Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in BMO held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 58.5M | $7.92B | +3.9% | 8.359% | 1.39% |
| 2 | BANK OF MONTREAL /CAN/ | 28.5M | $3.86B | -0.1% | 4.070% | 1.46% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 20.3M | $2.75B | — | 2.896% | 0.07% |
| 4 | TD ASSET MANAGEMENT INC | 19.1M | $2.58B | -1.5% | 2.725% | 2.09% |
| 5 | CIBC World Markets Inc. | 13.2M | $1.79B | +0.0% | 1.886% | 2.92% |
| 6 | FIL Ltd | 11.5M | $1.56B | +21.7% | 1.641% | 1.21% |
| 7 | NATIONAL BANK OF CANADA /FI/ | 10.8M | $1.45B | -2.2% | 1.536% | 1.49% |
| 8 | 1832 Asset Management L.P. | 9.6M | $1.30B | -7.8% | 1.371% | 1.72% |
| 9 | MACKENZIE FINANCIAL CORP | 8.6M | $1.16B | -7.6% | 1.225% | 1.39% |
| 10 | TORONTO DOMINION BANK | 8.0M | $1.08B | -4.3% | 1.137% | 1.55% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 7.3M | $1.02B | +4.0% | 1.044% | 0.06% |
| 12 | FMR LLC | 7.3M | $987.8M | +10.5% | 1.041% | 0.05% |
| 13 | CIBC Asset Management Inc | 6.8M | $920.5M | +8.7% | 0.968% | 2.25% |
| 14 | TD Waterhouse Canada Inc. | 6.2M | $848.6M | +168.8% | 0.889% | 2.52% |
| 15 | CANADA PENSION PLAN INVESTMENT BOARD | 6.2M | $845.2M | -1.4% | 0.891% | 0.55% |
| 16 | VANGUARD FIDUCIARY TRUST CO | 6.2M | $844.6M | — | 0.890% | 0.22% |
| 17 | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 5.4M | $731.7M | 0.0% | 0.774% | 1.17% |
| 18 | BANK OF NOVA SCOTIA | 5.0M | $681.5M | -15.6% | 0.719% | 1.19% |
| 19 | Vanguard Global Advisers, LLC | 5.0M | $675.1M | — | 0.712% | 0.36% |
| 20 | Legal & General Group Plc | 4.6M | $621.5M | +1.2% | 0.657% | 0.14% |
| 21 | Federation des caisses Desjardins du Quebec | 4.0M | $536.9M | +18.4% | 0.571% | 1.93% |
| 22 | DIMENSIONAL FUND ADVISORS LP | 3.7M | $499.2M | +2.8% | 0.527% | 0.10% |
| 23 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 3.5M | $473.3M | +7.0% | 0.499% | 0.77% |
| 24 | Fiera Capital Corp | 3.5M | $471.4M | -12.4% | 0.498% | 1.61% |
| 25 | SCOTIA CAPITAL INC. | 3.5M | $466.0M | -3.3% | 0.494% | 1.92% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BMO — a direct measure of their conviction.
Filings activity in BMO during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new BMO position in Q1 2026
Institutions that fully closed their BMO position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 619 | +3.5% | 37.45% | +0.42 pp | $44.15B | +1.1% |
| Q4 2025 | 598 | +5.5% | 37.03% | 0.96 pp | $43.65B | 2.5% |
| Q3 2025 | 567 | +3.3% | 37.99% | +3.90 pp | $44.78B | +11% |
| Q2 2025 | 549 | +1.9% | 34.09% | +6.54 pp | $40.19B | +24% |
| Q1 2025 | 539 | +3.7% | 27.55% | 0.02 pp | $32.47B | 0.1% |
| Q4 2024 | 520 | +14% | 27.57% | +2.74 pp | $32.50B | +11% |
| Q3 2024 | 458 | 0.2% | 24.83% | 148.13 pp | $29.27B | 86% |
| Q2 2024 | 459 | — | 172.96% | — | $203.89B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying BMO stock.
Based on Q1 2026 13F filings, institutional ownership of Bank of Montreal stands at 37.5%, held across 619 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of BMO, with approximately 58,547,042 shares worth $7.92B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of BMO.
Our composite Smart Money Score for BMO is 45 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
83 institutions opened new positions in BMO during Q1 2026, while 62 fully exited. 387 added to existing positions and 143 trimmed.
BMO institutional ownership rose by 0.42 percentage points quarter-over-quarter, with a net change of +21 holders.
The top 10 institutions account for 57.6% of all reported 13F value in BMO, and the top 25 account for 81.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Bank of Montreal (BMO) Institutional Ownership