Pnc Financial Services Group2026-Q1
PNC金融集团在2026年第一季度减持其最大单一持仓LLY，投资组合权重由30.13%降至27.26%，为本次申报中规模最大的调整。换手率由0.153183降至0.117747，持仓数量增至5160只。
| 代码 | 操作 | 市值（美元） | 占投资组合比重 |
|---|---|---|---|
| TCHP | 新建买入 | $104.5M | 0.06% |
清仓退出（sold_out）：无，TCHP为本季度唯一新建买入。
变动最大的持仓中，主动操作为30只减持、19只增持，整体偏向卖出。
| 代码 | 操作 | 市值变化 | 权重变化（百分点） |
|---|---|---|---|
| IDEV | 增持 | +$398.2M | +0.26pts |
| GOOGL | 增持 | -$223.0M | -0.04pts |
| CVX | 增持 | +$217.5M | +0.14pts |
| AMZN | 增持 | -$127.4M | -0.03pts |
| IEMG | 增持 | +$123.3M | +0.10pts |
| ATI | 增持 | +$115.7M | +0.07pts |
| META | 增持 | -$115.1M | -0.03pts |
| DFIV | 增持 | +$96.4M | +0.08pts |
| COST | 增持 | +$88.5M | +0.07pts |
| AIQ | 增持 | +$82.2M | +0.08pts |
| GEV | 增持 | +$80.0M | +0.05pts |
| GOOG | 增持 | -$74.0M | -0.02pts |
| ADP | 增持 | -$73.9M | -0.03pts |
| LMT | 增持 | +$73.8M | +0.05pts |
| AMAT | 增持 | +$66.0M | +0.04pts |
| NVDA | 增持 | -$65.8M | +0.02pts |
| SPGI | 增持 | -$61.5M | -0.03pts |
| WMT | 增持 | +$57.3M | +0.04pts |
| MA | 增持 | -$56.7M | -0.02pts |
| LLY | 减持 | -$7.96B | -2.87pts |
| MSFT | 减持 | -$1.05B | -0.47pts |
| IVV | 减持 | -$555.1M | +0.01pts |
| XOM | 减持 | +$491.6M | +0.33pts |
| AAPL | 减持 | -$375.1M | -0.05pts |
| SPY | 减持 | -$234.0M | -0.04pts |
| JPM | 减持 | -$214.5M | -0.06pts |
| ERIE | 减持 | -$173.9M | -0.06pts |
| AVGO | 减持 | -$172.3M | -0.05pts |
| V | 减持 | -$171.2M | -0.07pts |
| JNJ | 减持 | +$167.6M | +0.13pts |
| ORCL | 减持 | -$152.9M | -0.07pts |
| QQQ | 减持 | -$148.5M | -0.03pts |
| IWF | 减持 | -$146.8M | -0.04pts |
| VUG | 减持 | -$117.0M | -0.03pts |
| ABT | 减持 | -$112.3M | -0.05pts |
| MRK | 减持 | +$103.6M | +0.08pts |
| QUAL | 减持 | -$102.9M | -0.02pts |
| LRCX | 减持 | +$86.5M | +0.07pts |
| VFC | 减持 | -$85.6M | +0.00pts |
| NEE | 减持 | +$76.0M | +0.06pts |
| AXP | 减持 | -$73.4M | -0.03pts |
| DGRW | 减持 | -$73.4M | -0.01pts |
| PWR | 减持 | +$69.0M | +0.04pts |
| BAC | 减持 | -$64.1M | -0.02pts |
| IBM | 减持 | -$62.1M | -0.02pts |
| ACN | 减持 | -$61.5M | -0.03pts |
| CMCSA | 减持 | -$60.4M | -0.03pts |
| IVW | 减持 | -$59.7M | -0.02pts |
| UNH | 减持 | -$56.5M | -0.02pts |
方向冲突说明（14只股票的操作方向与美元价值方向相反）：
组合层面数据印证交易动能减弱：换手率下降，个股集中度同步回落。
| 指标 | 本季度 | 上一季度 |
|---|---|---|
| 持仓数量 | 5160 | 5153 |
| 换手率 | 0.117747 | 0.153183 |
| HHI集中度 | 0.081723 | 0.098222 |
| 映射价值比率 | 0.6390553977280927 | 0.6564509500092296 |
| 动量倾斜（百分点） | 0.010367 | 0.013738 |
| 变异系数 | 20.512766 | 22.477416 |
| 医疗保健 | 0.4853 | 0.5132 |
| 信息技术 | 0.1552 | 0.1581 |
| 金融 | 0.0877 | 0.0903 |
| 可选消费 | 0.0635 | 0.0606 |
| 工业 | 0.0599 | 0.0502 |
| 通信服务 | 0.0478 | 0.0475 |
| 必选消费 | 0.0407 | 0.0354 |
| 能源 | 0.0323 | 0.0214 |
| 公用事业 | 0.0155 | 0.0131 |
| 原材料 | 0.0082 | 0.0065 |
| 房地产 | 0.004 | 0.0036 |
结论： LLY是本次申报的最大焦点：减持对应的市值变化为-$7.96B，该股仍占投资组合27.26%。主动操作呈30只减持对19只增持的偏卖格局，其中14只的操作方向与市值方向相反，均由股价波动所致。换手率由0.153183降至0.117747，HHI集中度由0.098222降至0.081723。医疗保健仍以0.4853的权重居首，高于信息技术的0.1552，但两者差距已由上季度的0.5132与0.1581收窄。