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 | |
|---|---|---|---|---|---|---|
501
PPG Industries
PPG
$25.5B
| $38.1M | 0.02% |
334,808
-58,903
| -15% | -$6.37M |
|
502
Carrier Global
CARR
$52.2B
| $38M | 0.02% |
519,210
-139,570
| -21% | -$9.47M |
|
503
Charter Communications
CHTR
$18.7B
| $37.8M | 0.02% |
92,561
+407
| +0.4% | +$156K |
|
504
LyondellBasell Industries
LYB
$20.2B
| $37.7M | 0.02% |
651,236
+15,264
| +2% | +$890K |
|
505
Iron Mountain
IRM
$37.7B
| $37.6M | 0.02% |
366,434
-52,102
| -12% | -$4.91M |
|
506
Monolithic Power Systems
MPWR
$67B
| $37.4M | 0.02% |
51,189
+3,863
| +8% | +$2.46M |
|
507
Omnicom Group
OMC
$24.2B
| $37.3M | 0.02% |
518,862
-86,258
| -14% | -$6.37M |
|
508
Dimensional International Small Cap ETF
DFIS
$5.9B
| $37.1M | 0.02% |
1,243,971
+44,140
| +4% | +$1.22M |
|
|
EUAD
509
Select STOXX Europe Aerospace & Defense ETF
EUAD
$1.24B
| $37.1M | 0.02% |
859,436
+372,111
| +76% | +$13.9M |
|
510
Cloudflare
NET
$118B
| $37.1M | 0.02% |
189,348
+21,428
| +13% | +$3.11M |
|
511
Barclays
BCS
$94.6B
| $37M | 0.02% |
1,991,960
+1,480,716
| +290% | +$24.5M |
|
512
Public Service Enterprise Group
PEG
$37.8B
| $36.9M | 0.02% |
438,176
-71,059
| -14% | -$5.73M |
|
513
Avantis International Small Cap Value ETF
AVDV
$19.9B
| $36.8M | 0.02% |
463,992
+52,054
| +13% | +$3.85M |
|
514
Humana
HUM
$46.2B
| $36.6M | 0.02% |
149,773
+6,349
| +4% | +$1.58M |
|
515
Ferguson
FERG
$48B
| $36.5M | 0.02% |
167,853
-35,295
| -17% | -$6.5M |
|
516
Nasdaq
NDAQ
$54.6B
| $36.5M | 0.02% |
408,678
-43,152
| -10% | -$3.44M |
|
517
Steel Dynamics
STLD
$37.3B
| $36.5M | 0.02% |
285,450
-15,671
| -5% | -$2M |
|
518
Quest Diagnostics
DGX
$26.1B
| $36.3M | 0.02% |
201,962
-10,296
| -5% | -$1.79M |
|
519
Dimensional US Large Cap Value ETF
DFLV
$7.01B
| $36.2M | 0.02% |
1,167,915
+122,500
| +12% | +$3.63M |
|
520
Monster Beverage
MNST
$91.4B
| $36.2M | 0.02% |
1,154,336
-300,838
| -21% | -$9.19M |
|
521
Fair Isaac
FICO
$24B
| $36.1M | 0.02% |
19,772
-2,980
| -13% | -$5.6M |
|
522
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.75B
| $36.1M | 0.02% |
436,381
-13,796
| -3% | -$1.08M |
|
|
NOA
523
North American Construction
NOA
$389M
| $35.9M | 0.02% |
2,244,637
+98,646
| +5% | +$1.61M |
|
524
iShares Russell 3000 ETF
IWV
$20.6B
| $35.9M | 0.02% |
102,252
-18,630
| -15% | -$6.05M |
|
525
CMS Energy
CMS
$22.1B
| $35.9M | 0.02% |
517,575
-77,617
| -13% | -$5.53M |
|
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.