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 | |
|---|---|---|---|---|---|---|---|
2126
UFP Industries
UFPI
$4.25B
| $566K | ﹤0.01% |
5,701
-760
| -12% | -$76.7K |
2013 Q2
48 quarters
|
|
|
PRSU
2127
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $565K | ﹤0.01% |
19,604
+2,218
| +13% | +$65.4K |
2025 Q1
1 quarter
|
|
2128
NewMarket
NEU
$8.47B
| $565K | ﹤0.01% |
818
-94
| -10% | -$58.3K |
2021 Q3
15 quarters
|
|
2129
Invesco CurrencyShares Euro Currency Trust
FXE
$363M
| $565K | ﹤0.01% |
+5,194
| New | +$543K |
2025 Q2
0 quarters
|
|
2130
Graham Holdings Company
GHC
$4.88B
| $565K | ﹤0.01% |
597
-56
| -9% | -$52.8K |
2013 Q2
48 quarters
|
|
2131
Boyd Gaming
BYD
$4.8B
| $564K | ﹤0.01% |
7,213
-1,461
| -17% | -$104K |
2013 Q2
48 quarters
|
|
2132
HEICO Corp
HEI
$42.8B
| $563K | ﹤0.01% |
1,717
-63
| -4% | -$17.4K |
2015 Q1
41 quarters
|
|
2133
EnerSys
ENS
$6.84B
| $561K | ﹤0.01% |
6,539
-452
| -6% | -$39.4K |
2015 Q4
38 quarters
|
|
2134
Invesco CurrencyShares British Pound Sterling Trust
FXB
$82.4M
| $560K | ﹤0.01% |
+4,236
| New | +$544K |
2025 Q2
0 quarters
|
|
2135
Goosehead Insurance
GSHD
$1.12B
| $559K | ﹤0.01% |
5,299
+116
| +2% | +$12.3K |
2019 Q2
24 quarters
|
|
2136
Dorman Products
DORM
$3.65B
| $559K | ﹤0.01% |
4,556
+104
| +2% | +$12.6K |
2013 Q2
48 quarters
|
|
2137
Powell Industries
POWL
$6.94B
| $558K | ﹤0.01% |
7,950
-1,392
| -15% | -$84K |
2024 Q3
3 quarters
|
|
2138
PUT
State Street Technology Select Sector SPDR ETF
XLK
$129B
| $557K | ﹤0.01% |
4,400
-46,000
| -91% | -$5.1M |
2023 Q3
7 quarters
|
|
2139
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.28B
| $557K | ﹤0.01% |
22,121
+9,763
| +79% | +$243K |
2025 Q1
1 quarter
|
|
2140
Viper Energy
VNOM
$7.91B
| $554K | ﹤0.01% |
14,531
-1,507
| -9% | -$61K |
2023 Q2
8 quarters
|
|
2141
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.63B
| $554K | ﹤0.01% |
20,610
-1,622
| -7% | -$42K |
2023 Q3
7 quarters
|
|
2142
Enerpac Tool Group
EPAC
$1.79B
| $553K | ﹤0.01% |
13,623
+42
| +0.3% | +$1.77K |
2013 Q2
48 quarters
|
|
2143
Dimensional US Core Equity 2 ETF
DFAC
$48.6B
| $552K | ﹤0.01% |
15,411
-15,228
| -50% | -$508K |
2024 Q3
3 quarters
|
|
2144
Signet Jewelers
SIG
$3.99B
| $550K | ﹤0.01% |
6,910
+31
| +0.5% | +$2.06K |
2013 Q2
48 quarters
|
|
2145
First Financial Bankshares
FFIN
$4.55B
| $548K | ﹤0.01% |
15,241
-2,769
| -15% | -$95.9K |
2013 Q2
48 quarters
|
|
2146
VanEck Morningstar Wide Moat ETF
MOAT
$11.3B
| $544K | ﹤0.01% |
5,804
-201
| -3% | -$17.6K |
2020 Q4
18 quarters
|
|
2147
SolarEdge
SEDG
$1.9B
| $543K | ﹤0.01% |
26,637
+2,468
| +10% | +$40.8K |
2017 Q4
30 quarters
|
|
2148
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$4.74B
| $542K | ﹤0.01% |
6,109
-4,411
| -42% | -$369K |
2021 Q2
16 quarters
|
|
2149
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.87B
| $542K | ﹤0.01% |
5,464
+679
| +14% | +$67.4K |
2025 Q1
1 quarter
|
|
2150
Interface
TILE
$1.99B
| $541K | ﹤0.01% |
25,870
+1,527
| +6% | +$30.3K |
2023 Q2
8 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.