Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F-HR (Quarterly Report of Holdings)
Reporting Period: Ended June 30, 2010
This filing discloses the equity securities held by Tompkins Financial Corp as of the end of the second quarter of 2010. The report details holdings managed with sole, shared, or discretionary authority.
Key Financial Metrics
Total Portfolio Value: $218,477,000 (Reported in thousands)
Total Shares Held: 5,454,424
Shares with Sole Voting Authority: 4,902,632
Shares with Discretionary Authority: 551,792
Top 5 Holdings by Value:
- Tompkins Financial Corp: $22,880,000 (545,957 shares)
- Exxon Mobil Corp: $5,636,000 (90,559 shares)
- General Electric Co: $3,315,000 (222,921 shares)
- Johnson & Johnson: $3,535,000 (54,863 shares)
- Microsoft Corp: $1,826,000 (77,390 shares)
Note: The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics for Tompkins Financial Corp itself, as Form 13F reports only investment holdings.
Material Changes
The filing text provided contains only the snapshot of holdings as of June 30, 2010. It does not include comparative data from the prior quarter (March 31, 2010) or year-over-year figures. Therefore, material changes in portfolio composition or value cannot be determined from this document alone.
Outlook, Risks, and Commentary
Management Commentary: Not applicable. Form 13F filings are statutory disclosures of holdings and do not contain management discussion, guidance, or outlook.
Risks and Contingencies: Not disclosed in this filing type.
Unusual Items: The portfolio includes a significant position in the reporting company's own stock (Tompkins Financial Corp), valued at approximately $22.9 million, representing roughly 10.5% of the total reported portfolio value.
Investor Verification Checklist
- Self-Holding: Verify the purpose and size of the $22.9 million position in Tompkins Financial Corp common stock.
- Concentration Risk: Assess the concentration in large-cap energy and technology stocks (e.g., Exxon Mobil, General Electric, Microsoft, Intel).
- ETF Exposure: Review the significant allocation to iShares and Vanguard ETFs, which represent broad market and sector exposure (e.g., MSCI EAFE, S&P MidCap 400).
- Voting Rights: Note that the majority of shares (approx. 90%) are held with sole voting authority, indicating direct control over voting decisions for those positions.