M&T Bank Corp

Bank

CIK

36270

Location

BUFFALO, NY

Portfolio Value

Large $16,736,668,286

Diversification

Diversified

Filing Date

Global Rank

#304 / 8,588 ▼ 8

Top Industry

Semiconductors 9.8%

3Y Alpha vs SPY

-4.7%

Period ended 3 months ago

Filed May 12, 2026 · 37d

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

+56.7%

SPY

+76.8%

Annualised alpha

-4.8%

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

1,422 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%	$2,321,281,011	225
Healthcare	11.2%	$1,869,549,183	166
Industrials	9.8%	$1,638,905,541	212
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

1,422 positions · $16,736,668,286 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 151–200 of 1,422 positions by value · page 4 of 29

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RXO	RXO, Inc. Industrials	NEW	14,941	NEW	$218,435	NEW	0.00%
MTN	Vail Resorts Inc Consumer Cyclical	Added	1,704	+121	$218,655	+4.0%	0.00%
HUT	Hut 8 Corp. Financial Services	Added	4,663	+241	$218,738	+7.7%	0.00%
GFS	GLOBALFOUNDRIES Inc. Technology	NEW	4,972	NEW	$221,152	NEW	0.00%
CAKE	Cheesecake Factory Inc Consumer Cyclical	Added	4,044	+10	$221,407	+8.7%	0.00%
MIDD	MIDDLEBY Corp Industrials	Reduced	1,673	-282	$221,802	−23.7%	0.00%
PSMT	Pricesmart Inc Consumer Defensive	Reduced	1,474	-674	$221,836	−15.8%	0.00%
ALGT	Allegiant Travel CO Industrials	Reduced	2,740	-410	$222,048	−17.3%	0.00%
LUNR	Intuitive Machines, Inc. Industrials	NEW	11,999	NEW	$222,699	NEW	0.00%
RAL	Ralliant Corp Technology	Reduced	5,386	-157	$223,999	−20.6%	0.00%
SMG	Scotts Miracle-Gro Co Basic Materials	Reduced	3,711	-36	$225,661	+3.2%	0.00%
STM	STMicroelectronics N.V. Technology	Reduced	6,533	-5,710	$225,713	−28.9%	0.00%
HLIO	Helios Technologies, Inc. Industrials	NEW	3,513	NEW	$227,323	NEW	0.00%
ICUI	Icu Medical Inc/De Healthcare	Reduced	1,772	-103	$228,850	−14.4%	0.00%
NJR	New Jersey Resources Corp Utilities	NEW	4,176	NEW	$229,343	NEW	0.00%
PRDO	PERDOCEO EDUCATION Corp Consumer Defensive	NEW	6,201	NEW	$230,738	NEW	0.00%
PLXS	Plexus Corp Technology	NEW	1,140	NEW	$230,893	NEW	0.00%
QS	QuantumScape Corp Consumer Cyclical	Added	36,192	+10,409	$230,902	−14.1%	0.00%
BFAM	Bright Horizons Family Solutions Inc. Consumer Cyclical	Reduced	2,814	-551	$231,109	−32.3%	0.00%
BEN	Franklin Resources Inc Financial Services	NEW	9,787	NEW	$231,165	NEW	0.00%
SKY	Champion Homes, Inc. Consumer Cyclical	NEW	3,110	NEW	$231,287	NEW	0.00%
TIGO	Millicom International Cellular SA Communication Services	NEW	3,092	NEW	$231,714	NEW	0.00%
ALX	Alexanders Inc Real Estate	Added	982	+5	$231,947	+8.9%	0.00%
LMND	Lemonade, Inc. Financial Services	Reduced	3,706	-69	$232,291	−13.6%	0.00%
RARE	Ultragenyx Pharmaceutical Inc. Healthcare	NEW	11,118	NEW	$232,919	NEW	0.00%
KT	Kt Corp Communication Services	NEW	10,861	NEW	$232,967	NEW	0.00%
DAN	DANA Inc Consumer Cyclical	NEW	6,924	NEW	$232,990	NEW	0.00%
VICR	Vicor Corp Technology	NEW	1,449	NEW	$233,289	NEW	0.00%
WMG	Warner Music Group Corp. Communication Services	NEW	9,169	NEW	$234,174	NEW	0.00%
FSS	Federal Signal Corp /De/ Industrials	NEW	2,175	NEW	$235,202	NEW	0.00%
BLD	TopBuild Corp Industrials	Reduced	670	-71	$235,368	−23.9%	0.00%
THO	Thor Industries Inc Consumer Cyclical	Reduced	2,958	-152	$236,312	−26.0%	0.00%
SXI	Standex International Corp/De/ Industrials	NEW	928	NEW	$236,508	NEW	0.00%
GTES	Gates Industrial Corp plc Industrials	Reduced	10,489	-641	$237,152	−0.8%	0.00%
XRAY	DENTSPLY SIRONA Inc. Healthcare	Added	20,471	+4,180	$237,460	+27.5%	0.00%
CHWY	Chewy, Inc. Consumer Cyclical	Reduced	8,806	-5,720	$237,762	−50.5%	0.00%
VFC	V F Corp Consumer Cyclical	Added	14,055	+312	$238,791	−3.9%	0.00%
PVH	Pvh Corp. /De/ Consumer Cyclical	Reduced	3,442	-1,516	$240,110	−27.7%	0.00%
SIGI	Selective Insurance Group Inc Financial Services	Reduced	3,208	-1,133	$241,848	−33.4%	0.00%
CG	Carlyle Group Inc. Financial Services	Reduced	5,001	-384	$241,997	−24.0%	0.00%
LGND	Ligand Pharmaceuticals Inc Healthcare	NEW	1,214	NEW	$242,372	NEW	0.00%
SMTC	Semtech Corp Technology	Reduced	3,154	-178	$242,509	−1.2%	0.00%
MTCH	Match Group, Inc. Communication Services	Reduced	7,924	-3,452	$243,343	−33.8%	0.00%
AAL	American Airlines Group Inc. Industrials	Reduced	22,679	-12,146	$243,568	−54.4%	0.00%
TREX	Trex Co Inc Industrials	Added	6,689	+819	$243,612	+18.3%	0.00%
FWONA	Liberty Media Corp Communication Services	Reduced	3,129	-204	$244,309	−18.0%	0.00%
LNC	Lincoln National Corp Financial Services	Reduced	6,892	-391	$244,665	−24.6%	0.00%
ACHR	Archer Aviation Inc. Industrials	Added	47,339	+31,322	$244,740	+103.2%	0.00%
IVT	InvenTrust Properties Corp. Real Estate	Added	8,046	+815	$245,079	+20.1%	0.00%
PCVX	Vaxcyte, Inc. Healthcare	NEW	4,224	NEW	$245,454	NEW	0.00%