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Bank of Montreal Can Increases Reddit Inc. Stake
The institutional investor now owns 379,939 shares of the social media company.
Published on Mar. 12, 2026
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Bank of Montreal Can increased its holdings in shares of Reddit Inc. (NYSE:RDDT) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 379,939 shares of the company's stock, worth approximately $87.4 million.
Why it matters
This investment by a major institutional investor like Bank of Montreal Can signals continued confidence in Reddit's growth potential, even as the stock has faced some volatility. Reddit has become an increasingly influential social media platform, particularly for discussions around investing and financial markets.
The details
According to the filing, Bank of Montreal Can bought an additional 33,769 shares of Reddit during the third quarter, bringing its total stake to 379,939 shares. This represents about 0.20% of Reddit's outstanding shares. The investment comes as Reddit has faced some analyst downgrades, with one firm recently lowering its price target on concerns about the company's growth trajectory.
- Bank of Montreal Can increased its Reddit stake during the third quarter of 2026.
The players
Bank of Montreal Can
A major Canadian financial institution and institutional investor.
Reddit Inc.
The social media and discussion platform company, trading on the NYSE under the ticker RDDT.
The takeaway
Despite some recent analyst concerns, this investment by a prominent institutional investor like Bank of Montreal Can suggests there is still confidence in Reddit's long-term growth prospects as a leading social media platform, particularly in the investing and finance communities.
