MI
Montgomery Investment Management Inc — 13F Portfolio Breakdown & Top Holdings (Q3 2026)
Montgomery Investment Management IncCIK: 0001272544
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$328.6M
Reporting period: 2026-09-30 · Number of holdings: 105
MONTGOMERY INVESTMENT MANAGEMENT INC disclosed 105 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $328.6M and a quarterly turnover rate of 17.7%.
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Personality snowflake
- Concentration
- 13.88
- Portfolio Stability
- 17.68
- Momentum
- 100
- Sector conviction
- 55.68
- Diversification
- 100
- Sizing Uniformity
- 83.67
Montgomery Investment Management Inc's disclosed holdings carry a Herfindahl concentration index of 0.035 — mathematically equivalent to about 29 equally-sized positions, well below its 105 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.63), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim VSEC
+0.0% -$7.8M
Trim URI
0.0% -$4.5M
Add VLO
0.0% $3.8M
Add NVDA
+258.6% $3.8M
Trim CAT
0.0% -$3.6M
Add PSX
+0.0% $3.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | URI | United Rentals Inc | Stock-Industrials | 10.36% | -1.34% | — | |
| 2 | VSEC | Vse CORP | Stock-Industrials | 6.12% | -2.35% | +0.00% | |
| 3 | DE | Deere & Co | Stock-Industrials | 5.12% | +0.26% | -0.71% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 4.94% | +0.64% | -0.52% | |
| 5 | TFC | Truist Financial CORP | Stock-Financials | 4.43% | -0.36% | -0.82% | |
| 6 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 4.05% | -0.27% | -6.60% | |
| 7 | COP | Conocophillips | Stock-Energy | 3.55% | +0.61% | +0.00% | |
| 8 | CAT | Caterpillar Inc | Stock-Industrials | 3.54% | -1.09% | — | |
| 9 | VLO | Valero Energy CORP | Stock-Energy | 3.53% | +1.17% | — | |
| 10 | PSX | Phillips 66 | Stock-Energy | 2.97% | +1.01% | +0.00% | |
| 11 | CVX | Chevron CORP | Stock-Energy | 2.68% | +0.51% | +0.00% | |
| 12 | FANG | Diamondback Energy Inc | Stock-Energy | 2.49% | +0.12% | — | |
| 13 | IBM | Intl Business Machines CORP | Stock-Tech | 2.48% | -0.70% | -0.80% | |
| 14 | NVR | Nvr Inc | Stock-Consumer Disc | 2.47% | -0.26% | — | |
| 15 | FCX | Freeport-mcmoran Inc | Stock-Materials | 2.41% | +0.26% | — | |
| 16 | BAC | Bank Of America CORP | Stock-Financials | 2.04% | -0.09% | +0.00% | |
| 17 | MSFT | Microsoft CORP | Stock-Tech | 2.00% | +0.56% | +1.19% | |
| 18 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.92% | +0.23% | — | |
| 19 | CF | Cf Industries Holdings Inc | Stock-Materials | 1.70% | +0.10% | — | |
| 20 | LEN | Lennar Corp-a | Stock-Consumer Disc | 1.61% | -0.17% | — | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 1.51% | +1.14% | +258.61% | |
| 22 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.46% | +0.06% | +0.01% | |
| 23 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.44% | +0.43% | +38.26% | |
| 24 | LEN-B | Lennar CORP - B Shs | Stock-Other | 1.31% | -0.17% | -2.40% | |
| 25 | SU | Suncor Energy Inc | Stock-Energy | 1.16% | +0.24% | — | |
| 26 | ABBV | Abbvie Inc | Stock-Healthcare | 1.04% | +0.04% | — | |
| 27 | NOW | Servicenow Inc | Stock-Tech | 1.02% | +0.26% | — | |
| 28 | GIS | General Mills Inc | Stock-Consumer Staples | 1.01% | -0.08% | — | |
| 29 | PNC | Pnc Financial Services Group | Stock-Financials | 0.97% | -0.10% | — | |
| 30 | PNFP | Pinnacle Financial Partners | Stock-Financials | 0.71% | -0.05% | — | |
| 31 | RTX | Rtx CORP | Stock-Industrials | 0.69% | -0.01% | — | |
| 32 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.68% | — | — | |
| 33 | NEE | Nextera Energy Inc | Stock-Utilities | 0.60% | -0.10% | — | |
| 34 | CVE | Cenovus Energy Inc | Stock-Energy | 0.59% | +0.12% | — | |
| 35 | CCJ | Cameco CORP | Stock-Energy | 0.59% | -0.10% | — | |
| 36 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.48% | +0.10% | +28.25% | |
| 37 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.44% | +0.13% | — | |
| 38 | LH | Labcorp Holdings Inc | Stock-Healthcare | 0.44% | +0.04% | — | |
| 39 | ABT | Abbott Laboratories | Stock-Healthcare | 0.44% | +0.04% | — | |
| 40 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.43% | -0.08% | — | |
| 41 | HPQ | Hp Inc | Stock-Tech | 0.42% | +0.13% | — | |
| 42 | BHP | Bhp Group Ltd-spon Adr | Stock-Materials | 0.42% | +0.01% | — | |
| 43 | LGIH | Lgi Homes Inc | Stock-Other | 0.41% | -0.15% | — | |
| 44 | DELL | Dell Technologies -c | Stock-Tech | 0.38% | +0.07% | -2.87% | |
| 45 | MRP | Millrose Properties | Stock-Real Estate | 0.37% | -0.06% | — | |
| 46 | DAL | Delta Air Lines Inc | Stock-Industrials | 0.36% | -0.05% | — | |
| 47 | WMT | Walmart Inc | Stock-Consumer Staples | 0.36% | -0.03% | — | |
| 48 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.36% | — | — | |
| 49 | ECG | Everus Construction Group | Stock-Industrials | 0.35% | -0.14% | — | |
| 50 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.34% | -0.02% | — |
1–50 of 105
Portfolio Performance
Performance for Q4 2026
+3.1%
Performance Last 4 Quarters
+22%
- Stdev
- +14.8%
- Beta
- +0.83
- Alpha
- +3.4%
- Max Drawdown
- -15.1%
- Annualized Perf
- +23.1%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.66
- Stutzer
- +0.42
- Treynor
- +0.26
- Sterling
- +1.26
- Calmar
- +1.53
- Information Ratio
- -0.03
- Tracking Error
- +10.9%
- Stdev Down
- +8.3%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +38.2%
- Worst 12 Months
- -0.2%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.49
- Stdev Sectors
- +9.3%
- Skewness
- -0.67
- Kurtosis
- +0.11
- Upside Potential
- +4.12
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 105 | $328.6M | 18 | ||
| 2026 Q2 | 108 | $329.5M | 0 | ||
| 2026 Q1 | 103 | $293.1M | 19 | ||
| 2025 Q4 | 96 | $277.9M | 9 | ||
| 2025 Q3 | 97 | $284.2M | 20 | ||
| 2025 Q2 | 95 | $258.4M | 0 | ||
| 2025 Q1 | 93 | $251.3M | 100 | ||
| 2024 Q4 | 89 | $254.0M | 0 | ||
| 2024 Q3 | 91 | $276.2M | 0 | ||
| 2024 Q2 | 91 | $252.7M | 0 | ||
| 2024 Q1 | 88 | $262.0M | 0 | ||
| 2023 Q4 | 142 | $325.5M | 0 | ||
| 2023 Q3 | 142 | $290.2M | 0 | ||
| 2023 Q2 | 144 | $297.6M | 0 | ||
| 2023 Q1 | 136 | $283.0M | 0 | ||
| 2022 Q4 | 134 | $281.5M | 0 | ||
| 2022 Q3 | 134 | $244.0M | 0 | ||
| 2022 Q2 | 128 | $247.3M | 0 | ||
| 2022 Q1 | 135 | $292.1M | 0 | ||
| 2021 Q4 | 138 | $297.3M | 0 | ||
| 2021 Q3 | 133 | $268.0M | 0 | ||
| 2021 Q2 | 132 | $269.7M | 98 | ||
| 2021 Q1 | 130 | $261.2M | 19 | ||
| 2020 Q4 | 129 | $218.0M | 16 | ||
| 2020 Q3 | 127 | $190.6M | 16 | ||
| 2020 Q2 | 133 | $184.2M | 25 | ||
| 2020 Q1 | 151 | $153.5M | 47 | ||
| 2019 Q4 | 157 | $244.8M | 34 | ||
| 2019 Q3 | 163 | $233.9M | 14 | ||
| 2019 Q2 | 160 | $228.6M | 9 | ||
| 2019 Q1 | 160 | $224.2M | 14 | ||
| 2018 Q4 | 160 | $197.1M | 22 | ||
| 2018 Q3 | 164 | $243.1M | 11 | ||
| 2018 Q2 | 163 | $242.6M | 10 | ||
| 2018 Q1 | 163 | $238.1M | 18 | ||
| 2017 Q4 | 161 | $246.3M | 13 | ||
| 2017 Q3 | 164 | $225.1M | 12 | ||
| 2017 Q2 | 164 | $218.5M | 17 | ||
| 2017 Q1 | 168 | $232.5M | 10 | ||
| 2016 Q4 | 170 | $232.6M | 13 | ||
| 2016 Q3 | 174 | $213.1M | 13 | ||
| 2016 Q2 | 167 | $206.2M | 21 | ||
| 2016 Q1 | 153 | $174.2M | 11 | ||
| 2015 Q4 | 154 | $176.9M | 20 | ||
| 2015 Q3 | 146 | $169.5M | 22 | ||
| 2015 Q2 | 144 | $195.5M | 7 | ||
| 2015 Q1 | 145 | $199.0M | 10 | ||
| 2014 Q4 | 145 | $209.2M | 39 | ||
| 2014 Q3 | 70 | $145.0M | 15 | ||
| 2014 Q2 | 65 | $130.9M | 12 | ||
| 2014 Q1 | 64 | $123.2M | 7 | ||
| 2013 Q4 | 64 | $122.7M | 42 | ||
| 2013 Q3 | 76 | $183.8M | 8 | ||
| 2013 Q2 | 79 | $182.7M | 0 |
Holding changes this quarter
Montgomery Investment Management Inc's most significant position changes for 2026-09-30: Sold out: Philip Morris International (PM); New buy: Okta Inc (OKTA); Sold out: Micron Technology Inc (MU); Sold out: Coherent CORP (COHR); Sold out: Antero Resources CORP (AR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VLO | Valero Energy CORP | +1.2% | — | Unchanged |
| 2 | NVDA | Nvidia CORP | +1.1% | +258.61% | Add |
| 3 | PSX | Phillips 66 | +1% | +0.00% | Add |
| 4 | AAPL | Apple Inc | +0.6% | -0.52% | Trim |
| 5 | COP | Conocophillips | +0.6% | +0.00% | Add |
| 6 | MSFT | Microsoft CORP | +0.6% | +1.19% | Add |
| 7 | CVX | Chevron CORP | +0.5% | +0.00% | Add |
| 8 | IVV | Ishares Core S&p 500 ETF | +0.4% | +38.26% | Add |
| 9 | NOW | Servicenow Inc | +0.3% | — | Unchanged |
| 10 | DE | Deere & Co | +0.3% | -0.71% | Trim |
| 11 | FCX | Freeport-mcmoran Inc | +0.3% | — | Unchanged |
| 12 | SU | Suncor Energy Inc | +0.2% | — | Unchanged |
| 13 | MRK | Merck & Co. Inc. | +0.2% | — | Unchanged |
| 14 | HPE | Hewlett Packard Enterprise | +0.1% | — | Unchanged |
| 15 | HPQ | Hp Inc | +0.1% | — | Unchanged |
| 16 | CVE | Cenovus Energy Inc | +0.1% | — | Unchanged |
| 17 | FANG | Diamondback Energy Inc | +0.1% | — | Unchanged |
| 18 | CF | Cf Industries Holdings Inc | +0.1% | — | Unchanged |
| 19 | GOOGL | Alphabet Inc-cl A | +0.1% | +28.25% | Add |
| 20 | OKTA | Okta Inc | +0.1% | NEW | New buy |
| 21 | DELL | Dell Technologies -c | +0.1% | -2.87% | Trim |
| 22 | PLTR | Palantir Technologies Inc-a | +0.1% | — | Unchanged |
| 23 | JNJ | Johnson & Johnson | +0.1% | +0.01% | Add |
| 24 | ANET | Arista Networks Inc | +0.1% | — | Unchanged |
| 25 | A | Agilent Technologies Inc | +0.1% | — | Unchanged |
| 26 | LH | Labcorp Holdings Inc | 0% | — | Unchanged |
| 27 | ABBV | Abbvie Inc | 0% | — | Unchanged |
| 28 | PR | Permian Resources Corp-cl A | 0% | — | Unchanged |
| 29 | ABT | Abbott Laboratories | 0% | — | Unchanged |
| 30 | SHOP | Shopify Inc - Class A | 0% | — | Unchanged |
| 31 | META | Meta Platforms Inc-class A | 0% | — | Unchanged |
| 32 | CRGY | Crescent Energy Inc-a | 0% | — | Unchanged |
| 33 | CRWD | Crowdstrike Holdings Inc - A | 0% | +300.00% | Add |
| 34 | DGX | Quest Diagnostics Inc | 0% | +0.05% | Add |
| 35 | REPX | Riley Exploration Permian In | 0% | — | Unchanged |
| 36 | PFE | Pfizer Inc | 0% | — | Unchanged |
| 37 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 38 | OVV | Ovintiv Inc | 0% | — | Unchanged |
| 39 | WCC | Wesco International Inc | 0% | — | Unchanged |
| 40 | NTR | Nutrien LTD | 0% | — | Unchanged |
| 41 | BHP | Bhp Group Ltd-spon Adr | 0% | — | Unchanged |
| 42 | SLB | Slb LTD | 0% | — | Unchanged |
| 43 | BTE | Baytex Energy CORP | 0% | — | Unchanged |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 45 | MELI | Mercadolibre Inc | 0% | — | Unchanged |
| 46 | COST | Costco Wholesale CORP | — | — | Unchanged |
| 47 | KEYS | Keysight Technologies In | — | — | Unchanged |
| 48 | EXE | Expand Energy CORP | — | — | Unchanged |
| 49 | BKR | Baker Hughes Co | — | — | Unchanged |
| 50 | BRK-A | Berkshire Hathaway Inc-cl A | — | — | Unchanged |
1–50 of 109
Filing History
FAQ
What is Montgomery Investment Management Inc and what type of investor is it?
Montgomery Investment Management Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $328.6M, spread across 105 disclosed positions.
What are Montgomery Investment Management Inc's largest equity positions?
Based on the latest 13F filing, Montgomery Investment Management Inc's top holdings by market value are:
1. United Rentals Inc (URI) — $34.1M (10.4%)
2. Vse CORP (VSEC) — $20.1M (6.1%)
3. Deere & Co (DE) — $16.8M (5.1%)
4. Apple Inc (AAPL) — $16.2M (4.9%)
5. Truist Financial CORP (TFC) — $14.6M (4.4%)
What changes did Montgomery Investment Management Inc make in its most recent portfolio filing?
In the latest reported quarter, Montgomery Investment Management Inc made 30 notable position adjustments: 1 new positions were initiated, 18 existing holdings were added to, 7 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Philip Morris International (PM); New buy: Okta Inc (OKTA); Sold out: Micron Technology Inc (MU); Sold out: Coherent CORP (COHR); Sold out: Antero Resources CORP (AR)
What sectors does Montgomery Investment Management Inc focus on?
Montgomery Investment Management Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 31.0%
• Energy: 20.9%
• Information Technology: 15.8%
• Financials: 9.6%
• Health Care: 6.8%
• Consumer Discretionary: 6.1%
Investment Profile
Montgomery Investment Management Inc returned an annualized 23.1% over the trailing 36 months — outperforming the S&P 500 by 3.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.83 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 31.0% of the portfolio concentrated in Industrials.
It has added to its VLO position over the past two quarters (+$4.2M, now $11.6M), while trimming GIS over the same stretch (-$520.4K, still holding $3.3M).
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EA
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DI
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GI
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PP
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Developer Access
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