MONTGOMERY INVESTMENT MANAGEMENT INC
Long book
$293.1M
Q1 2026
Positions
103
Top-10 weight
48%
concentration
Last quarter
+11.5%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsMONTGOMERY INVESTMENT MANAGEMENT INC is a diversified fundamental manager, running a $293.1M US long book across 103 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: UNITED RENTALS INC, VSE CORP, TRUIST FINANCIAL CORP, DEERE & CO, APPLE INC.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.2%
Q2 2024
+9.9%
Q3 2024
-5.2%
Q4 2024
-2.2%
Q1 2025
+4.6%
Q2 2025
+10.6%
Q3 2025
-0.6%
Q4 2025
+5.5%
Q1 2026
+11.5%
Sector allocation
Industrials 20%
Energy 20%
Services media 17%
Technology 13%
Financials 11%
Healthcare 6%
Materials 4%
Consumer discretionary 3%
Long book by quarter
What does MONTGOMERY INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| URI UNITED RENTALS INC | Services media | 34.0K | $24.8M | 8.5% | +0.3% |
| VSEC VSE CORP | Services media | 123.7K | $22.8M | 7.8% | -10.7% |
| TFC TRUIST FINANCIAL CORP | Financials | 318.1K | $14.6M | 5.0% | -0.2% |
| DE DEERE & CO | Industrials | 25.3K | $14.2M | 4.9% | +0.4% |
| AAPL APPLE INC | Technology | 49.1K | $12.5M | 4.2% | +0.4% |
| COP CONOCOPHILLIPS | Energy | 93.7K | $12.4M | 4.2% | +0.5% |
| CAT CATERPILLAR INC | Industrials | 14.3K | $10.1M | 3.5% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 37.5K | $9.1M | 3.1% | +0.5% |
| CVX CHEVRON CORP | Energy | 43.2K | $8.9M | 3.0% | 0.0% |
| FANG DIAMONDBACK ENERGY INC | Energy | 44.5K | $8.8M | 3.0% | +0.7% |
| NVR NVR INC | Industrials | 1.3K | $8.7M | 3.0% | Held |
| VLO VALERO ENERGY CORP | Energy | 29.9K | $7.4M | 2.5% | +1.0% |
| PSX PHILLIPS 66 | Energy | 38.7K | $7.1M | 2.4% | -0.5% |
| FCX FREEPORT-MCMORAN INC | Materials | 113.4K | $6.7M | 2.3% | +0.7% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 48.6K | $6.3M | 2.2% | -0.4% |
| BAC BANK OF AMERICA CORP | Financials | 123.0K | $6.0M | 2.0% | +0.7% |
| LEN LENNAR CORP-A | Industrials | 66.8K | $5.8M | 2.0% | Held |
| MRK MERCK & CO. INC. | Healthcare | 43.8K | $5.3M | 1.8% | Held |
| MSFT MICROSOFT CORP | Technology | 12.7K | $4.7M | 1.6% | +5.2% |
| LEN/B LENNAR CORP - B SHS | Industrials | 55.3K | $4.7M | 1.6% | -2.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 18.2K | $4.4M | 1.5% | 0.0% |
| GIS GENERAL MILLS INC | Consumer staples | 102.8K | $3.8M | 1.3% | Held |
| SU SUNCOR ENERGY INC | Energy | 56.2K | $3.7M | 1.3% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 14.4K | $3.0M | 1.0% | Held |
| ABBV ABBVIE INC | Healthcare | 13.0K | $2.8M | 1.0% | Held |
| NOW SERVICENOW INC | Technology | 25.1K | $2.6M | 0.9% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 26.1K | $2.4M | 0.8% | Held |
| CCJ CAMECO CORP | Materials | 22.3K | $2.4M | 0.8% | +1.8% |
| RTX RTX CORP | Industrials | 12.3K | $2.4M | 0.8% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 3 | $2.2M | 0.7% | Held |
| PNFP PINNACLE FINANCIAL PARTNERS | Financials | 24.9K | $2.1M | 0.7% | New |
| MCD MCDONALD'S CORP | Consumer discretionary | 6.2K | $1.9M | 0.7% | Held |
| CVE CENOVUS ENERGY INC | Energy | 58.8K | $1.6M | 0.5% | +4.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 14.7K | $1.5M | 0.5% | Held |
| WMT WALMART INC | Consumer discretionary | 11.4K | $1.4M | 0.5% | Held |
| LH LABCORP HOLDINGS INC | Healthcare | 4.8K | $1.3M | 0.4% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.3K | $1.3M | 0.4% | Held |
| LGIH LGI HOMES INC | Industrials | 30.1K | $1.2M | 0.4% | -6.7% |
| ECG EVERUS CONSTRUCTION GROUP | Industrials | 10.0K | $1.2M | 0.4% | -5.2% |
| NVDA NVIDIA CORP | Technology | 6.4K | $1.1M | 0.4% | +4.1% |
| HPQ HP INC | Technology | 53.0K | $1.0M | 0.3% | -11.5% |
| KNF KNIFE RIVER CORP | Materials | 12.4K | $1.0M | 0.3% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 4.2K | $1.0M | 0.3% | 0.0% |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 5.0K | $973K | 0.3% | Held |
| DAL DELTA AIR LINES INC | Industrials | 14.3K | $952K | 0.3% | Held |
| MDU MDU RESOURCES GROUP INC | Materials | 43.6K | $903K | 0.3% | Held |
| BKR BAKER HUGHES CO | Industrials | 14.1K | $861K | 0.3% | Held |
| GL GLOBE LIFE INC | Financials | 6.0K | $842K | 0.3% | Held |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 4.2K | $827K | 0.3% | 0.0% |
| EQT EQT CORP | Energy | 12.8K | $815K | 0.3% | +6.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 103 | $293.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 96 | $277.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 97 | $284.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 95 | $258.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 93 | $251.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 89 | $254.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 91 | $276.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 91 | $252.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 88 | $262.0M | canonical | SEC ↗ |
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