Mechanics Bank Trust Department
Long book
$722.2M
Q1 2026
Positions
199
Top-10 weight
33%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsMechanics Bank Trust Department is an institutional manager, running a $722.2M US long book across 199 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, MECHANICS BANCORP-A, APPLE INC, ALPHABET INC-CL A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
+5.9%
Q3 2024
+1.5%
Q4 2024
-2.3%
Q1 2025
+7.0%
Q2 2025
+7.5%
Q3 2025
+2.0%
Q4 2025
-2.0%
Q1 2026
+11.0%
Sector allocation
Technology 35%
Financials 17%
Consumer discretionary 16%
Healthcare 8%
Energy 6%
Industrials 4%
Services media 4%
Utilities 3%
Long book by quarter
What does Mechanics Bank own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MCHB MECHANICS BANCORP-A | Financials | 2.3M | $34.0M | 4.7% | -32.8% |
| AAPL APPLE INC | Technology | 129.6K | $32.9M | 4.6% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 109.9K | $31.6M | 4.4% | -2.3% |
| MSFT MICROSOFT CORP | Technology | 71.7K | $26.6M | 3.7% | +0.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 16.3K | $16.2M | 2.2% | -0.9% |
| XOM EXXON MOBIL CORP | Energy | 82.3K | $14.0M | 1.9% | -3.9% |
| NVDA NVIDIA CORP | Technology | 80.0K | $14.0M | 1.9% | +4.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 55.7K | $11.6M | 1.6% | -1.5% |
| JPM JPMORGAN CHASE & CO | Financials | 39.4K | $11.6M | 1.6% | +4.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 37.7K | $9.2M | 1.3% | -4.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 19.1K | $9.1M | 1.3% | -0.2% |
| V VISA INC-CLASS A SHARES | Services media | 30.1K | $9.1M | 1.3% | -2.5% |
| ORCL ORACLE CORP | Technology | 56.6K | $8.3M | 1.2% | -1.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 25.4K | $7.9M | 1.1% | -8.0% |
| WMT WALMART INC | Consumer discretionary | 62.8K | $7.8M | 1.1% | -2.9% |
| CVX CHEVRON CORP | Energy | 36.8K | $7.6M | 1.1% | -8.3% |
| GOOG ALPHABET INC-CL C | Technology | 25.2K | $7.2M | 1.0% | +0.6% |
| HD HOME DEPOT INC | Consumer discretionary | 20.4K | $6.7M | 0.9% | -1.4% |
| AVGO BROADCOM INC | Technology | 18.4K | $5.7M | 0.8% | +2.4% |
| ABT ABBOTT LABORATORIES | Healthcare | 52.0K | $5.3M | 0.7% | -6.6% |
| ROST ROSS STORES INC | Consumer discretionary | 24.2K | $5.2M | 0.7% | -0.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 32.5K | $4.7M | 0.6% | -7.7% |
| LLY ELI LILLY & CO | Healthcare | 4.9K | $4.5M | 0.6% | 0.0% |
| RSG REPUBLIC SERVICES INC | Utilities | 19.8K | $4.3M | 0.6% | -2.8% |
| CSCO CISCO SYSTEMS INC | Technology | 51.6K | $4.0M | 0.6% | 0.0% |
| MCK MCKESSON CORP | Consumer discretionary | 4.5K | $3.9M | 0.5% | +1.8% |
| MRK MERCK & CO. INC. | Healthcare | 32.4K | $3.9M | 0.5% | -4.5% |
| PWR QUANTA SERVICES INC | Industrials | 6.7K | $3.7M | 0.5% | -3.7% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 17.3K | $3.5M | 0.5% | -12.7% |
| BLK BLACKROCK INC | Financials | 3.6K | $3.5M | 0.5% | +1.2% |
| PEP PEPSICO INC | Consumer staples | 21.2K | $3.3M | 0.5% | -7.7% |
| LOW LOWE'S COS INC | Consumer discretionary | 13.8K | $3.3M | 0.5% | -3.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 3.8K | $3.2M | 0.4% | +2.3% |
| ABBV ABBVIE INC | Healthcare | 14.5K | $3.2M | 0.4% | +9.6% |
| KO COCA-COLA CO/THE | Consumer staples | 41.0K | $3.1M | 0.4% | -13.7% |
| APH AMPHENOL CORP-CL A | Technology | 23.0K | $2.9M | 0.4% | +1.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 16.7K | $2.8M | 0.4% | -4.7% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 12.1K | $2.7M | 0.4% | -7.3% |
| SYK STRYKER CORP | Healthcare | 7.9K | $2.6M | 0.4% | -7.0% |
| WM WASTE MANAGEMENT INC | Utilities | 9.7K | $2.2M | 0.3% | +6.5% |
| MRSH MARSH & MCLENNAN COS | Financials | 12.7K | $2.2M | 0.3% | -15.4% |
| MO ALTRIA GROUP INC | Consumer staples | 33.0K | $2.2M | 0.3% | -7.2% |
| NFLX NETFLIX INC | Services media | 22.5K | $2.2M | 0.3% | -12.5% |
| ENB ENBRIDGE INC | Energy | 40.0K | $2.2M | 0.3% | -9.2% |
| KLAC KLA CORP | Other | 1.4K | $2.1M | 0.3% | +3.0% |
| SO SOUTHERN CO/THE | Utilities | 21.9K | $2.1M | 0.3% | -5.1% |
| MA MASTERCARD INC - A | Services media | 4.2K | $2.1M | 0.3% | -3.2% |
| DHR DANAHER CORP | Technology | 10.7K | $2.0M | 0.3% | -4.7% |
| YUM YUM! BRANDS INC | Consumer discretionary | 11.0K | $1.7M | 0.2% | -4.9% |
| DUK DUKE ENERGY CORP | Utilities | 12.6K | $1.7M | 0.2% | -4.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 9, 2026 | 354 | $722.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 360 | $763.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 363 | $712.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 373 | $697.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 378 | $732.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 16, 2025 | 376 | $750.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 359 | $751.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 352 | $699.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 337 | $681.3M | canonical | SEC ↗ |
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