Norges Bank’s Bank of Montreal BMO Stock Holding History

Norges Bank’s Portfolio BMO Stock Details BMO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-8,156,958	Closed	-$1.06B	–	199
2025 Q4	$1.06B	Buy	+8,156,958	New	+$1.03B	0.11%	154
2025 Q3	–	Sell	-10,679,880	Closed	-$1.18B	–	225
2025 Q2	$1.18B	Buy	10,679,880 +273,073	+3%	+$27.5M	0.15%	130
2025 Q1	$994M	Sell	10,406,807 -57,714	-0.6%	-$5.71M	0.14%	139
2024 Q4	$1.01B	Buy	10,464,521 +15,035	+0.1%	+$1.42M	0.13%	136
2024 Q3	$943M	Buy	10,449,486 +1,813,547	+21%	+$155M	0.13%	148
2024 Q2	$725M	Buy	8,635,939 +1,273,567	+17%	+$116M	0.11%	180
2024 Q1	$719M	Sell	7,362,372 -850,212	-10%	-$80.3M	0.11%	181
2023 Q4	$813M	Buy	8,212,584 +746,874	+10%	+$62.3M	0.14%	142
2023 Q3	$630M	Buy	7,465,710 +196,289	+3%	+$17.3M	0.13%	161
2023 Q2	$656M	Buy	7,269,421 +1,073,936	+17%	+$94.9M	0.13%	156
2023 Q1	$552M	Sell	6,195,485 -1,694	-0%	-$161K	0.12%	168
2022 Q4	$561M	Buy	6,197,179 +512,998	+9%	+$47.5M	0.14%	159
2022 Q3	$498M	Buy	5,684,181 +39,656	+0.7%	+$3.83M	0.13%	155
2022 Q2	$543M	Sell	5,644,525 -317,753	-5%	-$33.8M	0.14%	150
2022 Q1	$702M	Sell	5,962,278 -226,984	-4%	-$26.3M	0.15%	125
2021 Q4	$667M	Sell	6,189,262 -988,555	-14%	-$107M	0.14%	142
2021 Q3	$716M	Buy	7,177,817 +106,466	+2%	+$10.7M	0.16%	123
2021 Q2	$725M	Sell	7,071,351 -83,480	-1%	-$8.24M	0.16%	124
2021 Q1	$638M	Sell	7,154,831 -196,756	-3%	-$16M	0.15%	135
2020 Q4	$559M	Buy	7,351,587 +1,012,018	+16%	+$69.3M	0.13%	155
2020 Q3	$364M	Buy	6,339,569 +673,634	+12%	+$39M	0.1%	186
2020 Q2	$295M	Sell	5,665,935 -340,203	-6%	-$17.3M	0.08%	217
2020 Q1	$297M	Sell	6,006,138 -350,650	-6%	-$23.8M	0.11%	181
2019 Q4	$484M	Hold	6,356,788	–	–	0.14%	153
2019 Q3	$469M	Hold	6,356,788	–	–	0.14%	140
2019 Q2	$481M	Buy	6,356,788 +121,206	+2%	+$9.27M	0.15%	135
2019 Q1	$467M	Buy	6,235,582 +31,739	+0.5%	+$2.35M	0.15%	128
2018 Q4	$405M	Sell	6,203,843 -757,947	-11%	-$56.2M	0.15%	126
2018 Q3	$574M	Sell	6,961,790 -88,809	-1%	-$7.14M	0.19%	105
2018 Q2	$545M	Buy	7,050,599 +735,763	+12%	+$56.7M	0.19%	107
2018 Q1	$477M	Buy	6,314,836 +230,963	+4%	+$18.2M	0.17%	117
2017 Q4	$488M	Buy	6,083,873 +57,680	+1%	+$4.5M	0.18%	117
2017 Q3	$455M	Hold	6,026,193	–	–	0.17%	120
2017 Q2	$442M	Buy	6,026,193 +271,159	+5%	+$19.2M	0.18%	116
2017 Q1	$429M	Sell	5,755,034 -169,546	-3%	-$12.8M	0.18%	113
2016 Q4	$427M	Buy	5,924,580 +3,673	+0.1%	+$245K	0.19%	107
2016 Q3	$370M	Sell	5,920,907 -165,186	-3%	-$10.7M	0.17%	116
2016 Q2	$384M	Sell	6,086,093 -181,820	-3%	-$11.5M	0.18%	111
2016 Q1	$382M	Hold	6,267,913	–	–	0.19%	106
2015 Q4	$352M	Buy	6,267,913 +121,341	+2%	+$6.98M	0.18%	115
2015 Q3	$334M	Buy	6,146,572 +216,735	+4%	+$11.9M	0.17%	116
2015 Q2	$352M	Hold	5,929,837	–	–	0.18%	115
2015 Q1	$355M	Buy	5,929,837 +347,597	+6%	+$21.6M	0.17%	116
2014 Q4	$396M	Sell	5,582,240 -211,817	-4%	-$15.2M	0.2%	98
2014 Q3	$427M	Sell	5,794,057 -5,813,177	-50%	-$437M	0.23%	82
2014 Q2	$856M	Buy	11,607,234 +5,832,676	+101%	+$407M	0.23%	87
2014 Q1	$387M	Buy	5,774,558 +167,135	+3%	+$10.9M	0.22%	92
2013 Q4	$374M	Sell	5,607,423 -253,039	-4%	-$17.2M	0.22%	91
2013 Q3	$392M	Buy	5,860,462 +156,646	+3%	+$9.82M	0.23%	88
2013 Q2	$330M	Buy	+5,703,816	New	+$346M	0.2%	100

Other funds holding BMO

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

CIBC World Market Toronto, Ontario, Canada $61.3B AUM 39.33% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

National Bank of Canada Montreal, Quebec, Canada $112B AUM 31.26% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Norges Bank's BMO Position: Q1 2026 in Review

Norges Bank sold out of Bank of Montreal (BMO) in Q1 2026, closing a stake of 8,156,958 shares — an estimated $1.06B sold.

Norges Bank first reported a position in BMO in Q2 2013 and held it in 50 quarters. The position peaked at $1.18B in Q2 2025. 634 funds tracked by Wall St. Rank hold BMO as of Q1 2026.

Norges Bank reported no remaining Bank of Montreal position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 8,156,958 Bank of Montreal shares in Q1 2026, an estimated $1.06B.
Norges Bank first reported a position in Bank of Montreal in Q2 2013 and held it in 50 quarters.
Norges Bank's Bank of Montreal position peaked at $1.18B in Q2 2025.
634 funds tracked by Wall St. Rank held Bank of Montreal as of Q1 2026.

Based on Norges Bank's 13F filing for Q1 2026.