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 | |
|---|---|---|---|---|---|---|---|
2301
Invesco Municipal Trust
VKQ
$470M
| $405K | ﹤0.01% |
41,997
+811
| +2% | +$7.49K |
2023 Q4
7 quarters
|
|
2302
Primoris Services
PRIM
$4.1B
| $404K | ﹤0.01% |
2,945
-49
| -2% | -$5.26K |
2024 Q2
5 quarters
|
|
2303
National Vision
EYE
$1.3B
| $404K | ﹤0.01% |
13,831
-19,839
| -59% | -$487K |
2025 Q1
2 quarters
|
|
2304
Invesco CurrencyShares Swiss Franc Trust
FXF
$381M
| $402K | ﹤0.01% |
3,610
| – | – |
2025 Q1
2 quarters
|
|
2305
Vanguard US Minimum Volatility ETF
VFMV
$447M
| $401K | ﹤0.01% |
3,051
| – | – |
2024 Q3
4 quarters
|
|
2306
Phillips Edison & Co
PECO
$4.82B
| $400K | ﹤0.01% |
11,655
-11,356
| -49% | -$393K |
2023 Q1
10 quarters
|
|
|
BSJP
2307
DELISTED
Invesco BulletShares 2025 High Yield Corporate Bond ETF
BSJP
| $399K | ﹤0.01% |
+17,301
| New | +$399K |
2025 Q3
0 quarters
|
|
2308
LiveRamp
RAMP
$2.29B
| $398K | ﹤0.01% |
14,680
-5,637
| -28% | -$166K |
2013 Q2
49 quarters
|
|
|
CSGS
2309
DELISTED
CSG Systems International
CSGS
| $398K | ﹤0.01% |
6,180
-1,724
| -22% | -$110K |
2013 Q2
49 quarters
|
|
2310
BancFirst
BANF
$3.58B
| $395K | ﹤0.01% |
3,126
-1,800
| -37% | -$232K |
2020 Q2
21 quarters
|
|
2311
Nuveen Municipal Credit Income Fund
NZF
$2.14B
| $395K | ﹤0.01% |
31,437
+347
| +1% | +$4.16K |
2022 Q1
14 quarters
|
|
2312
U-Haul Holding Co Series N
UHAL.B
$10.5B
| $393K | ﹤0.01% |
7,727
+410
| +6% | +$21.8K |
2022 Q4
11 quarters
|
|
2313
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$10.9B
| $393K | ﹤0.01% |
11,602
+2,156
| +23% | +$72.5K |
2020 Q4
19 quarters
|
|
2314
LGI Homes
LGIH
$1.11B
| $392K | ﹤0.01% |
7,579
-1,764
| -19% | -$103K |
2022 Q4
11 quarters
|
|
2315
Invesco S&P 500 Momentum ETF
SPMO
$23.4B
| $391K | ﹤0.01% |
3,228
+363
| +13% | +$42.3K |
2025 Q1
2 quarters
|
|
2316
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.3B
| $391K | ﹤0.01% |
3,962
+22
| +0.6% | +$2.15K |
2013 Q2
49 quarters
|
|
|
AAMI
2317
Acadian Asset Management
AAMI
$3.34B
| $391K | ﹤0.01% |
8,111
+1,287
| +19% | +$57.4K |
2025 Q2
1 quarter
|
|
2318
Phinia Inc
PHIN
$2.2B
| $391K | ﹤0.01% |
6,795
-3,981
| -37% | -$215K |
2023 Q3
8 quarters
|
|
2319
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.05B
| $390K | ﹤0.01% |
34,225
+391
| +1% | +$4.3K |
2023 Q4
7 quarters
|
|
2320
Allegro MicroSystems
ALGM
$6.78B
| $389K | ﹤0.01% |
13,305
-1,706
| -11% | -$55.2K |
2024 Q3
4 quarters
|
|
2321
Rush Enterprises Class A
RUSHA
$5.39B
| $387K | ﹤0.01% |
10,851
-6,917
| -39% | -$257K |
2023 Q1
10 quarters
|
|
2322
Nuveen Quality Municipal Income Fund
NAD
$2.38B
| $387K | ﹤0.01% |
33,081
+384
| +1% | +$4.37K |
2023 Q4
7 quarters
|
|
2323
Synaptics
SYNA
$4.21B
| $386K | ﹤0.01% |
5,643
-701
| -11% | -$47.7K |
2013 Q2
49 quarters
|
|
2324
Enel Chile
ENIC
$5.71B
| $385K | ﹤0.01% |
99,088
+22,815
| +30% | +$79.8K |
2021 Q1
18 quarters
|
|
|
CSR
2325
Centerspace
CSR
$913M
| $385K | ﹤0.01% |
6,542
-20,364
| -76% | -$1.18M |
2025 Q1
2 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.