SEC Filing Summary: Tompkins Financial Corp (13F-HR)
Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of Tompkins Financial Corp as of the period ending June 30, 2007. As a 13F filing, this document discloses the investment manager's long positions in U.S. equity securities and does not contain operational financial statements (revenue, profit, cash flow) for Tompkins Financial Corp itself.
Portfolio Composition and Key Metrics
The filing details a diversified portfolio of equity securities. Key aggregate metrics for the reporting period are:
- Total Portfolio Value: Approximately $329,145,000 (reported in thousands).
- Total Shares Held: 6,772,835 shares.
- Voting Authority Breakdown:
- Sole Discretion: 6,163,497 shares.
- Shared Discretion: 0 shares.
- None (Discretionary/Defined): 609,338 shares.
- Top Holdings by Value (Selected):
- Tompkins Financial Corp: $36,385,000 (973,140 shares).
- Exxon Mobil Corp: $12,590,000 (150,098 shares).
- General Electric Co: $9,534,000 (249,139 shares).
- Microsoft Corp: $4,511,000 (153,128 shares).
- United Technologies Corp: $4,292,000 (60,524 shares).
Material Changes and Portfolio Activity
The filing lists holdings as of the period end. It does not provide a comparative table against the prior quarter (March 31, 2007) to explicitly quantify net purchases or sales. However, the presence of significant positions in energy (Exxon Mobil, Chevron), technology (Microsoft, Intel, Cisco), and financials (Wells Fargo, J.P. Morgan) indicates a broad market exposure strategy. The filing includes both "Sole" and "Defined" voting authority, suggesting the management of multiple accounts or funds.
Guidance, Risks, and Contingencies
Guidance and Outlook: Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, earnings outlooks, or management commentary regarding future performance.
Risks and Contingencies: This document does not disclose specific risk factors or legal contingencies. The primary risk inherent in the portfolio is market exposure across various sectors, including significant concentrations in large-cap industrial and technology firms.
Key Facts for Investor Verification
- Self-Holding: Tompkins Financial Corp holds a significant position in its own stock ($36.4 million), representing a substantial portion of the reported portfolio value.
- Concentration Risk: The top 10 holdings (including Exxon, GE, Microsoft, United Technologies, Pfizer, Procter & Gamble, and Wells Fargo) represent a large percentage of the total portfolio value.
- Reporting Limitations: Investors should note that this filing only covers long positions in equity securities. It does not disclose short positions, derivatives, or non-equity assets (such as bonds or cash equivalents).
- Valuation Basis: The "Value" column represents the approximate market value at the end of the quarter, not the cost basis.