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, 2022
Context: This filing discloses the equity securities held by Tompkins Financial Corp as a registered investment manager. It details holdings managed under "Sole" discretion and "Discretionary" (DFND) authority, as well as positions where voting authority is shared or none.
Key Financial Metrics and Holdings
Note: Form 13F filings report the value of securities held, not the operating revenue, profit, or cash flow of the reporting company itself.
- Significant Self-Holding: The firm holds a substantial position in its own stock (Tompkins Financial Corp), totaling approximately $85.7 million (685,511 shares under DFND and 502,482 shares under SOLE discretion).
- Top Equity Holdings (by Value):
- Apple Inc: ~$31.7 million
- Microsoft Corp: ~$31.7 million
- Verizon Communications: ~$18.6 million
- Amazon.com Inc: ~$6.0 million
- AT&T Inc: ~$8.2 million
- ETF Exposure: Significant allocations to broad market and sector ETFs, including Vanguard FTSE Developed Markets (~$27.9 million), iShares Core S&P Mid-Cap (~$5.4 million), and various bond ETFs.
- Debt and Liquidity: The filing text does not provide data on the company's corporate debt, liquidity ratios, or cash flow.
Material Changes and Portfolio Composition
Portfolio Structure: The portfolio is diversified across large-cap technology, healthcare, financials, and consumer staples. A notable portion of the portfolio is held in Exchange Traded Funds (ETFs), suggesting a passive or index-tracking strategy for a segment of assets.
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of June 30, 2022. It does not include the prior quarter's data (March 31, 2022) or a summary of purchases and sales, preventing a direct calculation of material changes in position size.
Guidance, Risks, and Contingencies
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
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 legal contingencies are disclosed in this document.
Key Facts for Investor Verification
- Self-Ownership: Verify the total value of Tompkins Financial Corp shares held by the firm (~$85.7M) to assess insider confidence and potential impact on float.
- Concentration Risk: Review the top 10 holdings (Apple, Microsoft, Verizon, etc.) to understand the portfolio's exposure to specific market sectors.
- Discretionary Authority: Note the split between "Sole" and "Discretionary" (DFND) voting authority, which may indicate different fund structures or client mandates managed by the firm.
- Missing Data: Investors seeking revenue, net income, or debt levels must refer to the company's Form 10-Q or 10-K filings, as this document only lists asset holdings.