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 | |
|---|---|---|---|---|---|---|---|
2901
Lightwave Logic
LWLG
$839M
| $291K | ﹤0.01% |
37,102
+6,129
| +20% | +$35.6K |
2022 Q2
4 quarters
|
|
|
2902
PUT
Lightwave Logic
LWLG
$839M
| $291K | ﹤0.01% |
37,100
+10,800
| +41% | +$62.8K |
2022 Q2
4 quarters
|
|
2903
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.55B
| $290K | ﹤0.01% |
2,378
+2,236
| +1,575% | +$260K |
2017 Q3
23 quarters
|
|
2904
CVB Financial
CVBF
$3.87B
| $290K | ﹤0.01% |
19,446
+525
| +3% | +$7.24K |
2013 Q2
40 quarters
|
|
2905
Cavco Industries
CVCO
$4.44B
| $290K | ﹤0.01% |
974
-247
| -20% | -$71K |
2022 Q3
3 quarters
|
|
2906
Simmons First National
SFNC
$3.28B
| $290K | ﹤0.01% |
15,793
-4,331
| -22% | -$72.9K |
2015 Q1
33 quarters
|
|
2907
Vanguard Tax-Exempt Bond Index Fund
VTEB
$44.5B
| $289K | ﹤0.01% |
5,751
-10,739
| -65% | -$540K |
2022 Q3
3 quarters
|
|
2908
Blackstone Mortgage Trust
BXMT
$1.9B
| $289K | ﹤0.01% |
13,873
-17,127
| -55% | -$315K |
2015 Q1
33 quarters
|
|
|
EOD
2909
Allspring Global Dividend Opportunity Fund
EOD
$273M
| $289K | ﹤0.01% |
60,000
| – | – |
2020 Q3
11 quarters
|
|
2910
First Trust Technology AlphaDEX Fund
FXL
$2.9B
| $288K | ﹤0.01% |
2,495
-171
| -6% | -$17.9K |
2015 Q1
33 quarters
|
|
2911
iShares Self-Driving EV and Tech ETF
IDRV
$281M
| $288K | ﹤0.01% |
7,004
-569
| -8% | -$21.4K |
2020 Q4
10 quarters
|
|
|
PEGR
2912
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
| $288K | ﹤0.01% |
+27,600
| New | +$284K |
2023 Q2
0 quarters
|
|
2913
Knife River
KNF
$2.87B
| $287K | ﹤0.01% |
+7,328
| New | +$311K |
2023 Q2
0 quarters
|
|
2914
ProShares S&P 500 ex-Financials ETF
SPXN
$79.5M
| $287K | ﹤0.01% |
+5,968
| New | +$270K |
2023 Q2
0 quarters
|
|
2915
CarGurus
CARG
$2.65B
| $287K | ﹤0.01% |
12,501
+1,949
| +18% | +$36.9K |
2023 Q1
1 quarter
|
|
2916
FirstCash
FCFS
$9.03B
| $286K | ﹤0.01% |
3,020
-2,456
| -45% | -$240K |
2013 Q2
40 quarters
|
|
2917
Avantis Core Municipal Fixed Income ETF
AVMU
$164M
| $286K | ﹤0.01% |
6,187
-20,063
| -76% | -$927K |
2023 Q1
1 quarter
|
|
2918
Piper Sandler
PIPR
$4.65B
| $286K | ﹤0.01% |
8,204
-4,608
| -36% | -$152K |
2013 Q2
40 quarters
|
|
2919
Cheesecake Factory
CAKE
$5.37B
| $285K | ﹤0.01% |
8,177
-2,312
| -22% | -$76.6K |
2013 Q2
40 quarters
|
|
2920
LGI Homes
LGIH
$1.11B
| $285K | ﹤0.01% |
2,104
-404
| -16% | -$48.5K |
2022 Q4
2 quarters
|
|
2921
iShares Core Moderate Allocation ETF
AOM
$1.88B
| $284K | ﹤0.01% |
7,009
+1,336
| +24% | +$53.3K |
2020 Q2
12 quarters
|
|
2922
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$226M
| $284K | ﹤0.01% |
+7,500
| New | +$278K |
2023 Q2
0 quarters
|
|
2923
VanEck China Bond ETF
CBON
$28.9M
| $283K | ﹤0.01% |
12,832
-18,483
| -59% | -$411K |
2020 Q3
11 quarters
|
|
2924
Cemex
CX
$13.6B
| $283K | ﹤0.01% |
38,930
-10,950
| -22% | -$69.7K |
2013 Q2
40 quarters
|
|
2925
Resideo Technologies
REZI
$2.76B
| $282K | ﹤0.01% |
15,776
-5,242
| -25% | -$90.5K |
2019 Q1
17 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.