DNB Asset Management Reduces Stake in M&T Bank

The institutional investor sold over 10,000 shares of the financial services provider in Q3 2025.

Published on Mar. 3, 2026

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DNB Asset Management AS, a Norwegian asset management firm, reduced its position in M&T Bank Corporation (NYSE:MTB) by 9.6% during the third quarter of 2025, according to a recent SEC filing. The fund now owns 100,683 shares of the financial services provider's stock, valued at approximately $19.9 million.

Why it matters

M&T Bank is a major regional bank with a significant presence in the northeastern and mid-Atlantic United States. Changes in institutional ownership of the bank's stock can provide insights into market sentiment and potential shifts in the company's performance.

The details

According to the filing, DNB Asset Management sold 10,659 shares of M&T Bank during the third quarter, reducing its total stake in the company to 100,683 shares. The firm now owns approximately 0.07% of M&T Bank's outstanding shares.

  • DNB Asset Management filed the 13F report disclosing the stake reduction on February 28, 2026.
  • The share sale occurred during the third quarter of 2025.

The players

DNB Asset Management AS

A Norwegian asset management firm that previously held a larger stake in M&T Bank Corporation.

M&T Bank Corporation

A major regional bank headquartered in Buffalo, New York, providing commercial and retail banking services across the northeastern and mid-Atlantic United States.

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The takeaway

The reduction in DNB Asset Management's position in M&T Bank is a relatively small change in the bank's overall institutional ownership, but it could signal a shift in sentiment or portfolio strategy for the Norwegian firm. Investors will likely continue to monitor institutional activity around M&T Bank's stock as an indicator of broader market views on the company's performance and outlook.