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 | |
|---|---|---|---|---|---|---|---|
2401
Flowers Foods
FLO
$1.18B
| $333K | ﹤0.01% |
25,501
+3,309
| +15% | +$50.2K |
2013 Q2
49 quarters
|
|
2402
McGrath RentCorp
MGRC
$2.81B
| $333K | ﹤0.01% |
+2,835
| New | +$342K |
2025 Q3
0 quarters
|
|
2403
iShares US Utilities ETF
IDU
$1.33B
| $332K | ﹤0.01% |
2,998
| – | – |
2021 Q2
17 quarters
|
|
2404
Invesco S&P 500 Equal Weight Energy ETF
RSPG
$611M
| $332K | ﹤0.01% |
4,172
| – | – |
2020 Q2
21 quarters
|
|
2405
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$1.95B
| $332K | ﹤0.01% |
6,827
+2
| +0% | +$93 |
2025 Q1
2 quarters
|
|
2406
Valaris
VAL
$5.52B
| $332K | ﹤0.01% |
6,804
-900
| -12% | -$43.9K |
2022 Q1
14 quarters
|
|
2407
First Bancorp
FBP
$4.07B
| $332K | ﹤0.01% |
15,039
-14,490
| -49% | -$313K |
2013 Q2
49 quarters
|
|
2408
iShares Core Conservative Allocation ETF
AOK
$812M
| $330K | ﹤0.01% |
8,207
-256
| -3% | -$10.1K |
2022 Q3
12 quarters
|
|
2409
AbCellera Biologics
ABCL
$4.51B
| $330K | ﹤0.01% |
65,508
-4,581
| -7% | -$20.2K |
2020 Q4
19 quarters
|
|
2410
BigBear.ai
BBAI
$1.31B
| $329K | ﹤0.01% |
50,441
-52,946
| -51% | -$339K |
2025 Q1
2 quarters
|
|
|
LINE
2411
Lineage Inc
LINE
$7.74B
| $329K | ﹤0.01% |
8,511
+1,617
| +23% | +$67.2K |
2025 Q2
1 quarter
|
|
2412
Dorman Products
DORM
$3.65B
| $327K | ﹤0.01% |
2,100
-2,456
| -54% | -$352K |
2013 Q2
49 quarters
|
|
2413
Cable One
CABO
$58.8M
| $324K | ﹤0.01% |
1,832
-1,117
| -38% | -$168K |
2015 Q3
40 quarters
|
|
2414
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.84B
| $324K | ﹤0.01% |
5,900
-2,395
| -29% | -$126K |
2025 Q2
1 quarter
|
|
2415
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.71B
| $323K | ﹤0.01% |
2,930
| – | – |
2024 Q1
6 quarters
|
|
2416
NMI Holdings
NMIH
$2.86B
| $323K | ﹤0.01% |
8,418
-6,874
| -45% | -$269K |
2015 Q4
39 quarters
|
|
|
AEC
2417
Anfield Energy
AEC
$67M
| $323K | ﹤0.01% |
+31,559
| New | +$264K |
2025 Q3
0 quarters
|
|
2418
iShares Convertible Bond ETF
ICVT
$8.02B
| $320K | ﹤0.01% |
3,199
-4
| -0.1% | -$376 |
2023 Q4
7 quarters
|
|
2419
ICU Medical
ICUI
$3.93B
| $320K | ﹤0.01% |
2,664
-2,327
| -47% | -$295K |
2013 Q2
49 quarters
|
|
2420
NCR Atleos
NATL
$3.33B
| $319K | ﹤0.01% |
8,123
-6,610
| -45% | -$230K |
2024 Q2
5 quarters
|
|
2421
Renasant Corp
RNST
$3.59B
| $319K | ﹤0.01% |
8,638
-8,091
| -48% | -$306K |
2023 Q4
7 quarters
|
|
2422
StepStone Group
STEP
$3.68B
| $318K | ﹤0.01% |
4,875
-5,852
| -55% | -$357K |
2024 Q2
5 quarters
|
|
2423
Ziff Davis
ZD
$1.87B
| $317K | ﹤0.01% |
8,316
-4,156
| -33% | -$146K |
2013 Q2
49 quarters
|
|
2424
QuidelOrtho
QDEL
$712M
| $317K | ﹤0.01% |
10,758
-4,964
| -32% | -$136K |
2015 Q4
39 quarters
|
|
2425
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$567M
| $317K | ﹤0.01% |
3,377
-732
| -18% | -$66.6K |
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.