M & T BK CORP MTB
COM · Common Stock · CUSIP 55261F104 · ISIN US55261F1049
American bank holding company
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersBuffalo, NY
- Founded1856
- Websitewww3.mtb.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($49.5m this quarter). Holder counts are more reliable. Shares outstanding: 167.0m as of 2024-08-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $151.32. Options: 22 managers hold calls ($145.7m notional), 18 hold puts ($68.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 924 |
| Q4 2022 | 897 |
| Q1 2023 | 831 |
| Q2 2023 | 832 |
| Q3 2023 | 809 |
| Q4 2023 | 893 |
| Q1 2024 | 897 |
| Q2 2024 | 925 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 338 | 468 |
| Q1 2023 | 353 | 461 |
| Q2 2023 | 360 | 412 |
| Q3 2023 | 338 | 389 |
| Q4 2023 | 380 | 391 |
| Q1 2024 | 376 | 434 |
| Q2 2024 | 431 | 376 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $185.0m | $645.4m | 3.49 |
| Q4 2023 | $121.6m | $160.9m | 1.32 |
| Q1 2024 | $134.3m | $167.2m | 1.25 |
| Q2 2024 | $145.7m | $68.5m | 0.47 |
Biggest buyers
| FMR LLC | Added | +1.4m |
| MARSHALL WACE, LLP | Added | +473.0k |
| Junto Capital Management LP | New | +467.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +319.1k |
| DEUTSCHE BANK AG\ | Added | +315.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +276.7k |
| Senvest Management, LLC | Added | +260.4k |
| BANK OF AMERICA CORP /DE/ | Added | +218.1k |
| Amundi | Added | +196.9k |
| Balyasny Asset Management L.P. | Added | +168.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -8.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -972.9k |
| Invesco Ltd. | Reduced | -623.0k |
| CRAWFORD INVESTMENT COUNSEL INC | Reduced | -293.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -209.0k |
| BlackRock Inc. | Reduced | -199.4k |
| FIRST TRUST ADVISORS LP | Reduced | -179.2k |
| STATE STREET CORP | Reduced | -170.0k |
| BARCLAYS PLC | Reduced | -116.8k |
| PINEBRIDGE INVESTMENTS, L.P. | Reduced | -70.9k |
Biggest calls
| Twin Tree Management, LP | Added | $40.9m270.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $31.2m206.1k shares |
| CITADEL ADVISORS LLC | Added | $14.2m93.7k shares |
| JANE STREET GROUP, LLC | Reduced | $9.0m59.4k shares |
| SIMPLEX TRADING, LLC | Added | $8.8m58.1k shares |
| Maven Securities LTD | New | $6.4m42.6k shares |
| GTS SECURITIES LLC | Reduced | $5.9m38.8k shares |
| BARCLAYS PLC | New | $5.4m36.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $4.4m29.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $3.5m23.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.3m114.3k shares |
| PEAK6 Investments LLC | Added | $10.5m69.2k shares |
| Walleye Trading LLC | Reduced | $10.2m67.3k shares |
| CITADEL ADVISORS LLC | Reduced | $7.7m51.0k shares |
| Interval Partners, LP | Added | $4.0m266 shares |
| GTS SECURITIES LLC | Reduced | $3.2m21.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.8m18.2k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $2.8m18.2k shares |
| Walleye Capital LLC | Reduced | $2.1m14.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.6m10.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +1.4 pts · filed 2026-02-05 | 8.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.6% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution +1.5 pts · filed 2025-05-12 | 6.0% |
Fell to 5% or below in the last year: VANGUARD PORTFOLIO MANAGEMENT LLC (4.8%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $1.0k | 8 | $9.2m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $61.0k | 0 | — | — |
| Q2 2023 | 1 | $1.2m | 1 | $82.9k | — |
| Q3 2023 | 0 | — | 2 | $8.2m | — |
| Q4 2023 | 1 | $555.2k | 5 | $20.8m | — |
| Q1 2024 | 0 | — | 3 | $5.2m | — |
| Q2 2024 | 0 | — | 4 | $26.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-14 | BARNES JOHN P Director | Sold | $6.7m43.4k shares |
| 2024-05-10 | WALTERS KIRK W Director | Sold | $1.9m12.3k shares |
| 2024-05-10 | WALTERS KIRK W Director | Sold | $406.0k2.6k shares |
| 2024-05-10 | KAY CHRISTOPHER E Sr. Executive Vice President | Sold | $280.0k1.8k shares |
| 2024-05-09 | WALTERS KIRK W Director | Sold | $1.2m7.8k shares |
| 2024-05-06 | BARNES JOHN P Director | Sold | $7.7m52.2k shares |
| 2024-05-06 | WALTERS KIRK W Director | Sold | $2.4m16.2k shares |
| 2024-05-03 | BARNES JOHN P Director | Sold | $2.0m13.4k shares |
| 2024-05-03 | Meister Doris P. Sr. Executive Vice President | Sold | $495.1k3.4k shares |
| 2024-04-26 | BARNES JOHN P Director | Sold | $1.5m10.0k shares |
| 2024-04-25 | BARNES JOHN P Director | Sold | $1.5m10.0k shares |
| 2024-04-17 | Meister Doris P. Sr. Executive Vice President | Sold | $226.4k1.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 19.3m $2.9bn | Added +35.4k |
| JPMORGAN CHASE & CO 0.09% of their portfolio | 13.4m $2.0bn | Added +65.7k |
| BlackRock Inc. 0.04% of their portfolio | 12.7m $1.9bn | Reduced -199.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.31% of their portfolio | 11.5m $1.7bn | Reduced -972.9k |
| FMR LLC 0.11% of their portfolio | 10.8m $1.6bn | Added +1.4m |
| STATE STREET CORP 0.05% of their portfolio | 8.2m $1.2bn | Reduced -170.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 4.8m $733.5m | Added +66.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.3m $643.7m | Added +146.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.56% of their portfolio | 4.1m $624.0m | Unchanged |
| Invesco Ltd. 0.12% of their portfolio | 3.8m $576.4m | Reduced -623.0k |
| MORGAN STANLEY 0.04% of their portfolio | 3.7m $566.8m | Reduced -8.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 1.8m $269.7m | Added +81.0k |
| FIRST TRUST ADVISORS LP 0.27% of their portfolio | 1.7m $261.8m | Reduced -179.2k |
| M&T Bank Corp 0.88% of their portfolio | 1.7m $257.0m | Reduced -2.3k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.6m $244.1m | Added +93.1k |
| NORGES BANK 0.04% of their portfolio | 1.6m $242.0m | Reduced -63.8k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.5m $234.4m | Added +2.4k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.5m $229.1m | Added +44.4k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.72% of their portfolio | 1.4m $211.6m | Added +43.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.3m $189.6m | Added +218.1k |
| LONDON CO OF VIRGINIA 0.99% of their portfolio | 1.2m $176.9m | Added +14.8k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.1m $166.3m | Reduced -209.0k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 1.1m $159.6m | Added +50.4k |
| LSV ASSET MANAGEMENT 0.33% of their portfolio | 990.4k $149.9m | Reduced -45.7k |
| Legal & General Group Plc 0.04% of their portfolio | 963.2k $145.8m | Reduced -17.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 941.8k $142.6m | Added +276.7k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.90% of their portfolio | 870.4k $131.7m | Added +10.4k |
| Amundi 0.05% of their portfolio | 801.2k $119.5m | Added +196.9k |
| Senvest Management, LLC 4.57% of their portfolio | 786.3k $119.0m | Added +260.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.40% of their portfolio | 733.3k $111.0m | Added +319.1k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 721.6k $109.2m | Added +315.5k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 696.5k $105.4m | Reduced -4.8k |
| MARSHALL WACE, LLP 0.14% of their portfolio | 676.7k $102.4m | Added +473.0k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 574.7k $87.0m | Added +29.2k |
| Balyasny Asset Management L.P. 0.21% of their portfolio | 530.9k $80.4m | Added +168.7k |
| BARCLAYS PLC 0.03% of their portfolio | 480.9k $72.8m | Reduced -116.8k |
| Smead Capital Management, Inc. 1.13% of their portfolio | 477.2k $72.2m | Added +25.0k |
| Junto Capital Management LP 1.56% of their portfolio | 467.1k $70.7m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 458.7k $69.4m | Reduced -21.1k |
| Canoe Financial LP 1.23% of their portfolio | 454.6k $66.1m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 445.2k $68.9m | Reduced -18.8k |
| KBC Group NV 0.20% of their portfolio | 444.6k $67.3m | Reduced -825 |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 436.2k $66.1m | Added +1.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 431.0k $65.2m | Reduced -66.5k |
| ANCHOR CAPITAL ADVISORS LLC 1.67% of their portfolio | 391.7k $59.3m | Reduced -15.4k |
| UBS Group AG 0.02% of their portfolio | 389.1k $58.9m | Added +102.5k |
| Artisan Partners Limited Partnership 0.09% of their portfolio | 382.8k $57.9m | Reduced -2.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 379.4k $57.4m | Added +6.8k |
| COOKE & BIELER LP 0.55% of their portfolio | 377.4k $57.1m | Reduced -3.8k |
| RNC CAPITAL MANAGEMENT LLC 3.15% of their portfolio | 375.2k $56.8m | Added +60.8k |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 353.9k $53.6m | Added +14.4k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 353.5k $53.5m | Added +3.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 346.8k $52.5m | Added +110.7k |
| Giverny Capital Inc. 2.21% of their portfolio | 345.3k $52.3m | Reduced -7.4k |
| Davis Asset Management, L.P. 2.35% of their portfolio | 345.0k $52.2m | Unchanged |
| ABSHER WEALTH MANAGEMENT, LLC 7.14% of their portfolio | 336.0k $50.9m | Reduced -3.2k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 317.4k $48.0m | Reduced -2.9k |
| California Public Employees Retirement System 0.03% of their portfolio | 299.5k $45.3m | Reduced -14.8k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.49% of their portfolio | 296.6k $44.9m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 294.7k $44.6m | Reduced -37.1k |
| HUNTINGTON NATIONAL BANK 0.33% of their portfolio | 284.0k $43.0m | Added +89.6k |
| CRAWFORD INVESTMENT COUNSEL INC 0.78% of their portfolio | 269.2k $40.7m | Reduced -293.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 261.6k $39.6m | Reduced -14.6k |
| National Pension Service 0.04% of their portfolio | 254.8k $38.6m | Added +264 |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 241.2k $36.5m | Added +13.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 227.7k $34.5m | Added +31.7k |
| Advisors Capital Management, LLC 0.60% of their portfolio | 225.6k $34.1m | Added +10.7k |
| CITIGROUP INC 0.03% of their portfolio | 206.2k $31.2m | Added +6.3k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 1.48% of their portfolio | 196.4k $29.7m | Added +13.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 196.3k $29.7m | Reduced -2.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 192.5k $29.1m | Added +6.3k |
| Polaris Capital Management, LLC 1.53% of their portfolio | 188.9k $28.6m | Added +25.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 184.1k $27.9m | Reduced -28.6k |
| Invenomic Capital Management LP 1.44% of their portfolio | 182.8k $27.7m | Added +117.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 179.9k $27.2m | Added +503 |
| NATIXIS ADVISORS, LLC 0.06% of their portfolio | 177.6k $26.9m | Added +8.2k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 173.8k $26.3m | Added +110.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 167.9k $25.4m | Added +1.7k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.41% of their portfolio | 165.5k $25.1m | Reduced -2.5k |
| AGF MANAGEMENT LTD 0.14% of their portfolio | 164.3k $24.9m | Reduced -18.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 158.3k $24.0m | Reduced -1.8k |
| Candriam S.C.A. 0.14% of their portfolio | 156.6k $23.7m | Added +62.7k |
| Ruffer LLP 0.99% of their portfolio | 152.5k $23.1m | Reduced -7.0k |
| Vest Financial, LLC 0.54% of their portfolio | 148.6k $22.5m | Added +23.8k |
| Rafferty Asset Management, LLC 0.08% of their portfolio | 148.4k $22.5m | Added +2.4k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 135.9k $20.4m | Added +9.1k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 128.2k $19.2m | Added +53.8k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 123.0k $18.6m | Added +8.5k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 120.0k $18.2m | Reduced -7.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 119.9k $18.1m | Reduced -60.3k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 119.3k $18.1m | Reduced -14.1k |
| SPEECE THORSON CAPITAL GROUP INC 3.66% of their portfolio | 118.3k $17.9m | Reduced -10.8k |
| TRUIST FINANCIAL CORP 0.03% of their portfolio | 114.2k $17.3m | Reduced -29.6k |
| Ensign Peak Advisors, Inc 0.03% of their portfolio | 106.3k $16.1m | Reduced -6.4k |
| LPL Financial LLC 0.01% of their portfolio | 105.0k $15.9m | Added +1.6k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.20% of their portfolio | 104.5k $15.8m | Added +31.7k |
| GENERAL AMERICAN INVESTORS CO INC 1.09% of their portfolio | 101.1k $15.3m | Reduced -23.9k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 98.5k $14.9m | Reduced -3.1k |
| Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio | 98.4k $14.5m | Added +15.8k |
| Sound Income Strategies, LLC 0.89% of their portfolio | 93.8k $14.2m | Added +6.8k |