Montgomery Investment Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Montgomery Investment Management Inc. reported 89 stock positions worth $254.0 million. Its top holding was United Rentals (URI) at 9.7% of the portfolio, followed by Vse (VSEC, 5.7%) and Truist Financial (TFC, 5.7%). Compared with Q3 2024, it opened 1 new position, sold out of 4, added to 6 and reduced 34. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +144%) and the biggest sale Lennar Class A (LEN, shares −1%).

Most Recent 13F
Q2 2026
Location
ROCKVILLE, MD
CIK
0001272544
Portfolio Value
$254.0M (Q4 2024)
SEC Filing
0001272544-25-000001 ↗ filed Jan 27, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $262.0M Q1 2024 Q2 2024: $252.7M Q2 2024 Q3 2024: $276.2M Q3 2024 Q4 2024: $254.0M $254.0M Q4 2024 Q1 2025: $251.3M Q1 2025 Q2 2025: $258.4M Q2 2025 Q3 2025: $284.2M Q3 2025 Q4 2025: $277.9M Q4 2025 Q1 2026: $293.1M Q1 2026 Q2 2026: $329.5M Q2 2026

Holdings 89 stocks · $254.0M
URI United Rentals Inc. 9.70% 34,977 $24.6M Reduce -0.3%
VSEC Vse Corp. 5.72% 152,787 $14.5M Reduce -31.6%
TFC Truist Financial Corp. 5.67% 332,099 $14.4M Reduce -0.4%
AAPL Apple Inc. 5.23% 53,039 $13.3M Reduce -0.8%
NVR NVR Inc. 5.18% 1,610 $13.2M Reduce -1.8%
DE Deere & Co. 4.53% 27,145 $11.5M Reduce -0.8%
COP Conocophillips 3.72% 95,311 $9.5M Reduce -0.1%
LEN Lennar Corp. Class A 3.68% 68,463 $9.3M Reduce -0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 3.29% 38,006 $8.4M Reduce -0.4%
LEN.B Lennar Corp. Class B 3.20% 61,568 $8.1M Reduce -1.5%
FANG Diamondback Energy Inc. 2.85% 44,132 $7.2M Reduce -0.5%
GIS General Mills Inc. 2.83% 112,743 $7.2M Reduce -1.7%
CVX Chevron Corp. 2.63% 46,173 $6.7M Reduce -0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.28% 131,716 $5.8M Reduce -0.5%
MSFT Microsoft Corp. 2.23% 13,455 $5.7M No change
NOW ServiceNow Inc. 2.13% 5,105 $5.4M No change
CAT Caterpillar Inc. 2.05% 14,373 $5.2M Reduce -7.2%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 1.86% 55,440 $4.7M Reduce -5.1%
FCX Freeport-McMoran Inc. 1.82% 121,170 $4.6M Reduce -0.3%
PSX Phillips 66 1.82% 40,485 $4.6M Reduce -0.1%
MRK Merck & Co. Inc. 1.81% 46,123 $4.6M Reduce -0.4%
LGIH Lgi Homes Inc. 1.72% 48,790 $4.4M Reduce -8.0%
SGOV iShares 0-3 Month Treasury B 1.51% 38,140 $3.8M Add +144.5%
VLO Valero Energy Corp. 1.44% 29,890 $3.7M No change
PNC PNC Financial Services Group 1.09% 14,371 $2.8M No change
JNJ Johnson & Johnson 1.07% 18,709 $2.7M Reduce -0.3%
IVV iShares Core S&P 500 ETF 1.06% 4,565 $2.7M Add +9.6%
NEE Nextera Energy Inc. 0.92% 32,760 $2.3M Reduce -1.5%
ABBV Abbvie Inc. 0.91% 13,005 $2.3M Reduce -0.1%
SNV Synovus Financial Corp. 0.86% 42,493 $2.2M Add +0.6%
SU Suncor Energy Inc. 0.80% 57,100 $2.0M Reduce -0.5%
HPQ HP Inc. 0.79% 61,770 $2.0M Reduce -1.1%
ABT Abbott Laboratories 0.72% 16,235 $1.8M No change
MCD McDonald's Corp. 0.70% 6,158 $1.8M No change
RTX RTX Corp. 0.56% 12,301 $1.4M Reduce -0.8%
KNF Knife River Corp. 0.53% 13,154 $1.3M No change
LH Labcorp Holdings Inc. 0.50% 5,510 $1.3M Reduce -1.8%
COST Costco Wholesale Corp. 0.47% 1,290 $1.2M No change
LOW Lowe's Cos Inc. 0.43% 4,440 $1.1M Add +0.8%
WMT Walmart Inc. 0.41% 11,413 $1.0M No change
BHP BHP Group Ltd.-Spon ADR 0.35% 18,450 $901K Reduce -6.8%
IWM iShares Russell 2000 ETF 0.35% 4,000 $884K No change
DAL Delta Air Lines Inc. 0.35% 14,585 $882K Reduce -1.4%
ODFL Old Dominion Freight Line 0.35% 4,980 $878K No change
CVE Cenovus Energy Inc. 0.34% 56,535 $857K Add +1.6%
MDU Mdu Resources Group Inc. 0.33% 46,578 $839K No change
WY Weyerhaeuser Co. 0.31% 27,895 $785K No change
ECG Everus Construction Group 0.30% 11,642 $765K No change
GL Globe Life Inc. 0.27% 6,050 $675K No change
HON Honeywell International Inc. 0.26% 2,900 $655K Reduce -14.7%
NVDA Nvidia Corp. 0.25% 4,810 $646K Add +0.2%
CCJ Cameco Corp. 0.25% 12,425 $639K No change
DGX Quest Diagnostics Inc. 0.25% 4,230 $638K No change
ANET Arista Networks Inc. 0.24% 5,600 $619K No change
BKR Baker Hughes Co. 0.23% 14,100 $578K No change
DRI Darden Restaurants Inc. 0.22% 3,000 $560K No change
A Agilent Technologies Inc. 0.22% 4,149 $557K No change
HPE Hewlett Packard Enterprise 0.20% 24,250 $518K No change
SHOP Shopify Inc. Class A 0.20% 4,800 $510K No change
RYN Rayonier Inc. 0.20% 19,543 $510K Reduce -2.0%
PFE Pfizer Inc. 0.20% 19,002 $504K Reduce -1.6%
LLY Eli Lilly & Co. 0.20% 650 $502K No change
FDX FedEx Corp. 0.19% 1,755 $494K No change
SYY Sysco Corp. 0.19% 6,250 $478K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.19% 4,000 $470K No change
AMZN Amazon.com Inc. 0.18% 2,100 $461K No change
ENB Enbridge Inc. 0.16% 9,590 $407K No change
WCC Wesco International Inc. 0.16% 2,207 $399K Reduce -2.2%
BTE Baytex Energy Corp. 0.15% 149,492 $386K No change
CRWD CrowdStrike Holdings Inc. Class A 0.15% 1,125 $385K No change
GE General Electric filed as GE AEROSPACE 0.15% 2,212 $369K No change
CRGY Crescent Energy Inc. Class A 0.14% 24,843 $363K No change
AXP American Express Co. 0.14% 1,175 $349K No change
MELI MercadoLibre Inc. 0.13% 200 $340K No change
AVGO Broadcom Inc. 0.13% 1,380 $320K No change
UNP Union Pacific Corp. 0.13% 1,400 $319K No change
BRK.B Berkshire Hathaway Inc. Class B 0.12% 694 $315K No change
KEYS Keysight Technologies Inc. 0.12% 1,850 $297K No change
FRT Federal Realty Invs Trust 0.12% 2,630 $294K No change
OVV Ovintiv Inc. 0.11% 7,074 $286K No change
VWO Vanguard Ftse Emerging Marke 0.11% 6,200 $273K No change
DELL Dell Technologies -C 0.11% 2,368 $273K No change
RF Regions Financial Corp. 0.10% 10,878 $256K No change
GOOGL Alphabet Inc. Class A 0.10% 1,300 $246K No change
GOOG Alphabet Inc. Class C 0.09% 1,200 $229K No change
TOL Toll Brothers Inc. 0.09% 1,800 $227K No change
CMCSA Comcast Corp. Class A 0.09% 5,900 $221K No change
PM Philip Morris International 0.08% 1,680 $202K New
XMVFX BlackRock Munivest Fund 0.03% 10,862 $76K Reduce -6.0%

Portfolio Sells Q3 2024 → Q4 2024
LEN Lennar Corp. Class A Reduce -0.6% 3.68% −1.00
VSEC Vse Corp. Reduce -31.6% 5.72% −0.97
LEN.B Lennar Corp. Class B Reduce -1.5% 3.20% −0.71
NVR NVR Inc. Reduce -1.8% 5.18% −0.64
URI United Rentals Inc. Reduce -0.3% 9.70% −0.58
LGIH Lgi Homes Inc. Reduce -8.0% 1.72% −0.56
FCX Freeport-McMoran Inc. Reduce -0.3% 1.82% −0.38
GIS General Mills Inc. Reduce -1.7% 2.83% −0.24
CAT Caterpillar Inc. Reduce -7.2% 2.05% −0.14
PSX Phillips 66 Reduce -0.1% 1.82% −0.11
MRK Merck & Co. Inc. Reduce -0.4% 1.81% −0.10
NEE Nextera Energy Inc. Reduce -1.5% 0.92% −0.09
BHP BHP Group Ltd.-Spon ADR Reduce -6.8% 0.35% −0.09
CSX CSX Corp. Sold out 0.00% −0.07
SLB SLB Ltd. Sold out 0.00% −0.07
NOV Nov Inc. Sold out 0.00% −0.06
SWN Southwestern Energy Co. Sold out 0.00% −0.05
JNJ Johnson & Johnson Reduce -0.3% 1.07% −0.04
RYN Rayonier Inc. Reduce -2.0% 0.20% −0.03
ABBV Abbvie Inc. Reduce -0.1% 0.91% −0.02
HPQ HP Inc. Reduce -1.1% 0.79% −0.02
PFE Pfizer Inc. Reduce -1.6% 0.20% −0.00
XMVFX BlackRock Munivest Fund Reduce -6.0% 0.03% −0.00
HON Honeywell International Inc. Reduce -14.7% 0.26% +0.00
RTX RTX Corp. Reduce -0.8% 0.56% +0.02
WCC Wesco International Inc. Reduce -2.2% 0.16% +0.02
SU Suncor Energy Inc. Reduce -0.5% 0.80% +0.03
LH Labcorp Holdings Inc. Reduce -1.8% 0.50% +0.04
CF CF Industries Holdings Inc. Reduce -5.1% 1.86% +0.05
DAL Delta Air Lines Inc. Reduce -1.4% 0.35% +0.08
FANG Diamondback Energy Inc. Reduce -0.5% 2.85% +0.08
COP Conocophillips Reduce -0.1% 3.72% +0.08
CVX Chevron Corp. Reduce -0.4% 2.63% +0.16
IBM Intl Business Machines Corp. Reduce -0.4% 3.29% +0.23
BAC Bank of America Corp. Reduce -0.5% 2.28% +0.38
DE Deere & Co. Reduce -0.8% 4.53% +0.39
TFC Truist Financial Corp. Reduce -0.4% 5.67% +0.51
AAPL Apple Inc. Reduce -0.8% 5.23% +0.72

Portfolio Buys Q3 2024 → Q4 2024
SGOV iShares 0-3 Month Treasury B Add +144.5% 1.51% +0.94
IVV iShares Core S&P 500 ETF Add +9.6% 1.06% +0.19
SNV Synovus Financial Corp. Add +0.6% 0.86% +0.18
PM Philip Morris International New 0.08% +0.08
NVDA Nvidia Corp. Add +0.2% 0.25% +0.04
CVE Cenovus Energy Inc. Add +1.6% 0.34% +0.00
LOW Lowe's Cos Inc. Add +0.8% 0.43% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$329.5MURI, VSEC, DE, TFC, CAT
Q1 2026 103$293.1MURI, VSEC, TFC, DE, AAPL
Q4 2025 96$277.9MURI, VSEC, TFC, AAPL, DE
Q3 2025 97$284.2MURI, VSEC, TFC, AAPL, NVR
Q2 2025 95$258.4MURI, VSEC, TFC, DE, IBM
Q1 2025 93$251.3MURI, VSEC, TFC, DE, AAPL
Q4 2024 89$254.0MURI, VSEC, TFC, AAPL, NVR
Q3 2024 91$276.2MURI, VSEC, NVR, TFC, LEN
Q2 2024 91$252.7MURI, VSEC, TFC, NVR, AAPL
Q1 2024 88$262.0MURI, VSEC, NVR, TFC, COP