DaveManuel.com · Institutional Ownership · Who Owns It
M & T BK CORP (MTB)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
1,171
Reporting holders
$31.6B
Reported value
91.6%
Of shares outstanding
0.3%
Calls
0.1%
Puts
+52
Holder change
Institutions report 132,291,495 shares against 144,416,262 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $3.1B | 12,846,003 | 0.05% | 8q | -1.2%-$37.0M |
| FMR LLC | $3.0B | 12,417,262 | 0.13% | 31q | -5.7%-$179.5M |
| WELLINGTON MANAGEMENT GROUP LLP | $2.3B | 9,801,881 | 0.40% | 31q | -1.5%-$35.8M |
| VANGUARD CAPITAL MANAGEMENT LLC | $2.3B | 9,566,754 | 0.05% | 2q | -2.2%-$50.4M |
| STATE STREET CORP | $1.7B | 7,112,644 | 0.05% | 31q | -0.5%-$9.4M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.7B | 7,080,537 | 0.08% | 2q | -5.4%-$97.1M |
| GEODE CAPITAL MANAGEMENT, LLC | $1.0B | 4,348,008 | 0.05% | 31q | -1.5%-$16.2M |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | $981.2M | 4,122,590 | 0.67% | 31q | HELD |
| JPMORGAN CHASE & CO | $967.8M | 4,045,990 | 0.05% | 31q | +1.0%+$10.0M |
| Invesco Ltd. | $958.0M | 4,025,037 | 0.08% | 31q | +0.6%+$5.5M |
| MORGAN STANLEY | $854.5M | 3,590,085 | 0.05% | 35q | -19.4%-$205.2M |
| NORGES BANK | $472.5M | 1,985,145 | 0.05% | 32q | -0.7%-$3.2M |
| DIMENSIONAL FUND ADVISORS LP | $378.4M | 1,589,579 | 0.07% | 31q | +0.9%+$3.2M |
| NORTHERN TRUST CORP | $355.1M | 1,491,910 | 0.04% | 31q | -1.9%-$6.8M |
| Bank of New York Mellon Corp | $331.0M | 1,390,604 | 0.05% | 31q | HELD |
| GOLDMAN SACHS GROUP INC | $325.3M | 1,366,905 | 0.03% | 31q | +17.9%+$49.4M |
| BANK OF AMERICA CORP /DE/ | $315.3M | 1,324,600 | 0.02% | 31q | -17.7%-$67.6M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $284.1M | 1,191,392 | 0.09% | 15q | +1.1%+$3.0M |
| Nuveen, LLC | $273.1M | 1,147,480 | 0.07% | 6q | -17.5%-$58.0M |
| M&T Bank Corp | $273.1M incl. $665 options PUT | 1,147,230 | 0.80% | 31q | HELD |
| Legal & General Group Plc | $254.7M | 1,069,943 | 0.05% | 31q | HELD |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $252.4M | 1,060,517 | 0.05% | 31q | +2.6%+$6.3M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $238.3M | 1,001,352 | 0.03% | 31q | -1.5%-$3.6M |
| JENNISON ASSOCIATES LLC | $232.0M | 974,692 | 0.14% | 6q | HELD |
| MENORA MIVTACHIM HOLDINGS LTD. | $229.1M | 962,619 | 0.89% | 11q | HELD |
| UBS Group AG | $206.8M | 868,700 | 0.03% | 31q | -5.7%-$12.5M |
| LONDON CO OF VIRGINIA | $201.2M | 845,405 | 1.15% | 31q | -4.2%-$8.9M |
| VANGUARD FIDUCIARY TRUST CO | $195.7M | 822,084 | 0.04% | 2q | -3.5%-$7.1M |
| WELLS FARGO & COMPANY/MN | $166.2M | 698,300 | 0.03% | 31q | +29.9%+$38.3M |
| ANCHOR CAPITAL ADVISORS LLC | $159.8M | 671,462 | 2.25% | 31q | +93.1%+$77.1M |
| NEUBERGER BERMAN GROUP LLC | $156.2M | 656,084 | 0.10% | 31q | +27.3%+$33.5M |
| FRANKLIN RESOURCES INC | $135.9M | 571,032 | 0.03% | 31q | -5.0%-$7.2M |
| Thrivent Financial for Lutherans | $134.5M | 565,114 | 0.23% | 31q | -1.7%-$2.3M |
| PANAGORA ASSET MANAGEMENT INC | $132.8M | 558,079 | 0.41% | 31q | +13.4%+$15.7M |
| FIRST TRUST ADVISORS LP | $132.3M | 556,027 | 0.08% | 31q | +22.9%+$24.6M |
| DEUTSCHE BANK AG\ | $123.7M | 519,547 | 0.04% | 34q | -2.3%-$2.9M |
| Canoe Financial LP | $119.1M | 500,469 | 1.48% | 10q | +1.5%+$1.7M |
| Boston Partners | $112.9M | 474,401 | 0.10% | 6q | +1.3%+$1.4M |
| Korea Investment CORP | $107.7M | 452,488 | 0.20% | 17q | +17.4%+$15.9M |
| LSV ASSET MANAGEMENT | $101.8M | 427,627 | 0.18% | 14q | +4.0%+$4.0M |
| ALLIANCEBERNSTEIN L.P. | $98.0M | 474,047 | 0.03% | 31q | -1.6%-$1.6M |
| Davis Asset Management, L.P. | $97.6M | 410,000 | 2.47% | 14q | HELD |
| HSBC HOLDINGS PLC | $94.4M | 396,157 | 0.04% | 31q | +18.9%+$15.0M |
| Sumitomo Mitsui Trust Group, Inc. | $93.6M | 393,349 | 0.05% | 31q | -6.6%-$6.6M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $92.9M incl. $77.3M options CALL+PUT | 65,234 | 0.01% | 31q | +54.8%+$32.9M |
| Russell Investments Group, Ltd. | $92.6M | 388,827 | 0.08% | 31q | +6.6%+$5.7M |
| Amundi | $92.6M | 388,916 | 0.02% | 21q | +7.7%+$6.6M |
| STIFEL FINANCIAL CORP | $86.5M | 363,534 | 0.07% | 31q | -1.3%-$1.1M |
| Mitsubishi UFJ Asset Management Co., Ltd. | $85.5M | 359,037 | 0.05% | 31q | +4.5%+$3.7M |
| California Public Employees Retirement System | $85.3M | 358,485 | 0.05% | 31q | +2.6%+$2.2M |
| HUNTINGTON NATIONAL BANK | $85.3M | 358,437 | 0.41% | 31q | HELD |
| BNP PARIBAS FINANCIAL MARKETS | $82.5M | 346,679 | 0.03% | 31q | +14.6%+$10.5M |
| Quantinno Capital Management LP | $82.5M | 346,609 | 0.10% | 14q | +61.4%+$31.4M |
| RNC CAPITAL MANAGEMENT LLC | $82.4M | 346,081 | 3.40% | 17q | HELD |
| VANGUARD ASSET MANAGEMENT, Ltd | $80.3M | 337,388 | 0.05% | 2q | +8.3%+$6.2M |
| NATIXIS ADVISORS, LLC | $77.5M | 325,598 | 0.09% | 31q | +12.4%+$8.5M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $77.5M | 325,541 | 0.03% | new | NEW |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $76.9M | 323,058 | 0.35% | 18q | +32.1%+$18.7M |
| Vanguard Global Advisers, LLC | $76.5M | 321,518 | 0.04% | 2q | -4.8%-$3.9M |
| ENVESTNET ASSET MANAGEMENT INC | $75.9M | 318,844 | 0.02% | 31q | +3.6%+$2.7M |
| ROYAL BANK OF CANADA | $72.4M | 304,175 | 0.01% | 31q | -8.4%-$6.6M |
| COOKE & BIELER LP | $71.3M | 299,450 | 0.82% | 15q | HELD |
| BANK OF MONTREAL /CAN/ | $71.2M | 299,160 | 0.02% | 31q | +6.0%+$4.0M |
| BARCLAYS PLC | $71.1M | 298,800 | 0.01% | 31q | -54.0%-$83.6M |
| Munich Reinsurance Co Stock Corp in Munich | $70.5M | 296,290 | 1.54% | 4q | HELD |
| Caisse de depot et placement du Quebec | $70.2M | 294,938 | 0.10% | 7q | +48.3%+$22.9M |
| PFA Pension, Forsikringsaktieselskab | $69.8M | 293,096 | 0.18% | 3q | +237.6%+$49.1M |
| Smead Capital Management, Inc. | $66.1M | 277,594 | 1.42% | 11q | -5.5%-$3.9M |
| RHUMBLINE ADVISERS | $65.3M | 274,181 | 0.05% | 31q | -4.7%-$3.2M |
| National Pension Service | $64.8M | 272,367 | 0.04% | 31q | -1.0%-$679.0K |
| MILLER HOWARD INVESTMENTS INC /NY | $63.3M | 265,769 | 1.68% | 3q | +24.8%+$12.6M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $62.3M | 261,834 | 0.05% | 31q | -4.0%-$2.6M |
| VICTORY CAPITAL MANAGEMENT INC | $61.6M | 258,641 | 0.03% | 31q | -1.0%-$592.2K |
| JONES FINANCIAL COMPANIES LLLP | $59.9M | 252,660 | 0.02% | 11q | +11.9%+$6.4M |
| BERKSHIRE ASSET MANAGEMENT LLC/PA | $58.2M | 244,663 | 2.29% | 31q | HELD |
| CANADA PENSION PLAN INVESTMENT BOARD | $54.8M | 230,205 | 0.03% | 11q | +147.8%+$32.7M |
| Squarepoint Ops LLC | $53.4M | 224,397 | 0.06% | 16q | +786.4%+$47.4M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $50.5M | 212,140 | 0.05% | 31q | -1.1%-$540.0K |
| AQR CAPITAL MANAGEMENT LLC | $49.6M | 208,447 | 0.02% | 31q | -1.4%-$701.9K |
| PRICE T ROWE ASSOCIATES INC /MD/ | $48.6M | 204,179 | 0.00% | 31q | -5.3%-$2.7M |
| CITIGROUP INC | $48.0M | 201,842 | 0.02% | 31q | +10.6%+$4.6M |
| ABSHER WEALTH MANAGEMENT, LLC | $44.6M | 187,183 | 5.07% | 22q | -14.9%-$7.8M |
| CITADEL ADVISORS LLC | $44.5M incl. $13.7M options CALL+PUT | 129,162 | 0.01% | 31q | +38.8%+$12.4M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $42.6M | 179,156 | 0.06% | 16q | +1778.1%+$40.4M |
| ARIEL INVESTMENTS, LLC | $41.6M | 174,574 | 0.41% | 19q | -1.7%-$728.5K |
| Assenagon Asset Management S.A. | $40.3M | 169,284 | 0.03% | 16q | +81.9%+$18.1M |
| AMERIPRISE FINANCIAL INC | $40.2M | 168,765 | 0.01% | 31q | -59.0%-$57.8M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $39.7M | 165,967 | 0.03% | 31q | +7.3%+$2.7M |
| PRINCIPAL FINANCIAL GROUP INC | $39.6M | 166,319 | 0.02% | 31q | -5.3%-$2.2M |
| Tredje AP-fonden | $35.4M | 148,800 | 0.16% | 19q | +137.5%+$20.5M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $34.8M | 145,949 | 0.03% | 17q | +37.1%+$9.4M |
| DANSKE BANK A/S | $34.7M | 145,720 | 0.07% | 10q | +0.8%+$285.6K |
| Aware Super Pty Ltd as trustee of Aware Super | $34.4M | 144,434 | 0.49% | 2q | HELD |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $32.1M | 134,723 | 0.42% | 31q | -6.7%-$2.3M |
| LPL Financial LLC | $31.9M | 134,231 | 0.01% | 31q | HELD |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | $31.7M | 133,372 | 0.06% | 31q | -7.0%-$2.4M |
| Arbejdsmarkedets Tillaegspension | $30.2M | 126,700 | 0.66% | new | NEW |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $30.0M | 125,865 | 0.05% | 31q | +8.6%+$2.4M |
| JANE STREET GROUP, LLC | $29.3M incl. $26.8M options CALL+PUT | 10,622 | 0.00% | 16q | -82.4%-$137.7M |
| TUDOR INVESTMENT CORP ET AL | $29.1M incl. $261.8K options CALL | 121,043 | 0.04% | 8q | HELD |
Showing the largest 100 of 1,172 reported holders. The count of 1,171 above leaves out 1 position whose reported value failed our price check; it is listed here as filed.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-09 | PEARSON KEVIN J | Vice Chairman | Sold | 23,358 | $5.3M ×2 |
| 2026-09-14 | JONES RENE F | Chairman of the Board and CEO | Sold | 19,396 | $4.6M |
| 2026-07-15 | PEARSON KEVIN J | Vice Chairman | Sold | 2,000 | $484.0K |
| 2026-10-16 | PEARSON KEVIN J | Vice Chairman | Sold | 2,000 | $441.5K |
| 2026-06-04 | PEARSON KEVIN J | Vice Chairman | Sold | 2,000 | $440.0K |
| 2026-08-17 | Taylor John R. | EVP and Controller | Sold | 1,217 | $308.9K |
| 2026-06-15 | Taylor John R. | EVP and Controller | Sold | 1,098 | $256.1K |
| 2026-07-01 | Woodrow Tracy S. | Sr. Executive Vice President | Sold | 881 | $213.2K |
| 2026-08-03 | Ledgett Richard H. Jr. | Director | Sold | 855 | $212.2K |
| 2026-08-21 | Seseri Rudina | Director | Sold | 623 | $150.2K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 415 | $1.0B | 4,807,020 | 38 | 124 | 107 | 0.0% |
| Q2 2026 | 1,171 | $31.6B | 132,291,495 | 119 | 351 | 375 | 0.5% |
| Q1 2026 | 1,119 | $27.6B | 132,950,781 | 91 | 367 | 355 | 0.7% |
| Q4 2025 | 1,111 | $27.8B | 136,748,529 | 97 | 308 | 367 | 0.8% |
| Q3 2025 | 1,068 | $28.0B | 140,795,843 | 93 | 373 | 304 | 0.7% |
| Q2 2025 | 1,036 | $26.8B | 137,562,579 | 86 | 345 | 342 | 0.5% |
| Q1 2025 | 1,046 | $25.3B | 141,099,928 | 91 | 357 | 342 | 0.5% |
| Q4 2024 | 1,052 | $27.4B | 144,617,378 | 118 | 321 | 322 | 0.7% |
| Q3 2024 | 954 | $27.1B | 151,166,170 | 105 | 294 | 322 | 0.9% |
| Q2 2024 | 926 | $22.7B | 148,934,743 | 91 | 302 | 291 | 0.8% |
| Q1 2024 | 905 | $22.8B | 155,138,760 | 89 | 257 | 336 | 1.0% |
| Q4 2023 | 894 | $21.0B | 151,867,700 | 103 | 250 | 304 | 0.9% |
| Q3 2023 | 815 | $18.4B | 139,589,387 | 63 | 250 | 287 | 3.9% |
| Q2 2023 | 838 | $18.0B | 139,400,109 | 86 | 255 | 311 | 4.0% |
| Q1 2023 | 828 | $17.9B | 147,117,869 | 76 | 262 | 311 | 1.5% |
| Q4 2022 | 898 | $20.6B | 140,868,474 | 82 | 225 | 343 | 0.8% |
| Q3 2022 | 905 | $73.2B | 554,299,283 | 95 | 260 | 318 | 0.2% |
| Q2 2022 | 873 | $65.6B | 580,832,963 | 185 | 401 | 141 | 0.2% |
| Q1 2022 | 747 | $42.1B | 246,525,677 | 106 | 229 | 233 | 0.8% |
| Q4 2021 | 695 | $40.2B | 260,700,727 | 79 | 205 | 202 | 0.4% |
| Q3 2021 | 643 | $39.4B | 263,154,623 | 60 | 207 | 202 | 0.4% |
| Q2 2021 | 667 | $36.1B | 247,296,605 | 62 | 228 | 197 | 0.4% |
| Q1 2021 | 646 | $28.8B | 189,023,133 | 71 | 188 | 224 | 0.4% |
| Q4 2020 | 613 | $26.9B | 210,241,269 | 91 | 178 | 211 | 0.5% |
| Q3 2020 | 570 | $25.7B | 277,667,572 | 55 | 214 | 185 | 0.3% |
| Q2 2020 | 592 | $27.3B | 261,762,925 | 75 | 181 | 202 | 0.3% |
| Q1 2020 | 585 | $94.7B | 914,108,111 | 50 | 187 | 199 | 0.1% |
| Q4 2019 | 666 | $161.2B | 949,404,216 | 54 | 189 | 224 | 0.1% |
| Q3 2019 | 634 | $52.7B | 333,120,955 | 38 | 160 | 250 | 0.2% |
| Q2 2019 | 677 | $53.6B | 314,411,239 | 66 | 197 | 227 | 0.2% |
| Q1 2019 | 689 | $53.7B | 341,477,812 | 57 | 228 | 201 | 0.1% |
| Q4 2018 | 685 | $49.0B | 341,659,959 | 7 | 10 | 14 | 0.1% |