Bank of Montreal Can Boosts Elevance Health Stake

The fund now owns over 225,000 shares of the health insurance company.

Published on Mar. 12, 2026

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Bank of Montreal Can, a major Canadian financial institution, increased its holdings in Elevance Health, Inc. (NYSE:ELV) by 7.6% during the third quarter of 2026. The fund now owns 225,226 shares of the health insurance company's stock, valued at over $72 million.

Why it matters

Elevance Health is one of the largest health benefits companies in the United States, providing a wide range of insurance products and services. The increase in Bank of Montreal Can's stake suggests the fund sees long-term value in Elevance Health's business model and growth prospects.

The details

According to a recent SEC filing, Bank of Montreal Can purchased an additional 15,952 shares of Elevance Health during the third quarter, bringing its total position to 225,226 shares. This represents a 7.6% increase in the fund's holdings compared to the prior quarter. Elevance Health's stock has seen volatility in recent months, trading between $273.71 and $458.75 over the past 52 weeks.

Bank of Montreal Can filed its SEC report on the increased Elevance Health stake on March 12, 2026.
The fund's holdings were as of the end of the third quarter of 2026.

The players