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Bank of Montreal

578 hedge funds and large institutions have $44.7B invested in Bank of Montreal in 2025 Q3 according to their latest regulatory filings, with 76 funds opening new positions, 193 increasing their positions, 183 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 54

15% more capital invested

Capital invested by funds: $38.7B → $44.7B (+$5.97B)

2% more funds holding

Funds holding: 565578 (+13)

5% more repeat investments, than reductions

Existing positions increased: 193 | Existing positions reduced: 183

0.66% less ownership

Funds ownership: 48.57%47.91% (-0.66%)

12% less funds holding in top 10

Funds holding in top 10: 2623 (-3)

34% less call options, than puts

Call options by funds: $1.13B | Put options by funds: $1.71B

Holders
578
Holders Change
+13
Holders Change %
+2.3%
% of All Funds
7.59%
Holding in Top 10
23
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-11.54%
% of All Funds
0.3%
New
76
Increased
193
Reduced
183
Closed
54
Calls
$1.13B
Puts
$1.71B
Net Calls
-$581M
Net Calls Change
+$92.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$8.53B -$2.12M -17,919 -0%
Vanguard Group
2
Vanguard Group
Pennsylvania
$4.21B +$17.8M +149,944 +0.5%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$3.71B +$13.3M +112,009 +0.4%
TD Asset Management
4
TD Asset Management
Ontario, Canada
$2.49B +$212M +1,789,188 +10%
CIBC World Market
5
CIBC World Market
Ontario, Canada
$1.62B -$131M -1,107,046 -8%
National Bank of Canada
6
National Bank of Canada
Quebec, Canada
$1.46B +$112M +945,178 +9%
Mackenzie Financial
7
Mackenzie Financial
Ontario, Canada
$1.24B -$63.4M -535,377 -5%
Fidelity International
8
Fidelity International
Bermuda
$1.07B +$478M +4,037,495 +97%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$1.06B +$384M +3,245,386 +67%
CIBC Asset Management
10
CIBC Asset Management
Ontario, Canada
$949M +$127M +1,070,546 +17%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$873M +$88.2M +745,273 +13%
Bank of Nova Scotia
12
Bank of Nova Scotia
Ontario, Canada
$831M -$148M -1,248,285 -16%
1832 Asset Management
13
1832 Asset Management
Ontario, Canada
$825M -$61.5M -519,491 -8%
Toronto Dominion Bank
14
Toronto Dominion Bank
Ontario, Canada
$795M -$129M -1,093,189 -15%
JFL
15
Jarislowsky, Fraser Ltd
Quebec, Canada
$760M -$67.1M -566,349 -9%
Caisse de Depot et Placement du Quebec (CDPQ)
16
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$706M
BGC
17
Beutel, Goodman & Co
Ontario, Canada
$702M -$45M -380,246 -7%
Legal & General Group
18
Legal & General Group
United Kingdom
$590M +$20.9M +176,923 +4%
JP Morgan Chase
19
JP Morgan Chase
New York
$525M -$7.43M -62,740 -2%
Fiera Capital (Canada)
20
Fiera Capital (Canada)
Quebec, Canada
$516M +$12M +101,739 +3%
Canada Pension Plan Investment Board
21
Canada Pension Plan Investment Board
Ontario, Canada
$502M +$42.4M +358,203 +10%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$463M +$628K +5,304 +0.1%
SC
23
Scotia Capital
Ontario, Canada
$463M -$637K -5,378 -0.2%
Goldman Sachs
24
Goldman Sachs
New York
$449M -$242M -2,040,077 -37%
FDCDDQ
25
Federation des caisses Desjardins du Quebec
Quebec, Canada
$445M +$33.5M +283,102 +9%

BMO Hedge Fund Activity: Q3 2025 in Review

578 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Bank of Montreal (BMO) for Q3 2025, worth a combined $44.7B — up 15% from $38.7B a quarter earlier.

Buyers outnumbered sellers: 76 funds opened new BMO positions and 54 closed out — a net gain of 22 holders — while 193 added to existing stakes and 183 trimmed.

The largest buyer was Fidelity International, adding an estimated $478M. The largest seller was Goldman Sachs, cutting an estimated $242M.

  • 578 institutional investors held Bank of Montreal (BMO) as of Q3 2025, up from 565 in Q2 2025.
  • Funds reported $44.7B of Bank of Montreal stock for Q3 2025, up 15% quarter-over-quarter.
  • 76 funds opened new Bank of Montreal positions in Q3 2025 and 54 closed out, a net change of +22 holders.
  • The largest Bank of Montreal buyer in Q3 2025 was Fidelity International, an estimated $478M added.
  • The largest Bank of Montreal seller in Q3 2025 was Goldman Sachs, an estimated $242M sold.

Based on aggregated 13F filings for Q3 2025.