Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Tompkins Financial Corp for the reporting period ending December 31, 2019. The document discloses the company's holdings of equity securities and exchange-traded funds (ETFs) as required by the Securities and Exchange Commission. It does not contain financial performance data for Tompkins Financial Corp itself, but rather details its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing lists specific holdings by issuer, class, CUSIP, value (in thousands), and share/principal amount. Key portfolio characteristics include:
- Asset Classes: The portfolio consists primarily of common equities and a significant allocation to Exchange Traded Funds (ETFs) covering large-cap, small-cap, international, and bond sectors.
- Top Equity Holdings (by Value):
- Goldman Sachs ETF Tr ActiveBeta Int: $26,754,000 (945,721 shares)
- Apple Inc: $14,727,000 (65,755 shares)
- Microsoft Corp: $14,672,000 (105,533 shares)
- Exxon Mobil Corp: $6,451,000 (91,365 shares)
- JPMorgan Chase & Co: $6,453,000 (54,830 shares)
- Top ETF Holdings (by Value):
- Goldman Sachs ETF Tr ActiveBeta Int: $26,754,000
- Invesco Exchng Traded Fd Tr S&P 500 Revenue: $21,826,000
- Ishares Tr MSCI Min Vol ETF: $21,784,000
- Ishares Inc Core MSCI EMKT: $15,763,000
- Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. For example, Tompkins Financial Corp held sole voting authority for 440,905 shares of its own stock (Tompkins Financial Corp) and 99,313 shares of Microsoft Corp.
Material Changes Versus Prior Period
The filing text does not provide a clear value for material changes compared to the prior comparable period. Form 13F filings are snapshots of holdings at a specific date and do not inherently include comparative analysis or percentage changes from the previous quarter within the text provided.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. This document is a regulatory disclosure of holdings and does not contain forward-looking statements or qualitative management discussion.
Important Facts for Investor Verification
- Self-Holding: Tompkins Financial Corp holds a significant position in its own stock (463,729 shares valued at $37,622,000), with sole voting authority over 440,905 shares.
- Concentration in ETFs: A substantial portion of the reported value is held in ETFs, particularly those managed by Goldman Sachs, Invesco, and iShares, indicating a diversified passive investment strategy alongside active equity picks.
- Discretionary Authority: The filing indicates "Sole" discretion for the majority of large positions, while smaller positions (e.g., 2U Inc, 3M Co) are marked as "DFND" (Discretionary/Defined), suggesting different management structures for specific accounts.
- Valuation Basis: All monetary values are reported in thousands (e.g., 14,727 represents $14,727,000).