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 | |
|---|---|---|---|---|---|---|
2101
StepStone Group
STEP
$4.15B
| $595K | ﹤0.01% |
10,727
+971
| +10% | +$52K |
|
|
UCB
2102
United Community Banks
UCB
$4.43B
| $594K | ﹤0.01% |
19,952
-98
| -0.5% | -$2.72K |
|
2103
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
| $593K | ﹤0.01% |
19,647
-2,488
| -11% | -$74.6K |
|
2104
Cavco Industries
CVCO
$4.65B
| $593K | ﹤0.01% |
1,364
+5
| +0.4% | +$2.34K |
|
2105
International Bancshares
IBOC
$4.56B
| $591K | ﹤0.01% |
8,880
-721
| -8% | -$45K |
|
2106
CALL
Delta Air Lines
DAL
$58.8B
| $590K | ﹤0.01% |
+12,000
| New | +$551K |
|
2107
Schwab Fundamental US Small Company Index ETF
FNDA
$9.45B
| $590K | ﹤0.01% |
20,598
+1,858
| +10% | +$50.4K |
|
2108
Outfront Media
OUT
$5.33B
| $589K | ﹤0.01% |
36,066
+758
| +2% | +$11.8K |
|
2109
CALL
Emerson Electric
EMR
$91B
| $587K | ﹤0.01% |
4,400
| – | – |
|
2110
Semtech
SMTC
$13.1B
| $587K | ﹤0.01% |
12,994
-2,113
| -14% | -$75.2K |
|
2111
iShares International Treasury Bond ETF
IGOV
$1.53B
| $583K | ﹤0.01% |
13,518
+13,028
| +2,659% | +$542K |
|
2112
Disc Medicine
IRON
$3.03B
| $582K | ﹤0.01% |
10,988
+5,137
| +88% | +$241K |
|
2113
AXIS Capital
AXS
$7.38B
| $581K | ﹤0.01% |
5,596
+646
| +13% | +$64.3K |
|
2114
Douglas Emmett
DEI
$1.96B
| $580K | ﹤0.01% |
38,542
+529
| +1% | +$7.64K |
|
2115
Vanguard Russell 2000 Value ETF
VTWV
$1.38B
| $578K | ﹤0.01% |
4,159
-87
| -2% | -$11.4K |
|
2116
CALL
Equinox Gold
EQX
$13.5B
| $578K | ﹤0.01% |
+100,000
| New | +$650K |
|
2117
FerroAtlántica
GSM
$820M
| $575K | ﹤0.01% |
156,714
-7,242
| -4% | -$26.6K |
|
2118
iMGP DBi Managed Futures Strategy ETF
DBMF
$4.2B
| $574K | ﹤0.01% |
22,324
-111
| -0.5% | -$2.81K |
|
2119
Kemper
KMPR
$1.62B
| $572K | ﹤0.01% |
8,863
-579
| -6% | -$35.8K |
|
2120
ARK 21Shares Bitcoin ETF
ARKB
$2.4B
| $571K | ﹤0.01% |
15,950
-141,034
| -90% | -$4.62M |
|
2121
Cirrus Logic
CRUS
$6.07B
| $570K | ﹤0.01% |
5,470
-714
| -12% | -$69.9K |
|
2122
Envista
NVST
$4.51B
| $570K | ﹤0.01% |
29,160
-6,249
| -18% | -$109K |
|
|
USAS
2123
Americas Gold and Silver
USAS
$1.77B
| $569K | ﹤0.01% |
281,730
-52,906
| -16% | -$85.4K |
|
|
CET
2124
Central Securities Corp
CET
$1.63B
| $568K | ﹤0.01% |
11,870
| – | – |
|
|
VPU
2125
Vanguard Utilities ETF
VPU
$8.57B
| $567K | ﹤0.01% |
3,210
+1,143
| +55% | +$197K |
|
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.