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 | |
|---|---|---|---|---|---|---|---|
2051
Macerich
MAC
$6.39B
| $681K | ﹤0.01% |
37,436
-21,689
| -37% | -$376K |
2013 Q2
49 quarters
|
|
|
JHG
2052
DELISTED
Janus Henderson
JHG
| $681K | ﹤0.01% |
15,304
-1,585
| -9% | -$68.5K |
2017 Q2
33 quarters
|
|
|
MTAL
2053
DELISTED
Metals Acquisition
MTAL
| $680K | ﹤0.01% |
55,710
-4,942
| -8% | -$59.9K |
2024 Q3
4 quarters
|
|
2054
Algoma Steel
ASTL
$434M
| $677K | ﹤0.01% |
190,117
+102,460
| +117% | +$544K |
2021 Q4
15 quarters
|
|
2055
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.82B
| $677K | ﹤0.01% |
15,810
| – | – |
2023 Q4
7 quarters
|
|
2056
Hecla Mining
HL
$11.4B
| $676K | ﹤0.01% |
55,881
+43,086
| +337% | +$346K |
2022 Q4
11 quarters
|
|
|
CWAN
2057
DELISTED
Clearwater Analytics
CWAN
| $672K | ﹤0.01% |
+37,269
| New | +$756K |
2025 Q3
0 quarters
|
|
2058
PUT
Rocket Companies
RKT
$33.9B
| $671K | ﹤0.01% |
34,600
| – | – |
2025 Q1
2 quarters
|
|
2059
iShares Broad USD High Yield Corporate Bond ETF
USHY
$26.6B
| $669K | ﹤0.01% |
17,706
-2,420
| -12% | -$90.7K |
2021 Q4
15 quarters
|
|
2060
Graham Holdings Company
GHC
$4.88B
| $666K | ﹤0.01% |
566
-31
| -5% | -$32.1K |
2013 Q2
49 quarters
|
|
2061
Zoom
ZM
$27.4B
| $664K | ﹤0.01% |
8,045
-1,125
| -12% | -$87.8K |
2019 Q2
25 quarters
|
|
2062
State Street SPDR Dow Jones International Real Estate ETF
RWX
$241M
| $663K | ﹤0.01% |
23,848
+6,153
| +35% | +$169K |
2013 Q2
49 quarters
|
|
2063
Global X Copper Miners ETF NEW
COPX
$7.14B
| $663K | ﹤0.01% |
11,084
-90
| -0.8% | -$4.35K |
2021 Q2
17 quarters
|
|
2064
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11B
| $662K | ﹤0.01% |
21,842
+2,195
| +11% | +$66.2K |
2021 Q2
17 quarters
|
|
2065
ENI
E
$78B
| $660K | ﹤0.01% |
18,890
+2,878
| +18% | +$99.3K |
2013 Q2
49 quarters
|
|
2066
Cabot Corp
CBT
$3.94B
| $660K | ﹤0.01% |
8,675
-793
| -8% | -$61.9K |
2013 Q2
49 quarters
|
|
2067
National Healthcare
NHC
$3.5B
| $657K | ﹤0.01% |
5,408
-1,132
| -17% | -$122K |
2023 Q4
7 quarters
|
|
2068
Calix
CALX
$2.2B
| $657K | ﹤0.01% |
10,698
-2,531
| -19% | -$146K |
2024 Q2
5 quarters
|
|
|
MPT
2069
Medical Properties Trust
MPT
$2.01B
| $655K | ﹤0.01% |
129,198
-59,796
| -32% | -$263K |
2013 Q2
49 quarters
|
|
2070
iShares Floating Rate Bond ETF
FLOT
$11B
| $655K | ﹤0.01% |
12,820
-4,706
| -27% | -$240K |
2013 Q2
49 quarters
|
|
2071
Kforce
KFRC
$968M
| $653K | ﹤0.01% |
21,790
-186
| -0.8% | -$6.59K |
2022 Q4
11 quarters
|
|
2072
ProShares Ultra Financials
UYG
$706M
| $653K | ﹤0.01% |
6,579
+5,450
| +483% | +$527K |
2021 Q2
17 quarters
|
|
2073
Vanguard S&P 500 Growth ETF
VOOG
$27.6B
| $652K | ﹤0.01% |
8,988
-2,190
| -20% | -$151K |
2020 Q2
21 quarters
|
|
2074
WesBanco
WSBC
$3.61B
| $651K | ﹤0.01% |
20,397
-156
| -0.8% | -$4.97K |
2015 Q3
40 quarters
|
|
|
HUT
2075
Hut 8
HUT
$10.6B
| $651K | ﹤0.01% |
18,689
-117
| -0.6% | -$2.97K |
2021 Q2
17 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.