TMP

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 September 30, 2009
Context: This filing discloses the equity securities held by Tompkins Financial Corp, a registered investment manager, as of the end of the third quarter of 2009. The report details holdings across various sectors, including financials, technology, healthcare, and energy, with a mix of sole and shared voting authority.

Key Financial Metrics

Total Portfolio Value: $272,556,000 (Reported in thousands)
Total Shares Held: 6,499,938
Voting Authority Breakdown:

• Sole Voting Authority: 6,061,707 shares
• Shared Voting Authority: 0 shares
• None (Discretionary/Other): 438,231 shares

Top Holdings by Value (Selected):

• Tompkins Financial Corp: $33,445,000 (765,336 shares total)
• Wells Fargo & Co: $4,732,000 (167,944 shares total)
• General Electric Co: $4,745,000 (289,162 shares total)
• Johnson & Johnson: $4,332,000 (71,163 shares total)
• Microsoft Corp: $2,904,000 (112,967 shares total)

Note: The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for Tompkins Financial Corp itself, as Form 13F is strictly a disclosure of investment holdings.

Material Changes and Portfolio Composition

Self-Holding: The portfolio includes a significant position in the reporting company's own stock (Tompkins Financial Corp), valued at approximately $33.4 million, representing roughly 12.3% of the total reported portfolio value.
Sector Diversification: The portfolio is heavily weighted toward large-cap U.S. equities. Significant exposure exists in:

• Financials: Wells Fargo, J.P. Morgan Chase, Bank of America, Goldman Sachs.
• Technology: Microsoft, Intel, Hewlett-Packard, Cisco Systems, Oracle.
• Healthcare: Pfizer, Johnson & Johnson, Medtronic, Merck.
• Energy: Exxon Mobil, Chevron, Schlumberger.

ETF Exposure: The portfolio holds substantial positions in Exchange Traded Funds, including iShares MSCI EAFE Index ($34.8M), iShares Russell 2000 Growth Index ($10.6M), and Vanguard REIT ETF ($7.2M).

Guidance, Outlook, and Risks

Management Commentary: Form 13F filings do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this document. The filing is a statutory requirement for transparency regarding investment positions.
Unusual Items: The filing lists holdings with "Defined" voting authority (where the manager has discretion to vote) alongside "Sole" authority. There are no unusual items or derivatives (puts/calls) reported with significant principal amounts in the provided text.

Key Facts for Investor Verification

• Portfolio Concentration: Verify the impact of the large self-holding ($33.4M) on the reported total asset value and whether this reflects a buyback program or internal investment strategy.
• Valuation Basis: Confirm that the "Value" column represents the market value at the close of the reporting period (September 30, 2009) and not cost basis.
• Voting Rights: Note that while the firm holds over 6.5 million shares, it exercises sole voting authority on approximately 93% of them; the remaining shares are held with discretionary or no voting authority.
• Missing Financials: Investors seeking Tompkins Financial Corp's own operating performance (revenue, earnings, debt) must refer to the company's Form 10-Q or 10-K, as this 13F filing contains only asset holdings.