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 | Industrials | 4.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2801
iShares Global Timber & Forestry ETF
WOOD
$270M
| $338K | ﹤0.01% |
4,601
-6,077
| -57% | -$435K |
|
2802
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.3B
| $336K | ﹤0.01% |
5,050
+1
| +0% | +$64 |
|
|
UCTT
2803
Ultra Clean Holdings
UCTT
$4.01B
| $336K | ﹤0.01% |
8,658
-1,876
| -18% | -$60.4K |
|
|
NUVA
2804
DELISTED
NuVasive, Inc.
NUVA
| $335K | ﹤0.01% |
8,020
-882
| -10% | -$36.2K |
|
2805
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.23B
| $334K | ﹤0.01% |
4,321
+2,577
| +148% | +$188K |
|
2806
Invesco BulletShares 2026 Municipal Bond ETF
BSMQ
$271M
| $334K | ﹤0.01% |
+14,029
| New | +$331K |
|
2807
Gentherm
THRM
$1.33B
| $334K | ﹤0.01% |
5,625
-544
| -9% | -$31.3K |
|
2808
Invesco DB Precious Metals Fund
DBP
$258M
| $330K | ﹤0.01% |
+6,450
| New | +$330K |
|
|
RC
2809
Ready Capital
RC
$292M
| $330K | ﹤0.01% |
29,231
+15,211
| +108% | +$161K |
|
2810
Brink's
BCO
$4.68B
| $330K | ﹤0.01% |
4,510
-2,878
| -39% | -$193K |
|
2811
Plexus
PLXS
$7.15B
| $330K | ﹤0.01% |
3,352
-548
| -14% | -$50.2K |
|
2812
Viasat
VSAT
$11.3B
| $330K | ﹤0.01% |
7,094
+184
| +3% | +$7.16K |
|
2813
BioCryst Pharmaceuticals
BCRX
$2.47B
| $329K | ﹤0.01% |
42,398
+3,238
| +8% | +$26K |
|
2814
Walker & Dunlop
WD
$1.46B
| $329K | ﹤0.01% |
4,075
-2,402
| -37% | -$173K |
|
2815
Amalgamated Financial
AMAL
$1.53B
| $329K | ﹤0.01% |
+19,305
| New | +$310K |
|
2816
Global X Silver Miners ETF NEW
SIL
$4.83B
| $329K | ﹤0.01% |
12,105
+555
| +5% | +$16K |
|
2817
Gray Television
GTN
$533M
| $327K | ﹤0.01% |
41,508
-115,738
| -74% | -$890K |
|
2818
Infosys
INFY
$49.3B
| $326K | ﹤0.01% |
20,313
-2,160
| -10% | -$33.8K |
|
2819
Viavi Solutions
VIAV
$10.9B
| $326K | ﹤0.01% |
28,751
-2,036
| -7% | -$19.9K |
|
|
TPH
2820
DELISTED
Tri Pointe Homes
TPH
| $326K | ﹤0.01% |
9,908
-3,386
| -25% | -$99.2K |
|
2821
Sanmina
SANM
$11.1B
| $326K | ﹤0.01% |
5,366
-1,783
| -25% | -$97.7K |
|
2822
Nuveen Taxable Municipal Income Fund
NBB
$454M
| $325K | ﹤0.01% |
19,079
| – | – |
|
2823
Progyny
PGNY
$1.98B
| $325K | ﹤0.01% |
8,207
-4,983
| -38% | -$180K |
|
2824
First Bancorp
FBP
$4.54B
| $324K | ﹤0.01% |
25,190
-5,774
| -19% | -$67.2K |
|
|
VRTV
2825
DELISTED
VERITIV CORPORATION
VRTV
| $323K | ﹤0.01% |
2,543
-436
| -15% | -$51K |
|
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 $11.2B 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.