Filing Flows › 13F managers › Bank of Montreal
Bank of Montreal: 13F portfolio Q2 2026 and what copying it returned
Bank of Montreal's 13F for the quarter ended 2026-06-30 (filed Aug 12, 2026): 400 common-share positions, $303.7B reported. Copying each 13F the day after it was filed returned +31.4% from May 15, 2025 to Nov 6, 2026, against +25.1% for SPY.
Copying the 13F
Each 13F bought at the close of the first trading day after it was filed and held, drifting, until the next one; value-weighted over the common-share positions with a price (94.3% of the portfolio on average); 6 filings since May 13, 2025. Price returns for the clone and SPY alike (no dividends, no costs). A 13F lists only US long positions at quarter end, reported up to 45 days later.
Largest holdings (2026-06-30)
| Ticker | Company | Weight | Value | Change in the quarter |
|---|---|---|---|---|
| RY | Royal Bank of Canada | 4.1% | $12.5B | -2.6% |
| NVDA | NVIDIA | 3.3% | $10.1B | -9.6% |
| AAPL | Apple | 2.5% | $7.7B | -2.0% |
| TD | Toronto Dominion Bank | 2.5% | $7.6B | -16.7% |
| GOOGL | Alphabet | 2.3% | $6.9B | -1.2% |
| AMZN | Amazon.com | 1.8% | $5.6B | -5.2% |
| MSFT | Microsoft | 1.8% | $5.5B | -2.6% |
| BMO | Bank of Montreal | 1.6% | $5.0B | +0.5% |
| CM | Canadian Imperial Bank of Commerce | 1.6% | $4.9B | +3.9% |
| SPY | SPDR S&P 500 ETF Trust | 1.6% | $4.8B | +8.1% |
| BNS | Bank of Nova Scotia | 1.5% | $4.5B | -7.4% |
| AVGO | Broadcom | 1.5% | $4.4B | +18.8% |
| GOOG | Alphabet | 1.2% | $3.7B | +6.5% |
| ENB | Enbridge | 1.1% | $3.3B | +7.5% |
| META | Meta Platforms | 1.0% | $3.1B | -7.2% |
| TSLA | Tesla | 1.0% | $3.0B | +5.6% |
| AMD | Advanced Micro Devices | 0.9% | $2.9B | -3.2% |
| CNQ | Canadian Natural Resources | 0.8% | $2.6B | +1.4% |
| MU | Micron Technology | 0.8% | $2.5B | -25.1% |
| TRP | TC Energy | 0.8% | $2.5B | -31.4% |
| BN | Brookfield | 0.8% | $2.4B | +3.5% |
| MFC | Manulife Financial | 0.8% | $2.3B | -0.9% |
| SU | Suncor Energy | 0.8% | $2.3B | +16.7% |
| NFLX | Netflix | 0.7% | $2.2B | +16.2% |
Biggest adds
- GLD new
- TRI new
- XLE new
- IBIT new
- PL new
- SPCX new
- TFI new
- XLV new
- OGC new
- DD new
Biggest cuts
- SPYM exit
- XLI exit
- KRE exit
- XLK exit
- XLF exit
- XBI exit
Track record
Of 100 position changes scored in 100 separate decisions, 41.0% were on the right side of SPY over the next three months (Disclosures → Smart money).
Open in Disclosures → every quarter, the clone month by month, the smart-money record
Source: SEC Form 13F-HR, filer CIK 927971. Not investment advice.