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 December 31, 2022
Context: This filing discloses the equity securities held by Tompkins Financial Corp as of the end of the fourth quarter of 2022. It details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics and Holdings
Portfolio Composition: The filing lists a diversified portfolio of common stocks, exchange-traded funds (ETFs), and closed-end funds. Holdings are categorized by voting authority: "Sole," "Shared," or "Discretionary" (DFND).
Notable Holdings (by Value):
- Tompkins Financial Corp (Self-Holding): Significant holdings in its own stock (727,860 shares discretionary; 456,710 shares sole).
- WisdomTree Asset Management Inc: Large position in "EM EX ST-OWNED" ETF (636,650 shares sole).
- Apple Inc: 193,641 shares sole; 25,593 shares discretionary.
- Microsoft Corp: 89,818 shares sole; 29,006 shares discretionary.
- Verizon Communications: 167,090 shares sole; 18,547 shares discretionary.
- Amazon.com Inc: 54,734 shares sole; 3,244 shares discretionary.
- Alphabet Inc (Class A): 65,151 shares sole; 4,780 shares discretionary.
- BlackRock Fund Advisors (ESG AWR MSCI EM): 91,686 shares sole.
- BlackRock Fund Advisors (IBONDS DEC23 ETF): 98,920 shares discretionary.
Financial Metrics: The filing provides the value of holdings in dollars (Column 5) and share counts (Column 6). It does not provide aggregate revenue, profit, cash flow, or debt metrics for Tompkins Financial Corp itself, as Form 13F is a disclosure of assets held, not a financial statement of the filer's operations.
Material Changes
Comparison: This filing is a snapshot of holdings as of December 31, 2022. The provided text does not contain data for the prior comparable period (September 30, 2022) or a summary of changes (purchases/sales) between periods. Therefore, material changes in portfolio composition cannot be determined from this text alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F is a regulatory disclosure of holdings and does not include management discussion, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer: "The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete."
Unusual Items: The portfolio includes a mix of large-cap equities, sector-specific ETFs (e.g., Robotics, Clean Energy, Gold Miners), and significant holdings in its own stock, which is typical for a financial institution managing its own capital or employee benefit plans.
Important Facts for Investor Verification
- Self-Holding: Verify the purpose and size of the 1.18 million+ shares of Tompkins Financial Corp stock held within the portfolio (727,860 discretionary + 456,710 sole).
- Concentration Risk: Assess the concentration in large-cap technology stocks (Apple, Microsoft, Amazon, Alphabet) and specific ETFs (WisdomTree, BlackRock).
- Voting Authority: Note the distinction between "Sole" and "Discretionary" (DFND) voting authority, which indicates how the firm manages these assets (e.g., for client accounts vs. proprietary accounts).
- Valuation: The values listed are as of December 31, 2022, and do not reflect current market prices.