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 | |
|---|---|---|---|---|---|---|---|
|
ICVX
2851
DELISTED
Icosavax, Inc. Common Stock
ICVX
| $310K | ﹤0.01% |
+29,876
| New | +$239K |
2023 Q2
0 quarters
|
|
2852
Aztlan Global Stock Selection DM SMID ETF
AZTD
$36.6M
| $310K | ﹤0.01% |
+14,503
| New | +$296K |
2023 Q2
0 quarters
|
|
2853
Calvert Ultra-Short Investment Grade ETF
CVSB
$272M
| $310K | ﹤0.01% |
+6,182
| New | +$310K |
2023 Q2
0 quarters
|
|
2854
Signet Jewelers
SIG
$3.99B
| $310K | ﹤0.01% |
4,726
-2,767
| -37% | -$192K |
2013 Q2
40 quarters
|
|
2855
Matthews China Active ETF
MCH
$21.6M
| $310K | ﹤0.01% |
13,708
-7,892
| -37% | -$174K |
2023 Q1
1 quarter
|
|
2856
iShares MSCI China ETF
MCHI
$6B
| $310K | ﹤0.01% |
6,502
-59,650
| -90% | -$2.79M |
2018 Q3
19 quarters
|
|
2857
REX American Resources
REX
$1.45B
| $310K | ﹤0.01% |
17,652
+1,486
| +9% | +$23K |
2022 Q4
2 quarters
|
|
2858
Sabra Healthcare REIT
SBRA
$4.9B
| $309K | ﹤0.01% |
25,952
-11,601
| -31% | -$132K |
2013 Q2
40 quarters
|
|
2859
AGNC Investment
AGNC
$10.6B
| $308K | ﹤0.01% |
30,079
-3,515
| -10% | -$34.2K |
2016 Q4
26 quarters
|
|
2860
Northern Trust Morningstar Global Upstream Natural Resources ETF
GUNR
$6.83B
| $308K | ﹤0.01% |
7,495
-2,107
| -22% | -$86.9K |
2021 Q2
8 quarters
|
|
2861
iShares S&P GSCI Commodity-Indexed Trust
GSG
$1.04B
| $308K | ﹤0.01% |
15,335
+4,599
| +43% | +$90.5K |
2023 Q1
1 quarter
|
|
2862
UMB Financial
UMBF
$9.86B
| $307K | ﹤0.01% |
4,815
-2,453
| -34% | -$146K |
2013 Q2
40 quarters
|
|
|
AFDM
2863
First Trust Exchange-Traded Fund III First Trust Active Factor International ETF
AFDM
$160M
| $307K | ﹤0.01% |
5,290
-13,012
| -71% | -$745K |
2023 Q1
1 quarter
|
|
2864
Inspire Global Hope ETF
BLES
$158M
| $307K | ﹤0.01% |
+9,165
| New | +$300K |
2023 Q2
0 quarters
|
|
2865
Diamondrock Hospitality Co
DRH
$2.56B
| $306K | ﹤0.01% |
38,207
-8,403
| -18% | -$68K |
2013 Q2
40 quarters
|
|
|
HOS
2866
Hornbeck Offshore Services, Inc.
HOS
$2.55B
| $306K | ﹤0.01% |
41,420
+8,489
| +26% | +$60.4K |
2013 Q2
40 quarters
|
|
|
XHYI
2867
DELISTED
BondBloxx USD High Yield Bond Industrial Sector ETF
XHYI
| $306K | ﹤0.01% |
+8,250
| New | +$305K |
2023 Q2
0 quarters
|
|
2868
iShares International Developed Real Estate ETF
IFGL
$75.8M
| $306K | ﹤0.01% |
14,837
+10,802
| +268% | +$224K |
2022 Q4
2 quarters
|
|
2869
Invesco S&P 500 Equal Weight Consumer Discretionary ETF
RSPD
$406M
| $305K | ﹤0.01% |
6,633
+933
| +16% | +$40.1K |
2019 Q4
14 quarters
|
|
2870
STAAR Surgical
STAA
$1.12B
| $305K | ﹤0.01% |
5,783
-2,545
| -31% | -$155K |
2020 Q2
12 quarters
|
|
2871
Wabash National
WNC
$508M
| $305K | ﹤0.01% |
11,381
-2,243
| -16% | -$55.2K |
2013 Q2
40 quarters
|
|
2872
WisdomTree Europe Quality Dividend Growth Fund
EUDG
$64.9M
| $304K | ﹤0.01% |
9,781
+3,847
| +65% | +$118K |
2020 Q1
13 quarters
|
|
2873
Malibu Boats
MBUU
$449M
| $304K | ﹤0.01% |
4,981
-75
| -1% | -$4.21K |
2016 Q4
26 quarters
|
|
|
JPS
2874
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $303K | ﹤0.01% |
41,722
| – | – |
2023 Q1
1 quarter
|
|
2875
Matthews International
MATW
$580M
| $303K | ﹤0.01% |
7,083
-1,788
| -20% | -$69.3K |
2022 Q4
2 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.