# EDGAR Filing Document

**Accession Number:** 0001272544
**File Stem:** 0001272544-25-000008
**Filing Date:** 2025-10
**Character Count:** 13177
**Document Hash:** 5a41f69f5c726ec3e016258f84d2ede8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001272544-25-000008.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0001272544-25-000008

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**EFFECTIVENESS DATE**: 20251017

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MONTGOMERY INVESTMENT MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001272544

**ORGANIZATION NAME:**
- **EIN:** 521513769
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10668
- **FILM NUMBER:** 251399246

**BUSINESS ADDRESS:**
- **STREET 1:** 6229 EXECUTIVE BOULEVARD
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20852
- **BUSINESS PHONE:** 3018979700

**MAIL ADDRESS:**
- **STREET 1:** 6229 EXECUTIVE BOULEVARD
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20852

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** MONTGOMERY INVESTMENT MANAGEMENT INC<br>**Address:** 6229 EXECUTIVE BOULEVARD<br>ROCKVILLE, MD 20852

**Form 13F File Number:** 028-10668

**CRD Number (if applicable):** 000105417

**SEC File Number (if applicable):** 801-30150

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Elaine Schuler<br>**Title:** Vice President<br>**Phone:** 301-897-9700

**Signature, Place, and Date of Signing:**

Elaine Schuler  Rockville, MD  10-17-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 97

**Form 13F Information Table Value Total:** $284189804

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 1972267 | 14725 | SH |  | SOLE | 0 | 7325 | 0 | 7400 |
| ABBVIE INC | COM | 00287Y109 |  | 3020439 | 13045 | SH |  | SOLE | 0 | 6445 | 0 | 6600 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 532524 | 4149 | SH |  | SOLE | 0 | 3463 | 0 | 686 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 496653 | 2043 | SH |  | SOLE | 0 | 1920 | 0 | 123 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 292852 | 1202 | SH |  | SOLE | 0 | 1202 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 572419 | 2607 | SH |  | SOLE | 0 | 2107 | 0 | 500 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 390288 | 1175 | SH |  | SOLE | 0 | 1175 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 12667843 | 49750 | SH |  | SOLE | 0 | 33270 | 0 | 16480 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 815976 | 5600 | SH |  | SOLE | 0 | 5600 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 686952 | 14100 | SH |  | SOLE | 0 | 13300 | 0 | 800 |
| BANK AMERICA CORP | COM | 060505104 |  | 6308057 | 122273 | SH |  | SOLE | 0 | 108542 | 0 | 13731 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 349811 | 149492 | SH |  | SOLE | 0 | 115484 | 0 | 34008 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2262600 | 3 | SH |  | SOLE | 0 | 3 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 318737 | 634 | SH |  | SOLE | 0 | 585 | 0 | 49 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 989563 | 17750 | SH |  | SOLE | 0 | 13550 | 0 | 4200 |
| BROADCOM INC | COM | 11135F101 |  | 457058 | 1385 | SH |  | SOLE | 0 | 1385 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 1832509 | 21852 | SH |  | SOLE | 0 | 16752 | 0 | 5100 |
| CATERPILLAR INC | COM | 149123101 |  | 6853067 | 14363 | SH |  | SOLE | 0 | 10463 | 0 | 3900 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 960530 | 56535 | SH |  | SOLE | 0 | 49505 | 0 | 7030 |
| CF INDS HLDGS INC | COM | 125269100 |  | 4513704 | 50320 | SH |  | SOLE | 0 | 38220 | 0 | 12100 |
| CHEVRON CORP NEW | COM | 166764100 |  | 6704270 | 43173 | SH |  | SOLE | 0 | 33873 | 0 | 9300 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 8825728 | 93305 | SH |  | SOLE | 0 | 79035 | 0 | 14270 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1194063 | 1290 | SH |  | SOLE | 0 | 90 | 0 | 1200 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 |  | 221600 | 24843 | SH |  | SOLE | 0 | 12968 | 0 | 11875 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 353564 | 721 | SH |  | SOLE | 0 | 528 | 0 | 193 |
| CSX CORP | COM | 126408103 |  | 213060 | 6000 | SH |  | SOLE | 0 | 0 | 0 | 6000 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 571080 | 3000 | SH |  | SOLE | 0 | 3000 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 11715001 | 25620 | SH |  | SOLE | 0 | 18500 | 0 | 7120 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 337108 | 2378 | SH |  | SOLE | 0 | 2378 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 818051 | 14415 | SH |  | SOLE | 0 | 12895 | 0 | 1520 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 6324161 | 44194 | SH |  | SOLE | 0 | 31749 | 0 | 12445 |
| ELI LILLY  CO | COM | 532457108 |  | 495950 | 650 | SH |  | SOLE | 0 | 550 | 0 | 100 |
| ENBRIDGE INC | COM | 29250N105 |  | 439254 | 8705 | SH |  | SOLE | 0 | 6737 | 0 | 1968 |
| EQT CORP | COM | 26884L109 |  | 653160 | 12000 | SH |  | SOLE | 0 | 8000 | 0 | 4000 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 901833 | 10517 | SH |  | SOLE | 0 | 9545 | 0 | 972 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 312346 | 2940 | SH |  | SOLE | 0 | 1740 | 0 | 1200 |
| FEDEX CORP | COM | 31428X106 |  | 403235 | 1710 | SH |  | SOLE | 0 | 1451 | 0 | 259 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 4419310 | 112680 | SH |  | SOLE | 0 | 84950 | 0 | 27730 |
| GE AEROSPACE | COM NEW | 369604301 |  | 665414 | 2212 | SH |  | SOLE | 0 | 1587 | 0 | 625 |
| GE VERNOVA INC | COM | 36828A101 |  | 337580 | 549 | SH |  | SOLE | 0 | 393 | 0 | 156 |
| GENERAL MLS INC | COM | 370334104 |  | 5175260 | 102643 | SH |  | SOLE | 0 | 102643 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 864969 | 6050 | SH |  | SOLE | 0 | 6050 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 270600 | 11000 | SH |  | SOLE | 0 | 9400 | 0 | 1600 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 595580 | 24250 | SH |  | SOLE | 0 | 22250 | 0 | 2000 |
| HONEYWELL INTL INC | COM | 438516106 |  | 610450 | 2900 | SH |  | SOLE | 0 | 2000 | 0 | 900 |
| HP INC | COM | 40434L105 |  | 1672467 | 61420 | SH |  | SOLE | 0 | 50320 | 0 | 11100 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 10578743 | 37492 | SH |  | SOLE | 0 | 27832 | 0 | 9660 |
| ISHARES TR | CORE S ETF | 464287200 |  | 3594709 | 5371 | SH |  | SOLE | 0 | 3578 | 0 | 1792 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 967840 | 4000 | SH |  | SOLE | 0 | 4000 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 8998552 | 89360 | SH |  | SOLE | 0 | 69360 | 0 | 20000 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3375042 | 18202 | SH |  | SOLE | 0 | 12072 | 0 | 6130 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 323602 | 1850 | SH |  | SOLE | 0 | 1660 | 0 | 190 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 953495 | 12404 | SH |  | SOLE | 0 | 9745 | 0 | 2659 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 1380759 | 4810 | SH |  | SOLE | 0 | 4310 | 0 | 500 |
| LENNAR CORP | CL A | 526057104 |  | 8510725 | 67524 | SH |  | SOLE | 0 | 55577 | 0 | 11947 |
| LENNAR CORP | CL B | 526057302 |  | 6823471 | 56867 | SH |  | SOLE | 0 | 39603 | 0 | 17264 |
| LGI HOMES INC | COM | 50187T106 |  | 1694020 | 32760 | SH |  | SOLE | 0 | 26160 | 0 | 6600 |
| LOWES COS INC | COM | 548661107 |  | 1065895 | 4241 | SH |  | SOLE | 0 | 4241 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1871462 | 6158 | SH |  | SOLE | 0 | 5658 | 0 | 500 |
| MDU RES GROUP INC | COM | 552690109 |  | 776124 | 43578 | SH |  | SOLE | 0 | 38188 | 0 | 5390 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 467388 | 200 | SH |  | SOLE | 0 | 200 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3678064 | 43823 | SH |  | SOLE | 0 | 33033 | 0 | 10790 |
| MICROSOFT CORP | COM | 594918104 |  | 6243887 | 12055 | SH |  | SOLE | 0 | 8535 | 0 | 3520 |
| MILLROSE PPTYS INC | COM CL A | 601137102 |  | 1596576 | 47503 | SH |  | SOLE | 0 | 43428 | 0 | 4075 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1971044 | 26110 | SH |  | SOLE | 0 | 15710 | 0 | 10400 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1141879 | 6120 | SH |  | SOLE | 0 | 5920 | 0 | 200 |
| NVR INC | COM | 62944T105 |  | 11722569 | 1459 | SH |  | SOLE | 0 | 589 | 0 | 870 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 701084 | 4980 | SH |  | SOLE | 0 | 3600 | 0 | 1380 |
| OVINTIV INC | COM | 69047Q102 |  | 285648 | 7074 | SH |  | SOLE | 0 | 6474 | 0 | 600 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 345600 | 27000 | SH |  | SOLE | 0 | 26000 | 0 | 1000 |
| PFIZER INC | COM | 717081103 |  | 445136 | 17470 | SH |  | SOLE | 0 | 6270 | 0 | 11200 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 274533 | 1693 | SH |  | SOLE | 0 | 1693 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 5304422 | 38997 | SH |  | SOLE | 0 | 29612 | 0 | 9385 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 213276 | 1200 | SH |  | SOLE | 0 | 1200 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2887565 | 14371 | SH |  | SOLE | 0 | 13116 | 0 | 1255 |
| PULTE GROUP INC | COM | 745867101 |  | 792780 | 6000 | SH |  | SOLE | 0 | 6000 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 806428 | 4231 | SH |  | SOLE | 0 | 3981 | 0 | 250 |
| RAYONIER INC | COM | 754907103 |  | 543641 | 20484 | SH |  | SOLE | 0 | 20484 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 234253 | 8883 | SH |  | SOLE | 0 | 8883 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 2058326 | 12301 | SH |  | SOLE | 0 | 6466 | 0 | 5835 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 341638 | 9940 | SH |  | SOLE | 0 | 8540 | 0 | 1400 |
| SERVICENOW INC | COM | 81762P102 |  | 4620726 | 5021 | SH |  | SOLE | 0 | 5021 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 445830 | 3000 | SH |  | SOLE | 0 | 3000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 476985 | 716 | SH |  | SOLE | 0 | 716 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 2353903 | 56300 | SH |  | SOLE | 0 | 45100 | 0 | 11200 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 2301508 | 46893 | SH |  | SOLE | 0 | 37893 | 0 | 9000 |
| SYSCO CORP | COM | 871829107 |  | 514625 | 6250 | SH |  | SOLE | 0 | 6250 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 275726 | 620 | SH |  | SOLE | 0 | 620 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 14600271 | 319341 | SH |  | SOLE | 0 | 274668 | 0 | 44673 |
| UNION PAC CORP | COM | 907818108 |  | 212733 | 900 | SH |  | SOLE | 0 | 0 | 0 | 900 |
| UNITED RENTALS INC | COM | 911363109 |  | 32448893 | 33990 | SH |  | SOLE | 0 | 26330 | 0 | 7660 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 5037993 | 29590 | SH |  | SOLE | 0 | 19390 | 0 | 10200 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 335916 | 6200 | SH |  | SOLE | 0 | 6200 | 0 | 0 |
| VSE CORP | COM | 918284100 |  | 23905547 | 143801 | SH |  | SOLE | 0 | 143801 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1176260 | 11413 | SH |  | SOLE | 0 | 10800 | 0 | 613 |
| WESCO INTL INC | COM | 95082P105 |  | 445631 | 2107 | SH |  | SOLE | 0 | 1867 | 0 | 240 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 678138 | 27355 | SH |  | SOLE | 0 | 23512 | 0 | 3843 |

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