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 | |
|---|---|---|---|---|---|---|---|
1976
Stepan Co
SCL
$1.4B
| $811K | ﹤0.01% |
16,993
-1,892
| -10% | -$98.2K |
2013 Q2
49 quarters
|
|
1977
Pegasystems
PEGA
$5.66B
| $809K | ﹤0.01% |
14,065
-598
| -4% | -$33K |
2024 Q1
6 quarters
|
|
1978
Blackstone Mortgage Trust
BXMT
$1.9B
| $808K | ﹤0.01% |
43,869
-13,940
| -24% | -$269K |
2015 Q1
42 quarters
|
|
1979
Lattice Semiconductor
LSCC
$18.3B
| $807K | ﹤0.01% |
11,011
-1,672
| -13% | -$102K |
2015 Q4
39 quarters
|
|
1980
CALL
Simon Property Group
SPG
$65B
| $807K | ﹤0.01% |
+4,300
| New | +$742K |
2025 Q3
0 quarters
|
|
1981
CALL
NexGen Energy
NXE
$5.95B
| $806K | ﹤0.01% |
+90,000
| New | +$664K |
2025 Q3
0 quarters
|
|
1982
The Greenbrier Companies
GBX
$1.24B
| $806K | ﹤0.01% |
17,447
-499
| -3% | -$23.8K |
2024 Q1
6 quarters
|
|
1983
State Street SPDR S&P Global Infrastructure ETF
GII
$899M
| $805K | ﹤0.01% |
11,566
-1,989
| -15% | -$136K |
2021 Q2
17 quarters
|
|
1984
Invesco FTSE RAFI US 1000 ETF
PRF
$9.8B
| $803K | ﹤0.01% |
17,756
+10
| +0.1% | +$437 |
2013 Q2
49 quarters
|
|
|
SLN
1985
Silence Therapeutics
SLN
$666M
| $798K | ﹤0.01% |
153,782
+7,970
| +5% | +$44.3K |
2024 Q3
4 quarters
|
|
1986
PUT
Opendoor
OPEN
$2.33B
| $798K | ﹤0.01% |
+103,437
| New | +$420K |
2025 Q3
0 quarters
|
|
1987
Belden
BDC
$4.23B
| $797K | ﹤0.01% |
6,630
-459
| -6% | -$57.8K |
2013 Q2
49 quarters
|
|
1988
908 Devices
MASS
$517M
| $796K | ﹤0.01% |
90,852
-107
| -0.1% | -$711 |
2024 Q4
3 quarters
|
|
|
EXK
1989
PUT
Endeavour Silver
EXK
$2.53B
| $796K | ﹤0.01% |
+101,600
| New | +$600K |
2025 Q3
0 quarters
|
|
|
IAUX
1990
i-80 Gold Corp
IAUX
$1.4B
| $795K | ﹤0.01% |
832,050
+166,237
| +25% | +$121K |
2022 Q2
13 quarters
|
|
1991
WhiteHorse Finance
WHF
$147M
| $795K | ﹤0.01% |
+114,842
| New | +$984K |
2025 Q3
0 quarters
|
|
1992
iShares 10-20 Year Treasury Bond ETF
TLH
$10.4B
| $789K | ﹤0.01% |
7,658
-125
| -2% | -$12.6K |
2013 Q4
47 quarters
|
|
1993
F/M 10-Year Investment Grade Corporate Bond ETF
ZTEN
$28.5M
| $786K | ﹤0.01% |
+15,252
| New | +$775K |
2025 Q3
0 quarters
|
|
1994
CALL
United States Natural Gas Fund
UNG
$515M
| $784K | ﹤0.01% |
+60,000
| New | +$804K |
2025 Q3
0 quarters
|
|
|
SPNS
1995
DELISTED
Sapiens International
SPNS
| $783K | ﹤0.01% |
18,213
+24
| +0.1% | +$873 |
2022 Q3
12 quarters
|
|
1996
STMicroelectronics
STM
$47.7B
| $781K | ﹤0.01% |
27,635
-122,535
| -82% | -$3.43M |
2022 Q4
11 quarters
|
|
1997
Fortune Brands Innovations
FBIN
$4.6B
| $777K | ﹤0.01% |
14,549
-1,736
| -11% | -$97.9K |
2013 Q2
49 quarters
|
|
1998
Old National Bancorp
ONB
$9.56B
| $776K | ﹤0.01% |
35,355
-3,806
| -10% | -$84.2K |
2013 Q2
49 quarters
|
|
1999
Watts Water Technologies
WTS
$12B
| $776K | ﹤0.01% |
2,778
-599
| -18% | -$161K |
2013 Q2
49 quarters
|
|
2000
Kaiser Aluminum
KALU
$2.43B
| $773K | ﹤0.01% |
10,017
-1,714
| -15% | -$136K |
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.