PNC Financial Services Group, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), PNC Financial Services Group, Inc. reported 5,023 stock positions worth $183.1 billion. Its top holding was Eli Lilly (LLY) at 30.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.9%) and Apple (AAPL, 2.8%). Compared with Q3 2025, it opened 274 new positions, sold out of 210, added to 2,015 and reduced 2,049. The biggest buy was Global X Art Intel & Tech (AIQ, shares +95%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
Pittsburgh, PA
CIK
0000713676
Portfolio Value
$183.1B (Q4 2025)
SEC Filing
0001193125-26-040354 ↗ filed Feb 6, 2026

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 Q1 2025 Q2 2025: $155.2B Q2 2025 Q3 2025: $164.8B Q3 2025 Q4 2025: $183.1B $183.1B Q4 2025 Q1 2026: $173.2B Q1 2026 Q2 2026: $201.7B Q2 2026

Holdings 5,023 stocks · $183.1B
LLY Eli Lilly & Co. 30.13% 51,333,220 $55.2B Reduce -0.1%
IVV iShares Core S&P 500 ETF 5.90% 15,763,521 $10.8B Add +2.0%
AAPL Apple Inc. 2.83% 19,086,315 $5.2B Reduce -0.8%
MSFT Microsoft Corp. 2.42% 9,145,243 $4.4B Reduce -1.3%
SPY SS SPDR S&P 500 ETF Trust-US 1.51% 4,065,809 $2.8B Add +0.4%
GOOGL Alphabet Inc. Class A 1.50% 8,792,990 $2.8B Reduce -1.4%
JPM JPMorgan Chase & Co. 1.19% 6,744,967 $2.2B Reduce -1.5%
NVDA Nvidia Corp. 1.09% 10,693,548 $2.0B Add +0.3%
QQQ Invesco QQQ Trust Series 1 1.02% 3,036,463 $1.9B Reduce -1.1%
AVGO Broadcom Inc. 0.89% 4,682,560 $1.6B Reduce -2.3%
AMZN Amazon.com Inc. 0.85% 6,713,440 $1.5B Add +0.5%
IEFA iShares Core MSCI Eafe ETF 0.82% 16,742,550 $1.5B Add +2.3%
IWF iShares Russell 1000 Growth 0.79% 3,064,892 $1.5B Reduce -1.5%
ERIE Erie Indemnity Company Class A 0.77% 4,910,351 $1.4B Reduce 0.0%
VFC VF Corp. 0.73% 74,398,593 $1.3B Reduce -0.4%
QUAL iShares MSCI USA Quality Fac 0.70% 6,445,591 $1.3B Reduce -4.6%
XOM Exxon Mobil Corp. 0.68% 10,419,471 $1.3B Reduce -2.5%
JNJ Johnson & Johnson 0.68% 5,985,190 $1.2B Reduce -2.4%
GOVT iShares US Treasury Bond ETF 0.67% 52,947,846 $1.2B Add +9.7%
IWR iShares Russell Mid-Cap ETF 0.66% 12,497,707 $1.2B Reduce -2.0%
AIQ Global X Art Intel & Tech 0.65% 23,314,197 $1.2B Add +94.5%
PG The Procter & Gamble Co. 0.61% 7,855,792 $1.1B Reduce -2.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.61% 2,286,543 $1.1B Reduce -1.8%
DGRW Wisdomtree U.S. Quality Divi 0.60% 12,308,471 $1.1B Reduce -21.9%
HD Home Depot Inc. 0.59% 3,156,888 $1.1B Reduce -1.8%
AVLV Avantis US Large Cap Value 0.57% 13,752,416 $1.0B Reduce -2.3%
IJH iShares Core S&P Midcap ETF 0.56% 15,612,476 $1.0B Reduce -0.1%
V Visa Inc. Class A 0.55% 2,867,188 $1.0B Reduce -0.6%
AGG iShares Core U.S. Aggregate 0.54% 9,884,685 $987.3M Add +4.9%
IDEV iShares Core MSCI Dev MKTS 0.54% 11,951,894 $985.8M Add +17.1%
IJR iShares Core S&P Small-Cap E 0.52% 7,957,626 $956.3M Add +1.0%
ABBV Abbvie Inc. 0.52% 4,142,939 $946.6M Reduce -3.5%
IEMG iShares Core MSCI Emerging 0.51% 13,755,377 $924.6M Add +3.5%
META Meta Platforms Inc. Class A 0.49% 1,368,240 $903.2M Add +0.8%
GOOG Alphabet Inc. Class C 0.49% 2,833,352 $889.1M Reduce -0.9%
IWB iShares Russell 1000 ETF 0.47% 2,297,491 $858.0M Reduce -2.6%
IQLT iShares MSCI International Q 0.45% 18,239,931 $829.0M Reduce -18.5%
IEF iShares 7-10 Year Treasury B 0.45% 8,487,110 $816.1M Add +0.9%
EFA iShares MSCI Eafe ETF 0.44% 8,457,292 $812.2M Reduce -0.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.44% 4,243,341 $810.4M Reduce -1.4%
MCD McDonald's Corp. 0.44% 2,650,207 $810.0M Reduce -1.2%
MRK Merck & Co. Inc. 0.44% 7,621,832 $802.3M Reduce -3.1%
VTI VG Morningstar TS MKT ETF-US 0.43% 2,356,186 $790.0M Reduce -4.2%
MUB iShares National Muni Bond E 0.43% 7,336,158 $785.8M Add +1.1%
DFIV Dimensional International Va 0.42% 15,474,236 $772.2M Add +11.8%
BRK.A Berkshire Hathaway Inc. Class A 0.42% 1,009 $761.6M Reduce -3.4%
IWD iShares Russell 1000 Value E 0.41% 3,557,589 $748.3M Add +4.9%
IWM iShares Russell 2000 ETF 0.40% 2,990,278 $736.1M Reduce -0.0%
IVW iShares S&P 500 Growth ETF 0.37% 5,430,342 $669.3M Reduce -2.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.37% 2,304,639 $668.9M Reduce -0.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.36% 2,106,338 $663.1M Add +0.0%
CVX Chevron Corp. 0.33% 3,906,180 $595.3M Reduce -2.9%
ORCL Oracle Corp. 0.32% 3,033,917 $591.3M Reduce -3.2%
VEU Vanguard Ftse All-World Ex-U 0.32% 8,008,451 $589.1M Add +4.2%
ABT Abbott Laboratories 0.32% 4,663,821 $584.3M Add +1.8%
PEP Pepsico Inc. 0.32% 4,033,169 $578.8M Reduce -6.0%
QQQM Invesco Nasdaq 100 ETF 0.31% 2,264,161 $572.7M Reduce -3.6%
VWO Vanguard Ftse Emerging Marke 0.30% 10,231,275 $550.0M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 1,077,442 $541.6M Reduce -1.5%
COST Costco Wholesale Corp. 0.29% 626,294 $540.1M Add +7.7%
RTX RTX Corp. 0.29% 2,925,307 $536.5M Reduce -0.6%
VEA Vanguard Ftse Developed ETF 0.29% 8,503,607 $531.2M Add +2.8%
NEE Nextera Energy Inc. 0.28% 6,474,419 $519.8M Reduce -1.4%
DVY iShares Select Dividend ETF 0.27% 3,553,910 $501.6M Reduce -3.2%
VB Vanguard Most SM-Cap ETF-Usd 0.27% 1,942,995 $501.2M Add +0.1%
IVE iShares S&P 500 Value ETF 0.27% 2,343,536 $497.0M Reduce -1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 9,007,551 $495.4M Add +0.0%
CSCO Cisco Systems Inc. 0.27% 6,370,127 $490.7M Reduce -3.5%
LRCX Lam Research Corp. 0.26% 2,789,723 $477.5M Reduce -8.7%
MA Mastercard Inc. Class A 0.26% 826,110 $471.6M Reduce -0.6%
DGRO iShares Core Dividend Growth 0.26% 6,790,175 $471.4M Reduce -10.6%
BINC iShares Flex I A ETF-Usd Inc. 0.24% 8,478,352 $447.4M Add +22.2%
USMV iShares MSCI USA Min Vol Fac 0.24% 4,669,005 $439.6M Reduce -8.8%
CQQQ Invesco China Technology ETF 0.24% 8,307,617 $432.0M Add +69.8%
WMT Walmart Inc. 0.24% 3,870,607 $431.2M Reduce -0.8%
MS Morgan Stanley 0.24% 2,424,435 $430.4M Reduce -0.7%
KO The Coca-Cola Co. 0.23% 6,140,607 $429.3M Reduce -0.8%
MDY State Street SPDR S&P Midcap 0.23% 704,633 $425.1M Reduce -1.4%
PM Philip Morris International 0.23% 2,623,555 $420.8M Reduce -1.2%
KTB Kontoor Brands Inc. 0.23% 6,762,221 $413.1M Reduce -1.1%
AXP American Express Co. 0.21% 1,028,930 $380.7M Reduce -0.9%
BLK BlackRock Inc. 0.21% 355,620 $380.6M Reduce -1.5%
VCIT Vanguard Int-Term Corporate 0.19% 4,244,757 $355.5M Add +6.1%
ADP Automatic Data Processing 0.19% 1,367,482 $351.8M Reduce -2.2%
SYK Stryker Corp. 0.19% 997,458 $350.6M Reduce -3.2%
SPGI S&P Global Inc. 0.19% 659,015 $344.4M Reduce -1.8%
AMGN Amgen Inc. 0.19% 1,048,963 $343.3M Reduce -6.0%
DLN Wisdomtree US Largecap Divid 0.19% 3,851,287 $339.2M Reduce -1.2%
IWP iShares Russell Mid-Cap Grow 0.18% 2,457,673 $336.6M Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 1,116,886 $330.8M Reduce -3.7%
TSM Taiwan Semiconductor-SP ADR 0.18% 1,088,374 $330.7M Add +9.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.17% 2,041,739 $313.6M Reduce -0.1%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.17% 1,104,059 $308.2M Reduce -1.1%
PNC PNC Financial Services Group 0.17% 1,469,922 $306.8M Add +0.6%
ETN Eaton Corp. PLC 0.17% 960,453 $305.9M Reduce -2.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 2,660,996 $302.7M Add +17.3%
HON Honeywell International Inc. 0.16% 1,517,686 $296.1M Reduce -1.9%
UNH Unitedhealth Group Inc. 0.16% 892,850 $294.7M Reduce -2.4%
TSLA Tesla Inc. 0.16% 647,258 $291.1M Add +3.1%
GE General Electric filed as GE AEROSPACE 0.16% 936,983 $288.6M Reduce -1.8%

Show all 5,023 holdings

Other holdings (130): bonds, preferreds, convertibles and warrants · $27.9M (not counted above)
SecurityClassShares / PrincipalValueChange
STATE STREET CORP (STT V5.35 PERP G) Common Stock 278,213$6.2MReduce -14.9%
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 259,907$5.1MReduce -3.3%
MORGAN STANLEY (MS F PERP +A) COM 236,893$4.6MReduce -4.0%
BANK OF AMERICA CORP (BAC F PERP +4) COM 217,133$4.3MReduce -2.8%
US BANCORP (USB V0 PERP A) PFD 4,294$3.3MReduce -3.1%
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 6,000$669KNo change
METLIFE INC (MET F PERP A) Bond 19,222$416KReduce -7.8%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 2,000$377KNo change
BANK OF AMERICA CORP (BAC F PERP +5) Equities 14,269$275KReduce -14.7%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 218$264KReduce -11.4%
GOLDMAN SACHS GROUP INC (GS F PERP A) COM 11,388$220KReduce -25.2%
KEYCORP (KEY V6.125 PERP E) Common Stock 8,851$219KReduce -18.2%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 139$174KReduce -3.5%
WELLS FARGO & COMPANY (WFC 4.75 PERP Z) Common Stock 5,827$114KReduce -4.1%
TRUIST FINANCIAL CORP (TFC F PERP I) Common Stock 3,628$72KReduce -35.9%
BRIGHTHOUSE FINANCIAL IN (BHF 5.375 PERP C) PFD 5,340$67KNo change
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD 2,640$66KNo change
FIFTH THIRD BANCORP (FITB V7.67122 PERP I) PFD 2,528$65KReduce -2.4%
GOLDMAN SACHS GROUP INC (GS F PERP C) Preferred Stock 3,175$64KNo change
AT&T INC (T 5.35 11/01/66) Preferred Stock 2,405$54KNo change
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 672$53KAdd +236.0%
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK 2,148$52KReduce -3.3%
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 1,885$47KAdd +18.4%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 2,294$44KReduce -10.7%
BANK OF AMERICA CORP (BAC 6.45 12/15/66 K*) Common Stock 1,625$41KNo change
ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock 2,007$34KReduce -11.2%
JPMORGAN CHASE & CO (JPM 4.75 PERP GG) Common Stock 1,479$30KReduce -12.5%
TRUIST FINANCIAL CORP (TFC 4.75 PERP R) COM 1,485$29KReduce -11.4%
JPMORGAN CHASE & CO (JPM 4.625 PERP LL) Common Stock 1,407$28KReduce -19.3%
CHARLES SCHWAB CORP (SCHW 4.45 PERP J) PFD 1,465$27KReduce -19.3%
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD 1,285$27KReduce -12.5%
METLIFE INC (MET 4.75 PERP F) COM 1,296$26KReduce -18.8%
MORGAN STANLEY (MS 6.5 PERP P) Common Stock 943$24KReduce -2.0%
BRIGHTHOUSE FINANCIAL IN (BHF 6.75 PERP B) Common Stock 1,536$24KNo change
WELLS FARGO & COMPANY (WFC 4.7 PERP AA) Common Stock 1,214$23KReduce -19.1%
CAPITAL ONE FINANCIAL CO (COF 4.8 PERP J) Common Stock 1,278$23KReduce -11.8%
JPMORGAN CHASE & CO (JPM 4.55 PERP JJ) COM 1,179$23KReduce -10.9%
HUNTINGTON BANCSHARES (HBAN 4.5 PERP H) PFD 1,287$22KReduce -18.9%
M&T BANK CORPORATION (MTB V5.625 PERP H) Common Stock 834$21KReduce -18.5%
AMERICAN FINANCIAL GROUP (AFG 5.625 06/01/60) Common Stock 974$20KNo change
SOUTHERN CO (SO 5.25 12/01/77) Common Stock 925$20KNo change
AT&T INC (T 4.75 PERP C) PFD 1,034$20KReduce -18.1%
BANK OF AMERICA CORP (BAC 4.25 PERP QQ) Common Stock 1,099$19KReduce -18.6%
ALLSTATE CORP (ALL 5.1 PERP H) PFD 923$19KReduce -17.1%
JPMORGAN CHASE & CO (JPM 4.2 PERP MM) PFD 1,055$19KAdd +55.4%
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock 722$18KReduce -17.4%
MORGAN STANLEY (MS 4.25 PERP O) Common Stock 965$17KReduce -18.9%
CMS ENERGY CORP (CMS 4.2 PERP C) Common Stock 964$17KReduce -18.3%
NORTHERN TRUST CORP (NTRS 4.7 PERP E) COM 863$17KReduce -20.2%
PUBLIC STORAGE (PSA 4 PERP P) Common Stock 1,031$16KReduce -16.9%
CITIZENS FINANCIAL GROUP (CFG 5 PERP E) Common Stock 812$16KReduce -20.0%
FIFTH THIRD BANCORP (FITB 4.95 PERP K) Common Stock 800$15KReduce -19.4%
BERKLEY (WR) CORPORATION (WRB 5.1 12/30/59) Common Stock 708$14KReduce -19.3%
METLIFE INC (MET 5.625 PERP E) Common Stock 573$14KReduce -20.9%
PUBLIC STORAGE (PSA 4.625 PERP L) COM 733$14KReduce -10.6%
BANK OF AMERICA CORP (BAC 5.375 PERP KK) PFD 614$14KReduce -20.7%
WELLS FARGO & COMPANY (WFC 4.375 PERP CC) Common Stock 719$13KReduce -15.5%
BANK OF AMERICA CORP (BAC 4.375 PERP NN) PFD 709$13KReduce -20.8%
TRUIST FINANCIAL CORP (TFC 5.25 PERP O) PFD 596$13KReduce -20.5%
RENAISSANCERE HOLDINGS L (RNR 5.75 PERP F) Common Stock 575$13KReduce -15.9%
AT&T INC (T 5 PERP A) COM 574$12KReduce -21.1%
US BANCORP (USB 3.75 PERP L) Common Stock 747$11KReduce -19.6%
US BANCORP (USB 4.5 PERP O) Common Stock 599$11KReduce -20.8%
REGIONS FINANCIAL CORP (RF V6.95 PERP) Common Stock 419$11KReduce -20.0%
BANK OF AMERICA CORP (BAC 5.875 PERP HH) Common Stock 423$10KReduce -19.4%
CITIZENS FINANCIAL GROUP (CFG 7.375 PERP H) Common Stock 387$10KReduce -19.7%
NEXTERA ENERGY CAPITAL (NEE 5.65 03/01/79 N) PFD 422$10KReduce -19.9%
CHARLES SCHWAB CORP (SCHW 5.95 PERP D) Common Stock 400$10KNo change
US BANCORP (USB 5.5 PERP K) Common Stock 442$10KReduce -20.5%
MORGAN STANLEY (MS 7.125 PERP E) PFD 391$10KReduce -23.9%
BANK OF AMERICA CORP (BAC 4.125 PERP PP) Common Stock 569$10KAdd +0.3%
BANK OF NY MELLON CORP (BNY V6.15 PERP K) Common Stock 376$10KReduce -21.2%
EQUITABLE HOLDINGS INC (EQH 5.25 PERP A) Common Stock 463$9KReduce -17.3%
KEYCORP (KEY V6.2 PERP) Common Stock 368$9KReduce -21.0%
CAPITAL ONE FINANCIAL CO (COF 4.25 PERP N) Common Stock 566$9KNo change
MORGAN STANLEY (MS 6.875 PERP F) PFD 362$9KReduce -20.1%
MORGAN STANLEY (MS 5.85 PERP K) Bond 370$9KReduce -20.8%
US BANCORP (USB F PERP B*) COM 508$9KReduce -20.3%
KIMCO REALTY CORP (KIM 5.125 PERP L) PFD 444$9KReduce -20.4%
KEYCORP (KEY 5.65 PERP F) PFD 421$9KReduce -20.7%
ARCH CAPITAL GROUP LTD (ACGL 5.45 PERP F) Common Stock 425$9KReduce -3.4%
HUNTINGTON BANCSHARES (HBAN V6.875 PERP J) PFD 316$8KAdd +2.3%
COREBRIDGE FINANCIAL INC (CRBG 6.375 12/15/64) Common Stock 335$8KReduce -18.9%
PRUDENTIAL FINANCIAL INC (PRU 4.125 09/01/60) Common Stock 441$8KReduce -21.9%
GME.WS Gamestop Corp. *W EXP 10/30/202 2,493$8KReduce -19.5%
PUBLIC STORAGE (PSA 4.875 PERP I) Common Stock 386$7KReduce -20.9%
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock 382$7KAdd +10.4%
VOYA FINANCIAL INC (VOYA V5.35 PERP B) Common Stock 292$7KReduce -23.2%
WELLS FARGO & COMPANY (WFC 4.25 PERP DD) PFD 387$7KReduce -13.8%
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 3,000$6KNo change
CITIZENS FINANCIAL GROUP (CFG V6.5 PERP I) Common Stock 242$6KReduce -18.2%
HARTFORD INSUR GRP INC/T (HIG 6 PERP G) Common Stock 244$6KReduce -22.8%
DTE ENERGY CO (DTE 5.25 12/01/77 E) Common Stock 276$6KReduce -23.1%
NEXTERA ENERGY CAPITAL (NEE 6.5 06/01/85 U) Common Stock 228$6KReduce -18.3%
UMB FINANCIAL CORP (UMBF V7.75 PERP) Common Stock 211$6KReduce -19.5%
CULLEN/FROST BANKERS INC (CFR 4.45 PERP B) Common Stock 328$6KReduce -23.0%
WEBSTER FINANCIAL CORP (WBS 5.25 PERP F) Common Stock 296$6KReduce -22.9%
GLOBE LIFE INC (GL 4.25 06/15/61) Common Stock 327$5KReduce -17.0%
PUBLIC STORAGE (PSA 5.15 PERP F) PREFERRED STOCK 262$5KReduce -23.2%
MORGAN STANLEY (MS 4.875 PERP L) PFD 260$5KReduce -20.7%
REGIONS FINANCIAL CORP (RF V5.7 PERP C) Common Stock 214$5KReduce -23.3%
AXIS CAPITAL HLDGS LTD (AXS 5.5 PERP E) Pref 250$5KNo change
CMS ENERGY CORP (CMS 5.875 03/01/79) Common Stock 183$4KReduce -21.5%
DTE ENERGY CO (DTE 4.375 10/15/80 G) Common Stock 231$4KReduce -22.7%
ALLSTATE CORP (ALL 4.75 PERP I) Common Stock 200$4KNo change
REGIONS FINANCIAL CORP (RF 4.45 PERP E) Common Stock 216$4KReduce -22.3%
AFFILIATED MANAGERS GROU (AMG 5.875 03/30/59) Common Stock 176$4KReduce -23.1%
US BANCORP (USB 4 PERP M) PFD 226$4KReduce -1.7%
AMERICAN FINANCIAL GROUP (AFG 4.5 09/15/60) Common Stock 214$4KReduce -25.7%
STIFEL FINANCIAL CORP (SF 6.125 PERP C) Common Stock 150$3KReduce -23.5%
SPIRE INC (SR 5.9 PERP A) Common Stock 143$3KReduce -23.5%
DTE ENERGY CO (DTE 6.25 10/01/85 H) Common Stock 132$3KNew
DTE ENERGY CO (DTE 4.375 12/01/81) Common Stock 179$3KReduce -22.2%
AFFILIATED MANAGERS GROU (AMG 4.75 09/30/60) Common Stock 179$3KReduce -26.3%
STIFEL FINANCIAL CORP (SF 5.2 10/15/47) Common Stock 148$3KReduce -24.1%
MORGAN STANLEY (MS 6.625 PERP Q) Common Stock 115$3KReduce -17.9%
BERKLEY (WR) CORPORATION (WRB 4.125 03/30/61) Common Stock 182$3KReduce -15.7%
TRANSCANADA PIPELINES (TRPCN 6.25 11/01/85) Common Stock 108$3KNew
XCEL ENERGY INC (XEL 6.25 10/15/85) Common Stock 105$3KNew
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 1,000$3KNo change
KIMCO REALTY CORP (KIM 5.25 PERP M) PFD 119$2KReduce -24.7%
M&T BANK CORPORATION (MTB 7.5 PERP J) Common Stock 85$2KReduce -22.0%
AMERICAN FINANCIAL GROUP (AFG 5.875 03/30/59) Common Stock 95$2KReduce -31.2%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 2,000$2KNo change
REINSURANCE GRP OF AMER (RGA V7.125 10/15/52) Common Stock 68$2KReduce -20.9%
FIRST HORIZON CORP (FHN 4.7 PERP F) Common Stock 80$1KReduce -20.0%
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 12$54No change
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 20$18No change
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 20$10New
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 20$8New

Total filed on the 13F, all lines: $183.1B.

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -1.3% 2.42% −0.49
DGRW Wisdomtree U.S. Quality Divi Reduce -21.9% 0.60% −0.25
ORCL Oracle Corp. Reduce -3.2% 0.32% −0.21
HD Home Depot Inc. Reduce -1.8% 0.59% −0.20
ERIE Erie Indemnity Company Class A Reduce 0.0% 0.77% −0.18
IQLT iShares MSCI International Q Reduce -18.5% 0.45% −0.15
PG The Procter & Gamble Co. Reduce -2.9% 0.61% −0.14
AAPL Apple Inc. Reduce -0.8% 2.83% −0.14
JPM JPMorgan Chase & Co. Reduce -1.5% 1.19% −0.12
KTB Kontoor Brands Inc. Reduce -1.1% 0.23% −0.11
QQQ Invesco QQQ Trust Series 1 Reduce -1.1% 1.02% −0.10
QUAL iShares MSCI USA Quality Fac Reduce -4.6% 0.70% −0.10
IWF iShares Russell 1000 Growth Reduce -1.5% 0.79% −0.09
IWR iShares Russell Mid-Cap ETF Reduce -2.0% 0.66% −0.09
ABBV Abbvie Inc. Reduce -3.5% 0.52% −0.09
AVGO Broadcom Inc. Reduce -2.3% 0.89% −0.07
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.8% 0.61% −0.07
BRK.A Berkshire Hathaway Inc. Class A Reduce -3.4% 0.42% −0.06
VTI VG Morningstar TS MKT ETF-US Reduce -4.2% 0.43% −0.06
ADP Automatic Data Processing Reduce -2.2% 0.19% −0.06
DGRO iShares Core Dividend Growth Reduce -10.6% 0.26% −0.06
IJH iShares Core S&P Midcap ETF Reduce -0.1% 0.56% −0.06
ETN Eaton Corp. PLC Reduce -2.2% 0.17% −0.06
USMV iShares MSCI USA Min Vol Fac Reduce -8.8% 0.24% −0.06
IWB iShares Russell 1000 ETF Reduce -2.6% 0.47% −0.05
CVX Chevron Corp. Reduce -2.9% 0.33% −0.05
MCD McDonald's Corp. Reduce -1.2% 0.44% −0.05
PEP Pepsico Inc. Reduce -6.0% 0.32% −0.05
V Visa Inc. Class A Reduce -0.6% 0.55% −0.05
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.6% 0.37% −0.05
AVLV Avantis US Large Cap Value Reduce -2.3% 0.57% −0.05
BLK BlackRock Inc. Reduce -1.5% 0.21% −0.05
XOM Exxon Mobil Corp. Reduce -2.5% 0.68% −0.05
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.4% 0.44% −0.04
DVY iShares Select Dividend ETF Reduce -3.2% 0.27% −0.04
IVW iShares S&P 500 Growth ETF Reduce -2.2% 0.37% −0.04
SYK Stryker Corp. Reduce -3.2% 0.19% −0.04
QQQM Invesco Nasdaq 100 ETF Reduce -3.6% 0.31% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.5% 0.30% −0.04
EFA iShares MSCI Eafe ETF Reduce -0.5% 0.44% −0.04
VWO Vanguard Ftse Emerging Marke Reduce -0.5% 0.30% −0.04
IWM iShares Russell 2000 ETF Reduce -0.0% 0.40% −0.04
LIN Linde PLC Reduce -5.1% 0.12% −0.04
HON Honeywell International Inc. Reduce -1.9% 0.16% −0.04
NFLX Netflix Inc. Reduce -2.2% 0.08% −0.04
MSI Motorola Solutions Inc. Reduce -2.9% 0.10% −0.04
AZO AutoZone Inc. Reduce -1.1% 0.08% −0.03
NOW ServiceNow Inc. Reduce -4.4% 0.08% −0.03
WEC WEC Energy Group Inc. Reduce -1.0% 0.15% −0.03
PM Philip Morris International Reduce -1.2% 0.23% −0.03

Portfolio Buys Q3 2025 → Q4 2025
AIQ Global X Art Intel & Tech Add +94.5% 0.65% +0.29
CQQQ Invesco China Technology ETF Add +69.8% 0.24% +0.06
IDEV iShares Core MSCI Dev MKTS Add +17.1% 0.54% +0.04
DFIV Dimensional International Va Add +11.8% 0.42% +0.03
CRS Carpenter Technology Add +1752.7% 0.02% +0.02
SHY iShares 1-3 Year Treasury Bo Add +45.3% 0.09% +0.02
BINC iShares Flex I A ETF-Usd Inc. Add +22.2% 0.24% +0.02
IUSV iShares Core S&P U.S. Value Add +49.0% 0.07% +0.02
ISRG Intuitive Surgical Inc. Add +22.0% 0.05% +0.01
BALL Ball Corp. Add +266.9% 0.02% +0.01
TSM Taiwan Semiconductor-SP ADR Add +9.1% 0.18% +0.01
VOO Vanguard S&P 500 ETF Add +28.2% 0.07% +0.01
EVTR Eaton Vance Total Return Add +68.4% 0.03% +0.01
AMD Advanced Micro Devices Add +5.0% 0.04% +0.01
AMAT Applied Materials Inc. Add +0.7% 0.07% +0.01
DIS The Walt Disney Co. Add +17.3% 0.17% +0.01
SLV iShares Silver Trust Add +53.1% 0.01% +0.01
APP AppLovin Corp. Class A Add +113.0% 0.01% +0.01
IUSG iShares Core S&P U.S. Growth Add +16.1% 0.09% +0.01
KORP American Century Diversified Add +52.8% 0.02% +0.01
AVDE Avantis International Equity Add +10.9% 0.13% +0.01
AMT American Tower Corp. Add +39.2% 0.04% +0.00
JCPB JPMorgan Core Plus Bond ETF Add +37.0% 0.02% +0.00
WBD Warner Bros Discovery Inc. Add +21.7% 0.01% +0.00
SLVR Sprott SLVR Miner & PHY SLVR Add +2287.7% 0.00% +0.00
GILD Gilead Sciences Inc. Add +12.6% 0.03% +0.00
MELI MercadoLibre Inc. Add +96.5% 0.01% +0.00
IBB iShares Biotechnology ETF Add +6.0% 0.03% +0.00
TDY Teledyne Technologies Inc. Add +37.4% 0.04% +0.00
GM General Motors Co. Add +12.1% 0.01% +0.00
PHYL Pgim Active High Yield Bond Add +50.2% 0.01% +0.00
C Citigroup Inc. Add +6.5% 0.03% +0.00
VYMI Vanguard Int High DVD YLD Inc. Add +15.8% 0.03% +0.00
WFC Wells Fargo & Co. Add +2.0% 0.12% +0.00
GVI iShares Intermediate Governm Add +18.1% 0.04% +0.00
OSEA Harbor Intl Compounders ETF Add +31.5% 0.01% +0.00
IAU iShares Gold Trust Add +4.0% 0.06% +0.00
COF Capital One Financial Corp. Add +1.0% 0.06% +0.00
CWI State Street SPDR MSCI Acwi Add +10.5% 0.09% +0.00
CRM Salesforce Inc. Add +4.9% 0.04% +0.00
AVEM Avantis Emerging Markets Eq Add +10.4% 0.09% +0.00
COHR Coherent Corp. Add +0.4% 0.00% +0.00
DAL Delta Air Lines Inc. Add +25.6% 0.01% +0.00
CAH Cardinal Health Inc. Add +2.7% 0.01% +0.00
DHR Danaher Corp. Add +0.1% 0.04% +0.00
FCX Freeport-McMoran Inc. Add +7.6% 0.01% +0.00
MCHI iShares MSCI China ETF Add +1692.3% 0.00% +0.00
SPYG SS SPDR P S&P 500 Growth ETF Add +157.5% 0.00% +0.00
VXUS Vanguard Total Intl Stock Add +23.3% 0.01% +0.00
HOOD Robinhood Markets Inc. Class A Add +86.2% 0.01% +0.00

Notes & Other Activity Q3 2025 → Q4 2025
STATE STREET CORP (STT V5.35 PERP G) Common Stock Reduce -14.9% 278,213 $6.2M
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock Reduce -3.3% 259,907 $5.1M
MORGAN STANLEY (MS F PERP +A) COM Reduce -4.0% 236,893 $4.6M
BANK OF AMERICA CORP (BAC F PERP +4) COM Reduce -2.8% 217,133 $4.3M
US BANCORP (USB V0 PERP A) PFD Reduce -3.1% 4,294 $3.3M
METLIFE INC (MET F PERP A) Bond Reduce -7.8% 19,222 $416K
BANK OF AMERICA CORP (BAC F PERP +5) Equities Reduce -14.7% 14,269 $275K
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -11.4% 218 $264K
GOLDMAN SACHS GROUP INC (GS F PERP A) COM Reduce -25.2% 11,388 $220K
KEYCORP (KEY V6.125 PERP E) Common Stock Reduce -18.2% 8,851 $219K
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Sold out 2,000 $198Kbefore exit
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -3.5% 139 $174K
WELLS FARGO & COMPANY (WFC 4.75 PERP Z) Common Stock Reduce -4.1% 5,827 $114K
IONQ.WS Ionq Inc. -CW26 *W EXP 09/30/202 Sold out 2,017 $100Kbefore exit
TRUIST FINANCIAL CORP (TFC F PERP I) Common Stock Reduce -35.9% 3,628 $72K
FIFTH THIRD BANCORP (FITB V7.67122 PERP I) PFD Reduce -2.4% 2,528 $65K
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF Add +236.0% 672 $53K
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK Reduce -3.3% 2,148 $52K
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock Add +18.4% 1,885 $47K
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Reduce -10.7% 2,294 $44K
ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock Reduce -11.2% 2,007 $34K
JPMORGAN CHASE & CO (JPM 4.75 PERP GG) Common Stock Reduce -12.5% 1,479 $30K
TRUIST FINANCIAL CORP (TFC 4.75 PERP R) COM Reduce -11.4% 1,485 $29K
JPMORGAN CHASE & CO (JPM 4.625 PERP LL) Common Stock Reduce -19.3% 1,407 $28K
CHARLES SCHWAB CORP (SCHW 4.45 PERP J) PFD Reduce -19.3% 1,465 $27K
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD Reduce -12.5% 1,285 $27K
METLIFE INC (MET 4.75 PERP F) COM Reduce -18.8% 1,296 $26K
MORGAN STANLEY (MS 6.5 PERP P) Common Stock Reduce -2.0% 943 $24K
WELLS FARGO & COMPANY (WFC 4.7 PERP AA) Common Stock Reduce -19.1% 1,214 $23K
CAPITAL ONE FINANCIAL CO (COF 4.8 PERP J) Common Stock Reduce -11.8% 1,278 $23K
JPMORGAN CHASE & CO (JPM 4.55 PERP JJ) COM Reduce -10.9% 1,179 $23K
HUNTINGTON BANCSHARES (HBAN 4.5 PERP H) PFD Reduce -18.9% 1,287 $22K
M&T BANK CORPORATION (MTB V5.625 PERP H) Common Stock Reduce -18.5% 834 $21K
AT&T INC (T 4.75 PERP C) PFD Reduce -18.1% 1,034 $20K
BANK OF AMERICA CORP (BAC 4.25 PERP QQ) Common Stock Reduce -18.6% 1,099 $19K
ALLSTATE CORP (ALL 5.1 PERP H) PFD Reduce -17.1% 923 $19K
JPMORGAN CHASE & CO (JPM 4.2 PERP MM) PFD Add +55.4% 1,055 $19K
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock Reduce -17.4% 722 $18K
MORGAN STANLEY (MS 4.25 PERP O) Common Stock Reduce -18.9% 965 $17K
CMS ENERGY CORP (CMS 4.2 PERP C) Common Stock Reduce -18.3% 964 $17K
NORTHERN TRUST CORP (NTRS 4.7 PERP E) COM Reduce -20.2% 863 $17K
PUBLIC STORAGE (PSA 4 PERP P) Common Stock Reduce -16.9% 1,031 $16K
CITIZENS FINANCIAL GROUP (CFG 5 PERP E) Common Stock Reduce -20.0% 812 $16K
FIFTH THIRD BANCORP (FITB 4.95 PERP K) Common Stock Reduce -19.4% 800 $15K
BERKLEY (WR) CORPORATION (WRB 5.1 12/30/59) Common Stock Reduce -19.3% 708 $14K
METLIFE INC (MET 5.625 PERP E) Common Stock Reduce -20.9% 573 $14K
PUBLIC STORAGE (PSA 4.625 PERP L) COM Reduce -10.6% 733 $14K
BANK OF AMERICA CORP (BAC 5.375 PERP KK) PFD Reduce -20.7% 614 $14K
WELLS FARGO & COMPANY (WFC 4.375 PERP CC) Common Stock Reduce -15.5% 719 $13K
BANK OF AMERICA CORP (BAC 4.375 PERP NN) PFD Reduce -20.8% 709 $13K

Showing the first 50 of 118.

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