M&T Bank Corporation
MX ˙ BMV ˙ US55261F1049
SecurityMX:MTB / M&T Bank Corporation
InstitutionGiverny Capital Inc.
ManagerFrancois Rochon
Latest Disclosed Ownership7,535 shares
Latest Disclosed Value $ 1,557,635
Giverny Capital Inc. reports 0.07% decrease in ownership of MTB / M&T Bank Corporation

On May 15, 2026 - Giverny Capital Inc. filed a 13F-HR form disclosing ownership of 7,535 shares of M&T Bank Corporation (MX:MTB) valued at $1,557,635 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 7,540 shares of M&T Bank Corporation. This represents a change in shares of -0.07% during the quarter.

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 Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F M & T BK COM 55261F104 7,535 -5 -0.07 1,558 2.50 0.0570
2026-02-13 2025-12-31 13F M & T BK COM 55261F104 7,540 0 0.00 1,519 1.95 0.0507
2025-11-17 2025-09-30 13F/A-2 M & T BK COM 55261F104 7,540 0 0.00 1,490 1.92 0.0505
2025-11-14 2025-09-30 13F/A-1 M & T BK COM 55261F104 7,540 0 1,490 0.0475
2025-11-14 2025-09-30 13F M & T BK COM 55261F104 7,540 0 1,490 0.0457
2025-08-13 2025-06-30 13F M & T BK COM 55261F104 7,540 -359,992 -97.95 1,463 -97.77 0.0502
2025-08-12 2025-03-31 13F/A-1 M & T BK COM 55261F104 367,532 -49 -0.01 65,696 -4.94 2.4218
2025-05-13 2025-03-31 13F M & T BK COM 55261F104 367,532 -49 65,696 2.4217
2025-08-12 2024-12-31 13F/A-1 M & T BK COM 55261F104 367,581 6,990 1.94 69,109 7.60 2.5259
2025-02-13 2024-12-31 13F M & T BK COM 55261F104 367,581 6,990 69,109 2.5258
2024-11-13 2024-09-30 13F M & T BK COM 55261F104 360,591 15,329 4.44 64,228 22.91 2.4418
2024-08-14 2024-06-30 13F M & T BK COM 55261F104 345,262 -7,408 -2.10 52,259 1.88 2.2081
2024-05-13 2024-03-31 13F M & T BK COM 55261F104 352,670 9,614 2.80 51,292 9.07 2.0857
2024-02-09 2023-12-31 13F M & T BK COM 55261F104 343,056 937 0.27 47,026 8.71 2.2103
2024-01-25 2023-09-30 13F/A-1 M&TBKCORP COM 55261F104 342,119 3,533 1.04 43,261 3.24 2.3482
2023-11-13 2023-09-30 13F M & T BK COM 55261F104 342,119 3,533 43,261 2.3498
2023-08-07 2023-06-30 13F M & T BK COM 55261F104 338,586 40,767 13.69 41,903 17.67 2.2046
2023-05-12 2023-03-31 13F M & T BK COM 55261F104 297,819 -8,564 -2.80 35,610 -19.87 2.1451
2023-05-17 2022-12-31 13F/A-1 M & T BK COM 55261F104 306,383 4,013 1.33 44,444 -16.64 2.7474
2023-02-10 2022-12-31 13F M & T BK COM 55261F104 306,383 4,013 44 2.7474
2022-11-14 2022-09-30 13F M & T BK COM 55261F104 302,370 3,850 1.29 53,314 12.05 3.6110
2022-08-12 2022-06-30 13F M & T BK COM 55261F104 298,520 7,933 2.73 47,581 -3.40 3.1350
2022-05-12 2022-03-31 13F M & T BK COM 55261F104 290,587 8,203 2.90 49,254 13.57 2.7803
2022-02-11 2021-12-31 13F M & T BK COM 55261F104 282,384 277,701 5,929.98 43,369 6,104.43 2.3136
2021-11-15 2021-09-30 13F/A-1 M & T BK COM 55261F104 4,683 0 0.00 699 2.79 0.0417
2021-11-12 2021-09-30 13F M & T BK COM 55261F104 4,683 0 699 0.0412
2021-08-13 2021-06-30 13F M & T BANK COM 55261F104 4,683 4,683 680 0.0414
2020-05-15 2020-03-31 13F M & T BANK COM 55261F104 0 -139,368 -100.00 0 -100.00
2020-02-07 2019-12-31 13F M & T BANK COM 55261F104 139,368 1,301 0.94 23,658 8.47 2.1409
2019-11-14 2019-09-30 13F M & T BANK COM 55261F104 138,067 2,481 1.83 21,810 -5.42 2.1741
2019-08-13 2019-06-30 13F M & T BANK COM 55261F104 135,586 9,143 7.23 23,059 16.14 2.3293
2019-05-14 2019-03-31 13F M & T BANK COM 55261F104 126,443 2,679 2.16 19,854 12.08 2.2775
2019-02-13 2018-12-31 13F M & T BANK COM 55261F104 123,764 2,217 1.82 17,714 -11.43 2.3348
2018-11-13 2018-09-30 13F M & T BANK COM 55261F104 121,547 9,335 8.32 19,999 4.75 2.2645
2018-08-13 2018-06-30 13F/A-1 M & T BANK COM 55261F104 112,212 708 0.63 19,093 -7.12 2.4833
2018-08-13 2018-06-30 13F M & T BANK COM 55261F104 130,646 19,142 22,229
2018-05-11 2018-03-31 13F M & T BANK COM 55261F104 111,504 628 0.57 20,557 8.43 2.7524
2018-02-13 2017-12-31 13F M & T BANK COM 55261F104 110,876 -44,710 -28.74 18,959 -24.33 2.6010
2017-11-13 2017-09-30 13F M & T BANK COM 55261F104 155,586 2,362 1.54 25,056 0.97 3.6608
2017-08-04 2017-06-30 13F M & T BANK COM 55261F104 153,224 -31,237 -16.93 24,815 -13.06 4.0113
2017-05-11 2017-03-31 13F M & T BANK COM 55261F104 184,461 -3,084 -1.64 28,542 -2.71 4.7403
2017-02-10 2016-12-31 13F M & T BANK COM 55261F104 187,545 -2,992 -1.57 29,338 32.63 4.9626
2016-11-08 2016-09-30 13F M & T BANK COM 55261F104 190,537 3,089 1.65 22,121 -0.19 4.1156
2016-08-11 2016-06-30 13F M & T BANK COM 55261F104 187,448 1,266 0.68 22,162 7.24 4.3014
2016-05-11 2016-03-31 13F M & T BANK COM 55261F104 186,182 7,988 4.48 20,666 -4.30 4.0638
2016-02-11 2015-12-31 13F M & T BANK COM 55261F104 178,194 1,796 1.02 21,594 0.38 4.2985
2015-11-12 2015-09-30 13F M & T BANK COM 55261F104 176,398 6,139 3.61 21,512 1.14 4.3264
2015-08-12 2015-06-30 13F M & T BANK COM 55261F104 170,259 3,873 2.33 21,270 0.66 4.2515
2015-05-12 2015-03-31 13F M & T BANK COM 55261F104 166,386 166,386 21,131 4.6267
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.