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 | |
|---|---|---|---|---|---|---|---|
2726
Invesco S&P 500 Quality ETF
SPHQ
$18.8B
| $377K | ﹤0.01% |
7,460
+629
| +9% | +$30.3K |
2018 Q2
20 quarters
|
|
2727
First Trust Global Wind Energy ETF
FAN
$197M
| $377K | ﹤0.01% |
20,880
+14,281
| +216% | +$253K |
2019 Q1
17 quarters
|
|
2728
Energy Recovery
ERII
$342M
| $376K | ﹤0.01% |
13,391
+3,695
| +38% | +$92.1K |
2023 Q1
1 quarter
|
|
2729
Dana Inc
DAN
$2.97B
| $376K | ﹤0.01% |
22,106
-6,329
| -22% | -$92.4K |
2013 Q2
40 quarters
|
|
2730
U-Haul Holding Co Series N
UHAL.B
$10.5B
| $376K | ﹤0.01% |
7,577
-6,844
| -47% | -$358K |
2022 Q4
2 quarters
|
|
2731
iShares Core Conservative Allocation ETF
AOK
$812M
| $375K | ﹤0.01% |
10,600
| – | – |
2022 Q3
3 quarters
|
|
|
EXK
2732
CALL
Endeavour Silver
EXK
$2.53B
| $375K | ﹤0.01% |
+126,400
| New | +$447K |
2023 Q2
0 quarters
|
|
|
MYD
2733
DELISTED
BlackRock MuniYield Fund
MYD
| $375K | ﹤0.01% |
30,789
+2,218
| +8% | +$23.1K |
2022 Q4
2 quarters
|
|
|
SKYT
2734
DELISTED
SkyWater Technology
SKYT
| $375K | ﹤0.01% |
+38,949
| New | +$374K |
2023 Q2
0 quarters
|
|
2735
Academy Sports + Outdoors
ASO
$2.95B
| $375K | ﹤0.01% |
6,916
-4,859
| -41% | -$279K |
2022 Q1
5 quarters
|
|
2736
Invesco S&P MidCap Low Volatility ETF
XMLV
$689M
| $375K | ﹤0.01% |
7,162
+6,325
| +756% | +$325K |
2021 Q2
8 quarters
|
|
2737
Forward Air
FWRD
$524M
| $374K | ﹤0.01% |
3,477
-1,115
| -24% | -$114K |
2013 Q2
40 quarters
|
|
2738
CNX Resources
CNX
$4.66B
| $374K | ﹤0.01% |
21,067
-12,894
| -38% | -$208K |
2013 Q2
40 quarters
|
|
2739
Aemetis
AMTX
$125M
| $372K | ﹤0.01% |
+50,649
| New | +$192K |
2023 Q2
0 quarters
|
|
2740
Prestige Consumer Healthcare
PBH
$2.12B
| $372K | ﹤0.01% |
6,209
-1,000
| -14% | -$59.8K |
2013 Q2
40 quarters
|
|
2741
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$20B
| $370K | ﹤0.01% |
+7,782
| New | +$371K |
2023 Q2
0 quarters
|
|
|
WCLD
2742
WisdomTree Cloud Computing Fund
WCLD
$296M
| $370K | ﹤0.01% |
11,366
-3,324
| -23% | -$96.5K |
2020 Q3
11 quarters
|
|
|
GBAB
2743
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
$345M
| $370K | ﹤0.01% |
22,512
| – | – |
2023 Q1
1 quarter
|
|
|
BYM
2744
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $369K | ﹤0.01% |
28,882
+2,002
| +7% | +$22.4K |
2022 Q4
2 quarters
|
|
2745
iShares Morningstar Mid-Cap Growth ETF
IMCG
$4.04B
| $368K | ﹤0.01% |
6,026
| – | – |
2021 Q2
8 quarters
|
|
2746
Adient
ADNT
$1.35B
| $368K | ﹤0.01% |
9,332
-6,820
| -42% | -$252K |
2016 Q4
26 quarters
|
|
2747
Aegon
AEG
$12.6B
| $368K | ﹤0.01% |
72,456
+4,222
| +6% | +$19.3K |
2013 Q2
40 quarters
|
|
2748
PUT
Planet Fitness
PLNT
$3.16B
| $368K | ﹤0.01% |
+5,200
| New | +$373K |
2023 Q2
0 quarters
|
|
|
2749
PUT
Aemetis
AMTX
$125M
| $368K | ﹤0.01% |
+50,000
| New | +$190K |
2023 Q2
0 quarters
|
|
|
CALB
2750
DELISTED
California BanCorp Common Stock
CALB
| $366K | ﹤0.01% |
+24,032
| New | +$374K |
2023 Q2
0 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.