BANK OF MONTREAL /CAN/ Q4 2025 Filing

Filed February 12, 2026

Portfolio Value

$288.7B

Holdings

3,181

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (3,181 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA CORPORATION
73,624,196$13.7T4752.83%Put
2
RYROYAL BK CDA
61,816,077$10.5T3648.01%Put
3
SPYSPDR S&P 500 ETF TR
13,470,562$9.2T3179.06%Put
4
AAPLAPPLE INC
31,312,778$8.5T2945.97%Put
5
METAMETA PLATFORMS INC
11,873,146$7.8T2712.19%Put
6
XLFSELECT SECTOR SPDR TR
128,315,349$7.0T2432.00%Put
7
MSFTMICROSOFT CORP
14,361,144$6.9T2402.91%Put
8
XLISELECT SECTOR SPDR TR
44,103,413$6.8T2368.28%Call
9
TDTORONTO DOMINION BK ONT
71,340,706$6.7T2327.41%Put
10
GOOGLALPHABET INC
20,801,370$6.5T2252.60%Put
11
BURBURFORD CAP LTD
6,779,231$6.1T2102.63%
12
AMZNAMAZON COM INC
23,429,694$5.4T1870.93%Put
13
BNSBANK NOVA SCOTIA HALIFAX
59,069,707$4.4T1506.93%Put
14
TSLATESLA INC
9,392,141$4.2T1460.87%Put
15
AVGOBROADCOM INC
11,298,900$3.9T1352.11%Put
16
CMCANADIAN IMPERIAL BANK OF CO
42,926,595$3.9T1346.92%Put
17
BMOBANK MONTREAL QUE
28,548,428$3.7T1282.50%Put
18
GOOGALPHABET INC
11,776,250$3.7T1277.65%Put
19
TRPTC ENERGY CORP
50,008,289$2.8T952.44%Put
20
BNBROOKFIELD CORP
59,319,667$2.7T941.70%Put
21
ENBENBRIDGE INC
55,482,794$2.6T917.80%Put
22
IWMISHARES TR
10,494,371$2.6T891.83%Put
23
PLTRPALANTIR TECHNOLOGIES INC
13,619,038$2.4T836.41%Put
24
CRCCANADIAN NAT RES LTD
70,118,152$2.4T820.48%Put
25
NFLXNETFLIX INC
24,681,963$2.3T799.70%Put
26
ORCLORACLE CORP
11,684,033$2.3T785.85%Put
27
MFCMANULIFE FINL CORP
57,604,108$2.1T723.51%Call
28
JPMJPMORGAN CHASE & CO.
6,243,239$2.0T694.76%Put
29
SHOPSHOPIFY INC
12,189,197$2.0T677.79%Put
30
IVVISHARES TR
2,755,114$1.9T652.16%
31
GDXVANECK ETF TRUST
21,768,695$1.9T645.23%Put
32
LLYELI LILLY & CO
1,629,451$1.7T605.06%
33
COSTCOSTCO WHSL CORP NEW
1,966,863$1.7T585.66%Put
34
SUSUNCOR ENERGY INC NEW
36,800,728$1.6T564.54%Put
35
AEMAGNICO EAGLE MINES LTD
9,611,204$1.6T563.50%
36
AMDADVANCED MICRO DEVICES INC
7,340,329$1.6T542.37%Put
37
VVISA INC
4,433,920$1.5T536.48%Put
38
CPCANADIAN PACIFIC KANSAS CITY
20,988,552$1.5T534.06%Call
39
WCNWASTE CONNECTIONS INC
8,607,580$1.5T521.59%
40
BRK/BBERKSHIRE HATHAWAY INC DEL
2,841,340$1.4T492.84%
41
CNRCANADIAN NATL RY CO
14,180,973$1.4T484.18%Put
42
WMTWALMART INC
12,168,509$1.4T468.25%
43
FTSFORTIS INC
24,765,260$1.3T444.70%Put
44
GSGOLDMAN SACHS GROUP INC
1,446,060$1.3T439.16%
45
BACBANK AMERICA CORP
22,840,219$1.3T433.27%Call
46
TLTISHARES TR
13,971,280$1.2T420.46%Put
47
DWDMORGAN STANLEY
6,868,226$1.2T420.11%Put
48
MAMASTERCARD INCORPORATED
2,076,681$1.2T408.68%
49
BCCCGLOBAL X FDS
24,643,304$1.2T406.95%
50
AQLTISHARES TR
12,495,924$1.1T385.48%
51
FNVFRANCO NEV CORP
5,231,145$1.1T374.39%
52
CRWDCROWDSTRIKE HLDGS INC
2,301,959$1.1T371.97%
53
JNJJOHNSON & JOHNSON
5,194,401$1.1T370.93%
54
BBARRICK MNG CORP
24,701,183$1.1T369.89%Put
55
QSRRESTAURANT BRANDS INTL INC
15,220,647$1.0T358.81%Put
56
RCI/BROGERS COMMUNICATIONS INC
27,463,773$1.0T357.42%Put
57
MUMICRON TECHNOLOGY INC
3,460,438$981.0B339.76%Put
58
PPLPEMBINA PIPELINE CORP
25,610,283$974.0B337.34%Call
59
NTRNUTRIEN LTD
15,824,430$972.0B336.64%Call
60
BIPBROOKFIELD INFRAST PARTNERS
28,025,960$971.0B336.30%Call
61
VOOVANGUARD INDEX FDS
1,488,405$930.0B322.10%
62
BCEBCE INC
38,216,026$908.0B314.48%Put
63
TRVCCITIGROUP INC
7,741,393$900.0B311.71%
64
EMAEMERA INC
17,955,123$883.0B305.82%
65
NDQINVESCO QQQ TR
1,431,050$872.0B302.01%
66
TTELUS CORPORATION
64,376,692$844.0B292.31%Put
67
WPMWHEATON PRECIOUS METALS CORP
7,061,090$827.0B286.42%
68
TRITHOMSON REUTERS CORP
6,222,897$818.0B283.31%Call
69
ABBVABBVIE INC
3,221,221$731.0B253.18%
70
ESLTELBIT SYS LTD
12,678$728.0B252.14%
71
FXIISHARES TR
18,659,899$710.0B245.90%Call
72
NOWSERVICENOW INC
4,539,302$690.0B238.98%
73
LIESUN LIFE FINANCIAL INC.
10,995,778$684.0B236.90%Put
74
SNOWSNOWFLAKE INC
3,069,497$669.0B231.70%Put
75
IEFISHARES TR
6,995,777$669.0B231.70%Put
76
XOMEXXON MOBIL CORP
5,605,534$667.0B231.01%Put
77
BAMBROOKFIELD ASSET MANAGMT LTD
12,499,224$651.0B225.47%Put
78
HDHOME DEPOT INC
1,728,454$590.0B204.34%
79
CSCOCISCO SYS INC
7,692,730$589.0B203.99%Put
80
NEENEXTERA ENERGY INC
7,251,491$576.0B199.49%Put
81
GDXJVANECK ETF TRUST
5,073,294$576.0B199.49%Put
82
MRKMERCK & CO INC
5,372,201$561.0B194.30%
83
UBERUBER TECHNOLOGIES INC
6,896,480$556.0B192.57%Put
84
PANWPALO ALTO NETWORKS INC
3,048,518$556.0B192.57%Put
85
UNHUNITEDHEALTH GROUP INC
1,677,095$550.0B190.49%Put
86
PGPROCTER AND GAMBLE CO
3,880,690$549.0B190.14%Put
87
ICLICL GROUP LTD
925,762$529.0B183.21%
88
EFAISHARES TR
5,524,477$524.0B181.48%Put
89
PHPARKER-HANNIFIN CORP
588,879$514.0B178.02%
90
WFCWELLS FARGO CO NEW
5,412,661$497.0B172.13%Put
91
KWEBKRANESHARES TRUST
14,602,227$495.0B171.44%Call
92
MIGASTRATEGY INC
2,259,627$488.0B169.01%Put
93
CCOCAMECO CORP
5,344,040$486.0B168.32%Put
94
TJXTJX COS INC NEW
3,186,830$485.0B167.98%
95
CLSCELESTICA INC
1,621,977$476.0B164.86%Put
96
GDGENERAL DYNAMICS CORP
1,386,863$464.0B160.70%
97
IEMGISHARES INC
6,965,701$463.0B160.36%
98
MCDMCDONALDS CORP
1,493,285$448.0B155.16%Put
99
SSNCSS&C TECHNOLOGIES HLDGS INC
5,126,190$447.0B154.81%
100
KOCOCA COLA CO
6,434,966$445.0B154.12%Put
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