Montgomery Investment Management Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Montgomery Investment Management Inc. reported 97 stock positions worth $284.2 million. Its top holding was United Rentals (URI) at 11.4% of the portfolio, followed by Vse (VSEC, 8.4%) and Truist Financial (TFC, 5.1%). Compared with Q2 2025, it opened 5 new positions, sold out of 3, added to 16 and reduced 26. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale Deere (DE, shares −0%).

Most Recent 13F
Q2 2026
Location
ROCKVILLE, MD
CIK
0001272544
Portfolio Value
$284.2M (Q3 2025)
SEC Filing
0001272544-25-000008 ↗ filed Oct 17, 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 Q2 2025 Q3 2025: $284.2M $284.2M Q3 2025 Q4 2025: $277.9M Q4 2025 Q1 2026: $293.1M Q1 2026 Q2 2026: $329.5M Q2 2026

Holdings 97 stocks · $284.2M
URI United Rentals Inc. 11.42% 33,990 $32.4M Reduce -0.0%
VSEC Vse Corp. 8.41% 143,801 $23.9M Reduce -3.0%
TFC Truist Financial Corp. 5.14% 319,341 $14.6M Reduce -0.1%
AAPL Apple Inc. 4.46% 49,750 $12.7M Reduce -0.5%
NVR NVR Inc. 4.12% 1,459 $11.7M No change
DE Deere & Co. 4.12% 25,620 $11.7M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 3.72% 37,492 $10.6M No change
SGOV iShares 0-3 Month Treasury B 3.17% 89,360 $9.0M Add +2.1%
COP Conocophillips 3.11% 93,305 $8.8M Reduce -0.0%
LEN Lennar Corp. Class A 2.99% 67,524 $8.5M Reduce -0.1%
CAT Caterpillar Inc. 2.41% 14,363 $6.9M Reduce -0.1%
LEN.B Lennar Corp. Class B 2.40% 56,867 $6.8M Reduce -0.3%
CVX Chevron Corp. 2.36% 43,173 $6.7M Reduce -0.0%
FANG Diamondback Energy Inc. 2.23% 44,194 $6.3M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.22% 122,273 $6.3M Add +0.0%
MSFT Microsoft Corp. 2.20% 12,055 $6.2M Add +0.8%
PSX Phillips 66 1.87% 38,997 $5.3M Add +0.0%
GIS General Mills Inc. 1.82% 102,643 $5.2M Reduce -6.7%
VLO Valero Energy Corp. 1.77% 29,590 $5.0M No change
NOW ServiceNow Inc. 1.63% 5,021 $4.6M No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 1.59% 50,320 $4.5M Reduce -0.0%
FCX Freeport-McMoran Inc. 1.56% 112,680 $4.4M Reduce -0.0%
MRK Merck & Co. Inc. 1.29% 43,823 $3.7M Reduce -1.1%
IVV iShares Core S&P 500 ETF 1.26% 5,371 $3.6M Add +4.9%
JNJ Johnson & Johnson 1.19% 18,202 $3.4M Reduce -0.2%
ABBV Abbvie Inc. 1.06% 13,045 $3.0M No change
PNC PNC Financial Services Group 1.02% 14,371 $2.9M No change
SU Suncor Energy Inc. 0.83% 56,300 $2.4M No change
SNV Synovus Financial Corp. 0.81% 46,893 $2.3M Reduce -0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.80% 3 $2.3M No change
RTX RTX Corp. 0.72% 12,301 $2.1M No change
ABT Abbott Laboratories 0.69% 14,725 $2.0M Reduce -0.3%
NEE Nextera Energy Inc. 0.69% 26,110 $2.0M Reduce -0.6%
MCD McDonald's Corp. 0.66% 6,158 $1.9M No change
CCJ Cameco Corp. 0.64% 21,852 $1.8M Add +1.5%
LGIH Lgi Homes Inc. 0.60% 32,760 $1.7M Reduce -4.2%
HPQ HP Inc. 0.59% 61,420 $1.7M Reduce -0.7%
MRP Millrose Properties 0.56% 47,503 $1.6M No change
LH Labcorp Holdings Inc. 0.49% 4,810 $1.4M No change
COST Costco Wholesale Corp. 0.42% 1,290 $1.2M No change
WMT Walmart Inc. 0.41% 11,413 $1.2M No change
NVDA Nvidia Corp. 0.40% 6,120 $1.1M Add +3.4%
LOW Lowe's Cos Inc. 0.38% 4,241 $1.1M Add +0.0%
BHP BHP Group Ltd.-Spon ADR 0.35% 17,750 $990K Reduce -1.1%
IWM iShares Russell 2000 ETF 0.34% 4,000 $968K No change
CVE Cenovus Energy Inc. 0.34% 56,535 $961K No change
KNF Knife River Corp. 0.34% 12,404 $953K No change
ECG Everus Construction Group 0.32% 10,517 $902K No change
GL Globe Life Inc. 0.30% 6,050 $865K No change
DAL Delta Air Lines Inc. 0.29% 14,415 $818K No change
ANET Arista Networks Inc. 0.29% 5,600 $816K No change
DGX Quest Diagnostics Inc. 0.28% 4,231 $806K Add +0.0%
PHM Pultegroup Inc. 0.28% 6,000 $793K No change
MDU Mdu Resources Group Inc. 0.27% 43,578 $776K No change
ODFL Old Dominion Freight Line 0.25% 4,980 $701K No change
BKR Baker Hughes Co. 0.24% 14,100 $687K No change
WY Weyerhaeuser Co. 0.24% 27,355 $678K Reduce -1.8%
GE General Electric filed as GE AEROSPACE 0.23% 2,212 $665K No change
EQT Eqt Corp. 0.23% 12,000 $653K No change
HON Honeywell International Inc. 0.21% 2,900 $610K No change
HPE Hewlett Packard Enterprise 0.21% 24,250 $596K No change
AMZN Amazon.com Inc. 0.20% 2,607 $572K Add +0.3%
DRI Darden Restaurants Inc. 0.20% 3,000 $571K No change
RYN Rayonier Inc. 0.19% 20,484 $544K Reduce -0.3%
A Agilent Technologies Inc. 0.19% 4,149 $533K No change
SYY Sysco Corp. 0.18% 6,250 $515K No change
GOOGL Alphabet Inc. Class A 0.17% 2,043 $497K New
LLY Eli Lilly & Co. 0.17% 650 $496K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.17% 716 $477K New
MELI MercadoLibre Inc. 0.16% 200 $467K No change
AVGO Broadcom Inc. 0.16% 1,385 $457K Add +0.1%
SHOP Shopify Inc. Class A 0.16% 3,000 $446K No change
WCC Wesco International Inc. 0.16% 2,107 $446K No change
PFE Pfizer Inc. 0.16% 17,470 $445K Reduce -1.3%
ENB Enbridge Inc. 0.15% 8,705 $439K No change
FDX FedEx Corp. 0.14% 1,710 $403K Reduce -2.6%
AXP American Express Co. 0.14% 1,175 $390K No change
CRWD CrowdStrike Holdings Inc. Class A 0.12% 721 $354K No change
BTE Baytex Energy Corp. 0.12% 149,492 $350K No change
PR Permian Resources Corp. Class A 0.12% 27,000 $346K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.12% 9,940 $342K No change
GEV GE Vernova Inc. 0.12% 549 $338K No change
DELL Dell Technologies -C 0.12% 2,378 $337K Add +0.4%
VWO Vanguard Ftse Emerging Marke 0.12% 6,200 $336K No change
KEYS Keysight Technologies Inc. 0.11% 1,850 $324K No change
BRK.B Berkshire Hathaway Inc. Class B 0.11% 634 $319K No change
EXE Expand Energy Corp. 0.11% 2,940 $312K Add +7.3%
GOOG Alphabet Inc. Class C 0.10% 1,202 $293K Add +0.1%
OVV Ovintiv Inc. 0.10% 7,074 $286K No change
TSLA Tesla Inc. 0.10% 620 $276K New
PM Philip Morris International 0.10% 1,693 $275K Add +0.8%
HAL Halliburton Co. 0.10% 11,000 $271K Reduce -1.8%
RF Regions Financial Corp. 0.08% 8,883 $234K Add +0.1%
CRGY Crescent Energy Inc. Class A 0.08% 24,843 $222K No change
PJT PJT Partners Inc. Class A 0.07% 1,200 $213K New
CSX CSX Corp. 0.07% 6,000 $213K New
UNP Union Pacific Corp. 0.07% 900 $213K No change

Portfolio Sells Q2 2025 → Q3 2025
DE Deere & Co. Reduce -0.0% 4.12% −0.92
GIS General Mills Inc. Reduce -6.7% 1.82% −0.39
FCX Freeport-McMoran Inc. Reduce -0.0% 1.56% −0.34
CF CF Industries Holdings Inc. Reduce -0.0% 1.59% −0.20
TFC Truist Financial Corp. Reduce -0.1% 5.14% −0.18
COP Conocophillips Reduce -0.0% 3.11% −0.14
SNV Synovus Financial Corp. Reduce -0.2% 0.81% −0.13
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.11
AR Antero Resources Corp. Sold out 0.00% −0.09
LGIH Lgi Homes Inc. Reduce -4.2% 0.60% −0.09
ABT Abbott Laboratories Reduce -0.3% 0.69% −0.08
CMCSA Comcast Corp. Class A Sold out 0.00% −0.08
MRK Merck & Co. Inc. Reduce -1.1% 1.29% −0.06
WY Weyerhaeuser Co. Reduce -1.8% 0.24% −0.04
CVX Chevron Corp. Reduce -0.0% 2.36% −0.03
FDX FedEx Corp. Reduce -2.6% 0.14% −0.01
NEE Nextera Energy Inc. Reduce -0.6% 0.69% −0.01
PFE Pfizer Inc. Reduce -1.3% 0.16% −0.01
HPQ HP Inc. Reduce -0.7% 0.59% +0.00
HAL Halliburton Co. Reduce -1.8% 0.10% +0.01
BHP BHP Group Ltd.-Spon ADR Reduce -1.1% 0.35% +0.01
RYN Rayonier Inc. Reduce -0.3% 0.19% +0.01
LEN.B Lennar Corp. Class B Reduce -0.3% 2.40% +0.08
LEN Lennar Corp. Class A Reduce -0.1% 2.99% +0.10
JNJ Johnson & Johnson Reduce -0.2% 1.19% +0.11
CAT Caterpillar Inc. Reduce -0.1% 2.41% +0.25
AAPL Apple Inc. Reduce -0.5% 4.46% +0.49
VSEC Vse Corp. Reduce -3.0% 8.41% +0.89
URI United Rentals Inc. Reduce -0.0% 11.42% +1.51

Portfolio Buys Q2 2025 → Q3 2025
GOOGL Alphabet Inc. Class A New 0.17% +0.17
SPY SS SPDR S&P 500 ETF Trust-US New 0.17% +0.17
TSLA Tesla Inc. New 0.10% +0.10
CSX CSX Corp. New 0.07% +0.07
PJT PJT Partners Inc. Class A New 0.07% +0.07
PSX Phillips 66 Add +0.0% 1.87% +0.07
NVDA Nvidia Corp. Add +3.4% 0.40% +0.04
IVV iShares Core S&P 500 ETF Add +4.9% 1.26% +0.03
CCJ Cameco Corp. Add +1.5% 0.64% +0.03
GOOG Alphabet Inc. Class C Add +0.1% 0.10% +0.02
AVGO Broadcom Inc. Add +0.1% 0.16% +0.01
LOW Lowe's Cos Inc. Add +0.0% 0.38% +0.01
DELL Dell Technologies -C Add +0.4% 0.12% +0.01
RF Regions Financial Corp. Add +0.1% 0.08% +0.00
DGX Quest Diagnostics Inc. Add +0.0% 0.28% −0.01
EXE Expand Energy Corp. Add +7.3% 0.11% −0.01
AMZN Amazon.com Inc. Add +0.3% 0.20% −0.02
BAC Bank of America Corp. Add +0.0% 2.22% −0.02
PM Philip Morris International Add +0.8% 0.10% −0.02
MSFT Microsoft Corp. Add +0.8% 2.20% −0.10
SGOV iShares 0-3 Month Treasury B Add +2.1% 3.17% −0.24

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