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 |
Brookfield
BN
|
+$1.22B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$636M |
| 3 |
Toronto Dominion Bank
TD
|
+$563M |
| 4 |
Scotiabank
BNS
|
+$505M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$444M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$439M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$314M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$209M |
| 4 |
SJR
Shaw Communications Inc.
SJR
|
+$209M |
| 5 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.37% |
| 2 | Financials | 18.08% |
| 3 | Consumer Discretionary | 15.83% |
| 4 | Technology | 11.24% |
| 5 | Industrials | 5.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
PUT
Royal Bank of Canada
RY
$298B
| $39.1M | 0.02% |
297,000
+152,000
| +105% | +$15.1M |
|
452
Campbell Soup
CPB
$6.92B
| $38.6M | 0.02% |
701,326
+10,105
| +1% | +$536K |
|
453
TransDigm Group
TDG
$68.8B
| $38.6M | 0.02% |
52,191
+14,297
| +38% | +$10.2M |
|
454
Dow Inc
DOW
$21.9B
| $38.4M | 0.02% |
700,776
-74,284
| -10% | -$4.18M |
|
455
Johnson Controls International
JCI
$91.9B
| $38.4M | 0.02% |
615,204
-666,366
| -52% | -$42.7M |
|
456
Kinross Gold
KGC
$31.8B
| $38.4M | 0.02% |
8,102,281
-153,742
| -2% | -$652K |
|
457
MSCI
MSCI
$42B
| $38.2M | 0.02% |
68,321
-16,184
| -19% | -$8.56M |
|
458
Vanguard Russell 1000 Value ETF
VONV
$22B
| $38.1M | 0.02% |
569,902
-173,475
| -23% | -$11.8M |
|
459
Corpay
CPAY
$27.9B
| $38M | 0.02% |
180,203
+75,748
| +73% | +$15.4M |
|
460
PUT
iShares MSCI EAFE ETF
EFA
$80.3B
| $38M | 0.02% |
500,000
| – | – |
|
461
W.R. Berkley
WRB
$26.2B
| $38M | 0.02% |
914,202
+493,351
| +117% | +$22.1M |
|
462
Xcel Energy
XEL
$49.4B
| $37.8M | 0.02% |
560,425
-271,012
| -33% | -$18.3M |
|
463
LyondellBasell Industries
LYB
$20.2B
| $37.6M | 0.02% |
400,196
+29,885
| +8% | +$2.78M |
|
464
Baxter International
BAX
$14B
| $37.3M | 0.01% |
919,725
-416,580
| -31% | -$17.7M |
|
465
MarketAxess Holdings
MKTX
$5.72B
| $37M | 0.01% |
94,351
-10,714
| -10% | -$3.79M |
|
466
PUT
Advanced Micro Devices
AMD
$794B
| $37M | 0.01% |
377,000
+170,500
| +83% | +$13.9M |
|
467
Devon Energy
DVN
$48.8B
| $36.9M | 0.01% |
727,731
-1,176,885
| -62% | -$67M |
|
468
iShares Core International Aggregate Bond Fund
IAGG
$11.4B
| $36.9M | 0.01% |
752,816
+748,727
| +18,311% | +$36.3M |
|
469
IQVIA
IQV
$39.8B
| $36.5M | 0.01% |
183,758
+49,015
| +36% | +$10.5M |
|
470
Frontline
FRO
$9.02B
| $36.5M | 0.01% |
2,202,332
+1,193,814
| +118% | +$18.8M |
|
471
ResMed
RMD
$33B
| $36.4M | 0.01% |
165,972
+42,675
| +35% | +$9.26M |
|
472
OR Royalties Inc
OR
$6.15B
| $36.3M | 0.01% |
2,290,607
+1,400,357
| +157% | +$18.9M |
|
473
Waters Corp
WAT
$40.8B
| $36.2M | 0.01% |
114,454
-106,337
| -48% | -$34.4M |
|
474
Ingredion
INGR
$6.66B
| $36M | 0.01% |
352,515
+4,760
| +1% | +$475K |
|
|
PARA
475
PUT
DELISTED
Paramount Global Class B
PARA
| $35.8M | 0.01% |
907,600
-875,800
| -49% | -$18.8M |
|
Similar funds
Bank of Montreal's Q1 2023 Portfolio in Review
As of Q1 2023, Bank of Montreal held 4,502 positions worth $250B, up 8.3% from $231B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Bank of Montreal's Q1 2023 filing shows 581 new, 1,570 increased, 1,270 reduced and 751 closed positions. Its largest new stake was Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A: 236,055 shares worth $28.2M. The largest sale was Suncor Energy, an estimated $439M.
By sector, the portfolio is most concentrated in Communication Services at 21% of assets, down from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
- Bank of Montreal's largest Q1 2023 buy was Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A: 236,055 shares worth $28.2M.
- Bank of Montreal added most to Brookfield in Q1 2023, an estimated $1.22B increase.
- Bank of Montreal's biggest Q1 2023 reduction was Suncor Energy, cutting an estimated $439M.
- Bank of Montreal fully exited CI Financial Corp. in Q1 2023, selling an estimated $41.3M.
- Bank of Montreal's ten largest holdings make up 50% of its $250B portfolio in Q1 2023.
- Bank of Montreal opened 581 new positions and closed 751 in Q1 2023.
- Bank of Montreal's portfolio value rose 8.3% quarter-over-quarter to $250B.
Based on Bank of Montreal's 13F filing for Q1 2023, filed 13 Jun 2024.