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 | |
|---|---|---|---|---|---|---|
1801
Twilio
TWLO
$36.6B
| $1.84M | ﹤0.01% |
27,141
-60,338
| -69% | -$3.56M |
|
1802
PUT
SoFi Technologies
SOFI
$23.6B
| $1.84M | ﹤0.01% |
211,500
| – | – |
|
1803
Dropbox
DBX
$7.48B
| $1.84M | ﹤0.01% |
68,727
-120,098
| -64% | -$2.74M |
|
|
HTO
1804
H2O America
HTO
$2.67B
| $1.84M | ﹤0.01% |
25,318
-1,694
| -6% | -$128K |
|
1805
UGI
UGI
$7.59B
| $1.84M | ﹤0.01% |
63,011
-6,665
| -10% | -$202K |
|
|
ARYE
1806
DELISTED
ARYA Sciences Acquisition Corp V Class A Ordinary Shares
ARYE
| $1.84M | ﹤0.01% |
175,000
| – | – |
|
1807
PUT
Alcoa
AA
$13.2B
| $1.84M | ﹤0.01% |
+51,500
| New | +$1.87M |
|
1808
Meritage Homes
MTH
$4.76B
| $1.83M | ﹤0.01% |
25,636
+4,804
| +23% | +$302K |
|
1809
Arcosa
ACA
$7.14B
| $1.83M | ﹤0.01% |
23,966
+15,307
| +177% | +$1.03M |
|
1810
Landstar System
LSTR
$6.45B
| $1.83M | ﹤0.01% |
9,447
-1,782
| -16% | -$322K |
|
1811
Vanguard International High Dividend Yield ETF
VYMI
$21.3B
| $1.82M | ﹤0.01% |
27,953
+1,772
| +7% | +$112K |
|
1812
Houlihan Lokey
HLI
$8.99B
| $1.82M | ﹤0.01% |
18,431
-1,900
| -9% | -$172K |
|
|
DFUS
1813
Dimensional US Equity ETF
DFUS
$21.7B
| $1.82M | ﹤0.01% |
37,660
-3,126
| -8% | -$142K |
|
1814
First Trust SSI Strategic Convertible Securities ETF
FCVT
$104M
| $1.8M | ﹤0.01% |
+55,083
| New | +$1.75M |
|
|
NKLA
1815
DELISTED
Nikola Corporation Common Stock
NKLA
| $1.79M | ﹤0.01% |
10,841
+10,035
| +1,245% | +$277K |
|
1816
Oshkosh
OSK
$9.44B
| $1.79M | ﹤0.01% |
20,486
+3,378
| +20% | +$266K |
|
1817
PUT
KraneShares CSI China Internet ETF
KWEB
$5.35B
| $1.78M | ﹤0.01% |
60,000
| – | – |
|
1818
Rayonier
RYN
$6.49B
| $1.76M | ﹤0.01% |
61,648
-400
| -0.6% | -$11.2K |
|
|
AIRC
1819
DELISTED
Apartment Income REIT Corp.
AIRC
| $1.76M | ﹤0.01% |
47,258
-40,203
| -46% | -$1.43M |
|
1820
Yeti Holdings
YETI
$3.25B
| $1.76M | ﹤0.01% |
45,205
+3,400
| +8% | +$132K |
|
1821
Affiliated Managers Group
AMG
$9.89B
| $1.75M | ﹤0.01% |
11,635
-8,522
| -42% | -$1.22M |
|
1822
Independence Realty Trust
IRT
$4.01B
| $1.74M | ﹤0.01% |
93,871
-38,728
| -29% | -$661K |
|
|
SKE
1823
Skeena Resources
SKE
$4.15B
| $1.74M | ﹤0.01% |
340,623
+70,582
| +26% | +$414K |
|
1824
CALL
TFI International
TFII
$12.1B
| $1.73M | ﹤0.01% |
+15,000
| New | +$1.65M |
|
1825
Brixmor Property Group
BRX
$9.2B
| $1.73M | ﹤0.01% |
78,422
-197,008
| -72% | -$4.11M |
|
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.