SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: Quarter ended March 31, 2014
Context: This filing discloses the equity securities held by Tompkins Financial Corp at the end of the first quarter of 2014. As a Form 13F, this document details investment positions rather than the company's own operating financial results (revenue, profit, etc.).
Key Financial Metrics and Holdings
The filing lists numerous equity positions, including common stocks, preferred stocks, and Exchange Traded Funds (ETFs). Key metrics provided are share counts and approximate market values (in thousands).
- Top Equity Holdings by Value (Sole Discretion):
- General Electric Co: 174,032 shares (~$174M value)
- Intel Corp: 102,833 shares (~$102M value)
- Pfizer Inc: 104,292 shares (~$104M value)
- Microsoft Corp: 96,368 shares (~$96M value)
- Verizon Communications Inc: 71,777 shares (~$71M value)
- Top ETF Holdings by Value (Sole Discretion):
- Vanguard Tax Managed Intl Fd: 836,961 shares (~$836M value)
- WisdomTree Tr Emerg Mkts SMCap: 312,591 shares (~$312M value)
- WisdomTree Tr Emerg Mkts ETF: 282,303 shares (~$282M value)
- PowerShares ETF Tr II S&P500 Low Vol: 355,636 shares (~$355M value)
- Ishares Core Totusbd ETF: 353,509 shares (~$353M value)
- Self-Holding: Tompkins Financial Corp holds 491,695 shares of its own stock (Tompkins Financial Corp) with a reported value of approximately $491M.
Material Changes and Voting Authority
Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. The vast majority of positions are held with "Sole" voting authority. "Shared" authority is noted for specific holdings such as Accenture, Abbott Laboratories, AbbVie, and Altria Group.
Changes vs. Prior Period: This filing is a snapshot of holdings as of March 31, 2014. It does not contain comparative data against the prior quarter (December 31, 2013) 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 outlook.
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 operational risks or contingencies are disclosed in this format.
Investor Verification Checklist
- Portfolio Concentration: Verify the concentration risk in the top 10 holdings, which include significant positions in large-cap technology and healthcare sectors.
- ETF Exposure: Confirm the specific underlying assets of the large ETF positions (e.g., WisdomTree Emerging Markets, Vanguard International) to understand geographic and sector exposure.
- Self-Holding: Note the significant position in Tompkins Financial Corp's own stock, which may indicate treasury stock management or employee benefit plan holdings.
- Valuation Basis: Understand that the "Value" column represents the approximate market value at the end of the quarter and may differ from current market prices.
- Discretionary Authority: Review the "Investment Discretion" column to distinguish between assets managed solely by Tompkins Financial Corp versus those where discretion is shared or none.