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 | 25.31% |
| 2 | Consumer Discretionary | 17.73% |
| 3 | Financials | 14.01% |
| 4 | Technology | 12.46% |
| 5 | Industrials | 4.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3051
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.27B
| $236K | ﹤0.01% |
9,990
-4,150
| -29% | -$97.9K |
|
3052
NBT Bancorp
NBTB
$2.78B
| $236K | ﹤0.01% |
6,672
-969
| -13% | -$32.4K |
|
|
JBGS
3053
JBG SMITH
JBGS
$691M
| $235K | ﹤0.01% |
15,316
+1,796
| +13% | +$26.2K |
|
3054
Vertiv
VRT
$111B
| $235K | ﹤0.01% |
9,470
-56,600
| -86% | -$972K |
|
3055
State Street Multi-Asset Real Return ETF
RLY
$1.31B
| $234K | ﹤0.01% |
8,537
-133,011
| -94% | -$3.61M |
|
3056
Frontdoor
FTDR
$5.89B
| $234K | ﹤0.01% |
7,287
-2,688
| -27% | -$80.1K |
|
3057
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.6B
| $233K | ﹤0.01% |
5,987
+2,518
| +73% | +$93.6K |
|
|
BKN
3058
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
| $233K | ﹤0.01% |
17,650
+1,182
| +7% | +$13.6K |
|
3059
Cognyte Software
CGNT
$675M
| $233K | ﹤0.01% |
+37,982
| New | +$177K |
|
3060
First Commonwealth Financial
FCF
$2.18B
| $233K | ﹤0.01% |
16,541
-3,733
| -18% | -$47.1K |
|
3061
SiTime
SITM
$20.7B
| $232K | ﹤0.01% |
1,911
-834
| -30% | -$91K |
|
|
PPI
3062
AXS Astoria Inflation Sensitive ETF
PPI
$163M
| $231K | ﹤0.01% |
17,964
-72,792
| -80% | -$906K |
|
3063
RPC Inc
RES
$1.4B
| $231K | ﹤0.01% |
31,378
-5,136
| -14% | -$37.6K |
|
3064
The Bancorp
TBBK
$2.83B
| $230K | ﹤0.01% |
+6,442
| New | +$198K |
|
3065
DNP Select Income Fund
DNP
$4.12B
| $230K | ﹤0.01% |
21,950
| – | – |
|
3066
Schwab US Mid-Cap ETF
SCHM
$15.3B
| $230K | ﹤0.01% |
9,717
-546
| -5% | -$12.3K |
|
3067
STMicroelectronics
STM
$48.1B
| $230K | ﹤0.01% |
4,595
-33,767
| -88% | -$1.57M |
|
3068
Invesco Global Water ETF
PIO
$278M
| $230K | ﹤0.01% |
6,345
+894
| +16% | +$31.3K |
|
3069
Northern Oil and Gas
NOG
$2.57B
| $229K | ﹤0.01% |
6,631
-6,019
| -48% | -$195K |
|
3070
Lifetime Brands
LCUT
$219M
| $229K | ﹤0.01% |
+39,454
| New | +$202K |
|
3071
Ultragenyx Pharmaceutical
RARE
$2.65B
| $229K | ﹤0.01% |
4,739
-49,668
| -91% | -$2.3M |
|
3072
EverQuote
EVER
$867M
| $229K | ﹤0.01% |
+30,737
| New | +$259K |
|
|
FOCS
3073
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $229K | ﹤0.01% |
4,359
-11,166
| -72% | -$582K |
|
3074
Pacira BioSciences
PCRX
$924M
| $229K | ﹤0.01% |
5,535
-1,190
| -18% | -$49.2K |
|
|
HBI
3075
PUT
DELISTED
Hanesbrands
HBI
| $228K | ﹤0.01% |
48,400
| – | – |
|
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.