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 | |
|---|---|---|---|---|---|---|
426
Huntington Bancshares
HBAN
$36.1B
| $46.9M | 0.02% |
4,297,451
+265,623
| +7% | +$2.84M |
|
427
Sysco
SYY
$40.5B
| $46.9M | 0.02% |
631,794
-6,614
| -1% | -$489K |
|
428
Jabil
JBL
$38.4B
| $46.8M | 0.02% |
431,002
+126,508
| +42% | +$11.1M |
|
429
Winnebago Industries
WGO
$915M
| $46.7M | 0.02% |
697,694
+52,191
| +8% | +$3.11M |
|
430
Kinross Gold
KGC
$32.6B
| $46.7M | 0.02% |
9,449,375
+1,347,094
| +17% | +$6.73M |
|
431
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.2B
| $46.6M | 0.02% |
619,578
-27,468
| -4% | -$1.96M |
|
432
FirstService
FSV
$6.24B
| $46.5M | 0.02% |
301,412
-47,353
| -14% | -$6.88M |
|
433
Carvana
CVNA
$79.7B
| $46.2M | 0.02% |
8,724,660
+8,330,940
| +2,116% | +$23.1M |
|
434
Old Dominion Freight Line
ODFL
$44.1B
| $46.1M | 0.02% |
248,824
+41,528
| +20% | +$6.72M |
|
435
Western Digital
WDC
$157B
| $46.1M | 0.02% |
1,504,977
+1,034,522
| +220% | +$28.8M |
|
436
CALL
Royal Bank of Canada
RY
$297B
| $45.9M | 0.02% |
480,000
+283,700
| +145% | +$27.1M |
|
437
Johnson Controls International
JCI
$92.6B
| $45.8M | 0.02% |
668,623
+53,419
| +9% | +$3.29M |
|
438
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $45.8M | 0.02% |
608,775
-37,890
| -6% | -$2.83M |
|
439
Performance Food Group
PFGC
$16.9B
| $45.5M | 0.02% |
754,815
+372,927
| +98% | +$22M |
|
440
OR Royalties Inc
OR
$6.31B
| $45.4M | 0.02% |
2,915,832
+625,225
| +27% | +$10.1M |
|
441
Aflac
AFL
$60.5B
| $45.4M | 0.02% |
648,324
+53,883
| +9% | +$3.61M |
|
442
PUT
iShares US Real Estate ETF
IYR
$4.52B
| $45.2M | 0.02% |
+522,100
| New | +$43.9M |
|
443
CALL
Bank of Montreal
BMO
$129B
| $45.2M | 0.02% |
+500,000
| New | +$44.2M |
|
444
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $45.1M | 0.02% |
389,331
+294,064
| +309% | +$34.4M |
|
445
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $45.1M | 0.02% |
744,861
-5,330
| -0.7% | -$319K |
|
446
PUT
Canadian Natural Resources
CNQ
$98.1B
| $45M | 0.02% |
1,600,000
+400,000
| +33% | +$11.4M |
|
447
PUT
SPDR Gold Trust
GLD
$144B
| $44.9M | 0.02% |
243,200
-120,000
| -33% | -$22M |
|
448
Xylem
XYL
$28.5B
| $44.4M | 0.02% |
387,253
+53,652
| +16% | +$5.67M |
|
449
Align Technology
ALGN
$12.4B
| $44M | 0.02% |
124,147
-20,292
| -14% | -$6.46M |
|
450
Edison International
EIX
$26.7B
| $43.9M | 0.02% |
624,984
-26,299
| -4% | -$1.85M |
|
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.