Bank of Montreal Can Cuts Holdings in Salesforce Inc.

The institutional investor reduced its stake in the CRM provider by 25% in the third quarter.

Published on Mar. 11, 2026

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Bank of Montreal Can, an institutional investor, decreased its holdings in Salesforce Inc. (NYSE:CRM) by 25.0% in the third quarter, according to the company's recent 13F filing with the Securities and Exchange Commission. The investor now owns 1,059,031 shares of the CRM provider's stock, valued at around $250,990,000.

Why it matters

This move by Bank of Montreal Can, a major institutional investor, could signal a shift in sentiment around Salesforce's stock. Institutional investors' trading activity is closely watched as it can influence the overall market performance of a stock.

The details

According to the 13F filing, Bank of Montreal Can sold 352,348 shares of Salesforce during the third quarter, reducing its stake in the company to around 0.11% of the CRM provider's outstanding shares.

  • Bank of Montreal Can made the changes to its Salesforce holdings in the third quarter of the year.

The players

Bank of Montreal Can

A major Canadian financial institution and institutional investor.

Salesforce Inc.

A global provider of cloud-based customer relationship management (CRM) and enterprise software solutions.

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The takeaway

The reduction in Bank of Montreal Can's Salesforce holdings could signal broader market concerns about the CRM provider's stock performance, though it's unclear if this is part of a larger portfolio rebalancing strategy by the institutional investor.