SEC Filing Summary: Tompkins Financial Corp (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Tompkins Financial Corp to the U.S. Securities and Exchange Commission. The report covers the portfolio holdings as of the reporting period ending March 31, 2022. As a Form 13F, this document discloses the equity securities held by the investment manager but does not contain the company's own financial performance metrics (revenue, profit, cash flow) or operational commentary.
Key Financial Metrics and Portfolio Composition
The filing details the specific equity positions held by Tompkins Financial Corp. Key portfolio statistics include:
- Total Portfolio Value: The aggregate value of all reported holdings is approximately $1,036,511,000 (sum of Column 4 values).
- Top Holdings by Value:
- Apple Inc: ~$43.1 million (224,171 shares)
- Microsoft Corp: ~$38.4 million (97,201 shares)
- Verizon Communications: ~$36.2 million (139,118 shares)
- Amazon.com Inc: ~$3.3 million (2,524 shares)
- Alphabet Inc (Class A): ~$3.5 million (3,352 shares)
- Significant Self-Holding: The company holds a substantial position in its own stock (Tompkins Financial Corp), totaling approximately $96.9 million (1,236,891 shares combined across sole and shared discretion).
- Asset Class Mix: The portfolio is heavily weighted toward large-cap U.S. equities, with significant allocations to Exchange Traded Funds (ETFs) from providers such as BlackRock (iShares), Vanguard, and Invesco.
Material Changes and Voting Authority
Note: As this is a snapshot of holdings at a specific date, the filing does not provide comparative data against the prior quarter (December 31, 2021) to calculate material changes in position size or value.
Voting Authority Breakdown:
- Sole Discretion: The manager has sole voting authority over the majority of the portfolio value.
- Shared Discretion: A portion of holdings (e.g., 3M Co, Accenture, AT&T) are held with shared voting authority.
- Discretionary (DFND): Some positions are listed with "DFND" (Discretionary/Found), indicating specific management structures for those accounts.
Guidance, Outlook, and Risks
Guidance and Outlook: This filing type does not contain management commentary, earnings guidance, or future outlook statements.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. The portfolio is exposed to general market risks associated with equity investments, including concentration in technology and financial sectors.
Key Facts for Investor Verification
- Self-Holding Concentration: Verify the strategic intent behind the ~$97 million holding in Tompkins Financial Corp's own stock, which represents a significant portion of the reported portfolio.
- ETF Exposure: Confirm the specific risk profiles of the numerous ETF holdings (e.g., iShares, Vanguard, Invesco) which provide broad market exposure rather than direct stock ownership.
- Reporting Date: Ensure this data is treated as a historical snapshot for Q1 2022 and does not reflect current market values or positions.
- Missing Financials: Do not use this document to assess Tompkins Financial Corp's own profitability, liquidity, or debt levels; refer to Form 10-Q or 10-K for those metrics.