SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F-HR (Quarterly Report of Holdings)
Reporting Period: Ended June 30, 2012
Context: This filing discloses the equity securities held by Tompkins Financial Corp, a registered investment adviser, as of the end of the second quarter of 2012. The report details holdings across sole and shared voting authority, including common stocks and exchange-traded funds (ETFs).
Key Financial Metrics
Total Portfolio Value: $196,918,000 (Reported in thousands)
Total Shares Held: 4,410,249
Shares with Sole Voting Authority: 4,029,709
Shares with Shared Voting Authority: 380,540
Shares with No Voting Authority: 0
Note: As a Form 13F filing, this document reports asset holdings and does not contain revenue, profit, cash flow, margin, or debt metrics for Tompkins Financial Corp itself.
Material Holdings and Composition
The portfolio is diversified across large-cap equities and ETFs. The top holdings by reported value include:
- Tompkins Financial Corp (Self-Holding): $19,310,000 (512,464 shares)
- Exxon Mobil Corp: $6,485,000 (75,795 shares)
- International Business Machines (IBM): $6,265,000 (32,035 shares)
- General Electric Co: $4,109,000 (197,174 shares)
- Johnson & Johnson: $3,080,000 (45,587 shares)
- Microsoft Corp: $2,407,000 (78,688 shares)
- Verizon Communications: $2,813,000 (63,321 shares)
- Wells Fargo & Co: $2,077,000 (62,147 shares)
- Procter & Gamble Co: $2,678,000 (43,722 shares)
- PowerShares Pfd - ETF: $3,316,000 (228,356 shares)
The portfolio includes significant allocations to energy (Exxon, Chevron, Apache), technology (IBM, Microsoft, Cisco), healthcare (J&J, Pfizer, Merck), and financial services (Wells Fargo, JPMorgan, MetLife).
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: Not applicable. This filing does not disclose operational risks, legal contingencies, or unusual items affecting the reporting company's financial condition.
Material Changes: This filing represents a snapshot of holdings as of June 30, 2012. It does not provide comparative data against the prior period (March 31, 2012) to determine material changes in position size or strategy.
Investor Verification Checklist
- Verify the total portfolio value of $196.9 million against the firm's total assets under management (AUM) to determine if this represents the entire portfolio or a specific segment.
- Confirm the nature of the "Defined" voting authority shares (380,540 shares) to understand if these are held in defined benefit plans or other discretionary accounts.
- Review the significant self-holding of Tompkins Financial Corp stock ($19.3 million) to assess insider confidence or potential concentration risk.
- Compare the sector weightings (notably high exposure to Energy and Financials) against the broader market performance for Q2 2012.
- Check subsequent 13F filings to track turnover rates and changes in top holdings like Exxon Mobil and IBM.