# M&T Bank (MTB): value investors who own it | moatshark

3 value investors held M&T Bank in their Q3 2026 13F, led by Smead Capital Management, Matrix Asset Advisors, Davis Selected Advisers.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Smead Capital Management | 1.3% | $59.7m | Trimmed -1.2% | 12 |
| Matrix Asset Advisors | 1.1% | $13.9m | Trimmed -19% | 26 |
| Davis Selected Advisers | 0.1% | $13.8m | Trimmed -3.7% | 25 |
| Giverny Capital | 0.0% | $0k | Sold out | 20 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-10-16 | PEARSON KEVIN J | Vice Chairman | Sold | 2000 | $442k |
| 2026-09-14 | JONES RENE F | Chairman of the Board and CEO | Sold | 19396 | $4.6m |
| 2026-08-21 | Seseri Rudina | Director | Sold | 623 | $150k |
| 2026-08-17 | Taylor John R. | EVP and Controller | Sold | 1217 | $309k |
| 2026-08-05 | WALTERS KIRK W | Director | Sold | 9.3659 | $2k |
| 2026-08-03 | Ledgett Richard H. Jr. | Director | Sold | 855 | $212k |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Smead Value Fund | Smead Capital Management | 1.3% | $49.7m | 2026-05-29 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/mtb). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.