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M & T BK CORP
M & T BK CORP. Institutional holdings reported to the SEC.

Institutional Holders (2014Q4)
Portfolio Summary: 530 Institutional holders with a total value of $13,648,792,624.
#
Manager Name
Shares
Value ($)
%
Options
Notes
101 Douglass Winthrop Advisors, LLC 131,363 16,502,000 0.12%
102 GENERAL AMERICAN INVESTORS CO INC 125,000 15,703,000 0.12%
103 TD ASSET MANAGEMENT INC 124,100 15,589,000 0.11%
104 UNITED SERVICES AUTOMOBILE ASSOCIATION 120,441 15,130,000 0.11%
105 SPEECE THORSON CAPITAL GROUP INC 120,337 15,117,000 0.11%
106 ROYAL BANK OF CANADA 120,075 15,083,000 0.11%
107 CURIAN CAPITAL LLC 117,839 14,803,000 0.11%
108 PGGM Investments 115,924 14,562,000 0.11%
109 Boston Trust Walden Corp 113,088 14,206,000 0.10%
110 CIBC Private Wealth Group LLC 112,540 14,137,000 0.10%
111 FIDUCIARY TRUST CO 111,756 14,038,000 0.10%
112 Placemark Investments, Inc. 110,281 13,855,000 0.10%
113 Chevy Chase Trust Holdings, LLC 105,580 13,263,000 0.10%
114 IMPAX ASSET MANAGEMENT LLC 98,141 12,328,000 0.09%
115 BECK MACK & OLIVER LLC 91,384 11,480,000 0.08%
116 BRIDGEWAY CAPITAL MANAGEMENT, LLC 89,520 11,246,000 0.08%
117 STATE OF WISCONSIN INVESTMENT BOARD 86,963 10,924,000 0.08%
118 CANADA LIFE ASSURANCE Co 84,841 10,641,000 0.08%
119 VOYA INVESTMENT MANAGEMENT LLC 83,657 10,509,000 0.08%
120 RIVERHEAD CAPITAL MANAGEMENT LLC 82,362 10,348,000 0.08%
121 TOCQUEVILLE ASSET MANAGEMENT L.P. 79,895 10,036,000 0.07%
122 Retirement Systems of Alabama 78,896 9,911,000 0.07%
123 KEYBANK NATIONAL ASSOCIATION/OH 78,858 9,906,000 0.07%
124 ALPINE WOODS CAPITAL INVESTORS, LLC 78,705 9,887,000 0.07%
125 FIRST NATIONAL BANK OF OMAHA 76,483 9,607,000 0.07%
126 BNP PARIBAS FINANCIAL MARKETS 76,398 9,597,117 0.07%
127 UBS Group AG 75,933 9,539,000 0.07%
128 METROPOLITAN LIFE INSURANCE CO/NY 75,182 9,444,000 0.07%
129 STIFEL FINANCIAL CORP 70,607 8,868,000 0.06%
130 SUSQUEHANNA INTERNATIONAL GROUP, LLP 70,100 8,806,000 0.06% Call
131 Fisher Asset Management, LLC 68,904 8,656,000 0.06%
132 PICTET ASSET MANAGEMENT LTD 68,823 8,646,000 0.06%
133 SCHRODER INVESTMENT MANAGEMENT GROUP 67,943 8,535,000 0.06%
134 TCW GROUP INC 67,670 8,501,000 0.06%
135 AMERICAN INTERNATIONAL GROUP, INC. 66,831 8,395,326 0.06%
136 First Eagle Investment Management, LLC 65,832 8,270,000 0.06%
137 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 65,781 8,263,000 0.06%
138 NISA INVESTMENT ADVISORS, LLC 64,239 8,070,000 0.06%
139 CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 64,145 8,058,000 0.06%
140 FIRST TRUST ADVISORS LP 63,993 8,039,000 0.06%
141 MASON STREET ADVISORS, LLC 63,827 8,018,000 0.06%
142 CAMBRIDGE TRUST CO 63,809 8,017,000 0.06%
143 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 63,700 8,002,000 0.06%
144 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 62,746 7,882,000 0.06%
145 OAK ASSOCIATES LTD /OH/ 62,615 7,866,000 0.06%
146 SG Americas Securities, LLC 62,242 7,819,000 0.06%
147 Euclid Advisors LLC 61,760 7,758,000 0.06%
148 DENVER INVESTMENT ADVISORS LLC 61,593 7,737,000 0.06%
149 HighTower Advisors, LLC 59,885 7,523,000 0.06%
150 Arizona State Retirement System 58,145 7,304,000 0.05%
Page 3 of 11

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.