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, 2005
Context: This filing discloses the equity securities held by Tompkins Financial Corp, a registered investment adviser, as of the end of the third quarter of 2005. The report details holdings across various sectors, including financials, technology, healthcare, and energy.
Key Financial Metrics
Total Portfolio Value: $308,176,000 (Reported in thousands)
Total Shares Held: 7,608,596
Voting Authority Breakdown:
- Sole Discretion: 7,021,440 shares
- Shared Discretion: 0 shares
- None (Defined/Other): 587,156 shares
- Tompkins Trustco Inc: $45,036,000 (987,645 shares)
- Exxon Mobil Corp: $16,810,000 (264,585 shares)
- General Electric Co: $12,083,000 (359,018 shares)
- Intel Corp: $6,420,000 (260,601 shares)
- Microsoft Corp: $5,458,000 (212,235 shares)
Note: The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics for Tompkins Financial Corp itself, as Form 13F is a disclosure of holdings, not a financial performance report.
Material Changes and Portfolio Composition
The portfolio is heavily concentrated in large-cap U.S. equities. A significant portion of the reported value ($45 million) is held in the filer's own subsidiary, Tompkins Trustco Inc. The remaining portfolio is diversified across major sectors:
- Financials: Significant positions in Citigroup, Bank of America, JPMorgan Chase, and Wells Fargo.
- Technology: Major holdings in Cisco Systems, Dell, Hewlett-Packard, and Oracle.
- Healthcare: Substantial positions in Johnson & Johnson, Pfizer, and UnitedHealth Group.
- Consumer Staples: Large stakes in Procter & Gamble, Coca-Cola, and Wal-Mart Stores.
Comparison to Prior Period: The provided text contains only the snapshot for the period ended September 30, 2005. It does not include data for the prior quarter (June 30, 2005); therefore, material changes in holdings cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing. The filing strictly lists securities held with sole, shared, or no voting authority.
Unusual Items: The filing lists several holdings with "Defined" voting authority (e.g., Seagate Technology, AES Corp, Amazon.com), indicating the manager does not have sole discretion over these specific positions. Additionally, the portfolio includes a small number of municipal bond funds (e.g., BlackRock, Van Kampen), which is less common for a standard equity 13F but permissible.
Key Facts for Investor Verification
- Self-Holding Concentration: Verify the impact of the $45 million holding in Tompkins Trustco Inc on the reported portfolio value and potential conflicts of interest.
- Voting Authority: Confirm the extent of "Defined" authority (approx. 7.7% of total shares) to understand the manager's actual control over the portfolio.
- Top Sector Exposure: Assess the portfolio's heavy weighting in Financials and Technology relative to the broader market at the time.
- Missing Financials: Acknowledge that this document does not reflect Tompkins Financial Corp's own profitability or liquidity status.
- Historical Context: Note that the data reflects market conditions as of late 2005, prior to the 2008 financial crisis.