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 December 30, 2000. As a 13F filing, this document discloses the investment manager's long positions in U.S. equity securities, detailing the number of shares held, the value of those holdings, and the nature of voting authority (Sole, Shared, or None).
Key Financial Metrics
The filing provides aggregate portfolio data rather than corporate financial performance metrics (revenue, profit, cash flow) for Tompkins Financial Corp itself. The key portfolio metrics are:
- Total Portfolio Value: $281,858,000 (reported in thousands).
- Total Shares Held: 6,987,401 shares.
- Shares with Sole Voting Authority: 6,545,317 shares.
- Shares with Shared Voting Authority: 18,000 shares.
- Shares with No Voting Authority: 424,084 shares.
Material Changes and Portfolio Composition
The filing lists holdings across various sectors, with significant concentration in technology, telecommunications, healthcare, and consumer staples. Notable positions include:
- Technology: Sun Microsystems ($64.5M), Intel ($49.9M), Microsoft ($17.6M), and Cisco Systems ($22.1M).
- Telecommunications: SBC Communications ($61.2M), Verizon Communications ($15.9M), and AT&T ($26.4M).
- Healthcare/Pharma: Pfizer ($63.9M), Merck ($72.8M), and Johnson & Johnson ($51.9M).
- Consumer: Wal-Mart Stores ($42.3M), PepsiCo ($30.1M), and Procter & Gamble ($15.8M).
- Self-Holding: The firm holds a significant position in its own affiliate, Tompkins Trust Co Inc, valued at approximately $29.8M (Sole) and $2.1M (Defined).
Note: As this is a snapshot of holdings, specific material changes versus the prior period cannot be calculated without the previous filing data.
Guidance, Outlook, and Risks
Guidance and Outlook: Form 13F filings are historical disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing does not disclose specific risk factors or contingencies. However, the portfolio composition reflects exposure to the technology and telecommunications sectors, which were subject to significant market volatility during the 2000-2001 period.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the top 10 holdings, which appear to represent a substantial portion of the $281.8M total portfolio value.
- Voting Control: Note that the vast majority of shares (approx. 93.7%) are held with "Sole" voting authority, indicating direct control over voting decisions for those positions.
- Self-Ownership: Confirm the size of the holding in Tompkins Trust Co Inc relative to the total portfolio, as this represents a significant internal investment.
- Derivatives: The filing indicates "None" for Put/Call options in the grand totals, suggesting the reported value is primarily long equity positions without significant hedging via options.