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 December 31, 2004
This filing discloses the equity securities held by Tompkins Financial Corp as of the end of the fourth quarter of 2004. The report details holdings across various sectors, including financials, technology, healthcare, and consumer staples, categorized by voting authority (Sole, Shared, or None).
Key Financial Metrics
Total Portfolio Value: $329,348,000 (Reported in thousands)
Total Shares Held: 7,640,446
Shares with Sole Voting Authority: 7,026,202
Shares with No Voting Authority: 614,244
Top 5 Holdings by Value:
- Tompkins Trustco Inc: $47,496,000 (887,955 shares)
- General Electric Co: $14,568,000 (399,157 shares)
- Exxon Mobil Corp: $14,781,000 (288,441 shares)
- Johnson & Johnson: $10,009,000 (157,840 shares)
- Procter & Gamble Co: $5,844,000 (106,115 shares)
Note: The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for Tompkins Financial Corp, as Form 13F is a disclosure of holdings only.
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior period (September 30, 2004) to calculate material changes in holdings. However, the portfolio composition reveals a significant concentration in large-cap blue-chip equities. Notable holdings include substantial positions in major financial institutions (Bank of America, Citigroup, Wells Fargo), technology leaders (Microsoft, Intel, Cisco Systems), and healthcare giants (Pfizer, Merck, UnitedHealth Group).
The manager holds significant positions in its own affiliate, Tompkins Trustco Inc, representing approximately 14.4% of the total reported portfolio value.
Guidance, Outlook, and Risks
Guidance and Outlook: This filing type does not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this document. The "Other Discretionary Managers" column indicates that for certain holdings (e.g., Seagate Technology, Aetna Inc, Amazon.com), the manager does not have sole voting authority, implying shared control or discretionary management by third parties for those specific positions.
Key Facts for Investor Verification
- Self-Holding Concentration: Verify the strategic rationale for holding nearly $47.5 million in Tompkins Trustco Inc, which is a significant portion of the reported portfolio.
- Voting Authority Discrepancies: Review positions where voting authority is "None" (e.g., Seagate Technology, Aetna Inc, Amazon.com) to understand the nature of these holdings (e.g., derivatives, restricted stock, or managed accounts).
- Portfolio Turnover: Compare this list with the Q3 2004 13F filing to determine the actual turnover rate and trading activity during the fourth quarter.
- Valuation Basis: Confirm that the reported values ($329.3 million) reflect market value at period-end and not cost basis.