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M&T Bank Corp

13F for the quarter to June 30, 2026, filed August 4, 2026 · SEC CIK 36270

Reported value
$34.1bn
52% in companies we cover
Positions we cover
1,379
Largest AAPL 3.9%
Copy, a year
+13.3%
S&P 500 +13.8%
Copy Sharpe ratio
0.76
S&P 500 0.76

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.3k$52.2k
CopyS&P 500 $10,000 copying M&T Bank Corp's filed holdings in companies we cover from August 2, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.7% (S&P 500 −31.8%); beta 0.95; alpha +0.1% a year (t = 0.08); last 12 months +15.0% against +12.1%.

Reported value by quarter

M&T Bank Corp: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $10T $20T $30T Reported value, 2013-06-30: $2.1B Reported value, 2013-09-30: $2.1B Reported value, 2013-12-31: $2.4B Reported value, 2014-03-31: $2.4B Reported value, 2014-06-30: $2.4B Reported value, 2014-09-30: $15.6B Reported value, 2014-12-31: $16B Reported value, 2015-03-31: $16B Reported value, 2015-06-30: $16.6B Reported value, 2015-09-30: $14.7B Reported value, 2015-12-31: $15.1B Reported value, 2016-03-31: $14.8B Reported value, 2016-06-30: $14.9B Reported value, 2016-09-30: $15.7B Reported value, 2016-12-31: $16.1B Reported value, 2017-03-31: $16.6B Reported value, 2017-06-30: $16.9B Reported value, 2017-09-30: $18.4B Reported value, 2017-12-31: $19.1B Reported value, 2018-03-31: $18.6B Reported value, 2018-06-30: $18.6B Reported value, 2018-09-30: $20B Reported value, 2018-12-31: $17.4B Reported value, 2019-03-31: $19.1B Reported value, 2019-06-30: $19.1B Reported value, 2019-09-30: $20B Reported value, 2019-12-31: $21.3B Reported value, 2020-03-31: $16.9B Reported value, 2020-06-30: $18.7B Reported value, 2020-09-30: $20.4B Reported value, 2020-12-31: $22.8B Reported value, 2021-03-31: $23.2B Reported value, 2021-06-30: $22.8B Reported value, 2021-09-30: $22.2B Reported value, 2021-12-31: $23.8B Reported value, 2022-03-31: $22.6B Reported value, 2022-06-30: $21.2B Reported value, 2022-09-30: $22.5B Reported value, 2022-12-31: $24.9T Reported value, 2023-03-31: $25.8B Reported value, 2023-06-30: $26.8B Reported value, 2023-09-30: $25.1B Reported value, 2023-12-31: $27.2B Reported value, 2024-03-31: $28.7B Reported value, 2024-06-30: $29.3B Reported value, 2024-09-30: $30.4B Reported value, 2024-12-31: $29.8B Reported value, 2025-03-31: $27.4B Reported value, 2025-06-30: $29.1B Reported value, 2025-09-30: $29.7B Reported value, 2025-12-31: $31.1B Reported value, 2026-03-31: $29.2B Reported value, 2026-06-30: $34.1B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $34.1B
View chart data
Period Reported value
2013-06-30 $2.1B
2013-09-30 $2.1B
2013-12-31 $2.4B
2014-03-31 $2.4B
2014-06-30 $2.4B
2014-09-30 $15.6B
2014-12-31 $16B
2015-03-31 $16B
2015-06-30 $16.6B
2015-09-30 $14.7B
2015-12-31 $15.1B
2016-03-31 $14.8B
2016-06-30 $14.9B
2016-09-30 $15.7B
2016-12-31 $16.1B
2017-03-31 $16.6B
2017-06-30 $16.9B
2017-09-30 $18.4B
2017-12-31 $19.1B
2018-03-31 $18.6B
2018-06-30 $18.6B
2018-09-30 $20B
2018-12-31 $17.4B
2019-03-31 $19.1B
2019-06-30 $19.1B
2019-09-30 $20B
2019-12-31 $21.3B
2020-03-31 $16.9B
2020-06-30 $18.7B
2020-09-30 $20.4B
2020-12-31 $22.8B
2021-03-31 $23.2B
2021-06-30 $22.8B
2021-09-30 $22.2B
2021-12-31 $23.8B
2022-03-31 $22.6B
2022-06-30 $21.2B
2022-09-30 $22.5B
2022-12-31 $24.9T
2023-03-31 $25.8B
2023-06-30 $26.8B
2023-09-30 $25.1B
2023-12-31 $27.2B
2024-03-31 $28.7B
2024-06-30 $29.3B
2024-09-30 $30.4B
2024-12-31 $29.8B
2025-03-31 $27.4B
2025-06-30 $29.1B
2025-09-30 $29.7B
2025-12-31 $31.1B
2026-03-31 $29.2B
2026-06-30 $34.1B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
AAPLApple Inc.3.89%$1.3bn4.59M−0.9% Reduced
MSFTMicrosoft Corporation2.14%$730.1m1.96M−0.8% Reduced
NVDANVIDIA Corporation2.12%$723.1m3.61M+2.0% Added
JPMJPMorgan Chase1.69%$574.9m1.76M+1.0% Added
AVGOBroadcom1.69%$574.6m1.52M+1.5% Added
AMZNAmazon1.46%$498.3m2.09M+0.4%
JNJJohnson & Johnson1.15%$392.3m1.54M+0.1%
GOOGLAlphabet Inc. (Class A)1.05%$358.6m1.00M−1.3% Reduced
LLYLilly (Eli)0.92%$314.1m261.9K+8.9% Added
CSCOCisco0.87%$297.0m2.53M+1.7% Added
MTBM&T Bank0.80%$273.1m1.15M+88.6% Added
ABBVAbbVie0.70%$238.5m947.6K+0.6% Added
METAMeta Platforms0.67%$229.4m407.2K+1.9% Added
AMATApplied Materials0.62%$213.0m294.6K+0.5%
CATCaterpillar Inc.0.61%$208.9m196.2K+4.5% Added
MAMastercard0.58%$199.6m388.6K−0.5%
HDThe Home Depot0.58%$196.6m557.6K−0.6% Reduced
BACBank of America0.55%$188.0m3.30M+3.8% Added
COSTCostco0.54%$184.6m197.3K+1.9% Added
MRKMerck & Co.0.54%$184.3m1.43M−1.3% Reduced
PGProcter & Gamble0.52%$178.8m1.22M+0.4%
ADIAnalog Devices0.49%$166.0m417.9K+1.4% Added
MSMorgan Stanley0.48%$164.4m786.5K+3.9% Added
CVXChevron Corporation0.47%$160.5m968.0K+1.5% Added
TSMTaiwan Semiconductor Manufacturing Co LTD0.47%$159.3m333.5K+1.5% Added
CTVACorteva, Inc.0.45%$152.6m1.80M−1.3% Reduced
QCOMQualcomm0.43%$145.1m785.4K+0.8% Added
TSLATesla, Inc.0.42%$143.1m340.3K+3.2% Added
BLKBlackRock0.41%$139.2m144.7K+1.8% Added
PEPPepsiCo0.41%$138.0m1.02M−1.1% Reduced
ORCLOracle Corporation0.38%$128.8m879.2K+3.6% Added
QQnity Electronics, Inc.0.38%$128.6m787.2K−1.1% Reduced
UNPUnion Pacific Corporation0.38%$128.1m470.9K+1.8% Added
UNHUnitedHealth Group0.34%$116.0m279.1K+3.1% Added
JCIJohnson Controls0.33%$111.0m759.5K+5.3% Added
IBMIBM0.32%$108.9m387.3K+2.0% Added
RTXRTX Corporation0.32%$107.7m567.8K+9.6% Added
PMPhilip Morris International0.32%$107.4m593.5K+0.8% Added
INTCIntel0.31%$105.6m756.4K+1.8% Added
COPConocoPhillips0.30%$101.2m973.5K−1.3% Reduced
KOThe Coca-Cola Company0.28%$95.2m1.17M+0.5%
APDAir Products0.28%$94.6m322.5K+1.8% Added
DEDeere & Company0.27%$93.6m147.5K+3.7% Added
VVisa Inc.0.27%$92.1m268.5K−2.5% Reduced
AEPAmerican Electric Power0.27%$92.1m672.9K+4.4% Added
LMTLockheed Martin0.27%$91.9m180.3K+1.3% Added
MUMicron Technology0.26%$89.9m77.9K+27.0% Added
VLOValero Energy0.26%$87.9m337.6K+2.9% Added
NEENextEra Energy0.25%$86.5m986.1K+1.1% Added
DHRDanaher Corporation0.24%$80.7m423.8K−1.6% Reduced
MCDMcDonald's0.23%$79.9m295.7K−1.1% Reduced
PSXPhillips 660.23%$79.6m470.8K−1.1% Reduced
NVTnVent Electric plc0.23%$78.7m464.0K+1.9% Added
TXNTexas Instruments0.23%$77.2m259.0K+4.1% Added
GEGE Aerospace0.22%$75.8m202.9K−6.1% Reduced
DISThe Walt Disney Company0.22%$74.8m777.3K+1.4% Added
ABTAbbott Laboratories0.22%$74.6m821.9K−3.9% Reduced
AMDAdvanced Micro Devices0.21%$72.7m125.1K+9.1% Added
WMTWalmart0.21%$70.3m620.3K−0.6% Reduced
DDDuPont0.20%$70.1m516.6KNew
EOGEOG Resources0.20%$68.9m531.2K+1.7% Added
TGTTarget Corporation0.20%$68.8m526.6K+3.0% Added
ADPAutomatic Data Processing0.19%$66.0m294.7K−1.0% Reduced
PFEPfizer0.19%$65.4m2.72M+2.1% Added
VZVerizon0.18%$62.9m1.48M+3.4% Added
TJXTJX Companies0.18%$62.1m410.2K−0.7% Reduced
EMREmerson Electric0.18%$60.9m425.2K+0.1%
METMetLife0.18%$60.6m716.8K+3.7% Added
LOWLowe's0.18%$59.9m271.8K−2.9% Reduced
PANWPalo Alto Networks0.17%$59.1m173.4K+8.3% Added
AMGNAmgen0.17%$58.7m162.1K−1.8% Reduced
SHWSherwin-Williams0.16%$55.2m160.3K+1.0% Added
AXPAmerican Express0.16%$54.2m160.2K+1.1% Added
KLACKLA Corporation0.16%$54.0m178.9K+935.7% Added
SBUXStarbucks0.16%$53.8m526.4K+2.8% Added
BKNGBooking Holdings0.16%$53.6m300.5K+2512.5% Added
GEVGE Vernova0.15%$52.7m44.8K+2.5% Added
TMOThermo Fisher Scientific0.14%$48.3m96.2K−0.6% Reduced
LRCXLam Research0.14%$46.4m107.1K+5.1% Added
DUKDuke Energy0.14%$45.9m362.7K+2.2% Added
TTTrane Technologies0.13%$45.5m92.7K+0.6% Added
NSCNorfolk Southern0.13%$44.0m140.0K0.0%
BMYBristol Myers Squibb0.13%$43.8m759.6K−1.6% Reduced
WMWaste Management0.12%$41.2m185.1K−2.1% Reduced
PNCPNC Financial Services0.12%$40.9m165.9K−1.8% Reduced
MMM3M0.12%$40.3m248.6K−1.9% Reduced
ORIOLD Republic International Corp0.12%$39.6m968.1K+4.7% Added
MDTMedtronic0.12%$39.3m502.1K+3.2% Added
GLWCorning Inc.0.11%$38.9m152.4K+4.5% Added
CMECME Group0.11%$38.7m175.2K+0.8% Added
USBU.S. Bancorp0.11%$36.9m611.2K−1.4% Reduced
EQIXEquinix0.11%$36.9m35.4K+7.8% Added
DOCHealthpeak Properties0.11%$36.6m1.71M+7.5% Added
APHAmphenol0.10%$35.6m201.9K−8.0% Reduced
ENBEnbridge Inc0.10%$35.6m656.2K+3.9% Added
FDXFedEx0.10%$35.3m112.7K+0.2%
CRWDCrowdStrike0.10%$34.9m45.8K+6.5% Added
MOAltria0.10%$34.8m483.5K+1.0% Added
AMTAmerican Tower0.10%$34.8m212.5K+3.4% Added
UBERUber0.10%$32.9m455.6K+2.6% Added
DOWDow Inc.0.10%$32.5m1.19M−2.3% Reduced
TAT&T0.10%$32.3m1.56M+1.1% Added
ULUnilever PLC0.09%$31.7m527.8K+3.3% Added
TRVThe Travelers Companies0.09%$31.3m94.7K−1.4% Reduced
ETNEaton Corporation0.09%$30.8m72.3K−4.9% Reduced
CMSCMS Energy0.09%$30.3m395.5K+2.1% Added
PHParker Hannifin0.09%$30.2m30.9K−4.5% Reduced
GSGoldman Sachs0.09%$29.8m29.5K+5.1% Added
CBChubb Limited0.09%$29.4m86.2K−0.2%
WFCWells Fargo0.08%$27.7m335.3K+0.4%
HONHoneywell Technologies0.08%$27.5m123.0KNew
DOVDover Corporation0.08%$27.4m122.0K+0.2%
RFRegions Financial Corporation0.08%$27.2m901.7K+4.0% Added
HONAHoneywell Aerospace0.08%$27.2m123.0KNew
PCARPaccar0.08%$27.1m225.6K+6.9% Added
CMICummins0.08%$26.0m36.4K−2.5% Reduced
LINLinde plc0.08%$25.9m49.9K−5.8% Reduced
STXSeagate Technology0.08%$25.9m26.8K−2.0% Reduced
NFLXNetflix0.07%$25.6m359.2K−11.5% Reduced
VICIVici Properties0.07%$25.2m950.7K+6.0% Added
ASMLAsml Holding NV0.07%$24.8m12.5K+10.9% Added
MRVLMarvell Technology0.07%$24.5m82.2K+9.6% Added
ACNAccenture0.07%$24.5m196.7K−0.9% Reduced
AZNAstrazeneca PLC0.07%$24.4m129.2K+4.0% Added
COFCapital One0.07%$24.3m121.1K−0.4%
CLColgate-Palmolive0.07%$24.3m264.6K−0.6% Reduced
MCOMoody's Corporation0.07%$23.5m51.8K−2.3% Reduced
ISRGIntuitive Surgical0.07%$23.5m59.0K−2.4% Reduced
PLTRPalantir Technologies Inc.0.07%$23.4m200.9K−0.4%
SNDKSandisk0.07%$23.1m10.2K+7.1% Added
EPDEnterprise Products Partners L.p.0.07%$22.5m611.8K+0.7% Added
GILDGilead Sciences0.07%$22.4m177.7K−1.8% Reduced
ANETArista Networks0.07%$22.3m131.2K+11.6% Added
WELLWelltower0.06%$22.0m96.7K+1.5% Added
CRMSalesforce0.06%$21.5m137.0K−3.9% Reduced
CSXCSX Corporation0.06%$20.6m434.5K−1.6% Reduced
DLRDigital Realty0.06%$20.6m114.4K+1.6% Added
MCHPMicrochip Technology Inc0.06%$19.2m210.1K+1.6% Added
CARRCarrier Global0.05%$18.4m250.5K−3.3% Reduced
CCitigroup0.05%$18.1m129.2K+1.1% Added
MCKMcKesson0.05%$17.9m23.7K−0.8% Reduced
BABoeing0.05%$17.8m82.1K+1.5% Added
PLDPrologis0.05%$17.8m131.1K+4.1% Added
SCHWCharles Schwab Corporation0.05%$17.7m191.7K−7.2% Reduced
VRTVertiv0.05%$17.1m51.1K+27.5% Added
NUENucor0.05%$16.8m75.4K−0.1%
ECLEcolab0.05%$16.8m60.2K−5.6% Reduced
NOWServiceNow0.05%$16.7m168.4K−2.1% Reduced
ADBEAdobe Inc.0.05%$16.5m80.6K−3.3% Reduced
KMBKimberly-Clark0.05%$16.3m148.1K−2.0% Reduced
CompanyBought (value)Shares
MTBM&T Bank$128.3m538.9K
DDDuPont$70.1m516.6K
BKNGBooking Holdings$51.5m289.0K
KLACKLA Corporation$48.8m161.6K
HONHoneywell Technologies$27.5m123.0K
HONAHoneywell Aerospace$27.2m123.0K
LLYLilly (Eli)$25.6m21.3K
MUMicron Technology$19.1m16.6K
NVDANVIDIA Corporation$14.1m70.4K
RTXRTX Corporation$9.4m49.7K
CATCaterpillar Inc.$9.0m8.4K
AVGOBroadcom$8.4m22.1K
BACBank of America$6.9m121.6K
MSMorgan Stanley$6.1m29.2K
AMDAdvanced Micro Devices$6.0m10.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
AAPLApple Inc.−$12.4m−42.9K
MSFTMicrosoft Corporation−$6.2m−16.6K
ZTSZoetis−$5.0m−69.1K
GEGE Aerospace−$5.0m−13.3K
GOOGLAlphabet Inc. (Class A)−$4.7m−13.1K
CCChemours Co−$3.8m−182.9K
ECGEverus Construction Group, Inc.−$3.5m−21.0K
NFLXNetflix−$3.3m−46.7K
MDUMDU Resources Group Inc−$3.2m−148.5K
APHAmphenol−$3.1m−17.5K
ABTAbbott Laboratories−$3.0m−33.0K
INTUIntuit−$2.9m−11.0K
MRKMerck & Co.−$2.4m−19.0K
SHOPShopify Inc.−$2.4m−21.3K
VVisa Inc.−$2.3m−6.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
VRRMVerra Mobility Corp$655,58245.9K
PDDPDD Holdings Inc.$644,2456.3K
CATYCathay General Bancorp$530,90910.6K
PCORProcore Technologies, Inc.$410,2297.2K
TUTelus Corp$388,76230.3K
SRPTSarepta Therapeutics, Inc.$369,46417.0K
FBNCFirst Bancorp$330,4365.9K
GAPGAP Inc$311,79312.9K
TMDXTransmedics Group, Inc.$290,6752.9K
EXLSExlservice Holdings, Inc.$289,6099.5K
WSFSWsfs Financial Corp$278,2054.3K
UBSIUnited Bankshares Inc$278,1356.7K
CRCCalifornia Resources Corp$266,2213.8K
GILGildan Activewear Inc.$255,4904.6K
TXOTXO Partners, L.p.$251,60020.0K
AMTMAmentum Holdings, Inc.$249,7179.6K
TRMKTrustmark Corp$247,6565.9K
CHWYChewy, Inc.$237,7628.8K
XRAYDentsply Sirona Inc.$237,46420.5K
THOThor Industries Inc$236,3153.0K
DANDana Inc$232,9936.9K
BFAMBright Horizons Family Solutions Inc.$231,1142.8K
PRDOPerdoceo Education Corp$230,7396.2K
CUBICustomers Bancorp, Inc.$213,5053.1K
TARSTarsus Pharmaceuticals, Inc.$212,3443.0K
HWKNHawkins Inc$211,5081.4K
PLABPhotronics Inc$207,7075.1K
EPAMEPAM Systems, Inc.$205,5371.5K
PSNParsons Corp$204,2223.8K
FOURShift4 Payments, Inc.$202,5584.6K
  • Technology33.1%
  • Financials14.2%
  • Industrials11.8%
  • Health Care11.2%
  • Consumer Discretionary7.8%
  • Consumer Staples6.0%
  • Communication Services4.8%
  • Energy3.8%
  • Materials3.0%
  • Utilities2.3%
  • Real Estate2.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 2, 2013 to November 2, 2026+13.3%+13.8%0.760.76−31.7%0.95
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.3%+13.9%0.650.66−31.7%0.95
Last three yearsNovember 3, 2023 to November 2, 2026+19.6%+21.8%1.131.16−16.0%0.88
Last yearNovember 7, 2025 to November 2, 2026+16.7%+14.2%1.230.84−7.4%0.75

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.