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 | |
|---|---|---|---|---|---|---|---|
1551
Shift4
FOUR
$2.81B
| $2.14M | ﹤0.01% |
27,707
-287,319
| -91% | -$26.7M |
2023 Q1
10 quarters
|
|
1552
Cemex
CX
$13.6B
| $2.14M | ﹤0.01% |
238,174
+117,192
| +97% | +$1M |
2013 Q2
49 quarters
|
|
|
ILOW
1553
AB International Low Volatility Equity ETF
ILOW
$1.78B
| $2.14M | ﹤0.01% |
50,309
| – | – |
2024 Q3
4 quarters
|
|
|
GAP
1554
PUT
The Gap Inc
GAP
$7.98B
| $2.14M | ﹤0.01% |
100,000
| – | – |
2025 Q2
1 quarter
|
|
1555
Popular Inc
BPOP
$9.98B
| $2.12M | ﹤0.01% |
+16,712
| New | +$2M |
2025 Q3
0 quarters
|
|
1556
Service Corp International
SCI
$10.4B
| $2.12M | ﹤0.01% |
25,504
-2,170
| -8% | -$173K |
2013 Q2
49 quarters
|
|
1557
Schwab U.S Small- Cap ETF
SCHA
$21.8B
| $2.12M | ﹤0.01% |
76,058
-29,873
| -28% | -$799K |
2013 Q2
49 quarters
|
|
1558
CALL
Synopsys
SNPS
$94B
| $2.12M | ﹤0.01% |
+4,300
| New | +$2.43M |
2025 Q3
0 quarters
|
|
1559
CALL
Brookfield
BN
$81.6B
| $2.11M | ﹤0.01% |
+46,200
| New | +$2.05M |
2025 Q3
0 quarters
|
|
|
SLSR
1560
Solaris Resources
SLSR
$1.16B
| $2.11M | ﹤0.01% |
330,962
-111,506
| -25% | -$592K |
2024 Q2
5 quarters
|
|
|
WCN
1561
CALL
Waste Connections
WCN
$37.9B
| $2.11M | ﹤0.01% |
+12,000
| New | +$2.18M |
2025 Q3
0 quarters
|
|
1562
CALL
Nike
NKE
$52.1B
| $2.09M | ﹤0.01% |
30,000
-50,000
| -63% | -$3.73M |
2025 Q2
1 quarter
|
|
1563
iShares US Medical Devices ETF
IHI
$3.46B
| $2.08M | ﹤0.01% |
34,646
+37
| +0.1% | +$2.26K |
2013 Q2
49 quarters
|
|
1564
Murphy Oil
MUR
$5.37B
| $2.08M | ﹤0.01% |
73,185
-6,722
| -8% | -$170K |
2013 Q2
49 quarters
|
|
1565
Tencent Music
TME
$12.7B
| $2.08M | ﹤0.01% |
175,131
+77,252
| +79% | +$1.79M |
2025 Q2
1 quarter
|
|
1566
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.42B
| $2.07M | ﹤0.01% |
40,797
+3,357
| +9% | +$170K |
2014 Q1
46 quarters
|
|
|
BLD
1567
DELISTED
TopBuild
BLD
| $2.06M | ﹤0.01% |
5,271
-126
| -2% | -$50.3K |
2015 Q3
40 quarters
|
|
1568
Caesars Entertainment
CZR
$6.04B
| $2.06M | ﹤0.01% |
76,108
-71,656
| -48% | -$1.94M |
2016 Q1
38 quarters
|
|
1569
DoubleVerify
DV
$2.11B
| $2.05M | ﹤0.01% |
171,453
+89,259
| +109% | +$1.32M |
2023 Q1
10 quarters
|
|
1570
Invesco Aerospace & Defense ETF
PPA
$7.41B
| $2.05M | ﹤0.01% |
13,207
+2,487
| +23% | +$366K |
2022 Q1
14 quarters
|
|
|
PRO
1571
DELISTED
PROS Holdings
PRO
| $2.05M | ﹤0.01% |
+89,524
| New | +$1.46M |
2025 Q3
0 quarters
|
|
1572
Thor Industries
THO
$3.56B
| $2.04M | ﹤0.01% |
19,711
-727
| -4% | -$73.2K |
2013 Q2
49 quarters
|
|
1573
Capri Holdings
CPRI
$1.65B
| $2.04M | ﹤0.01% |
102,558
+45,980
| +81% | +$922K |
2013 Q2
49 quarters
|
|
1574
Cullen/Frost Bankers
CFR
$9.54B
| $2.04M | ﹤0.01% |
16,106
-565
| -3% | -$73.4K |
2013 Q2
49 quarters
|
|
1575
Alcoa
AA
$11.1B
| $2.03M | ﹤0.01% |
61,652
-2,323
| -4% | -$72.2K |
2013 Q2
49 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.