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 | |
|---|---|---|---|---|---|---|---|
2126
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.9B
| $577K | ﹤0.01% |
23,726
-1,221
| -5% | -$29.6K |
2023 Q2
9 quarters
|
|
2127
Blue Owl Capital
OWL
$6.12B
| $574K | ﹤0.01% |
33,934
+20,452
| +152% | +$389K |
2024 Q4
3 quarters
|
|
2128
Ameris Bancorp
ABCB
$5.38B
| $574K | ﹤0.01% |
7,832
-6,928
| -47% | -$488K |
2013 Q2
49 quarters
|
|
2129
Terreno Realty
TRNO
$6.97B
| $574K | ﹤0.01% |
10,114
-11,314
| -53% | -$642K |
2015 Q4
39 quarters
|
|
2130
Axalta
AXTA
$6.82B
| $573K | ﹤0.01% |
20,035
-21,535
| -52% | -$648K |
2016 Q1
38 quarters
|
|
2131
AXIS Capital
AXS
$6.97B
| $573K | ﹤0.01% |
5,984
+388
| +7% | +$37.6K |
2022 Q1
14 quarters
|
|
|
PML
2132
PIMCO Municipal Income Fund II
PML
$431M
| $571K | ﹤0.01% |
72,157
+44,037
| +157% | +$324K |
2022 Q4
11 quarters
|
|
2133
Etsy
ETSY
$6.69B
| $570K | ﹤0.01% |
8,586
-329,319
| -97% | -$19.7M |
2016 Q2
37 quarters
|
|
2134
Energy Recovery
ERII
$342M
| $567K | ﹤0.01% |
+36,792
| New | +$519K |
2025 Q3
0 quarters
|
|
2135
iShares Russell Top 200 Growth ETF
IWY
$16.2B
| $567K | ﹤0.01% |
2,073
+153
| +8% | +$39.6K |
2015 Q4
39 quarters
|
|
2136
Cirrus Logic
CRUS
$6.02B
| $565K | ﹤0.01% |
4,510
-960
| -18% | -$107K |
2013 Q2
49 quarters
|
|
|
KEEL
2137
Keel Infrastructure Corp
KEEL
$2.12B
| $564K | ﹤0.01% |
199,699
+177,024
| +781% | +$275K |
2021 Q2
17 quarters
|
|
2138
iShares MSCI Japan Value ETF
EWJV
$783M
| $563K | ﹤0.01% |
14,417
-3,100
| -18% | -$115K |
2023 Q3
8 quarters
|
|
2139
Advance Auto Parts
AAP
$2.34B
| $560K | ﹤0.01% |
9,114
-13,378
| -59% | -$791K |
2013 Q2
49 quarters
|
|
2140
Bruker
BRKR
$9.44B
| $559K | ﹤0.01% |
20,733
-529
| -2% | -$18.9K |
2013 Q2
49 quarters
|
|
2141
Cushman & Wakefield Ltd
CWK
$2.83B
| $559K | ﹤0.01% |
35,105
-26,025
| -43% | -$367K |
2018 Q3
28 quarters
|
|
2142
iShares ESG Aware MSCI EAFE ETF
ESGD
$11.7B
| $558K | ﹤0.01% |
6,004
+693
| +13% | +$62.7K |
2020 Q4
19 quarters
|
|
2143
Royce Value Trust
RVT
$2.12B
| $557K | ﹤0.01% |
34,560
| – | – |
2013 Q2
49 quarters
|
|
2144
iShares Core Universal USD Bond ETF
IUSB
$47.2B
| $557K | ﹤0.01% |
11,929
+467
| +4% | +$21.6K |
2023 Q3
8 quarters
|
|
2145
Centrus Energy
LEU
$2.85B
| $554K | ﹤0.01% |
1,788
-5,153
| -74% | -$1.14M |
2025 Q2
1 quarter
|
|
2146
Bank of America Series L
BAC.PRL
$3.67B
| $552K | ﹤0.01% |
431
| – | – |
2023 Q1
10 quarters
|
|
2147
Parsons
PSN
$4.38B
| $551K | ﹤0.01% |
6,643
-14,623
| -69% | -$1.13M |
2024 Q2
5 quarters
|
|
2148
M/I Homes
MHO
$3.42B
| $547K | ﹤0.01% |
3,790
-2,505
| -40% | -$339K |
2023 Q1
10 quarters
|
|
2149
Artisan Partners
APAM
$2.57B
| $547K | ﹤0.01% |
12,600
-6,527
| -34% | -$301K |
2023 Q2
9 quarters
|
|
2150
Amalgamated Financial
AMAL
$1.43B
| $547K | ﹤0.01% |
20,133
| – | – |
2024 Q2
5 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.