Speece Thorson Capital Group Inc reports 11.01% decrease in ownership of MTZ / M&T Bank Corporation

M&T Bank Corporation

DE ˙ DB ˙ US55261F1049

188,90 € ↑6,20 (3,39%)

2026-06-05
DEL PRIS

Security	DE:MTZ / M&T Bank Corporation
Institution	Speece Thorson Capital Group Inc
Latest Disclosed Ownership	65,175 shares
Latest Disclosed Value	$ 13,473

On April 29, 2026 - Speece Thorson Capital Group Inc filed a 13F-HR form disclosing ownership of 65,175 shares of M&T Bank Corporation (DE:MTZ) valued at $11,464,282 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 73,241 shares of M&T Bank Corporation. This represents a change in shares of -11.01% during the quarter. The current value of the position is $12,311,558 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-04-29	2026-03-31	13F	M & T BANK	COM	55261F104	65,175	-8,066	-11.01	13	-7.14	3.0691
2026-01-29	2025-12-31	13F	M & T BANK	COM	55261F104	73,241	-20,780	-22.10	15	-22.22	3.1945
2025-11-20	2025-09-30	13F	M & T BANK	COM	55261F104	94,021	-1,069	-1.12	19	0.00	3.7124
2025-08-05	2025-06-30	13F	M & T BANK	COM	55261F104	95,090	12,581	15.25	18	28.57	3.7558
2025-05-01	2025-03-31	13F	M & T BANK	COM	55261F104	82,509	-1,374	-1.64	15	-6.67	3.0373
2025-02-13	2024-12-31	13F	M & T BANK	COM	55261F104	83,883	-16,477	-16.42	16	-11.76	3.1112
2024-11-05	2024-09-30	13F	M & T BANK	COM	55261F104	100,360	-17,951	-15.17	18	0.00	3.3023
2024-07-29	2024-06-30	13F	M & T BANK	COM	55261F104	118,311	-10,782	-8.35	18	-5.56	3.6624
2024-04-23	2024-03-31	13F	M & T BANK	COM	55261F104	129,093	-18,567	-12.57	19	-10.00	3.6289
2024-02-23	2023-12-31	13F	M & T BANK	COM	55261F104	147,660	634	0.43	20	11.11	4.1501
2023-11-20	2023-09-30	13F	M & T BANK	COM	55261F104	147,026	-154	-0.10	19	0.00	4.0988
2023-08-03	2023-06-30	13F	M & T BANK	COM	55261F104	147,180	7,119	5.08	18	12.50	3.7283
2023-05-04	2023-03-31	13F	M & T BANK	COM	55261F104	140,061	27,516	24.45	17	0.00	3.5286
2023-02-09	2022-12-31	13F	M & T BANK	COM	55261F104	112,545	0	0.00	16	-99.92	3.5035
2022-11-03	2022-09-30	13F	M & T BANK	COM	55261F104	112,545	-39,868	-26.16	19,844	-18.31	4.5269
2022-07-28	2022-06-30	13F	M & T BANK	COM	55261F104	152,413	693	0.46	24,293	-5.54	5.7268
2022-05-04	2022-03-31	13F	M & T BANK	COM	55261F104	151,720	-45,546	-23.09	25,717	-15.11	5.5010
2022-02-08	2021-12-31	13F	M & T BANK	COM	55261F104	197,266	535	0.27	30,296	3.12	5.7907
2021-10-28	2021-09-30	13F	M & T BANK	COM	55261F104	196,731	44,269	29.04	29,380	32.62	6.1529
2021-08-10	2021-06-30	13F	M & T BANK	COM	55261F104	152,462	-569	-0.37	22,154	-4.51	4.6272
2021-05-13	2021-03-31	13F	M & T BANK	COM	55261F104	153,031	-11,660	-7.08	23,201	10.67	4.8849
2021-02-08	2020-12-31	13F	M & T BANK	COM	55261F104	164,691	17,337	11.77	20,965	54.50	4.9851
2020-11-05	2020-09-30	13F	M & T BANK	COM	55261F104	147,354	16,970	13.02	13,570	0.10	3.5930
2020-08-03	2020-06-30	13F	M & T BANK	COM	55261F104	130,384	36,511	38.89	13,556	39.62	3.9078
2020-05-08	2020-03-31	13F	M & T BANK	COM	55261F104	93,873	-1,489	-1.56	9,709	-40.02	3.3450
2020-02-05	2019-12-31	13F	M & T BANK	COM	55261F104	95,362	-750	-0.78	16,188	6.62	4.1904
2019-10-22	2019-09-30	13F	M & T BANK	COM	55261F104	96,112	-2,349	-2.39	15,183	-9.33	4.0578
2019-07-30	2019-06-30	13F	M & T BANK	COM	55261F104	98,461	-537	-0.54	16,745	7.72	4.4588
2019-04-24	2019-03-31	13F	M & T BANK	COM	55261F104	98,998	-2,834	-2.78	15,545	6.66	4.2756
2019-02-11	2018-12-31	13F/A-1	M & T BANK	COM	55261F104	101,832	340	0.34	14,575	-12.72	4.3662
2019-02-11	2018-12-31	13F	M & T BANK	COM	55261F104	101,492	0		16,699
2018-10-31	2018-09-30	13F	M & T BANK	COM	55261F104	101,492	-2,312	-2.23	16,699	-5.45	3.8757
2018-07-25	2018-06-30	13F	M & T BANK	COM	55261F104	103,804	-2,944	-2.76	17,662	-10.25	3.7219
2018-04-26	2018-03-31	13F/A-1	M & T BANK	COM	55261F104	106,748	-7,366	-6.45	19,680	0.86	4.1779
2018-04-26	2018-03-31	13F	M & T BANK	COM	55261F104	114,892	778		18,502
2018-02-08	2017-12-31	13F	M & T BANK	COM	55261F104	114,114	-778	-0.68	19,512	5.46	3.8767
2017-10-26	2017-09-30	13F	M & T BANK	COM	55261F104	114,892	1,260	1.11	18,502	0.54	3.8518
2017-07-28	2017-06-30	13F	M & T BANK	COM	55261F104	113,632	550	0.49	18,403	5.18	3.8386
2017-04-24	2017-03-31	13F	M & T BANK	COM	55261F104	113,082	-16,174	-12.51	17,497	-13.47	3.6998
2017-01-26	2016-12-31	13F	M & T BANK	COM	55261F104	129,256	-42,647	-24.81	20,220	1.31	4.5228
2016-10-31	2016-09-30	13F	M & T BANK	COM	55261F104	171,903	14,478	9.20	19,958	7.23	4.2828
2016-07-26	2016-06-30	13F	M & T BANK	COM	55261F104	157,425	14,615	10.23	18,612	17.41	4.0382
2016-04-25	2016-03-31	13F	M & T BANK	COM	55261F104	142,810	12,130	9.28	15,852	0.10	3.5584
2016-01-27	2015-12-31	13F	M & T BANK	COM	55261F104	130,680	796	0.61	15,836	-0.02	3.8546
2015-10-26	2015-09-30	13F	M & T BANK	COM	55261F104	129,884	-390	-0.30	15,839	-2.68	3.9401
2015-07-27	2015-06-30	13F	M & T BANK	COM	55261F104	130,274	-1,041	-0.79	16,275	-2.41	3.9136
2015-04-30	2015-03-31	13F	M & T BANK	COM	55261F104	131,315	131,315	0.00	16,677		3.9122
2015-01-27	2014-12-31	13F	M & T BANK	COM	55261F104	0	-121,947	-100.00	0	-100.00
2014-10-27	2014-09-30	13F	M & T BANK	COM	55261F104	121,947	21,890	21.88	15,035	21.13	3.8422
2014-08-07	2014-06-30	13F	M & T BANK	COM	55261F104	100,057	13,960	16.21	12,412	18.84	3.1597
2014-04-23	2014-03-31	13F	M & T BANK	COM	55261F104	86,097	16,180	23.14	10,444	28.30	2.7518
2014-01-24	2013-12-31	13F	M & T BANK	COM	55261F104	69,917	20,357	41.08	8,140	46.75	2.1584
2013-10-28	2013-09-30	13F	M & T BANK	COM	55261F104	49,560	-720	-1.43	5,547	-1.28	1.5340
2013-07-19	2013-06-30	13F	M & T BANK	COM	55261F104	50,280	50,280		5,619		1.6392

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.