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 ($114.5m this quarter). Holder counts are more reliable. Shares outstanding: 144.4m as of 2026-07-31, 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 ≈ $237.86. Options: 16 managers hold calls ($117.9m notional), 10 hold puts ($36.9m).
Trends to Q2 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 |
| Q2 2026 | 1,162 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 512 | 476 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $124.2m | $82.7m | 0.67 |
| Q4 2025 | $112.7m | $114.0m | 1.01 |
| Q1 2026 | $127.1m | $71.4m | 0.56 |
| Q2 2026 | $117.9m | $36.9m | 0.31 |
Biggest buyers
| M&T Bank Corp | Added | +538.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +325.5k |
| GOLDMAN SACHS GROUP INC | Added | +207.5k |
| PFA Pension, Forsikringsaktieselskab | Added | +206.3k |
| Squarepoint Ops LLC | Added | +199.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +169.6k |
| WELLS FARGO & COMPANY/MN | Added | +160.8k |
| NEUBERGER BERMAN GROUP LLC | Added | +140.8k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +137.3k |
| Quantinno Capital Management LP | Added | +131.8k |
Biggest sellers
| MORGAN STANLEY | Reduced | -862.0k |
| FMR LLC | Reduced | -754.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -408.0k |
| BARCLAYS PLC | Reduced | -351.3k |
| MARSHALL WACE, LLP | Sold out | -301.6k |
| AGF MANAGEMENT LTD | Reduced | -291.5k |
| BANK OF AMERICA CORP /DE/ | Reduced | -284.0k |
| FEDERATED HERMES, INC. | Reduced | -253.2k |
| Nuveen, LLC | Reduced | -243.6k |
| AMERIPRISE FINANCIAL INC | Reduced | -242.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $53.3m224.0k shares |
| JANE STREET GROUP, LLC | Reduced | $19.9m83.6k shares |
| CITADEL ADVISORS LLC | Reduced | $10.2m43.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $9.5m40.0k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $9.5m40.0k shares |
| IMC-Chicago, LLC | Reduced | $7.9m33.2k shares |
| Walleye Trading LLC | Added | $3.8m16.0k shares |
| Twin Tree Management, LP | Reduced | $1.7m7.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $571.2k2.4k shares |
| GROUP ONE TRADING LLC | Added | $452.2k1.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $24.0m100.9k shares |
| JANE STREET GROUP, LLC | Reduced | $6.9m29.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.5m14.7k shares |
| Walleye Trading LLC | Added | $761.6k3.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $642.6k2.7k shares |
| Alphadyne Asset Management LP | Reduced | $547.4k2.3k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $357.0k1.5k shares |
| Walleye Capital LLC | Added | $119.0k500 shares |
| PEAK6 LLC | Reduced | $47.6k200 shares |
| M&T Bank Corp | Added | $665133 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2026 | 0 | — | 3 | $6.6m | $5.7m |
| Q3 2026 | 0 | — | 7 | $6.0m | $5.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-14 | JONES RENE F Chairman of the Board and CEO, director | Sold plan | $4.6m19.4k shares |
| 2026-08-21 | Seseri Rudina Director | Sold | $150.2k623 shares |
| 2026-08-17 | Taylor John R. EVP and Controller | Sold | $308.9k1.2k shares |
| 2026-08-05 | WALTERS KIRK W Director · By 401(k) Plan | Sold | $2.4k9 shares |
| 2026-08-03 | Ledgett Richard H. Jr. Director | Sold | $212.2k855 shares |
| 2026-07-15 | PEARSON KEVIN J Vice Chairman | Sold plan | $484.0k2.0k shares |
| 2026-07-01 | Woodrow Tracy S. Sr. Executive Vice President | Sold plan | $213.2k881 shares |
| 2026-06-15 | Taylor John R. EVP and Controller | Sold | $256.1k1.1k shares |
| 2026-06-09 | PEARSON KEVIN J Vice Chairman | Sold plan | $5.3m23.4k shares |
| 2026-06-04 | PEARSON KEVIN J Vice Chairman | Sold plan | $440.0k2.0k shares |
| 2026-05-07 | Kay Christopher E. Sr. Executive Vice President | Sold | $672.2k3.1k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 12.8m $3.1bn | Reduced -155.5k |
| FMR LLC 0.13% of their portfolio | 12.4m $3.0bn | Reduced -754.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.40% of their portfolio | 9.8m $2.3bn | Reduced -150.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 9.6m $2.3bn | Reduced -211.9k |
| STATE STREET CORP 0.05% of their portfolio | 7.1m $1.7bn | Reduced -39.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.08% of their portfolio | 7.1m $1.7bn | Reduced -408.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 4.3m $1.0bn | Reduced -68.1k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.67% of their portfolio | 4.1m $981.2m | Unchanged |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 4.0m $967.8m | Added +41.8k |
| Invesco Ltd. 0.08% of their portfolio | 4.0m $958.0m | Added +23.1k |
| MORGAN STANLEY 0.05% of their portfolio | 3.6m $854.5m | Reduced -862.0k |
| NORGES BANK 0.05% of their portfolio | 2.0m $472.5m | Not comparable |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.6m $378.4m | Added +13.5k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.5m $355.1m | Reduced -28.4k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.4m $331.0m | Added +1.4k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.4m $325.3m | Added +207.5k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.3m $315.3m | Reduced -284.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 1.2m $284.1m | Added +12.8k |
| Nuveen, LLC 0.07% of their portfolio | 1.1m $273.1m | Reduced -243.6k |
| M&T Bank Corp 0.80% of their portfolio | 1.1m $273.1m | Added +538.9k |
| Legal & General Group Plc 0.05% of their portfolio | 1.1m $254.7m | Added +4.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.1m $252.4m | Added +26.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.0m $238.3m | Reduced -15.3k |
| JENNISON ASSOCIATES LLC 0.14% of their portfolio | 974.7k $232.0m | Reduced -617 |
| MENORA MIVTACHIM HOLDINGS LTD. 0.89% of their portfolio | 962.6k $229.1m | Unchanged |
| UBS Group AG 0.03% of their portfolio | 868.7k $206.8m | Reduced -52.4k |
| LONDON CO OF VIRGINIA 1.15% of their portfolio | 845.4k $201.2m | Reduced -37.3k |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 822.1k $195.7m | Reduced -30.0k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 698.3k $166.2m | Added +160.8k |
| NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio | 656.1k $156.2m | Added +140.8k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 571.0k $135.9m | Reduced -30.2k |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 565.1k $134.5m | Reduced -9.5k |
| PANAGORA ASSET MANAGEMENT INC 0.41% of their portfolio | 558.1k $132.8m | Added +66.0k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 556.0k $132.3m | Added +103.5k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 519.5k $123.7m | Reduced -12.3k |
| Canoe Financial LP 1.48% of their portfolio | 500.5k $119.1m | Added +7.2k |
| Boston Partners 0.10% of their portfolio | 474.4k $112.9m | Added +5.9k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 474.0k $98.0m | Reduced -7.8k |
| Korea Investment CORP 0.20% of their portfolio | 452.5k $107.7m | Added +67.0k |
| LSV ASSET MANAGEMENT 0.18% of their portfolio | 427.6k $101.8m | Added +16.6k |
| Davis Asset Management, L.P. 2.47% of their portfolio | 410.0k $97.6m | Unchanged |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 396.2k $94.4m | Added +62.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 393.3k $93.6m | Reduced -27.7k |
| Amundi 0.02% of their portfolio | 388.9k $92.6m | Added +27.8k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 388.8k $92.6m | Added +24.1k |
| STIFEL FINANCIAL CORP 0.07% of their portfolio | 363.5k $86.5m | Reduced -4.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 359.0k $85.5m | Added +15.5k |
| California Public Employees Retirement System 0.05% of their portfolio | 358.5k $85.3m | Added +9.1k |
| HUNTINGTON NATIONAL BANK 0.41% of their portfolio | 358.4k $85.3m | Added +288 |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 346.7k $82.5m | Added +44.3k |
| Quantinno Capital Management LP 0.10% of their portfolio | 346.6k $82.5m | Added +131.8k |
| RNC CAPITAL MANAGEMENT LLC 3.40% of their portfolio | 346.1k $82.4m | Reduced -1.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.05% of their portfolio | 337.4k $80.3m | Added +25.9k |
| ANCHOR CAPITAL ADVISORS LLC 2.25% of their portfolio | 335.7k $79.9m | Reduced -12.0k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 325.6k $77.5m | Added +35.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 325.5k $77.5m | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.36% of their portfolio | 323.1k $76.9m | Added +78.5k |
| Vanguard Global Advisers, LLC 0.04% of their portfolio | 321.5k $76.5m | Reduced -16.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 318.8k $75.9m | Added +11.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 304.2k $72.4m | Reduced -27.9k |
| COOKE & BIELER LP 0.82% of their portfolio | 299.4k $71.3m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 299.2k $71.2m | Added +17.0k |
| BARCLAYS PLC 0.02% of their portfolio | 298.8k $71.1m | Reduced -351.3k |
| Munich Reinsurance Co Stock Corp in Munich 1.54% of their portfolio | 296.3k $70.5m | Unchanged |
| Caisse de depot et placement du Quebec 0.10% of their portfolio | 294.9k $70.2m | Added +96.0k |
| PFA Pension, Forsikringsaktieselskab 0.18% of their portfolio | 293.1k $69.8m | Added +206.3k |
| Smead Capital Management, Inc. 1.42% of their portfolio | 277.6k $66.1m | Reduced -16.3k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 274.2k $65.3m | Reduced -13.5k |
| National Pension Service 0.04% of their portfolio | 272.4k $64.8m | Reduced -2.9k |
| MILLER HOWARD INVESTMENTS INC /NY 1.68% of their portfolio | 265.8k $63.3m | Added +52.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 261.8k $62.3m | Reduced -10.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 258.6k $61.6m | Reduced -2.5k |
| JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio | 252.7k $59.9m | Added +26.8k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 2.29% of their portfolio | 244.7k $58.2m | Added +407 |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 230.2k $54.8m | Added +137.3k |
| Squarepoint Ops LLC 0.10% of their portfolio | 224.4k $53.4m | Added +199.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 212.1k $50.5m | Reduced -2.3k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 208.4k $49.6m | Reduced -2.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 204.2k $48.6m | Reduced -11.4k |
| CITIGROUP INC 0.02% of their portfolio | 201.8k $48.0m | Added +19.3k |
| ABSHER WEALTH MANAGEMENT, LLC 5.07% of their portfolio | 187.2k $44.6m | Reduced -32.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 179.2k $42.6m | Added +169.6k |
| ARIEL INVESTMENTS, LLC 0.41% of their portfolio | 174.6k $41.6m | Reduced -3.1k |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 169.3k $40.3m | Added +76.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 168.8k $40.2m | Reduced -242.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 166.3k $39.6m | Reduced -9.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 166.0k $39.7m | Added +11.3k |
| Tredje AP-fonden 0.16% of their portfolio | 148.8k $35.4m | Added +86.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 145.9k $34.8m | Added +39.5k |
| DANSKE BANK A/S 0.07% of their portfolio | 145.7k $34.7m | Added +1.2k |
| Aware Super Pty Ltd as trustee of Aware Super 0.49% of their portfolio | 144.4k $34.4m | Unchanged |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.42% of their portfolio | 134.7k $32.1m | Reduced -9.7k |
| LPL Financial LLC 0.01% of their portfolio | 134.2k $31.9m | Added +18 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 133.4k $31.7m | Reduced -10.1k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 129.2k $30.7m | Added +36.1k |
| Arbejdsmarkedets Tillaegspension 0.66% of their portfolio | 126.7k $30.2m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 125.9k $30.0m | Added +9.9k |
| Aberdeen Group plc 0.04% of their portfolio | 121.1k $28.8m | Added +1.6k |
| TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio | 121.0k $28.8m | New |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 120.3k $28.6m | Reduced -9.4k |