M&T Bank: which funds bought and sold

Institutions that bought and sold M&T Bank shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 503 institutions that filed 13F reports for both quarters added to or opened positions in M&T Bank, and 467 cut or closed them. Together they sold a net 2.3M shares, −1.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 955K shares (−2.9%); index fund managers were net sellers of 971K shares (−2.1%). 115 opened a new position and 73 sold out entirely.

Bought, Q2 2026 503 institutions, 115 of them new holders Sold, Q2 2026 467 institutions, 73 of them sold out

Net change, all compared −2.3M shares (−1.8%)

Net change, active managers −955K shares (−2.9%), 29 bought, 36 sold

Buyers versus sellers

institutions compared, 1,198

503 bought 228 467 sold

Active managers and hedge funds 29 bought · 36 sold · −955K

Index fund managers 1 bought · 11 sold · −971K

Other institutions 473 bought · 420 sold · −401K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
M&T Bank Corp	+539K +88.6%	1.1M	$273M
Arrowstreet Capital, Limited Partnership Hedge fund	+326K New position	326K	$77.5M
Goldman Sachs Group Inc	+208K +17.9%	1.4M	$325M
Pfa Pension, Forsikringsaktieselskab	+206K +237.6%	293K	$69.8M
Squarepoint Ops LLC Hedge fund	+199K +786.4%	224K	$53.4M
Healthcare Of Ontario Pension Plan Trust Fund	+170K +1778.1%	179K	$42.6M
Wells Fargo & Company	+161K +29.9%	698K	$166M
Neuberger Berman Group LLC Active manager	+141K +27.3%	656K	$156M
Canada Pension Plan Investment Board	+137K +147.8%	230K	$54.8M
Quantinno Capital Management LP	+132K +61.4%	347K	$82.5M
Arbejdsmarkedets Tillaegspension	+127K New position	127K	$30.2M
Tudor Investment Corp Et Al Hedge fund	+121K New position	121K	$28.8M
First Trust Advisors LP	+103K +22.9%	556K	$132M
Caisse De Depot Et Placement Du Quebec	+96K +48.3%	295K	$70.2M
Tredje Ap-Fonden	+86K +137.5%	149K	$35.4M
O'Shaughnessy Asset Management, LLC Active manager	+79K +32.1%	323K	$76.9M
Assenagon Asset Management S.A.	+76K +81.9%	169K	$40.3M
Susquehanna Fundamental Investments, LLC	+74K +205.4%	111K	$26.3M
Korea Investment Corp	+67K +17.4%	452K	$108M
Focus Partners Wealth	+66K +144.0%	112K	$26.6M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Arrowstreet Capital, Limited Partnership Hedge fund	+326K New position	326K	$77.5M
Squarepoint Ops LLC Hedge fund	+199K +786.4%	224K	$53.4M
Neuberger Berman Group LLC Active manager	+141K +27.3%	656K	$156M
Tudor Investment Corp Et Al Hedge fund	+121K New position	121K	$28.8M
O'Shaughnessy Asset Management, LLC Active manager	+79K +32.1%	323K	$76.9M
Panagora Asset Management Inc Active manager	+66K +13.4%	558K	$133M
Millennium Management LLC Hedge fund	+46K +189.9%	71K	$16.9M
Citadel Advisors LLC Hedge fund	+36K +38.8%	129K	$30.7M
Winton Group Ltd Hedge fund	+18K +310.3%	23K	$5.5M
LSV Asset Management Active manager	+17K +4.0%	428K	$102M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Morgan Stanley	−862K −19.4%	3.6M	$854M
FMR LLC Active manager	−754K −5.7%	12.4M	$3B
Vanguard Portfolio Management LLC Index funds	−408K −5.4%	7.1M	$1.7B
Barclays PLC	−351K −54.0%	299K	$71.1M
Marshall Wace, LLP Hedge fund	−302K Sold out	0	—
AGF Management Ltd	−292K −77.8%	83K	$19.9M
Bank Of America Corp	−284K −17.7%	1.3M	$315M
Federated Hermes, Inc. Active manager	−253K −75.0%	85K	$20.1M
Nuveen, LLC	−244K −17.5%	1.1M	$273M
Ameriprise Financial Inc	−243K −59.0%	169K	$40.2M
Vanguard Capital Management LLC Index funds	−212K −2.2%	9.6M	$2.3B
Two Sigma Investments, LP Hedge fund	−211K −87.5%	30K	$7.2M
Advisors Capital Management, LLC	−201K −94.9%	11K	$2.6M
Blackrock, Inc. Index funds	−156K −1.2%	12.8M	$3.1B
Wellington Management Group LLP Active manager	−150K −1.5%	9.8M	$2.3B
Lansforsakringar Fondforvaltning AB (Publ)	−150K −81.0%	35K	$8.4M
Los Angeles Capital Management LLC Active manager	−100K −64.8%	54K	$12.9M
Ensign Peak Advisors, Inc	−87K −73.2%	32K	$7.6M
Azora Capital LP Hedge fund	−74K Sold out	0	—
Geode Capital Management, LLC Index funds	−68K −1.5%	4.3M	$1B

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	−754K −5.7%	12.4M	$3B
Marshall Wace, LLP Hedge fund	−302K Sold out	0	—
Federated Hermes, Inc. Active manager	−253K −75.0%	85K	$20.1M
Two Sigma Investments, LP Hedge fund	−211K −87.5%	30K	$7.2M
Wellington Management Group LLP Active manager	−150K −1.5%	9.8M	$2.3B
Los Angeles Capital Management LLC Active manager	−100K −64.8%	54K	$12.9M
Azora Capital LP Hedge fund	−74K Sold out	0	—
London Co Of Virginia Active manager	−37K −4.2%	845K	$201M
Franklin Resources Inc Active manager	−30K −5.0%	571K	$136M
Westfield Capital Management Co LP Active manager	−30K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Arrowstreet Capital, Limited PartnershipHedge fund	326K	$77.5M
Arbejdsmarkedets Tillaegspension	127K	$30.2M
Tudor Investment Corp Et AlHedge fund	121K	$28.8M
Ofi Invest Asset Management	27K	$5.6M
Steelpeak Wealth, LLC	20K	$4.9M
Temasek Holdings (Private) Ltd	20K	$4.8M
Arax Advisory Partners	13K	$3M
Natixis	10K	$2.5M
Blue Sparrow, LLC	10K	$2.4M
Ifg Advisory, LLC	8,574	$2M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Marshall Wace, LLPHedge fund	302K	$62.4M
Azora Capital LPHedge fund	74K	$14.9M
Sienna Gestion	39K	$7.9M
Y-Intercept (Hong Kong) Ltd	35K	$7.3M
Westfield Capital Management Co LPActive manager	30K	$6.2M
Peak6 LLC	20K	$4.2M
Acadian Asset Management LLCActive manager	20K	$4.2M
Teewinot Capital Advisers, L.L.C.	19K	$3.9M
Two Sigma Securities, LLC	8,246	$1.7M
Giverny Capital Inc.Active manager	7,535	$1.6M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 1,144
Ten largest holders: 57.2%
Index fund managers: 33.9%
Active managers and hedge funds: 24.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	29	36	9	8	−955K	−2.9%
Index fund managers	1	11	0	0	−971K	−2.1%
Other institutions	473	420	106	65	−401K	−0.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on M&T Bank.

Only managers that filed a holdings report for both quarters are compared (1,198 here). 33 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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