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 | |
|---|---|---|---|---|---|---|
1326
CALL
First Solar
FSLR
$24.7B
| $3.99M | ﹤0.01% |
18,100
-11,200
| -38% | -$2.15M |
|
1327
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $3.97M | ﹤0.01% |
76,091
-6,227
| -8% | -$321K |
|
1328
State Street Blackstone Senior Loan ETF
SRLN
$5.37B
| $3.97M | ﹤0.01% |
95,546
+3,308
| +4% | +$137K |
|
1329
Vanguard Industrials ETF
VIS
$8.55B
| $3.97M | ﹤0.01% |
13,406
+10,872
| +429% | +$3.15M |
|
1330
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
| $3.96M | ﹤0.01% |
91,549
-332
| -0.4% | -$14.3K |
|
1331
CALL
Tapestry
TPR
$25.9B
| $3.96M | ﹤0.01% |
35,000
| – | – |
|
1332
Travel + Leisure Co
TNL
$4.62B
| $3.95M | ﹤0.01% |
66,455
-3,062
| -4% | -$184K |
|
1333
iShares Global Infrastructure ETF
IGF
$10.7B
| $3.95M | ﹤0.01% |
64,642
+2,811
| +5% | +$169K |
|
1334
PUT
Thomson Reuters
TRI
$44.5B
| $3.94M | ﹤0.01% |
+25,008
| New | +$4.67M |
|
1335
BWX Technologies
BWXT
$15.8B
| $3.94M | ﹤0.01% |
21,384
-8,531
| -29% | -$1.37M |
|
1336
Pinterest
PINS
$13.6B
| $3.94M | ﹤0.01% |
122,552
+9,499
| +8% | +$344K |
|
1337
CALL
Upstart Holdings
UPST
$2.99B
| $3.93M | ﹤0.01% |
77,300
-28,200
| -27% | -$1.98M |
|
1338
Dynatrace
DT
$14.4B
| $3.92M | ﹤0.01% |
80,964
+2,102
| +3% | +$106K |
|
1339
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $3.9M | ﹤0.01% |
35,000
| – | – |
|
1340
Xometry
XMTR
$5.53B
| $3.9M | ﹤0.01% |
+71,567
| New | +$3.11M |
|
1341
CALL
Waters Corp
WAT
$40.5B
| $3.9M | ﹤0.01% |
+13,000
| New | +$3.92M |
|
1342
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.7B
| $3.89M | ﹤0.01% |
82,816
+5,604
| +7% | +$260K |
|
1343
Vanguard Russell 1000 Value ETF
VONV
$22.1B
| $3.88M | ﹤0.01% |
43,452
+2,562
| +6% | +$224K |
|
1344
Sabesp
SBS
$16B
| $3.88M | ﹤0.01% |
803,943
-84,423
| -10% | -$355K |
|
1345
Royalty Pharma
RPRX
$26B
| $3.88M | ﹤0.01% |
109,939
-12,057
| -10% | -$436K |
|
|
EMBJ
1346
Embraer S.A. ADS
EMBJ
$13.5B
| $3.86M | ﹤0.01% |
63,878
+969
| +2% | +$54.7K |
|
1347
Invesco S&P 500 GARP ETF
SPGP
$2.33B
| $3.86M | ﹤0.01% |
1,851
-498
| -21% | -$55.2K |
|
1348
Healthcare Realty
HR
$6.6B
| $3.86M | ﹤0.01% |
213,908
+143,992
| +206% | +$2.43M |
|
1349
Invesco NASDAQ 100 ETF
QQQM
$104B
| $3.85M | ﹤0.01% |
15,583
+10,425
| +202% | +$2.46M |
|
1350
CALL
Rhythm Pharmaceuticals
RYTM
$7.91B
| $3.84M | ﹤0.01% |
+38,000
| New | +$3.53M |
|
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.