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 | |
|---|---|---|---|---|---|---|---|
2701
CALL
Scilex Holding
SCLX
$31M
| $389K | ﹤0.01% |
+1,429
| New | +$394K |
2023 Q2
0 quarters
|
|
2702
CALL
Yeti Holdings
YETI
$3.02B
| $389K | ﹤0.01% |
10,000
| – | – |
2023 Q1
1 quarter
|
|
|
2703
PUT
Yeti Holdings
YETI
$3.02B
| $389K | ﹤0.01% |
10,000
| – | – |
2023 Q1
1 quarter
|
|
|
B
2704
DELISTED
Barnes Group Inc.
B
| $388K | ﹤0.01% |
9,128
-1,969
| -18% | -$80.1K |
2013 Q3
39 quarters
|
|
2705
Extreme Networks
EXTR
$2.9B
| $387K | ﹤0.01% |
14,611
-5,015
| -26% | -$98.9K |
2015 Q3
31 quarters
|
|
2706
Invesco Water Resources ETF
PHO
$1.89B
| $387K | ﹤0.01% |
6,849
+938
| +16% | +$50.1K |
2013 Q2
40 quarters
|
|
2707
BlackRock MuniYield Michigan Quality Fund
MIY
$327M
| $387K | ﹤0.01% |
29,881
+1,381
| +5% | +$15.2K |
2022 Q1
5 quarters
|
|
2708
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11B
| $386K | ﹤0.01% |
13,102
+1,516
| +13% | +$44.8K |
2021 Q2
8 quarters
|
|
2709
First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF
HISF
$97.4M
| $384K | ﹤0.01% |
+8,676
| New | +$385K |
2023 Q2
0 quarters
|
|
2710
Schwab Fundamental US Small Company Index ETF
FNDA
$8.66B
| $384K | ﹤0.01% |
15,176
-2,284
| -13% | -$54.8K |
2020 Q4
10 quarters
|
|
2711
Par Pacific Holdings
PARR
$4.32B
| $383K | ﹤0.01% |
14,373
-2,090
| -13% | -$49.4K |
2018 Q1
21 quarters
|
|
|
TWNK
2712
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $382K | ﹤0.01% |
14,684
-3,952
| -21% | -$101K |
2022 Q1
5 quarters
|
|
2713
ProShares Ultra QQQ
QLD
$15.1B
| $382K | ﹤0.01% |
11,816
+2,200
| +23% | +$59.5K |
2021 Q2
8 quarters
|
|
|
HCCI
2714
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $382K | ﹤0.01% |
+10,021
| New | +$351K |
2023 Q2
0 quarters
|
|
2715
Northern Trust STOXX Global Broad Infrastructure ETF
NFRA
$2.95B
| $382K | ﹤0.01% |
7,263
+3
| +0% | +$157 |
2021 Q2
8 quarters
|
|
2716
BlackRock MuniYield New York Quality Fund
MYN
$343M
| $382K | ﹤0.01% |
32,481
+2,002
| +7% | +$20K |
2022 Q4
2 quarters
|
|
2717
Minerals Technologies
MTX
$2.03B
| $381K | ﹤0.01% |
6,595
-1,286
| -16% | -$74.9K |
2013 Q2
40 quarters
|
|
2718
AudioCodes
AUDC
$264M
| $380K | ﹤0.01% |
38,547
+26,456
| +219% | +$260K |
2022 Q3
3 quarters
|
|
2719
Vanguard Materials ETF
VAW
$2.82B
| $380K | ﹤0.01% |
2,084
-89
| -4% | -$15.6K |
2020 Q2
12 quarters
|
|
2720
Green Dot
GDOT
$705M
| $380K | ﹤0.01% |
19,227
-1,753
| -8% | -$31.1K |
2015 Q4
30 quarters
|
|
|
INFN
2721
DELISTED
Infinera Corporation Common Stock
INFN
| $379K | ﹤0.01% |
74,528
-116,006
| -61% | -$638K |
2016 Q4
26 quarters
|
|
2722
PUT
Baxter International
BAX
$12.2B
| $379K | ﹤0.01% |
8,300
| – | – |
2023 Q1
1 quarter
|
|
2723
Bankunited
BKU
$3.04B
| $378K | ﹤0.01% |
16,240
+2,764
| +21% | +$56.9K |
2014 Q4
34 quarters
|
|
2724
Patrick Industries
PATK
$2.14B
| $378K | ﹤0.01% |
7,017
-2,115
| -23% | -$99.6K |
2013 Q2
40 quarters
|
|
2725
Banco Santander
SAN
$193B
| $377K | ﹤0.01% |
101,675
-19,958
| -16% | -$70.5K |
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.