Mechanics Bank Trust Department

CIK 0001439743 · Q1 2026

13F Equity AUM

$722.2M

-5.4% QoQ

Positions

199

-4 QoQ

AUM Rank

#3,445

Top 28%

Skill Alpha (FF)

-0.2%/yr^ns

No Clear Edge

Rank #2,588 · Top 32%

vs S&P -4.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 22.4%Top 10: 33.1%Top 20: 48.8%

SPY5.1%

MCHB4.7%

AAPL4.5%

GOOGL4.4%

MSFT3.7%

IWP2.5%

COST2.2%

NDQ2.1%

JEPI2.0%

XOM1.9%

Others (189)66.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services52.3%

Technology14.3%

Healthcare6.1%

Communication Services6.1%

Consumer Defensive5.4%

Consumer Cyclical5.3%

Industrials4.0%

Energy3.6%

Other3.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 199Median: 0.21%Avg: 0.50%

0–0.5%

145(24.4%)

0.5–1%

27(19.1%)

1–3%

22(34.1%)

3–5%

4(17.3%)

5%+

1(5.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 197Unique: 2vs 20 funds

2.7%Low

199

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

3.8%

BANK OF AMERICA CORP /DE/

4.2%

6.4%

4.5%

4.3%

VANGUARD CAPITAL MANAGEMENT LLC

3.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.5%

GEODE CAPITAL MANAGEMENT, LLC

3.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New7Increased44Decreased116Exited11

New Positions

L0.0%

+3K

URI0.0%

+367

VLO0.0%

+1K

CB0.0%

+730

PH0.0%

+233

BAC0.0%

+5K

BKR0.0%

+4K

Increased

VWO0.8%

+61K(+144%)

VCIT0.8%

+45K(+206%)

VEA0.3%

+17K(+83%)

JEPQ1.1%

+16K(+13%)

VYMI0.9%

+14K(+25%)

VCLT0.7%

+7K(+13%)

FDLO0.8%

+5K(+6%)

VGK0.4%

+4K(+13%)

MTG0.0%

+3K(+40%)

NVDA1.9%

+3K(+4%)

Decreased

MCHB4.7%

-1,121,270(-33%)

BKLN1.7%

-95,111(-13%)

SPTS0.6%

-18,814(-11%)

TLT0.2%

-9,265(-34%)

LQD1.8%

-7,408(-6%)

INDA0.5%

-6,950(-9%)

KO0.4%

-6,497(-14%)

PAYX0.1%

-4,720(-34%)

ENB0.3%

-4,031(-9%)

BMY0.2%

-4,031(-13%)

Exited

-813

-1,822

-1,290

-1,704

-1,004

-2,999

-1,500

-2,371

-9,100

-2,715

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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