900 $530K No change
XLE SS Energy Select Sector 0.13% 9,786 $520K Add +3.4%
SMHX Vaneck Fables Smicndctr ETF 0.13% 7,810 $499K No change
JEPI JPMorgan Equity Premium Inco 0.13% 8,739 $494K Reduce -23.3%
VCRM Vanguard Core Tax-Ex Bond 0.13% 6,444 $492K No change
VIG Vanguard Dividend Apprec ETF 0.12% 2,037 $482K Add +12.9%
IBIT iShares Bitcoin Trust ETF 0.12% 14,138 $471K Add +86.8%
GD General Dynamics Corp. 0.12% 1,320 $468K No change
VSDM Vanguard Short Tax-Ex Bond 0.12% 6,092 $467K New
CW Curtiss-Wright Corp. 0.12% 613 $465K No change
FELG Fidelity Enh LRG Cap GWTH 0.12% 10,595 $464K Reduce -8.8%
LPLA LPL Financial Holdings Inc. 0.11% 1,572 $443K No change
QCOM Qualcomm Inc. 0.11% 2,321 $429K Reduce -11.9%
GS Goldman Sachs Group Inc. 0.11% 420 $425K Add +16.0%
VBIL Vanguard 0-3M T-Bill ETF 0.11% 5,529 $418K Reduce -39.9%
GPIX GLDM SA S&P 500 PR in ETF-US 0.11% 7,466 $415K No change
CEG Constellation Energy 0.10% 1,634 $406K No change
BAC Bank of America Corp. 0.10% 7,022 $400K No change
DRAM Roundhill Memory ETF 0.10% 5,369 $397K New
VGMS Vanguard Multi-Sector 0.09% 7,238 $371K New
CMG Chipotle Mexican Grill Inc. 0.08% 9,700 $330K No change
CGHM Cap Group Muni High-Income 0.08% 12,757 $330K New
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 3,654 $315K No change
WMT Walmart Inc. 0.08% 2,632 $298K Add +0.8%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.07% 5,801 $286K Add +7.6%
JMUB JPMorgan Municipal ETF 0.07% 5,614 $284K Add +14.1%
CAT Caterpillar Inc. 0.07% 267 $284K New
TMO Thermo Fisher Scientific Inc. 0.07% 557 $279K Reduce -21.1%
GLD SPDR Gold Shares 0.07% 739 $272K No change
IWF iShares Russell 1000 Growth 0.07% 2,164 $269K No change
IWD iShares Russell 1000 Value E 0.07% 1,103 $267K New
EFA iShares MSCI Eafe ETF 0.07% 2,542 $264K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 935 $263K Add +0.1%
SCHB Schwab US Broad Market ETF 0.07% 8,975 $260K Add +6.1%
HYDB iShares High Yield Systemati 0.06% 5,418 $253K Add +1.6%
MRK Merck & Co. Inc. 0.06% 1,945 $250K Add +6.0%
EXC Exelon Corp. 0.06% 5,355 $250K No change
GE General Electric filed as GE AEROSPACE 0.06% 665 $249K New
DGRO iShares Core Dividend Growth 0.06% 3,264 $247K No change
CSCO Cisco Systems Inc. 0.06% 2,080 $244K New
CRWD CrowdStrike Holdings Inc. Class A 0.06% 307 $234K New
ROST Ross Stores Inc. 0.06% 1,099 $234K Reduce -2.3%
ORCL Oracle Corp. 0.06% 1,565 $229K Add +3.2%
MSTR Strategy Inc. 0.06% 2,607 $227K Reduce -0.1%
SUSA iShares ESG Optimized MSCI U 0.06% 1,464 $226K New
SPHQ Invesco S&P 500 Quality ETF 0.06% 2,424 $218K Reduce -14.4%
VTES Vanguard SH Term Tax-Ex Bond 0.05% 2,104 $213K Reduce -69.5%
TFLO iShares Treasury Floating Ra 0.05% 4,094 $207K New
HODL Vaneck Bitcoin ETF 0.04% 10,295 $171K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $984K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 621$718KReduce -3.7%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 212$266KNo change

Total filed on the 13F, all lines: $394.8M.

Portfolio Sells Q1 2026 → Q2 2026
MSFT Microsoft Corp. Reduce -2.6% 7.14% −1.08
AAPL Apple Inc. Reduce -5.9% 10.29% −0.55
TSLA Tesla Inc. Reduce -38.8% 0.61% −0.38
AMZN Amazon.com Inc. Reduce -7.9% 4.86% −0.35
JNJ Johnson & Johnson Reduce -0.7% 2.75% −0.26
BIL SS SPDR BB 1-3M T-Bill ETF Sold out 0.00% −0.23
FBTC Fidelity Wise Origin Bitcoin Sold out 0.00% −0.16
VTES Vanguard SH Term Tax-Ex Bond Reduce -69.5% 0.05% −0.15
SCHD Schwab US DVD Equity ETF Reduce -7.1% 0.56% −0.10
VBIL Vanguard 0-3M T-Bill ETF Reduce -39.9% 0.11% −0.09
VYM Vanguard High DVD Yield ETF Reduce -14.0% 0.36% −0.08
ADP Automatic Data Processing Sold out 0.00% −0.07
JMST JPM Ultra-Short Muni Income Reduce -9.5% 0.28% −0.07
JEPI JPMorgan Equity Premium Inco Reduce -23.3% 0.13% −0.06
VMC Vulcan Materials Co. Reduce -0.7% 1.14% −0.06
VTI VG Morningstar TS MKT ETF-US Reduce -16.8% 0.29% −0.05
ERIE Erie Indemnity Company Class A Reduce -11.8% 0.14% −0.05
MSTR Strategy Inc. Reduce -0.1% 0.06% −0.04
META Meta Platforms Inc. Class A Reduce -0.3% 0.22% −0.03
BX Blackstone Inc. Reduce -5.2% 0.19% −0.03
TMO Thermo Fisher Scientific Inc. Reduce -21.1% 0.07% −0.03
IVE iShares S&P 500 Value ETF Reduce -0.1% 0.29% −0.01
AVGO Broadcom Inc. Reduce -12.6% 0.19% −0.01
ROST Ross Stores Inc. Reduce -2.3% 0.06% −0.01
FELG Fidelity Enh LRG Cap GWTH Reduce -8.8% 0.12% −0.01
SPHQ Invesco S&P 500 Quality ETF Reduce -14.4% 0.06% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 0.92% +0.01
QCOM Qualcomm Inc. Reduce -11.9% 0.11% +0.01
NVDA Nvidia Corp. Reduce -0.9% 4.03% +0.03
ADI Analog Devices Inc. Reduce -2.4% 0.51% +0.04
IJR iShares Core S&P Small-Cap E Reduce -1.3% 0.92% +0.04
IVES Dan Wedbush AI Rev ETF Reduce -5.3% 0.35% +0.04
TXN Texas Instruments Inc. Reduce -7.9% 0.22% +0.04
GOOG Alphabet Inc. Class C Reduce -0.3% 0.58% +0.05
VOO Vanguard S&P 500 ETF Reduce -0.1% 2.97% +0.05
GOOGL Alphabet Inc. Class A Reduce -6.3% 1.84% +0.05
CNC Centene Corp. Reduce -21.2% 0.27% +0.07
AMD Advanced Micro Devices Reduce -1.8% 0.15% +0.09
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -0.8% 3.41% +0.16
SOXX iShares Semiconductor ETF Reduce -0.4% 1.30% +0.54
SMH Vaneck Semiconductor ETF Reduce -0.1% 2.31% +0.78

Portfolio Buys Q1 2026 → Q2 2026
JPST JPMorgan Ultra-Short Income Add +307.0% 1.28% +0.92
IVV iShares Core S&P 500 ETF Add +2.0% 8.84% +0.30
SCHX Schwab US Large-Cap ETF Add +36.1% 0.96% +0.27
DSI iShares ESG MSCI KLD 400 ETF Add +18.9% 1.13% +0.22
LLY Eli Lilly & Co. Add +1.6% 1.28% +0.19
PANW Palo Alto Networks Inc. New 0.16% +0.16
SPCX Space Exploration Techn Class A New 0.15% +0.15
VSDM Vanguard Short Tax-Ex Bond New 0.12% +0.12
FNDX Schwab Fndmntl US LRG Co. ETF Add +3.4% 5.51% +0.12
DRAM Roundhill Memory ETF New 0.10% +0.10
SCHM Schwab US Mid Cap ETF Add +24.7% 0.40% +0.10
VGMS Vanguard Multi-Sector New 0.09% +0.09
CGHM Cap Group Muni High-Income New 0.08% +0.08
MINO PIMCO Municipal Income Oppor Add +110.1% 0.17% +0.08
CAT Caterpillar Inc. New 0.07% +0.07
IWD iShares Russell 1000 Value E New 0.07% +0.07
SCHG Schwab US Large-Cap Growth Add +14.0% 0.46% +0.07
JPM JPMorgan Chase & Co. Add +30.6% 0.29% +0.07
CGNG Cap Group New Geography Eq Add +72.8% 0.14% +0.06
GE General Electric New 0.06% +0.06
CSCO Cisco Systems Inc. New 0.06% +0.06
CRWD CrowdStrike Holdings Inc. Class A New 0.06% +0.06
SUSA iShares ESG Optimized MSCI U New 0.06% +0.06
TFLO iShares Treasury Floating Ra New 0.05% +0.05
HODL Vaneck Bitcoin ETF New 0.04% +0.04
IBIT iShares Bitcoin Trust ETF Add +86.8% 0.12% +0.04
IJH iShares Core S&P Midcap ETF Add +0.3% 2.32% +0.03
JEPQ JPM Nasdaq Equity Premium Add +14.0% 0.24% +0.03
SCHA Schwab US Small-Cap ETF Add +4.7% 0.18% +0.02
GS Goldman Sachs Group Inc. Add +16.0% 0.11% +0.02
VB Vanguard Most SM-Cap ETF-Usd Add +0.0% 0.59% +0.01
VIG Vanguard Dividend Apprec ETF Add +12.9% 0.12% +0.01
CGDV Cap Group Dividend Value Add +7.6% 0.07% +0.01
SCHB Schwab US Broad Market ETF Add +6.1% 0.07% +0.01
IBM Intl Business Machines Corp. Add +0.1% 0.07% +0.00
JMUB JPMorgan Municipal ETF Add +14.1% 0.07% +0.00
MRK Merck & Co. Inc. Add +6.0% 0.06% +0.00
ORCL Oracle Corp. Add +3.2% 0.06% −0.01
HYDB iShares High Yield Systemati Add +1.6% 0.06% −0.01
WMT Walmart Inc. Add +0.8% 0.08% −0.02
COST Costco Wholesale Corp. Add +3.5% 0.14% −0.02
BRK.B Berkshire Hathaway Inc. Class B Add +3.7% 0.53% −0.02
XLE SS Energy Select Sector Add +3.4% 0.13% −0.03
FNDF Schwab Fndmn Intl LRG Co. ETF Add +3.7% 3.84% −0.04
NEE Nextera Energy Inc. Add +0.0% 0.29% −0.06
BINC iShares Flex I A ETF-Usd Inc. Add +1.1% 4.82% −0.52
JPIE JPMorgan Income ETF Add +1.0% 5.45% −0.65

Notes & Other Activity Q1 2026 → Q2 2026
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -3.7% 621 $718K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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