Bank of Montreal discloses 5.48% Hillman Solutions (HLMN) stake

Rhea-AI Filing Summary

Bank of Montreal and affiliates have disclosed a significant ownership position in Hillman Solutions Corp. As of December 31, 2025, they report beneficial ownership of 10,847,815 shares of Hillman Solutions, representing 5.48% of the outstanding common stock.

The filing aggregates positions across several related entities, including 1001271606 Ontario Inc and Burgundy Asset Management, Inc., which together hold the bulk of the stake. The shares are reported as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Hillman Solutions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Hillman Solutions Corp.

(Name of Issuer)

Hillman Solutions Corp.

(Title of Class of Securities)

431636109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

Bank of Montreal

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,917,163.00
6	Shared Voting Power 880.00
7	Sole Dispositive Power 10,854,467.00
8	Shared Dispositive Power 880.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,855,347.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

BANK OF MONTREAL HOLDING INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 880.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 880.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

880.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

BMO NESBITT BURNS INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 880.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 880.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

880.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

BD

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

BMO FINANCIAL CORP.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,939.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,667.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,667.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.00 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

BMO CAPITAL MARKETS CORP.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 100.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 100.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

100.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

BMO BANK N.A.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,839.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,637.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,637.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.00 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

BMO FAMILY OFFICE, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 930.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

930.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

1001271606 ONTARIO INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,913,239.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,847,815.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,847,815.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.48 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: Position formerly disclosed under Burgundy Asset Management, Inc. BMO acquired Burgundy Asset Management, Inc. effective 05-Nov-2025.

SCHEDULE 13G

CUSIP No. 431636109

1

Names of Reporting Persons

Burgundy Asset Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,913,239.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,847,815.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,847,815.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.48 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Position formerly disclosed under Burgundy Asset Management, Inc. BMO acquired Burgundy Asset Management, Inc. effective 05-Nov-2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hillman Solutions Corp.
(b)	Address of issuer's principal executive offices: 1280 KEMPER MEADOW DR., CINCINNATI, OHIO 45240
Item 2.
(a)	Name of person filing: Bank of Montreal BANK OF MONTREAL HOLDING INC. BMO NESBITT BURNS INC. BMO FINANCIAL CORP. BMO CAPITAL MARKETS CORP. BMO BANK N.A. BMO FAMILY OFFICE, LLC 1001271606 ONTARIO INC Burgundy Asset Management, Inc.
(b)	Address or principal business office or, if none, residence: 1 First Canadian Place Toronto, Ontario, Canada M5X1A1
(c)	Citizenship: Bank of Montreal - CANADA (FEDERAL LEVEL) BANK OF MONTREAL HOLDING INC. - CANADA (FEDERAL LEVEL) BMO NESBITT BURNS INC. - CANADA (FEDERAL LEVEL) BMO FINANCIAL CORP. - DELAWARE BMO CAPITAL MARKETS CORP. - DELAWARE BMO BANK N.A. - ILLINOIS BMO FAMILY OFFICE, LLC - DELAWARE 1001271606 ONTARIO INC - CANADA (FEDERAL LEVEL) Burgundy Asset Management, Inc. - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Hillman Solutions Corp.
(e)	CUSIP No.: 431636109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10,847,815
(b)	Percent of class: 5.48 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Bank of Montreal - 7,917,163 BANK OF MONTREAL HOLDING INC. - 0 BMO NESBITT BURNS INC. - 0 BMO FINANCIAL CORP. - 3,939 BMO CAPITAL MARKETS CORP. - 100 BMO BANK N.A. - 3,839 BMO FAMILY OFFICE, LLC - 0 1001271606 ONTARIO INC - 7,913,239 Burgundy Asset Management, Inc. - 7,913,239
	(ii) Shared power to vote or to direct the vote: Bank of Montreal - 880 BANK OF MONTREAL HOLDING INC. - 880 BMO NESBITT BURNS INC. - 880 BMO FINANCIAL CORP. - 0 BMO CAPITAL MARKETS CORP. - 0 BMO BANK N.A. - 0 BMO FAMILY OFFICE, LLC - 0 1001271606 ONTARIO INC - 0 Burgundy Asset Management, Inc. - 0
	(iii) Sole power to dispose or to direct the disposition of: Bank of Montreal - 10,854,467 BANK OF MONTREAL HOLDING INC. - 0 BMO NESBITT BURNS INC. - 0 BMO FINANCIAL CORP. - 6,667 BMO CAPITAL MARKETS CORP. - 100 BMO BANK N.A. - 5,637 BMO FAMILY OFFICE, LLC - 930 1001271606 ONTARIO INC - 10,847,815 Burgundy Asset Management, Inc. - 10,847,815
	(iv) Shared power to dispose or to direct the disposition of: Bank of Montreal - 880 BANK OF MONTREAL HOLDING INC. - 880 BMO NESBITT BURNS INC. - 880 BMO FINANCIAL CORP. - 0 BMO CAPITAL MARKETS CORP. - 0 BMO BANK N.A. - 0 BMO FAMILY OFFICE, LLC - 0 1001271606 ONTARIO INC - 0 Burgundy Asset Management, Inc. - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Documents
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bank of Montreal

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

BANK OF MONTREAL HOLDING INC.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

BMO NESBITT BURNS INC.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

BMO FINANCIAL CORP.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

BMO CAPITAL MARKETS CORP.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

BMO BANK N.A.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

BMO FAMILY OFFICE, LLC

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

1001271606 ONTARIO INC

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

Burgundy Asset Management, Inc.

Signature:	Kathryn Cenac
Name/Title:	Managing Director - Regulatory Solutions Group
Date:	02/12/2026

FAQ

What stake in Hillman Solutions Corp. (HLMN) does Bank of Montreal report?

Bank of Montreal and its affiliates report beneficial ownership of 10,847,815 Hillman Solutions shares, representing 5.48% of the company’s common stock. This Schedule 13G reflects a significant institutional position as of December 31, 2025, across multiple related BMO entities.

Which Bank of Montreal entities are included in the Hillman Solutions (HLMN) 13G filing?

The filing lists Bank of Montreal and several affiliates, including BMO Nesbitt Burns Inc., BMO Financial Corp., BMO Capital Markets Corp., BMO Bank N.A., BMO Family Office, LLC, 1001271606 Ontario Inc, and Burgundy Asset Management, Inc. Their combined positions form the reported 5.48% stake.

How many Hillman Solutions (HLMN) shares does Burgundy Asset Management report?

Burgundy Asset Management, Inc. reports beneficial ownership of 10,847,815 Hillman Solutions shares, equal to 5.48% of the class. The filing notes this position was formerly disclosed under Burgundy Asset Management and that BMO acquired Burgundy Asset Management, Inc. effective November 5, 2025.

Is Bank of Montreal’s Hillman Solutions (HLMN) stake intended to influence control?

The filing states the Hillman Solutions shares were acquired and are held in the ordinary course of business, not to change or influence control of the issuer. It also specifies they are not held in connection with any control-related transaction under the securities laws.

What voting and dispositive powers does Bank of Montreal report over Hillman Solutions (HLMN) shares?

The reporting entities detail sole and shared voting and dispositive powers across affiliates. For example, 1001271606 Ontario Inc and Burgundy Asset Management, Inc. each report sole voting power over 7,913,239 shares and sole dispositive power over 10,847,815 shares, forming the core of the reported stake.