M&T Bank Corp

Bank

CIK

36270

Location

BUFFALO, NY

Portfolio Value

Large $16,735,437,960

Diversification

Diversified

Filing Date

Global Rank

#205 / 8,232 ▲ 13

Top Industry

Semiconductors 9.8%

3Y Alpha vs SPY

-4.6%

Period ended 2 months ago

Filed May 12, 2026 · 32d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+57.3%

SPY

+76.5%

Annualised alpha

-4.6%

Max drawdown

−18.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,420 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.0%

−0.3 pts

Top 5

20.9%

−2.1 pts

Top 10

31.1%

−2.0 pts

HHI

155

Diversified−19

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.5%	$4,770,556,333	208
Financial Services	13.9%	$2,320,907,532	224
Healthcare	11.2%	$1,869,549,183	166
Industrials	9.8%	$1,638,048,694	211
Consumer Cyclical	7.9%	$1,322,150,790	161
Energy	6.6%	$1,096,615,345	75
Consumer Defensive	6.4%	$1,069,358,799	68
Communication Services	5.0%	$839,460,645	53
Basic Materials	3.5%	$591,087,634	65
Unclassified	2.9%	$491,959,198	12
Utilities	2.4%	$406,220,064	54
Real Estate	1.9%	$319,523,743	123

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	+607,874	1,544,841	$44,784,929
LYG	Lloyds Banking Group plc	+390,182	475,389	$2,391,204
DOC	Healthpeak Properties, Inc.	+244,447	1,593,088	$26,174,429
PFE	Pfizer Inc	+121,159	2,661,147	$74,724,998
DOW	Dow Inc.	+62,177	1,217,252	$50,698,539
FMC	Fmc Corp	+55,290	125,600	$2,162,829
NWL	Newell Brands Inc.	+48,692	137,160	$470,455
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	+42,856	84,618	$1,832,823
PTON	Peloton Interactive, Inc.	+42,378	76,348	$327,531
BTI	British American Tobacco p.l.c.	+40,724	101,609	$5,941,075
CLVT	Clarivate PLC	+34,654	44,661	$112,989
KMB	Kimberly Clark Corp	+33,938	151,161	$14,582,497
SON	Sonoco Products Co	+33,805	72,529	$3,923,090
COTY	Coty Inc.	+33,273	43,492	$87,416
D	Dominion Energy, Inc	+32,326	177,543	$10,975,704
ACHR	Archer Aviation Inc.	+31,322	47,339	$244,740
QXO	QXO, Inc.	+28,398	50,341	$977,619
ENB	Enbridge Inc	+27,456	631,548	$34,192,003
TFC	Truist Financial Corp	+25,899	208,937	$9,604,831
FITB	Fifth Third Bancorp	+25,852	86,095	$3,999,969
OWL	Blue Owl Capital Inc.	+24,752	48,464	$442,474
MKC	Mccormick & Co Inc	+24,186	94,409	$4,761,986
JOBY	Joby Aviation, Inc.	+20,130	34,164	$282,192
SE	Sea Ltd	+18,345	83,135	$6,884,406
NVS	Novartis AG	+18,264	171,848	$26,249,779
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MTB	M&T Bank Corp	−881,972	608,477	$125,784,363
OMC	Omnicom Group Inc.	−221,787	150,390	$11,325,865
CPNG	Coupang, Inc.	−216,668	102,303	$1,931,480
BAC	Bank Of America Corp /De/	−191,198	3,178,457	$154,949,772
BBN	BlackRock Taxable Municipal Bond Trust	−181,792	315,445	$5,100,740
AAPL	Apple Inc.	−147,959	4,632,711	$1,175,735,718
NBB	Nuveen Taxable Municipal Income Fund	−144,030	249,972	$3,914,557
CTRA	Coterra Energy Inc.	−108,220	97,466	$3,424,951
JCI	Johnson Controls International plc	−98,114	721,311	$94,455,666
XOM	Exxon Mobil Corp	−93,380	1,750,377	$296,968,952
CSCO	Cisco Systems, Inc.	−91,541	2,486,091	$192,895,790
VICI	Vici Properties Inc.	−80,994	896,997	$24,505,952
IAU	Ishares Gold Trust	−78,924	242,052	$21,339,302
NVDA	Nvidia Corp	−75,348	3,543,457	$617,978,895
AVGO	Broadcom Inc.	−72,544	1,498,957	$463,942,174
ORI	Old Republic International Corp	−70,861	924,708	$36,895,842
CMCSA	Comcast Corp	−61,217	534,225	$15,337,594
ECC	Eagle Point Credit Co	−59,589	18,841	$70,842
JPM	Jpmorgan Chase & Co	−59,553	1,738,560	$511,414,799
CERT	Certara, Inc.	−58,867	13,164	$75,033
RF	Regions Financial Corp	−57,713	867,331	$22,654,677
MUFG	Mitsubishi Ufj Financial Group Inc	−54,622	295,559	$5,015,634
VZ	Verizon Communications Inc	−53,916	1,435,830	$72,078,659
MSFT	Microsoft Corp	−53,363	1,973,948	$730,696,323
ESRT	Empire State Realty Trust, Inc.	−51,339	31,619	$164,417
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	124,179	$24,490,577
TEVA	Teva Pharmaceutical Industries Ltd	98,463	$2,965,703
AMCR	Amcor plc	70,600	$2,806,347
QGEN	Qiagen N.V.	49,477	$1,981,055
RYN	Rayonier Inc	65,344	$1,347,388
PNFP	Pinnacle Financial Partners, Inc.	13,169	$1,134,374
INTR	Inter & Co, Inc.	131,619	$1,047,687
TEM	Tempus AI, Inc.	22,212	$1,004,422
MSM	Msc Industrial Direct Co Inc	10,401	$959,697
SM	SM Energy Co	28,290	$882,078
VSNT	Versant Media Group, Inc.	16,040	$593,796
OLN	OLIN Corp	19,769	$587,729
HNGE	Hinge Health, Inc.	15,101	$582,292
IRMD	Iradimed Corp	5,400	$519,802
TPG	TPG Inc.	12,231	$495,475
ARLP	Alliance Resource Partners LP	11,965	$330,832
SLAB	Silicon Laboratories Inc.	1,529	$318,259
PRM	Perimeter Solutions, Inc.	12,693	$309,960
SIRI	Sirius Xm Holdings Inc.	13,214	$304,975
EAT	Brinker International, Inc	2,127	$303,668
TTMI	Ttm Technologies Inc	3,081	$300,148
NE	Noble Corp plc	6,053	$297,018
LIVN	LivaNova PLC	4,525	$287,606
S	SentinelOne, Inc.	21,904	$282,120
WSFS	Wsfs Financial Corp	4,250	$278,202
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MNDY	monday.com Ltd.	10,351	$1,527,391
EXAS	EXACT SCIENCES CORP	11,211	$1,138,585
NC	Nacco Industries Inc	21,500	$1,054,360
ICLR	Icon PLC	3,805	$693,344
AMRZ	Amrize Ltd	9,952	$538,204
ITUB	Itau Unibanco Holding S.A.	74,468	$533,190
GLOB	Globant S.A.	7,206	$471,052
INSP	Inspire Medical Systems, Inc.	4,708	$434,215
FSV	FirstService Corp	2,783	$432,838
WING	Wingstop Inc.	1,761	$419,977
OS	OneStream, Inc.	22,118	$406,527
CHDN	Churchill Downs Inc	3,269	$371,942
HBB	Hamilton Beach Brands Holding Co	21,500	$353,675
RH	Rh	1,854	$332,140
STRA	Strategic Education, Inc.	3,809	$305,479
ZG	Zillow Group, Inc.	4,476	$305,392
TGNA	TEGNA INC	15,341	$297,766
ATRC	AtriCure, Inc.	7,060	$279,292
WPP	WPP plc	11,804	$265,113
ADT	ADT Inc.	31,784	$256,493
BILL	BILL Holdings, Inc.	4,697	$256,171
RVLV	Revolve Group, Inc.	8,409	$253,867
TPB	Turning Point Brands, Inc.	2,330	$252,572
HMC	Honda Motor Co Ltd	8,519	$251,136
MGA	Magna International Inc	4,681	$249,496
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,420 positions · $16,735,437,960 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,420 positions by value · page 1 of 29

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	4,632,711	-147,959	$1,175,735,718	−9.5%	7.03%
MSFT	Microsoft Corp Technology	Reduced	1,973,948	-53,363	$730,696,323	−25.5%	4.37%
NVDA	Nvidia Corp Technology	Reduced	3,543,457	-75,348	$617,978,895	−8.4%	3.69%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	1,738,560	-59,553	$511,414,799	−11.7%	3.06%
AVGO	Broadcom Inc. Technology	Reduced	1,498,957	-72,544	$463,942,174	−14.7%	2.77%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	2,083,079	-32,992	$433,842,856	−11.2%	2.59%
JNJ	Johnson & Johnson Healthcare	Reduced	1,543,947	-35,244	$377,402,393	+15.5%	2.26%
SPY	Spdr S&P 500 ETF Trust	Reduced	473,070	-49,962	$307,656,342	−13.7%	1.84%
XOM	Exxon Mobil Corp Energy	Reduced	1,750,377	-93,380	$296,968,952	+33.8%	1.77%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,016,567	-3,524	$292,324,003	−8.4%	1.75%
META	Meta Platforms, Inc. Communication Services	Reduced	399,578	-11,715	$228,610,554	−15.8%	1.37%
LLY	ELI LILLY & Co Healthcare	Reduced	240,540	-10,152	$221,241,468	−17.9%	1.32%
ABBV	AbbVie Inc. Healthcare	Reduced	941,806	-33,259	$204,833,378	−8.1%	1.22%
CVX	Chevron Corp Energy	Reduced	953,882	-11,623	$197,358,178	+34.1%	1.18%
MA	Mastercard Inc Financial Services	Reduced	390,438	-7,728	$195,086,244	−14.2%	1.17%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	193,664	-5,112	$192,972,613	+12.6%	1.15%
CSCO	Cisco Systems, Inc. Technology	Reduced	2,486,091	-91,541	$192,895,790	−2.9%	1.15%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	560,691	-20,866	$184,405,653	−7.8%	1.10%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	1,215,147	-30,762	$175,515,824	−1.7%	1.05%
MRK	Merck & Co., Inc. Healthcare	Reduced	1,453,030	-23,176	$174,784,972	+12.5%	1.04%
PEP	Pepsico Inc Consumer Defensive	Reduced	1,030,640	-33,263	$160,048,077	+4.8%	0.96%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	3,178,457	-191,198	$154,949,772	−16.4%	0.93%
CTVA	Corteva, Inc. Basic Materials	Reduced	1,825,753	-24,779	$152,833,779	+23.2%	0.91%
BLK	BlackRock, Inc. Financial Services	Reduced	142,206	-6,941	$136,760,924	−14.3%	0.82%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	279,146	-2,777	$133,766,758	−5.6%	0.80%
CAT	Caterpillar Inc Industrials	Reduced	187,855	-11,776	$133,087,745	+16.4%	0.80%
ADI	Analog Devices Inc Technology	Reduced	412,354	-16,813	$131,186,295	+12.7%	0.78%
COP	Conocophillips Energy	Reduced	986,659	-22,547	$130,238,988	+37.9%	0.78%
MTB	M&T Bank Corp Financial Services	Reduced	608,477	-881,972	$125,784,363	−58.1%	0.75%
ORCL	Oracle Corp Technology	Reduced	848,632	-33,017	$124,842,246	−27.4%	0.75%
MS	Morgan Stanley Financial Services	Reduced	757,446	-41,274	$124,652,880	−12.1%	0.74%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	329,863	-12,740	$122,626,565	−20.4%	0.73%
UNP	Union Pacific Corp Industrials	Reduced	462,397	-12,742	$112,186,753	+2.1%	0.67%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	328,640	-5,252	$111,063,882	+9.5%	0.66%
LMT	Lockheed Martin Corp Industrials	Reduced	177,927	-6,095	$107,537,291	+20.8%	0.64%
QCOM	Qualcomm Inc/De Technology	Reduced	779,650	-42,375	$100,403,317	−28.6%	0.60%
AMAT	Applied Materials Inc /De Technology	Reduced	293,241	-2,268	$100,226,838	+32.0%	0.60%
RTX	RTX Corp Industrials	Reduced	518,117	-6,918	$99,944,765	+3.8%	0.60%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	588,638	-21,755	$97,325,398	−0.6%	0.58%
JCI	Johnson Controls International plc Industrials	Reduced	721,311	-98,114	$94,455,666	−3.7%	0.56%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	298,865	-7,654	$92,884,246	−0.9%	0.56%
IBM	International Business Machines Corp Technology	Reduced	379,930	-12,976	$92,091,224	−20.9%	0.55%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	316,772	-12,564	$92,019,088	+13.1%	0.55%
Q	Qnity Electronics, Inc. Technology	Reduced	796,188	-3,995	$91,864,167	+40.6%	0.55%
NEE	Nextera Energy Inc Utilities	Reduced	975,698	-24,016	$90,622,821	+12.9%	0.54%
KO	Coca Cola Co Consumer Defensive	Reduced	1,165,770	-15,881	$88,656,804	+7.3%	0.53%
ABT	Abbott Laboratories Healthcare	Reduced	854,942	-3,048	$87,776,888	−18.3%	0.52%
PSX	Phillips 66 Energy	Reduced	476,207	-2,832	$86,755,388	+40.3%	0.52%
AEP	American Electric Power Co Inc Utilities	Reduced	644,373	-37,572	$84,464,404	+7.4%	0.50%
V	Visa Inc. Financial Services	Reduced	275,259	-13,107	$83,194,276	−17.7%	0.50%