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 | |
|---|---|---|---|---|---|---|
2251
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.04B
| $438K | ﹤0.01% |
10,007
+193
| +2% | +$8.09K |
|
2252
Adaptive Biotechnologies
ADPT
$3.9B
| $437K | ﹤0.01% |
29,230
-54
| -0.2% | -$658 |
|
2253
iShares MSCI Australia ETF
EWA
$1.45B
| $437K | ﹤0.01% |
16,189
+3,381
| +26% | +$90.2K |
|
2254
Enpro
NPO
$7.2B
| $436K | ﹤0.01% |
1,930
-1,942
| -50% | -$419K |
|
2255
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.39B
| $435K | ﹤0.01% |
3,627
-159
| -4% | -$18.9K |
|
2256
Sensient Technologies
SXT
$5.56B
| $432K | ﹤0.01% |
4,599
-3,819
| -45% | -$418K |
|
2257
Defiance Quantum ETF
QTUM
$5.84B
| $429K | ﹤0.01% |
4,088
+2,804
| +218% | +$269K |
|
2258
Silicon Laboratories
SLAB
$7.29B
| $427K | ﹤0.01% |
3,259
-12,409
| -79% | -$1.69M |
|
2259
Global X DAX Germany ETF
DAX
$237M
| $427K | ﹤0.01% |
9,534
+3,885
| +69% | +$173K |
|
2260
D-Wave Quantum Inc. Common Stock
QBTS
$7.97B
| $426K | ﹤0.01% |
17,232
+266
| +2% | +$4.85K |
|
2261
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.53B
| $425K | ﹤0.01% |
17,471
-1,294
| -7% | -$31.4K |
|
2262
iShares Core MSCI Europe ETF
IEUR
$9.16B
| $425K | ﹤0.01% |
6,240
+563
| +10% | +$37.5K |
|
2263
Avient
AVNT
$4.23B
| $424K | ﹤0.01% |
12,880
-1,390
| -10% | -$48.3K |
|
2264
UFP Industries
UFPI
$4.98B
| $423K | ﹤0.01% |
4,526
-1,175
| -21% | -$119K |
|
2265
Tandem Diabetes Care
TNDM
$1.57B
| $422K | ﹤0.01% |
34,793
-175,539
| -83% | -$2.38M |
|
2266
SiTime
SITM
$21B
| $420K | ﹤0.01% |
1,395
-1,773
| -56% | -$411K |
|
2267
Kemper
KMPR
$1.62B
| $420K | ﹤0.01% |
8,150
-713
| -8% | -$40K |
|
2268
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.88B
| $420K | ﹤0.01% |
6,971
-50
| -0.7% | -$2.94K |
|
2269
WisdomTree US MidCap Dividend Fund
DON
$4.13B
| $420K | ﹤0.01% |
8,023
| – | – |
|
2270
iShares MSCI India ETF
INDA
$6.55B
| $419K | ﹤0.01% |
8,039
-7,260
| -47% | -$388K |
|
2271
First Trust Long/Short Equity ETF
FTLS
$2.51B
| $417K | ﹤0.01% |
5,966
+180
| +3% | +$12.1K |
|
2272
C3.ai
AI
$1.55B
| $416K | ﹤0.01% |
24,008
-6,023
| -20% | -$126K |
|
2273
Semtech
SMTC
$12.9B
| $415K | ﹤0.01% |
5,815
-7,179
| -55% | -$390K |
|
|
GRAL
2274
GRAIL Inc
GRAL
$3.04B
| $415K | ﹤0.01% |
7,026
+104
| +2% | +$3.97K |
|
2275
Dakota Gold
DC
$853M
| $415K | ﹤0.01% |
91,176
+21,610
| +31% | +$90.9K |
|
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.