M & T BANK CORP

CUSIP: 55261f104 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (1)

BERKSHIRE ASSET MANAGEMENT LLC/PA

Value ($000) $48,545 Shares 240,943

Institution	Shares	Value ($000)
BERKSHIRE ASSET MANAGEMENT LLC/PA	240,943	$48,545

Increased Positions (2)

COZAD ASSET MANAGEMENT INC

Value ($000) $1,906 (+3.1%) Shares 9,459 (+1.1%)

Ancora Advisors LLC

Value ($000) $39 (+58.6%) Shares 196 (+55.6%)

Institution	Prev Shares	Curr Shares	Change
COZAD ASSET MANAGEMENT INC	9,354	9,459	+105 (+1.1%)
Ancora Advisors LLC	126	196	+70 (+55.6%)

Decreased Positions (4)

Lesa Sroufe & Co

Value ($000) $5 (0.0%) Shares 22,414 (-1.9%)

MCINTYRE FREEDMAN & FLYNN INVESTMENT ADVISERS INC

Value ($000) $1,988 (-1.1%) Shares 9,865 (-3.0%)

MAGNOLIA CAPITAL MANAGEMENT LTD

Value ($000) $0 (-5.0%) Shares 2,080 (-6.7%)

DF DENT & CO INC

Value ($000) $396 (-39.3%) Shares 1,963 (-40.5%)

Institution	Prev Shares	Curr Shares	Change
Lesa Sroufe & Co	22,853	22,414	-439 (-1.9%)
MCINTYRE FREEDMAN & FLYNN INVESTMENT ADVISERS INC	10,171	9,865	-306 (-3.0%)
MAGNOLIA CAPITAL MANAGEMENT LTD	2,230	2,080	-150 (-6.7%)
DF DENT & CO INC	3,298	1,963	-1,335 (-40.5%)