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 | |
|---|---|---|---|---|---|---|---|
2201
Stagwell
STGW
$2.07B
| $497K | ﹤0.01% |
88,256
| – | – |
2020 Q3
20 quarters
|
|
2202
StoneX
SNEX
$7.89B
| $494K | ﹤0.01% |
11,009
-8,431
| -43% | -$358K |
2022 Q3
12 quarters
|
|
2203
PGIM Ultra Short Bond ETF
PULS
$19.3B
| $493K | ﹤0.01% |
9,884
+5,069
| +105% | +$252K |
2024 Q3
4 quarters
|
|
2204
Pacer US Cash Cows 100 ETF
COWZ
$18.9B
| $492K | ﹤0.01% |
8,559
+458
| +6% | +$26K |
2022 Q1
14 quarters
|
|
2205
Exponent
EXPO
$3.32B
| $488K | ﹤0.01% |
7,027
-1,651
| -19% | -$118K |
2013 Q2
49 quarters
|
|
2206
Insight Enterprises
NSIT
$4.73B
| $488K | ﹤0.01% |
4,303
-1,644
| -28% | -$214K |
2013 Q2
49 quarters
|
|
2207
Radian Group
RDN
$4.13B
| $488K | ﹤0.01% |
13,465
-11,987
| -47% | -$417K |
2022 Q4
11 quarters
|
|
|
GAU
2208
Galiano Gold
GAU
$510M
| $486K | ﹤0.01% |
223,279
-860,420
| -79% | -$1.61M |
2023 Q3
8 quarters
|
|
2209
VanEck IG Floating Rate ETF
FLTR
$3.32B
| $486K | ﹤0.01% |
19,000
-17
| -0.1% | -$434 |
2013 Q2
49 quarters
|
|
2210
Option Care Health
OPCH
$3.38B
| $484K | ﹤0.01% |
17,453
-2,363
| -12% | -$68.4K |
2020 Q2
21 quarters
|
|
2211
ZIM Integrated Shipping Services
ZIM
$3.59B
| $481K | ﹤0.01% |
35,496
-19,467
| -35% | -$296K |
2022 Q2
13 quarters
|
|
2212
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$10.2B
| $480K | ﹤0.01% |
13,272
+108
| +0.8% | +$3.72K |
2020 Q4
19 quarters
|
|
2213
iShares US Home Construction ETF
ITB
$2.36B
| $480K | ﹤0.01% |
4,472
-1,120
| -20% | -$118K |
2013 Q2
49 quarters
|
|
2214
CALL
Albemarle
ALB
$12.4B
| $478K | ﹤0.01% |
5,900
| – | – |
2025 Q1
2 quarters
|
|
2215
Alkermes
ALKS
$6.8B
| $476K | ﹤0.01% |
15,877
-12,979
| -45% | -$366K |
2022 Q1
14 quarters
|
|
2216
Moog Inc Class A
MOG.A
$12.4B
| $473K | ﹤0.01% |
2,278
-2,730
| -55% | -$527K |
2013 Q2
49 quarters
|
|
2217
Northern Trust Morningstar US Market Factor Tilt ETF
TILT
$2.18B
| $473K | ﹤0.01% |
1,952
| – | – |
2021 Q4
15 quarters
|
|
|
CSW
2218
CSW Industrials
CSW
$4.76B
| $473K | ﹤0.01% |
1,948
-1,042
| -35% | -$280K |
2024 Q3
4 quarters
|
|
2219
Zymeworks
ZYME
$1.86B
| $472K | ﹤0.01% |
27,642
| – | – |
2024 Q1
6 quarters
|
|
2220
Zurn Elkay Water Solutions
ZWS
$7.83B
| $471K | ﹤0.01% |
10,013
-12,514
| -56% | -$540K |
2024 Q3
4 quarters
|
|
|
ITRG
2221
Integra Resources
ITRG
$521M
| $469K | ﹤0.01% |
+160,943
| New | +$323K |
2025 Q3
0 quarters
|
|
2222
Privia Health
PRVA
$2.56B
| $468K | ﹤0.01% |
18,811
-9,883
| -34% | -$213K |
2023 Q2
9 quarters
|
|
2223
Matsons
MATX
$6.74B
| $468K | ﹤0.01% |
4,749
-3,049
| -39% | -$326K |
2013 Q2
49 quarters
|
|
|
BTC
2224
Grayscale Bitcoin Mini Trust ETF
BTC
$4.49B
| $468K | ﹤0.01% |
9,238
+4,807
| +108% | +$244K |
2025 Q2
1 quarter
|
|
2225
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$4.74B
| $467K | ﹤0.01% |
4,948
-1,161
| -19% | -$107K |
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.