Bank of Montreal
DE ˙ DB ˙ CA0636711016
141,68 € ↑2,84 (2,05%)
2026-06-03
DEL PRIS
SecurityDE:BZZ / Bank of Montreal
InstitutionNorges Bank
Latest Disclosed Ownership8,156,958 shares
Latest Disclosed Value $ 1,059,319,907
Norges Bank ownership in BZZ / Bank of Montreal

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 8,156,958 shares of Bank of Montreal (DE:BZZ) valued at $905,014,490 USD as of December 31, 2025. The current value of the position is $1,155,677,809 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-10 2025-12-31 13F BANK MONTREAL QUE COM 063671101 8,156,958 8,156,958 1,059,320 0.1133
2025-11-13 2025-09-30 13F BANK MONTREAL QUE COM 063671101 0 -10,679,880 -100.00 0 -100.00
2025-08-13 2025-06-30 13F BANK MONTREAL QUE COM 063671101 10,679,880 273,073 2.62 1,184,220 19.14 0.1478
2026-05-11 2025-03-31 13F/A-1 BANK MONTREAL QUE COM 063671101 10,406,807 -57,714 -0.55 993,949 -2.04 0.1395
2025-02-12 2024-12-31 13F BANK MONTREAL QUE COM 063671101 10,464,521 15,035 0.14 1,014,633 7.62 0.1331
2025-11-12 2024-09-30 13F/A-1 BANK MONTREAL QUE COM 063671101 10,449,486 1,813,547 21.00 942,801 30.05 0.1317
2024-08-14 2024-06-30 13F BANK MONTREAL QUE COM 063671101 8,635,939 1,273,567 17.30 724,937 0.81 0.1083
2025-05-14 2024-03-31 13F/A-1 BANK MONTREAL QUE COM 063671101 7,362,372 -850,212 -10.35 719,137 -11.51 0.1135
2024-02-09 2023-12-31 13F BANK MONTREAL QUE COM 063671101 8,212,584 746,874 10.00 812,644 29.04 0.1420
2024-11-13 2023-09-30 13F/A-1 BANK MONTREAL QUE COM 063671101 7,465,710 196,289 2.70 629,769 -4.06 0.1278
2024-08-14 2023-06-30 13F/A-1 BANK MONTREAL QUE COM 063671101 7,269,421 1,073,936 17.33 656,414 18.95 0.1295
2024-05-15 2023-03-31 13F/A-1 BANK MONTREAL QUE COM 063671101 6,195,485 -1,694 -0.03 551,830 -1.71 0.1208
2023-02-14 2022-12-31 13F BANK MONTREAL QUE COM 063671101 6,197,179 512,998 9.03 561,431 12.83 0.1353
2023-11-13 2022-09-30 13F/A-1 BANK MONTREAL QUE COM 063671101 5,684,181 39,656 0.70 497,601 -8.32 0.1323
2023-08-14 2022-06-30 13F/A-1 BANK MONTREAL QUE COM 063671101 5,644,525 -317,753 -5.33 542,763 -22.63 0.1403
2023-05-12 2022-03-31 13F/A-1 BANK MONTREAL QUE COM 063671101 5,962,278 -226,984 -3.67 701,557 5.20 0.1529
2022-03-09 2021-12-31 13F/A-1 BANK MONTREAL QUE COM 063671101 6,189,262 -988,555 -13.77 666,860 -6.83 0.1371
2022-11-14 2021-09-30 13F/A-1 BANK MONTREAL QUE COM 063671101 7,177,817 106,466 1.51 715,737 -1.24 0.1584
2022-08-15 2021-06-30 13F/A-1 BANK MONTREAL QUE COM 063671101 7,071,351 -83,480 -1.17 724,732 13.65 0.1571
2022-05-09 2021-03-31 13F/A-1 BANK MONTREAL QUE COM 063671101 7,154,831 -196,756 -2.68 637,714 14.10 0.1460
2021-03-02 2020-12-31 13F/A-1 BANK MONTREAL QUE COM 063671101 7,351,587 1,012,018 15.96 558,908 53.73 0.1305
2021-11-12 2020-09-30 13F/A-1 BANK MONTREAL QUE COM 063671101 6,339,569 673,634 11.89 363,570 23.27 0.0966
2021-08-13 2020-06-30 13F/A-1 BANK MONTREAL QUE COM 063671101 5,665,935 -340,203 -5.66 294,947 -0.53 0.0849
2021-05-07 2020-03-31 13F/A-1 BANK MONTREAL COM 063671101 6,006,138 -350,650 -5.52 296,526 -38.78 0.1057
2020-03-03 2019-12-31 13F/A-1 BANK MONTREAL QUE COM 063671101 6,356,788 0 0.00 484,328 3.37 0.1351
2020-11-13 2019-09-30 13F/A-1 BANK OF MONTREAL COM 063671101 6,356,788 0 0.00 468,524 -2.61 0.1435
2020-08-13 2019-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 6,356,788 121,206 1.94 481,086 3.08 0.1487
2020-05-11 2019-03-31 13F/A-2 BANK OF MONTREAL COM 063671101 6,235,582 31,739 0.51 466,694 15.19 0.1508
2019-03-04 2018-12-31 13F/A-1 BANK OF MONTREAL COM 063671101 6,203,843 -757,947 -10.89 405,149 -29.40 0.1507
2019-12-02 2018-09-30 13F/A-3 BANK OF MONTREAL COM 063671101 6,961,790 -88,809 -1.26 573,863 5.36 0.1864
2019-12-02 2018-09-30 13F/A-2 BANK OF MONTREAL COM 063671101 6,961,790 -88,809 573,863 0.1864
2019-11-12 2018-09-30 13F/A-1 BANK OF MONTREAL COM 063671101 6,961,790 -88,809 573,863 0.1864
2019-08-12 2018-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 7,050,599 735,763 11.65 544,671 14.25 0.1870
2019-05-15 2018-03-31 13F/A-2 BANK OF MONTREAL COM 063671101 6,314,836 230,963 3.80 476,720 -2.37 0.1725
2018-03-05 2017-12-31 13F/A-1 BANK OF MONTREAL COM 063671101 6,083,873 57,680 0.96 488,305 7.30 0.1750
2018-11-13 2017-09-30 13F/A-1 BANK OF MONTREAL COM 063671101 6,026,193 0 0.00 455,103 2.99 0.1727
2018-07-24 2017-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 6,026,193 271,159 4.71 441,895 3.06 0.1754
2018-05-11 2017-03-31 13F/A-1 BANK OF MONTREAL COM 063671101 5,755,034 -169,546 -2.86 428,779 0.51 0.1759
2017-03-02 2016-12-31 13F/A-1 BANK OF MONTREAL COM 063671101 5,924,580 3,673 0.06 426,590 15.30 0.1864
2017-11-13 2016-09-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,920,907 -165,186 -2.71 369,991 -3.69 0.1749
2017-08-09 2016-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 6,086,093 -181,820 -2.90 384,177 0.55 0.1825
2017-05-10 2016-03-31 13F/A-1 BANK OF MONTREAL COM 063671101 6,267,913 0 0.00 382,061 8.41 0.1879
2016-04-18 2015-12-31 13F/A-2 BANK OF MONTREAL COM 063671101 6,267,913 121,341 1.97 352,413 5.58 0.1752
2016-03-16 2015-12-31 13F/A-1 BANK OF MONTREAL COM 063671101 6,267,913 0 352,413 0.1767
2016-11-14 2015-09-30 13F/A-2 BANK OF MONTREAL COM 063671101 6,146,572 216,735 3.65 333,792 -5.05 0.1749
2016-08-12 2015-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,929,837 0 0.00 351,529 -1.09 0.1757
2016-05-13 2015-03-31 13F/A-1 BANK OF MONTREAL COM 063671101 5,929,837 347,597 6.23 355,388 -10.25 0.1741
2015-03-19 2014-12-31 13F/A-1 BANK OF MONTREAL COM 063671101 5,582,240 -211,817 395,967 0.2020
2016-04-18 2014-12-31 13F/A-2 BANK OF MONTREAL COM 063671101 5,582,240 -211,817 -3.66 395,967 -7.33 0.2012
2015-11-12 2014-09-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,794,057 -9,560 -0.16 427,301 -0.18 0.2315
2015-08-10 2014-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,803,617 29,059 0.50 428,067 10.63 0.2310
2015-05-12 2014-03-31 13F/A-1 BANK OF MONTREAL COM 063671101 5,774,558 167,135 2.98 386,942 3.54 0.2183
2014-03-07 2013-12-31 13F/A-1 BANK OF MONTREAL COM 063671101 5,607,423 -253,039 373,712 0.2286
2014-03-20 2013-12-31 13F/A-2 BANK OF MONTREAL COM 063671101 5,607,423 0 373,712 0.2199
2014-05-12 2013-12-31 13F/A-3 BANK OF MONTREAL COM 063671101 5,607,423 -253,039 -4.32 373,712 -4.65 0.2152
2014-11-14 2013-09-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,860,462 156,646 2.75 391,941 18.80 0.2287
2014-08-14 2013-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,703,816 49,596 0.88 329,907 -7.29 0.2049
2014-04-04 2013-03-31 13F/A-1 BANK OF MONTREAL COM 063671101 5,654,220 398,400 355,861 0.2358
2014-05-12 2013-03-31 13F/A-2 BANK OF MONTREAL COM 063671101 5,654,220 398,400 7.58 355,861 14.67 0.2308
2013-11-14 2012-09-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,255,820 105,666 2.05 310,341 5.16 0.2092
2013-08-15 2012-06-30 13F/A-1 BANK OF MONTREAL COM 063671101 5,150,154 5,150,154 295,103 0.2367
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.