SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Ended September 30, 2018
Context: This filing discloses the equity securities held by Tompkins Financial Corp as a registered investment manager. It details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio of equities, exchange-traded funds (ETFs), and international securities. Specific aggregate portfolio value is not explicitly stated as a single total in the text, but individual holdings are valued in thousands of dollars.
- Top Holdings by Value (Selected):
- Oppenheimer ETF Tr S&P 500 Revenue: $364,724 (Sole Discretion)
- Ishares Tr Min Vol Eafe ETF: $455,750 (Sole Discretion)
- Ishares Tr Min Vol USA ETF: $313,714 (Sole Discretion)
- Ishares Inc Core Msci Emkt: $292,351 (Sole Discretion)
- Vanguard Intl Equity Index Fd (FTSE Europe): $356,258 (Sole Discretion)
- Tompkins Financial Corp (Own Stock): $465,920 (Sole Discretion)
- Significant Equity Positions:
- Microsoft Corp: $105,573
- Cisco Sys Inc: $118,827
- Apple Inc: $62,992
- Exxon Mobil Corp: $82,056
- Verizon Communications Inc: $79,237
- Voting Authority: The majority of holdings are reported under "Sole" voting authority. A portion of holdings are reported under "Shared" or "None" authority, often associated with specific ETF structures or shared management arrangements.
Material Changes and Observations
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of September 30, 2018. It does not include the prior quarter's data (June 30, 2018) within the text body, preventing a direct calculation of material changes (additions or deletions) in this summary.
Notable Holdings: The portfolio includes a significant position in the company's own stock (Tompkins Financial Corp), valued at approximately $465.9 million, with 441,939 shares held under sole discretion and 5,268 shares under shared discretion.
Guidance, Risks, and Contingencies
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific operational risks, legal contingencies, or unusual items are disclosed in this format.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to assess the weight of the top 10 holdings relative to the total assets under management.
- Own Stock Position: Confirm the rationale and size of the $465.9 million position in Tompkins Financial Corp stock relative to the company's total float.
- ETF Exposure: Analyze the heavy weighting in low-volatility and international ETFs (e.g., iShares Min Vol EAFE/USA, Vanguard FTSE Europe) to understand the risk profile of the managed assets.
- Voting Rights: Review the "Shared" and "None" voting authority columns to understand the extent of third-party influence on specific holdings.
- Quarterly Changes: Compare this filing against the Q2 2018 Form 13F to identify specific trades executed during the third quarter.