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 |
EMA
Emera Inc
EMA
|
+$742M |
| 2 |
Canadian Natural Resources
CNQ
|
+$507M |
| 3 |
Amazon
AMZN
|
+$445M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$418M |
| 5 |
Strategy Inc
MSTR
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$2.72B |
| 2 |
NVIDIA
NVDA
|
+$1.19B |
| 3 |
Toronto Dominion Bank
TD
|
+$1.03B |
| 4 |
Canadian Imperial Bank of Commerce
CM
|
+$886M |
| 5 |
Mastercard
MA
|
+$775M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.07% |
| 2 | Technology | 20.31% |
| 3 | Miscellaneous | 17.95% |
| 4 | Communication Services | 8.37% |
| 5 | Industrials | 6.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1976
AppFolio
APPF
$7.23B
| $739K | ﹤0.01% |
3,210
-425
| -12% | -$92.6K |
2023 Q4
6 quarters
|
|
1977
Vanguard S&P 500 Growth ETF
VOOG
$27.6B
| $739K | ﹤0.01% |
11,178
+426
| +4% | +$25.3K |
2020 Q2
20 quarters
|
|
1978
FNB Corp
FNB
$6.14B
| $738K | ﹤0.01% |
50,650
-3,542
| -7% | -$47.9K |
2013 Q2
48 quarters
|
|
1979
C3.ai
AI
$1.79B
| $738K | ﹤0.01% |
30,031
+2,244
| +8% | +$51.3K |
2022 Q4
10 quarters
|
|
|
TPC
1980
Tutor Perini Cor
TPC
$4.38B
| $736K | ﹤0.01% |
15,743
-200
| -1% | -$6.37K |
2024 Q1
5 quarters
|
|
1981
Vanguard US Value Factor ETF
VFVA
$900M
| $734K | ﹤0.01% |
6,202
| – | – |
2024 Q3
3 quarters
|
|
|
MTAL
1982
DELISTED
Metals Acquisition
MTAL
| $733K | ﹤0.01% |
60,652
-2,989
| -5% | -$30.9K |
2024 Q3
3 quarters
|
|
1983
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.8B
| $728K | ﹤0.01% |
8,386
-2,637
| -24% | -$216K |
2023 Q2
8 quarters
|
|
1984
United Natural Foods
UNFI
$2.7B
| $728K | ﹤0.01% |
31,216
-1,784
| -5% | -$46.5K |
2013 Q2
48 quarters
|
|
1985
Verra Mobility
VRRM
$454M
| $725K | ﹤0.01% |
28,559
-289
| -1% | -$6.73K |
2023 Q1
9 quarters
|
|
1986
Century Aluminum
CENX
$3.56B
| $724K | ﹤0.01% |
40,159
-131,930
| -77% | -$2.24M |
2013 Q2
48 quarters
|
|
1987
Fidelity Total Bond ETF
FBND
$27.9B
| $721K | ﹤0.01% |
15,762
+2,455
| +18% | +$111K |
2019 Q2
24 quarters
|
|
1988
Acadia Pharmaceuticals
ACAD
$3.43B
| $721K | ﹤0.01% |
33,421
+1,248
| +4% | +$23.2K |
2024 Q4
2 quarters
|
|
|
SCHV
1989
Schwab US Large-Cap Value ETF
SCHV
$15.1B
| $719K | ﹤0.01% |
25,973
-630
| -2% | -$16.6K |
2013 Q2
48 quarters
|
|
|
HIMX
1990
Himax Technologies
HIMX
$2.52B
| $718K | ﹤0.01% |
80,400
+8,050
| +11% | +$63.3K |
2025 Q1
1 quarter
|
|
1991
Pitney Bowes
PBI
$2.28B
| $717K | ﹤0.01% |
65,759
+62
| +0.1% | +$583 |
2013 Q2
48 quarters
|
|
1992
Huazhu Hotels Group
HTHT
$13.3B
| $717K | ﹤0.01% |
21,145
+299
| +1% | +$10.5K |
2023 Q3
7 quarters
|
|
1993
Capital Group Dividend Value ETF
CGDV
$38.2B
| $717K | ﹤0.01% |
18,147
| – | – |
2024 Q1
5 quarters
|
|
1994
Zoom
ZM
$27.4B
| $715K | ﹤0.01% |
9,170
+698
| +8% | +$54K |
2019 Q2
24 quarters
|
|
1995
Inspire Medical Systems
INSP
$2.05B
| $715K | ﹤0.01% |
5,507
-34
| -0.6% | -$4.93K |
2024 Q3
3 quarters
|
|
1996
RLI Corp
RLI
$5.16B
| $711K | ﹤0.01% |
9,839
-1,033
| -10% | -$77.4K |
2013 Q2
48 quarters
|
|
1997
Cabot Corp
CBT
$3.94B
| $710K | ﹤0.01% |
9,468
-955
| -9% | -$73.1K |
2013 Q2
48 quarters
|
|
|
ISPO
1998
DELISTED
Inspirato
ISPO
| $710K | ﹤0.01% |
+207,544
| New | +$762K |
2025 Q2
0 quarters
|
|
1999
Vanguard Industrials ETF
VIS
$7.71B
| $710K | ﹤0.01% |
2,534
+744
| +42% | +$192K |
2013 Q3
47 quarters
|
|
2000
Atlantic Union Bankshares
AUB
$5.49B
| $707K | ﹤0.01% |
22,606
+2,194
| +11% | +$63.3K |
2023 Q1
9 quarters
|
|
Similar funds
Bank of Montreal's Q2 2025 Portfolio in Review
As of Q2 2025, Bank of Montreal held 3,808 positions worth $213B, up 3.6% from $206B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Bank of Montreal withdrew a net $12.5B in Q2 2025, closing 312 positions and reducing 1,471 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $594M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 23% a quarter earlier, followed by Technology and Miscellaneous.
Against the trend, Bank of Montreal opened a new position in Emera Inc worth $758M.
- Bank of Montreal's largest Q2 2025 buy was Emera Inc: 16,537,422 shares worth $758M.
- Bank of Montreal added most to Canadian Natural Resources in Q2 2025, an estimated $507M increase.
- Bank of Montreal's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $2.72B.
- Bank of Montreal fully exited Invesco QQQ Trust in Q2 2025, selling an estimated $594M.
- Bank of Montreal's ten largest holdings make up 27% of its $213B portfolio in Q2 2025.
- Bank of Montreal opened 341 new positions and closed 312 in Q2 2025.
- Bank of Montreal's portfolio value rose 3.6% quarter-over-quarter to $213B.
Based on Bank of Montreal's 13F filing for Q2 2025, filed 5 Aug 2025.