Dark Forest Capital Management’s M&T Bank MTB Stock Holding History

Dark Forest Capital Management’s Portfolio MTB Stock Details MTB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-44,361	Closed	-$8.77M	–	1214
2025 Q3	$8.77M	Buy	+44,361	New	+$8.7M	0.33%	31
2025 Q2	–	Sell	-5,336	Closed	-$954K	–	1403
2025 Q1	$954K	Buy	+5,336	New	+$1.01M	0.04%	711
2024 Q4	–	Sell	-1,485	Closed	-$265K	–	1187
2024 Q3	$265K	Buy	+1,485	New	+$246K	0.03%	707
2023 Q1	–	Sell	-105	Closed	-$15.2K	–	1381
2022 Q4	$15.2K	Buy	+105	New	+$17.3K	﹤0.01%	640
2022 Q2	–	Sell	-122	Closed	-$20K	–	1201
2022 Q1	$20K	Buy	+122	New	+$21.5K	﹤0.01%	791
2021 Q3	–	Sell	-888	Closed	-$129K	–	1446
2021 Q2	$129K	Buy	+888	New	+$139K	0.06%	269

Other funds holding MTB

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Dark Forest Capital Management's MTB Position: Q4 2025 in Review

Dark Forest Capital Management sold out of M&T Bank (MTB) in Q4 2025, closing a stake of 44,361 shares — an estimated $8.77M sold.

Dark Forest Capital Management first reported a position in MTB in Q2 2021 and held it in 6 quarters. The position peaked at $8.77M in Q3 2025. 1,102 funds tracked by Wall St. Rank hold MTB as of Q4 2025.

Dark Forest Capital Management reported no remaining M&T Bank position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 44,361 M&T Bank shares in Q4 2025, an estimated $8.77M.
Dark Forest Capital Management first reported a position in M&T Bank in Q2 2021 and held it in 6 quarters.
Dark Forest Capital Management's M&T Bank position peaked at $8.77M in Q3 2025.
1,102 funds tracked by Wall St. Rank held M&T Bank as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.