Bank of Montreal Portfolio holdings
Bank of Montreal (BMO), established in 1817 as Canada’s first chartered bank and headquartered in Montreal, Quebec (with key operations in Toronto), is a major North American financial institution offering personal and commercial banking, wealth management, and capital markets services. Managing hundreds of billions in assets, BMO serves over 13 million customers, with a strong U.S. presence through BMO Harris Bank, bolstered by its 1984 acquisition of Harris Bank and the 2022 purchase of Bank of the West, expanding its footprint to 32 states. Known for its longevity and stability, BMO has paid dividends since 1829, one of the longest streaks globally, and emphasizes digital innovation and sustainable finance under CEO Darryl White. With a global reach spanning North America, Europe, and Asia, BMO blends its historical roots with a modern focus on customer-centric growth.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.05B |
| 2 |
Scotiabank
BNS
|
+$748M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$737M |
| 4 |
Amazon
AMZN
|
+$610M |
| 5 |
Meta Platforms (Facebook)
META
|
+$568M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$436M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$325M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$260M |
| 4 |
Mastercard
MA
|
+$233M |
| 5 |
Citigroup
C
|
+$212M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 25.32% |
| 2 | Consumer Discretionary | 17.73% |
| 3 | Financials | 14.01% |
| 4 | Technology | 12.46% |
| 5 | Industrials | 4.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2776
Kontoor Brands
KTB
$4.69B
| $350K | ﹤0.01% |
8,266
-2,245
| -21% | -$96.4K |
|
2777
Porch Group
PRCH
$1.97B
| $350K | ﹤0.01% |
246,160
-12,113
| -5% | -$14.7K |
|
2778
Invesco MSCI Sustainable Future ETF
ERTH
$138M
| $349K | ﹤0.01% |
7,014
+4,524
| +182% | +$215K |
|
2779
AdvisorShares Ranger Equity Bear ETF
HDGE
$52.6M
| $348K | ﹤0.01% |
14,875
-7,000
| -32% | -$176K |
|
2780
Vanguard Energy ETF
VDE
$10.6B
| $348K | ﹤0.01% |
3,069
-7,262
| -70% | -$818K |
|
2781
Bel Fuse Inc Class A
BELFA
$3.51B
| $346K | ﹤0.01% |
+5,839
| New | +$265K |
|
2782
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.27B
| $346K | ﹤0.01% |
8,225
-310
| -4% | -$12.6K |
|
2783
Sibanye-Stillwater
SBSW
$7.62B
| $345K | ﹤0.01% |
46,750
-38,959
| -45% | -$307K |
|
2784
AXIS Capital
AXS
$7.38B
| $345K | ﹤0.01% |
6,265
+572
| +10% | +$31.3K |
|
2785
Moelis & Co
MC
$5.07B
| $345K | ﹤0.01% |
+7,530
| New | +$300K |
|
2786
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.3B
| $343K | ﹤0.01% |
14,901
-13,437
| -47% | -$306K |
|
|
SIX
2787
DELISTED
Six Flags Entertainment Corp.
SIX
| $342K | ﹤0.01% |
12,135
-134,814
| -92% | -$3.49M |
|
2788
Vera Bradley
VRA
$93M
| $342K | ﹤0.01% |
+53,549
| New | +$302K |
|
2789
Gibraltar Industries
ROCK
$1.42B
| $342K | ﹤0.01% |
5,410
-951
| -15% | -$51.4K |
|
2790
Boston Beer
SAM
$1.91B
| $342K | ﹤0.01% |
1,010
-953
| -49% | -$306K |
|
2791
Scholastic
SCHL
$781M
| $342K | ﹤0.01% |
8,684
-1,504
| -15% | -$58.4K |
|
2792
Tower Semiconductor
TSEM
$30B
| $341K | ﹤0.01% |
33,759
+32
| +0.1% | +$1.32K |
|
|
TPMN
2793
DELISTED
Timothy Plan Market Neutral ETF
TPMN
| $341K | ﹤0.01% |
+13,794
| New | +$340K |
|
2794
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.66B
| $341K | ﹤0.01% |
17,451
-6,722
| -28% | -$132K |
|
2795
Artisan Partners
APAM
$2.99B
| $340K | ﹤0.01% |
+8,506
| New | +$294K |
|
2796
MACOM Technology Solutions
MTSI
$24.2B
| $339K | ﹤0.01% |
5,167
-3,518
| -41% | -$213K |
|
2797
Grocery Outlet
GO
$1.1B
| $339K | ﹤0.01% |
11,039
+867
| +9% | +$25.3K |
|
2798
ESAB
ESAB
$5.27B
| $339K | ﹤0.01% |
5,078
-37,130
| -88% | -$2.25M |
|
2799
Invesco Agriculture Commodity Strategy No K-1 ETF
PDBA
$310M
| $339K | ﹤0.01% |
+10,500
| New | +$323K |
|
2800
Matrix Service
MTRX
$335M
| $339K | ﹤0.01% |
56,610
+28,610
| +102% | +$157K |
|
Similar funds
Bank of Montreal's Q2 2023 Portfolio in Review
As of Q2 2023, Bank of Montreal held 4,470 positions worth $289B, up 16% from $250B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Bank of Montreal deployed $11.2B of net new capital in Q2 2023, opening 724 new positions and adding to 1,307 existing holdings. Its largest new stake was Kenvue: 2,879,315 shares worth $73.8M.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $436M trimmed.
- Bank of Montreal's largest Q2 2023 buy was Kenvue: 2,879,315 shares worth $73.8M.
- Bank of Montreal added most to Apple in Q2 2023, an estimated $1.05B increase.
- Bank of Montreal's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $436M.
- Bank of Montreal fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $206M.
- Bank of Montreal's ten largest holdings make up 52% of its $289B portfolio in Q2 2023.
- Bank of Montreal opened 724 new positions and closed 534 in Q2 2023.
- Bank of Montreal's portfolio value rose 16% quarter-over-quarter to $289B.
Based on Bank of Montreal's 13F filing for Q2 2023, filed 2 Aug 2023.