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 | |
|---|---|---|---|---|---|---|---|
2626
Northern Trust Morningstar US Market Factor Tilt ETF
TILT
$2.18B
| $432K | ﹤0.01% |
2,558
-50
| -2% | -$7.96K |
2021 Q4
6 quarters
|
|
|
CET
2627
Central Securities Corp
CET
$1.64B
| $432K | ﹤0.01% |
11,813
| – | – |
2022 Q4
2 quarters
|
|
2628
KT
KT
$8.91B
| $429K | ﹤0.01% |
+35,615
| New | +$415K |
2023 Q2
0 quarters
|
|
2629
NEOS Enhanced Income 1-3 Month T-Bill ETF
CSHI
$1.89B
| $428K | ﹤0.01% |
+8,529
| New | +$428K |
2023 Q2
0 quarters
|
|
2630
Graham Holdings Company
GHC
$4.88B
| $428K | ﹤0.01% |
731
-243
| -25% | -$141K |
2013 Q2
40 quarters
|
|
2631
First Financial Bankshares
FFIN
$4.55B
| $427K | ﹤0.01% |
14,158
-8,691
| -38% | -$247K |
2013 Q2
40 quarters
|
|
2632
First Trust Consumer Staples AlphaDEX Fund
FXG
$201M
| $427K | ﹤0.01% |
+6,806
| New | +$426K |
2023 Q2
0 quarters
|
|
2633
Kulicke & Soffa
KLIC
$5.03B
| $427K | ﹤0.01% |
7,099
-2,199
| -24% | -$113K |
2013 Q2
40 quarters
|
|
|
ARIZ
2634
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
| $426K | ﹤0.01% |
+40,099
| New | +$421K |
2023 Q2
0 quarters
|
|
2635
ABM Industries
ABM
$2.84B
| $426K | ﹤0.01% |
9,945
-2,757
| -22% | -$119K |
2013 Q2
40 quarters
|
|
|
FPWR
2636
First Trust EIP Power Solutions ETF
FPWR
$29.3M
| $425K | ﹤0.01% |
+17,063
| New | +$428K |
2023 Q2
0 quarters
|
|
|
NGE
2637
DELISTED
Global X MSCI Nigeria ETF
NGE
| $425K | ﹤0.01% |
+41,050
| New | +$394K |
2023 Q2
0 quarters
|
|
2638
Amplify Video Game Tech ETF
GAMR
$40.9M
| $424K | ﹤0.01% |
6,766
-12,230
| -64% | -$739K |
2023 Q1
1 quarter
|
|
2639
AllianceBernstein
AB
$3.26B
| $424K | ﹤0.01% |
12,594
-55,206
| -81% | -$1.89M |
2023 Q1
1 quarter
|
|
2640
BNY Mellon Ultra Short Income ETF
BKUI
$587M
| $424K | ﹤0.01% |
+8,624
| New | +$423K |
2023 Q2
0 quarters
|
|
2641
Materion
MTRN
$5.94B
| $423K | ﹤0.01% |
3,695
-1,043
| -22% | -$113K |
2017 Q2
24 quarters
|
|
|
EB
2642
DELISTED
Eventbrite
EB
| $423K | ﹤0.01% |
+44,065
| New | +$347K |
2023 Q2
0 quarters
|
|
|
CALY
2643
Callaway Golf Company
CALY
$2.56B
| $422K | ﹤0.01% |
21,148
-873
| -4% | -$17.5K |
2013 Q2
40 quarters
|
|
|
BPMC
2644
DELISTED
Blueprint Medicines
BPMC
| $419K | ﹤0.01% |
+6,605
| New | +$359K |
2023 Q2
0 quarters
|
|
|
KTF
2645
DWS Municipal Income Trust
KTF
$317M
| $417K | ﹤0.01% |
40,852
+1,265
| +3% | +$10.9K |
2022 Q1
5 quarters
|
|
|
MDC
2646
DELISTED
M.D.C. Holdings, Inc.
MDC
| $417K | ﹤0.01% |
8,872
-1,986
| -18% | -$82.7K |
2013 Q2
40 quarters
|
|
2647
Quaker Houghton
KWR
$2.73B
| $416K | ﹤0.01% |
2,125
-466
| -18% | -$91.2K |
2013 Q2
40 quarters
|
|
2648
US Physical Therapy
USPH
$1.23B
| $416K | ﹤0.01% |
3,419
-426
| -11% | -$45.9K |
2022 Q4
2 quarters
|
|
2649
Commault Systems
CVLT
$6.12B
| $416K | ﹤0.01% |
5,695
-2,449
| -30% | -$159K |
2013 Q2
40 quarters
|
|
|
PARA
2650
CALL
DELISTED
Paramount Global Class B
PARA
| $414K | ﹤0.01% |
10,500
+8,000
| +320% | +$144K |
2023 Q1
1 quarter
|
|
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.