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 | |
|---|---|---|---|---|---|---|
226
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.1B
| $110M | 0.04% |
691,829
+72,882
| +12% | +$12.1M |
|
227
Kimberly-Clark
KMB
$36.2B
| $109M | 0.04% |
809,012
+271,348
| +50% | +$35.2M |
|
228
Delta Air Lines
DAL
$59.1B
| $108M | 0.04% |
3,084,318
-63,645
| -2% | -$2.36M |
|
229
Stryker
SYK
$133B
| $107M | 0.04% |
374,223
-45,753
| -11% | -$12.1M |
|
230
Brookfield Infrastructure
BIPC
$4.93B
| $106M | 0.04% |
2,289,080
+781,164
| +52% | +$34M |
|
231
CALL
Amazon
AMZN
$2.88T
| $105M | 0.04% |
60,000
-1,596,200
| -96% | -$154M |
|
232
Vanguard Morningstar Small-Cap ETF
VB
$83B
| $104M | 0.04% |
549,629
+11,386
| +2% | +$2.21M |
|
233
Invesco S&P 500 Low Volatility ETF
SPLV
$7.18B
| $103M | 0.04% |
1,653,426
+165,172
| +11% | +$10.3M |
|
234
SLB Ltd
SLB
$78.1B
| $103M | 0.04% |
2,080,276
+954,263
| +85% | +$50.7M |
|
235
iShares Core US Aggregate Bond ETF
AGG
$138B
| $102M | 0.04% |
1,021,878
-32,372
| -3% | -$3.2M |
|
236
TransAlta
TAC
$3.92B
| $101M | 0.04% |
11,474,622
+462,540
| +4% | +$4.07M |
|
237
Humana
HUM
$46.7B
| $100M | 0.04% |
199,424
+31,801
| +19% | +$15.7M |
|
238
Hilton Worldwide
HLT
$72.6B
| $99.9M | 0.04% |
707,409
+220,056
| +45% | +$31M |
|
239
ServiceNow
NOW
$129B
| $99.4M | 0.04% |
1,068,370
-469,120
| -31% | -$40.9M |
|
240
3M
MMM
$94.8B
| $99.3M | 0.04% |
904,333
-50,714
| -5% | -$4.78M |
|
|
241
PUT
Toronto Dominion Bank
TD
$204B
| $98.8M | 0.04% |
1,200,000
-1,640,800
| -58% | -$106M |
|
|
AQNU
242
DELISTED
Algonquin Power & Utilities Corp Units
AQNU
| $98.4M | 0.04% |
3,247,997
+1,143,330
| +54% | +$31M |
|
243
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $98.3M | 0.04% |
991,247
+437,886
| +79% | +$42.8M |
|
|
MRSH
244
Marsh
MRSH
$90.1B
| $98.1M | 0.04% |
588,951
-62,378
| -10% | -$10.4M |
|
245
PUT
Visa
V
$671B
| $97.2M | 0.04% |
428,000
-620,600
| -59% | -$138M |
|
246
Mondelez International
MDLZ
$79.4B
| $96.3M | 0.04% |
1,379,950
-155,397
| -10% | -$10.3M |
|
247
State Street Financial Select Sector SPDR ETF
XLF
$59.1B
| $96.2M | 0.04% |
2,992,435
-1,086,048
| -27% | -$37.7M |
|
248
Cognizant
CTSH
$26.2B
| $95.4M | 0.04% |
1,564,055
+562,100
| +56% | +$35.2M |
|
249
Edwards Lifesciences
EW
$53.6B
| $94.7M | 0.04% |
1,144,115
-75,310
| -6% | -$5.92M |
|
250
Chubb
CB
$132B
| $94.3M | 0.04% |
483,762
-65,159
| -12% | -$13.7M |
|
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.