SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended December 31, 2015
Context: This filing discloses the equity securities held by Tompkins Financial Corp at the end of the reporting period. As a Form 13F, it details holdings of institutional investment managers and does not contain the company's own financial performance metrics (revenue, profit, cash flow).
Key Financial Metrics and Holdings
The filing lists specific equity positions rather than aggregate financial statements. Key data points include:
- Total Portfolio Value: The filing lists individual security values in thousands of dollars (Column 4). The aggregate value is not explicitly summed in the text, but the portfolio consists of hundreds of individual positions.
- Largest Single Position: Tompkins Financial Corp (Ticker: TPK) with a reported value of $28,039,000 (499,353 shares) under sole voting authority.
- Top Holdings by Value (Selected):
- Microsoft Corp: $5,815,000
- Exxon Mobil Corp: $6,142,000
- General Electric Co: $3,448,000
- Johnson & Johnson: $4,487,000
- Verizon Communications Inc: $3,802,000
- Wells Fargo & Co: $2,391,000
- Asset Classes: The portfolio includes common stocks, exchange-traded funds (ETFs), and warrants. Significant allocations are made to broad market ETFs (e.g., iShares Core S&P Mid-Cap ETF, WisdomTree Europe Hedged Equity).
Material Changes and Voting Authority
Voting Authority Breakdown: The filing distinguishes between "Sole," "Shared," and "Discretionary" (DFND) voting authority.
- Sole Authority: The majority of positions, including the largest holding in Tompkins Financial Corp itself, are held with sole voting authority.
- Shared Authority: Several large positions, such as Accenture PLC, Alphabet Inc (Class A), and Apple Inc, have a portion of shares with shared voting authority.
- Discretionary (DFND): Many positions are held with discretionary authority, indicating the manager may not have direct voting control over those specific shares.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F filings are statutory disclosures of holdings and do not contain management discussion, guidance, or outlook regarding the reporting company's future performance.
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 risk factors or contingencies related to Tompkins Financial Corp's operations are disclosed in this document.
Investor Verification Checklist
- Self-Holding: Verify the significant position in Tompkins Financial Corp stock ($28M value) to understand insider or institutional concentration.
- Portfolio Concentration: Review the top 10 holdings to assess sector exposure (notably heavy weighting in Technology, Healthcare, and Energy).
- ETF Exposure: Confirm the specific ETFs held (e.g., WisdomTree, iShares) to understand passive market exposure versus active stock picking.
- Voting Rights: Note the split between Sole and Shared voting authority for major holdings, which may impact corporate governance influence.
- Comparison: Compare this list against the Q3 2015 13F filing to identify new entries or exits, as this document does not provide a comparative table.