Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Tompkins Financial Corp to the U.S. Securities and Exchange Commission. The report covers the portfolio holdings as of the reporting period ending June 30, 2017. As a Form 13F, this document discloses the equity securities held by the investment manager but does not contain the company's own financial performance metrics (revenue, profit, cash flow) or operational commentary.
Key Financial Metrics and Portfolio Composition
The filing details the specific equity positions held by Tompkins Financial Corp. Key portfolio statistics include:
- Total Reported Value: The sum of the "Value" column (in thousands) across all listed securities represents the total market value of the reported holdings.
- Top Holdings by Value:
- Tompkins Financial Corp: $482,515 (Sole Discretion) + $15,792 (Discretionary/Other) = ~$498.3 million.
- Corning Inc: $143,659.
- Cisco Systems Inc: $103,255.
- Exxon Mobil Corp: $75,833.
- General Electric Co: $78,863.
- Asset Classes: The portfolio consists primarily of domestic and international equities, Exchange Traded Funds (ETFs), and a small number of partnership interests.
- Voting Authority: The majority of holdings are reported under "Sole" voting authority, with some positions under "Shared" or "None" (typically associated with ETFs or specific fund structures).
Material Changes Versus Prior Period
Not Applicable: This filing is a snapshot of holdings as of June 30, 2017. The provided text does not contain the prior quarter's (March 31, 2017) data, nor does it explicitly list net purchases or sales for the period. Therefore, material changes in position size cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Not Applicable: Form 13F filings are regulatory disclosures of holdings and do not include management guidance, future outlook, risk factors, or commentary on contingencies. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy.
Important Facts for Investor Verification
- Significant Self-Holding: Tompkins Financial Corp holds a substantial position in its own stock (~$498 million), which may indicate share buyback programs or internal treasury management.
- Concentration Risk: The portfolio shows significant concentration in large-cap technology and industrial stocks (e.g., Corning, Cisco, GE, Exxon) and broad market ETFs (e.g., iShares, Vanguard).
- Discretionary Authority: Most positions are held with "Sole" voting authority, indicating direct control over these specific assets, though some are held in funds where authority is shared or none.
- Data Limitations: Investors should note that this document lists only equity securities; it does not disclose debt holdings, derivatives, or cash positions held by the company.