Vault-13

BANK MONTREAL MEDIUM FNGS

NT LKD 38 · ETP · CUSIP 06368B504

Canadian investment bank

39 institutional holders +1 vs Q1 2026
945,497945.5k shares reported held*
$70.2mreported value*
8 new 12 added 12 reduced 7 sold out net sold ≈ $13.5m (-200.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $74.24. Options: 5 managers hold calls ($2.1m notional), 4 hold puts ($2.2m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 15Q4 22: 19Q1 23: 16Q2 23: 28Q3 23: 22Q4 23: 30Q1 24: 29Q2 24: 33Q3 24: 36Q4 24: 39Q1 25: 37Q2 25: 43Q3 25: 46Q4 25: 45Q1 26: 38Q2 26: 3939Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202215
Q4 202219
Q1 202316
Q2 202328
Q3 202322
Q4 202330
Q1 202429
Q2 202433
Q3 202436
Q4 202439
Q1 202537
Q2 202543
Q3 202546
Q4 202545
Q1 202638
Q2 202639

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 17 bought or addedQ3 24: 15 cut or sold outQ4 24: 24 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 21 cut or sold outQ2 25: 25 bought or addedQ2 25: 19 cut or sold outQ2 25Q3 25: 30 bought or addedQ3 25: 22 cut or sold outQ4 25: 22 bought or addedQ4 25: 19 cut or sold outQ4 25Q1 26: 16 bought or addedQ1 26: 29 cut or sold outQ2 26: 20 bought or addedQ2 26: 19 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241715
Q4 20242414
Q1 20252121
Q2 20252519
Q3 20253022
Q4 20252219
Q1 20261629
Q2 20262019

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 25 calls: $6.8mQ3 25 puts: $9.0mQ3 25P/C 1.32Q4 25 calls: $8.2mQ4 25 puts: $5.0mQ4 25P/C 0.61Q1 26 calls: $2.7mQ1 26 puts: $2.7mQ1 26P/C 1.02Q2 26 calls: $2.1mQ2 26 puts: $2.2mQ2 26P/C 1.07
Numbers
QuarterCallsPutsP/C
Q3 2025$6.8m$9.0m1.32
Q4 2025$8.2m$5.0m0.61
Q1 2026$2.7m$2.7m1.02
Q2 2026$2.1m$2.2m1.07

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +21,000+21.0k
MML INVESTORS SERVICES, LLC Added +16,794+16.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +16,292+16.3k
LPL Financial LLC New +13,653+13.7k
ENVESTNET ASSET MANAGEMENT INC Added +13,111+13.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +9,850+9.8k
CITADEL ADVISORS LLC Added +3,367+3.4k
Bawa N Mallick Trust New +3,000+3.0k
Belvedere Trading LLC New +2,053+2.1k
FLOW TRADERS U.S. LLC Added +2,024+2.0k

Biggest sellers

Mariner, LLC Reduced -173,552-173.6k
HRT FINANCIAL LP Reduced -42,529-42.5k
ABSOLUTE CAPITAL MANAGEMENT, LLC Sold out -28,100-28.1k
LPL Financial LLC Sold out -13,669-13.7k
OSAIC HOLDINGS, INC. Reduced -12,148-12.1k
Ethos Capital Management, Inc. Reduced -8,427-8.4k
KINGSWOOD WEALTH ADVISORS, LLC Sold out -4,241-4.2k
GTS SECURITIES LLC Reduced -2,287-2.3k
ROYAL BANK OF CANADA Reduced -1,803-1.8k
Kestra Advisory Services, LLC Reduced -1,451-1.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m17.5k shares
CITADEL ADVISORS LLC New $442.7k6.1k shares
IMC-Chicago, LLC Reduced $312.1k4.3k shares
Belvedere Trading LLC New $43.5k600 shares
SIMPLEX TRADING, LLC Reduced $14.5k200 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.2m16.7k shares
Belvedere Trading LLC New $616.9k8.5k shares
CITADEL ADVISORS LLC Reduced $384.7k5.3k shares
SIMPLEX TRADING, LLC New $7.3k100 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 199,444199.4k $15.1m $15.1m 0.03% Added +16.3k +16,292
2 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 181,937181.9k $13.2m $13.2m 0.02% Reduced -12.1k -12,148
3 Capital Investment Advisory Services, LLC 0.34% of their portfolio RALEIGH, NC 75,21375.2k $5.5m $5.5m 0.34% Added +323 +323
4 INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio SAN DIEGO, CA 52,73152.7k $3.8m $3.8m 0.07% Reduced -51 -51
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 47,82047.8k $3.5m $3.5m 0.00% Added +3.4k +3,367
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 41,27141.3k $3.0m $3.0m 0.00% Added +13.1k +13,111
7 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 41,14941.1k $3.0m $3.0m 0.01% Reduced -42.5k -42,529
8 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 40,58440.6k $2.9m $2.9m 0.01% Added +16.8k +16,794
9 GTS SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 36,70736.7k $2.7m $2.7m 0.06% Reduced -2.3k -2,287
10 FLOW TRADERS U.S. LLC 0.08% of their portfolio NEW YORK, NY 28,39028.4k $2.1m $2.1m 0.08% Added +2.0k +2,024
11 HBW ADVISORY SERVICES LLC 0.17% of their portfolio SIMI VALLEY, CA 25,60925.6k $1.9m $1.9m 0.17% Added +658 +658
12 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 24,72624.7k $1.8m $1.8m 0.00% Added +224 +224
13 Ethos Capital Management, Inc. 1.16% of their portfolio NEWTOWN, PA 22,40622.4k $1.6m $1.6m 1.16% Reduced -8.4k -8,427
14 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 21,00021.0k $1.5m $1.5m 0.00% New
15 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 18,20918.2k $1.3m $1.3m 0.03% Added +759 +759
16 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,65313.7k $990.9k $990.9k 0.00% New
17 VestGen Advisors, LLC 0.03% of their portfolio CHICAGO, IL 13,47913.5k $978.3k $978.3k 0.03% Reduced -582 -582
18 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 12,44212.4k $903.0k $903.0k 0.00% Reduced -1.5k -1,451
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,03510.0k $728.0k $728.0k 0.00% Reduced -1.8k -1,803
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 9,8509.8k $714.9k $714.9k 0.00% New
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 9,8229.8k $712.9k $712.9k 0.00% Added +765 +765
22 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,7577.8k $563.0k $563.0k 0.00% Reduced -173.6k -173,552
23 RHODES INVESTMENT ADVISORS INC /ADV 0.37% of their portfolio FORT WORTH, TX 6,9266.9k $502.7k $502.7k 0.37% Added +250 +250
24 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,5173.5k $255.3k $255.3k 0.00% Unchanged
25 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 3,4003.4k $246.8k $246.8k 0.00% Reduced -1.2k -1,200
26 Bawa N Mallick Trust 0.07% of their portfolio FOREST HILLS, NY 3,0003.0k $217.7k $217.7k 0.07% New
27 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,7022.7k $196.1k $196.1k 0.00% Reduced -33 -33
28 Belvedere Trading LLC 0.01% of their portfolio CHICAGO, IL 2,0532.1k $149.0k $149.0k 0.01% New
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5991.6k $116.1k $116.1k 0.00% Added +249 +249
30 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 619619 $44.9k $44.9k 0.00% Unchanged
31 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 213213 $15.5k $15.5k 0.00% Unchanged
32 Institute for Wealth Management, LLC. 0.00% of their portfolio DENVER, CO 200200 $14.5k $14.5k 0.00% New
33 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 200200 $14.5k $14.5k 0.00% Unchanged
34 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 192192 $13.9k $13.9k 0.00% Unchanged
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 100100 $7.3k $7.3k 0.00% Reduced -249 -249
36 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 100100 $7.3k $7.3k 0.00% New
37 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 6060 $4.3k $4.3k 0.00% New
38 Cypress Capital Management LLC (WY) 0.00% of their portfolio SHERIDAN, WY 2121 $1.5k $1.5k 0.00% Unchanged
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1414 $1.0k $1.0k 0.00% Unchanged