Montgomery Investment Management Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Montgomery Investment Management Inc. reported 95 stock positions worth $258.4 million. Its top holding was United Rentals (URI) at 9.9% of the portfolio, followed by Vse (VSEC, 7.5%) and Truist Financial (TFC, 5.3%). Compared with Q1 2025, it opened 4 new positions, sold out of 2, added to 5 and reduced 36. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +90%) and the biggest sale Conocophillips (COP, shares −2%).

Most Recent 13F
Q2 2026
Location
ROCKVILLE, MD
CIK
0001272544
Portfolio Value
$258.4M (Q2 2025)
SEC Filing
0001272544-25-000006 ↗ filed Jul 18, 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 Q1 2025 Q2 2025: $258.4M $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 95 stocks · $258.4M
URI United Rentals Inc. 9.91% 33,992 $25.6M Reduce -2.9%
VSEC Vse Corp. 7.52% 148,300 $19.4M Reduce -1.2%
TFC Truist Financial Corp. 5.32% 319,741 $13.7M Reduce -3.7%
DE Deere & Co. 5.04% 25,630 $13.0M Reduce -5.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 4.28% 37,492 $11.1M Reduce -1.1%
NVR NVR Inc. 4.17% 1,459 $10.8M Reduce -5.2%
AAPL Apple Inc. 3.97% 49,973 $10.3M Reduce -3.8%
SGOV iShares 0-3 Month Treasury B 3.41% 87,500 $8.8M Add +90.1%
COP Conocophillips 3.24% 93,333 $8.4M Reduce -2.1%
LEN Lennar Corp. Class A 2.89% 67,613 $7.5M Reduce -1.2%
CVX Chevron Corp. 2.39% 43,185 $6.2M Reduce -6.5%
FANG Diamondback Energy Inc. 2.35% 44,194 $6.1M Reduce -5.3%
LEN.B Lennar Corp. Class B 2.32% 57,068 $6.0M Reduce -7.5%
MSFT Microsoft Corp. 2.30% 11,955 $5.9M Reduce -9.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.24% 122,269 $5.8M Reduce -7.2%
GIS General Mills Inc. 2.21% 110,043 $5.7M Reduce -0.4%
CAT Caterpillar Inc. 2.16% 14,373 $5.6M No change
NOW ServiceNow Inc. 2.00% 5,021 $5.2M Reduce -1.7%
FCX Freeport-McMoran Inc. 1.89% 112,730 $4.9M Reduce -5.8%
PSX Phillips 66 1.80% 38,996 $4.7M Reduce -3.7%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 1.79% 50,340 $4.6M Reduce -0.2%
VLO Valero Energy Corp. 1.54% 29,590 $4.0M Reduce -1.0%
MRK Merck & Co. Inc. 1.36% 44,323 $3.5M Reduce -3.3%
IVV iShares Core S&P 500 ETF 1.23% 5,122 $3.2M Add +11.1%
JNJ Johnson & Johnson 1.08% 18,231 $2.8M Reduce -2.7%
PNC PNC Financial Services Group 1.04% 14,371 $2.7M No change
SNV Synovus Financial Corp. 0.94% 46,993 $2.4M Reduce -9.6%
ABBV Abbvie Inc. 0.94% 13,045 $2.4M No change
BRK.A Berkshire Hathaway Inc. Class A 0.85% 3 $2.2M No change
SU Suncor Energy Inc. 0.82% 56,300 $2.1M Reduce -1.4%
ABT Abbott Laboratories 0.78% 14,775 $2.0M Reduce -9.2%
NEE Nextera Energy Inc. 0.71% 26,260 $1.8M Reduce -5.7%
MCD McDonald's Corp. 0.70% 6,158 $1.8M No change
RTX RTX Corp. 0.70% 12,301 $1.8M No change
LGIH Lgi Homes Inc. 0.68% 34,210 $1.8M Reduce -24.9%
CCJ Cameco Corp. 0.62% 21,525 $1.6M No change
HPQ HP Inc. 0.59% 61,820 $1.5M No change
MRP Millrose Properties 0.52% 47,503 $1.4M Reduce -20.2%
COST Costco Wholesale Corp. 0.49% 1,290 $1.3M No change
LH Labcorp Holdings Inc. 0.49% 4,810 $1.3M Reduce -12.7%
WMT Walmart Inc. 0.43% 11,413 $1.1M No change
KNF Knife River Corp. 0.39% 12,404 $1.0M Reduce -5.7%
LOW Lowe's Cos Inc. 0.36% 4,240 $941K No change
NVDA Nvidia Corp. 0.36% 5,920 $935K Add +15.6%
BHP BHP Group Ltd.-Spon ADR 0.33% 17,950 $863K No change
IWM iShares Russell 2000 ETF 0.33% 4,000 $863K No change
ODFL Old Dominion Freight Line 0.31% 4,980 $808K No change
CVE Cenovus Energy Inc. 0.30% 56,535 $769K No change
DGX Quest Diagnostics Inc. 0.29% 4,230 $760K No change
GL Globe Life Inc. 0.29% 6,050 $752K No change
MDU Mdu Resources Group Inc. 0.28% 43,578 $726K No change
WY Weyerhaeuser Co. 0.28% 27,850 $715K Reduce -0.2%
DAL Delta Air Lines Inc. 0.27% 14,415 $709K Reduce -0.7%
EQT Eqt Corp. 0.27% 12,000 $700K No change
HON Honeywell International Inc. 0.26% 2,900 $675K No change
ECG Everus Construction Group 0.26% 10,517 $668K No change
DRI Darden Restaurants Inc. 0.25% 3,000 $654K No change
PHM Pultegroup Inc. 0.24% 6,000 $633K New
ANET Arista Networks Inc. 0.22% 5,600 $573K No change
AMZN Amazon.com Inc. 0.22% 2,600 $570K No change
GE General Electric filed as GE AEROSPACE 0.22% 2,212 $569K No change
BKR Baker Hughes Co. 0.21% 14,100 $541K No change
MELI MercadoLibre Inc. 0.20% 200 $523K No change
LLY Eli Lilly & Co. 0.20% 650 $507K No change
HPE Hewlett Packard Enterprise 0.19% 24,250 $496K No change
A Agilent Technologies Inc. 0.19% 4,149 $490K No change
SYY Sysco Corp. 0.18% 6,250 $473K No change
RYN Rayonier Inc. 0.18% 20,544 $456K Add +0.1%
PFE Pfizer Inc. 0.17% 17,701 $429K Reduce -4.3%
FDX FedEx Corp. 0.15% 1,755 $399K No change
ENB Enbridge Inc. 0.15% 8,705 $395K No change
WCC Wesco International Inc. 0.15% 2,107 $390K Reduce -4.5%
AVGO Broadcom Inc. 0.15% 1,383 $381K Add +0.2%
AXP American Express Co. 0.15% 1,175 $375K No change
PR Permian Resources Corp. Class A 0.14% 27,000 $368K No change
CRWD CrowdStrike Holdings Inc. Class A 0.14% 721 $367K Reduce -35.9%
SHOP Shopify Inc. Class A 0.13% 3,000 $346K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.13% 9,940 $336K No change
EXE Expand Energy Corp. 0.12% 2,740 $320K No change
BRK.B Berkshire Hathaway Inc. Class B 0.12% 634 $308K No change
VWO Vanguard Ftse Emerging Marke 0.12% 6,200 $307K No change
PM Philip Morris International 0.12% 1,680 $306K No change
KEYS Keysight Technologies Inc. 0.12% 1,850 $303K No change
GEV GE Vernova Inc. 0.11% 549 $291K New
DELL Dell Technologies -C 0.11% 2,368 $290K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.11% 4,000 $288K No change
OVV Ovintiv Inc. 0.10% 7,074 $269K No change
BTE Baytex Energy Corp. 0.10% 149,492 $268K No change
AR Antero Resources Corp. 0.09% 5,900 $238K No change
HAL Halliburton Co. 0.09% 11,200 $228K No change
CRGY Crescent Energy Inc. Class A 0.08% 24,843 $214K No change
GOOG Alphabet Inc. Class C 0.08% 1,201 $213K New
CMCSA Comcast Corp. Class A 0.08% 5,900 $211K No change
RF Regions Financial Corp. 0.08% 8,878 $209K New
UNP Union Pacific Corp. 0.08% 900 $207K Reduce -35.7%

Portfolio Sells Q1 2025 → Q2 2025
COP Conocophillips Reduce -2.1% 3.24% −0.74
CVX Chevron Corp. Reduce -6.5% 2.39% −0.68
AAPL Apple Inc. Reduce -3.8% 3.97% −0.62
FANG Diamondback Energy Inc. Reduce -5.3% 2.35% −0.62
LGIH Lgi Homes Inc. Reduce -24.9% 0.68% −0.52
GIS General Mills Inc. Reduce -0.4% 2.21% −0.42
LEN.B Lennar Corp. Class B Reduce -7.5% 2.32% −0.35
MRK Merck & Co. Inc. Reduce -3.3% 1.36% −0.28
NVR NVR Inc. Reduce -5.2% 4.17% −0.27
LEN Lennar Corp. Class A Reduce -1.2% 2.89% −0.23
PSX Phillips 66 Reduce -3.7% 1.80% −0.19
JNJ Johnson & Johnson Reduce -2.7% 1.08% −0.16
TFC Truist Financial Corp. Reduce -3.7% 5.32% −0.12
MRP Millrose Properties Reduce -20.2% 0.52% −0.10
FRT Federal Realty Invs Trust Sold out 0.00% −0.10
ABT Abbott Laboratories Reduce -9.2% 0.78% −0.08
NEE Nextera Energy Inc. Reduce -5.7% 0.71% −0.08
KNF Knife River Corp. Reduce -5.7% 0.39% −0.08
SU Suncor Energy Inc. Reduce -1.4% 0.82% −0.06
UNP Union Pacific Corp. Reduce -35.7% 0.08% −0.05
WY Weyerhaeuser Co. Reduce -0.2% 0.28% −0.05
VLO Valero Energy Corp. Reduce -1.0% 1.54% −0.03
XMVFX BlackRock Munivest Fund Sold out 0.00% −0.03
SNV Synovus Financial Corp. Reduce -9.6% 0.94% −0.03
LH Labcorp Holdings Inc. Reduce -12.7% 0.49% −0.02
PFE Pfizer Inc. Reduce -4.3% 0.17% −0.02
CRWD CrowdStrike Holdings Inc. Class A Reduce -35.9% 0.14% −0.02
DE Deere & Co. Reduce -5.3% 5.04% −0.01
WCC Wesco International Inc. Reduce -4.5% 0.15% +0.01
DAL Delta Air Lines Inc. Reduce -0.7% 0.27% +0.02
BAC Bank of America Corp. Reduce -7.2% 2.24% +0.05
FCX Freeport-McMoran Inc. Reduce -5.8% 1.89% +0.09
CF CF Industries Holdings Inc. Reduce -0.2% 1.79% +0.22
MSFT Microsoft Corp. Reduce -9.8% 2.30% +0.32
VSEC Vse Corp. Reduce -1.2% 7.52% +0.35
NOW ServiceNow Inc. Reduce -1.7% 2.00% +0.38
IBM Intl Business Machines Corp. Reduce -1.1% 4.28% +0.53
URI United Rentals Inc. Reduce -2.9% 9.91% +1.18

Portfolio Buys Q1 2025 → Q2 2025
SGOV iShares 0-3 Month Treasury B Add +90.1% 3.41% +1.57
PHM Pultegroup Inc. New 0.24% +0.24
IVV iShares Core S&P 500 ETF Add +11.1% 1.23% +0.20
NVDA Nvidia Corp. Add +15.6% 0.36% +0.14
GEV GE Vernova Inc. New 0.11% +0.11
GOOG Alphabet Inc. Class C New 0.08% +0.08
RF Regions Financial Corp. New 0.08% +0.08
AVGO Broadcom Inc. Add +0.2% 0.15% +0.06
RYN Rayonier Inc. Add +0.1% 0.18% −0.05

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