Tompkins Financial Q4'23 13F: $9.8M Alphabet Stake Dominates

TL;DR

**Tompkins Financial's 13F shows a massive $9.8M bet on Alphabet Class A shares!**

AI Summary

Tompkins Financial Corp, a New York-based state commercial bank, filed its 13F-HR on January 8, 2024, detailing its equity holdings as of December 31, 2023. The filing reveals significant positions in Alphabet Inc. Class A shares, totaling 70,402 shares with a market value of $9,834,455, predominantly held with sole voting authority. This matters to investors as it provides transparency into Tompkins' investment strategy and its confidence in major tech companies like Alphabet, which can influence perceptions of its own financial health and investment acumen.

Why It Matters

This filing offers a look into Tompkins Financial's investment portfolio, indicating where the bank is allocating capital and its conviction in specific companies, which can signal broader market trends or the bank's strategic outlook.

Risk Assessment

Risk Level: low — 13F filings are backward-looking disclosures of institutional holdings and do not indicate future investment decisions or immediate risks.

Analyst Insight

Investors should note Tompkins Financial's substantial, largely sole-controlled stake in Alphabet, suggesting a long-term conviction in the tech giant. This could be a signal for individual investors to research Alphabet further if they align with Tompkins' investment philosophy.

Key Numbers

• $9,834,455 — Market Value of Alphabet Inc. Class A shares (Represents the largest single holding by market value in Tompkins Financial's portfolio as of December 31, 2023.)
• 70,402 — Shares of Alphabet Inc. Class A (Indicates the significant number of shares Tompkins Financial holds in a major tech company.)
• 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, providing a snapshot of the portfolio at year-end.)
• 68,007 — Sole voting shares of Alphabet Inc. Class A (Shows that Tompkins Financial has significant control over a large portion of its Alphabet holdings.)

Key Players & Entities

• TOMPKINS FINANCIAL CORP (company) — filer of the 13F-HR
• Alphabet Inc. CAP STK CL A (company) — largest holding by market value
• Lisa Donnelly (person) — Trust Operations Manager who signed the filing
• $9,834,455 (dollar_amount) — market value of Alphabet Inc. Class A shares held
• 70,402 (dollar_amount) — total shares of Alphabet Inc. Class A held

Forward-Looking Statements

• Tompkins Financial Corp will likely maintain a significant position in Alphabet Inc. Class A shares in its next 13F filing. (Alphabet Inc. CAP STK CL A) — medium confidence, target: Q1 2024 13F filing (due May 2024)

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 380KB
• 0001999371-24-000170.txt ( ) — 383KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: TOMPKINS FINANCIAL CORP Address: 118 E. Seneca Street PO Box 460 Ithaca , NY   14850 Form 13F File Number: 028-05097 CRD Number (if applicable): 028-05097 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Lisa Donnelly Title: Trust Operations Manager Phone: 607-274-7443 Signature, Place, and Date of Signing: /s/ Lisa Donnelly, Trust Operations Manager Ithica ,  NY 01-04-2023 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 848 Form 13F Information Table Value Total: 825,588,850 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR