Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Tompkins Financial Corp for the reporting period ended March 31, 2009. As a 13F filing, this document discloses the equity securities held by the company's investment managers at the end of the quarter. It does not contain the company's own operating results, revenue, or balance sheet data.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of equity securities with the following aggregate values (in thousands):
- Total Portfolio Value: $212,447,000
- Total Shares Held: 6,399,982
- Shares with Sole Voting Authority: 5,951,383
- Shares with Discretionary/Shared Authority: 448,599
The portfolio is heavily weighted toward large-cap U.S. equities and Exchange Traded Funds (ETFs). The top holdings by value include:
- Tompkins Financial Corp (Own Stock): $33,928,000 (789,020 shares)
- Exxon Mobil Corp: $8,105,000 (119,019 shares)
- General Electric Co: $2,421,000 (239,478 shares)
- Johnson & Johnson: $3,501,000 (66,581 shares)
- Microsoft Corp: $2,415,000 (131,529 shares)
- Procter & Gamble Co: $3,029,000 (64,329 shares)
- Wells Fargo & Co: $1,040,000 (72,998 shares)
- Verizon Communications: $1,724,000 (57,101 shares)
- Walmart Stores Inc: $2,464,000 (47,297 shares)
- International Business Machines (IBM): $3,478,000 (35,891 shares)
Significant allocations were also made to ETFs, including iShares MSCI EAFE Index Fund ($25,776,000) and iShares Russell 2000 Growth Index Fund ($7,577,000).
Material Changes Versus Prior Period
The filing text does not provide a clear value for the prior comparable period (December 31, 2008). Consequently, specific material changes in holdings, buy/sell activity, or portfolio turnover cannot be calculated from this document alone.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management commentary, future guidance, or specific risk factors. Form 13F filings are strictly regulatory disclosures of holdings and do not contain narrative sections regarding company outlook or contingencies.
Important Facts for Investor Verification
- Significant Self-Holding: Tompkins Financial Corp holds a substantial position in its own stock ($33.9 million), representing approximately 16% of the total reported portfolio value.
- Concentration in Financials: The portfolio includes significant exposure to major financial institutions (Wells Fargo, Bank of America, J.P. Morgan, Goldman Sachs), which may correlate with the company's own sector risks.
- ETF Exposure: A large portion of the portfolio is invested in broad market and international ETFs, suggesting a passive or diversified strategy alongside active stock picking.
- Reporting Limitations: This document reflects holdings as of March 31, 2009, and does not reflect the company's operational performance, debt levels, or cash flow for that period.