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 | |
|---|---|---|---|---|---|---|---|
1926
Cal-Maine
CALM
$3.08B
| $890K | ﹤0.01% |
9,453
-10,886
| -54% | -$1.16M |
2017 Q2
33 quarters
|
|
1927
PUT
Pan American Silver
PAAS
$18.6B
| $887K | ﹤0.01% |
+22,900
| New | +$736K |
2025 Q3
0 quarters
|
|
1928
Fidelity Enhanced International ETF
FENI
$11.2B
| $886K | ﹤0.01% |
25,118
+16,700
| +198% | +$569K |
2025 Q1
2 quarters
|
|
1929
UMB Financial
UMBF
$9.87B
| $884K | ﹤0.01% |
7,466
-969
| -11% | -$112K |
2013 Q2
49 quarters
|
|
|
TXNM
1930
TXNM Energy Inc
TXNM
$6.45B
| $881K | ﹤0.01% |
15,585
-1,976
| -11% | -$112K |
2013 Q2
49 quarters
|
|
1931
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34.6B
| $876K | ﹤0.01% |
10,885
-495
| -4% | -$38K |
2020 Q3
20 quarters
|
|
1932
Century Aluminum
CENX
$3.56B
| $876K | ﹤0.01% |
29,822
-10,337
| -26% | -$234K |
2013 Q2
49 quarters
|
|
1933
VanEck Pharmaceutical ETF
PPH
$994M
| $875K | ﹤0.01% |
9,686
-1,712
| -15% | -$150K |
2013 Q2
49 quarters
|
|
|
SPPP
1934
Sprott Physical Platinum and Palladium Trust
SPPP
$545M
| $874K | ﹤0.01% |
64,624
+24,820
| +62% | +$307K |
2025 Q2
1 quarter
|
|
1935
Invesco S&P 500 Quality ETF
SPHQ
$18.8B
| $873K | ﹤0.01% |
11,915
+2,409
| +25% | +$174K |
2018 Q2
29 quarters
|
|
1936
Northwest Natural Holdings
NWN
$1.96B
| $872K | ﹤0.01% |
19,412
-3,960
| -17% | -$164K |
2019 Q1
26 quarters
|
|
1937
Leonardo DRS
DRS
$9.81B
| $872K | ﹤0.01% |
19,204
-136
| -0.7% | -$5.93K |
2022 Q4
11 quarters
|
|
1938
Garrett Motion
GTX
$4.9B
| $870K | ﹤0.01% |
63,849
+5,828
| +10% | +$73.8K |
2021 Q4
15 quarters
|
|
1939
CNO Financial Group
CNO
$4.91B
| $869K | ﹤0.01% |
21,981
-1,396
| -6% | -$53.3K |
2013 Q2
49 quarters
|
|
1940
ALX Oncology
ALXO
$180M
| $869K | ﹤0.01% |
474,781
-193,966
| -29% | -$168K |
2024 Q4
3 quarters
|
|
1941
McEwen Inc
MUX
$1.08B
| $868K | ﹤0.01% |
50,754
+7,385
| +17% | +$88.4K |
2013 Q2
49 quarters
|
|
1942
PUT
Gray Television
GTN
$464M
| $867K | ﹤0.01% |
+150,000
| New | +$814K |
2025 Q3
0 quarters
|
|
1943
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.1B
| $867K | ﹤0.01% |
9,103
+5,307
| +140% | +$497K |
2013 Q2
49 quarters
|
|
1944
Unity
U
$19.2B
| $866K | ﹤0.01% |
21,636
-11,432
| -35% | -$424K |
2020 Q3
20 quarters
|
|
1945
Commercial Metals
CMC
$6.94B
| $866K | ﹤0.01% |
15,123
+713
| +5% | +$39.4K |
2013 Q2
49 quarters
|
|
1946
Mueller Water Products
MWA
$3.36B
| $863K | ﹤0.01% |
33,813
-10,232
| -23% | -$261K |
2024 Q2
5 quarters
|
|
1947
SPS Commerce
SPSC
$3.03B
| $860K | ﹤0.01% |
8,262
-16,141
| -66% | -$1.92M |
2013 Q2
49 quarters
|
|
1948
Fidelity Total Bond ETF
FBND
$27.9B
| $859K | ﹤0.01% |
18,585
+2,823
| +18% | +$130K |
2019 Q2
25 quarters
|
|
1949
COPT Defense Properties
CDP
$3.77B
| $858K | ﹤0.01% |
29,532
-810
| -3% | -$23.3K |
2013 Q2
49 quarters
|
|
1950
Sprott Nickel Miners ETF
NIKL
$51.6M
| $858K | ﹤0.01% |
57,868
-280
| -0.5% | -$3.56K |
2025 Q2
1 quarter
|
|
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.