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 | |
|---|---|---|---|---|---|---|
3101
Middlesex Water
MSEX
$1.11B
| $218K | ﹤0.01% |
2,637
-37
| -1% | -$2.9K |
|
3102
Oxford Industries
OXM
$534M
| $218K | ﹤0.01% |
2,178
-647
| -23% | -$66.3K |
|
3103
PUT
Chewy
CHWY
$9.14B
| $218K | ﹤0.01% |
+5,500
| New | +$191K |
|
3104
Zymeworks
ZYME
$1.77B
| $218K | ﹤0.01% |
25,182
-2,467
| -9% | -$22.1K |
|
3105
Urban Outfitters
URBN
$6.66B
| $218K | ﹤0.01% |
6,567
-1,433
| -18% | -$41.8K |
|
3106
US Global Investors
GROW
$38.6M
| $218K | ﹤0.01% |
70,463
-711
| -1% | -$1.98K |
|
3107
Suburban Propane Partners
SPH
$1.18B
| $218K | ﹤0.01% |
+14,437
| New | +$218K |
|
|
BCTX
3108
Briacell Therapeutics
BCTX
$29.6M
| $217K | ﹤0.01% |
231
+63
| +38% | +$62.2K |
|
3109
Brady Corp
BRC
$4.39B
| $217K | ﹤0.01% |
4,353
-1,983
| -31% | -$99.7K |
|
3110
CALL
Ford
F
$56.3B
| $217K | ﹤0.01% |
14,300
+7,000
| +96% | +$88.6K |
|
|
EIM
3111
Eaton Vance Municipal Bond Fund
EIM
$499M
| $217K | ﹤0.01% |
+18,872
| New | +$190K |
|
3112
Champion Homes
SKY
$5.21B
| $217K | ﹤0.01% |
3,279
-13,099
| -80% | -$890K |
|
3113
Invesco Food & Beverage ETF
PBJ
$109M
| $217K | ﹤0.01% |
4,616
-63,749
| -93% | -$2.95M |
|
|
VRNA
3114
DELISTED
Verona Pharma
VRNA
| $217K | ﹤0.01% |
10,000
-12,000
| -55% | -$256K |
|
3115
Nuveen Enhanced Yield US Aggregate Bond ETF
NUAG
$96.7M
| $216K | ﹤0.01% |
+10,426
| New | +$217K |
|
3116
Vanguard Industrials ETF
VIS
$8.54B
| $216K | ﹤0.01% |
1,051
-28,129
| -96% | -$5.38M |
|
3117
Invesco S&P 500 Revenue ETF
RWL
$10B
| $216K | ﹤0.01% |
2,703
| – | – |
|
3118
Ryan Specialty Holdings
RYAN
$10.8B
| $216K | ﹤0.01% |
4,795
-3,752
| -44% | -$158K |
|
3119
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$24.5B
| $216K | ﹤0.01% |
+8,373
| New | +$154K |
|
3120
Sunstone Hotel Investors
SHO
$2.04B
| $216K | ﹤0.01% |
21,312
-8,261
| -28% | -$82.3K |
|
3121
BioLife Solutions
BLFS
$1.71B
| $216K | ﹤0.01% |
9,117
-1,918
| -17% | -$40.4K |
|
|
CHIX
3122
DELISTED
Global X MSCI China Financials ETF
CHIX
| $214K | ﹤0.01% |
17,418
+15,532
| +824% | +$193K |
|
3123
James Hardie Industries
JHX
$18B
| $214K | ﹤0.01% |
+7,755
| New | +$187K |
|
3124
Methode Electronics
MEI
$608M
| $214K | ﹤0.01% |
5,605
-1,422
| -20% | -$58K |
|
3125
WaFd
WAFD
$2.82B
| $214K | ﹤0.01% |
7,191
-2,068
| -22% | -$57.3K |
|
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.