M&T Bank

MTB • NYSE

M&T Bank is a banks - regional company in the financial services sector on NYSE, led by René F. Jones, with a market cap of $31.3B. As of Q3 2025, 86% of shares are held by 1,022 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.17%.

Chairman and Chief Executive OfficerRené F. Jones

Market Cap$31.3B

Banks - Regional

Financial Services

Employees21.9K

Websitewww3.mtb.com

Country

United States of America

Overview

Overview of institutional ownership in MTB as of Q3 2025 with a market cap of $30.9B

All Institutions

Institutions: 1,022
Value Held: $26.6B
Shares Held: 134.5M
Avg Position: $26.0M
Median Position: $675.5K

Hedge Funds

Hedge Funds: 53
Value Held: $385.7M
Shares Held: 2.0M
Avg Position: $7.3M
Median Position: $2.1M

Ownership Breakdown

Institutional (non-HF)

84.76%

$26.2B

Hedge Funds

1.25%

$385.7M

Retail & Other

13.99%

$4.3B

Based on market cap of $30.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in MTB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.8B 0.06% of portfolio	12.17% 19.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$2.5B 0.04% of portfolio	7.95% 12.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$2.4B 0.13% of portfolio	7.82% 12.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$2.0B 0.35% of portfolio	6.55% 10.2M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.5B 0.05% of portfolio	4.77% 7.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.2B 0.07% of portfolio	3.98% 6.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.1B 0.07% of portfolio	3.62% 5.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$849.5M 0.05% of portfolio	2.76% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	$814.7M 0.68% of portfolio	2.64% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$119.95B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$727.3M 0.11% of portfolio	2.36% 3.7M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for MTB in Q3 2025

Traded: +$118.7M
Buyers: 501
Sellers: 381
Total Bought: +$1.1B
Total Sold: −$1.0B
Avg Position: $24.5M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$99.2M +502.1K shares	$2.4B 12.2M shares
Robeco Investment Management, Inc. Long Only Manager	+$80.7M +408.5K shares	$83.1M 420.4K shares
MORGAN STANLEY RIA/Wealth	+$71.0M +359.1K shares	$1.2B 6.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$66.6M +336.8K shares	$267.9M 1.4M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$54.6M +276.5K shares	$2.0B 10.2M shares
JENNISON ASSOCIATES LLC Long Only Manager	+$50.9M +257.4K shares	$166.1M 840.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$41.3M +209.1K shares	$61.6M 311.8K shares
ARIEL INVESTMENTS, LLC Long Only Manager	+$37.0M +187.1K shares	$37.8M 191.4K shares
N Neuberger Berman Group LLC Institution	+$33.4M +169.0K shares	$37.0M 187.2K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	+$30.1M +152.4K shares	$30.5M 154.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
FIRST TRUST ADVISORS LP ETF Provider	−$75.6M −382.6K shares	$131.4M 664.9K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$68.0M −344.1K shares	$233.6M 1.2M shares
Junto Capital Management LP Hedge Fund•Long/Short	−$55.3M −285.0K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$51.8M −261.9K shares	$2.5B 12.4M shares
VANGUARD GROUP INC Institution	−$50.0M −253.2K shares	$3.8B 19.0M shares
A Artemis Investment Management LLP Institution	−$39.1M −201.7K shares	Sold Off 0 shares
STATE STREET CORP Institution	−$33.9M −171.4K shares	$1.5B 7.5M shares
J JANE STREET GROUP, LLC Institution	−$28.4M −143.8K shares	$31.7M 160.4K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$21.8M −110.5K shares	$219.1M 1.1M shares
JPMORGAN CHASE & CO Institution	−$21.2M −107.1K shares	$1.1B 5.6M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited MTB in Q3 2025

New Positions: 41
New Value: $7.7M
Exited Positions: 61
Exited Value: $234.4M

New Positions

Institution	Position Value
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$1.1M 5.4K shares
PEAK FINANCIAL ADVISORS LLC RIA/Wealth	$704.3K 3.6K shares
R Rede Wealth, LLC RIA/Wealth	$665.2K 3.4K shares
E EntryPoint Capital, LLC Hedge Fund•Long/Short	$592.3K 3.0K shares
BTG Pactual Asset Management US LLC Hedge Fund•Multi-Strategy	$584.2K 3.0K shares
Optimize Financial Inc RIA/Wealth	$448.0K 2.3K shares
T TEMA ETFS LLC Institution	$389.3K 2.0K shares
Michael S. Ryan, Inc. RIA/Wealth	$368.0K 1.9K shares
Diametric Capital, LP Hedge Fund•Long/Short	$355.9K 1.8K shares
FourThought Financial Partners, LLC RIA/Wealth	$331.2K 1.7K shares

Exited Positions

Institution	Previous Position
Junto Capital Management LP Hedge Fund•Long/Short	$55.3M 285.0K shares
A Artemis Investment Management LLP Institution	$39.1M 201.7K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$19.0M 97.9K shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	$17.8M 91.6K shares
Point72 Europe LLP Digital Asset Manager	$13.1M 67.5K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$11.6M 59.8K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$10.8M 55.6K shares
Lighthouse Investment Partners, LLC Fund of Funds	$8.2M 42.3K shares
A Algebris Ltd Institution	$7.5M 38.5K shares
Cinctive Capital Management LP Hedge Fund•Multi-Strategy	$6.1M 31.5K shares

Options Activity

Institutions with the largest Call and Put options positions in MTB as of Q3 2025

Call Positions: 20
Call Value: $116.3M
Put Positions: 22
Put Value: $82.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$31.8M 1.6K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$19.6M 993.0 contracts
J JANE STREET GROUP, LLC Institution	$15.0M 760.0 contracts
CITIGROUP INC Institution	$12.8M 648.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.2M 415.0 contracts
LEUCADIA NATIONAL CORP Institution	$7.9M 402.0 contracts
W WOLVERINE TRADING, LLC Institution	$6.5M 328.0 contracts
Interval Partners, LLC Hedge Fund•Long/Short	$4.2M 212.0 contracts
N NOMURA HOLDINGS INC Institution	$2.3M 117.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.1M 106.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.7M 894.0 contracts
CITIGROUP INC Institution	$15.6M 790.0 contracts
J JANE STREET GROUP, LLC Institution	$11.6M 588.0 contracts
W WOLVERINE TRADING, LLC Institution	$7.7M 388.0 contracts
LEUCADIA NATIONAL CORP Institution	$6.4M 325.0 contracts
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$4.0M 200.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$2.6M 1.3 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.4M 123.0 contracts
Walleye Trading LLC RIA/Wealth	$2.3M 117.0 contracts
BARCLAYS PLC Institution	$2.0M 100.0 contracts

Most Committed Institutions

Institutions with MTB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A ABSHER WEALTH MANAGEMENT, LLC RIA/Wealth	Michael Forester Absher President	5.88% $49.2M	0.16% 249.1K shares	Q1 2021 Held for 4y 8m	$836.9M
L Lesa Sroufe & Co RIA/Wealth	Lesa Anne Sroufe President	4.47% $4.5M	0.01% 22.9K shares	Q1 2025 Held for 8 months	$100.9M
SPEECE THORSON CAPITAL GROUP INC Long Only Manager	Matthew Jeremy Weight Director	3.71% $18.6M	0.06% 94.0K shares	≤ Q2 2013 Held for 12y 5m+	$500.5M
R RNC CAPITAL MANAGEMENT LLC RIA/Wealth	Daniel John Genter CEO	3.29% $71.4M	0.23% 361.4K shares	Q2 2022 Held for 3y 5m	$2.2B
Robinson Value Management, Ltd. RIA/Wealth	Amy Abbey Robinson CEO	3.01% $5.2M	0.02% 26.3K shares	Q4 2020 Held for 4y 11m	$172.4M
Siena Capital Management, LLC Hedge Fund•Sector	Daniel Kanter President	2.84% $4.7M	0.02% 24.0K shares	Q4 2023 Held for 1y 11m	$167.0M
R rhino investment partners, Inc Hedge Fund•Value	John Keith Schneider President	2.65% $8.2M	0.03% 41.5K shares	Q1 2025 Held for 8 months	$309.3M
O'Keefe Stevens Advisory, Inc. RIA/Wealth	Justin Dean Stevens President	2.48% $9.2M	0.03% 46.4K shares	Q2 2020 Held for 5y 5m	$369.3M
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	Terry Anthony Maltese President	2.45% $15.8M	0.05% 80.0K shares	Q3 2018 Held for 7y 2m	$646.2M
D Davis Asset Management, L.P. Institution	-	2.36% $64.2M	0.21% 325.0K shares	Q1 2023 Held for 2y 8m	$2.7B

Hedge Fund Spotlight

Discover hedge funds investing in MTB

Weiss Asset Management LP

Hedge Fund • Multi-Strategy

Portfolio ManagerAndrew Murray Weiss

Portfolio Value: $5.2B
Positions: 533
Last Reported: Q3 2025

Sector Allocation

Position in M&T Bank

Market Value: $1.7M
Shares Held: 8.6K
Portfolio Weight: 0.03%
Owned Since: 2025-Q1

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