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 | |
|---|---|---|---|---|---|---|---|
2351
Columbia India Consumer ETF
INCO
$205M
| $367K | ﹤0.01% |
5,675
| – | – |
2024 Q1
6 quarters
|
|
2352
Cavco Industries
CVCO
$4.44B
| $366K | ﹤0.01% |
631
-733
| -54% | -$358K |
2022 Q3
12 quarters
|
|
2353
REX American Resources
REX
$1.45B
| $363K | ﹤0.01% |
11,856
-3,532
| -23% | -$101K |
2022 Q4
11 quarters
|
|
2354
Verra Mobility
VRRM
$454M
| $362K | ﹤0.01% |
14,649
-13,910
| -49% | -$344K |
2023 Q1
10 quarters
|
|
2355
Olin
OLN
$1.82B
| $362K | ﹤0.01% |
14,472
-1,224
| -8% | -$27.2K |
2013 Q2
49 quarters
|
|
2356
Unitil
UTL
$923M
| $362K | ﹤0.01% |
7,555
-1,896
| -20% | -$92.6K |
2013 Q2
49 quarters
|
|
2357
iShares Asia 50 ETF
AIA
$4.95B
| $361K | ﹤0.01% |
3,820
-460
| -11% | -$39.6K |
2013 Q2
49 quarters
|
|
2358
CONMED
CNMD
$1.38B
| $361K | ﹤0.01% |
7,682
-2,694
| -26% | -$140K |
2013 Q2
49 quarters
|
|
2359
SunCoke Energy
SXC
$827M
| $360K | ﹤0.01% |
44,173
-7,898
| -15% | -$62.9K |
2013 Q2
49 quarters
|
|
|
GGN
2360
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$825M
| $360K | ﹤0.01% |
69,817
-5,000
| -7% | -$23.4K |
2021 Q1
18 quarters
|
|
2361
Yunhong Green CTI Ltd
YHGJ
$7.49M
| $360K | ﹤0.01% |
8,000
| – | – |
2023 Q4
7 quarters
|
|
2362
WD-40
WDFC
$2.72B
| $360K | ﹤0.01% |
1,821
-851
| -32% | -$184K |
2013 Q4
47 quarters
|
|
2363
CALL
Canadian Imperial Bank of Commerce
CM
$99.8B
| $360K | ﹤0.01% |
4,500
-628,700
| -99% | -$47.3M |
2022 Q1
14 quarters
|
|
2364
Aegon
AEG
$12.6B
| $359K | ﹤0.01% |
44,952
+887
| +2% | +$6.62K |
2013 Q2
49 quarters
|
|
|
CGC
2365
PUT
Canopy Growth
CGC
$373M
| $357K | ﹤0.01% |
+245,000
| New | +$318K |
2025 Q3
0 quarters
|
|
|
OKLO
2366
CALL
Oklo
OKLO
$6.72B
| $357K | ﹤0.01% |
+3,200
| New | +$251K |
2025 Q3
0 quarters
|
|
2367
Marriott Vacations Worldwide
VAC
$3.55B
| $357K | ﹤0.01% |
5,357
-7,941
| -60% | -$612K |
2013 Q2
49 quarters
|
|
2368
OSI Systems
OSIS
$3.13B
| $356K | ﹤0.01% |
1,428
-1,401
| -50% | -$320K |
2023 Q4
7 quarters
|
|
|
CRCL
2369
Circle Internet Group
CRCL
$21B
| $355K | ﹤0.01% |
2,681
+396
| +17% | +$62.7K |
2025 Q2
1 quarter
|
|
2370
Barings BDC
BBDC
$911M
| $355K | ﹤0.01% |
+40,573
| New | +$382K |
2025 Q3
0 quarters
|
|
|
ETH
2371
Grayscale Ethereum Staking Mini ETF Shares
ETH
$2.27B
| $354K | ﹤0.01% |
+9,035
| New | +$334K |
2025 Q3
0 quarters
|
|
2372
Minerals Technologies
MTX
$2.03B
| $354K | ﹤0.01% |
5,697
-3,117
| -35% | -$190K |
2013 Q2
49 quarters
|
|
2373
AMERISAFE
AMSF
$439M
| $354K | ﹤0.01% |
8,070
-1,821
| -18% | -$81.6K |
2024 Q2
5 quarters
|
|
2374
Tilray
TLRY
$528M
| $353K | ﹤0.01% |
20,386
-2,657
| -12% | -$25.4K |
2018 Q3
28 quarters
|
|
2375
Community Bank
CBU
$3.15B
| $353K | ﹤0.01% |
6,012
-5,028
| -46% | -$291K |
2013 Q2
49 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.