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 December 31, 2020
Context: This filing discloses the equity securities held by Tompkins Financial Corp at the end of the reporting period. As a Form 13F, it details investment positions, voting authority, and share counts but does not contain operational financial statements (revenue, profit, cash flow) for Tompkins Financial Corp itself.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio of equity securities, including U.S. large-cap, mid-cap, and small-cap equities, as well as non-U.S. developed and emerging market equities. The portfolio also includes Exchange Traded Funds (ETFs) and fixed-income related securities.
- Top Holdings by Share Count (Sole Discretion):
- General Electric Co: 732,881 shares
- Microsoft Corp: 324,822 shares
- Apple Computer Inc: 197,794 shares
- Intel Corp: 188,367 shares
- JP Morgan Chase & Co: 224,161 shares
- Top Holdings by Value (Sole Discretion):
- Apple Computer Inc: $51,174,000
- Microsoft Corp: $52,469,000
- General Electric Co: $5,866,000
- Amazon.com Inc: $34,873,000
- Alphabet Inc (Class C): $21,301,000
- Asset Classes: The portfolio includes significant exposure to Technology (Microsoft, Apple, Intel), Financials (JPMorgan, Bank of America), Healthcare (Johnson & Johnson, Pfizer), and Consumer Staples (Procter & Gamble, Coca-Cola).
- Voting Authority: The majority of holdings are reported under "Sole" voting authority. A portion of holdings are reported under "Discretionary" (DFND) authority, indicating shared or managed discretion.
Material Changes and Observations
Note on Comparability: This filing represents a snapshot of holdings as of December 31, 2020. The provided text does not contain data for the prior comparable period (September 30, 2020); therefore, specific material changes in position size or value cannot be calculated from this document alone.
Portfolio Characteristics:
- Concentration: Significant concentration in large-cap U.S. equities and broad market ETFs (e.g., iShares S&P 500, Vanguard Total Bond Market).
- Derivatives: The filing includes holdings in warrants (e.g., Bristol-Myers Squibb) and preferred stocks, indicating a multi-asset strategy.
- International Exposure: Notable positions in non-U.S. equities including Royal Dutch Shell, Novartis, and various ADRs (American Depositary Receipts).
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies:
- Market Risk: The portfolio is heavily weighted toward public equities, exposing the firm to general market volatility.
- Concentration Risk: Significant exposure to specific sectors (Technology, Financials) and individual issuers (e.g., Microsoft, Apple, General Electric).
- Liquidity: While most holdings are liquid public equities, some smaller-cap positions may have lower liquidity.
Important Facts for Investor Verification
- Holdings vs. Operations: Verify that this document reflects investment holdings managed by Tompkins Financial Corp, not the operating financial results of the bank itself.
- Valuation: The "Value" column represents the approximate market value of the securities at the end of the quarter; it does not reflect the cost basis or unrealized gains/losses.
- Voting Rights: Note the distinction between "Sole" and "Discretionary" (DFND) voting authority, which may indicate assets managed on behalf of clients or in separate accounts.
- Missing Data: This filing does not provide data on Tompkins Financial Corp's own revenue, net income, loan portfolio, or liquidity ratios. Those metrics would be found in the company's 10-K or 10-Q filings.