Holders over time
- MTB
- WFC
| Quarter | MTB | WFC |
|---|---|---|
| Q3 2020 | 21 holders, $2.1bn | 34 holders, $15.9bn |
| Q4 2020 | 15 holders, $2.8bn | 33 holders, $19.5bn |
| Q1 2021 | 13 holders, $3.4bn | 31 holders, $23.4bn |
| Q2 2021 | 15 holders, $3.2bn | 33 holders, $28.0bn |
| Q3 2021 | 18 holders, $3.6bn | 28 holders, $27.7bn |
| Q4 2021 | 15 holders, $3.6bn | 32 holders, $28.6bn |
| Q1 2022 | 11 holders, $5.1bn | 37 holders, $28.8bn |
| Q2 2022 | 15 holders, $5.3bn | 32 holders, $24.1bn |
| Q3 2022 | 17 holders, $6.1bn | 28 holders, $25.5bn |
| Q4 2022 | 20 holders, $10.8bn | 33 holders, $25.2bn |
| Q1 2023 | 14 holders, $3.7bn | 34 holders, $21.5bn |
| Q2 2023 | 14 holders, $3.8bn | 29 holders, $23.4bn |
| Q3 2023 | 7 holders, $3.8bn | 30 holders, $22.9bn |
| Q4 2023 | 12 holders, $3.9bn | 32 holders, $27.2bn |
| Q1 2024 | 10 holders, $4.2bn | 27 holders, $33.6bn |
| Q2 2024 | 12 holders, $4.5bn | 37 holders, $34.1bn |
| Q3 2024 | 11 holders, $5.3bn | 35 holders, $32.0bn |
| Q4 2024 | 11 holders, $5.2bn | 42 holders, $38.9bn |
| Q1 2025 | 19 holders, $5.4bn | 39 holders, $38.2bn |
| Q2 2025 | 16 holders, $5.5bn | 33 holders, $41.6bn |
| Q3 2025 | 11 holders, $5.6bn | 29 holders, $41.5bn |
| Q4 2025 | 11 holders, $6.1bn | 29 holders, $43.6bn |
| Q1 2026 | 10 holders, $6.1bn | 34 holders, $36.8bn |
| Q2 2026 | 13 holders, $7.0bn | 41 holders, $38.2bn |
M & T BK Corp
- Holders
- 10
- Reported value
- $6.1bn
- Buyers
- 12
- Sellers
- 17
Breadth -5 among 91 comparable managers.
Wells Fargo & Co
- Holders
- 34
- Reported value
- $36.8bn
- Buyers
- 20
- Sellers
- 22
Breadth -2 among 91 comparable managers.
Who holds both, Q1 2026
Both (8)
AllianceBernstein LP, Bridgewater Associates LP, Fidelity (FMR LLC), GAMCO Investors Inc, Invesco Ltd, MFS Investment Management, Neuberger Berman Group LLC, Wellington Management Group LLP
Only MTB (2)
Only WFC (26)
Acadian Asset Management LLC, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Dodge & Cox, Freestone Grove Partners LP, Harris Associates LP, Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, Millennium Management LLC, Quantbot Technologies LP, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, Two Sigma Investments LP, Voloridge Investment Management LLC, Walleye Capital LLC, and 1 more
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.