| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BlackRock, Inc. | 5.1% | +2% | $4,095,713,105 | +$75,577,548 | 37,021,722 | +1.9% | BlackRock, Inc. | 30 Jun 2025 |
As of 31 Dec 2025, 597 institutional investors reported holding 329,801,450 shares of BANK OF MONTREAL /CAN/ - Common Stock (BMO). This represents 45% of the company’s total 725,916,118 outstanding shares.
The largest institutional shareholders of BANK OF MONTREAL /CAN/ - Common Stock (BMO) together control 37% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| ROYAL BANK OF CANADA | 6.9% | 50,087,971 | -23% | 1.1% | $6,500,919,000 |
| VANGUARD GROUP INC | 4.5% | 33,017,205 | +2.1% | 0.06% | $4,287,878,379 |
| BANK OF MONTREAL /CAN/ | 3.9% | 28,165,528 | -1.2% | 1.5% | $3,657,868,742 |
| TD Asset Management Inc | 2.7% | 19,372,601 | +1.5% | 2% | $2,519,180,105 |
| CIBC WORLD MARKET INC. | 1.7% | 12,551,773 | +0.86% | 2.9% | $1,630,224,277 |
| NATIONAL BANK OF CANADA /FI/ | 1.5% | 11,003,421 | -2.2% | 1.5% | $1,428,139,178 |
| 1832 Asset Management L.P. | 1.4% | 10,417,243 | +64% | 1.7% | $1,352,053,969 |
| FIL Ltd | 1.3% | 9,445,162 | +15% | 0.92% | $1,226,622,073 |
| MACKENZIE FINANCIAL CORP | 1.3% | 9,293,270 | -2.3% | 1.4% | $1,210,413,883 |
| NORGES BANK | 1.1% | 8,156,958 | 0.11% | $1,059,319,907 | |
| GEODE CAPITAL MANAGEMENT, LLC | 0.97% | 7,030,219 | +6.7% | 0.06% | $932,242,334 |
| FMR LLC | 0.91% | 6,597,931 | -19% | 0.04% | $856,857,709 |
| TORONTO DOMINION BANK | 0.9% | 6,503,168 | +6.6% | 1.5% | $844,586,513 |
| CANADA PENSION PLAN INVESTMENT BOARD | 0.87% | 6,325,714 | +64% | 0.55% | $821,523,094 |
| CIBC Asset Management Inc | 0.86% | 6,237,739 | -14% | 2% | $814,500,126 |
| BANK OF NOVA SCOTIA | 0.82% | 5,965,369 | -6.4% | 1.1% | $774,680,915 |
| Caisse de depot et placement du Quebec | 0.75% | 5,419,567 | 0% | 1.2% | $704,751,281 |
| Beutel, Goodman & Co Ltd. | 0.69% | 4,990,717 | -7.4% | 4% | $648,983,000 |
| Legal & General Group Plc | 0.63% | 4,550,324 | +0.54% | 0.13% | $591,714,330 |
| Fiera Capital Corp | 0.55% | 3,981,598 | +0.36% | 1.6% | $517,250,830 |
| MORGAN STANLEY | 0.53% | 3,817,406 | +74% | 0.03% | $495,461,484 |
| DIMENSIONAL FUND ADVISORS LP | 0.49% | 3,588,944 | +0.88% | 0.1% | $465,815,326 |
| SCOTIA CAPITAL INC. | 0.49% | 3,577,883 | +0.17% | 1.9% | $464,503,152 |
| Federation des caisses Desjardins du Quebec | 0.47% | 3,377,840 | -1.5% | 1.7% | $438,798,546 |
| JPMORGAN CHASE & CO | 0.45% | 3,297,431 | -18% | 0.03% | $427,973,596 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 329,801,450 | $42,972,154,705 | -$794,666,368 | $129.79 | 597 |
| 2025 Q3 | 342,233,891 | $44,654,365,041 | -$687,338,257 | $130.25 | 573 |
| 2025 Q2 | 347,623,907 | $38,546,652,795 | +$1,455,469,688 | $110.63 | 556 |
| 2025 Q1 | 334,144,362 | $31,951,251,899 | -$685,727,870 | $95.51 | 548 |
| 2024 Q4 | 342,230,366 | $33,217,768,043 | +$521,874,318 | $97.05 | 524 |
| 2024 Q3 | 336,978,807 | $30,430,759,630 | -$1,093,141,367 | $90.20 | 463 |
| 2024 Q2 | 349,218,404 | $29,314,654,101 | -$22,022,868 | $83.85 | 466 |
| 2024 Q1 | 341,294,530 | $33,247,652,413 | +$96,833,002 | $97.68 | 482 |
| 2023 Q4 | 340,195,484 | $33,708,611,983 | +$576,197,680 | $98.94 | 480 |
| 2023 Q3 | 334,025,665 | $28,229,132,084 | +$658,836,654 | $84.37 | 447 |
| 2023 Q2 | 325,695,752 | $29,423,662,690 | +$276,387,832 | $90.31 | 458 |
| 2023 Q1 | 322,710,562 | $28,747,050,114 | +$172,404,867 | $89.11 | 459 |
| 2022 Q4 | 320,765,103 | $29,071,015,840 | +$1,970,758,112 | $90.60 | 460 |
| 2022 Q3 | 297,601,769 | $26,143,944,503 | +$512,888,826 | $87.65 | 439 |
| 2022 Q2 | 291,055,950 | $27,993,887,021 | +$665,499,733 | $96.16 | 468 |
| 2022 Q1 | 284,939,000 | $33,584,176,863 | +$2,243,756,332 | $117.96 | 489 |
| 2021 Q4 | 265,898,444 | $28,668,153,570 | -$730,411,811 | $107.72 | 469 |
| 2021 Q3 | 269,958,968 | $26,968,206,243 | +$81,961,661 | $99.73 | 443 |
| 2021 Q2 | 269,303,433 | $27,633,246,046 | +$106,627,161 | $102.56 | 429 |
| 2021 Q1 | 264,526,749 | $23,616,783,851 | -$227,675,187 | $89.12 | 392 |
| 2020 Q4 | 270,559,230 | $20,604,909,023 | +$911,358,457 | $76.02 | 389 |
| 2020 Q3 | 263,526,090 | $15,418,619,050 | +$655,550,102 | $58.41 | 337 |
| 2020 Q2 | 248,429,741 | $13,159,103,714 | -$1,126,007,592 | $53.05 | 359 |
| 2020 Q1 | 270,514,714 | $13,533,923,888 | +$132,260,950 | $50.26 | 372 |
| 2019 Q4 | 266,461,199 | $20,643,631,476 | -$835,394,450 | $77.50 | 423 |
| 2019 Q3 | 274,815,792 | $20,261,212,080 | +$228,997,496 | $73.74 | 414 |
| 2019 Q2 | 269,784,790 | $20,336,347,623 | -$483,269,360 | $75.45 | 429 |
| 2019 Q1 | 276,509,397 | $20,693,488,020 | -$421,429,754 | $74.82 | 437 |
| 2018 Q4 | 282,402,219 | $18,448,980,588 | -$477,788,306 | $65.35 | 419 |
| 2018 Q3 | 288,838,297 | $23,835,767,160 | +$392,113,275 | $82.51 | 435 |
| 2018 Q2 | 284,272,166 | $21,960,876,242 | -$319,871,483 | $77.26 | 422 |
| 2018 Q1 | 281,952,430 | $21,290,148,067 | -$36,105,681 | $75.57 | 411 |
| 2017 Q4 | 282,452,706 | $22,625,755,499 | +$747,779,078 | $80.02 | 414 |
| 2017 Q3 | 281,863,489 | $21,309,772,156 | +$69,922,952 | $75.70 | 380 |
| 2017 Q2 | 280,730,606 | $20,598,068,997 | -$2,382,843,670 | $73.44 | 380 |
| 2017 Q1 | 313,512,389 | $23,408,498,642 | +$68,225,699 | $74.78 | 402 |
| 2016 Q4 | 310,993,734 | $22,282,850,198 | -$22,214,153 | $71.92 | 384 |
| 2016 Q3 | 310,976,898 | $20,365,397,690 | +$57,145,600 | $65.57 | 361 |
| 2016 Q2 | 310,334,772 | $19,646,825,889 | +$572,394,537 | $63.39 | 362 |
| 2016 Q1 | 298,724,203 | $18,154,991,259 | -$412,932,202 | $60.69 | 346 |
| 2015 Q4 | 309,630,608 | $17,454,568,124 | +$62,876,493 | $56.42 | 339 |
| 2015 Q3 | 308,458,697 | $16,805,817,540 | +$165,703,473 | $54.54 | 334 |
| 2015 Q2 | 304,489,758 | $18,050,428,689 | -$224,380,907 | $59.28 | 337 |
| 2015 Q1 | 310,604,864 | $18,618,193,287 | +$221,504,421 | $59.97 | 336 |
| 2014 Q4 | 310,912,331 | $22,085,685,676 | +$318,127,645 | $70.73 | 365 |
| 2014 Q3 | 304,274,916 | $22,444,332,356 | +$388,500,915 | $73.62 | 352 |
| 2014 Q2 | 299,620,666 | $22,106,153,861 | +$135,944,550 | $73.60 | 357 |
| 2014 Q1 | 297,314,758 | $19,971,360,865 | +$242,197,765 | $67.01 | 346 |