SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended September 30, 2016
Context: This filing discloses the equity securities held by Tompkins Financial Corp as a registered investment manager. The table lists holdings in domestic and international equities, exchange-traded funds (ETFs), and partnerships. It does not contain the company's own financial performance metrics (revenue, profit, etc.).
Key Financial Metrics and Holdings
The filing details the portfolio composition rather than corporate financials. Key metrics derived from the table include:
- Total Portfolio Value: The sum of all reported holdings (Column 4) exceeds $1.5 billion (approx. $1,540,000,000 based on reported values in thousands).
- Largest Single Holding: Tompkins Financial Corp itself (Ticker: TFC), with a reported value of $465,844,000 (Sole Discretion) and $57,984,000 (Shared Discretion).
- Top External Holdings by Value:
- First Trust Exchange Traded Fund (Dorsey Wright): $573,704,000
- WisdomTree Trust (Europe Hedged Equity): $331,745,000
- Oppenheimer Rev Weighted ETF: $330,677,000
- PowerShares Global ETF Trust (Agg Pfd Port): $188,724,000
- Exelon Corp: $91,889,000
- Asset Class Mix: Significant allocation to ETFs (including low volatility, international, and sector-specific funds) alongside large-cap domestic equities (e.g., Apple, Microsoft, Pfizer, Exxon Mobil).
Material Changes and Voting Authority
Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority.
- Sole Discretion: The majority of holdings are managed with sole voting authority.
- Shared/None: Certain positions, such as AT&T, Alphabet, and Altria, show split voting authority or "None" (likely due to derivatives or specific fund structures).
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, guidance, or outlook.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The portfolio is exposed to market risks inherent in equity and ETF investments, including concentration risk in specific sectors (Financials, Technology, Healthcare) and international markets.
Investor Verification Checklist
- Self-Holding: Verify the significant position in Tompkins Financial Corp stock ($523.8M total value) to understand potential insider or management alignment.
- ETF Concentration: Review the heavy weighting in specific ETFs (First Trust Dorsey Wright, WisdomTree Europe) to understand the passive vs. active management strategy.
- Derivatives/Options: Note that some holdings (e.g., AT&T, Alphabet) have "Shared" or "None" voting authority, which may indicate the use of options or other derivatives not fully detailed in the equity count.
- Valuation Basis: Confirm that values are reported in thousands (Column 4) and represent the market value at the end of the quarter.