Fund HoldingsBANK OF MONTREAL /CAN/

Total Portfolio Value
$245.17B
Total Bought
$28.83B
Total Sold
$51.12B
Net Transaction
-$22.28B
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
ISHARES TR(Put)07,894,300+7,894,30001,957,786+1,957,786
AMAZON COM INC(AMZN)(Put)04,972,600+4,972,60001,035,643+1,035,643
BURFORD CAPITAL LIMITED
ORD SHS
07,366,851+7,366,85106,878,3152.81%+6,878,315
SUNCOR ENERGY INC NEW(SU)36,513,62836,475,558-38,0701,620,6742,413,0220.98%+792,349
CANADIAN NAT RES LTD MED TER(CNQ)063,903,165+63,903,16503,117,8891.27%+3,117,889
TC ENERGY CORP(TRP)49,403,28954,319,175+4,915,8862,720,4673,402,0881.39%+681,621
ISHARES TR(Put)3,150,40010,997,900+7,847,500274,589953,408+678,819
STATE STR SPDR S&P 500 ETF T(SPY)(Call)1,591,4002,603,200+1,011,8001,085,2071,692,965+607,758
MICROSOFT CORP(MSFT)(Put)01,702,300+1,702,3000630,140+630,140
ISHARES TR(Call)3,330,4005,491,700+2,161,300819,8111,361,942+542,130
AGNICO EAGLE MINES LTD(AEM)010,369,783+10,369,78302,105,2930.86%+2,105,293
TORONTO DOMINION BK ONT(TD)69,777,90675,336,464+5,558,5586,576,5587,037,2932.87%+460,735
ENBRIDGE INC(ENB)057,204,190+57,204,19003,101,5671.27%+3,101,567
SELECT SECTOR SPDR TR(Call)
ST STR MATER ETF
08,700,500+8,700,5000434,764+434,764
ISHARES TR015,673,327+15,673,32701,358,7210.55%+1,358,721
VANECK ETF TRUST
GOLD MINERS ETF
19,417,09522,575,083+3,157,9881,665,4042,071,7150.85%+406,311
ASTRAZENECA PLC(AZN)01,926,315+1,926,3150379,9080.15%+379,908
ISHARES TR
CORE MSCI EAFE
016,514,199+16,514,19901,495,0300.61%+1,495,030
SPDR SERIES TRUST(Put)
ST STR SP REGBNK
06,301,800+6,301,8000410,562+410,562
SPDR SERIES TRUST(Put)
ST STR SP BANK
2,001,3008,001,300+6,000,000121,459476,477+355,019
SPDR SERIES TRUST(Call)
ST STR SP REGBNK
2,076,8007,421,800+5,345,000134,597483,530+348,933
BARRICK MNG CORP(B)24,296,48333,770,967+9,474,4841,058,4071,380,3790.56%+321,972
ELBIT SYS LTD(ESLT)012,554+12,55401,048,6350.43%+1,048,635
VISA INC(V)06,151,733+6,151,73301,859,3000.76%+1,859,300
WHEATON PRECIOUS METALS CORP(WPM)08,596,293+8,596,29301,128,5900.46%+1,128,590
HARTFORD FDS EXCHANGE TRADED
TOTAL RTRN ETF
08,664,503+8,664,5030292,3400.12%+292,340
NETFLIX INC.(NFLX)(Put)03,193,100+3,193,1000307,017+307,017
NETFLIX INC.(NFLX)026,578,254+26,578,25402,555,4991.04%+2,555,499
NVIDIA CORPORATION(NVDA)(Put)13,592,20016,044,000+2,451,8002,534,9452,798,074+263,128
MICRON TECHNOLOGY INC(MU)2,639,1382,928,537+289,399753,236989,3770.40%+236,141
MPLX LP(MPLX)04,027,427+4,027,4270229,8450.09%+229,845
SPDR SERIES TRUST
ST STR SP REGBNK
03,574,230+3,574,2300232,8610.09%+232,861
SHELL PLC(SHEL)03,862,524+3,862,5240359,2150.15%+359,215
CENOVUS ENERGY INC(CVE)023,398,286+23,398,2860621,1120.25%+621,112
VANGUARD TAX-MANAGED FDS04,719,883+4,719,8830302,4500.12%+302,450
WESTERN DIGITAL CORP(WDC)01,405,042+1,405,0420380,0500.16%+380,050
BP PLC(BP)04,621,966+4,621,9660217,2320.09%+217,232
EXXON MOBIL CORP05,086,595+5,086,5950862,9920.35%+862,992
AT&T INC(T)017,451,384+17,451,3840505,9160.21%+505,916
WALMART INC(WMT)12,168,50912,370,331+201,8221,355,6941,537,3850.63%+181,691
GLOBAL X FDS
DEFENSE TECH ETF
02,778,058+2,778,0580196,7980.08%+196,798
FRANCO NEV CORP(FNV)05,108,197+5,108,19701,265,0810.52%+1,265,081
SEAGATE TECHNOLOGY HLDNGS PL
ORD SHS
794,0431,008,491+214,448218,672395,0860.16%+176,415
ISHARES TR(Call)02,049,200+2,049,2000177,645+177,645
CAMECO CORP(CCJ)06,008,985+6,008,9850653,5920.27%+653,592
SELECT SECTOR SPDR TR
ST STR ENERG ETF
3,815,6005,577,903+1,762,303170,595341,7020.14%+171,107
VERIZON COMMUNICATIONS INC(VZ)010,899,504+10,899,5040547,1550.22%+547,155
ISHARES INC
CORE MSCI EMKT
09,020,598+9,020,5980629,1870.26%+629,187
ISHARES TR(Call)
MSCI INDIA ETF
03,363,900+3,363,9000157,565+157,565
LOCKHEED MARTIN CORP(LMT)0807,427+807,4270488,0010.20%+488,001
LAM RESEARCH CORP(LRCX)02,021,976+2,021,9760432,0160.18%+432,016
PINNACLE FINL PARTNERS INC(PNFP)01,689,737+1,689,7370145,5540.06%+145,554
VANECK ETF TRUST
JUNIOR GOLD MINE
5,038,2945,987,551+949,257573,257718,7460.29%+145,489
ISHARES TR(Put)04,427,500+4,427,5000352,252+352,252
LUMENTUM HLDGS INC(LITE)0268,025+268,0250188,3570.08%+188,357
ANALOG DEVICES INC(ADI)0439,111+439,1110139,6990.06%+139,699
LUMENTUM HLDGS INC(LITE)0000295,8230.12%+295,823
BANK MONTREAL MEDIUM027,997,338+27,997,33803,792,8721.55%+3,792,872
CHEVRON CORPORATION(CVX)02,671,012+2,671,0120552,6320.23%+552,632
ISHARES TR
RUSEL 2500 ETF
01,730,215+1,730,2150132,1020.05%+132,102
GSK PLC(GSK)04,639,799+4,639,7990256,0710.10%+256,071
ISHARES SILVER TR(SLV)(Call)01,880,000+1,880,0000128,103+128,103
GE VERNOVA INC(GEV)0463,860+463,8600404,9030.17%+404,903
TECK RESOURCES LTD(TECK)07,386,337+7,386,3370382,9030.16%+382,903
LINDE PLC(LIN)01,040,790+1,040,7900515,9820.21%+515,982
IMPERIAL OIL LTD(IMO)02,703,378+2,703,3780354,1630.14%+354,163
ISHARES INC
MSCI JAPAN ETF
1,798,7533,029,092+1,230,339145,231255,7770.10%+110,545
FORTIS INC(FTS)024,783,969+24,783,96901,382,9710.56%+1,382,971
ISHARES SILVER TR(SLV)(Put)01,405,000+1,405,000095,737+95,737
WESTERN DIGITAL CORP(WDC)0000225,0530.09%+225,053
PHILIP MORRIS INTL INC(PM)02,510,786+2,510,7860415,1330.17%+415,133
VALE S A07,082,535+7,082,5350112,6830.05%+112,683
SEMPRA(SRE)01,662,356+1,662,3560161,5310.07%+161,531
KINROSS GOLD CORP(KGC)012,738,273+12,738,2730389,5210.16%+389,521
SPDR SERIES TRUST
ST STR SP BIOT
0834,630+834,6300106,6070.04%+106,607
AMAZON COM INC(AMZN)024,640,996+24,640,99605,131,9802.09%+5,131,980
ALBEMARLE CORP01,200,000+1,200,000086,2200.04%+86,220
NISOURCE INC(NI)03,393,371+3,393,3710158,3350.06%+158,335
WASTE MGMT INC DEL(WM)01,857,148+1,857,1480426,7540.17%+426,754
WAYSTAR HLDG CORP(WAY)03,453,757+3,453,757083,2700.03%+83,270
VERRA MOBILITY CORP05,789,907+5,789,907082,7380.03%+82,738
SELECT SECTOR SPDR TR(Put)
ST STR ENERG ETF
01,320,000+1,320,000080,863+80,863
BRIGHT HORIZONS FAM SOL IN D(BFAM)0973,707+973,707079,9710.03%+79,971
SELECT SECTOR SPDR TR
ST STR INDL ETF
1,398,4131,829,718+431,305216,922295,9200.12%+78,998
RYAN SPECIALTY HOLDINGS INC(RYAN)02,287,875+2,287,875077,1930.03%+77,193
CATERPILLAR INC(CAT)757,187717,839-39,348433,770508,5600.21%+74,790
VANECK ETF TRUST(Put)
GOLD MINERS ETF
1,847,9002,520,000+672,100158,494231,260+72,766
DOMINION ENERGY INC(D)03,357,665+3,357,6650207,5710.08%+207,571
ISHARES TR(Put)0213,000+213,000070,005+70,005
ALPHABET INC(GOOG)(Put)427,000707,900+280,900133,651203,564+69,913
COSTAR GROUP INC(CSGP)02,487,715+2,487,7150100,3540.04%+100,354
HDFC BANK LTD(HDB)02,997,676+2,997,676074,5820.03%+74,582
INVESCO EXCHANGE TRADED FD T
S&P500 EQL WGT
0613,555+613,5550117,7540.05%+117,754
GILEAD SCIENCES INC(GILD)03,549,224+3,549,2240494,6550.20%+494,655
ISHARES TR0245,454+245,454080,6710.03%+80,671
DIAMONDBACK ENERGY INC(FANG)0517,397+517,3970102,3360.04%+102,336
VANGUARD SCOTTSDALE FDS
VNG RUS2000IDX
0688,475+688,475068,9650.03%+68,965
VERTIV HOLDINGS CO(VRT)0497,820+497,8200124,7440.05%+124,744
REALTY INCOME CORP(O)01,944,134+1,944,1340118,9420.05%+118,942
EQUITABLE HLDGS INC2,424,8234,905,475+2,480,652116,585182,0420.07%+65,457
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