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 | |
|---|---|---|---|---|---|---|---|
2151
Qualys
QLYS
$6.48B
| $546K | ﹤0.01% |
4,125
-1,223
| -23% | -$166K |
2015 Q4
39 quarters
|
|
2152
Dimensional US Core Equity 2 ETF
DFAC
$48.6B
| $544K | ﹤0.01% |
14,108
-1,303
| -8% | -$48.6K |
2024 Q3
4 quarters
|
|
2153
iShares US Infrastructure ETF
IFRA
$3.99B
| $541K | ﹤0.01% |
10,249
| – | – |
2020 Q3
20 quarters
|
|
2154
CALL
NuScale Power
SMR
$3.2B
| $540K | ﹤0.01% |
15,000
-46,200
| -75% | -$1.84M |
2024 Q4
3 quarters
|
|
2155
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$43.5B
| $539K | ﹤0.01% |
9,369
-330
| -3% | -$18.3K |
2022 Q3
12 quarters
|
|
2156
AAR Corp
AIR
$4.02B
| $537K | ﹤0.01% |
5,994
-2,813
| -32% | -$214K |
2013 Q2
49 quarters
|
|
2157
Independence Realty Trust
IRT
$3.42B
| $537K | ﹤0.01% |
32,741
-3,637
| -10% | -$63K |
2016 Q3
36 quarters
|
|
2158
Invesco Water Resources ETF
PHO
$1.89B
| $536K | ﹤0.01% |
7,439
+532
| +8% | +$38.1K |
2013 Q2
49 quarters
|
|
2159
AN2 Therapeutics
ANTX
$212M
| $536K | ﹤0.01% |
422,077
| – | – |
2024 Q4
3 quarters
|
|
2160
iShares Morningstar Mid-Cap Growth ETF
IMCG
$4.04B
| $536K | ﹤0.01% |
6,475
+469
| +8% | +$38.2K |
2021 Q2
17 quarters
|
|
2161
Arcosa
ACA
$7.19B
| $535K | ﹤0.01% |
5,713
-4,387
| -43% | -$408K |
2019 Q1
26 quarters
|
|
2162
Simplify Volatility Premium ETF
SVOL
$513M
| $535K | ﹤0.01% |
29,701
+5,246
| +21% | +$92.3K |
2025 Q1
2 quarters
|
|
2163
American Eagle Outfitters
AEO
$3.01B
| $533K | ﹤0.01% |
31,174
-5,513
| -15% | -$75.4K |
2013 Q2
49 quarters
|
|
2164
Array Technologies
ARRY
$599M
| $533K | ﹤0.01% |
65,422
+2,750
| +4% | +$20.8K |
2020 Q4
19 quarters
|
|
2165
Sweetgreen
SG
$1.03B
| $533K | ﹤0.01% |
+66,797
| New | +$726K |
2025 Q3
0 quarters
|
|
2166
Polaris
PII
$2.98B
| $532K | ﹤0.01% |
9,149
-7,680
| -46% | -$414K |
2013 Q2
49 quarters
|
|
2167
Essent Group
ESNT
$5.29B
| $530K | ﹤0.01% |
8,341
-1,501
| -15% | -$91.2K |
2017 Q4
31 quarters
|
|
|
2168
PUT
Sweetgreen
SG
$1.03B
| $530K | ﹤0.01% |
+66,400
| New | +$722K |
2025 Q3
0 quarters
|
|
|
DFSI
2169
Dimensional International Sustainability Core 1 ETF
DFSI
$1.15B
| $529K | ﹤0.01% |
12,924
+8,784
| +212% | +$352K |
2025 Q1
2 quarters
|
|
2170
Horace Mann Educators
HMN
$1.82B
| $527K | ﹤0.01% |
11,663
-3,339
| -22% | -$147K |
2013 Q2
49 quarters
|
|
2171
Envista
NVST
$3.72B
| $526K | ﹤0.01% |
25,806
-3,354
| -12% | -$68.9K |
2019 Q4
23 quarters
|
|
2172
Terex
TEX
$6.28B
| $524K | ﹤0.01% |
10,216
-313
| -3% | -$15.9K |
2013 Q2
49 quarters
|
|
2173
Glaukos
GKOS
$9.62B
| $524K | ﹤0.01% |
6,424
-4,793
| -43% | -$440K |
2017 Q1
34 quarters
|
|
|
TGNA
2174
DELISTED
TEGNA Inc
TGNA
| $523K | ﹤0.01% |
25,734
-13,924
| -35% | -$265K |
2013 Q2
49 quarters
|
|
2175
Powell Industries
POWL
$6.94B
| $522K | ﹤0.01% |
5,139
-2,811
| -35% | -$238K |
2024 Q3
4 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.