TMP

SEC Filing Summary: Form 13F-HR

Business Context and Reporting Period

Company: Tompkins Financial Corp
Filing Type: Form 13F-HR (Quarterly Report of Holdings)
Reporting Period: Ended March 31, 2004
Context: This filing discloses the equity securities held by Tompkins Financial Corp, a registered investment adviser, as of the end of the first quarter of 2004. The report details holdings across various sectors, including financials, technology, healthcare, and consumer staples.

Key Financial Metrics

Total Portfolio Value: $303,095,000 (Reported in thousands)
Total Shares Held: 7,539,508
Breakdown of Voting Authority:

• Sole Discretion: 6,952,198 shares
• Shared Discretion: 0 shares
• None (Defined/Other): 587,310 shares

Top 5 Holdings by Value:

1. Tompkins Trustco Inc: $35,961,000 (790,353 shares)
2. General Electric Co: $11,661,000 (382,100 shares)
3. Exxon Mobil Corp: $10,968,000 (263,723 shares)
4. Johnson & Johnson: $7,061,000 (139,219 shares)
5. International Business Machines (IBM): $6,796,000 (73,999 shares)

Debt and Liquidity: The filing text does not provide data on the company's debt, cash flow, or liquidity positions, as Form 13F reports only equity holdings.

Material Changes and Portfolio Composition

Significant Concentration: The portfolio is heavily concentrated in the reporting company's own affiliate, Tompkins Trustco Inc, which represents approximately 11.9% of the total reported value ($35.96M of $303.1M).
Sector Exposure: Significant allocations are present in:

• Financials: Citigroup, Bank of America, Wells Fargo, JP Morgan Chase.
• Technology: Microsoft, Intel, Cisco Systems, Oracle, Hewlett Packard.
• Healthcare: Pfizer, Merck, UnitedHealth Group, Medtronic.
• Energy: Exxon Mobil, ChevronTexaco, Royal Dutch Petroleum.

Comparison to Prior Period: The filing text does not provide comparative data for the prior quarter (December 31, 2003); therefore, material changes in holdings cannot be determined from this document alone.

Guidance, Risks, and Unusual Items

Management Commentary: Form 13F filings do not contain management commentary, forward-looking guidance, or risk factors.
Unusual Items: The filing lists holdings with "Defined" voting authority (e.g., Seagate Technology, Agera Systems, Amazon.com), indicating the manager does not have sole discretion over these specific positions. There are no reported short positions (Put/Call options) in the "Other Voting Authority" columns for the majority of holdings, though some entries show "None" voting authority.

Investor Verification Checklist

• Self-Holding Impact: Verify the strategic rationale for holding $35.96M in Tompkins Trustco Inc and its impact on portfolio diversification.
• Discretionary Authority: Review the 587,310 shares held with "None" voting authority to understand the extent of third-party managed or defined accounts within the portfolio.
• Concentration Risk: Assess the risk exposure to the top 10 holdings, which collectively represent a significant portion of the $303M portfolio.
• Historical Trends: Compare these holdings against the Q4 2003 13F filing to identify significant buy/sell activity in key sectors like Technology and Energy.