BMO
Bank of Montreal · Financial Services · Banks - Diversified
Momentum inputs (comparable managers):
holder breadth -11.8% ·
share flow +5.9% ·
net new positions -20.0%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 117 | -2 | 280.96M | $50.42B | +4 | −5 |
| Q1 2026 | 120 | 0 | 274.28M | $37.21B | +7 | −8 |
| Q4 2025 | 120 | +2 | 289.77M | $37.67B | +3 | — |
| Q3 2025 | 15 | -2 | 63.09M | $8.24B | +1 | −4 |
| Q2 2025 | 15 | -1 | 56.55M | $6.28B | +1 | −2 |
| Q1 2025 | 13 | +2 | 16.78M | $1.61B | +3 | −1 |
| Q4 2024 | 11 | 0 | 17.49M | $1.70B | +1 | −1 |
| Q3 2024 | 10 | +2 | 17.18M | $1.55B | +2 | — |
| Q2 2024 | 8 | — | 13.10M | $1.10B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 32.34M | +0.5% | $4.21B | 0.1% | ▲ Add | 2 | SEC ↗ ×5 |
| 2 | Fidelity (FMR) ✦ | 8.10M | +66.9% | $1.06B | 0.1% | ▲ Add | 2 | SEC ↗ ×4 |
| 3 | JPMorgan Chase ✦ | 8.07M | — | $1.05B | 0.0% | n/c | 1 | SEC ↗ ×24 |
| 4 | Geode Capital Management ✦ (passive) | 6.59M | +12.8% | $873.47M | 0.1% | ▲ Add | 6 | SEC ↗ ×2 |
| 5 | Goldman Sachs Group ✦ | 3.44M | — | $448.68M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 6 | Morgan Stanley ✦ | 2.19M | — | $285.13M | 0.0% | n/c | 1 | SEC ↗ ×9 |
| 7 | D. E. Shaw & Co. ✦ | 1.14M | -18.7% | $147.85M | 0.1% | ▼ Trim | 6 | SEC ↗ ×2 |
| 8 | BlackRock ✦ (passive) | 641.18K | +7.8% | $83.51M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 9 | Renaissance Technologies ✦ | 247.79K | +20.4% | $32.28M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | Two Sigma Investments ✦ | 154.44K | -75.3% | $20.12M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 11 | Wellington Management ✦ | 98.33K | -6.1% | $12.82M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 12 | AQR Capital Management ✦ | 45.97K | +161.8% | $5.99M | 0.0% | ▲ Add | 4 | SEC ↗ ×4 |
| 13 | Millennium Management ✦ | 18.42K | New | $2.40M | 0.0% | New | 1 | SEC ↗ |
| 14 | State Street Global Advisors ✦ (passive) | 11.46K | -0.6% | $1.49M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 15 | Bridgewater Associates ✦ | 5.17K | +120.1% | $673,709 | 0.0% | ▲ Add | 3 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Millennium Management | $2.40M | 0.0% |
Exited
| Norges Bank | $1.18B | was 0.1% |
| Capital World Investors | $1.08M | was 0.0% |
| Arrowstreet Capital | $1.02M | was 0.0% |
| Marshall Wace | $728,167 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 632 holders, 323.62M shares, $43.04B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.