Mechanics Corp 13F annual report

Mechanics Corp is an investment fund managing more than $195 billion ran by Nicholas Gesouras. There are currently 219 companies in Mr. Gesouras’s portfolio. The largest investments include Gorman Rupp Co Com and Ishares Core S&p Mid Cap Etf, together worth $32.2 billion.

Limited to 30 biggest holdings

$195 billion Assets Under Management (AUM)

As of 25th July 2024, Mechanics Corp’s top holding is 492,464 shares of Gorman Rupp Co Com currently worth over $18.1 billion and making up 9.3% of the portfolio value. In addition, the fund holds 241,443 shares of Ishares Core S&p Mid Cap Etf worth $14.1 billion. The third-largest holding is Apple Inc worth $13.6 billion and the next is Ishares Tr Msci Eafe Etf worth $9.48 billion, with 120,984 shares owned.

Currently, Mechanics Corp's portfolio is worth at least $195 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Mechanics Corp

The Mechanics Corp office and employees reside in Mansfield, Ohio. According to the last 13-F report filed with the SEC, Nicholas Gesouras serves as the Senior Vice President at Mechanics Corp.

Recent trades

In the most recent 13F filing, Mechanics Corp revealed that it had opened a new position in Palo Alto Networks Inc and bought 2,156 shares worth $731 million. This means they effectively own approximately 0.1% of the company. Palo Alto Networks Inc makes up 15.5% of the fund's Technology sector allocation and has grown its share price by 28.3% in the past year.

The investment fund also strengthened its position in Ishares Tr Core Msci Eafe by buying 27,417 additional shares. This makes their stake in Ishares Tr Core Msci Eafe total 90,716 shares worth $6.59 billion.

On the other hand, there are companies that Mechanics Corp is getting rid of from its portfolio. Mechanics Corp closed its position in Royal Gold on 1st August 2024. It sold the previously owned 100 shares for $12.2 million. Nicholas Gesouras also disclosed a decreased stake in Ishares Core S&p Mid Cap Etf by approximately 0.1%. This leaves the value of the investment at $14.1 billion and 241,443 shares.

One of the smallest hedge funds

The two most similar investment funds to Mechanics Corp are Zullo Investment and Insight 2811, Inc. They manage $195 billion and $195 billion respectively.


Nicholas Gesouras investment strategy

Mechanics Corp’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 10.1% of the total portfolio value. The fund focuses on investments in the United States as 25.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 21% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $150 billion.

The complete list of Mechanics Corp trades based on 13F SEC filings

These positions were updated on August 1st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Gorman Rupp Co Com
No change
492,464
$18,078,353,000 9.29%
Ishares Core S&p Mid Cap Etf
1.56%
241,443
$14,129,244,000 7.26%
Apple Inc
1.95%
64,399
$13,563,717,000 6.97%
Ishares Tr Msci Eafe Etf
14.56%
120,984
$9,476,677,000 4.87%
Microsoft Corp Com
0.33%
18,527
$8,280,643,000 4.25%
Ishares Tr Core Msci Eafe
43.31%
90,716
$6,589,610,000 3.39%
Ishares Core S&p 500 Etf
5.00%
11,147
$6,099,973,000 3.13%
Jpmorgan Chase & Co Com
0.58%
24,048
$4,863,948,000 2.50%
Ishares Sp Small Cap 600 Idx Etf
3.28%
43,148
$4,602,166,000 2.36%
Alphabet Inc Cap Stk Cl A
0.90%
21,943
$3,996,917,000 2.05%
Ishares Core Msci Emerging Markets Etf
31.79%
67,012
$3,587,152,000 1.84%
Amazon.com Inc.
0.62%
17,753
$3,430,767,000 1.76%
Vanguard Short Term Treasury Index Fund
3.83%
57,883
$3,356,635,000 1.72%
Procter And Gamble Co Com
0.16%
16,590
$2,736,023,000 1.41%
General Dynamics Corp Com
0.19%
8,503
$2,467,060,000 1.27%
Vanguard Total Bd Mkt Etf
3.25%
32,779
$2,361,727,000 1.21%
Spdr Portfolio High Yield Bond Etf
32.43%
100,312
$2,330,248,000 1.20%
Pepsico Inc Com
1.01%
13,936
$2,298,464,000 1.18%
Honeywell Intl Inc Com
7.76%
10,122
$2,161,452,000 1.11%
Ishares Russell 2000 Etf
2.39%
10,576
$2,145,765,000 1.10%
Johnson & Johnson Com
0.58%
14,670
$2,144,167,000 1.10%
Nvidia Corporation Com
1,810.76%
14,560
$1,798,742,000 0.92%
Visa Inc
1.91%
6,786
$1,781,121,000 0.92%
Chevron Corp New Com
1.43%
11,084
$1,733,759,000 0.89%
Oracle Corp Com
7.46%
11,496
$1,623,235,000 0.83%
Unitedhealth Group Inc
0.75%
3,178
$1,618,428,000 0.83%
Alphabet Inc Cap Stk Cl C
1.44%
8,540
$1,566,407,000 0.80%
Cadence Design System Inc Com
1.42%
5,063
$1,558,138,000 0.80%
Hubbell Inc.
No change
4,260
$1,556,945,000 0.80%
Lilly Eli & Co Com
5.54%
1,706
$1,544,578,000 0.79%
Blackrock Inc.
1.74%
1,935
$1,523,464,000 0.78%
Vanguard Ftse Emerging Mkts Etf
32.29%
34,406
$1,505,607,000 0.77%
Adobe Sys Inc Com
1.74%
2,688
$1,493,292,000 0.77%
Abbvie Inc
12.32%
8,593
$1,473,871,000 0.76%
AMGEN Inc.
0.45%
4,387
$1,370,718,000 0.70%
Mcdonalds Corp Com
1.22%
5,266
$1,341,987,000 0.69%
NextEra Energy Inc
0.80%
18,933
$1,340,646,000 0.69%
Merck & Co Inc
2.08%
10,537
$1,304,481,000 0.67%
Marriott International, Inc.
2.07%
4,942
$1,194,827,000 0.61%
Thermo Fisher Scientific Inccom
No change
2,046
$1,131,438,000 0.58%
Stryker Corp Com
11.07%
3,272
$1,113,298,000 0.57%
Disney Walt Co Com Disney
1.55%
11,096
$1,101,722,000 0.57%
Vanguard Intermediate Term Treasury Etf
3.02%
18,906
$1,100,896,000 0.57%
Cisco Sys Inc Com
0.95%
22,684
$1,077,717,000 0.55%
Home Depot, Inc.
No change
3,044
$1,047,867,000 0.54%
Lowes Cos Inc Com
No change
4,747
$1,046,524,000 0.54%
Caterpillar Inc.
0.50%
3,031
$1,009,626,000 0.52%
Applied Materials Inc Material Corp Common
3.11%
4,245
$1,001,778,000 0.51%
Verizon Communications Inc
1.33%
24,210
$998,420,000 0.51%
Spdr Barclays St Corp Bd Etf
9.71%
33,018
$980,635,000 0.50%
Accenture Plc Ireland Adr
2.59%
3,046
$924,187,000 0.47%
Emerson Elec Co Com
No change
8,317
$916,201,000 0.47%
Zoetis Inc
0.14%
5,157
$894,018,000 0.46%
Deere & Co Com
1.34%
2,337
$873,173,000 0.45%
Starbucks Corp Com
0.05%
10,539
$820,461,000 0.42%
Meta Platforms Inc
2.54%
1,614
$813,811,000 0.42%
Air Prods & Chems Inc Com
0.48%
3,122
$805,632,000 0.41%
Intercontinental Exchange Incom
2.10%
5,835
$798,753,000 0.41%
Eog Res Inc Com
1.25%
5,922
$745,402,000 0.38%
Morgan Stanley Com New
2.32%
7,598
$738,450,000 0.38%
Jacobs Solutions Inc
2.81%
5,262
$735,154,000 0.38%
Palo Alto Networks Inc
Opened
2,156
$730,906,000 0.38%
Bk Of America Corp Com
3.82%
17,940
$713,474,000 0.37%
Uber Technologies Inc
Opened
9,747
$708,412,000 0.36%
Public Storage Reit
3.06%
2,461
$707,907,000 0.36%
Southern Co Com
0.12%
8,519
$660,819,000 0.34%
Waste Mgmt Inc Del Com
0.82%
3,016
$643,433,000 0.33%
Vanguard Reit Etf
25.59%
7,547
$632,137,000 0.32%
Eaton Corp Plc Adr
No change
2,000
$627,100,000 0.32%
Texas Instrs Inc Com
58.23%
3,199
$622,301,000 0.32%
Lockheed Martin Corp Com
No change
1,327
$619,842,000 0.32%
Berkshire Hathaway Inc Del Cl B New
No change
1,495
$608,166,000 0.31%
Cummins Inc.
3.17%
2,183
$604,538,000 0.31%
Prologis Inc
68.36%
5,251
$589,740,000 0.30%
Abbott Labs Com
No change
5,658
$587,923,000 0.30%
International Business Machscom
No change
3,225
$557,764,000 0.29%
Walmart Inc
2.39%
8,151
$551,904,000 0.28%
Pfizer Inc.
14.10%
19,153
$535,901,000 0.28%
Principal Exchange-traded Fdspectrum Pfd
7.50%
27,508
$501,196,000 0.26%
Medtronic Plc Shs Adr
2.52%
6,046
$475,881,000 0.24%
Microchip Technology, Inc.
1.67%
5,112
$467,748,000 0.24%
Freeport-mcmoran Inc Freeport Mcmoran Corp Common
0.97%
9,520
$462,672,000 0.24%
American Express Co Com
No change
1,950
$451,523,000 0.23%
Linde Plc Adr
No change
1,000
$438,810,000 0.23%
Becton Dickinson & Co Com
No change
1,700
$397,307,000 0.20%
Paychex Inc.
No change
3,280
$388,877,000 0.20%
United Parcel Service, Inc.
No change
2,802
$383,454,000 0.20%
Dow Inc
0.35%
7,071
$375,117,000 0.19%
Spdr Gold Tr Etf
Opened
1,678
$360,787,000 0.19%
Allstate Corp Com
8.16%
2,250
$359,235,000 0.18%
Genuine Parts Co Com
4.67%
2,511
$347,322,000 0.18%
Paypal Hldgs Inc Com
1.69%
5,100
$295,953,000 0.15%
Broadcom Inc
82.00%
182
$292,206,000 0.15%
General Mtrs Co Com
2.36%
6,278
$291,676,000 0.15%
Cvs Health Corp Com
49.02%
4,919
$290,516,000 0.15%
Spdr S&p 500 Etf
3.34%
521
$283,539,000 0.15%
Sherwin Williams Co Com
No change
870
$259,634,000 0.13%
Us Bancorp Del Com New
No change
6,386
$253,524,000 0.13%
Ppg Inds Inc Com
No change
2,000
$251,780,000 0.13%
Ishares S&p Sc 600 Clsd End Fnd Etf
13.96%
2,576
$250,568,000 0.13%
Vanguard Index Fds Total Stk Mkt
No change
893
$238,886,000 0.12%
Automatic Data Processing Incom
No change
1,000
$238,690,000 0.12%
Ishares Gold Tr Ishares New
No change
5,423
$238,232,000 0.12%
Illinois Tool Wks Inc Com
No change
1,000
$236,960,000 0.12%
Intel Corp Com
11.89%
7,650
$236,921,000 0.12%
Smucker J M Co Com New
No change
2,100
$228,984,000 0.12%
Union Pac Corp Com
No change
1,000
$226,260,000 0.12%
Ingredion Inc
3.32%
1,895
$217,357,000 0.11%
American Elec Pwr Co Inc Com
No change
2,450
$214,963,000 0.11%
Pimco 0-5yr High Yld Corp Bd Index Etf
74.36%
2,318
$214,879,000 0.11%
Prudential Finl Inc Com
No change
1,821
$213,403,000 0.11%
Enbridge Inc Adr
No change
5,888
$209,554,000 0.11%
Altria Group Inc.
8.65%
4,490
$204,520,000 0.11%
3m Co Com
31.01%
1,918
$196,000,000 0.10%
Colgate Palmolive Co Com
No change
2,000
$194,080,000 0.10%
Boeing Co Com
No change
1,050
$191,111,000 0.10%
Bristol Myers Squibb Co Com
No change
4,500
$186,885,000 0.10%
Nike, Inc.
No change
2,405
$181,265,000 0.09%
Fedex Corp Com
No change
600
$179,904,000 0.09%
Ishares 7-10 Year Tsy Bond Etf
No change
1,910
$178,872,000 0.09%
Aflac Inc.
No change
2,000
$178,620,000 0.09%
Ishares Tr S&p 500 Val Etf
No change
895
$162,899,000 0.08%
Elevance Health Inc.
No change
300
$162,558,000 0.08%
CME Group Inc
27.87%
757
$148,826,000 0.08%
Dominion Res Inc Va New Com
No change
3,000
$147,000,000 0.08%
Mccormick & Co Inc Com Non Vtg
No change
2,000
$141,880,000 0.07%
Phillips 66 Com
No change
1,000
$141,170,000 0.07%
Sysco Corp.
31.48%
1,963
$140,139,000 0.07%
Kimberly-clark Corp Com
No change
1,000
$138,200,000 0.07%
Clorox Co Del Com
No change
1,000
$136,470,000 0.07%
Ishares Sp Mid Cap 400 Val Etf
No change
1,196
$135,698,000 0.07%
RTX Corp
No change
1,350
$135,527,000 0.07%
Northrop Grumman Corp Com
No change
300
$130,785,000 0.07%
Ishares Russell Mid Cap Etf
3.93%
1,493
$121,052,000 0.06%
Bank New York Mellon Corp Com
No change
2,000
$119,780,000 0.06%
Tesla Inc
Opened
600
$118,728,000 0.06%
Ishares Tr S P Small Cap 600 Etf
No change
916
$117,642,000 0.06%
Crown Castle International Corp
3.27%
1,185
$115,775,000 0.06%
Duke Energy Corp New Com New
No change
1,000
$100,230,000 0.05%
Ishares Core Totusbd Etf
No change
1,000
$97,070,000 0.05%
Ishares Tr 1-3 Yr Tr Bd Etf
No change
1,132
$92,428,000 0.05%
Abrdn Platinum Etf Trust
Opened
1,000
$91,470,000 0.05%
Grainger W W Inc Com
No change
100
$90,224,000 0.05%
Edison Intl Com
No change
1,200
$86,172,000 0.04%
Conocophillips Com
No change
750
$85,785,000 0.04%
Exxon Mobil Corp Com
No change
693
$79,778,000 0.04%
Qualcomm, Inc.
No change
385
$76,684,000 0.04%
M & T Bk Corp Com
No change
500
$75,680,000 0.04%
Ishares National Muni Bond Etf
No change
643
$68,512,000 0.04%
Freightcar Amer Inc Com
No change
19,470
$67,950,000 0.03%
Ishares Interm Cr Bd Etf
No change
1,324
$67,868,000 0.03%
Dbx Etf Tr Xtrak Msci Eafe
19.75%
1,633
$67,672,000 0.03%
Energy Transfer Lp Com Ut Ltd Ptn
No change
4,000
$64,880,000 0.03%
General Mls Inc Com
No change
1,000
$63,260,000 0.03%
Vanguard Index Fds S&p 500 Etf Shs
Opened
126
$63,016,000 0.03%
Ishares Barclays Core Gnma Bond Etf
26.91%
1,358
$58,489,000 0.03%
Truist Finl Corp Com
32.05%
1,495
$58,081,000 0.03%
Vanguard Scottsdale Fds Mortg-back Sec
No change
1,253
$56,886,000 0.03%
Ishares Iboxx Inv Cp Etf
No change
531
$56,881,000 0.03%
Vanguard Group, Inc. Small Cap Growth Etf
Opened
215
$53,778,000 0.03%
Grayscale Bitcoin Tr Btc Shs
Opened
1,000
$53,240,000 0.03%
Ishares Russell Midcap Gth Etf
No change
456
$50,320,000 0.03%
Wheaton Precious Metals Corp Adr
No change
900
$47,178,000 0.02%
Ishares Tr Core S&p Us Vlu
No change
447
$39,394,000 0.02%
Park Natl Corp Com
No change
275
$39,144,000 0.02%
Oge Energy Corp Com
No change
1,000
$35,700,000 0.02%
Ishares Tr S&p Mc 400gr Etf
No change
398
$35,068,000 0.02%
Masco Corp Com
No change
518
$34,535,000 0.02%
Micron Technology Inc.
No change
250
$32,883,000 0.02%
Evergy Inc
No change
605
$32,047,000 0.02%
Franco Nevada Corp Adr
150.00%
250
$29,630,000 0.02%
Church & Dwight Co., Inc.
No change
275
$28,512,000 0.01%
Invesco Exchng Traded Fd Tr Sr Ln Etf
No change
1,196
$25,164,000 0.01%
Ishares Tr Russell Mid Cap Vetf
No change
197
$23,786,000 0.01%
BWX Technologies Inc
Opened
250
$23,750,000 0.01%
Reinsurance Grp Of America Icom New
No change
115
$23,606,000 0.01%
Ameriprise Finl Inc Com
No change
55
$23,495,000 0.01%
Ishares Tr Core S&p Us Gwt
No change
179
$22,819,000 0.01%
Zions Bancorporation Com
No change
525
$22,769,000 0.01%
Select Sector Spdr Tr Sbi Materials
7.43%
249
$21,989,000 0.01%
Littelfuse Inc Corp Common
30.30%
86
$21,981,000 0.01%
Cintas Corp Com
No change
28
$19,607,000 0.01%
First Trust Nyse Arca Biotechnology Index Fund
Opened
122
$18,787,000 0.01%
First Trust Energy Alphadex Fund
Opened
1,004
$18,273,000 0.01%
Ishares Msci Emg Mkt Etf
32.79%
410
$17,462,000 0.01%
Autodesk Inc.
40.00%
70
$17,322,000 0.01%
Williams-Sonoma, Inc.
No change
60
$16,942,000 0.01%
Schein Henry Inc Com
10.87%
255
$16,346,000 0.01%
Gartner, Inc.
No change
35
$15,717,000 0.01%
Equinix Inc
100.00%
20
$15,132,000 0.01%
Floor & Decor Holdings Inc
No change
150
$14,912,000 0.01%
Manhattan Associates, Inc.
No change
55
$13,567,000 0.01%
Salesforce Com Inc Com
No change
50
$12,855,000 0.01%
Oshkosh Corp Com
No change
115
$12,443,000 0.01%
Royal Gold, Inc.
Closed
100
$12,181,000
Cincinnati Finl Corp Com
No change
100
$11,810,000 0.01%
Waters Corp Com
No change
40
$11,605,000 0.01%
Coinbase Global Inc Com Cl A
No change
50
$11,112,000 0.01%
F5 Networks Inc Com
No change
64
$11,023,000 0.01%
Newmont Corp Com
Closed
300
$10,752,000
Silgan Holdings Inc.
No change
250
$10,583,000 0.01%
Sandstorm Gold Ltd Adr
Closed
2,000
$10,500,000
Owens Corning New Com
No change
60
$10,423,000 0.01%
Pimco Enhanced Short Maturity Active Etf
Closed
100
$10,054,000
BorgWarner Inc
8.77%
310
$9,994,000 0.01%
Zimmer Biomet Holdings Inc
Closed
75
$9,899,000
Enerpac Tool Group Corp Cl A Com
No change
225
$8,591,000 0.00%
Mid-America Apartment Communities, Inc.
87.85%
60
$8,557,000 0.00%
Ishares Russell 2000 Value Etf
Closed
45
$7,146,000
Polaris Inc
28.57%
90
$7,048,000 0.00%
HF Sinclair Corporation
No change
126
$6,721,000 0.00%
Alibaba Group Hldg Ltd Sponsored Adr
No change
85
$6,120,000 0.00%
Essex Ppty Tr Inc Com
Closed
25
$6,120,000
Barrick Gold Corp Adr
No change
300
$5,004,000 0.00%
iShares Core 1-5 Year USD Bond ETF
Closed
98
$4,649,000
Vanguard Short-term Corporate Bond Etf
Closed
60
$4,639,000
Baidu Inc Spon Adr Rep A
No change
50
$4,324,000 0.00%
Sturm, Ruger & Co., Inc.
No change
100
$4,165,000 0.00%
Citigroup Inc Com New
94.32%
65
$4,125,000 0.00%
Hasbro, Inc.
73.08%
70
$4,095,000 0.00%
Markel Group Inc
No change
2
$3,151,000 0.00%
B2gold Corp Com Adr
Closed
1,000
$2,610,000
Pan American Silver Corp Adr
Closed
159
$2,398,000
Ark Etf Tr Innovation Etf
No change
50
$2,198,000 0.00%
Sel Sec Spdr Tr Etf
No change
27
$1,840,000 0.00%
Invesco S&p 500 Buywrite Etf Invsc S P
No change
71
$1,573,000 0.00%
Nio Inc Spon Adr
No change
250
$1,040,000 0.00%
Embecta Corp
No change
80
$1,000,000 0.00%
Edgewell Pers Care Co Com
No change
23
$924,000 0.00%
Kyndryl Holdings Inc Corp Common
No change
5
$132,000 0.00%
No transactions found
Showing first 500 out of 230 holdings