SEC Filing Summary: Tompkins Financial Corp (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Tompkins Financial Corp to the U.S. Securities and Exchange Commission. The report details the company's holdings of equity securities as of the reporting period ending September 30, 2023. As a Form 13F, this document discloses investment positions rather than the company's own operational financial performance.
Key Financial Metrics and Portfolio Composition
The filing lists numerous equity holdings, including common stocks and exchange-traded funds (ETFs). Key metrics provided for each position include the number of shares held and the approximate value of the investment. The table distinguishes between voting authority held Solely, Shared, or None, and identifies whether the manager has Sole or Discretionary authority over the account.
- Top Holdings by Value (Selected Examples):
- Apple Inc: 188,107 shares (Sole) + 23,693 shares (Discretionary); Total Value approx. $36.2M.
- Microsoft Corp: 85,324 shares (Sole) + 27,322 shares (Discretionary); Total Value approx. $35.5M.
- Amazon.com Inc: 66,059 shares (Sole) + 3,244 shares (Discretionary); Total Value approx. $9.0M.
- Alphabet Inc (Class A): 66,730 shares (Sole) + 4,640 shares (Discretionary); Total Value approx. $7.3M.
- Tompkins Financial Corp (Own Stock): 448,241 shares (Sole) + 714,471 shares (Discretionary); Total Value approx. $56.9M.
- ETF Exposure: Significant holdings in BlackRock (iShares), Vanguard, and State Street (SPDR) ETFs covering S&P 500, Total Stock Market, and various sector-specific indices.
Material Changes and Portfolio Activity
The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F filings are snapshots of holdings at a specific date and do not inherently contain comparative data or percentage changes from the previous quarter within the text provided. Analysis of changes would require comparing this table against the prior quarter's filing.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. Form 13F is a regulatory disclosure of holdings and does not include forward-looking statements or qualitative management discussion found in 10-Q or 10-K reports.
Important Facts for Investor Verification
- Significant Concentration in Own Stock: Tompkins Financial Corp holds a substantial position in its own common stock (approx. $56.9M combined), split between Sole and Discretionary accounts.
- Diversification Strategy: The portfolio is heavily diversified across large-cap technology (Apple, Microsoft, Alphabet), financials (JPMorgan, Bank of America), and healthcare (Johnson & Johnson, UnitedHealth), alongside broad market ETFs.
- Voting Authority: The company exercises voting rights on a mix of Sole and Shared authority, with many positions listed as "None" for voting authority, likely indicating positions held in client accounts where the manager does not vote.
- Data Limitation: Investors should note that this document lists holdings only; it does not reflect the company's own revenue, profit, or liquidity status.