Warren Buffett’s 5 Worst Investments of All Time

2. The PNC Financial Services Group, Inc. (NYSE: PNC)

Number of Hedge Fund Holders: 39     

The PNC Financial Services Group, Inc. (NYSE: PNC) is a Pennsylvania-based bank holding company founded in 1845. It is placed second on our list of Warren Buffett’s worst investments of all time. The stock has returned more than 75% to investors in the past year. Buffett started investing in the firm in late 2018, slowly increasing his stake in the company through 2019 and 2020 to close to 10 million shares before shelling 41% of these in a bank-related purge from his portfolio in the second quarter of 2020.

At the end of the fourth quarter of 2020, Buffett had sold his remaining shares in The PNC Financial Services Group, Inc. (NYSE: PNC). This activity around the bank was unusual for an investor like Buffett, whose top holdings have been in his portfolio for decades. 

At the end of the first quarter of 2021, 39 hedge funds in the database of Insider Monkey held stakes worth $418 million in The PNC Financial Services Group, Inc. (NYSE: PNC), up from 35 in the previous quarter worth $188 million.