Bank Of Montreal: which funds bought and sold

Institutions that bought and sold Bank Of Montreal shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 297 institutions that filed 13F reports for both quarters added to or opened positions in Bank Of Montreal, and 273 cut or closed them. Together they sold a net 1.0M shares, −0.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 3.0M shares (+10.9%); index fund managers were net buyers of 864K shares (+2.3%). 85 opened a new position and 62 sold out entirely.

Bought, Q2 2026 297 institutions, 85 of them new holders Sold, Q2 2026 273 institutions, 62 of them sold out

Net change, all compared −1.0M shares (−0.3%)

Net change, active managers +3.0M shares (+10.9%), 25 bought, 17 sold

Buyers versus sellers

institutions compared, 706

297 bought 136 273 sold

Active managers and hedge funds 25 bought · 17 sold · +3.0M

Index fund managers 6 bought · 2 sold · +864K

Other institutions 266 bought · 254 sold · −4.9M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	+2.2M +30.6%	9.5M	$1.7B
Connor, Clark & Lunn Investment Management Ltd.	+1.7M +83.7%	3.8M	$677M
Bessemer Group Inc	+1.4M +3406.4%	1.5M	$259M
Canada Pension Plan Investment Board	+1.0M +16.3%	7.3M	$1.3B
Fil Ltd Active manager	+835K +7.3%	12.3M	$2.2B
Picton Mahoney Asset Management	+708K +297.4%	946K	$167M
Morgan Stanley	+699K +31.7%	2.9M	$513M
Healthcare Of Ontario Pension Plan Trust Fund	+679K +19.4%	4.2M	$737M
Geode Capital Management, LLC Index funds	+662K +9.0%	8.0M	$1.5B
Two Sigma Investments, LP Hedge fund	+490K +2247.9%	512K	$90.4M
Polar Asset Management Partners Inc.	+450K New position	450K	$20.4M
Vanguard Global Advisers, LLC	+442K +8.9%	5.4M	$959M
British Columbia Investment Management Corp	+384K +43.2%	1.3M	$225M
Intact Investment Management Inc.	+237K +60.9%	627K	$111M
Susquehanna Fundamental Investments, LLC	+199K +222.9%	288K	$50.8M
Vanguard Capital Management LLC Index funds	+195K +1.0%	20.5M	$3.6B
Bank Of Nova Scotia	+173K +3.4%	5.2M	$920M
Vanguard Asset Management, Ltd	+171K +11.9%	1.6M	$283M
Cidel Asset Management Inc	+163K +125.1%	294K	$51.9M
APG Asset Management N.V.	+139K +37.7%	509K	$78.6M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	+2.2M +30.6%	9.5M	$1.7B
Fil Ltd Active manager	+835K +7.3%	12.3M	$2.2B
Two Sigma Investments, LP Hedge fund	+490K +2247.9%	512K	$90.4M
Lazard Asset Management LLC Active manager	+125K +4068.5%	129K	$22.7M
Quadrature Capital Ltd Hedge fund	+125K +1125.2%	136K	$24M
American Century Companies Inc Active manager	+110K +31.9%	452K	$79.9M
Brown Advisory Inc Active manager	+79K +3333.9%	81K	$14.4M
AQR Capital Management LLC Hedge fund	+35K +8.1%	469K	$82.9M
Capital World Investors Active manager	+26K New position	26K	$4.6M
Quantbot Technologies LP Hedge fund	+24K New position	24K	$4.3M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
TD Asset Management Inc	−3.9M −20.2%	15.2M	$2.7B
Bank Of America Corp	−1.0M −63.9%	589K	$104M
Van Eck Associates Corp	−786K −94.9%	43K	$7.5M
CIBC World Market Inc.	−775K −5.9%	12.4M	$2.2B
Jpmorgan Chase & Co	−670K −17.6%	3.1M	$554M
Federation Des Caisses Desjardins Du Quebec	−625K −15.6%	3.4M	$594M
Toronto Dominion Bank	−565K −9.1%	5.6M	$995M
Federated Hermes, Inc. Active manager	−556K −91.9%	49K	$8.6M
Invesco Ltd.	−502K −29.4%	1.2M	$213M
Barclays PLC	−495K −31.4%	1.1M	$192M
Royal Bank Of Canada	−430K −0.8%	52.2M	$9.2B
Beutel, Goodman & Co Ltd.	−406K −13.1%	2.7M	$476M
Legal & General Group PLC	−391K −8.5%	4.2M	$744M
National Bank Of Canada	−355K −3.3%	10.4M	$1.8B
1832 Asset Management L.P.	−296K −3.1%	9.3M	$1.6B
Fiera Capital Corp	−272K −7.8%	3.2M	$567M
Raymond James Financial Inc	−233K −72.0%	91K	$16.1M
Wells Fargo & Company	−232K −80.0%	58K	$10.2M
Envestnet Asset Management Inc	−203K −75.2%	67K	$11.8M
Value Partners Investments Inc.	−201K −45.6%	240K	$42.3M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Federated Hermes, Inc. Active manager	−556K −91.9%	49K	$8.6M
Letko, Brosseau & Associates Inc Active manager	−153K −9.7%	1.4M	$252M
D. E. Shaw & Co., Inc. Hedge fund	−108K −35.6%	195K	$34.4M
Millennium Management LLC Hedge fund	−105K −43.6%	137K	$24.1M
Qube Research & Technologies Ltd Hedge fund	−86K −40.2%	128K	$22.6M
Massachusetts Financial Services Co Active manager	−50K −3.7%	1.3M	$325M
Grantham, Mayo, Van Otterloo & Co. LLC Active manager	−37K −23.7%	120K	$21.2M
Citadel Advisors LLC Hedge fund	−36K −50.1%	35K	$6.3M
Trexquant Investment LP Hedge fund	−15K Sold out	0	—
Magnetar Financial LLC Hedge fund	−11K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Polar Asset Management Partners Inc.	450K	$20.4M
Australiansuper Pty Ltd	57K	$10M
Sig North Trading, Ulc	49K	$8.7M
Wealth Enhancement Advisory Services, LLC	44K	$7.9M
Manning & Napier Advisors LLC	35K	$6.2M
Fideuram Asset Management (Ireland) Dac	25K	$6.1M
Ethic Inc.	27K	$4.8M
Susquehanna International Group, LLP	26K	$4.6M
Capital World InvestorsActive manager	26K	$4.6M
Quantbot Technologies LPHedge fund	24K	$4.3M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Pbu - The Pension Fund Of Early Childhood & Youth Educators	153K	$20.7M
Peak6 LLC	44K	$5.9M
Y-Intercept (Hong Kong) Ltd	43K	$5.8M
Erste Asset Management Gmbh	30K	$4M
Susquehanna Advisors Group, Inc.	24K	$3.2M
Murchinson Ltd.	20K	$2.7M
Numerai Gp LLC	20K	$2.7M
Vise Technologies, Inc.	17K	$2.2M
Trexquant Investment LPHedge fund	15K	$2M
Dynamic Technology Lab Private Ltd	11K	$1.6M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 652
Ten largest holders: 53.3%
Index fund managers: 11.3%
Active managers and hedge funds: 9.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	25	17	6	6	+3.0M	+10.9%
Index fund managers	6	2	0	0	+864K	+2.3%
Other institutions	266	254	79	56	−4.9M	−1.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Bank Of Montreal.

Only managers that filed a holdings report for both quarters are compared (706 here). 20 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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