BANK OF MONTREAL /CAN/

Bank

CIK

927971

City

TORONTO

State / Country

Stock

SHOP — Shopify Inc.

Top Portfolio Positions

2,024 positions · $222,728,391,065 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio
NVDA	Nvidia Corp Technology	75,036,582	$13,086,379,897	5.88%
RY	Royal Bank Of Canada Financial Services	63,188,799	$10,222,683,897	4.59%
SPY	Spdr S&P 500 ETF Trust	12,656,607	$8,231,097,791	3.70%
TD	Toronto Dominion Bank Financial Services	77,214,064	$7,204,844,308	3.23%
AAPL	Apple Inc. Technology	28,151,961	$7,144,686,178	3.21%
MSFT	Microsoft Corp Technology	16,775,836	$6,209,911,208	2.79%
AMZN	Amazon Com Inc Consumer Cyclical	29,619,896	$6,168,935,735	2.77%
GOOGL	Alphabet Inc. Communication Services	20,185,967	$5,804,676,666	2.61%
META	Meta Platforms, Inc. Communication Services	7,317,960	$4,186,824,449	1.88%
BNS	Bank Of Nova Scotia Financial Services	56,674,406	$3,928,103,076	1.76%

Portfolio Trend

25 quarters · across all stocks

Holdings in SHOP

Compact Export CSV

Shares Held

Position Value (USD)

50 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$12,455,100	105,000	-99.2%	Put	Defined	2026-05-13
2026-03-31	$1,548,431,196	13,053,711	+18548.2%	Shares	Defined	2026-05-13
2026-03-31	$8,303,400	70,000	+7.7%	Call	Defined	2026-05-13
2025-12-31	$10,463,050	65,000	-99.5%	Put	Defined	2026-02-12
2025-12-31	$1,951,631,986	12,124,197	-11.2%	Shares	Defined	2026-02-12
2025-09-30	$2,028,198,960	13,647,796	+11988.4%	Shares	Defined	2025-11-13
2025-09-30	$16,778,069	112,900	-99.0%	Put	Defined	2025-11-13
2025-06-30	$1,307,386,814	11,334,086	+18034.5%	Shares	Defined	2025-08-05
2025-06-30	$7,209,375	62,500	-99.4%	Call	Defined	2025-08-05
2025-03-31	$1,028,011,577	10,766,774	+6629.2%	Shares	Defined	2025-05-13
2025-03-31	$15,276,800	160,000	+906.3%	Put	Defined	2025-05-13
2024-12-31	$1,690,647	15,900	-99.9%	Put	Defined	2025-02-13
2024-12-31	$1,202,116,044	11,305,521	+9.1%	Shares	Defined	2025-02-13
2024-09-30	$830,373,971	10,361,542	+35384.7%	Shares	Defined	2024-11-13
2024-09-30	$2,340,088	29,200	-99.7%	Put	Defined	2024-11-13
2024-06-30	$745,935,738	11,293,501	+70928.3%	Shares	Defined	2024-08-14
2024-06-30	$1,050,195	15,900	-93.6%	Put	Defined	2024-08-14
2024-06-30	$16,512,500	250,000	+1472.3%	Call	Defined	2024-08-14
2024-03-31	$1,227,003	15,900	-99.9%	Put	Defined	2024-05-13
2024-03-31	$844,144,183	10,938,761	+6150.7%	Shares	Defined	2024-05-13
2023-12-31	$13,632,500	175,000	+387.5%	Call	Defined	2024-02-08
2023-12-31	$2,796,610	35,900	-99.7%	Put	Defined	2024-02-08
2023-12-31	$1,050,254,575	13,482,087	+4987.6%	Shares	Defined	2024-02-08
2023-09-30	$14,461,050	265,000	-98.0%	Call	Defined	2023-11-01
2023-09-30	$708,203,017	12,977,882	+5401.4%	Shares	Defined	2023-11-01
2023-09-30	$12,873,063	235,900	-98.2%	Put	Defined	2023-11-01
2023-06-30	$859,678,775	13,307,721	+20373.4%	Shares	Defined	2023-08-02
2023-06-30	$4,199,000	65,000	-28.5%	Call	Defined	2023-08-02
2023-06-30	$5,872,140	90,900	+21.2%	Put	Defined	2023-08-02
2023-03-31	$3,595,500	75,000	-35.3%	Call	Defined	2024-06-13
2023-03-31	$5,556,246	115,900	-99.0%	Put	Defined	2024-06-13
2023-03-31	$539,664,988	11,257,092	+0.5%	Shares	Defined	2024-06-13
2022-12-31	$388,961,541	11,206,037	+7628.3%	Shares	Defined	2023-02-01
2022-12-31	$5,032,950	145,000	-65.6%	Call	Defined	2023-02-01
2022-12-31	$14,612,910	421,000	-96.9%	Put	Defined	2023-02-01
2022-09-30	$367,128,135	13,627,622	+9298.4%	Shares	Defined	2022-11-10
2022-09-30	$3,906,300	145,000	-67.1%	Call	Defined	2022-11-10
2022-09-30	$11,864,376	440,400	-94.0%	Put	Defined	2022-11-10
2022-06-30	$230,638,950	7,382,809	+26173.3%	Shares	Defined	2022-08-11
2022-03-31	$1,899,447	28,100	-97.3%	Put	Defined	2022-05-12
2022-03-31	$70,713,591	1,046,121	-10.3%	Shares	Defined	2022-05-12
2021-12-31	$160,636,452	1,166,238	+2867.5%	Shares	Defined	2022-02-11
2021-12-31	$5,413,142	39,300	-96.9%	Put	Defined	2022-02-11
2021-09-30	$171,147,969	1,262,358	+1646.0%	Shares	Defined	2021-11-12
2021-09-30	$9,802,289	72,300	-94.7%	Put	Defined	2021-11-12
2021-06-30	$200,965,540	1,375,553	+1275.6%	Shares	Defined	2021-08-12
2021-06-30	$14,609,800	100,000	-91.0%	Put	Defined	2021-08-12
2021-03-31	$123,128,219	1,112,772	+6.9%	Shares	Defined	2021-05-13
2020-12-31	$117,809,277	1,040,764	+103976.4%	Shares	Defined	2021-02-12
2020-09-30	$102,297	1,000	—	Put	Defined	2020-11-12
No 13F history on record for this holder in this stock.