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 | |
|---|---|---|---|---|---|---|---|
2751
Lumen
LUMN
$5.77B
| $366K | ﹤0.01% |
160,546
+50,202
| +45% | +$111K |
2013 Q2
40 quarters
|
|
2752
On Holding
ONON
$10.1B
| $366K | ﹤0.01% |
11,023
+3,434
| +45% | +$104K |
2022 Q2
4 quarters
|
|
2753
Towne Bank
TOWN
$3.32B
| $365K | ﹤0.01% |
14,336
-4,364
| -23% | -$105K |
2022 Q3
3 quarters
|
|
2754
WD-40
WDFC
$2.72B
| $365K | ﹤0.01% |
1,812
-443
| -20% | -$83.7K |
2013 Q4
38 quarters
|
|
2755
Invesco Financial Preferred ETF
PGF
$616M
| $365K | ﹤0.01% |
25,264
| – | – |
2013 Q2
40 quarters
|
|
|
BKSB
2756
DELISTED
BNY Mellon Short Duration Corporate Bond ETF
BKSB
| $363K | ﹤0.01% |
+7,722
| New | +$365K |
2023 Q2
0 quarters
|
|
2757
Prospect Capital
PSEC
$1.09B
| $363K | ﹤0.01% |
57,788
+7,788
| +16% | +$50.1K |
2013 Q2
40 quarters
|
|
2758
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.55B
| $363K | ﹤0.01% |
+10,398
| New | +$360K |
2023 Q2
0 quarters
|
|
2759
Alamo Group
ALG
$1.9B
| $363K | ﹤0.01% |
1,952
-401
| -17% | -$71.5K |
2013 Q2
40 quarters
|
|
2760
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.5B
| $360K | ﹤0.01% |
4,592
+1,862
| +68% | +$145K |
2013 Q2
40 quarters
|
|
|
LGF.A
2761
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $359K | ﹤0.01% |
37,121
+29,030
| +359% | +$305K |
2023 Q1
1 quarter
|
|
|
BRD
2762
DELISTED
Beard Energy Transition Acquisition Corp.
BRD
| $359K | ﹤0.01% |
+33,193
| New | +$346K |
2023 Q2
0 quarters
|
|
|
ULTR
2763
DELISTED
IQ Ultra Short Duration ETF
ULTR
| $358K | ﹤0.01% |
+7,500
| New | +$357K |
2023 Q2
0 quarters
|
|
2764
Xtrackers MSCI Eurozone Hedged Equity ETF
DBEZ
$73.4M
| $358K | ﹤0.01% |
8,661
-1,089
| -11% | -$43.9K |
2023 Q1
1 quarter
|
|
2765
Carter's
CRI
$1.16B
| $357K | ﹤0.01% |
4,898
-12,705
| -72% | -$858K |
2013 Q2
40 quarters
|
|
|
SQSP
2766
DELISTED
Squarespace, Inc.
SQSP
| $356K | ﹤0.01% |
+10,846
| New | +$328K |
2023 Q2
0 quarters
|
|
2767
Albany International
AIN
$1.68B
| $353K | ﹤0.01% |
3,714
-1,240
| -25% | -$111K |
2013 Q2
40 quarters
|
|
2768
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.3B
| $353K | ﹤0.01% |
3,381
+1,286
| +61% | +$131K |
2021 Q1
9 quarters
|
|
|
SAVE
2769
DELISTED
Spirit Airlines, Inc.
SAVE
| $353K | ﹤0.01% |
20,491
-7,514
| -27% | -$123K |
2013 Q2
40 quarters
|
|
2770
Arbor Realty Trust
ABR
$692M
| $352K | ﹤0.01% |
+23,770
| New | +$294K |
2023 Q2
0 quarters
|
|
2771
El Pollo Loco
LOCO
$432M
| $352K | ﹤0.01% |
+35,412
| New | +$332K |
2023 Q2
0 quarters
|
|
2772
Crane NXT
CXT
$2.77B
| $352K | ﹤0.01% |
6,196
-14,683
| -70% | -$746K |
2013 Q2
40 quarters
|
|
2773
Valley National Bancorp
VLY
$7B
| $352K | ﹤0.01% |
41,749
-27,361
| -40% | -$218K |
2013 Q2
40 quarters
|
|
2774
O-I Glass
OI
$868M
| $351K | ﹤0.01% |
16,428
-6,077
| -27% | -$131K |
2013 Q2
40 quarters
|
|
2775
DoubleVerify
DV
$2.11B
| $351K | ﹤0.01% |
8,994
+87
| +1% | +$2.81K |
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.