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 | |
|---|---|---|---|---|---|---|---|
2351
America Movil
AMX
$62B
| $386K | ﹤0.01% |
21,526
+2,658
| +14% | +$44.2K |
2023 Q2
8 quarters
|
|
2352
Strategic Education
STRA
$1.75B
| $385K | ﹤0.01% |
4,526
+36
| +0.8% | +$3.06K |
2013 Q2
48 quarters
|
|
|
TBRG
2353
DELISTED
TruBridge
TBRG
| $384K | ﹤0.01% |
16,413
| – | – |
2024 Q1
5 quarters
|
|
2354
iShares US Energy ETF
IYE
$1.68B
| $384K | ﹤0.01% |
8,486
+4,820
| +131% | +$213K |
2013 Q2
48 quarters
|
|
2355
First Trust Long/Short Equity ETF
FTLS
$2.56B
| $384K | ﹤0.01% |
5,786
+587
| +11% | +$37.7K |
2023 Q2
8 quarters
|
|
2356
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.3B
| $383K | ﹤0.01% |
3,940
-4,496
| -53% | -$430K |
2013 Q2
48 quarters
|
|
|
ALEX
2357
DELISTED
Alexander & Baldwin
ALEX
| $383K | ﹤0.01% |
21,464
+116
| +0.5% | +$2.02K |
2013 Q2
48 quarters
|
|
|
MGIC
2358
DELISTED
Magic Software Enterprises
MGIC
| $382K | ﹤0.01% |
20,000
| – | – |
2022 Q3
11 quarters
|
|
2359
WaFd
WAFD
$2.22B
| $382K | ﹤0.01% |
13,044
-962
| -7% | -$27.2K |
2023 Q4
6 quarters
|
|
2360
JPMorgan Income ETF
JPIE
$10.8B
| $381K | ﹤0.01% |
8,218
+445
| +6% | +$20.4K |
2023 Q4
6 quarters
|
|
2361
Papa John's
PZZA
$645M
| $380K | ﹤0.01% |
7,770
-527
| -6% | -$21.5K |
2013 Q2
48 quarters
|
|
2362
Invesco Trust Investment Grade Municipals
VGM
$475M
| $380K | ﹤0.01% |
40,020
+708
| +2% | +$6.79K |
2023 Q4
6 quarters
|
|
2363
iShares MSCI Brazil ETF
EWZ
$8.64B
| $379K | ﹤0.01% |
13,143
-16,619
| -56% | -$448K |
2024 Q1
5 quarters
|
|
2364
Innoviva
INVA
$1.48B
| $379K | ﹤0.01% |
18,853
+767
| +4% | +$14.8K |
2022 Q4
10 quarters
|
|
2365
Invesco Municipal Opportunity Trust
VMO
$569M
| $379K | ﹤0.01% |
41,245
+1,190
| +3% | +$11K |
2022 Q1
13 quarters
|
|
2366
Progyny
PGNY
$1.91B
| $379K | ﹤0.01% |
17,277
+55
| +0.3% | +$1.21K |
2022 Q3
11 quarters
|
|
2367
Ziff Davis
ZD
$1.87B
| $378K | ﹤0.01% |
12,472
+5,709
| +84% | +$183K |
2013 Q2
48 quarters
|
|
2368
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.36B
| $377K | ﹤0.01% |
11,553
+326
| +3% | +$9.66K |
2017 Q4
30 quarters
|
|
2369
SoundHound AI
SOUN
$2.69B
| $377K | ﹤0.01% |
35,149
-34,519
| -50% | -$325K |
2024 Q1
5 quarters
|
|
2370
Brighthouse Financial
BHF
$2.88B
| $377K | ﹤0.01% |
7,010
-904
| -11% | -$50.8K |
2017 Q3
31 quarters
|
|
2371
Invesco Municipal Trust
VKQ
$470M
| $377K | ﹤0.01% |
41,186
+769
| +2% | +$7.12K |
2023 Q4
6 quarters
|
|
2372
Zillow
ZG
$6.39B
| $376K | ﹤0.01% |
5,494
-54,499
| -91% | -$3.61M |
2013 Q2
48 quarters
|
|
2373
iShares Core MSCI Europe ETF
IEUR
$8.89B
| $376K | ﹤0.01% |
5,677
+659
| +13% | +$41.6K |
2023 Q1
9 quarters
|
|
2374
Acadia Realty Trust
AKR
$2.57B
| $376K | ﹤0.01% |
20,227
+1,069
| +6% | +$20.7K |
2024 Q1
5 quarters
|
|
2375
REX American Resources
REX
$1.45B
| $375K | ﹤0.01% |
15,388
-246
| -2% | -$5.19K |
2022 Q4
10 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.