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 | |
|---|---|---|---|---|---|---|
2501
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.62B
| $523K | ﹤0.01% |
12,618
-3,364
| -21% | -$139K |
|
2502
Invesco DB US Dollar Index Bullish Fund
UUP
$413M
| $523K | ﹤0.01% |
18,259
-584,040
| -97% | -$16.4M |
|
2503
Azenta
AZTA
$1.46B
| $522K | ﹤0.01% |
11,099
-1,412
| -11% | -$61.8K |
|
2504
Microvision
MVIS
$53M
| $522K | ﹤0.01% |
7,569
+6,418
| +558% | +$337K |
|
2505
Fastly Inc
FSLY
$4.77B
| $521K | ﹤0.01% |
30,296
-102,761
| -77% | -$1.57M |
|
2506
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.36B
| $521K | ﹤0.01% |
5,780
| – | – |
|
2507
Hertz
HTZ
$798M
| $520K | ﹤0.01% |
28,278
-44,264
| -61% | -$725K |
|
2508
ProShares UltraPro QQQ
TQQQ
$38.5B
| $520K | ﹤0.01% |
25,218
-7,222
| -22% | -$116K |
|
2509
Amplify Cybersecurity ETF
HACK
$2.98B
| $520K | ﹤0.01% |
10,123
+919
| +10% | +$43.8K |
|
|
RDFN
2510
DELISTED
Redfin
RDFN
| $519K | ﹤0.01% |
38,874
-5,223
| -12% | -$50.9K |
|
2511
Invesco New York AMT-Free Municipal Bond ETF
PZT
$139M
| $519K | ﹤0.01% |
22,722
+4,147
| +22% | +$94.1K |
|
|
CDAQ
2512
DELISTED
Compass Digital Acquisition Corp. Class A Ordinary Shares
CDAQ
| $517K | ﹤0.01% |
+49,550
| New | +$510K |
|
2513
EPR Properties
EPR
$4.69B
| $517K | ﹤0.01% |
10,985
-1,938
| -15% | -$81.8K |
|
|
AZPN
2514
DELISTED
Aspen Technology Inc
AZPN
| $516K | ﹤0.01% |
3,071
-755
| -20% | -$140K |
|
2515
Pinnacle Financial Partners Inc
PNFP
$16.3B
| $516K | ﹤0.01% |
8,889
-1,152
| -11% | -$60.7K |
|
|
SRC
2516
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $515K | ﹤0.01% |
12,855
-3,580
| -22% | -$139K |
|
2517
CALL
Alexandria Real Estate Equities
ARE
$8.28B
| $515K | ﹤0.01% |
4,400
+100
| +2% | +$11.9K |
|
2518
US Treasury 2 Year Note ETF
UTWO
$490M
| $514K | ﹤0.01% |
10,550
+2,150
| +26% | +$105K |
|
2519
Vanguard Russell 2000 Value ETF
VTWV
$1.38B
| $513K | ﹤0.01% |
4,115
| – | – |
|
2520
Invesco BulletShares 2028 Municipal Bond ETF
BSMS
$316M
| $513K | ﹤0.01% |
21,772
+3,243
| +18% | +$76.1K |
|
2521
Tredegar Corp
TG
$276M
| $512K | ﹤0.01% |
76,505
-24,072
| -24% | -$191K |
|
2522
Sonos
SONO
$1.93B
| $512K | ﹤0.01% |
31,318
-1,840
| -6% | -$32.6K |
|
2523
QuidelOrtho
QDEL
$981M
| $510K | ﹤0.01% |
5,798
-1,428
| -20% | -$125K |
|
2524
Groupon
GRPN
$875M
| $509K | ﹤0.01% |
83,925
+70,464
| +523% | +$312K |
|
|
2525
PUT
Groupon
GRPN
$875M
| $508K | ﹤0.01% |
83,900
+71,400
| +571% | +$316K |
|
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.