Montgomery Investment Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Montgomery Investment Management Inc. reported 96 stock positions worth $277.9 million. Its top holding was United Rentals (URI) at 9.9% of the portfolio, followed by Vse (VSEC, 8.6%) and Truist Financial (TFC, 5.6%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 12 and reduced 31. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +2%) and the biggest sale United Rentals (URI, shares −0%).

Most Recent 13F
Q2 2026
Location
ROCKVILLE, MD
CIK
0001272544
Portfolio Value
$277.9M (Q4 2025)
SEC Filing
0001272544-26-000001 ↗ filed Jan 16, 2026

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 Q3 2025 Q4 2025: $277.9M $277.9M Q4 2025 Q1 2026: $293.1M Q1 2026 Q2 2026: $329.5M Q2 2026

Holdings 96 stocks · $277.9M
URI United Rentals Inc. 9.88% 33,935 $27.5M Reduce -0.2%
VSEC Vse Corp. 8.61% 138,512 $23.9M Reduce -3.7%
TFC Truist Financial Corp. 5.65% 318,881 $15.7M Reduce -0.1%
AAPL Apple Inc. 4.78% 48,880 $13.3M Reduce -1.8%
DE Deere & Co. 4.22% 25,190 $11.7M Reduce -1.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 3.98% 37,302 $11.0M Reduce -0.5%
NVR NVR Inc. 3.46% 1,319 $9.6M Reduce -9.6%
SGOV iShares 0-3 Month Treasury B 3.28% 90,910 $9.1M Add +1.7%
COP Conocophillips 3.14% 93,267 $8.7M Reduce -0.0%
CAT Caterpillar Inc. 2.95% 14,327 $8.2M Reduce -0.3%
LEN Lennar Corp. Class A 2.47% 66,788 $6.9M Reduce -1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.42% 122,076 $6.7M Reduce -0.2%
FANG Diamondback Energy Inc. 2.39% 44,174 $6.6M Reduce -0.1%
CVX Chevron Corp. 2.37% 43,165 $6.6M Reduce -0.0%
MSFT Microsoft Corp. 2.10% 12,055 $5.8M No change
FCX Freeport-McMoran Inc. 2.06% 112,610 $5.7M Reduce -0.1%
LEN.B Lennar Corp. Class B 1.94% 56,717 $5.4M Reduce -0.3%
PSX Phillips 66 1.81% 38,898 $5.0M Reduce -0.3%
VLO Valero Energy Corp. 1.73% 29,590 $4.8M No change
GIS General Mills Inc. 1.72% 102,843 $4.8M Add +0.2%
MRK Merck & Co. Inc. 1.66% 43,823 $4.6M No change
NOW ServiceNow Inc. 1.38% 25,105 $3.8M No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 1.36% 48,780 $3.8M Reduce -3.1%
JNJ Johnson & Johnson 1.35% 18,163 $3.8M Reduce -0.2%
IVV iShares Core S&P 500 ETF 1.33% 5,384 $3.7M Add +0.2%
PNC PNC Financial Services Group 1.08% 14,371 $3.0M No change
ABBV Abbvie Inc. 1.07% 13,045 $3.0M No change
SU Suncor Energy Inc. 0.90% 56,200 $2.5M Reduce -0.2%
SNV Synovus Financial Corp. 0.84% 46,643 $2.3M Reduce -0.5%
BRK.A Berkshire Hathaway Inc. Class A 0.81% 3 $2.3M No change
RTX RTX Corp. 0.81% 12,301 $2.3M No change
NEE Nextera Energy Inc. 0.75% 26,110 $2.1M No change
CCJ Cameco Corp. 0.72% 21,852 $2.0M No change
MCD McDonald's Corp. 0.68% 6,159 $1.9M Add +0.0%
ABT Abbott Laboratories 0.66% 14,725 $1.8M No change
MRP Millrose Properties 0.51% 47,466 $1.4M Reduce -0.1%
LGIH Lgi Homes Inc. 0.50% 32,260 $1.4M Reduce -1.5%
HPQ HP Inc. 0.48% 59,820 $1.3M Reduce -2.6%
WMT Walmart Inc. 0.46% 11,413 $1.3M No change
LH Labcorp Holdings Inc. 0.43% 4,810 $1.2M No change
NVDA Nvidia Corp. 0.41% 6,120 $1.1M No change
COST Costco Wholesale Corp. 0.40% 1,285 $1.1M Reduce -0.4%
LOW Lowe's Cos Inc. 0.37% 4,233 $1.0M Reduce -0.2%
DAL Delta Air Lines Inc. 0.36% 14,315 $993K Reduce -0.7%
IWM iShares Russell 2000 ETF 0.35% 4,000 $985K No change
BHP BHP Group Ltd.-Spon ADR 0.35% 16,150 $975K Reduce -9.0%
CVE Cenovus Energy Inc. 0.34% 56,535 $957K No change
ECG Everus Construction Group 0.32% 10,517 $900K No change
KNF Knife River Corp. 0.31% 12,404 $873K No change
MDU Mdu Resources Group Inc. 0.31% 43,578 $851K No change
GL Globe Life Inc. 0.30% 6,050 $846K No change
ODFL Old Dominion Freight Line 0.28% 4,980 $781K No change
DGX Quest Diagnostics Inc. 0.26% 4,218 $732K Reduce -0.3%
PHM Pultegroup Inc. 0.25% 6,000 $704K No change
LLY Eli Lilly & Co. 0.25% 650 $699K No change
GE General Electric filed as GE AEROSPACE 0.25% 2,212 $681K No change
ANET Arista Networks Inc. 0.24% 5,000 $655K Reduce -10.7%
WY Weyerhaeuser Co. 0.23% 27,361 $648K Add +0.0%
EQT Eqt Corp. 0.23% 12,000 $643K No change
BKR Baker Hughes Co. 0.23% 14,100 $642K No change
GOOGL Alphabet Inc. Class A 0.23% 2,043 $639K No change
AMZN Amazon.com Inc. 0.22% 2,607 $602K No change
HPE Hewlett Packard Enterprise 0.21% 24,250 $582K No change
HON Honeywell International Inc. 0.20% 2,900 $566K No change
A Agilent Technologies Inc. 0.20% 4,149 $565K No change
DRI Darden Restaurants Inc. 0.20% 3,000 $552K No change
WCC Wesco International Inc. 0.19% 2,107 $515K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.18% 716 $488K No change
FDX FedEx Corp. 0.17% 1,680 $485K Reduce -1.8%
SHOP Shopify Inc. Class A 0.17% 3,000 $483K No change
BTE Baytex Energy Corp. 0.17% 149,492 $483K No change
AVGO Broadcom Inc. 0.17% 1,388 $480K Add +0.2%
RYN Rayonier Inc. 0.17% 21,513 $466K Add +5.0%
SYY Sysco Corp. 0.17% 6,230 $459K Reduce -0.3%
PFE Pfizer Inc. 0.16% 17,470 $435K No change
AXP American Express Co. 0.16% 1,175 $435K No change
ENB Enbridge Inc. 0.15% 8,705 $416K No change
MELI MercadoLibre Inc. 0.14% 200 $403K No change
SLB SLB Ltd. filed as SLB LIMITED 0.14% 9,940 $381K No change
PR Permian Resources Corp. Class A 0.14% 27,000 $379K No change
GOOG Alphabet Inc. Class C 0.14% 1,203 $378K Add +0.1%
KEYS Keysight Technologies Inc. 0.14% 1,850 $376K No change
GEV GE Vernova Inc. 0.13% 549 $359K No change
VWO Vanguard Ftse Emerging Marke 0.12% 6,200 $333K No change
EXE Expand Energy Corp. 0.12% 2,940 $324K No change
BRK.B Berkshire Hathaway Inc. Class B 0.11% 634 $319K No change
HAL Halliburton Co. 0.11% 11,000 $311K No change
DELL Dell Technologies -C 0.11% 2,386 $300K Add +0.3%
TSLA Tesla Inc. 0.10% 620 $279K No change
OVV Ovintiv Inc. 0.10% 7,074 $277K No change
PM Philip Morris International 0.10% 1,708 $274K Add +0.9%
RF Regions Financial Corp. 0.09% 8,888 $241K Add +0.1%
CRGY Crescent Energy Inc. Class A 0.09% 28,596 $240K Add +15.1%
CSX CSX Corp. 0.08% 6,000 $218K No change
UNP Union Pacific Corp. 0.07% 900 $208K No change
AR Antero Resources Corp. 0.07% 5,900 $203K New

Portfolio Sells Q3 2025 → Q4 2025
URI United Rentals Inc. Reduce -0.2% 9.88% −1.54
NVR NVR Inc. Reduce -9.6% 3.46% −0.66
LEN Lennar Corp. Class A Reduce -1.1% 2.47% −0.52
LEN.B Lennar Corp. Class B Reduce -0.3% 1.94% −0.46
CF CF Industries Holdings Inc. Reduce -3.1% 1.36% −0.23
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.12
HPQ HP Inc. Reduce -2.6% 0.48% −0.11
LGIH Lgi Homes Inc. Reduce -1.5% 0.50% −0.10
PJT PJT Partners Inc. Class A Sold out 0.00% −0.07
PSX Phillips 66 Reduce -0.3% 1.81% −0.06
MRP Millrose Properties Reduce -0.1% 0.51% −0.05
ANET Arista Networks Inc. Reduce -10.7% 0.24% −0.05
COST Costco Wholesale Corp. Reduce -0.4% 0.40% −0.02
DGX Quest Diagnostics Inc. Reduce -0.3% 0.26% −0.02
SYY Sysco Corp. Reduce -0.3% 0.17% −0.02
LOW Lowe's Cos Inc. Reduce -0.2% 0.37% −0.01
BHP BHP Group Ltd.-Spon ADR Reduce -9.0% 0.35% +0.00
CVX Chevron Corp. Reduce -0.0% 2.37% +0.01
SNV Synovus Financial Corp. Reduce -0.5% 0.84% +0.03
FDX FedEx Corp. Reduce -1.8% 0.17% +0.03
COP Conocophillips Reduce -0.0% 3.14% +0.04
SU Suncor Energy Inc. Reduce -0.2% 0.90% +0.07
DAL Delta Air Lines Inc. Reduce -0.7% 0.36% +0.07
DE Deere & Co. Reduce -1.7% 4.22% +0.10
FANG Diamondback Energy Inc. Reduce -0.1% 2.39% +0.16
JNJ Johnson & Johnson Reduce -0.2% 1.35% +0.16
BAC Bank of America Corp. Reduce -0.2% 2.42% +0.20
VSEC Vse Corp. Reduce -3.7% 8.61% +0.20
IBM Intl Business Machines Corp. Reduce -0.5% 3.98% +0.25
AAPL Apple Inc. Reduce -1.8% 4.78% +0.32
FCX Freeport-McMoran Inc. Reduce -0.1% 2.06% +0.50
TFC Truist Financial Corp. Reduce -0.1% 5.65% +0.51
CAT Caterpillar Inc. Reduce -0.3% 2.95% +0.54

Portfolio Buys Q3 2025 → Q4 2025
SGOV iShares 0-3 Month Treasury B Add +1.7% 3.28% +0.12
AR Antero Resources Corp. New 0.07% +0.07
IVV iShares Core S&P 500 ETF Add +0.2% 1.33% +0.06
GOOG Alphabet Inc. Class C Add +0.1% 0.14% +0.03
MCD McDonald's Corp. Add +0.0% 0.68% +0.02
AVGO Broadcom Inc. Add +0.2% 0.17% +0.01
CRGY Crescent Energy Inc. Class A Add +15.1% 0.09% +0.01
RF Regions Financial Corp. Add +0.1% 0.09% +0.00
PM Philip Morris International Add +0.9% 0.10% +0.00
WY Weyerhaeuser Co. Add +0.0% 0.23% −0.01
DELL Dell Technologies -C Add +0.3% 0.11% −0.01
RYN Rayonier Inc. Add +5.0% 0.17% −0.02
GIS General Mills Inc. Add +0.2% 1.72% −0.10

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