MI
Montgomery Investment Management Inc — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Montgomery Investment Management IncCIK: 0001272544
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$329.5M
Reporting period: 2026-06-30 · Number of holdings: 108
MONTGOMERY INVESTMENT MANAGEMENT INC disclosed 108 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $329.5M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 15.87
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 60.57
- Diversification
- 100
- Sizing Uniformity
- 81.79
Montgomery Investment Management Inc's disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, well below its 108 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 1.82), 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.govAdd URI
0.0% $13.8M
Trim COP
-0.5% -$2.7M
Add CAT
0.0% $5.1M
Trim CVX
-0.1% -$1.8M
Add SGOV
+40.5% $4.1M
Add VSEC
-1.3% $5.1M
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 | 11.70% | +3.24% | — | |
| 2 | VSEC | Vse CORP | Stock-Industrials | 8.47% | +0.69% | -1.29% | |
| 3 | DE | Deere & Co | Stock-Industrials | 4.86% | — | -0.16% | |
| 4 | TFC | Truist Financial CORP | Stock-Financials | 4.79% | -0.20% | -0.35% | |
| 5 | CAT | Caterpillar Inc | Stock-Industrials | 4.63% | +1.17% | — | |
| 6 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 4.32% | +0.86% | +40.51% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 4.30% | +0.05% | -0.20% | |
| 8 | IBM | Intl Business Machines CORP | Stock-Tech | 3.18% | +0.08% | -0.53% | |
| 9 | COP | Conocophillips | Stock-Energy | 2.94% | -1.28% | -0.53% | |
| 10 | NVR | Nvr Inc | Stock-Consumer Disc | 2.73% | -0.24% | — | |
| 11 | FANG | Diamondback Energy Inc | Stock-Energy | 2.37% | -0.63% | — | |
| 12 | VLO | Valero Energy CORP | Stock-Energy | 2.36% | -0.16% | — | |
| 13 | CVX | Chevron CORP | Stock-Energy | 2.17% | -0.88% | -0.11% | |
| 14 | FCX | Freeport-mcmoran Inc | Stock-Materials | 2.16% | -0.11% | — | |
| 15 | BAC | Bank Of America CORP | Stock-Financials | 2.13% | +0.08% | +0.00% | |
| 16 | PSX | Phillips 66 | Stock-Energy | 1.96% | -0.45% | -1.29% | |
| 17 | LEN | Lennar Corp-a | Stock-Consumer Disc | 1.78% | -0.20% | -2.77% | |
| 18 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.69% | -0.11% | -0.84% | |
| 19 | CF | Cf Industries Holdings Inc | Stock-Materials | 1.60% | -0.55% | — | |
| 20 | LEN-B | Lennar CORP - B Shs | Stock-Other | 1.48% | -0.11% | -0.54% | |
| 21 | MSFT | Microsoft CORP | Stock-Tech | 1.44% | -0.16% | +0.01% | |
| 22 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.40% | -0.11% | +0.01% | |
| 23 | GIS | General Mills Inc | Stock-Consumer Staples | 1.09% | -0.22% | — | |
| 24 | PNC | Pnc Financial Services Group | Stock-Financials | 1.07% | +0.05% | — | |
| 25 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.01% | +0.03% | +1.48% | |
| 26 | ABBV | Abbvie Inc | Stock-Healthcare | 1.00% | +0.03% | — | |
| 27 | SU | Suncor Energy Inc | Stock-Energy | 0.92% | -0.35% | — | |
| 28 | PNFP | Pinnacle Financial Partners | Stock-Financials | 0.76% | +0.03% | — | |
| 29 | NOW | Servicenow Inc | Stock-Tech | 0.76% | -0.14% | — | |
| 30 | RTX | Rtx CORP | Stock-Industrials | 0.70% | -0.11% | -1.22% | |
| 31 | NEE | Nextera Energy Inc | Stock-Utilities | 0.70% | -0.13% | — | |
| 32 | CCJ | Cameco CORP | Stock-Energy | 0.69% | -0.13% | — | |
| 33 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.68% | -0.06% | — | |
| 34 | LGIH | Lgi Homes Inc | Stock-Other | 0.56% | +0.15% | -3.32% | |
| 35 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.51% | -0.14% | — | |
| 36 | ECG | Everus Construction Group | Stock-Industrials | 0.49% | +0.09% | -2.01% | |
| 37 | CVE | Cenovus Energy Inc | Stock-Energy | 0.47% | -0.06% | +6.80% | |
| 38 | MRP | Millrose Properties | Stock-Real Estate | 0.43% | -0.02% | — | |
| 39 | BHP | Bhp Group Ltd-spon Adr | Stock-Materials | 0.41% | +0.01% | — | |
| 40 | DAL | Delta Air Lines Inc | Stock-Industrials | 0.41% | +0.09% | — | |
| 41 | LH | Labcorp Holdings Inc | Stock-Healthcare | 0.40% | -0.04% | -2.08% | |
| 42 | ABT | Abbott Laboratories | Stock-Healthcare | 0.40% | -0.12% | -1.70% | |
| 43 | WMT | Walmart Inc | Stock-Consumer Staples | 0.39% | -0.09% | — | |
| 44 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.38% | +0.14% | +45.08% | |
| 45 | NVDA | Nvidia CORP | Stock-Tech | 0.37% | -0.01% | -4.69% | |
| 46 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.36% | -0.08% | — | |
| 47 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.36% | +0.02% | — | |
| 48 | GL | Globe Life Inc | Stock-Financials | 0.33% | +0.04% | — | |
| 49 | ODFL | Old Dominion Freight Line | Stock-Industrials | 0.33% | — | — | |
| 50 | DELL | Dell Technologies -c | Stock-Tech | 0.31% | +0.18% | +0.29% |
1–50 of 108
Portfolio Performance
Performance for Q3 2026
+8.2%
Performance Last 4 Quarters
+24.6%
- Stdev
- +15.2%
- Beta
- +0.85
- Alpha
- +2.5%
- Max Drawdown
- -15.1%
- Annualized Perf
- +20.1%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.27
- Stutzer
- +0.37
- Treynor
- +0.23
- Sterling
- +1.09
- Calmar
- +1.33
- Information Ratio
- -0.04
- Tracking Error
- +10.6%
- Stdev Down
- +8.6%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +38.1%
- Worst 12 Months
- -0.2%
- Efficiency Ratio
- +0.53
- Sharpe
- +1.29
- Stdev Sectors
- +10%
- Skewness
- -0.56
- Kurtosis
- -0.19
- Upside Potential
- +3.83
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: Micron Technology Inc (MU); New buy: Crowdstrike Holdings Inc - A (CRWD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | URI | United Rentals Inc | +3.2% | — | Unchanged |
| 2 | CAT | Caterpillar Inc | +1.2% | — | Unchanged |
| 3 | SGOV | Ishares 0-3 Month Treasury B | +0.9% | +40.51% | Add |
| 4 | VSEC | Vse CORP | +0.7% | -1.29% | Trim |
| 5 | DELL | Dell Technologies -c | +0.2% | +0.29% | Add |
| 6 | LGIH | Lgi Homes Inc | +0.2% | -3.32% | Trim |
| 7 | GOOGL | Alphabet Inc-cl A | +0.1% | +45.08% | Add |
| 8 | HPE | Hewlett Packard Enterprise | +0.1% | -6.19% | Trim |
| 9 | ✓ | +0.1% | NEW | New buy | |
| 10 | ✓ | +0.1% | NEW | New buy | |
| 11 | ECG | Everus Construction Group | +0.1% | -2.01% | Trim |
| 12 | DAL | Delta Air Lines Inc | +0.1% | — | Unchanged |
| 13 | IESC | Ies Holdings Inc | +0.1% | — | Unchanged |
| 14 | IBM | Intl Business Machines CORP | +0.1% | -0.53% | Trim |
| 15 | BAC | Bank Of America CORP | +0.1% | +0.00% | Add |
| 16 | MU | Micron Technology Inc | +0.1% | NEW | New buy |
| 17 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | NEW | New buy |
| 18 | AUB | Atlantic Union Bankshares Co | +0.1% | NEW | New buy |
| 19 | FIX | Comfort Systems USA Inc | +0.1% | — | Unchanged |
| 20 | COHR | Coherent CORP | +0.1% | NEW | New buy |
| 21 | AAPL | Apple Inc | +0.1% | -0.20% | Trim |
| 22 | PNC | Pnc Financial Services Group | +0.1% | — | Unchanged |
| 23 | ANET | Arista Networks Inc | +0.1% | — | Unchanged |
| 24 | GL | Globe Life Inc | 0% | — | Unchanged |
| 25 | PR | Permian Resources Corp-cl A | 0% | +58.00% | Add |
| 26 | GE | General Electric | 0% | — | Unchanged |
| 27 | LLY | Eli Lilly & Co | 0% | — | Unchanged |
| 28 | GEV | GE Vernova Inc | 0% | — | Unchanged |
| 29 | IVV | Ishares Core S&p 500 ETF | 0% | +1.48% | Add |
| 30 | ABBV | Abbvie Inc | 0% | — | Unchanged |
| 31 | PNFP | Pinnacle Financial Partners | 0% | — | Unchanged |
| 32 | WCC | Wesco International Inc | 0% | — | Unchanged |
| 33 | REPX | Riley Exploration Permian In | 0% | +78.86% | Add |
| 34 | IWM | Ishares Russell 2000 ETF | 0% | — | Unchanged |
| 35 | KEYS | Keysight Technologies In | 0% | — | Unchanged |
| 36 | BHP | Bhp Group Ltd-spon Adr | 0% | — | Unchanged |
| 37 | PHM | Pultegroup Inc | 0% | — | Unchanged |
| 38 | AVGO | Broadcom Inc | 0% | +0.14% | Add |
| 39 | GOOG | Alphabet Inc-cl C | 0% | +0.08% | Add |
| 40 | A | Agilent Technologies Inc | 0% | — | Unchanged |
| 41 | SYY | Sysco CORP | 0% | — | Unchanged |
| 42 | CSX | Csx CORP | 0% | — | Unchanged |
| 43 | DE | Deere & Co | — | -0.16% | Trim |
| 44 | ODFL | Old Dominion Freight Line | — | — | Unchanged |
| 45 | AMZN | Amazon.com Inc | — | — | Unchanged |
| 46 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | — | Unchanged |
| 47 | AXP | American Express Co | — | — | Unchanged |
| 48 | RF | Regions Financial CORP | — | +0.07% | Add |
| 49 | FRT | Federal Realty Invs Trust | — | — | Unchanged |
| 50 | VWO | Vanguard Ftse Emerging Marke | — | — | 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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $329.5M, spread across 108 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) — $38.6M (11.7%)
2. Vse CORP (VSEC) — $27.9M (8.5%)
3. Deere & Co (DE) — $16.0M (4.9%)
4. Truist Financial CORP (TFC) — $15.8M (4.8%)
5. Caterpillar Inc (CAT) — $15.3M (4.6%)
What changes did Montgomery Investment Management Inc make in its most recent portfolio filing?
In the latest reported quarter, Montgomery Investment Management Inc made 49 notable position adjustments: 6 new positions were initiated, 19 existing holdings were added to, 23 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: Micron Technology Inc (MU); New buy: Crowdstrike Holdings Inc - A (CRWD)
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: 36.5%
• Energy: 16.9%
• Information Technology: 13.2%
• Financials: 10.3%
• Consumer Discretionary: 6.8%
• Health Care: 6.3%
Investment Profile
Montgomery Investment Management Inc returned an annualized 20.1% over the trailing 36 months — outperforming the S&P 500 by 2.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.85 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 36.5% of the portfolio concentrated in Industrials.
It has added to its CAT position over the past two quarters (+$7.0M, now $15.3M), while trimming NOW over the same stretch (-$1.4M, still holding $2.5M).
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Developer Access
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