Vanguard Capital Management Reports New 7.5% Stake in PNC Financial Services Group

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 7.5% ownership stake in The PNC Financial Services Group, Inc. (PNC). The filing indicates that Vanguard now beneficially owns 30,290,398 shares of PNC common stock. This position was established as of the event date on March 31, 2026. According to the filing, Vanguard holds sole dispositive power over all 30,290,398 shares, while maintaining sole voting power over 4,084,556 shares. The reported holdings include securities managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The filing was made under Rule 13d-1(b), certifying that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This represents a significant new institutional position in the Pittsburgh-based financial services company, valued at approximately $6.69 billion based on the reported share count.