Latest Mechanics Financial Corp Stock Portfolio

Mechanics Financial Corp Performance:

2024 Q3: 4.78%YTD: 1.98%2023: 16.51%

Performance for 2024 Q3 is 4.78%, and YTD is 1.98%, and 2023 is 16.51%.

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 $228.4 Millions as of 30 Sep, 2024.

The top stock holdings of Mechanics Financial Corp are GRC, IJR, AAPL. The fund has invested 17.3% of it's portfolio in GORMAN RUPP CO COM and 6.6% of portfolio in ISHARES CORE S&P MID CAP ETF.

The fund managers got completely rid off ABRDN PLATINUM ETF TRUST (PPLT), FREIGHTCAR AMER INC COM (RAIL) and GRAYSCALE BITCOIN TR BTC SHS stocks. They significantly reduced their stock positions in GENERAL MTRS CO COM (GM), PAYPAL HLDGS INC COM (PYPL) and TEXAS INSTRS INC COM (TXN). Mechanics Financial Corp opened new stock positions in ONEOK INC. (OKE), ASTRAZENECA PLC ADR and EXTRA SPACE STORAGE INC. (EXR). The fund showed a lot of confidence in some stocks as they added substantially to TESLA INC COM (TSLA), QUALCOMM INC COM (QCOM) and DUKE ENERGY CORP NEW COM NEW (DUK).

Mechanics Financial Corp Annual Return Estimates Vs S&P 500

Our best estimate is that Mechanics Financial Corp made a return of 4.78% in the last quarter. In trailing 12 months, it's portfolio return was 9.62%.

New Buys

Ticker	$ Bought
oneok inc.	71,810
astrazeneca plc adr	70,119
extra space storage inc.	70,094
coca cola co com	57,488
welltower inc.	51,212
lyondellbasell industries nv ordinary shares - class a	43,922
cyberark software ltd adr	37,909
civista bancshares inc	35,640

New stocks bought by Mechanics Financial Corp

Additions

Ticker	% Inc.
tesla inc com	799
qualcomm inc com	141
duke energy corp new com new	105
gorman rupp co com	105
williams-sonoma inc.	100
nvidia corporation com	71.79
lilly eli & co com	49.71
palo alto networks inc	46.75

Additions to existing portfolio by Mechanics Financial Corp

Reductions

Ticker	% Reduced
general mtrs co com	-92.35
paypal hldgs inc com	-87.37
texas instrs inc com	-82.31
spdr gold tr etf	-82.24
starbucks corp com	-77.8
verizon communications inc com	-70.78
pimco 0-5yr high yld corp bd index etf	-70.49
ishares tr s&p mc 400gr etf	-69.85

Mechanics Financial Corp reduced stake in above stock

Sold off

Ticker	$ Sold
freightcar amer inc com	-67,950
abrdn platinum etf trust	-91,470
grayscale bitcoin tr btc shs	-53,240
barrick gold corp adr	-5,004
select sector spdr tr sbi materials	-21,989
embecta corp	-1,000
invesco s&p 500 buywrite etf invsc s p	-1,573
autodesk inc com	-17,322

Mechanics Financial Corp got rid off the above stocks

Sector Distribution

Mechanics Financial Corp has about 29.8% of it's holdings in Others sector.

Sector	%
Others	29.8
Industrials	24.1
Technology	16.2
Healthcare	7.4
Financial Services	6
Consumer Cyclical	4.7
Consumer Defensive	3.4
Communication Services	3.3
Energy	1.5
Utilities	1.4
Basic Materials	1.3

Market Cap. Distribution

Mechanics Financial Corp has about 52.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	30.2
UNALLOCATED	29.8
LARGE-CAP	22.5
SMALL-CAP	17.3

Stocks belong to which Index?

About 69.4% of the stocks held by Mechanics Financial Corp either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	52
Others	30.6
RUSSELL 2000	17.4

Top 5 Winners (%)		%
MMM	3m co com	32.8 %
SHW	sherwin williams co com	27.9 %
FFIV	f5 networks inc com	27.9 %
IBM	international business machscom	27.8 %
PSA	public storage reit	26.2 %

Top 5 Winners ($)		$
AAPL	apple inc com	1.4 M
GRC	gorman rupp co com	1.1 M
IJR	ishares core s&p mid cap etf	0.9 M
IJR	ishares tr msci eafe etf	0.6 M
IJR	ishares sp small cap 600 idx etf	0.4 M

Top 5 Losers (%)		%
WSM	williams-sonoma inc.	-27.8 %
INTC	intel corp com	-25.0 %
MU	micron technology inc com	-21.1 %
COIN	coinbase global inc com cl a	-19.8 %
DINO	hf sinclair corp.	-16.4 %

Top 5 Losers ($)		$
GOOG	alphabet inc cap stk cl a	-0.4 M
MSFT	microsoft corp com	-0.3 M
CDNS	cadence design system inc com	-0.2 M
AMAT	applied materials inc material corp common	-0.1 M
GOOG	alphabet inc cap stk cl c	-0.1 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 238 stocks in it's portfolio. About 50.2% of the portfolio is in top 10 stocks. GOOG 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: 06 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc com	6.06	59,415	13,843,700	reduced	-7.74

AAXJ	ishares interm cr bd etf	0.03	1,324	71,125	unchanged	0.00

AAXJ	ishares national muni bond etf	0.03	643	69,849	unchanged	0.00

ABBV	abbvie inc com	0.74	8,550	1,688,450	reduced	-0.5

ABT	abbott labs com	0.23	4,533	516,807	reduced	-19.88

ACN	accenture plc ireland adr	0.49	3,151	1,113,820	added	3.45

ACSG	dbx etf tr xtrak msci eafe	0.03	1,633	68,619	unchanged	0.00

ADBE	adobe sys inc com	0.61	2,708	1,402,150	added	0.74

ADP	automatic data processing incom	0.12	1,000	276,730	unchanged	0.00

ADSK	autodesk inc com	0.00	0.00	0.00	sold off	-100

AEP	american elec pwr co inc com	0.11	2,450	251,370	unchanged	0.00

AFL	aflac inc com	0.10	2,000	223,600	unchanged	0.00

ALL	allstate corp com	0.14	1,725	327,146	reduced	-23.33

AMAT	applied materials inc material corp common	0.40	4,555	920,338	added	7.3

AMGN	amgen inc com	0.58	4,087	1,316,870	reduced	-6.84

AMP	ameriprise finl inc com	0.01	55.00	25,840	unchanged	0.00

AMPS	ishares barclays core gnma bond etf	0.03	1,358	60,825	unchanged	0.00

AMZN	amazon com inc com	1.47	18,038	3,361,020	added	1.61

APD	air prods & chems inc com	0.41	3,122	929,544	unchanged	0.00

ARKF	ark etf tr innovation etf	0.00	50.00	2,377	unchanged	0.00