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, 2023
Context: This filing discloses the equity securities held by Tompkins Financial Corp as a registered investment manager. It details the specific issuers, share counts, and voting authority for the portfolio as of the end of the first quarter of 2023.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: The filing text does not provide revenue, profit, cash flow, or margin data for Tompkins Financial Corp. Form 13F filings are strictly for reporting investment holdings and do not contain the reporting company's financial performance metrics.
Debt and Liquidity: The filing text does not provide debt or liquidity data for Tompkins Financial Corp.
Portfolio Highlights (Selected Holdings):
- Top Equity Holdings by Value: The portfolio includes significant positions in major U.S. corporations, including Apple Inc. (approx. $35.4M value), Microsoft Corp (approx. $34.1M value), and Amazon.com Inc (approx. $6.3M value).
- Self-Holding: Tompkins Financial Corp holds a substantial position in its own stock (Tompkins Financial Corp COM), with a reported value of approximately $77.7 million (725,516 shares with discretionary authority and 448,680 shares with sole authority).
- ETF Exposure: Significant allocations to Exchange Traded Funds, including various BlackRock (iShares), Vanguard, and State Street (SPDR) funds covering S&P 500, Total Stock Market, and sector-specific indices.
- Financial Sector: Notable holdings in JPMorgan Chase & Co, Bank of America Corp, and Wells Fargo & Co.
Material Changes Versus Prior Period
The filing text does not provide comparative data against the prior quarter (December 31, 2022). Consequently, material changes in holdings, additions, or deletions cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. 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 stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies regarding the portfolio are detailed in the text.
Unusual Items: The filing lists a diverse range of holdings including closed-end funds, preferred stocks, and international ADRs (e.g., Novartis, Shell, Rio Tinto), indicating a broad diversification strategy.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to assess the concentration risk relative to the firm's total assets under management.
- Self-Holding Impact: Confirm the strategic intent behind the large holding of Tompkins Financial Corp's own stock (approx. $77.7M) and its impact on insider ownership percentages.
- ETF vs. Direct Stock: Analyze the ratio of direct equity holdings versus ETF holdings to understand the active versus passive management strategy.
- Voting Authority: Review the split between "Sole," "Shared," and "Discretionary" voting authority to understand the firm's control over the reported assets.
- Quarterly Comparison: Obtain the Q4 2022 Form 13F filing to calculate specific buy/sell activity and turnover rates for the quarter.