SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended June 30, 2018
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 investment positions rather than the company's own operating financial results.
Key Financial Metrics and Portfolio Composition
The filing lists individual holdings with values reported in thousands of dollars. The portfolio is diversified across equities, exchange-traded funds (ETFs), and international securities.
- Top Holdings by Value (Sole Discretion):
- Oppenheimer ETF Tr S&P 500 Revenue: $359,553,000
- Ishares Tr Min Vol Eafe ETF: $442,596,000
- Ishares Tr Min Vol USA ETF: $312,984,000
- Ishares Inc Core Msci Emkt: $281,003,000
- Vanguard Intl Equity Index Fd (FTSE Europe): $350,594,000
- Significant Individual Equity Positions:
- Microsoft Corp: $104,011,000
- Cisco Systems Inc: $112,259,000
- Corning Inc: $106,705,000
- Exxon Mobil Corp: $80,784,000
- Verizon Communications Inc: $80,076,000
- Self-Holding: Tompkins Financial Corp holds 40,085 shares of its own stock valued at $466,762,000 (Sole Discretion).
Material Changes and Voting Authority
The filing distinguishes between voting authority held solely by the manager, shared, or none. A significant portion of the portfolio is held with "Sole" voting authority, indicating direct control over voting decisions for those shares. Some positions are marked with "DFND" (Discretionary/Defined), indicating shared or limited voting authority.
Note: As this is a snapshot of holdings at a specific date, the filing does not provide comparative data against the prior quarter (March 31, 2018) to determine material changes in position size or value.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F filings are regulatory disclosures of holdings and do not contain management discussion, financial guidance, or outlook statements.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio's heavy weighting in ETFs and large-cap technology/financial stocks exposes the entity to market volatility in those specific sectors.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in the top 5 ETF holdings, which represent a significant portion of the disclosed value.
- Self-Holding: Confirm the size of the company's own stock position ($466.8M) relative to its total assets under management or equity capital.
- Voting Control: Note the distinction between "Sole" and "DFND" voting authority, which may impact corporate governance influence.
- Valuation Basis: All values are reported in thousands; ensure calculations account for this scaling factor.
- Missing Data: The filing does not provide total portfolio value, cash positions, or debt levels for Tompkins Financial Corp itself.