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 | Miscellaneous | 11.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2476
Addus HomeCare
ADUS
$2.09B
| $544K | ﹤0.01% |
5,757
+3,773
| +190% | +$360K |
2023 Q1
1 quarter
|
|
2477
National Fuel Gas
NFG
$7.25B
| $543K | ﹤0.01% |
10,439
-3,116
| -23% | -$166K |
2013 Q2
40 quarters
|
|
|
THS
2478
DELISTED
Treehouse Foods
THS
| $543K | ﹤0.01% |
10,338
-295
| -3% | -$15.1K |
2013 Q2
40 quarters
|
|
|
UCB
2479
United Community Banks
UCB
$4.02B
| $542K | ﹤0.01% |
20,547
-5,834
| -22% | -$145K |
2013 Q3
39 quarters
|
|
|
FNCB
2480
DELISTED
FNCB Bancorp Inc. Common Stock
FNCB
| $541K | ﹤0.01% |
+81,060
| New | +$487K |
2023 Q2
0 quarters
|
|
2481
Global X Renewable Energy Producers ETF
RNRG
$23M
| $540K | ﹤0.01% |
14,529
+14,379
| +9,586% | +$524K |
2021 Q2
8 quarters
|
|
2482
Schwab US TIPS ETF
SCHP
$16B
| $540K | ﹤0.01% |
20,474
+11,760
| +135% | +$312K |
2013 Q2
40 quarters
|
|
2483
Karat Packaging
KRT
$1.06B
| $540K | ﹤0.01% |
+29,450
| New | +$454K |
2023 Q2
0 quarters
|
|
2484
Seacoast Banking Corp of Florida
SBCF
$3.11B
| $539K | ﹤0.01% |
22,763
-5,838
| -20% | -$127K |
2017 Q4
22 quarters
|
|
2485
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.87B
| $538K | ﹤0.01% |
+5,411
| New | +$537K |
2023 Q2
0 quarters
|
|
2486
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$731M
| $538K | ﹤0.01% |
14,397
-85,383
| -86% | -$3.12M |
2021 Q2
8 quarters
|
|
2487
FNB Corp
FNB
$6.14B
| $536K | ﹤0.01% |
44,739
-8,900
| -17% | -$101K |
2013 Q2
40 quarters
|
|
2488
Worthington Enterprises
WOR
$2.91B
| $535K | ﹤0.01% |
12,444
+1,586
| +15% | +$58.7K |
2022 Q3
3 quarters
|
|
2489
Quanex
NX
$880M
| $534K | ﹤0.01% |
19,675
-3,400
| -15% | -$75.6K |
2013 Q2
40 quarters
|
|
2490
Teladoc Health
TDOC
$1.03B
| $533K | ﹤0.01% |
21,017
-117,309
| -85% | -$2.95M |
2016 Q1
29 quarters
|
|
2491
Mitsubishi UFJ Financial
MUFG
$255B
| $532K | ﹤0.01% |
72,124
-727
| -1% | -$4.84K |
2013 Q2
40 quarters
|
|
2492
Bloomin' Brands
BLMN
$718M
| $530K | ﹤0.01% |
19,518
-5,233
| -21% | -$131K |
2014 Q2
36 quarters
|
|
2493
Papa John's
PZZA
$645M
| $530K | ﹤0.01% |
7,098
-3,442
| -33% | -$255K |
2013 Q2
40 quarters
|
|
2494
HealthEquity
HQY
$7.39B
| $530K | ﹤0.01% |
8,322
-6,363
| -43% | -$369K |
2015 Q2
32 quarters
|
|
|
PML
2495
PIMCO Municipal Income Fund II
PML
$431M
| $530K | ﹤0.01% |
57,881
+3,699
| +7% | +$33.6K |
2022 Q4
2 quarters
|
|
2496
Enterprise Products Partners
EPD
$77B
| $528K | ﹤0.01% |
19,981
-959,439
| -98% | -$25.1M |
2013 Q2
40 quarters
|
|
2497
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.48B
| $528K | ﹤0.01% |
+10,233
| New | +$526K |
2023 Q2
0 quarters
|
|
2498
National Bank Holdings
NBHC
$1.74B
| $527K | ﹤0.01% |
16,548
-2,363
| -12% | -$73.8K |
2015 Q2
32 quarters
|
|
|
WIRE
2499
DELISTED
Encore Wire Corp
WIRE
| $525K | ﹤0.01% |
2,805
-683
| -20% | -$116K |
2013 Q2
40 quarters
|
|
2500
Afya
AFYA
$1.07B
| $524K | ﹤0.01% |
+37,032
| New | +$453K |
2023 Q2
0 quarters
|
|
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 $9.84B 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.