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Francois Rochon

Giverny Capital

Francois Rochon M&T Bank Corp stake

total: 126

Giverny Capital MTB trades

Total transactions:
39
New positions:
2
Sold out:
2
Added:
26
Reduced:
9
Held since:
2021 Q2
Held for:
20 quarters
Latest activity:
2026 Q2
According to 2026 Q2 report, Francois Rochon doesn't hold any M&T Bank Corp (MTB) shares. To date, the estimated cost basis is nearly $152.02 for "buy" trades and estimated average "sell" price is $191.75. Giverny Capital first purchased MTB in 2015 Q1, initially acquiring 166,386 shares. Francois Rochon later completely sold out the position and invested in M&T Bank Corp again in 2021 Q2. Since the initial investment in M&T Bank Corp (MTB), Giverny Capital has made 38 more transactions.

When did Francois Rochon sell M&T Bank Corp (MTB)?

Francois Rochon sold off the entire M&T Bank Corp (MTB) position in 2026 Q2.

When did Francois Rochon buy M&T Bank Corp (MTB)?

Francois Rochon first invested in M&T Bank Corp (MTB) in 2015 Q1 at the reported quarter-end price of $127.00 per share.

What's the cost basis of Giverny Capital's MTB stake?

The estimated cost basis for M&T Bank Corp (MTB) stake is around $152.02 per share. This represents their average reported price* across all buy transactions

Estimated cost basis*

Weighted AVG buy price:
$152.02
Weighted AVG sell price:
$191.75

Francois Rochon's historical trades in M&T Bank Corp

39 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2026 Q2
0.00%
0
$206.72
-100% (-7,535)
-0.06%
2026 Q1
0.06%
7,535
$206.72
$1,557,635
-0.07% (-5)
-0%
2025 Q2
0.05%
7,540
$193.99
$1,462,685
-97.95% (-359,992)
-2.57%
2025 Q1
2.42%
367,532
$178.75
$65,696,345
-0.01% (-49)
-0%
2024 Q4
2.53%
367,581
$188.01
$69,108,904
+1.94% (+6,990)
+0.05%
2024 Q3
2.44%
360,591
$178.12
$64,228,469
+4.44% (+15,329)
+0.1%
2024 Q2
2.21%
345,262
$151.36
$52,258,856
-2.10% (-7,408)
-0.05%
2024 Q1
2.08%
352,670
$145.44
$51,292,325
+2.80% (+9,614)
+0.06%
2023 Q4
2.21%
343,056
$137.08
$47,026,116
+0.27% (+937)
+0.01%
2023 Q3
2.35%
342,119
$126.45
$43,260,948
+1.04% (+3,533)
+0.02%
2023 Q2
2.20%
$123.76
+13.69% (+40,767)
2023 Q1
2.15%
$119.57
-2.80% (-8,564)
2022 Q4
2.75%
$145.06
+1.33% (+4,013)
2022 Q3
3.61%
$176.32
+1.29% (+3,850)
2022 Q2
3.14%
$159.39
+2.73% (+7,933)
2022 Q1
2.78%
$169.50
+2.90% (+8,203)
2021 Q4
2.31%
$153.58
+5,929.98% (+277,701)
2021 Q2
0.04%
$145.21
new
2020 Q1
0.00%
$169.75
-100% (-139,368)
2019 Q4
2.14%
$169.75
+0.94% (+1,301)
2019 Q3
2.17%
$157.97
+1.83% (+2,481)
2019 Q2
2.33%
$170.07
+7.23% (+9,143)
2019 Q1
2.28%
$157.02
+2.16% (+2,679)
2018 Q4
2.33%
$143.13
+1.82% (+2,217)
2018 Q3
2.26%
$164.54
+8.32% (+9,335)
2018 Q2
2.48%
$170.15
+0.63% (+708)
2018 Q1
2.75%
$184.36
+0.57% (+628)
2017 Q4
2.60%
$170.99
-28.74% (-44,710)
2017 Q3
3.66%
$161.04
+1.54% (+2,362)
2017 Q2
4.01%
$161.95
-16.93% (-31,237)
2017 Q1
4.74%
$154.73
-1.64% (-3,084)
2016 Q4
4.96%
$156.43
-1.57% (-2,992)
2016 Q3
4.12%
$116.10
+1.65% (+3,089)
2016 Q2
4.30%
$118.23
+0.68% (+1,266)
2016 Q1
4.06%
$111.00
+4.48% (+7,988)
2015 Q4
4.30%
$121.18
+1.02% (+1,796)
2015 Q3
4.33%
$121.95
+3.61% (+6,139)
2015 Q2
4.25%
$124.93
+2.33% (+3,873)
2015 Q1
4.63%
$127.00
new
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.