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 ($99.6m this quarter). Holder counts are more reliable. Shares outstanding: 146.4m as of 2026-04-30, 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 ≈ $206.22. Options: 18 managers hold calls ($127.1m notional), 12 hold puts ($71.4m).
Trends to Q1 2026
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 |
| Q3 2024 | 950 |
| Q4 2024 | 1,049 |
| Q1 2025 | 1,041 |
| Q2 2025 | 1,027 |
| Q3 2025 | 1,056 |
| Q4 2025 | 1,107 |
| Q1 2026 | 1,113 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 431 | 376 |
| Q3 2024 | 435 | 416 |
| Q4 2024 | 479 | 413 |
| Q1 2025 | 475 | 474 |
| Q2 2025 | 459 | 477 |
| Q3 2025 | 503 | 388 |
| Q4 2025 | 452 | 473 |
| Q1 2026 | 489 | 469 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $120.6m | $48.4m | 0.40 |
| Q3 2025 | $124.2m | $82.7m | 0.67 |
| Q4 2025 | $112.7m | $114.0m | 1.01 |
| Q1 2026 | $127.1m | $71.4m | 0.56 |
Biggest buyers
| FRANKLIN RESOURCES INC | Added | +579.5k |
| MORGAN STANLEY | Added | +456.8k |
| PANAGORA ASSET MANAGEMENT INC | Added | +378.8k |
| MARSHALL WACE, LLP | Added | +244.1k |
| JONES FINANCIAL COMPANIES LLLP | Added | +215.2k |
| TWO SIGMA INVESTMENTS, LP | Added | +193.8k |
| MENORA MIVTACHIM HOLDINGS LTD. | Added | +189.5k |
| BANK OF AMERICA CORP /DE/ | Added | +184.8k |
| Swiss Life Asset Management Ltd | Added | +167.4k |
| JENNISON ASSOCIATES LLC | Added | +145.5k |
Biggest sellers
| M&T Bank Corp | Reduced | -882.1k |
| JPMORGAN CHASE & CO | Reduced | -828.2k |
| HSBC HOLDINGS PLC | Reduced | -396.5k |
| FIRST TRUST ADVISORS LP | Reduced | -368.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -242.2k |
| Qube Research & Technologies Ltd | Sold out | -208.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -208.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -187.2k |
| Canoe Financial LP | Reduced | -159.4k |
| FMR LLC | Reduced | -155.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $49.0m236.9k shares |
| JANE STREET GROUP, LLC | Added | $17.9m86.5k shares |
| BARCLAYS PLC | New | $15.8m76.5k shares |
| CITADEL ADVISORS LLC | Added | $9.6m46.4k shares |
| Parallax Volatility Advisers, L.P. | New | $8.8m40.0k shares |
| D. E. Shaw & Co., Inc. | New | $8.3m40.0k shares |
| IMC-Chicago, LLC | Added | $7.1m34.5k shares |
| Twin Tree Management, LP | Reduced | $4.3m21.0k shares |
| Alphadyne Asset Management LP | Added | $2.2m10.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.5m7.2k shares |
Biggest puts
| PEAK6 LLC | Reduced | $29.5m142.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.4m108.3k shares |
| JANE STREET GROUP, LLC | Reduced | $10.7m51.9k shares |
| CITADEL ADVISORS LLC | Reduced | $4.2m20.5k shares |
| Alphadyne Asset Management LP | Added | $2.0m9.7k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $950.9k4.6k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $661.5k3.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $413.4k2.0k shares |
| Walleye Trading LLC | Reduced | $330.8k1.6k shares |
| Capula Management Ltd | Not comparable | $124.0k600 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 Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 4 | $26.2m | — |
| Q3 2024 | 0 | — | 6 | $3.7m | — |
| Q4 2024 | 0 | — | 12 | $25.9m | — |
| Q1 2025 | 0 | — | 1 | $299.5k | — |
| Q2 2025 | 0 | — | 1 | $1.2m | — |
| Q3 2025 | 0 | — | 6 | $9.2m | — |
| Q4 2025 | 0 | — | 2 | $2.1m | — |
| Q1 2026 | 0 | — | 6 | $11.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-26 | Wisler Michael A. Sr. Executive Vice President | Sold | $1.8m8.2k shares |
| 2026-02-11 | Woodrow Tracy S. Sr. Executive Vice President | Sold | $246.6k1.1k shares |
| 2026-02-09 | BARNES JOHN P Director | Sold | $5.0m21.2k shares |
| 2026-02-03 | WALTERS KIRK W Director | Sold | $206.7k909 shares |
| 2026-02-02 | Taylor John R. EVP and Controller | Sold | $158.6k704 shares |
| 2026-01-28 | GEISEL GARY N Director | Sold | $191.4k887 shares |
| 2026-01-22 | BARNES JOHN P Director · By John P. Barnes Living Trust | Sold | $3.9m17.9k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.14% of their portfolio | 13.2m $2.7bn | Reduced -155.1k |
| BlackRock, Inc. 0.05% of their portfolio | 13.0m $2.7bn | Added +98.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.38% of their portfolio | 10.0m $2.1bn | Reduced -208.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 9.8m $2.0bn | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.08% of their portfolio | 7.5m $1.5bn | First filing |
| STATE STREET CORP 0.05% of their portfolio | 7.2m $1.5bn | Reduced -154.9k |
| MORGAN STANLEY 0.06% of their portfolio | 4.5m $920.3m | Added +456.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.4m $909.7m | Added +141.8k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.67% of their portfolio | 4.1m $852.2m | Unchanged |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 4.0m $805.4m | Reduced -828.2k |
| Invesco Ltd. 0.08% of their portfolio | 4.0m $827.3m | Reduced -88.4k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.6m $332.5m | Added +184.8k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.6m $325.8m | Added +24.8k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.5m $314.3m | Reduced -16.4k |
| Nuveen, LLC 0.08% of their portfolio | 1.4m $287.6m | Reduced -9.3k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.4m $287.2m | Reduced -27.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 1.2m $244.1m | Reduced -39.2k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.2m $239.7m | Added +23.2k |
| Legal & General Group Plc 0.05% of their portfolio | 1.1m $220.2m | Reduced -7.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.0m $213.8m | Reduced -58.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.0m $210.2m | Added +21.5k |
| JENNISON ASSOCIATES LLC 0.14% of their portfolio | 975.3k $201.6m | Added +145.5k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.94% of their portfolio | 962.6k $199.0m | Added +189.5k |
| UBS Group AG 0.03% of their portfolio | 921.1k $190.4m | Reduced -145.6k |
| LONDON CO OF VIRGINIA 1.12% of their portfolio | 882.7k $182.5m | Reduced -92.8k |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 852.0k $176.1m | First filing |
| BARCLAYS PLC 0.05% of their portfolio | 650.1k $134.4m | Added +119.8k |
| M&T Bank Corp 0.43% of their portfolio | 608.4k $125.8m | Reduced -882.1k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 601.2k $124.3m | Added +579.5k |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 574.7k $118.8m | Reduced -49.8k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 537.5k $111.1m | Reduced -3.2k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 531.9k $109.9m | Reduced -143.9k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 515.2k $106.5m | Added +145.1k |
| Canoe Financial LP 1.39% of their portfolio | 493.3k $102.0m | Reduced -159.4k |
| PANAGORA ASSET MANAGEMENT INC 0.38% of their portfolio | 492.1k $101.7m | Added +378.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 481.8k $97.1m | Added +8.1k |
| Boston Partners 0.10% of their portfolio | 468.5k $96.9m | Added +30.0k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 452.6k $93.6m | Reduced -368.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 421.1k $87.0m | Reduced -21.2k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 411.5k $85.1m | Added +14.1k |
| LSV ASSET MANAGEMENT 0.18% of their portfolio | 411.0k $85.0m | Added +19.1k |
| Davis Asset Management, L.P. 2.45% of their portfolio | 410.0k $84.8m | Added +10.0k |
| Korea Investment CORP 0.17% of their portfolio | 385.5k $79.7m | Added +29.0k |
| AGF MANAGEMENT LTD 0.35% of their portfolio | 375.0k $77.5m | Added +36.1k |
| STIFEL FINANCIAL CORP 0.07% of their portfolio | 368.3k $76.1m | Added +1.2k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 364.7k $75.2m | Reduced -31.8k |
| Amundi 0.02% of their portfolio | 361.1k $74.7m | Added +39.5k |
| HUNTINGTON NATIONAL BANK 0.41% of their portfolio | 358.1k $74.0m | Reduced -6.7k |
| California Public Employees Retirement System 0.04% of their portfolio | 349.4k $72.2m | Added +31.9k |
| ANCHOR CAPITAL ADVISORS LLC 2.05% of their portfolio | 347.7k $71.9m | Reduced -6.5k |
| RNC CAPITAL MANAGEMENT LLC 3.14% of their portfolio | 347.1k $71.8m | Reduced -18.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 343.5k $71.0m | Added +15.5k |
| Vanguard Global Advisers, LLC 0.04% of their portfolio | 337.8k $69.8m | First filing |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 337.7k $69.8m | Reduced -28.6k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 333.3k $68.9m | Reduced -396.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 332.0k $68.6m | Added +26.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.06% of their portfolio | 311.5k $64.4m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 307.7k $63.6m | Added +38.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 302.4k $62.5m | Reduced -76.0k |
| MARSHALL WACE, LLP 0.07% of their portfolio | 301.6k $62.4m | Added +244.1k |
| COOKE & BIELER LP 0.70% of their portfolio | 299.4k $61.9m | Reduced -25.1k |
| Munich Reinsurance Co Stock Corp in Munich 1.51% of their portfolio | 296.3k $61.2m | Reduced -54.8k |
| Smead Capital Management, Inc. 1.32% of their portfolio | 293.9k $60.7m | Reduced -43.7k |
| NATIXIS ADVISORS, LLC 0.08% of their portfolio | 289.8k $59.9m | Added +28.4k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 287.7k $59.5m | Reduced -5.0k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 282.2k $58.3m | Reduced -22.4k |
| National Pension Service 0.04% of their portfolio | 275.2k $56.9m | Reduced -2.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 272.7k $56.4m | Reduced -242.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 261.1k $54.0m | Added +4.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.25% of their portfolio | 244.6k $50.6m | Added +128.6k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 2.17% of their portfolio | 244.3k $50.5m | Added +3.3k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 241.2k $49.9m | Added +193.8k |
| JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio | 225.8k $45.4m | Added +215.2k |
| ABSHER WEALTH MANAGEMENT, LLC 5.33% of their portfolio | 220.0k $45.5m | Reduced -30.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 215.5k $44.6m | Reduced -12.9k |
| Quantinno Capital Management LP 0.07% of their portfolio | 214.8k $44.4m | Added +77.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 214.4k $44.3m | Reduced -4.1k |
| MILLER HOWARD INVESTMENTS INC /NY 1.20% of their portfolio | 213.0k $44.0m | Added +510 |
| Advisors Capital Management, LLC 0.51% of their portfolio | 211.9k $43.8m | Added +4.9k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 211.4k $43.6m | Reduced -53.9k |
| Caisse de depot et placement du Quebec 0.07% of their portfolio | 198.9k $41.1m | Added +28.4k |
| Lansforsakringar Fondforvaltning AB (publ) 0.20% of their portfolio | 185.3k $38.3m | Reduced -21.8k |
| CITIGROUP INC 0.02% of their portfolio | 182.5k $37.7m | Added +22.7k |
| Swiss Life Asset Management Ltd 0.03% of their portfolio | 178.7k $5.2m | Added +167.4k |
| ARIEL INVESTMENTS, LLC 0.41% of their portfolio | 177.6k $36.7m | Reduced -2.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 175.6k $36.3m | Reduced -6.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 154.7k $31.1m | Added +34.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 153.8k $31.8m | Reduced -187.2k |
| DANSKE BANK A/S 0.07% of their portfolio | 144.5k $29.9m | Reduced -3.5k |
| Aware Super Pty Ltd as trustee of Aware Super 0.45% of their portfolio | 144.4k $29.9m | First filing |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.44% of their portfolio | 144.4k $29.9m | Reduced -4.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 143.4k $29.6m | Reduced -745 |
| LGT CAPITAL PARTNERS LTD. 1.49% of their portfolio | 135.3k $28.0m | Reduced -72.5k |
| LPL Financial LLC 0.01% of their portfolio | 134.2k $27.7m | Added +4.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 129.8k $26.8m | Added +5.3k |
| Mariner, LLC 0.03% of their portfolio | 123.5k $25.5m | Added +100.4k |
| Polaris Capital Management, LLC 2.07% of their portfolio | 122.6k $25.3m | Reduced -3.4k |
| ADAMS DIVERSIFIED EQUITY FUND, INC. 0.87% of their portfolio | 119.9k $24.8m | Added +22.3k |
| Ensign Peak Advisors, Inc 0.05% of their portfolio | 119.5k $24.7m | Added +52.9k |
| Aberdeen Group plc 0.04% of their portfolio | 119.5k $24.7m | Added +2.3k |