Here’s Why Ariel Global Purchased M&T Bank Corporation (MTB) in Q3
Ariel Investments, an investment management company, released its “Ariel Global Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Davis Capital Partners Lansing Davis | 325,000 | $64,226,500 | 2.29% | |
| 2. | AQR Capital Management Cliff Asness | 314,641 | $62,179,397 | +36% | 0.04% |
| 3. | Millennium Management Israel Englander | 311,825 | $61,622,857 | +204% | 0.03% |
| 4. | Ariel Investments John W. Rogers | 191,434 | $37,831,187 | +4359% | 0.4% |
| 5. | Bridgewater Associates Ray Dalio | 160,727 | $31,762,870 | +88% | 0.12% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $112.11 | 500 | $56,055.00 | 32,876 | 2023-10-25 | Filing | |
| $110.93 | 4,500 | $499,162.95 | 32,376 | 2023-10-25 | Filing | |
| $121.35 | 2,200 | $266,977.04 | 10,000 | 2023-06-01 | Filing | |
| $120.40 | 7,800 | $939,105.18 | 7,800 | 2023-06-01 | Filing | |
| $156.40 | 390 | $60,999.91 | 390 | 2023-02-21 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $190.06 | 6,000 | $1,140,377.40 | 17,070 | 2025-11-25 | Filing | |
| $202.12 | 3,429 | $693,061.25 | 6,952 | 2025-08-29 | Filing | |
| $199.78 | 448 | $89,501.98 | 5,356 | 2025-08-26 | Filing | |
| $199.79 | 15,000 | $2,996,793.00 | 17,866 | 2025-08-22 | Filing | |
| $192.80 | 4,330 | $834,824.00 | 0 | 2025-08-14 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 19,025,192 | $3,759,758,443 | 0.06% | |
| 2. | 12,420,844 | $2,454,607,148 | 0.04% | |
| 3. | 12,216,913 | $2,414,306,423 | 0.13% | |
| 4. | 10,236,066 | $2,022,851,364 | 0.35% | |
| 5. | 7,457,106 | $1,473,673,288 | 0.05% |