Bank of Montreal Portfolio holdings
Bank of Montreal (BMO), established in 1817 as Canada’s first chartered bank and headquartered in Montreal, Quebec (with key operations in Toronto), is a major North American financial institution offering personal and commercial banking, wealth management, and capital markets services. Managing hundreds of billions in assets, BMO serves over 13 million customers, with a strong U.S. presence through BMO Harris Bank, bolstered by its 1984 acquisition of Harris Bank and the 2022 purchase of Bank of the West, expanding its footprint to 32 states. Known for its longevity and stability, BMO has paid dividends since 1829, one of the longest streaks globally, and emphasizes digital innovation and sustainable finance under CEO Darryl White. With a global reach spanning North America, Europe, and Asia, BMO blends its historical roots with a modern focus on customer-centric growth.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.08B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$706M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$604M |
| 4 |
Microsoft
MSFT
|
+$515M |
| 5 |
SPDR Gold Trust
GLD
|
+$499M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$742M |
| 2 |
Toronto Dominion Bank
TD
|
+$513M |
| 3 |
iShares MSCI Japan ETF
EWJ
|
+$488M |
| 4 |
Canadian Natural Resources
CNQ
|
+$389M |
| 5 |
Advanced Micro Devices
AMD
|
+$380M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.46% |
| 2 | Technology | 21.42% |
| 3 | Communication Services | 7.63% |
| 4 | Consumer Discretionary | 6% |
| 5 | Industrials | 5.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Dominion Energy
D
$60.1B
| $163M | 0.06% |
2,659,851
+1,784,709
| +204% | +$106M |
|
227
iShares Russell 1000 Growth ETF
IWF
$129B
| $162M | 0.06% |
1,386,512
+163,512
| +13% | +$18.2M |
|
228
Intercontinental Exchange
ICE
$85.6B
| $161M | 0.06% |
953,123
+78,440
| +9% | +$14M |
|
229
Fortinet
FTNT
$119B
| $160M | 0.06% |
1,906,276
+350,088
| +22% | +$31.2M |
|
230
Starbucks
SBUX
$126B
| $160M | 0.06% |
1,888,905
+326,151
| +21% | +$29.2M |
|
231
Nike
NKE
$60.6B
| $159M | 0.06% |
2,285,318
-651,662
| -22% | -$48.6M |
|
232
Descartes Systems
DSGX
$6.35B
| $159M | 0.06% |
1,683,790
+5,317
| +0.3% | +$543K |
|
233
Blackstone
BX
$110B
| $158M | 0.06% |
922,139
+67,163
| +8% | +$11.5M |
|
234
T-Mobile US
TMUS
$194B
| $157M | 0.06% |
656,863
+142,256
| +28% | +$34.4M |
|
235
Simon Property Group
SPG
$71.9B
| $157M | 0.06% |
836,879
+196,119
| +31% | +$33.9M |
|
236
Cigna
CI
$73.6B
| $154M | 0.06% |
533,564
+138,739
| +35% | +$41.1M |
|
237
Apollo Global Management
APO
$82.9B
| $153M | 0.06% |
1,149,775
+109,958
| +11% | +$15.6M |
|
238
A.O. Smith
AOS
$8.44B
| $152M | 0.06% |
112,929
+9,683
| +9% | +$691K |
|
239
Duke Energy
DUK
$96.9B
| $151M | 0.06% |
1,220,536
-446,843
| -27% | -$54.2M |
|
240
O'Reilly Automotive
ORLY
$74.7B
| $150M | 0.06% |
1,390,530
+143,182
| +11% | +$14.4M |
|
241
Capital One
COF
$136B
| $150M | 0.06% |
704,635
+58,376
| +9% | +$12.8M |
|
242
IDEX
IEX
$17.5B
| $148M | 0.06% |
49,681
+9,118
| +22% | +$1.54M |
|
243
Autodesk
ADSK
$51.6B
| $147M | 0.06% |
462,361
+38,828
| +9% | +$11.8M |
|
244
Aon
AON
$74.3B
| $145M | 0.06% |
406,652
+82,970
| +26% | +$30M |
|
245
Teradyne
TER
$65.1B
| $144M | 0.06% |
1,048,597
+767,392
| +273% | +$83.8M |
|
246
Microchip Technology
MCHP
$43.3B
| $144M | 0.06% |
2,243,633
+745,387
| +50% | +$50.5M |
|
247
Workday
WDAY
$43.3B
| $144M | 0.06% |
597,692
+213,658
| +56% | +$49.4M |
|
248
TransAlta
TAC
$3.95B
| $142M | 0.05% |
10,425,309
+1,369,830
| +15% | +$16.8M |
|
249
Brookfield Infrastructure
BIPC
$4.95B
| $142M | 0.05% |
4,796,850
+274,363
| +6% | +$11.1M |
|
250
Invesco S&P 500 Top 50 ETF
XLG
$11B
| $140M | 0.05% |
133,366
+338
| +0.3% | +$18.5K |
|
Similar funds
Bank of Montreal's Q3 2025 Portfolio in Review
As of Q3 2025, Bank of Montreal held 3,865 positions worth $261B, up 22% from $213B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Bank of Montreal deployed $12.9B of net new capital in Q3 2025, opening 378 new positions and adding to 1,362 existing holdings. Its largest new stake was Invesco QQQ Trust: 1,232,947 shares worth $740M.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 21% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $742M trimmed.
- Bank of Montreal's largest Q3 2025 buy was Invesco QQQ Trust: 1,232,947 shares worth $740M.
- Bank of Montreal added most to iShares Core S&P 500 ETF in Q3 2025, an estimated $1.08B increase.
- Bank of Montreal's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $742M.
- Bank of Montreal fully exited Hess in Q3 2025, selling an estimated $45.1M.
- Bank of Montreal's ten largest holdings make up 26% of its $261B portfolio in Q3 2025.
- Bank of Montreal opened 378 new positions and closed 364 in Q3 2025.
- Bank of Montreal's portfolio value rose 22% quarter-over-quarter to $261B.
Based on Bank of Montreal's 13F filing for Q3 2025, filed 13 Nov 2025.