M & T BK CORP

Ticker: MTB CUSIP: 55261F104 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 42,833 Value ($000) $8,630 Avg Close $190.09 Range $173.38 - $208.26

Q3 2025

Shares 47,352 Value ($000) $9,358 Avg Close $193.71 Range $179.84 - $202.35

Q2 2025

Shares 47,511 Value ($000) $9,217 Avg Close $172.90 Range $147.35 - $193.26

Q1 2025

Shares 47,982 Value ($000) $8,577 Avg Close $184.51 Range $165.06 - $197.34

Q4 2024

Shares 48,506 Value ($000) $9,120 Avg Close $192.14 Range $164.08 - $217.71

Q3 2024

Shares 47,804 Value ($000) $8,515 Avg Close $159.11 Range $139.56 - $174.25

Q2 2024

Shares 45,770 Value ($000) $6,928 Avg Close $138.95 Range $126.18 - $148.59

Q1 2024

Shares 45,647 Value ($000) $6,639 Avg Close $130.61 Range $120.57 - $139.44

Q4 2023

Shares 45,609 Value ($000) $6,252 Avg Close $117.30 Range $100.95 - $139.29

Q3 2023

Shares 45,253 Value ($000) $5,722 Avg Close $120.47 Range $109.59 - $131.11

Q2 2023

Shares 45,861 Value ($000) $5,676 Avg Close $110.64 Range $99.63 - $120.49

Q1 2023

Shares 50,183 Value ($000) $6,000 Avg Close $131.45 Range $100.21 - $146.31

Q4 2022

Shares 49,710 Value ($000) $7,211 Avg Close $147.80 Range $125.03 - $172.70

Q3 2022

Shares 49,262 Value ($000) $8,686 Avg Close $158.03 Range $132.58 - $172.33

Q2 2022

Shares 50,109 Value ($000) $7,987 Avg Close $149.08 Range $139.16 - $163.11

Q1 2022

Shares 35,820 Value ($000) $6,071 Avg Close $155.43 Range $136.45 - $165.23

Q4 2021

Shares 35,035 Value ($000) $5,381 Avg Close $134.29 Range $124.36 - $142.38

Q3 2021

Shares 36,105 Value ($000) $5,392 Avg Close $120.25 Range $111.14 - $134.92

Q2 2021

Shares 36,359 Value ($000) $5,283 Avg Close $134.57 Range $123.34 - $144.59

Q1 2021

Shares 36,990 Value ($000) $5,608 Avg Close $126.15 Range $107.04 - $140.55

Q4 2020

Shares 36,784 Value ($000) $4,683 Avg Close $96.63 Range $76.47 - $110.90

Q3 2020

Shares 39,011 Value ($000) $3,593 Avg Close $85.82 Range $74.81 - $95.50

Q2 2020

Shares 30,641 Value ($000) $3,186 Avg Close $87.80 Range $70.48 - $108.89

Q1 2020

Shares 33,628 Value ($000) $3,478 Avg Close $121.20 Range $72.59 - $143.03

Q4 2019

Shares 43,659 Value ($000) $7,411 Avg Close $132.84 Range $120.05 - $141.90

Q3 2019

Shares 44,271 Value ($000) $6,993 Avg Close $127.93 Range $115.55 - $141.88

Q2 2019

Shares 45,058 Value ($000) $7,663 Avg Close $133.84 Range $127.29 - $138.45

Q1 2019

Shares 79,994 Value ($000) $12,561 Avg Close $131.85 Range $113.08 - $141.64

Q4 2018

Shares 80,654 Value ($000) $11,544 Avg Close $127.57 Range $107.21 - $137.04

Q3 2018

Shares 97,419 Value ($000) $16,029 Avg Close $137.68 Range $130.87 - $144.01

Q2 2018

Shares 95,421 Value ($000) $16,236 Avg Close $141.53 Range $132.54 - $148.86

Q1 2018

Shares 78,796 Value ($000) $14,527 Avg Close $146.61 Range $133.51 - $155.61

Q4 2017

Shares 80,996 Value ($000) $13,850 Avg Close $129.92 Range $121.79 - $138.71

Q3 2017

Shares 76,460 Value ($000) $12,313 Avg Close $122.44 Range $110.34 - $129.80

Q2 2017

Shares 38,174 Value ($000) $6,182 Avg Close $122.39 Range $114.25 - $127.61

Q1 2017

Shares 38,174 Value ($000) $5,907 Avg Close $124.95 Range $115.77 - $133.93

Q4 2016

Shares 38,374 Value ($000) $6,003 Avg Close $104.02 Range $86.11 - $122.08

Q3 2016

Shares 49,626 Value ($000) $5,762 Avg Close $88.80 Range $84.74 - $91.81

Q2 2016

Shares 53,826 Value ($000) $6,364 Avg Close $88.17 Range $81.12 - $92.11

Q1 2016

Shares 58,826 Value ($000) $6,530 Avg Close $81.93 Range $75.36 - $89.79

Q4 2015

Shares 58,226 Value ($000) $7,056 Avg Close $91.64 Range $83.48 - $95.93

Q3 2015

Shares 55,926 Value ($000) $6,820 Avg Close $93.27 Range $83.75 - $99.75

Q4 2014

Shares 58,145 Value ($000) $7,304 Avg Close $90.02 Range $82.27 - $94.90

Q3 2014

Shares 56,845 Value ($000) $7,008 Avg Close $89.75 Range $86.23 - $94.17

Q2 2014

Shares 58,145 Value ($000) $7,212 Avg Close $88.34 Range $84.00 - $91.61

Q1 2014

Shares 51,945 Value ($000) $6,300 Avg Close $83.18 Range $78.50 - $89.02

Q4 2013

Shares 53,945 Value ($000) $6,280 Avg Close $81.40 Range $78.07 - $84.34

Q3 2013

Shares 55,845 Value ($000) $6,250 Avg Close $82.37 Range $78.25 - $84.92

Q2 2013

Shares 53,645 Value ($000) $5,994 Avg Close $72.91 Range $67.52 - $79.57

Q1 2013

Shares 53,545 Value ($000) $5,523 Avg Close $72.70 Range $69.80 - $74.22

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	42,833	$8,630	$190.09	$173.38 - $208.26
Q3 2025	47,352	$9,358	$193.71	$179.84 - $202.35
Q2 2025	47,511	$9,217	$172.90	$147.35 - $193.26
Q1 2025	47,982	$8,577	$184.51	$165.06 - $197.34
Q4 2024	48,506	$9,120	$192.14	$164.08 - $217.71
Q3 2024	47,804	$8,515	$159.11	$139.56 - $174.25
Q2 2024	45,770	$6,928	$138.95	$126.18 - $148.59
Q1 2024	45,647	$6,639	$130.61	$120.57 - $139.44
Q4 2023	45,609	$6,252	$117.30	$100.95 - $139.29
Q3 2023	45,253	$5,722	$120.47	$109.59 - $131.11
Q2 2023	45,861	$5,676	$110.64	$99.63 - $120.49
Q1 2023	50,183	$6,000	$131.45	$100.21 - $146.31
Q4 2022	49,710	$7,211	$147.80	$125.03 - $172.70
Q3 2022	49,262	$8,686	$158.03	$132.58 - $172.33
Q2 2022	50,109	$7,987	$149.08	$139.16 - $163.11
Q1 2022	35,820	$6,071	$155.43	$136.45 - $165.23
Q4 2021	35,035	$5,381	$134.29	$124.36 - $142.38
Q3 2021	36,105	$5,392	$120.25	$111.14 - $134.92
Q2 2021	36,359	$5,283	$134.57	$123.34 - $144.59
Q1 2021	36,990	$5,608	$126.15	$107.04 - $140.55
Q4 2020	36,784	$4,683	$96.63	$76.47 - $110.90
Q3 2020	39,011	$3,593	$85.82	$74.81 - $95.50
Q2 2020	30,641	$3,186	$87.80	$70.48 - $108.89
Q1 2020	33,628	$3,478	$121.20	$72.59 - $143.03
Q4 2019	43,659	$7,411	$132.84	$120.05 - $141.90
Q3 2019	44,271	$6,993	$127.93	$115.55 - $141.88
Q2 2019	45,058	$7,663	$133.84	$127.29 - $138.45
Q1 2019	79,994	$12,561	$131.85	$113.08 - $141.64
Q4 2018	80,654	$11,544	$127.57	$107.21 - $137.04
Q3 2018	97,419	$16,029	$137.68	$130.87 - $144.01
Q2 2018	95,421	$16,236	$141.53	$132.54 - $148.86
Q1 2018	78,796	$14,527	$146.61	$133.51 - $155.61
Q4 2017	80,996	$13,850	$129.92	$121.79 - $138.71
Q3 2017	76,460	$12,313	$122.44	$110.34 - $129.80
Q2 2017	38,174	$6,182	$122.39	$114.25 - $127.61
Q1 2017	38,174	$5,907	$124.95	$115.77 - $133.93
Q4 2016	38,374	$6,003	$104.02	$86.11 - $122.08
Q3 2016	49,626	$5,762	$88.80	$84.74 - $91.81
Q2 2016	53,826	$6,364	$88.17	$81.12 - $92.11
Q1 2016	58,826	$6,530	$81.93	$75.36 - $89.79
Q4 2015	58,226	$7,056	$91.64	$83.48 - $95.93
Q3 2015	55,926	$6,820	$93.27	$83.75 - $99.75
Q4 2014	58,145	$7,304	$90.02	$82.27 - $94.90
Q3 2014	56,845	$7,008	$89.75	$86.23 - $94.17
Q2 2014	58,145	$7,212	$88.34	$84.00 - $91.61
Q1 2014	51,945	$6,300	$83.18	$78.50 - $89.02
Q4 2013	53,945	$6,280	$81.40	$78.07 - $84.34
Q3 2013	55,845	$6,250	$82.37	$78.25 - $84.92
Q2 2013	53,645	$5,994	$72.91	$67.52 - $79.57
Q1 2013	53,545	$5,523	$72.70	$69.80 - $74.22