Form 13F security

M & T BK CORP

Class COM

As filed on Form 13F — long US-listed positions only. No shorts, cash, bonds, or non-13F assets appear here.

Filed up to 45 days after quarter end; holdings may have changed since.

Tracked managers holding it

Share and principal positions

ManagerQuarterValue% of portfolioSH/PRN qtyPut/call
Smead Capital Management, Inc.2026-06-30$66M1.4%SH 277,594
ARIEL INVESTMENTS, LLC2026-06-30$42M0.4%SH 174,574
Davis Selected Advisers2026-06-30$14M<0.1%SH 58,072
Bridgewater Associates, LP2026-06-30$14M<0.1%SH 57,083
Fisher Asset Management, LLC — Ken Fisher2026-06-30$8.5M<0.1%SH 35,756
GAMCO INVESTORS, INC. ET AL2026-06-30$4.5M<0.1%SH 18,970

Total $148M across 6 of 69 managers.

Sums are across tracked reports, not unique economic ownership.

ARIEL INVESTMENTS, LLC — Combined report.

Filed rows (7) — as filed

The filer reports some securities in multiple rows; rows are shown as filed.

ManagerClassPut/callValue% of portfolioSH/PRN qtySource
Smead Capital Management, Inc.COM$66M1.4%SH 277,5940001172661-26-003262
ARIEL INVESTMENTS, LLCCOM$41M0.4%SH 173,0300000936753-26-000050
Davis Selected AdvisersCommon Stock$14M<0.1%SH 58,0720001036325-26-000020
Bridgewater Associates, LPCOM$14M<0.1%SH 57,0830001350694-26-000003
Fisher Asset Management, LLCCOM$8.5M<0.1%SH 35,7560000850529-26-000006
GAMCO INVESTORS, INC. ET ALEQUITY$4.5M<0.1%SH 18,9700001140361-26-032508
ARIEL INVESTMENTS, LLCCOM<$1M<0.1%SH 1,5440000936753-26-000050

Quarter-to-quarter notes

Reported change, not a confirmed trade: this compares quarter-end reports filed up to 45 days later, and the position may since have changed. Amendments, corporate actions, and changes in reporting scope can also move these rows. Value change compares period-end reported values; for continuing rows it includes market price movement.

No longer reported by Giverny Capital Inc..

Changes appear only where the prior quarter's validated report exists.