BANK NEW YORK MELLON CORP

The Bank of New York Mellon Corporation (ticker BK, CUSIP 064058100) is the world's largest custodian bank — the institution that sits underneath the majority of institutional assets, holding securities, processing trades, and administering fund accounting for asset managers, pension plans, and sovereign wealth funds. Its 13F-reported institutional base includes BNY Mellon's own client-facing asset-management arms as well as external holders, making the holder composition analytically interesting. In Q2 2026, eleven institutions reported $39.84M in BK positions. Cacti Asset Management LLC is the overwhelmingly dominant holder at $33.77M and 233,515 shares — 84.8% of the reported base — and held its position unchanged in share terms during the quarter. The positive valueChange of +$6.07M reflects BK's stock appreciation during Q2 rather than a trade: Cacti's read-through is one of institutional conviction held through a strong quarter. MassMutual Private Wealth & Trust trimmed 234 shares (from 24,929 to 24,695) but recognized a $614K unrealized gain, suggesting BK stock rose materially during the quarter. Versant Capital Management added 1,126 shares and $376K in value — a substance add that signals continued confidence in BK as a custodian-quality name. Eastern Bank cut 809 shares and $72K, the only meaningful share reduction beyond MassMutual's rounding trim. Noble Wealth Management opened a new position at $1,012 and 7 shares, too small to be conviction.