SEC Filing Summary: Tompkins Financial Corp (13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Tompkins Financial Corp for the reporting period ending June 30, 2009. As a registered investment adviser, Tompkins Financial Corp reports its holdings in equity securities. The filing details the portfolio composition, including the number of shares held, the value of those holdings, and the nature of voting authority (Sole, Shared, or None) for each position.
Key Financial Metrics
The filing provides aggregate data for the portfolio as of the reporting date:
- Total Portfolio Value: $245,226,000 (Reported as 245,226 in thousands).
- Total Shares Held: 6,484,377 shares.
- Voting Authority Breakdown:
- Sole Authority: 6,039,891 shares.
- Shared Authority: 0 shares.
- No Authority: 444,486 shares.
- Top Holdings by Value:
- Tompkins Financial Corp: $37,402,000 (780,022 shares total).
- Wells Fargo & Co: $3,932,000 (162,134 shares total).
- Exxon Mobil Corp: $7,804,000 (111,645 shares total).
- General Electric Co: $3,456,000 (294,892 shares total).
- Microsoft Corp: $2,927,000 (123,128 shares total).
Material Changes
Not Applicable. Form 13F filings are quarterly snapshots of holdings. This document does not contain comparative data against the prior quarter (March 31, 2009) or year-over-year financial performance metrics (revenue, profit, cash flow) for Tompkins Financial Corp itself. It only lists the current state of the investment portfolio.
Guidance, Outlook, and Risks
Not Applicable. This filing type does not include management commentary, forward-looking guidance, risk factors, or contingency plans. It is a regulatory disclosure of asset ownership.
Investor Verification Checklist
- Self-Holding Concentration: Verify the significant position in Tompkins Financial Corp stock itself ($37.4M), which represents approximately 15% of the total reported portfolio value.
- Financial Sector Exposure: Note the heavy weighting in financial institutions, including Wells Fargo, Bank of America, J.P. Morgan Chase, and Goldman Sachs, which may indicate sector-specific risk exposure.
- Voting Rights: Confirm that the vast majority of holdings (approx. 93%) are held with "Sole" voting authority, indicating direct control over these positions.
- ETF Holdings: Review the significant allocation to index funds (e.g., iShares MSCI EAFE, iShares S&P MidCap 400) which constitute a large portion of the share count but vary in value.