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 June 30, 2015
Context: This filing discloses the equity securities held by Tompkins Financial Corp at the end of the second quarter of 2015. As a Form 13F, this document details investment positions rather than the company's own operating financial results.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings but does not aggregate total portfolio value, revenue, or profit metrics for Tompkins Financial Corp itself. Key portfolio characteristics include:
- Asset Class: Primarily common stocks (Equities) and Exchange Traded Funds (ETFs).
- Geographic Exposure: Significant holdings in U.S. domestic equities, with notable international positions (e.g., Accenture, Eaton, Medtronic, Royal Dutch Shell).
- Top Holdings by Value (Selected):
- General Electric Co: 171,051 shares (Sole Discretion) valued at $4,543,000.
- Microsoft Corp: 109,539 shares (Sole Discretion) valued at $4,836,000.
- Intel Corp: 103,130 shares (Sole Discretion) valued at $3,136,000.
- Exelon Corp: 69,590 shares (Sole Discretion) valued at $2,186,000.
- Exxon Mobil Corp: 79,302 shares (Sole Discretion) valued at $6,598,000.
- First Trust Dorsey Wright ETF: 563,818 shares (Sole Discretion) valued at $13,785,000.
- WisdomTree Europe Hedged Equity ETF: 462,883 shares (Sole Discretion) valued at $28,508,000.
- Self-Holding: Tompkins Financial Corp holds 475,524 shares of its own stock (Tompkins Financial Corp) with a reported value of $25,545,000.
Material Changes and Voting Authority
Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. The vast majority of holdings are reported under "Sole" discretion. "Shared" authority is noted for specific positions such as Accenture PLC (663 shares), AFLAC Inc (1,025 shares), and AT&T Inc (11,052 shares).
Comparison to Prior Period: This filing is a snapshot of holdings as of June 30, 2015. It does not contain comparative data against the prior quarter (March 31, 2015) within the text provided; therefore, material changes in position size cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F filings are statutory disclosures of holdings and do not contain management discussion, financial guidance, or forward-looking statements regarding the company's operations.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. No specific operational risks or contingencies are disclosed in this format.
Investor Verification Checklist
- Portfolio Concentration: Verify the total market value of the portfolio to assess concentration risk relative to the company's total assets.
- Self-Holding Impact: Confirm the purpose of the significant holding in Tompkins Financial Corp stock (approx. $25.5M) to determine if it represents treasury stock or an investment account.
- ETF Exposure: Review the specific underlying assets of the large ETF positions (e.g., WisdomTree Europe Hedged Equity, First Trust Dorsey Wright) to understand true sector exposure.
- Valuation Methodology: Note that values are reported in thousands; verify the exact share prices used for the June 30, 2015 valuation date.