Montgomery Investment Management Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Montgomery Investment Management Inc. reported 93 stock positions worth $251.3 million. Its top holding was United Rentals (URI) at 8.7% of the portfolio, followed by Vse (VSEC, 7.2%) and Truist Financial (TFC, 5.4%). Compared with Q4 2024, it opened 7 new positions, sold out of 4, added to 20 and reduced 23. The biggest buy was a new position in Berkshire Hathaway Class A (BRK.A) and the biggest sale NVR (NVR, shares −4%).

Most Recent 13F
Q2 2026
Location
ROCKVILLE, MD
CIK
0001272544
Portfolio Value
$251.3M (Q1 2025)
SEC Filing
0001272544-25-000002 ↗ filed May 6, 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 Q4 2024 Q1 2025: $251.3M $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 93 stocks · $251.3M
URI United Rentals Inc. 8.73% 34,993 $21.9M Add +0.1%
VSEC Vse Corp. 7.17% 150,167 $18.0M Reduce -1.7%
TFC Truist Financial Corp. 5.44% 332,089 $13.7M Reduce 0.0%
DE Deere & Co. 5.05% 27,050 $12.7M Reduce -0.3%
AAPL Apple Inc. 4.59% 51,938 $11.5M Reduce -2.1%
NVR NVR Inc. 4.44% 1,539 $11.1M Reduce -4.4%
COP Conocophillips 3.98% 95,331 $10.0M Add +0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 3.75% 37,892 $9.4M Reduce -0.3%
LEN Lennar Corp. Class A 3.13% 68,463 $7.9M No change
CVX Chevron Corp. 3.07% 46,183 $7.7M Add +0.0%
FANG Diamondback Energy Inc. 2.97% 46,694 $7.5M Add +5.8%
LEN.B Lennar Corp. Class B 2.68% 61,668 $6.7M Add +0.2%
GIS General Mills Inc. 2.63% 110,443 $6.6M Reduce -2.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.19% 131,766 $5.5M Add +0.0%
PSX Phillips 66 1.99% 40,495 $5.0M Add +0.0%
MSFT Microsoft Corp. 1.98% 13,255 $5.0M Reduce -1.5%
CAT Caterpillar Inc. 1.89% 14,373 $4.7M No change
SGOV iShares 0-3 Month Treasury B 1.84% 46,020 $4.6M Add +20.7%
FCX Freeport-McMoran Inc. 1.80% 119,730 $4.5M Reduce -1.2%
MRK Merck & Co. Inc. 1.64% 45,823 $4.1M Reduce -0.7%
NOW ServiceNow Inc. 1.62% 5,106 $4.1M Add +0.0%
VLO Valero Energy Corp. 1.57% 29,890 $3.9M No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 1.57% 50,440 $3.9M Reduce -9.0%
JNJ Johnson & Johnson 1.24% 18,729 $3.1M Add +0.1%
LGIH Lgi Homes Inc. 1.21% 45,560 $3.0M Reduce -6.6%
ABBV Abbvie Inc. 1.09% 13,045 $2.7M Add +0.3%
IVV iShares Core S&P 500 ETF 1.03% 4,611 $2.6M Add +1.0%
PNC PNC Financial Services Group 1.01% 14,371 $2.5M No change
SNV Synovus Financial Corp. 0.97% 51,993 $2.4M Add +22.4%
BRK.A Berkshire Hathaway Inc. Class A 0.95% 3 $2.4M New
SU Suncor Energy Inc. 0.88% 57,100 $2.2M No change
ABT Abbott Laboratories 0.86% 16,275 $2.2M Add +0.3%
NEE Nextera Energy Inc. 0.79% 27,860 $2.0M Reduce -15.0%
MCD McDonald's Corp. 0.77% 6,158 $1.9M No change
HPQ HP Inc. 0.68% 61,820 $1.7M Add +0.1%
RTX RTX Corp. 0.65% 12,301 $1.6M No change
MRP Millrose Properties 0.63% 59,546 $1.6M Add +74.0%
LH Labcorp Holdings Inc. 0.51% 5,510 $1.3M No change
COST Costco Wholesale Corp. 0.49% 1,290 $1.2M No change
KNF Knife River Corp. 0.47% 13,154 $1.2M No change
WMT Walmart Inc. 0.40% 11,413 $1.0M No change
LOW Lowe's Cos Inc. 0.39% 4,240 $989K Reduce -4.5%
CCJ Cameco Corp. 0.35% 21,525 $886K Add +73.2%
BHP BHP Group Ltd.-Spon ADR 0.35% 17,950 $871K Reduce -2.7%
ODFL Old Dominion Freight Line 0.33% 4,980 $824K No change
WY Weyerhaeuser Co. 0.33% 27,895 $817K No change
IWM iShares Russell 2000 ETF 0.32% 4,000 $798K No change
GL Globe Life Inc. 0.32% 6,050 $797K No change
CVE Cenovus Energy Inc. 0.31% 56,535 $786K No change
MDU Mdu Resources Group Inc. 0.29% 43,578 $737K Reduce -6.4%
DGX Quest Diagnostics Inc. 0.28% 4,230 $716K No change
EQT Eqt Corp. 0.26% 12,000 $641K New
DAL Delta Air Lines Inc. 0.25% 14,515 $633K Reduce -0.5%
DRI Darden Restaurants Inc. 0.25% 3,000 $623K No change
BKR Baker Hughes Co. 0.25% 14,100 $620K No change
HON Honeywell International Inc. 0.24% 2,900 $614K No change
RYN Rayonier Inc. 0.23% 20,528 $572K Add +5.0%
NVDA Nvidia Corp. 0.22% 5,120 $555K Add +6.4%
LLY Eli Lilly & Co. 0.21% 650 $537K No change
AMZN Amazon.com Inc. 0.20% 2,600 $495K Add +23.8%
A Agilent Technologies Inc. 0.19% 4,149 $485K No change
SYY Sysco Corp. 0.19% 6,250 $469K No change
PFE Pfizer Inc. 0.19% 18,501 $469K Reduce -2.6%
GE General Electric filed as GE AEROSPACE 0.18% 2,212 $443K No change
ANET Arista Networks Inc. 0.17% 5,600 $434K No change
FDX FedEx Corp. 0.17% 1,755 $428K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.17% 9,940 $415K New
CRWD CrowdStrike Holdings Inc. Class A 0.16% 1,125 $397K No change
MELI MercadoLibre Inc. 0.16% 200 $390K No change
ECG Everus Construction Group 0.16% 10,517 $390K Reduce -9.7%
ENB Enbridge Inc. 0.15% 8,705 $386K Reduce -9.2%
HPE Hewlett Packard Enterprise 0.15% 24,250 $374K No change
PR Permian Resources Corp. Class A 0.15% 27,000 $374K New
WCC Wesco International Inc. 0.14% 2,207 $343K No change
BRK.B Berkshire Hathaway Inc. Class B 0.13% 634 $338K Reduce -8.7%
BTE Baytex Energy Corp. 0.13% 149,492 $333K No change
UNP Union Pacific Corp. 0.13% 1,400 $331K No change
AXP American Express Co. 0.13% 1,175 $316K No change
EXE Expand Energy Corp. 0.12% 2,740 $305K New
OVV Ovintiv Inc. 0.12% 7,074 $303K No change
SHOP Shopify Inc. Class A 0.11% 3,000 $286K Reduce -37.5%
HAL Halliburton Co. 0.11% 11,200 $284K New
VWO Vanguard Ftse Emerging Marke 0.11% 6,200 $281K No change
CRGY Crescent Energy Inc. Class A 0.11% 24,843 $279K No change
KEYS Keysight Technologies Inc. 0.11% 1,850 $277K No change
PM Philip Morris International 0.11% 1,680 $267K No change
FRT Federal Realty Invs Trust 0.10% 2,630 $257K No change
AR Antero Resources Corp. 0.09% 5,900 $239K New
AVGO Broadcom Inc. 0.09% 1,380 $231K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.09% 4,000 $219K No change
CMCSA Comcast Corp. Class A 0.09% 5,900 $218K No change
DELL Dell Technologies -C 0.09% 2,368 $216K No change
XMVFX BlackRock Munivest Fund 0.03% 10,158 $71K Reduce -6.5%

Portfolio Sells Q4 2024 → Q1 2025
NVR NVR Inc. Reduce -4.4% 4.44% −0.75
AAPL Apple Inc. Reduce -2.1% 4.59% −0.64
LGIH Lgi Homes Inc. Reduce -6.6% 1.21% −0.51
CF CF Industries Holdings Inc. Reduce -9.0% 1.57% −0.29
MSFT Microsoft Corp. Reduce -1.5% 1.98% −0.25
TFC Truist Financial Corp. Reduce 0.0% 5.44% −0.23
GIS General Mills Inc. Reduce -2.0% 2.63% −0.20
MRK Merck & Co. Inc. Reduce -0.7% 1.64% −0.17
ECG Everus Construction Group Reduce -9.7% 0.16% −0.15
NEE Nextera Energy Inc. Reduce -15.0% 0.79% −0.14
RF Regions Financial Corp. Sold out 0.00% −0.10
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.10
DAL Delta Air Lines Inc. Reduce -0.5% 0.25% −0.10
GOOG Alphabet Inc. Class C Sold out 0.00% −0.09
TOL Toll Brothers Inc. Sold out 0.00% −0.09
SHOP Shopify Inc. Class A Reduce -37.5% 0.11% −0.09
LOW Lowe's Cos Inc. Reduce -4.5% 0.39% −0.04
MDU Mdu Resources Group Inc. Reduce -6.4% 0.29% −0.04
FCX Freeport-McMoran Inc. Reduce -1.2% 1.80% −0.01
PFE Pfizer Inc. Reduce -2.6% 0.19% −0.01
BHP BHP Group Ltd.-Spon ADR Reduce -2.7% 0.35% −0.01
ENB Enbridge Inc. Reduce -9.2% 0.15% −0.01
XMVFX BlackRock Munivest Fund Reduce -6.5% 0.03% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -8.7% 0.13% +0.01
IBM Intl Business Machines Corp. Reduce -0.3% 3.75% +0.46
DE Deere & Co. Reduce -0.3% 5.05% +0.52
VSEC Vse Corp. Reduce -1.7% 7.17% +1.45

Portfolio Buys Q4 2024 → Q1 2025
BRK.A Berkshire Hathaway Inc. Class A New 0.95% +0.95
CVX Chevron Corp. Add +0.0% 3.07% +0.44
SGOV iShares 0-3 Month Treasury B Add +20.7% 1.84% +0.34
MRP Millrose Properties Add +74.0% 0.63% +0.27
COP Conocophillips Add +0.0% 3.98% +0.26
EQT Eqt Corp. New 0.26% +0.26
ABBV Abbvie Inc. Add +0.3% 1.09% +0.18
PSX Phillips 66 Add +0.0% 1.99% +0.17
JNJ Johnson & Johnson Add +0.1% 1.24% +0.17
SLB SLB Ltd. New 0.17% +0.17
PR Permian Resources Corp. Class A New 0.15% +0.15
ABT Abbott Laboratories Add +0.3% 0.86% +0.14
FANG Diamondback Energy Inc. Add +5.8% 2.97% +0.12
EXE Expand Energy Corp. New 0.12% +0.12
HAL Halliburton Co. New 0.11% +0.11
SNV Synovus Financial Corp. Add +22.4% 0.97% +0.11
CCJ Cameco Corp. Add +73.2% 0.35% +0.10
AR Antero Resources Corp. New 0.09% +0.09
RYN Rayonier Inc. Add +5.0% 0.23% +0.03
AMZN Amazon.com Inc. Add +23.8% 0.20% +0.02
IVV iShares Core S&P 500 ETF Add +1.0% 1.03% −0.03
NVDA Nvidia Corp. Add +6.4% 0.22% −0.03
BAC Bank of America Corp. Add +0.0% 2.19% −0.09
HPQ HP Inc. Add +0.1% 0.68% −0.11
NOW ServiceNow Inc. Add +0.0% 1.62% −0.51
LEN.B Lennar Corp. Class B Add +0.2% 2.68% −0.53
URI United Rentals Inc. Add +0.1% 8.73% −0.97

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