L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
30,944,936
combined, among listed positions
Reported value
$6.2bn
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,112,494.

Managers listing MTB in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
Fidelity (FMR LLC)13,326,445$2.7bn0.14%Added+1,109,53217 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP10,160,408$2.0bn0.36%Trimmed-75,65817 Feb 2026 (the filing on sec.gov)
Invesco Ltd4,090,299$824m0.08%Added+409,91319 Feb 2026 (the filing on sec.gov)
MFS Investment Management1,217,812$245m0.08%Added+35,80122 Jan 2026 (the filing on sec.gov)
AllianceBernstein LP473,746$95munder 0.1%Added+6,02617 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC370,181$75m0.06%Added+182,93527 Oct 2026 (the filing on sec.gov)
AQR Capital Management LLC265,285$53munder 0.1%Trimmed-49,35617 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc228,406$46munder 0.1%Added+2,72017 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP154,846$31m0.11%Trimmed-5,88113 Feb 2026 (the filing on sec.gov)
Artisan Partners LP135,518$27munder 0.1%Trimmed-25,16217 Feb 2026 (the filing on sec.gov)
Millennium Management LLC96,332$19munder 0.1%Trimmed-215,49317 Feb 2026 (the filing on sec.gov)
Man Group PLC70,495$14munder 0.1%Added+19,19117 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP57,549$12munder 0.1%Added+52,20113 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC52,379$11munder 0.1%Added+4,71313 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP47,375$9.5munder 0.1%Added+31,83117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC34,779$7.0munder 0.1%Trimmed-30,16717 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP28,795$5.8munder 0.1%Trimmed-21,92217 Feb 2026 (the filing on sec.gov)
PDT Partners LLC26,801$5.4m0.35%Added+18,77417 Feb 2026 (the filing on sec.gov)
Woodline Partners LP26,270$5.3munder 0.1%Added+5,61717 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc20,022$4.0munder 0.1%Trimmed-1005 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp19,926$4.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd19,552$3.9munder 0.1%Added+34417 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC9,306$1.9munder 0.1%Trimmed-151,14012 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP5,119$1.0munder 0.1%Trimmed-45,64617 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC4,096$825kunder 0.1%Trimmed-7213 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
11 in Q3 2024 to 13 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
MTB by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201316$3.4bnn.a.n.a.
Q3 201313$3.5bnn.a.n.a.
Q4 201313$4.0bnn.a.n.a.
Q1 201416$4.2bnn.a.n.a.
Q2 201413$4.0bnn.a.n.a.
Q3 201419$4.0bnn.a.n.a.
Q4 201415$4.1bnn.a.n.a.
Q1 201515$4.1bnn.a.n.a.
Q2 201517$4.0bnn.a.n.a.
Q3 201515$3.9bnn.a.n.a.
Q4 201515$4.1bnn.a.n.a.
Q1 201615$3.5bnn.a.n.a.
Q2 201615$3.8bnn.a.n.a.
Q3 201616$3.5bnn.a.n.a.
Q4 201623$5.8bnn.a.n.a.
Q1 201719$5.4bnn.a.n.a.
Q2 201717$5.6bnn.a.n.a.
Q3 201720$5.4bnn.a.n.a.
Q4 201720$5.8bnn.a.n.a.
Q1 201823$6.1bnn.a.n.a.
Q2 201835$5.7bnn.a.n.a.
Q3 201835$4.8bnn.a.n.a.
Q4 201829$4.0bnn.a.n.a.
Q1 201927$4.3bnn.a.n.a.
Q2 201921$4.5bnn.a.n.a.
Q3 201923$4.1bnn.a.n.a.
Q4 201921$4.3bnn.a.n.a.
Q1 202015$2.7bnn.a.n.a.
Q2 202015$2.6bnn.a.n.a.
Q3 202021$2.1bnn.a.n.a.
Q4 202015$2.8bnn.a.n.a.
Q1 202113$3.4bnn.a.n.a.
Q2 202115$3.2bnn.a.n.a.
Q3 202118$3.6bnn.a.n.a.
Q4 202115$3.6bnn.a.n.a.
Q1 202211$5.1bnn.a.n.a.
Q2 202215$5.3bnn.a.n.a.
Q3 202217$6.1bnn.a.n.a.
Q4 202220$10.8bnn.a.n.a.
Q1 202314$3.7bnn.a.n.a.
Q2 202314$3.8bnn.a.n.a.
Q3 20237$3.8bnn.a.n.a.
Q4 202312$3.9bn75
Q1 202410$4.2bn47
Q2 202412$4.5bn84
Q3 202411$5.3bn74
Q4 202411$5.2bn210
Q1 202519$5.4bn145
Q2 202516$5.5bn109
Q3 202511$5.6bn66
Q4 202511$6.1bn1414
Q1 202610$6.1bn1217
Q2 202613$7.0bn1712

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

MTB and BAC →MTB and JPM →MTB and WFC →Choose a stock to compare with MTB →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own MTB, latest filings →Back to the 13F Explorer →