PNC Financial Services Group, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), PNC Financial Services Group, Inc. reported 4,759 stock positions worth $191.0 billion. Its top holding was Eli Lilly (LLY) at 43.8% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.5%) and Apple (AAPL, 2.2%). Compared with Q4 2024, it opened 306 new positions, sold out of 199, added to 2,076 and reduced 1,760. The biggest buy was Eli Lilly (LLY, shares +97%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
Pittsburgh, PA
CIK
0000713676
Portfolio Value
$191.0B (Q1 2025)
SEC Filing
0000950123-25-004380 ↗ filed May 9, 2025

Holdings Value

0$50.0B$100.0B$150.0B$200.0B$250.0B Q1 2024: $143.8B Q1 2024 Q2 2024: $150.2B Q2 2024 Q3 2024: $156.6B Q3 2024 Q4 2024: $149.5B Q4 2024 Q1 2025: $191.0B $191.0B Q1 2025 Q2 2025: $155.2B Q2 2025 Q3 2025: $164.8B Q3 2025 Q4 2025: $183.1B Q4 2025 Q1 2026: $173.2B Q1 2026 Q2 2026: $201.7B Q2 2026

Holdings 4,759 stocks · $191.0B
LLY Eli Lilly & Co. 43.82% 101,305,650 $83.7B Add +97.5%
IVV iShares Core S&P 500 ETF 4.49% 15,270,271 $8.6B Add +1.0%
AAPL Apple Inc. 2.23% 19,212,466 $4.3B Reduce -0.7%
MSFT Microsoft Corp. 1.80% 9,166,782 $3.4B Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.21% 4,144,794 $2.3B Reduce -0.8%
ERIE Erie Indemnity Company Class A 1.08% 4,910,823 $2.1B Reduce -0.0%
JPM JPMorgan Chase & Co. 0.87% 6,789,550 $1.7B Reduce -0.7%
DGRW Wisdomtree U.S. Quality Divi 0.81% 19,456,952 $1.6B Add +1.9%
QQQ Invesco QQQ Trust Series 1 0.76% 3,105,782 $1.5B Reduce -0.3%
PG The Procter & Gamble Co. 0.73% 8,148,518 $1.4B Reduce -0.4%
GOOGL Alphabet Inc. Class A 0.69% 8,527,273 $1.3B Reduce -0.1%
XOM Exxon Mobil Corp. 0.66% 10,629,938 $1.3B Reduce -0.8%
AMZN Amazon.com Inc. 0.66% 6,594,373 $1.3B Add +1.1%
QUAL iShares MSCI USA Quality Fac 0.65% 7,296,524 $1.2B Reduce -5.0%
IQLT iShares MSCI International Q 0.64% 30,593,403 $1.2B Reduce -1.3%
VFC VF Corp. 0.61% 75,255,876 $1.2B Reduce -0.0%
IEFA iShares Core MSCI Eafe ETF 0.61% 15,359,042 $1.2B Add +2.6%
HD Home Depot Inc. 0.60% 3,142,405 $1.2B Reduce -0.5%
IWR iShares Russell Mid-Cap ETF 0.59% 13,157,154 $1.1B Reduce -2.1%
IWF iShares Russell 1000 Growth 0.59% 3,099,072 $1.1B Reduce -0.7%
NVDA Nvidia Corp. 0.55% 9,623,230 $1.0B Add +5.2%
JNJ Johnson & Johnson 0.53% 6,051,985 $1.0B Reduce -0.5%
V Visa Inc. Class A 0.51% 2,793,902 $979.2M Reduce -9.4%
GOVT iShares US Treasury Bond ETF 0.49% 41,036,037 $943.2M Add +3.1%
IJH iShares Core S&P Midcap ETF 0.48% 15,779,484 $920.7M Reduce -4.9%
BRK.A Berkshire Hathaway Inc. Class A 0.47% 1,117 $891.9M Reduce -2.8%
IEF iShares 7-10 Year Treasury B 0.46% 9,291,281 $886.1M Reduce -3.6%
AGG iShares Core U.S. Aggregate 0.46% 8,935,306 $883.9M Add +1.3%
ABBV Abbvie Inc. 0.45% 4,138,199 $867.0M Reduce -0.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.45% 2,319,874 $860.3M Add +0.5%
IJR iShares Core S&P Small-Cap E 0.44% 8,100,347 $847.1M Reduce -0.5%
MCD McDonald's Corp. 0.43% 2,624,866 $819.9M Reduce -5.9%
AVGO Broadcom Inc. 0.42% 4,809,642 $805.3M Add +0.1%
MUB iShares National Muni Bond E 0.40% 7,158,356 $754.8M Reduce -2.5%
META Meta Platforms Inc. Class A 0.39% 1,295,495 $746.7M Add +3.0%
IWB iShares Russell 1000 ETF 0.39% 2,419,538 $742.2M Reduce -0.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.38% 4,226,122 $730.0M Add +1.7%
EFA iShares MSCI Eafe ETF 0.37% 8,660,639 $707.8M Reduce -2.9%
MRK Merck & Co. Inc. 0.37% 7,844,171 $704.1M Reduce -3.2%
VTI VG Morningstar TS MKT ETF-US 0.37% 2,549,338 $700.7M Add +4.7%
IEMG iShares Core MSCI Emerging 0.35% 12,311,022 $664.4M Add +3.5%
CVX Chevron Corp. 0.34% 3,852,456 $644.5M Reduce -0.3%
IWD iShares Russell 1000 Value E 0.33% 3,355,155 $631.3M Reduce -0.9%
UNH Unitedhealth Group Inc. 0.33% 1,201,979 $629.5M Reduce -0.7%
PEP Pepsico Inc. 0.33% 4,174,061 $625.9M Reduce -8.6%
ABT Abbott Laboratories 0.32% 4,638,706 $615.3M Reduce -0.7%
IWM iShares Russell 2000 ETF 0.32% 3,054,391 $609.3M Reduce -2.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.32% 2,352,154 $608.3M Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 1,083,208 $576.9M Add +2.2%
COST Costco Wholesale Corp. 0.29% 580,290 $548.8M Reduce -0.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.28% 2,109,664 $542.2M Reduce -0.3%
USMV iShares MSCI USA Min Vol Fac 0.28% 5,759,372 $539.4M Reduce -6.7%
DVY iShares Select Dividend ETF 0.27% 3,798,580 $510.1M Reduce -0.5%
IVW iShares S&P 500 Growth ETF 0.27% 5,491,788 $509.8M Add +0.3%
QQQM Invesco Nasdaq 100 ETF 0.25% 2,515,521 $485.5M Reduce -2.7%
DGRO iShares Core Dividend Growth 0.25% 7,745,402 $478.5M Add +0.7%
VWO Vanguard Ftse Emerging Marke 0.24% 10,265,766 $464.6M Add +0.4%
MA Mastercard Inc. Class A 0.24% 840,095 $460.5M Reduce -0.9%
VEU Vanguard Ftse All-World Ex-U 0.24% 7,582,196 $459.9M Reduce -7.4%
NEE Nextera Energy Inc. 0.24% 6,455,313 $457.6M Reduce -0.3%
ORCL Oracle Corp. 0.24% 3,257,265 $455.4M Reduce -0.8%
KTB Kontoor Brands Inc. 0.24% 7,021,666 $450.3M Reduce -15.7%
PM Philip Morris International 0.23% 2,804,460 $445.2M Reduce -0.1%
GOOG Alphabet Inc. Class C 0.23% 2,801,703 $437.7M Reduce -0.8%
IVE iShares S&P 500 Value ETF 0.23% 2,257,076 $430.2M Add +5.3%
CSCO Cisco Systems Inc. 0.22% 6,846,332 $422.5M Reduce -2.7%
KO The Coca-Cola Co. 0.22% 5,867,159 $420.2M Add +1.3%
VB Vanguard Most SM-Cap ETF-Usd 0.22% 1,892,607 $419.7M Reduce -0.5%
VEA Vanguard Ftse Developed ETF 0.22% 8,165,950 $415.1M Add +9.1%
AVLV Avantis US Large Cap Value 0.21% 6,179,549 $403.0M New
MDY State Street SPDR S&P Midcap 0.21% 744,696 $397.3M Reduce -1.6%
ADP Automatic Data Processing 0.21% 1,296,920 $396.2M Add +4.8%
IDEV iShares Core MSCI Dev MKTS 0.21% 5,702,843 $392.9M Add +436.3%
SYK Stryker Corp. 0.20% 1,033,324 $384.7M Add +1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 8,435,771 $352.0M Add +0.1%
WMT Walmart Inc. 0.18% 3,898,575 $342.3M Add +0.3%
SPGI S&P Global Inc. 0.18% 673,364 $342.1M Reduce -1.3%
RTX RTX Corp. 0.17% 2,438,167 $323.0M Add +2.5%
AMGN Amgen Inc. 0.17% 1,024,152 $319.1M Add +0.6%
UNP Union Pacific Corp. 0.17% 1,350,578 $319.1M Reduce -2.8%
IWP iShares Russell Mid-Cap Grow 0.16% 2,665,206 $313.1M Reduce -0.8%
VCIT Vanguard Int-Term Corporate 0.16% 3,827,188 $312.9M Add +0.3%
DLN Wisdomtree US Largecap Divid 0.16% 3,892,481 $308.9M Reduce -0.4%
HON Honeywell International Inc. 0.16% 1,458,315 $308.8M Reduce -5.7%
BLK BlackRock Inc. 0.16% 324,431 $307.1M Reduce -0.0%
ACN Accenture PLC Class A 0.16% 954,573 $297.9M Reduce -0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 1,180,817 $293.6M Reduce -0.0%
ITW Illinois Tool Works 0.15% 1,174,773 $291.4M Reduce -7.0%
AXP American Express Co. 0.15% 1,068,236 $287.4M Reduce -0.2%
DFIV Dimensional International Va 0.15% 7,291,842 $287.0M Add +3.9%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.15% 1,133,258 $277.2M Reduce -1.4%
MBB iShares MBS ETF 0.14% 2,939,526 $275.7M Add +0.3%
CB Chubb Ltd. 0.14% 895,293 $270.4M Reduce -1.8%
BMY Bristol-Myers Squibb Co. 0.14% 4,384,718 $267.4M Reduce -1.2%
PNC PNC Financial Services Group 0.14% 1,502,128 $264.0M Add +0.7%
MS Morgan Stanley 0.14% 2,251,634 $262.7M Add +0.1%
VZ Verizon Communications Inc. 0.14% 5,787,981 $262.5M Reduce -0.8%
WEC WEC Energy Group Inc. 0.14% 2,375,321 $258.9M Reduce -0.3%
BND Vanguard Total Bond Market 0.13% 3,421,562 $251.3M Reduce -2.8%
ETN Eaton Corp. PLC 0.13% 924,358 $251.3M Add +1.8%

Show all 4,759 holdings

Other holdings (127): bonds, preferreds, convertibles and warrants · $32.4M (not counted above)
SecurityClassShares / PrincipalValueChange
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 267,070$5.9MAdd +0.8%
MORGAN STANLEY (MS F PERP +A) COM 248,887$5.7MReduce -0.7%
BANK OF AMERICA CORP (BAC F PERP +4) COM 223,606$5.2MReduce -0.3%
US BANCORP (USB V0 PERP A) PFD 5,199$4.5MReduce -1.7%
STATE STREET CORP (STT V5.35 PERP G) Common Stock 167,082$3.8MAdd +11894.4%
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 6,000$591KNo change
METLIFE INC (MET F PERP A) Bond 21,646$515KReduce -16.8%
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 2,000$492KNo change
BANK OF AMERICA CORP (BAC F PERP +5) Equities 17,221$389KReduce -0.0%
GOLDMAN SACHS GROUP INC (GS F PERP A) COM 17,212$386KReduce -7.7%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 299$369KAdd +20.1%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 11,307$313KReduce -0.0%
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal 3,000$299KNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 246$295KAdd +19.4%
TRUIST FINANCIAL CORP (TFC F PERP I) Common Stock 10,700$237KReduce -14.0%
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 1,000$234KNo change
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal 1,000$233KNo change
KEYCORP (KEY V6.125 PERP E) Common Stock 9,063$218KReduce -0.7%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 2,000$201KNo change
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 2,000$197KNo change
WELLS FARGO & COMPANY (WFC 4.75 PERP Z) Common Stock 6,667$133KAdd +14.7%
BRIGHTHOUSE FINANCIAL IN (BHF 5.375 PERP C) PFD 5,340$84KNo change
AT&T INC (T 5.35 11/01/66) Preferred Stock 3,455$79KReduce -12.2%
GOLDMAN SACHS GROUP INC (GS F PERP C) Preferred Stock 3,075$70KNo change
FIFTH THIRD BANCORP (FITB V7.67122 PERP I) PFD 2,729$69KAdd +13.6%
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD 2,640$66KAdd +31.0%
JPMORGAN CHASE & CO (JPM 4.625 PERP LL) Common Stock 2,955$59KReduce -4.3%
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK 2,394$56KReduce -1.3%
WELLS FARGO & COMPANY (WFC 4.7 PERP AA) Common Stock 2,662$51KReduce -4.8%
CHARLES SCHWAB CORP (SCHW 4.45 PERP J) PFD 2,576$50KReduce -6.6%
TRUIST FINANCIAL CORP (TFC 4.75 PERP R) COM 2,364$46KReduce -6.3%
ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock 2,640$46KReduce -4.1%
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 1,833$46KAdd +106.7%
METLIFE INC (MET 4.75 PERP F) COM 2,279$45KReduce -6.5%
JPMORGAN CHASE & CO (JPM 4.75 PERP GG) Common Stock 2,182$45KReduce -4.7%
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD 1,877$40KReduce -4.4%
HUNTINGTON BANCSHARES (HBAN 4.5 PERP H) PFD 2,212$38KReduce -7.5%
BANK OF AMERICA CORP (BAC 6.45 12/15/66 K*) Common Stock 1,425$37KNo change
M&T BANK CORPORATION (MTB V5.625 PERP H) Common Stock 1,468$35KReduce -4.5%
CAPITAL ONE FINANCIAL CO (COF 4.8 PERP J) Common Stock 1,839$33KReduce -3.5%
BANK OF AMERICA CORP (BAC 4.25 PERP QQ) Common Stock 1,854$33KReduce -5.8%
ALLSTATE CORP (ALL 5.1 PERP H) PFD 1,583$33KReduce -5.0%
AT&T INC (T 4.75 PERP C) PFD 1,695$32KReduce -4.9%
FIFTH THIRD BANCORP (FITB 4.95 PERP K) Common Stock 1,434$31KReduce -5.7%
MORGAN STANLEY (MS 4.25 PERP O) Common Stock 1,734$31KReduce -5.3%
NORTHERN TRUST CORP (NTRS 4.7 PERP E) COM 1,565$31KReduce -5.3%
BANK OF AMERICA CORP (BAC 5.375 PERP KK) PFD 1,370$31KReduce -4.5%
BRIGHTHOUSE FINANCIAL IN (BHF 6.75 PERP B) Common Stock 1,536$31KNo change
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock 1,239$30KReduce -34.2%
CMS ENERGY CORP (CMS 4.2 PERP C) Common Stock 1,685$29KReduce -4.8%
PUBLIC STORAGE (PSA 4 PERP P) Common Stock 1,792$29KReduce -6.3%
CITIZENS FINANCIAL GROUP (CFG 5 PERP E) Common Stock 1,470$28KReduce -4.9%
MORGAN STANLEY (MS 6.5 PERP P) Common Stock 1,017$26KReduce -1.0%
BERKLEY (WR) CORPORATION (WRB 5.1 12/30/59) Common Stock 1,248$25KReduce -4.6%
METLIFE INC (MET 5.625 PERP E) Common Stock 1,044$25KReduce -5.4%
BANK OF AMERICA CORP (BAC 4.375 PERP NN) PFD 1,304$24KReduce -6.1%
TRUIST FINANCIAL CORP (TFC 5.25 PERP O) PFD 1,091$23KReduce -6.0%
IONQ.WS Ionq Inc. -CW26 *W EXP 09/30/202 2,017$22KNo change
PUBLIC STORAGE (PSA 4.625 PERP L) COM 1,155$22KAdd +28.3%
AT&T INC (T 5 PERP A) COM 1,049$21KReduce -5.5%
US BANCORP (USB 4.5 PERP O) Common Stock 1,107$21KReduce -5.1%
US BANCORP (USB 3.75 PERP L) Common Stock 1,308$20KReduce -6.1%
RENAISSANCERE HOLDINGS L (RNR 5.75 PERP F) Common Stock 933$20KReduce -4.7%
US BANCORP (USB F PERP B*) COM 925$20KReduce -5.6%
JPMORGAN CHASE & CO (JPM 4.55 PERP JJ) COM 992$19KReduce -4.3%
REGIONS FINANCIAL CORP (RF V6.95 PERP) Common Stock 757$19KReduce -5.7%
WELLS FARGO & COMPANY (WFC 4.375 PERP CC) Common Stock 1,050$19KReduce -4.5%
BANK OF AMERICA CORP (BAC 5.875 PERP HH) Common Stock 761$19KReduce -5.9%
MORGAN STANLEY (MS 7.125 PERP E) PFD 741$19KReduce -6.6%
US BANCORP (USB 5.5 PERP K) Common Stock 808$19KReduce -5.6%
CITIZENS FINANCIAL GROUP (CFG 7.375 PERP H) Common Stock 704$18KReduce -5.6%
JPMORGAN CHASE & CO (JPM 4.2 PERP MM) PFD 969$18KAdd +14.5%
NEXTERA ENERGY CAPITAL (NEE 5.65 03/01/79 N) PFD 762$17KReduce -5.6%
MORGAN STANLEY (MS 6.875 PERP F) PFD 669$17KReduce -5.5%
EQUITABLE HOLDINGS INC (EQH 5.25 PERP A) Common Stock 815$17KReduce -4.9%
KIMCO REALTY CORP (KIM 5.125 PERP L) PFD 811$17KReduce -5.6%
MORGAN STANLEY (MS 5.85 PERP K) Bond 698$17KReduce -5.0%
KEYCORP (KEY V6.2 PERP) Common Stock 682$16KReduce -5.9%
KEYCORP (KEY 5.65 PERP F) PFD 777$16KReduce -4.5%
PRUDENTIAL FINANCIAL INC (PRU 4.125 09/01/60) Common Stock 842$15KReduce -5.0%
COREBRIDGE FINANCIAL INC (CRBG 6.375 12/15/64) Common Stock 589$15KReduce -0.7%
PUBLIC STORAGE (PSA 4.875 PERP I) Common Stock 716$14KReduce -4.4%
BANK OF AMERICA CORP (BAC 4.125 PERP PP) Common Stock 813$14KReduce -1.9%
ARCH CAPITAL GROUP LTD (ACGL 5.45 PERP F) Common Stock 672$14KReduce -5.9%
VOYA FINANCIAL INC (VOYA V5.35 PERP B) Common Stock 582$14KReduce -6.0%
HARTFORD INSUR GRP INC/T (HIG 6 PERP G) Common Stock 489$12KReduce -5.8%
HUNTINGTON BANCSHARES (HBAN V6.875 PERP J) PFD 473$12KReduce -6.0%
DTE ENERGY CO (DTE 5.25 12/01/77 E) Common Stock 556$12KReduce -5.9%
WEBSTER FINANCIAL CORP (WBS 5.25 PERP F) Common Stock 588$12KReduce -6.1%
CULLEN/FROST BANKERS INC (CFR 4.45 PERP B) Common Stock 660$12KReduce -6.0%
WELLS FARGO & COMPANY (WFC 4.25 PERP DD) PFD 635$11KAdd +53.0%
PUBLIC STORAGE (PSA 5.15 PERP F) PREFERRED STOCK 530$11KReduce -5.9%
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock 538$10KReduce -5.9%
REGIONS FINANCIAL CORP (RF V5.7 PERP C) Common Stock 432$10KReduce -5.9%
CHARLES SCHWAB CORP (SCHW 5.95 PERP D) Common Stock 400$10KNo change
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 231$9KNo change
CAPITAL ONE FINANCIAL CO (COF 4.25 PERP N) Common Stock 566$9KNo change
BANK OF NY MELLON CORP (BNY V6.15 PERP K) Common Stock 348$9KNew
DTE ENERGY CO (DTE 4.375 10/15/80 G) Common Stock 465$8KReduce -5.9%
CMS ENERGY CORP (CMS 5.875 03/01/79) Common Stock 365$8KReduce -4.7%
MORGAN STANLEY (MS 4.875 PERP L) PFD 408$8KAdd +14.0%
AMERICAN FINANCIAL GROUP (AFG 5.625 06/01/60) Common Stock 384$8KNo change
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 3,000$8KNo change
AMERICAN FINANCIAL GROUP (AFG 4.5 09/15/60) Common Stock 440$8KAdd +29.0%
AFFILIATED MANAGERS GROU (AMG 5.875 03/30/59) Common Stock 349$7KReduce -5.9%
PRUDENTIAL FINANCIAL INC (PRU 5.95 09/01/62) Common Stock 301$7KReduce -5.9%
REGIONS FINANCIAL CORP (RF 4.45 PERP E) Common Stock 418$7KReduce -2.6%
GLOBE LIFE INC (GL 4.25 06/15/61) Common Stock 448$7KReduce -6.3%
STIFEL FINANCIAL CORP (SF 6.125 PERP C) Common Stock 305$7KReduce -5.9%
SPIRE INC (SR 5.9 PERP A) Common Stock 290$7KReduce -6.2%
AFFILIATED MANAGERS GROU (AMG 4.75 09/30/60) Common Stock 394$7KReduce -4.4%
DTE ENERGY CO (DTE 4.375 12/01/81) Common Stock 358$6KReduce -5.3%
STIFEL FINANCIAL CORP (SF 5.2 10/15/47) Common Stock 299$6KReduce -6.0%
KIMCO REALTY CORP (KIM 5.25 PERP M) PFD 246$5KReduce -6.1%
BERKLEY (WR) CORPORATION (WRB 4.125 03/30/61) Common Stock 307$5KAdd +5.9%
AXIS CAPITAL HLDGS LTD (AXS 5.5 PERP E) Pref 250$5KNo change
US BANCORP (USB 4 PERP M) PFD 306$5KReduce -6.4%
AMERICAN FINANCIAL GROUP (AFG 5.875 03/30/59) Common Stock 225$5KReduce -3.9%
M&T BANK CORPORATION (MTB 7.5 PERP J) Common Stock 166$4KReduce -7.3%
ALLSTATE CORP (ALL 4.75 PERP I) Common Stock 200$4KNo change
PITNEY BOWES INC (PBI 6.7 03/07/43) Equities 200$4KNew
REINSURANCE GRP OF AMER (RGA V7.125 10/15/52) Common Stock 130$3KReduce -6.5%
FIRST HORIZON CORP (FHN 4.7 PERP F) Common Stock 151$3KReduce -6.2%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 2,000$2KNo change
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal 1,000$2KNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 47$2KReduce -42.0%
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 1$5New

Total filed on the 13F, all lines: $191.0B.

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -0.7% 2.23% −1.01
MSFT Microsoft Corp. Reduce -0.8% 1.80% −0.80
VFC VF Corp. Reduce -0.0% 0.61% −0.47
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.8% 1.21% −0.42
GOOGL Alphabet Inc. Class A Reduce -0.1% 0.69% −0.39
QQQ Invesco QQQ Trust Series 1 Reduce -0.3% 0.76% −0.30
ERIE Erie Indemnity Company Class A Reduce -0.0% 1.08% −0.28
QUAL iShares MSCI USA Quality Fac Reduce -5.0% 0.65% −0.26
IWF iShares Russell 1000 Growth Reduce -0.7% 0.59% −0.25
KTB Kontoor Brands Inc. Reduce -15.7% 0.24% −0.24
JPM JPMorgan Chase & Co. Reduce -0.7% 0.87% −0.22
HD Home Depot Inc. Reduce -0.5% 0.60% −0.22
IJH iShares Core S&P Midcap ETF Reduce -4.9% 0.48% −0.21
IWR iShares Russell Mid-Cap ETF Reduce -2.1% 0.59% −0.21
PG The Procter & Gamble Co. Reduce -0.4% 0.73% −0.19
IJR iShares Core S&P Small-Cap E Reduce -0.5% 0.44% −0.18
MRK Merck & Co. Inc. Reduce -3.2% 0.37% −0.17
IWM iShares Russell 2000 ETF Reduce -2.3% 0.32% −0.14
V Visa Inc. Class A Reduce -9.4% 0.51% −0.14
PEP Pepsico Inc. Reduce -8.6% 0.33% −0.14
IWB iShares Russell 1000 ETF Reduce -0.7% 0.39% −0.14
IQLT iShares MSCI International Q Reduce -1.3% 0.64% −0.13
IEF iShares 7-10 Year Treasury B Reduce -3.6% 0.46% −0.13
GOOG Alphabet Inc. Class C Reduce -0.8% 0.23% −0.13
MUB iShares National Muni Bond E Reduce -2.5% 0.40% −0.13
ORCL Oracle Corp. Reduce -0.8% 0.24% −0.13
MCD McDonald's Corp. Reduce -5.9% 0.43% −0.11
QQQM Invesco Nasdaq 100 ETF Reduce -2.7% 0.25% −0.11
XOM Exxon Mobil Corp. Reduce -0.8% 0.66% −0.11
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.0% 0.32% −0.10
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.3% 0.28% −0.10
IWD iShares Russell 1000 Value E Reduce -0.9% 0.33% −0.09
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.5% 0.22% −0.09
USMV iShares MSCI USA Min Vol Fac Reduce -6.7% 0.28% −0.08
EFA iShares MSCI Eafe ETF Reduce -2.9% 0.37% −0.08
MDY State Street SPDR S&P Midcap Reduce -1.6% 0.21% −0.08
UNH Unitedhealth Group Inc. Reduce -0.7% 0.33% −0.08
VEU Vanguard Ftse All-World Ex-U Reduce -7.4% 0.24% −0.07
HON Honeywell International Inc. Reduce -5.7% 0.16% −0.07
NEE Nextera Energy Inc. Reduce -0.3% 0.24% −0.07
COST Costco Wholesale Corp. Reduce -0.6% 0.29% −0.07
ACN Accenture PLC Class A Reduce -0.6% 0.16% −0.07
DVY iShares Select Dividend ETF Reduce -0.5% 0.27% −0.07
SCHC Schwab Intl Small-Cap Equity Reduce -48.7% 0.05% −0.07
IWP iShares Russell Mid-Cap Grow Reduce -0.8% 0.16% −0.06
JNJ Johnson & Johnson Reduce -0.5% 0.53% −0.06
AXP American Express Co. Reduce -0.2% 0.15% −0.06
BLK BlackRock Inc. Reduce -0.0% 0.16% −0.06
ITW Illinois Tool Works Reduce -7.0% 0.15% −0.06
CSCO Cisco Systems Inc. Reduce -2.7% 0.22% −0.06

Portfolio Buys Q4 2024 → Q1 2025
LLY Eli Lilly & Co. Add +97.5% 43.82% +17.33
AVLV Avantis US Large Cap Value New 0.21% +0.21
IDEV iShares Core MSCI Dev MKTS Add +436.3% 0.21% +0.16
JAVA JPMorgan Active Value ETF Add +1071.1% 0.03% +0.03
CASY Casey's General Stores Inc. Add +699.6% 0.03% +0.02
RCL Royal Caribbean Cruises Ltd. Add +334.4% 0.03% +0.02
INVH Invitation Homes Inc. Add +373.2% 0.01% +0.01
DUK Duke Energy Corp. Add +29.7% 0.04% +0.01
PLTR Palantir Technologies Inc. Class A Add +52.1% 0.02% +0.00
UBER Uber Technologies Inc. Add +40.2% 0.01% +0.00
LEN Lennar Corp. Class A Add +151.3% 0.01% +0.00
AVEM Avantis Emerging Markets Eq Add +63.8% 0.01% +0.00
EVTR Eaton Vance Total Return Add +124.3% 0.01% +0.00
TPL Texas Pacific Land Corp. Add +14.1% 0.04% +0.00
AVDE Avantis International Equity Add +37.2% 0.02% +0.00
JCPB JPMorgan Core Plus Bond ETF Add +56.6% 0.01% +0.00
GT Goodyear Tire & Rubber Co. Add +1285.9% 0.00% +0.00
LRGF iShares US Equity Factor ETF Add +2876.9% 0.00% +0.00
INV Innventure Inc. New 0.00% +0.00
PTC PTC Inc. Add +208.5% 0.00% +0.00
SPOT Spotify Technology SA Add +31.6% 0.01% +0.00
EZU iShares MSCI Eurozone ETF Add +91.1% 0.00% +0.00
IGV iShares Expanded Tech-Softwa Add +92.5% 0.00% +0.00
NC Nacco Industries Class A Add +343.5% 0.00% +0.00
STE Steris PLC Add +35.8% 0.01% +0.00
JMST JPM Ultra-Short Muni Income Add +506.6% 0.00% +0.00
MCK McKesson Corp. Add +10.4% 0.04% +0.00
PAAA Pgim Aaa Clo ETF Add +86.1% 0.00% +0.00
USFR Wisdomtree Floating Rate Tre New 0.00% +0.00
AVUS Avantis U.S. Equity ETF Add +415.1% 0.00% +0.00
JEPQ JPM Nasdaq Equity Premium Add +55.3% 0.01% +0.00
PVAL Putnam Focused LRG Cap Value Add +62.8% 0.00% +0.00
VXUS Vanguard Total Intl Stock Add +37.2% 0.01% +0.00
BABA Alibaba Group Holding-SP ADR Add +1.7% 0.00% +0.00
KORP American Century Diversified Add +40.5% 0.01% +0.00
PHYL Pgim Active High Yield Bond Add +59.9% 0.00% +0.00
SPEM State Street SP PTF Em ETF Add +38.9% 0.01% +0.00
AVDV Avantis Intl S/C Value ETF Add +88.8% 0.00% +0.00
HY Hyster-Yale Inc. Add +148.0% 0.00% +0.00
HOOD Robinhood Markets Inc. Class A Add +366.8% 0.00% +0.00
PHYS Sprott Physical Gold Trust Add +42.4% 0.00% +0.00
WBA Walgreens Boots Alliance Inc. Add +20.0% 0.00% +0.00
MLAC Mountain Lake Acquisition-A New 0.00% +0.00
BXMT Blackstone Mortgage Tru Class A Add +69.4% 0.00% +0.00
CORT Corcept Therapeutics Inc. Add +24.4% 0.00% +0.00
FELE Franklin Electric Co. Inc. Add +67.5% 0.00% +0.00
AIQ Global X Art Intel & Tech Add +224.1% 0.00% +0.00
IBDR iShares Ibonds Dec 2026 Term Add +46570.8% 0.00% +0.00
IBDS Ishrs Ibnds Dec 27 Corp. ETF Add +3257.0% 0.00% +0.00
JGRO JPMorgan Active Growth ETF Add +51.5% 0.01% +0.00

Notes & Other Activity Q4 2024 → Q1 2025
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock Add +0.8% 267,070 $5.9M
MORGAN STANLEY (MS F PERP +A) COM Reduce -0.7% 248,887 $5.7M
BANK OF AMERICA CORP (BAC F PERP +4) COM Reduce -0.3% 223,606 $5.2M
US BANCORP (USB V0 PERP A) PFD Reduce -1.7% 5,199 $4.5M
STATE STREET CORP (STT V5.35 PERP G) Common Stock Add +11894.4% 167,082 $3.8M
NUVASIVE INC (GMED 0.375 03/15/25) NOTE 0.375% 3/1 · principal Sold out 11,000 $1.1Mbefore exit
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 10,000 $1.0Mbefore exit
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal Sold out 3,000 $650Kbefore exit
METLIFE INC (MET F PERP A) Bond Reduce -16.8% 21,646 $515K
BANK OF AMERICA CORP (BAC F PERP +5) Equities Reduce -0.0% 17,221 $389K
GOLDMAN SACHS GROUP INC (GS F PERP A) COM Reduce -7.7% 17,212 $386K
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +20.1% 299 $369K
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Reduce -0.0% 11,307 $313K
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +19.4% 246 $295K
TRUIST FINANCIAL CORP (TFC F PERP I) Common Stock Reduce -14.0% 10,700 $237K
KEYCORP (KEY V6.125 PERP E) Common Stock Reduce -0.7% 9,063 $218K
WELLS FARGO & COMPANY (WFC 4.75 PERP Z) Common Stock Add +14.7% 6,667 $133K
AT&T INC (T 5.35 11/01/66) Preferred Stock Reduce -12.2% 3,455 $79K
FIFTH THIRD BANCORP (FITB V7.67122 PERP I) PFD Add +13.6% 2,729 $69K
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD Add +31.0% 2,640 $66K
JPMORGAN CHASE & CO (JPM 4.625 PERP LL) Common Stock Reduce -4.3% 2,955 $59K
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK Reduce -1.3% 2,394 $56K
WELLS FARGO & COMPANY (WFC 4.7 PERP AA) Common Stock Reduce -4.8% 2,662 $51K
CHARLES SCHWAB CORP (SCHW 4.45 PERP J) PFD Reduce -6.6% 2,576 $50K
TRUIST FINANCIAL CORP (TFC 4.75 PERP R) COM Reduce -6.3% 2,364 $46K
ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock Reduce -4.1% 2,640 $46K
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock Add +106.7% 1,833 $46K
METLIFE INC (MET 4.75 PERP F) COM Reduce -6.5% 2,279 $45K
JPMORGAN CHASE & CO (JPM 4.75 PERP GG) Common Stock Reduce -4.7% 2,182 $45K
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD Reduce -4.4% 1,877 $40K
HUNTINGTON BANCSHARES (HBAN 4.5 PERP H) PFD Reduce -7.5% 2,212 $38K
M&T BANK CORPORATION (MTB V5.625 PERP H) Common Stock Reduce -4.5% 1,468 $35K
CAPITAL ONE FINANCIAL CO (COF 4.8 PERP J) Common Stock Reduce -3.5% 1,839 $33K
BANK OF AMERICA CORP (BAC 4.25 PERP QQ) Common Stock Reduce -5.8% 1,854 $33K
ALLSTATE CORP (ALL 5.1 PERP H) PFD Reduce -5.0% 1,583 $33K
AT&T INC (T 4.75 PERP C) PFD Reduce -4.9% 1,695 $32K
FIFTH THIRD BANCORP (FITB 4.95 PERP K) Common Stock Reduce -5.7% 1,434 $31K
MORGAN STANLEY (MS 4.25 PERP O) Common Stock Reduce -5.3% 1,734 $31K
NORTHERN TRUST CORP (NTRS 4.7 PERP E) COM Reduce -5.3% 1,565 $31K
BANK OF AMERICA CORP (BAC 5.375 PERP KK) PFD Reduce -4.5% 1,370 $31K
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock Reduce -34.2% 1,239 $30K
CMS ENERGY CORP (CMS 4.2 PERP C) Common Stock Reduce -4.8% 1,685 $29K
PUBLIC STORAGE (PSA 4 PERP P) Common Stock Reduce -6.3% 1,792 $29K
CITIZENS FINANCIAL GROUP (CFG 5 PERP E) Common Stock Reduce -4.9% 1,470 $28K
MORGAN STANLEY (MS 6.5 PERP P) Common Stock Reduce -1.0% 1,017 $26K
BERKLEY (WR) CORPORATION (WRB 5.1 12/30/59) Common Stock Reduce -4.6% 1,248 $25K
METLIFE INC (MET 5.625 PERP E) Common Stock Reduce -5.4% 1,044 $25K
BANK OF AMERICA CORP (BAC 4.375 PERP NN) PFD Reduce -6.1% 1,304 $24K
TRUIST FINANCIAL CORP (TFC 5.25 PERP O) PFD Reduce -6.0% 1,091 $23K
PUBLIC STORAGE (PSA 4.625 PERP L) COM Add +28.3% 1,155 $22K

Showing the first 50 of 112.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5,078$201.7BLLY, IVV, AAPL, MSFT, GOOGL
Q1 2026 5,027$173.2BLLY, IVV, AAPL, MSFT, SPY
Q4 2025 5,023$183.1BLLY, IVV, AAPL, MSFT, SPY
Q3 2025 4,955$164.8BLLY, IVV, AAPL, MSFT, SPY
Q2 2025 4,780$155.2BLLY, IVV, MSFT, AAPL, SPY
Q1 2025 4,759$191.0BLLY, IVV, AAPL, MSFT, SPY
Q4 2024 4,650$149.5BLLY, IVV, AAPL, MSFT, SPY
Q3 2024 4,648$156.6BLLY, IVV, AAPL, MSFT, ERIE
Q2 2024 4,639$150.2BLLY, IVV, MSFT, AAPL, SPY
Q1 2024 4,569$143.8BLLY, IVV, MSFT, AAPL, SPY