Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F-HR (Quarterly Report of Holdings)
Reporting Period: Ended September 30, 2010
Context: This filing discloses the equity securities held by Tompkins Financial Corp, a registered investment adviser. The report details holdings managed with sole, shared, or discretionary authority.
Key Financial Metrics
Total Portfolio Value: $207,799,000 (Reported in thousands)
Total Shares Held: 4,836,261
Shares with Sole Voting Authority: 4,326,198
Shares with Discretionary Authority: 510,063
Shares with No Voting Authority: 17
Note: As a Form 13F filing, this document reports asset holdings and does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics for Tompkins Financial Corp itself.
Top Holdings by Value
| Issuer | Value ($000s) | Shares | Voting Authority |
|---|---|---|---|
| General Electric Co | 3,773 | 232,156 | Sole/Defined |
| International Business Machines | 5,178 | 38,601 | Sole/Defined |
| Procter & Gamble Co | 3,189 | 53,190 | Sole/Defined |
| Johnson & Johnson | 3,414 | 55,114 | Sole/Defined |
| Exxon Mobil Corp | 6,049 | 97,909 | Sole/Defined |
| Microsoft Corp | 1,902 | 77,711 | Sole/Defined |
| Wells Fargo & Co | 2,141 | 85,259 | Sole/Defined |
| Tompkins Financial Corp (Self) | 22,904 | 577,645 | Sole/Defined |
Material Changes
The filing text provided contains only the snapshot of holdings as of September 30, 2010. It does not include comparative data from the prior quarter (June 30, 2010). Therefore, material changes in position size, new acquisitions, or divestitures cannot be determined from this document alone.
Guidance, Outlook, and Risks
Guidance and Outlook: Not applicable. Form 13F filings are regulatory disclosures of past holdings and do not contain forward-looking guidance, management commentary, or earnings outlooks.
Risks and Contingencies: Not applicable. This filing does not disclose operational risks, legal contingencies, or unusual items.
Unusual Items: The portfolio includes a significant position in the reporting company's own stock (Tompkins Financial Corp), valued at approximately $22.9 million, representing roughly 11% of the total reported portfolio value.
Investor Verification Checklist
- Self-Holding: Verify the strategic intent behind the $22.9 million holding of Tompkins Financial Corp stock within its own reported portfolio.
- Concentration Risk: Assess the concentration in large-cap industrial and consumer staples (e.g., Exxon Mobil, Procter & Gamble, General Electric) which dominate the top holdings.
- Voting Control: Note that the majority of shares (approx. 89%) are held with "Sole" voting authority, indicating direct control over these positions.
- Missing Financials: Confirm that this document is not a substitute for the company's 10-Q or 10-K filings, which are required to assess the company's actual financial health, revenue, and debt levels.