SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended September 30, 2015
Context: This filing discloses the equity securities held by Tompkins Financial Corp as a registered investment manager. It details the specific stocks, ETFs, and other equity instruments owned, along with the voting authority held for each position. The filing does not contain financial performance data (revenue, profit, cash flow) for Tompkins Financial Corp itself.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings rather than aggregate financial metrics. Key portfolio characteristics include:
- Asset Class: Primarily U.S. and International Equities and Exchange Traded Funds (ETFs).
- Top Holdings by Value (Selected):
- Tompkins Financial Corp: 546,021 shares (Sole: 446,759; Discretionary: 41,445). Value: $29,136,000.
- WisdomTree Tr Europe Hedged Eq: 463,909 shares. Value: $25,298,000.
- First Tr Exchange Traded Fd Dorsey Wrt 5 ETF: 561,066 shares. Value: $12,255,000.
- General Electric Co: 119,764 shares. Value: $2,962,000.
- Microsoft Corp: 112,394 shares. Value: $4,835,000.
- Exxon Mobil Corp: 83,733 shares. Value: $5,911,000.
- Voting Authority: The manager holds "Sole" voting authority for the majority of positions. "Shared" or "None" authority is noted for specific holdings (e.g., Berkshire Hathaway, Activision Blizzard).
Material Changes and Portfolio Activity
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of September 30, 2015. It does not include the prior quarter's data or a summary of net purchases/sales. Therefore, material changes versus the prior comparable period cannot be determined from this text alone.
Notable Observations:
- The portfolio includes a significant position in the reporting company's own stock (Tompkins Financial Corp).
- There is a heavy allocation to passive vehicles, including multiple iShares, Vanguard, and WisdomTree ETFs covering S&P 500, International, and Sector-specific indices.
- Significant exposure to large-cap U.S. industrials, technology, healthcare, and financials (e.g., Pfizer, Johnson & Johnson, JPMorgan Chase, Wells Fargo).
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 or completeness. No specific risk factors or contingencies regarding the portfolio are disclosed in this format.
Investor Verification Checklist
- Concentration Risk: Verify the percentage of the total portfolio represented by the top 10 holdings, particularly the large position in Tompkins Financial Corp itself.
- ETF Overlap: Analyze the underlying holdings of the numerous ETFs (e.g., iShares, WisdomTree) to determine if there is unintended concentration in specific sectors or individual stocks.
- Voting Rights: Confirm the extent of "Sole" versus "Shared" voting authority to understand the manager's actual control over the reported assets.
- Turnover: Compare this filing with the Q2 2015 13F filing to calculate portfolio turnover and identify significant entry or exit strategies.
- Valuation: Note that the "Value" column is in thousands; ensure calculations for total portfolio value account for this scaling.