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 | |
|---|---|---|---|---|---|---|---|
2576
3D Systems Corp
DDD
$588M
| $470K | ﹤0.01% |
46,602
+21,731
| +87% | +$199K |
2013 Q2
40 quarters
|
|
2577
Hain Celestial
HAIN
$46.4M
| $467K | ﹤0.01% |
36,911
-3,075
| -8% | -$45.3K |
2013 Q2
40 quarters
|
|
2578
Simplify Managed Futures Strategy ETF
CTA
$1.45B
| $465K | ﹤0.01% |
18,024
+13,320
| +283% | +$332K |
2022 Q4
2 quarters
|
|
|
CIVI
2579
DELISTED
Civitas Resources
CIVI
| $464K | ﹤0.01% |
6,638
-3,214
| -33% | -$222K |
2019 Q2
16 quarters
|
|
2580
First Trust Value Line Dividend Fund
FVD
$7.59B
| $464K | ﹤0.01% |
11,434
+4,982
| +77% | +$199K |
2022 Q3
3 quarters
|
|
2581
Elastic
ESTC
$9.69B
| $463K | ﹤0.01% |
6,742
+1,848
| +38% | +$116K |
2019 Q1
17 quarters
|
|
2582
iShares MSCI ACWI ex US ETF
ACWX
$15.9B
| $463K | ﹤0.01% |
9,232
| – | – |
2021 Q2
8 quarters
|
|
2583
Meridian
MRBK
$224M
| $463K | ﹤0.01% |
+45,477
| New | +$460K |
2023 Q2
0 quarters
|
|
2584
Werner Enterprises
WERN
$2.06B
| $462K | ﹤0.01% |
10,393
-3,976
| -28% | -$179K |
2013 Q2
40 quarters
|
|
2585
Radian Group
RDN
$4.13B
| $462K | ﹤0.01% |
18,180
-4,949
| -21% | -$122K |
2022 Q4
2 quarters
|
|
|
OMIC
2586
DELISTED
Singular Genomics Systems, Inc. Common Stock
OMIC
| $461K | ﹤0.01% |
+17,471
| New | +$512K |
2023 Q2
0 quarters
|
|
2587
State Street DoubleLine Total Return Tactical ETF
TOTL
$3.76B
| $461K | ﹤0.01% |
11,364
| – | – |
2016 Q2
28 quarters
|
|
2588
CALL
AGNC Investment
AGNC
$10.6B
| $461K | ﹤0.01% |
45,000
| – | – |
2022 Q4
2 quarters
|
|
|
2589
PUT
AGNC Investment
AGNC
$10.6B
| $461K | ﹤0.01% |
45,000
| – | – |
2023 Q1
1 quarter
|
|
2590
Stagwell
STGW
$2.07B
| $461K | ﹤0.01% |
58,758
-3,204
| -5% | -$21.2K |
2020 Q3
11 quarters
|
|
2591
BlueLinx
BXC
$580M
| $460K | ﹤0.01% |
4,806
-741
| -13% | -$59.2K |
2020 Q2
12 quarters
|
|
|
TBLU
2592
Tortoise Global Water ETF
TBLU
$53.8M
| $459K | ﹤0.01% |
11,020
-15,440
| -58% | -$617K |
2023 Q1
1 quarter
|
|
|
CCRV
2593
DELISTED
iShares Commodity Curve Carry Strategy ETF
CCRV
| $457K | ﹤0.01% |
22,864
+3,963
| +21% | +$77.1K |
2023 Q1
1 quarter
|
|
|
KLDW
2594
DELISTED
Knowledge Leaders Developed World ETF
KLDW
| $455K | ﹤0.01% |
11,082
-204
| -2% | -$8.14K |
2022 Q4
2 quarters
|
|
2595
Northern Trust Morningstar Emerging Markets Factor Tilt ETF
TLTE
$350M
| $455K | ﹤0.01% |
+9,239
| New | +$449K |
2023 Q2
0 quarters
|
|
2596
Northrim BanCorp
NRIM
$546M
| $455K | ﹤0.01% |
+43,372
| New | +$435K |
2023 Q2
0 quarters
|
|
2597
Garrett Motion
GTX
$4.9B
| $454K | ﹤0.01% |
58,854
+4,957
| +9% | +$39.8K |
2021 Q4
6 quarters
|
|
2598
WisdomTree US SmallCap Dividend Fund
DES
$2.06B
| $453K | ﹤0.01% |
15,647
+863
| +6% | +$24.1K |
2013 Q2
40 quarters
|
|
2599
Essent Group
ESNT
$5.29B
| $450K | ﹤0.01% |
9,555
-7,059
| -42% | -$307K |
2017 Q4
22 quarters
|
|
2600
Ameris Bancorp
ABCB
$5.38B
| $449K | ﹤0.01% |
12,389
-3,820
| -24% | -$127K |
2013 Q2
40 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.