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 | |
|---|---|---|---|---|---|---|---|
2601
Invesco BulletShares 2031 Municipal Bond ETF
BSMV
$198M
| $447K | ﹤0.01% |
+21,119
| New | +$448K |
2023 Q2
0 quarters
|
|
2602
Lindsay Corp
LNN
$1.14B
| $446K | ﹤0.01% |
3,497
+126
| +4% | +$15.6K |
2013 Q2
40 quarters
|
|
2603
Daktronics
DAKT
$847M
| $445K | ﹤0.01% |
+64,423
| New | +$378K |
2023 Q2
0 quarters
|
|
2604
VanEck Vietnam ETF
VNM
$487M
| $444K | ﹤0.01% |
23,570
+15,967
| +210% | +$200K |
2015 Q3
31 quarters
|
|
2605
Westlake Corp
WLK
$7.98B
| $444K | ﹤0.01% |
3,705
-831
| -18% | -$95.1K |
2022 Q4
2 quarters
|
|
2606
Patterson-UTI
PTEN
$4.31B
| $442K | ﹤0.01% |
36,503
-5,293
| -13% | -$59.7K |
2013 Q2
40 quarters
|
|
2607
RxSight
RXST
$198M
| $442K | ﹤0.01% |
+15,270
| New | +$340K |
2023 Q2
0 quarters
|
|
2608
State Street Real Estate Select Sector SPDR ETF
XLRE
$7.51B
| $442K | ﹤0.01% |
11,699
-106,563
| -90% | -$3.93M |
2016 Q3
27 quarters
|
|
2609
Revolve Group
RVLV
$1.51B
| $441K | ﹤0.01% |
26,840
-1,866
| -7% | -$34.8K |
2020 Q1
13 quarters
|
|
2610
Unity
U
$19.2B
| $441K | ﹤0.01% |
10,151
-8,855
| -47% | -$284K |
2020 Q3
11 quarters
|
|
2611
PUT
Alerian MLP ETF
AMLP
$12.7B
| $441K | ﹤0.01% |
+11,200
| New | +$434K |
2023 Q2
0 quarters
|
|
2612
iShares US Utilities ETF
IDU
$1.33B
| $440K | ﹤0.01% |
5,284
+184
| +4% | +$15.3K |
2021 Q2
8 quarters
|
|
2613
PGIM Ultra Short Bond ETF
PULS
$19.3B
| $440K | ﹤0.01% |
+8,900
| New | +$438K |
2023 Q2
0 quarters
|
|
2614
Matsons
MATX
$6.74B
| $440K | ﹤0.01% |
5,643
-1,533
| -21% | -$105K |
2013 Q2
40 quarters
|
|
2615
Enerpac Tool Group
EPAC
$1.79B
| $439K | ﹤0.01% |
15,924
-829
| -5% | -$21K |
2013 Q2
40 quarters
|
|
2616
Alkermes
ALKS
$6.8B
| $439K | ﹤0.01% |
13,562
-3,661
| -21% | -$111K |
2022 Q1
5 quarters
|
|
2617
Cirrus Logic
CRUS
$6.02B
| $439K | ﹤0.01% |
5,403
-25,336
| -82% | -$2.1M |
2013 Q2
40 quarters
|
|
2618
Vident International Equity Strategy
VIDI
$442M
| $436K | ﹤0.01% |
18,519
+18,397
| +15,080% | +$422K |
2021 Q2
8 quarters
|
|
2619
Leslie's
LESL
$1.57M
| $435K | ﹤0.01% |
2,158
+6
| +0.3% | +$1.24K |
2020 Q4
10 quarters
|
|
2620
Highwoods Properties
HIW
$3.21B
| $435K | ﹤0.01% |
18,165
-214,221
| -92% | -$4.74M |
2013 Q2
40 quarters
|
|
2621
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF
ASHS
$32.3M
| $434K | ﹤0.01% |
+14,548
| New | +$458K |
2023 Q2
0 quarters
|
|
2622
DigitalBridge
DBRG
| $434K | ﹤0.01% |
29,487
-5,504
| -16% | -$67.5K |
2014 Q3
35 quarters
|
|
2623
Stoneridge
SRI
$191M
| $433K | ﹤0.01% |
+22,722
| New | +$398K |
2023 Q2
0 quarters
|
|
|
CHW
2624
Calamos Global Dynamic Income Fund
CHW
$510M
| $433K | ﹤0.01% |
65,000
| – | – |
2022 Q4
2 quarters
|
|
|
COOP
2625
DELISTED
Mr. Cooper
COOP
| $433K | ﹤0.01% |
8,505
-2,709
| -24% | -$124K |
2019 Q2
16 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.