Who owns BMO (BMO)
Which tracked institutional funds hold BMO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BMO company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
152 tracked funds added or opened BMO while 109 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BMO’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 1.4% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 1.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BMO divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 635 tracked filers holding BMO, 285 increased or opened the position and 268 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BMO between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 29
- VANGUARD CAPITAL MANAGEMENT LLC$2.7B
- VANGUARD FIDUCIARY TRUST CO$845M
- Vanguard Global Advisers, LLC$675M
- VANGUARD ASSET MANAGEMENT, Ltd$194M
- Zurich Insurance Group Ltd/FI$72M
- Vanguard Investments Australia, Ltd.$48M
Full exits 31
- VANGUARD GROUP INC$4.3B
- FORSTA AP-FONDEN$23M
- Skandinaviska Enskilda Banken AB (publ)$22M
- RENAISSANCE TECHNOLOGIES LLC$21M
- FNY Investment Advisers, LLC$14M
- TWO SIGMA ADVISERS, LP$7M
Largest adds
- ROYAL BANK OF CANADA$618M
- TD Waterhouse Canada Inc.$548M
- FIL Ltd$330M
- BARCLAYS PLC$210M
- CIBC WORLD MARKET INC.$155M
- BANK OF MONTREAL /CAN/$135M
Largest trims
- Beutel, Goodman & Co Ltd.$230M
- MORGAN STANLEY$197M
- D. E. Shaw & Co., Inc.$145M
- BANK OF NOVA SCOTIA$93M
- BANK OF AMERICA CORP /DE/$91M
- NORGES BANK$65M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ROYAL BANK OF CANADA added | 52,598,042 | $7.1B | 15.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 20,280,840 | $2.7B | 6.0% | 2026-Q1 |
| TD Asset Management Inc trimmed | 19,086,601 | $2.6B | 5.7% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 13,185,798 | $1.8B | 3.9% | 2026-Q1 |
| FIL Ltd added | 11,494,233 | $1.6B | 3.4% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 10,760,298 | $1.5B | 3.2% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 9,599,929 | $1.3B | 2.9% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 8,582,188 | $1.2B | 2.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 7,312,069 | $1.0B | 2.2% | 2026-Q1 |
| NORGES BANK added | 10,406,807 | $994M | 2.2% | 2026-Q1 |
| FMR LLC added | 7,282,240 | $986M | 2.2% | 2026-Q1 |
| CIBC Asset Management Inc added | 6,780,318 | $920M | 2.0% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 6,227,516 | $849M | 1.9% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 6,238,876 | $845M | 1.9% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 6,235,690 | $845M | 1.9% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 6,197,393 | $840M | 1.8% | 2026-Q1 |
| Caisse de depot et placement du Quebec | 5,419,567 | $732M | 1.6% | 2026-Q1 |
| BANK OF NOVA SCOTIA trimmed | 5,032,483 | $681M | 1.5% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 4,984,278 | $675M | 1.5% | 2026-Q1 |
| Legal & General Group Plc added | 4,603,151 | $621M | 1.4% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 3,998,880 | $537M | 1.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 3,815,570 | $502M | 1.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 3,688,644 | $499M | 1.1% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 3,495,672 | $473M | 1.0% | 2026-Q1 |
| Fiera Capital Corp trimmed | 3,486,620 | $471M | 1.0% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 3,461,718 | $466M | 1.0% | 2026-Q1 |
| Beutel, Goodman & Co Ltd. trimmed | 3,101,868 | $419M | 0.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,588,821 | $350M | 0.8% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 2,434,845 | $329M | 0.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,203,613 | $298M | 0.7% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 2,090,424 | $283M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,003,979 | $271M | 0.6% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 1,351,314 | $254M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,631,276 | $221M | 0.5% | 2026-Q1 |
| Invesco Ltd. added | 1,596,788 | $216M | 0.5% | 2026-Q1 |
| BARCLAYS PLC added | 1,579,728 | $214M | 0.5% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 1,580,030 | $213M | 0.5% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 1,430,284 | $194M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 1,302,564 | $176M | 0.4% | 2026-Q1 |
| Newport Trust Company, LLC trimmed | 1,297,365 | $176M | 0.4% | 2026-Q1 |
| OMERS ADMINISTRATION Corp trimmed | 1,220,655 | $165M | 0.4% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 1,195,281 | $161M | 0.4% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 1,132,160 | $152M | 0.3% | 2026-Q1 |
| Amundi trimmed | 1,105,043 | $152M | 0.3% | 2026-Q1 |
| Public Sector Pension Investment Board added | 1,115,513 | $151M | 0.3% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 1,047,567 | $142M | 0.3% | 2026-Q1 |
| Cardinal Capital Management, Inc. added | 1,004,527 | $136M | 0.3% | 2026-Q1 |
| Aviso Financial Inc. trimmed | 999,301 | $135M | 0.3% | 2026-Q1 |
| Addenda Capital Inc. trimmed | 674,068 | $127M | 0.3% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed | 887,637 | $120M | 0.3% | 2026-Q1 |
| Alberta Investment Management Corp trimmed | 842,168 | $114M | 0.3% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 828,183 | $112M | 0.2% | 2026-Q1 |
| UBS Group AG added | 817,006 | $111M | 0.2% | 2026-Q1 |
| BlackRock, Inc. added | 718,490 | $97M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 710,262 | $96M | 0.2% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 680,673 | $92M | 0.2% | 2026-Q1 |
| BCV Asset Management Inc. added | 655,741 | $89M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 627,242 | $85M | 0.2% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 604,552 | $82M | 0.2% | 2026-Q1 |
| Scheer, Rowlett & Associates Investment Management Ltd. added | 596,325 | $81M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 564,957 | $76M | 0.2% | 2026-Q1 |
| Hillsdale Investment Management Inc. added | 543,809 | $74M | 0.2% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 448,932 | $72M | 0.2% | 2026-Q1 |
| Zurich Insurance Group Ltd/FI added | 533,308 | $72M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 529,838 | $72M | 0.2% | 2026-Q1 |
| BANK OF NOVA SCOTIA TRUST CO trimmed | 496,009 | $67M | 0.1% | 2026-Q1 |
| Value Partners Investments Inc. trimmed | 440,552 | $60M | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 433,208 | $58M | 0.1% | 2026-Q1 |
| CITIGROUP INC trimmed | 423,209 | $57M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury added | 402,401 | $54M | 0.1% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. added | 389,505 | $53M | 0.1% | 2026-Q1 |
| Korea Investment CORP trimmed | 390,255 | $53M | 0.1% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 379,414 | $51M | 0.1% | 2026-Q1 |
| Guardian Partners Inc. trimmed | 368,162 | $50M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 365,098 | $49M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 352,123 | $48M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 344,903 | $47M | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 342,798 | $46M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 336,837 | $45M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 324,227 | $44M | 0.1% | 2026-Q1 |
| APG Asset Management N.V. added | 369,439 | $43M | 0.1% | 2026-Q1 |
| Purpose Unlimited Inc. added | 318,347 | $43M | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 309,417 | $42M | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 302,103 | $41M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 290,295 | $39M | 0.1% | 2026-Q1 |
| LPL Financial LLC trimmed | 289,549 | $39M | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 272,416 | $37M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 270,468 | $37M | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 248,353 | $34M | 0.1% | 2026-Q1 |
| Candriam S.C.A. added | 244,022 | $33M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 241,982 | $33M | 0.1% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 237,936 | $32M | 0.1% | 2026-Q1 |
| Capital Wealth Planning, LLC added | 234,353 | $32M | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 213,430 | $29M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 210,007 | $28M | 0.1% | 2026-Q1 |
| MONTRUSCO BOLTON INVESTMENTS INC. trimmed | 204,967 | $28M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 33,017,205 | $4.3B | 9.4% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd trimmed | 5,833,830 | $760M | 1.7% | 2025-Q3 stale |
| Nearwater Capital Markets, Ltd new | 485,000 | $63M | 0.1% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.