Bank of Montreal’s Fortuna Silver Mines FSM Stock Holding History

Bank of Montreal’s Portfolio FSM Stock Details FSM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-511,500	Closed	-$5.01M	–	3835
2025 Q4	$5.01M	Buy	+511,500	New	+$4.6M	﹤0.01%	1331
2025 Q1	–	Sell	-141,700	Closed	-$607K	–	3582
2024 Q4	$607K	Buy	141,700 +69,500	+96%	+$331K	﹤0.01%	2115
2024 Q3	$347K	Hold	72,200	–	–	﹤0.01%	2666
2024 Q2	$358K	Buy	+72,200	New	+$364K	﹤0.01%	2620
2021 Q1	–	Sell	-200,000	Closed	-$1.71M	–	5169
2020 Q4	$1.71M	Hold	200,000	–	–	﹤0.01%	1903
2020 Q3	$1.23M	Hold	200,000	–	–	﹤0.01%	1878
2020 Q2	$1.01M	Hold	200,000	–	–	﹤0.01%	1917
2020 Q1	$428K	Buy	+200,000	New	+$678K	﹤0.01%	2051
2018 Q2	–	Sell	-4,200	Closed	-$22K	–	4763
2018 Q1	$22K	Hold	4,200	–	–	﹤0.01%	3528
2017 Q4	$22K	Sell	4,200 -15,800	-79%	-$71.2K	﹤0.01%	3558
2017 Q3	$88K	Hold	20,000	–	–	﹤0.01%	3035
2017 Q2	$98K	Buy	+20,000	New	+$96K	﹤0.01%	2995
2016 Q4	–	Sell	-1,674,200	Closed	-$12.1M	–	4096
2016 Q3	$12.1M	Buy	1,674,200 +1,630,200	+3,705%	+$13.6M	0.01%	732
2016 Q2	$307K	Buy	+44,000	New	+$256K	﹤0.01%	2271
2013 Q3	–	Sell	-20,000	Closed	-$66K	–	3825
2013 Q2	$66K	Buy	+20,000	New	+$64.2K	﹤0.01%	2603

Other funds holding FSM

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $73.7B AUM 53.56% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

Tidal Investments Milwaukee, Wisconsin $47.4B AUM 59.58% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of Montreal's FSM Position: Q1 2026 in Review

Bank of Montreal reduced its Fortuna Silver Mines (FSM) stake by 37% in Q1 2026, selling an estimated $14.1M and leaving 2,192,477 shares worth $21.8M. The position accounts for 0.01% of the portfolio, ranked #815.

Bank of Montreal first reported a position in FSM in Q2 2013 and has held it in 50 quarters since. The position peaked at $36.9M in Q3 2025. 253 funds tracked by Wall St. Rank hold FSM as of Q1 2026.

Bank of Montreal held 2,192,477 shares of Fortuna Silver Mines worth $21.8M as of Q1 2026.
Bank of Montreal sold 1,303,635 Fortuna Silver Mines shares in Q1 2026, an estimated $14.1M.
Fortuna Silver Mines made up 0.01% of Bank of Montreal's portfolio in Q1 2026, its #815 holding.
Bank of Montreal first reported a position in Fortuna Silver Mines in Q2 2013 and has held it in 50 quarters since.
Bank of Montreal's Fortuna Silver Mines position peaked at $36.9M in Q3 2025.
253 funds tracked by Wall St. Rank held Fortuna Silver Mines as of Q1 2026.

Based on Bank of Montreal's 13F filing for Q1 2026, filed 13 May 2026.