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 September 30, 2017
Context: This filing discloses the equity securities held by Tompkins Financial Corp as a registered investment manager. It details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio of equities and exchange-traded funds (ETFs). The data provided includes the value of holdings (in thousands) and share counts, but does not provide aggregate portfolio totals, revenue, profit, or cash flow metrics for Tompkins Financial Corp itself.
- Top Holdings by Value (Selected):
- Tompkins Financial Corp: $482,992 (41,605 shares) - Significant self-holding.
- Apple Inc: $63,471 (9,782 shares).
- Microsoft Corp: $98,373 (7,328 shares).
- Verizon Communications Inc: $75,726 (3,747 shares).
- Exxon Mobil Corp: $75,886 (6,220 shares).
- General Electric Co: $70,783 (1,712 shares).
- Significant ETF Positions:
- Oppenheimer Rev Weighted ETF Ultra Divid Rev: $318,939 (11,121 shares).
- Vanguard Intl Equity Index Fd FTSE Europe ETF: $339,753 (19,817 shares).
- Ishares Tr Min Vol Eafe ETF: $340,743 (24,212 shares).
- Ishares Tr Min Vol Usa ETF: $300,743 (15,139 shares).
- Voting Authority: The majority of holdings are reported with "Sole" voting authority. A portion of holdings are reported with "Discretionary" (DFND) authority, indicating the manager has discretion to vote on behalf of the client.
Material Changes
Comparison to Prior Period: The filing text provided is a snapshot of holdings as of September 30, 2017. It does not contain comparative data from the prior quarter (June 30, 2017) or year-over-year figures. Therefore, material changes in position size, new acquisitions, or divestitures cannot be determined from this document alone.
Guidance, Outlook, and Risks
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: No specific risks or contingencies are disclosed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Self-Holding Concentration: Verify the strategic rationale for the significant holding of Tompkins Financial Corp stock ($482.9M) relative to the total portfolio size.
- ETF Strategy: Confirm the allocation strategy regarding the heavy weighting in low-volatility and dividend-focused ETFs (e.g., Oppenheimer Ultra Dividend, iShares Min Vol).
- Voting Discretion: Review the proportion of "Discretionary" (DFND) holdings to understand the extent of the manager's control over voting rights versus client-directed voting.
- Portfolio Turnover: Compare this list against the Q2 2017 13F filing to calculate actual turnover and identify specific trades made during the quarter.
- Valuation Accuracy: Note that values are reported in thousands; ensure proper scaling when aggregating total portfolio value.