Latest Mechanics Financial Corp Stock Portfolio

$194Million– No. of Holdings #220

Mechanics Financial Corp Performance:

2024 Q2: -2.34%YTD: -2.89%2023: 16.49%

Performance for 2024 Q2 is -2.34%, and YTD is -2.89%, and 2023 is 16.49%.

About Mechanics Financial Corp and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Mechanics Financial Corp reported an equity portfolio of $194.7 Millions as of 30 Jun, 2024.

The top stock holdings of Mechanics Financial Corp are GRC, AGG, AAPL. The fund has invested 9.3% of it's portfolio in GORMAN RUPP CO COM and 7.3% of portfolio in ISHARES CORE S&P MID CAP ETF.

The fund managers got completely rid off ROYAL GOLD INC COM (RGLD), NEWMONT CORP COM (NEM) and SANDSTORM GOLD LTD ADR (SAND) stocks. They significantly reduced their stock positions in CITIGROUP INC COM NEW (C), MID-AMERICA APARTMENT COMMUNITIES INC (MAA) and PIMCO 0-5YR HIGH YLD CORP BD INDEX ETF (BOND). Mechanics Financial Corp opened new stock positions in PALO ALTO NETWORKS INC (PANW), UBER TECHNOLOGIES INC (UBER) and SPDR GOLD TR ETF (GLD). The fund showed a lot of confidence in some stocks as they added substantially to FRANCO NEVADA CORP ADR (FNV), EQUINIX INC (EQIX) and NVIDIA CORPORATION COM (NVDA).

Mechanics Financial Corp Equity Portfolio Value

Last Reported on: 01 Aug, 2024

Mechanics Financial Corp Annual Return Estimates Vs S&P 500

Our best estimate is that Mechanics Financial Corp made a return of -2.34% in the last quarter. In trailing 12 months, it's portfolio return was 3.25%.

New Buys

Ticker	$ Bought
palo alto networks inc	730,906
uber technologies inc	708,412
spdr gold tr etf	360,787
tesla inc com	118,728
abrdn platinum etf trust	91,470
vanguard index fds s&p 500 etf shs	63,016
vanguard group, inc. small cap growth etf	53,778
grayscale bitcoin tr btc shs	53,240

New stocks bought by Mechanics Financial Corp

Additions

Ticker	% Inc.
franco nevada corp adr	150
equinix inc	100
nvidia corporation com	91.08
broadcom inc.	82.00
prologis inc	68.36
ishares tr core msci eafe	43.31
autodesk inc com	40.00
spdr portfolio high yield bond etf	32.43

Additions to existing portfolio by Mechanics Financial Corp

Reductions

Ticker	% Reduced
citigroup inc com new	-94.32
mid-america apartment communities inc	-87.85
pimco 0-5yr high yld corp bd index etf	-74.36
hasbro inc com	-73.08
texas instrs inc com	-58.23
cvs health corp com	-49.02
3m co com	-42.31
ishares msci emg mkt etf	-32.79

Mechanics Financial Corp reduced stake in above stock

Sold off

Ticker	$ Sold
sandstorm gold ltd adr	-10,500
b2gold corp com adr	-2,610
newmont corp com	-10,752
pan american silver corp adr	-2,398
pimco enhanced short maturity active etf	-10,054
royal gold inc com	-12,181
ishares core 1-5 year usd bond etf	-4,649
zimmer biomet holdings inc com	-9,899

Mechanics Financial Corp got rid off the above stocks

Sector Distribution

Mechanics Financial Corp has about 32.4% of it's holdings in Others sector.

Sector	%
Others	32.4
Technology	18.1
Industrials	16.9
Healthcare	7.9
Financial Services	6.5
Consumer Cyclical	5.1
Communication Services	4.4
Consumer Defensive	3.6
Energy	1.6
Utilities	1.4
Basic Materials	1.3

Market Cap. Distribution

Mechanics Financial Corp has about 57.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	32.4
MEGA-CAP	31.4
LARGE-CAP	26.5
SMALL-CAP	9.3

Stocks belong to which Index?

About 66.8% of the stocks held by Mechanics Financial Corp either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	57.4
Others	33.2
RUSSELL 2000	9.4

Top 5 Winners (%)		%
AAPL	apple inc com	22.6 %
KD	kyndryl holdings inc corp common	21.1 %
GOOG	alphabet inc cap stk cl a	20.5 %
GOOG	alphabet inc cap stk cl c	20.4 %
AVGO	broadcom inc.	20.4 %

Top 5 Winners ($)		$
AAPL	apple inc com	2.5 M
GOOG	alphabet inc cap stk cl a	0.7 M
MSFT	microsoft corp com	0.5 M
GOOG	alphabet inc cap stk cl c	0.3 M
AGG	ishares core s&p 500 etf	0.2 M

Top 5 Losers (%)		%
NVDA	nvidia corporation com	-73.3 %
INTC	intel corp com	-29.9 %
CVS	cvs health corp com	-24.9 %
BMY	bristol myers squibb co com	-23.4 %
FND	floor & decor	-23.3 %

Top 5 Losers ($)		$
NVDA	nvidia corporation com	-4.9 M
GRC	gorman rupp co com	-1.4 M
AGG	ishares core s&p mid cap etf	-0.5 M
DIS	disney walt co com disney	-0.3 M
HUBB	hubbell inc com	-0.2 M

Mechanics Financial Corp Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Mechanics Financial Corp

Mechanics Financial Corp has 220 stocks in it's portfolio. About 46.1% of the portfolio is in top 10 stocks. NVDA proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Mechanics Financial Corp last quarter.

Last Reported on: 01 Aug, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc com	6.97	64,399	13,563,700	reduced	-1.95

AAXJ	ishares national muni bond etf	0.04	643	68,512	unchanged	0.00

AAXJ	ishares interm cr bd etf	0.04	1,324	67,868	unchanged	0.00

ABBV	abbvie inc com	0.76	8,593	1,473,870	reduced	-12.32

ABT	abbott labs com	0.30	5,658	587,923	unchanged	0.00

ACN	accenture plc ireland adr	0.48	3,046	924,187	added	2.59

ACSG	dbx etf tr xtrak msci eafe	0.04	1,633	67,672	reduced	-19.75

ADBE	adobe sys inc com	0.77	2,688	1,493,290	added	1.74

ADP	automatic data processing incom	0.12	1,000	238,690	unchanged	0.00

ADSK	autodesk inc com	0.01	70.00	17,322	added	40.00

AEP	american elec pwr co inc com	0.11	2,450	214,963	unchanged	0.00

AFL	aflac inc com	0.09	2,000	178,620	unchanged	0.00

AGG	ishares core s&p mid cap etf	7.26	241,443	14,129,200	reduced	-1.56

AGG	ishares tr msci eafe etf	4.87	120,984	9,476,680	reduced	-14.56

AGG	ishares core s&p 500 etf	3.13	11,147	6,099,970	added	5.00

AGG	ishares sp small cap 600 idx etf	2.36	43,148	4,602,170	reduced	-3.28

AGG	ishares russell 2000 etf	1.10	10,576	2,145,760	reduced	-2.39

AGG	ishares s&p sc 600 clsd end fnd etf	0.13	2,576	250,568	reduced	-13.96

AGG	ishares 7-10 year tsy bond etf	0.09	1,910	178,872	unchanged	0.00

AGG	ishares tr s&p 500 val etf	0.08	895	162,899	unchanged	0.00