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, 2004
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 2004. The report details holdings across various sectors, including financials, technology, healthcare, and consumer staples.
Key Financial Metrics
Total Portfolio Value: $305,822,000 (Reported in thousands)
Total Shares Held: 7,788,481
Voting Authority Breakdown:
- Sole Discretion: 7,178,407 shares
- Shared Discretion: 0 shares
- None (Defined/Other): 610,074 shares
Top 5 Holdings by Value:
- Tompkins Trustco Inc: $37,960,000 (820,054 shares)
- General Electric Co: $11,975,000 (356,721 shares)
- Exxon Mobil Corp: $11,376,000 (235,384 shares)
- Johnson & Johnson: $7,509,000 (133,315 shares)
- Microsoft Corp: $4,881,000 (176,605 shares)
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 a disclosure of holdings, not a financial performance statement.
Material Changes and Portfolio Composition
The filing lists holdings as of a single point in time (September 30, 2004) and does not provide comparative data against the prior quarter (June 30, 2004) to calculate material changes in position size or value. However, the portfolio composition reveals a heavy concentration in large-cap U.S. equities. Notable holdings include significant positions in financial institutions (Citigroup, Bank of America, Wells Fargo), technology giants (Intel, Cisco, Dell), and healthcare leaders (Pfizer, Merck, Medtronic).
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing does not disclose specific risks or contingencies. The "Other Voting Authority" column indicates that for certain positions (e.g., Seagate Technology, Aetna Inc, Amazon.com), the firm holds shares where voting authority is "None," suggesting these may be held in defined benefit plans or other structures where the firm does not exercise direct voting control.
Investor Verification Checklist
- Concentration Risk: Verify the impact of the largest holding, Tompkins Trustco Inc ($37.96M), which represents approximately 12.4% of the total reported portfolio value.
- Voting Rights: Confirm the nature of the 610,074 shares held with "None" voting authority to understand if these are held in client accounts or specific trust structures.
- Sector Exposure: Assess the portfolio's exposure to the financial sector, which includes significant positions in Citigroup, Bank of America, and American Express, given the economic climate of late 2004.
- Valuation Basis: Note that values are reported in thousands and represent the market value at the end of the quarter; verify current market prices for accurate present-day valuation.