Bank of Montreal

BMO • NYSE

Bank of Montreal is a banks - diversified company in the financial services sector on NYSE, led by William Darryl White, with a market cap of $95.6B. As of Q3 2025, 48% of shares are held by 560 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 9.14%.

CEOWilliam Darryl White

Market Cap$95.6B

Banks - Diversified

Financial Services

Employees55.8K

Websitebmo.com

Country

United States of America

Overview

Overview of institutional ownership in BMO as of Q3 2025 with a market cap of $93.3B

All Institutions

Institutions: 560
Value Held: $44.5B
Shares Held: 340.8M
Avg Position: $79.4M
Median Position: $724.7K

Hedge Funds

Hedge Funds: 23
Value Held: $144.8M
Shares Held: 1.1M
Avg Position: $6.3M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

47.51%

$44.3B

Hedge Funds

0.155%

$144.8M

Retail & Other

52.34%

$48.8B

Based on market cap of $93.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BMO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$8.5B 1.57% of portfolio	9.14% 65.5M shares	≤ Q2 2013 Held for 12y 6m+	$542.04B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$4.2B 0.06% of portfolio	4.52% 32.3M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$3.7B 1.63% of portfolio	3.98% 28.5M shares	≤ Q2 2013 Held for 12y 6m+	$227.19B
T TD ASSET MANAGEMENT INC Institution	-	$2.5B 2.01% of portfolio	2.66% 19.1M shares	≤ Q2 2013 Held for 12y 6m+	$123.48B
C CIBC World Markets Inc. Institution	-	$1.6B 3.33% of portfolio	1.74% 12.4M shares	≤ Q2 2013 Held for 12y 6m+	$48.7B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$1.5B 1.66% of portfolio	1.57% 11.3M shares	Q4 2021 Held for 4 years	$88.3B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$1.2B 1.50% of portfolio	1.33% 9.5M shares	≤ Q2 2013 Held for 12y 6m+	$82.7B
F FIL Ltd Institution	-	$1.1B 0.84% of portfolio	1.14% 8.2M shares	Q2 2018 Held for 7y 6m	$127.75B
FMR LLC Institution	-	$1.1B 0.05% of portfolio	1.13% 8.1M shares	≤ Q2 2013 Held for 12y 6m+	$1.92T
CIBC Global Asset Management Inc Long Only Manager	Eric Nmn Belanger CEO	$949.4M 2.76% of portfolio	1.01% 7.3M shares	≤ Q2 2013 Held for 12y 6m+	$34.5B

Net Capital Flow

Institutional buying and selling activity for BMO in Q3 2025

Traded: +$713.3M
Buyers: 269
Sellers: 220
Total Bought: +$2.8B
Total Sold: −$2.1B
Avg Position: $73.0M

Biggest Buyers

Institution	Net Bought	Current Position
F FIL Ltd Institution	+$526.1M +4.0M shares	$1.1B 8.2M shares
FMR LLC Institution	+$422.9M +3.2M shares	$1.1B 8.1M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$341.6M +2.6M shares	$389.7M 3.0M shares
T TD ASSET MANAGEMENT INC Institution	+$233.2M +1.8M shares	$2.5B 19.1M shares
UBS Group AG Institution	+$168.6M +1.3M shares	$277.1M 2.1M shares
CIBC Global Asset Management Inc Long Only Manager	+$140.0M +1.1M shares	$949.4M 7.3M shares
N NATIONAL BANK OF CANADA /FI/ Institution	+$122.9M +945.2K shares	$1.5B 11.3M shares
O OMERS ADMINISTRATION Corp Institution	+$105.0M +805.9K shares	$147.7M 1.1M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$98.8M +745.3K shares	$873.5M 6.6M shares
Invesco Ltd. ETF Provider	+$71.0M +545.0K shares	$209.2M 1.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$265.7M −2.0M shares	$448.7M 3.4M shares
P PUBLIC SECTOR PENSION INVESTMENT BOARD Institution	−$235.4M −1.8M shares	$47.4M 363.9K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	−$194.4M −1.5M shares	$426.4M 3.3M shares
BANK OF NOVA SCOTIA / Institution	−$162.7M −1.2M shares	$830.6M 6.4M shares
C CIBC World Markets Inc. Institution	−$144.2M −1.1M shares	$1.6B 12.4M shares
TORONTO DOMINION BANK Institution	−$142.4M −1.1M shares	$794.7M 6.1M shares
Jarislowsky, Fraser Ltd Long Only Manager	−$73.8M −566.3K shares	$760.4M 5.8M shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$69.7M −535.4K shares	$1.2B 9.5M shares
G GCIC Ltd. Institution	−$67.7M −519.5K shares	$825.3M 6.3M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$61.5M −471.9K shares	$20.1M 154.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BMO in Q3 2025

New Positions: 31
New Value: $72.6M
Exited Positions: 49
Exited Value: $73.4M

New Positions

Institution	Position Value
N Nearwater Capital Markets, Ltd Institution	$63.2M 485.0K shares
Capital Wealth Planning, LLC RIA/Wealth	$2.2M 16.8K shares
BTG Pactual Asset Management US LLC Hedge Fund•Multi-Strategy	$2.1M 16.2K shares
Redhawk Wealth Advisors, Inc. RIA/Wealth	$910.3K 7.0K shares
Williamson Legacy Group, LLC RIA/Wealth	$803.5K 6.2K shares
ROCKLAND TRUST CO Private Equity	$380.3K 2.9K shares
Carter Financial Group, INC. RIA/Wealth	$244.4K 1.9K shares
Aprio Wealth Management, LLC RIA/Wealth	$243.7K 1.9K shares
Kathmere Capital Management, LLC RIA/Wealth	$243.0K 1.9K shares
Callan Family Office, LLC Family Office	$232.8K 1.8K shares

Exited Positions

Institution	Previous Position
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$18.9M 171.3K shares
A AXA Institution	$18.7M 169.0K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$9.4M 84.6K shares
S SIG North Trading, ULC Institution	$6.1M 54.7K shares
Q Quadrature Capital Ltd Institution	$3.3M 29.7K shares
T TCW GROUP INC Institution	$2.0M 18.4K shares
1 111 Capital Institution	$1.5M 13.8K shares
S State of Wyoming Institution	$1.4M 12.2K shares
C Capital World Investors Institution	$1.1M 9.7K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$1.0M 9.2K shares

Options Activity

Institutions with the largest Call and Put options positions in BMO as of Q3 2025

Call Positions: 22
Call Value: $999.7M
Put Positions: 22
Put Value: $1.6B

Call Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$527.5M 40.5K contracts
TORONTO DOMINION BANK Institution	$140.5M 10.8K contracts
D D. E. Shaw & Co., Inc. Institution	$77.0M 5.9K contracts
S SIG North Trading, ULC Institution	$72.9M 5.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$63.2M 4.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$24.4M 1.9K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$19.8M 1.5K contracts
C CIBC World Markets Inc. Institution	$13.0M 1.0K contracts
GOLDMAN SACHS GROUP INC Institution	$11.5M 880.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$9.1M 500.0 contracts

Put Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$656.5M 50.4K contracts
S SIG North Trading, ULC Institution	$276.0M 21.2K contracts
D D. E. Shaw & Co., Inc. Institution	$212.8M 16.3K contracts
TORONTO DOMINION BANK Institution	$120.9M 9.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$114.3M 6.3K contracts
C CIBC World Markets Inc. Institution	$84.7M 6.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$69.1M 5.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$24.0M 1.8K contracts
BANK OF MONTREAL /CAN/ Institution	$19.5M 1.5K contracts
GOLDMAN SACHS GROUP INC Institution	$11.5M 880.0 contracts

Most Committed Institutions

Institutions with BMO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
GUARDIAN CAPITAL LP Long Only Manager	George Mavroudis CEO	7.26% $223.8M	0.24% 1.7M shares	≤ Q2 2013 Held for 12y 6m+	$3.1B
B BANK OF NOVA SCOTIA TRUST CO Institution	-	6.10% $65.8M	0.07% 505.5K shares	≤ Q2 2013 Held for 12y 6m+	$1.1B
V Value Partner Investments Inc. Institution	-	5.44% $66.6M	0.07% 511.3K shares	Q4 2019 Held for 6 years	$1.2B
Rempart Asset Management Inc. RIA/Wealth	Douglas Robert Buchanan President	5.35% $28.9M	0.03% 221.8K shares	Q4 2020 Held for 5 years	$540.7M
Cardinal Capital Management, Inc. RIA/Wealth	Emily Anne Burt Chairman	5.33% $144.5M	0.15% 1.1M shares	Q2 2014 Held for 11y 6m	$2.7B
A Aviso Financial Inc. Institution	-	5.30% $130.6M	0.14% 1.0M shares	Q2 2024 Held for 1y 6m	$2.5B
S Scheer, Rowlett & Associates Investment Management Ltd. Institution	-	4.62% $77.4M	0.08% 594.3K shares	Q1 2021 Held for 4y 9m	$1.7B
M MUFG SECURITIES , LTD. Institution	-	4.29% $154.4M	0.17% 1.2M shares	Q1 2024 Held for 1y 9m	$3.6B
Beutel, Goodman & Co Ltd. Long Only Manager	Jackie Corneil Managing Partner	4.24% $701.8M	0.75% 5.4M shares	Q4 2017 Held for 8 years	$16.6B
Jarislowsky, Fraser Ltd Long Only Manager	Marc Jeffrey Rowan CEO	4.18% $760.4M	0.81% 5.8M shares	≤ Q2 2013 Held for 12y 6m+	$18.2B

Hedge Fund Spotlight

Discover hedge funds investing in BMO

Sciencast Management LP

Hedge Fund • Quant

Portfolio ManagerQing Li

Portfolio Value: $534.5M
Positions: 251
Last Reported: Q3 2025

Sector Allocation

Position in Bank of Montreal

Market Value: $3.7M
Shares Held: 28.2K
Portfolio Weight: 0.69%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Micron Technology MU	Semiconductors Technology	$4.7M	0.87%
2 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$4.5M	0.85%
3 Lam Research LRCX	Semiconductors Technology	$4.5M	0.85%