SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: Quarter ended March 31, 2016
Context: This filing discloses the equity securities held by Tompkins Financial Corp as a registered investment manager. It is a regulatory disclosure of portfolio composition, not a financial performance report of the company's own operations.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists holdings in equities, exchange-traded funds (ETFs), and international securities. Specific financial metrics such as revenue, profit, cash flow, or debt for Tompkins Financial Corp are not provided in this document.
- Top Holdings by Value (Selected):
- First Trust Exchange Traded Fund (Dorsey Wright 5 ETF): $12,120,000 (560,884 shares)
- WisdomTree Europe Hedged Equity Fund: $15,807,000 (304,520 shares)
- Ishares USA Min Vol ETF: $18,228,000 (414,952 shares)
- Vanguard Index Funds Value ETF: $10,378,000 (125,990 shares)
- Microsoft Corp: $5,696,000 (103,154 shares)
- Exxon Mobil Corp: $6,551,000 (78,367 shares)
- General Electric Co: $3,406,000 (107,154 shares)
- Verizon Communications Inc: $4,350,000 (80,437 shares)
- Self-Holding: Tompkins Financial Corp holds 475,020 shares of its own stock (Tompkins Financial Corp) valued at $30,401,000.
- Investment Authority: The majority of holdings are reported under "Sole" voting authority, with a portion under "Discretionary" (DFND) authority.
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of March 31, 2016. It does not include data from the prior quarter (December 31, 2015) or year-over-year comparisons. Therefore, material changes in position size or portfolio strategy cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are factual disclosures of holdings and do not contain management discussion, financial guidance, or forward-looking statements regarding the company's own business 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 operational risks or contingencies for Tompkins Financial Corp are detailed in this table.
Key Facts for Investor Verification
- Document Limitation: This is a portfolio disclosure (13F), not an earnings report (10-Q/10-K). It does not contain Tompkins Financial Corp's revenue, earnings, or balance sheet data.
- Significant ETF Exposure: The portfolio shows heavy allocation to passive index funds and ETFs (e.g., WisdomTree, iShares, Vanguard, First Trust), suggesting a significant portion of managed assets may be in passive strategies.
- Concentration in Own Stock: The firm holds a substantial position in its own common stock ($30.4M), which is a common practice for bank holding companies but should be noted for insider ownership analysis.
- Top Sector Exposure: Based on the listed top holdings, the portfolio has significant exposure to Technology (Microsoft, Intel, Cisco), Energy (Exxon, Chevron), and Financials (JPMorgan, Wells Fargo, Bank of America).
- Voting Rights: Investors should note the split between "Sole" and "Discretionary" voting authority, which indicates how much control the manager exercises over the voting of these shares.