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 | Miscellaneous | 18.41% |
| 4 | Communication Services | 7.63% |
| 5 | Consumer Discretionary | 6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1426
Lincoln Electric
LECO
$14.7B
| $3.1M | ﹤0.01% |
13,153
-585
| -4% | -$137K |
2013 Q2
49 quarters
|
|
1427
Old Second Bancorp
OSBC
$1.25B
| $3.1M | ﹤0.01% |
+179,350
| New | +$3.23M |
2025 Q3
0 quarters
|
|
1428
e.l.f. Beauty
ELF
$6.14B
| $3.1M | ﹤0.01% |
23,402
-2,799
| -11% | -$345K |
2017 Q1
34 quarters
|
|
1429
Nicolet Bankshares
NIC
$3.43B
| $3.1M | ﹤0.01% |
23,034
| – | – |
2023 Q2
9 quarters
|
|
1430
Sunrun
RUN
$1.84B
| $3.09M | ﹤0.01% |
178,783
-57,419
| -24% | -$769K |
2018 Q2
29 quarters
|
|
1431
PUT
First Majestic Silver
AG
$8.7B
| $3.07M | ﹤0.01% |
+250,000
| New | +$2.32M |
2025 Q3
0 quarters
|
|
1432
Repligen
RGEN
$10B
| $3.03M | ﹤0.01% |
22,704
-11,902
| -34% | -$1.45M |
2013 Q2
49 quarters
|
|
1433
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.55B
| $3.03M | ﹤0.01% |
12,903
+6,435
| +99% | +$1.4M |
2017 Q3
32 quarters
|
|
1434
Kratos Defense & Security Solutions
KTOS
$8.04B
| $3.03M | ﹤0.01% |
33,157
-10,304
| -24% | -$660K |
2023 Q4
7 quarters
|
|
1435
Schwab US Dividend Equity ETF
SCHD
$108B
| $3.02M | ﹤0.01% |
110,447
+4,653
| +4% | +$127K |
2013 Q2
49 quarters
|
|
|
NVMI
1436
Nova
NVMI
$12.3B
| $3M | ﹤0.01% |
+11,145
| New | +$3.08M |
2025 Q3
0 quarters
|
|
1437
Unum
UNM
$13.9B
| $3M | ﹤0.01% |
38,515
-2,671
| -6% | -$200K |
2013 Q2
49 quarters
|
|
1438
PUT
PayPal
PYPL
$45.4B
| $2.98M | ﹤0.01% |
44,400
-2,500
| -5% | -$176K |
2023 Q2
9 quarters
|
|
1439
PUT
Cenovus Energy
CVE
$58.4B
| $2.97M | ﹤0.01% |
174,900
-4,108,100
| -96% | -$64.1M |
2025 Q2
1 quarter
|
|
1440
Mach Natural Resources
MNR
$1.72B
| $2.97M | ﹤0.01% |
225,000
-100,000
| -31% | -$1.42M |
2025 Q1
2 quarters
|
|
1441
CALL
Ero Copper
ERO
$3.73B
| $2.94M | ﹤0.01% |
+145,000
| New | +$2.21M |
2025 Q3
0 quarters
|
|
1442
iShares ESG MSCI EM Leaders ETF
LDEM
$33.2M
| $2.92M | ﹤0.01% |
49,569
-50
| -0.1% | -$2.81K |
2021 Q2
17 quarters
|
|
1443
HubSpot
HUBS
$10.8B
| $2.9M | ﹤0.01% |
6,202
+1,951
| +46% | +$982K |
2017 Q4
31 quarters
|
|
1444
Sensata Technologies
ST
$6.16B
| $2.89M | ﹤0.01% |
94,723
-10,479
| -10% | -$331K |
2014 Q2
45 quarters
|
|
1445
Banco Santander
SAN
$193B
| $2.88M | ﹤0.01% |
275,131
+152,887
| +125% | +$1.42M |
2013 Q2
49 quarters
|
|
1446
MasTec
MTZ
$17.2B
| $2.87M | ﹤0.01% |
13,498
-952
| -7% | -$174K |
2013 Q2
49 quarters
|
|
1447
Arrow Electronics
ARW
$11.8B
| $2.86M | ﹤0.01% |
23,632
-39,195
| -62% | -$4.93M |
2013 Q2
49 quarters
|
|
|
B
1448
PUT
Barrick Mining
B
$66B
| $2.85M | ﹤0.01% |
86,900
-25,600
| -23% | -$649K |
2024 Q3
4 quarters
|
|
1449
CALL
Murphy Oil
MUR
$5.37B
| $2.84M | ﹤0.01% |
100,000
| – | – |
2025 Q1
2 quarters
|
|
1450
PUT
Albemarle
ALB
$12.4B
| $2.84M | ﹤0.01% |
+35,000
| New | +$2.7M |
2025 Q3
0 quarters
|
|
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 $10.7B 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 Miscellaneous.
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.