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 | |
|---|---|---|---|---|---|---|---|
1651
Hanover Insurance
THG
$7.55B
| $1.72M | ﹤0.01% |
9,455
-664
| -7% | -$114K |
2013 Q2
49 quarters
|
|
1652
EastGroup Properties
EGP
$10.5B
| $1.72M | ﹤0.01% |
10,142
-342
| -3% | -$56.7K |
2013 Q2
49 quarters
|
|
1653
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$15.7B
| $1.71M | ﹤0.01% |
36,904
+6,343
| +21% | +$284K |
2021 Q2
17 quarters
|
|
1654
PUT
CSX Corp
CSX
$86.2B
| $1.7M | ﹤0.01% |
48,000
-2,000
| -4% | -$68.3K |
2025 Q2
1 quarter
|
|
1655
Grand Canyon Education
LOPE
$4.01B
| $1.7M | ﹤0.01% |
7,746
-987
| -11% | -$190K |
2013 Q2
49 quarters
|
|
1656
Structure Therapeutics
GPCR
$2.07B
| $1.7M | ﹤0.01% |
60,722
+2,649
| +5% | +$52.8K |
2024 Q2
5 quarters
|
|
1657
Tradeweb Markets
TW
$21.8B
| $1.69M | ﹤0.01% |
15,270
+879
| +6% | +$113K |
2019 Q2
25 quarters
|
|
|
WCC
1658
WESCO International
WCC
$18.1B
| $1.69M | ﹤0.01% |
7,991
-427
| -5% | -$89.7K |
2013 Q2
49 quarters
|
|
1659
Meritage Homes
MTH
$4.2B
| $1.68M | ﹤0.01% |
23,239
-7,326
| -24% | -$544K |
2017 Q2
33 quarters
|
|
|
RAL
1660
Ralliant Corp
RAL
$7.83B
| $1.68M | ﹤0.01% |
+38,430
| New | +$1.71M |
2025 Q3
0 quarters
|
|
1661
Schwab Fundamental US Large Company Index ETF
FNDX
$27.1B
| $1.68M | ﹤0.01% |
63,758
-1,281
| -2% | -$32.5K |
2020 Q4
19 quarters
|
|
1662
CALL
United Parcel Service
UPS
$79.9B
| $1.67M | ﹤0.01% |
20,000
| – | – |
2025 Q2
1 quarter
|
|
1663
NNN REIT
NNN
$7.72B
| $1.67M | ﹤0.01% |
39,196
-4,414
| -10% | -$187K |
2013 Q2
49 quarters
|
|
1664
Frontline
FRO
$11.5B
| $1.67M | ﹤0.01% |
73,084
-2,731
| -4% | -$55.3K |
2022 Q4
11 quarters
|
|
1665
iShares Emerging Markets Equity Factor ETF
EMGF
$1.94B
| $1.66M | ﹤0.01% |
+29,399
| New | +$1.59M |
2025 Q3
0 quarters
|
|
1666
Valmont Industries
VMI
$9.04B
| $1.66M | ﹤0.01% |
4,279
-423
| -9% | -$154K |
2013 Q2
49 quarters
|
|
1667
Opendoor
OPEN
$2.33B
| $1.66M | ﹤0.01% |
+215,097
| New | +$872K |
2025 Q3
0 quarters
|
|
1668
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.1B
| $1.65M | ﹤0.01% |
12,670
+1,004
| +9% | +$126K |
2016 Q4
35 quarters
|
|
1669
Crocs
CROX
$5.72B
| $1.64M | ﹤0.01% |
19,611
+9,968
| +103% | +$910K |
2017 Q2
33 quarters
|
|
1670
Chunghwa Telecom
CHT
$35.3B
| $1.64M | ﹤0.01% |
37,558
+1,728
| +5% | +$76.8K |
2013 Q2
49 quarters
|
|
1671
Medpace
MEDP
$16.7B
| $1.64M | ﹤0.01% |
3,184
-316
| -9% | -$138K |
2018 Q2
29 quarters
|
|
1672
PUT
Regeneron Pharmaceuticals
REGN
$75.7B
| $1.63M | ﹤0.01% |
2,900
| – | – |
2025 Q2
1 quarter
|
|
1673
Lincoln National
LNC
$7.61B
| $1.62M | ﹤0.01% |
40,290
-14,933
| -27% | -$578K |
2013 Q2
49 quarters
|
|
1674
PUT
NRG Energy
NRG
$20.4B
| $1.62M | ﹤0.01% |
10,000
| – | – |
2024 Q4
3 quarters
|
|
1675
Antero Resources
AR
$10.5B
| $1.61M | ﹤0.01% |
48,001
-17,231
| -26% | -$574K |
2022 Q1
14 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.