Wedgewood Partners’s M&T Bank MTB Stock Holding History

Wedgewood Partners’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
2016 Q2	–	Sell	-2,711	Closed	-$301K	–	37
2016 Q1	$301K	Sell	2,711 -3,068,523	-100%	-$333M	0.01%	35
2015 Q4	$372M	Sell	3,071,234 -477,631	-13%	-$58.2M	6.39%	5
2015 Q3	$433M	Sell	3,548,865 -220,344	-6%	-$27.6M	6.3%	5
2015 Q2	$471M	Buy	3,769,209 +267,711	+8%	+$33M	6.31%	5
2015 Q1	$445M	Buy	3,501,498 +457,717	+15%	+$55.4M	5.97%	6
2014 Q4	$382M	Buy	3,043,781 +392,800	+15%	+$48.2M	5.16%	6
2014 Q3	$327M	Buy	2,650,981 +215,571	+9%	+$26.5M	5.28%	7
2014 Q2	$302M	Buy	2,435,410 +109,078	+5%	+$13.3M	5.27%	7
2014 Q1	$282M	Buy	2,326,332 +194,391	+9%	+$22.4M	5.22%	7
2013 Q4	$248M	Buy	2,131,941 +655,401	+44%	+$74.5M	5.16%	8
2013 Q3	$165M	Buy	+1,476,540	New	+$171M	3.96%	12

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

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

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

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

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

AAM

Aberdeen Asset Management Aberdeen, United Kingdom $30B AUM 22.46% 1-Year Est. Return

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

Wedgewood Partners's MTB Position: Q2 2016 in Review

Wedgewood Partners sold out of M&T Bank (MTB) in Q2 2016, closing a stake of 2,711 shares — an estimated $301K sold.

Wedgewood Partners first reported a position in MTB in Q3 2013 and held it in 11 quarters. The position peaked at $471M in Q2 2015. 523 funds tracked by Wall St. Rank hold MTB as of Q2 2016.

Wedgewood Partners reported no remaining M&T Bank position as of Q2 2016 after selling out during the quarter.
Wedgewood Partners sold 2,711 M&T Bank shares in Q2 2016, an estimated $301K.
Wedgewood Partners first reported a position in M&T Bank in Q3 2013 and held it in 11 quarters.
Wedgewood Partners's M&T Bank position peaked at $471M in Q2 2015.
523 funds tracked by Wall St. Rank held M&T Bank as of Q2 2016.

Based on Wedgewood Partners's 13F filing for Q2 2016, filed 15 Aug 2016.