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 |
EMA
Emera Inc
EMA
|
+$742M |
| 2 |
Canadian Natural Resources
CNQ
|
+$507M |
| 3 |
Amazon
AMZN
|
+$445M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$418M |
| 5 |
Strategy Inc
MSTR
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$2.72B |
| 2 |
NVIDIA
NVDA
|
+$1.19B |
| 3 |
Toronto Dominion Bank
TD
|
+$1.03B |
| 4 |
Canadian Imperial Bank of Commerce
CM
|
+$886M |
| 5 |
Mastercard
MA
|
+$775M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.07% |
| 2 | Technology | 20.31% |
| 3 | Communication Services | 8.37% |
| 4 | Industrials | 6.84% |
| 5 | Consumer Discretionary | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Xtrackers MSCI EAFE Hedged Equity ETF
DBEF
$9.46B
| $50.1M | 0.02% |
1,144,654
-8,187
| -0.7% | -$355K |
|
427
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $50.1M | 0.02% |
689,001
+16,788
| +2% | +$1.14M |
|
428
Entergy
ETR
$49.9B
| $49.7M | 0.02% |
598,263
-37,793
| -6% | -$3.12M |
|
429
Dominion Energy
D
$60.3B
| $49.5M | 0.02% |
875,142
-286,547
| -25% | -$15.7M |
|
430
Willis Towers Watson
WTW
$31B
| $49.4M | 0.02% |
161,185
+16,014
| +11% | +$4.97M |
|
431
Energy Transfer Partners
ET
$71.5B
| $49.3M | 0.02% |
2,720,786
-11,901
| -0.4% | -$208K |
|
432
Corteva
CTVA
$50.6B
| $49.1M | 0.02% |
659,321
-166,504
| -20% | -$11.1M |
|
433
FedEx
FDX
$80.3B
| $48.9M | 0.02% |
215,324
-50,581
| -19% | -$11.1M |
|
434
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
| $48.8M | 0.02% |
330,939
-10,969
| -3% | -$1.5M |
|
435
Airbnb
ABNB
$111B
| $48.8M | 0.02% |
368,828
-95,474
| -21% | -$12.1M |
|
436
Verisk Analytics
VRSK
$24.2B
| $48.7M | 0.02% |
156,297
-32,142
| -17% | -$9.74M |
|
437
PUT
Middleby
MIDD
$5.29B
| $48.2M | 0.02% |
335,000
+160,000
| +91% | +$22.5M |
|
438
iShares Global REIT ETF
REET
$5.08B
| $48.2M | 0.02% |
1,950,176
-756,418
| -28% | -$18.3M |
|
439
Carlisle Companies
CSL
$14.9B
| $48.1M | 0.02% |
128,860
+14,371
| +13% | +$5.34M |
|
440
iShares National Muni Bond ETF
MUB
$45.9B
| $47.6M | 0.02% |
455,925
-17,764
| -4% | -$1.85M |
|
441
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.3B
| $47.5M | 0.02% |
522,412
+337
| +0.1% | +$28.9K |
|
442
Sabra Healthcare REIT
SBRA
$5.15B
| $47.5M | 0.02% |
2,575,969
+1,827,361
| +244% | +$32.4M |
|
443
Cheniere Energy
LNG
$55B
| $47.5M | 0.02% |
194,940
+7,242
| +4% | +$1.68M |
|
444
PUT
SoFi Technologies
SOFI
$23.8B
| $47.1M | 0.02% |
2,586,200
+248,800
| +11% | +$3.28M |
|
445
Realty Income
O
$59.6B
| $47M | 0.02% |
816,224
-76,035
| -9% | -$4.3M |
|
446
Bunge Global
BG
$21.7B
| $46.7M | 0.02% |
581,120
-11,077
| -2% | -$872K |
|
447
PUT
Alphabet (Google) Class A
GOOGL
$4.24T
| $46.6M | 0.02% |
264,300
+263,500
| +32,938% | +$43.1M |
|
448
PUT
GameStop
GME
$8.33B
| $46.5M | 0.02% |
1,908,000
+1,796,200
| +1,607% | +$48.1M |
|
449
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $46.5M | 0.02% |
428,320
+15,881
| +4% | +$1.56M |
|
450
Norfolk Southern
NSC
$75.9B
| $46.5M | 0.02% |
181,538
-45,481
| -20% | -$10.7M |
|
Similar funds
Bank of Montreal's Q2 2025 Portfolio in Review
As of Q2 2025, Bank of Montreal held 3,808 positions worth $213B, up 3.6% from $206B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Bank of Montreal withdrew a net $14.4B in Q2 2025, closing 312 positions and reducing 1,471 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $594M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 23% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Bank of Montreal opened a new position in Emera Inc worth $758M.
- Bank of Montreal's largest Q2 2025 buy was Emera Inc: 16,537,422 shares worth $758M.
- Bank of Montreal added most to Canadian Natural Resources in Q2 2025, an estimated $507M increase.
- Bank of Montreal's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $2.72B.
- Bank of Montreal fully exited Invesco QQQ Trust in Q2 2025, selling an estimated $594M.
- Bank of Montreal's ten largest holdings make up 27% of its $213B portfolio in Q2 2025.
- Bank of Montreal opened 341 new positions and closed 312 in Q2 2025.
- Bank of Montreal's portfolio value rose 3.6% quarter-over-quarter to $213B.
Based on Bank of Montreal's 13F filing for Q2 2025, filed 5 Aug 2025.