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 |
Toronto Dominion Bank
TD
|
+$441M |
| 2 |
Brookfield
BN
|
+$350M |
| 3 |
Royal Bank of Canada
RY
|
+$335M |
| 4 |
Manulife Financial
MFC
|
+$281M |
| 5 |
Scotiabank
BNS
|
+$276M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$788M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$492M |
| 3 |
Blackstone
BX
|
+$441M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$406M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$405M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.52% |
| 2 | Technology | 10.11% |
| 3 | Energy | 9.47% |
| 4 | Industrials | 8.48% |
| 5 | Communication Services | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Idexx Laboratories
IDXX
$44.7B
| $35.4M | 0.03% |
130,101
-12,302
| -9% | -$3.42M |
|
452
Dentsply Sirona
XRAY
$2.31B
| $35.3M | 0.03% |
662,837
+204,819
| +45% | +$11M |
|
453
Yum! Brands
YUM
$41.2B
| $35.3M | 0.03% |
311,275
-79,613
| -20% | -$9.1M |
|
454
PUT
Suncor Energy
SU
$76.5B
| $35.3M | 0.03% |
1,117,300
+400,100
| +56% | +$12M |
|
455
Amdocs
DOX
$6.23B
| $35.2M | 0.03% |
532,652
-429,578
| -45% | -$27.6M |
|
456
State Street SPDR S&P Dividend ETF
SDY
$22.2B
| $35.1M | 0.03% |
342,058
-218,248
| -39% | -$22M |
|
457
Best Buy
BBY
$18B
| $35.1M | 0.03% |
508,288
+13,124
| +3% | +$915K |
|
458
Ares Capital
ARCC
$14.5B
| $34.2M | 0.03% |
1,833,923
+4,635
| +0.3% | +$86K |
|
|
HES
459
DELISTED
Hess
HES
| $34.2M | 0.03% |
564,927
-53,676
| -9% | -$3.34M |
|
460
Zimmer Biomet
ZBH
$19B
| $34.1M | 0.03% |
255,652
+9,237
| +4% | +$1.19M |
|
461
Paychex
PAYX
$44.6B
| $34M | 0.03% |
410,934
+39,996
| +11% | +$3.32M |
|
462
McKesson
MCK
$99.9B
| $33.9M | 0.03% |
248,222
-38,240
| -13% | -$5.42M |
|
463
Sherwin-Williams
SHW
$87.8B
| $33.9M | 0.03% |
185,028
+22,539
| +14% | +$3.83M |
|
464
LyondellBasell Industries
LYB
$20.2B
| $33.8M | 0.03% |
378,281
-41,009
| -10% | -$3.34M |
|
465
Intercontinental Exchange
ICE
$87.2B
| $33.7M | 0.03% |
365,418
+16,370
| +5% | +$1.49M |
|
466
Royal Caribbean
RCL
$82.9B
| $33.7M | 0.03% |
310,831
+54,337
| +21% | +$5.98M |
|
467
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.5B
| $33.5M | 0.03% |
555,232
-83,046
| -13% | -$5.01M |
|
468
Vanguard Energy ETF
VDE
$10.4B
| $33.3M | 0.03% |
+426,934
| New | +$34.2M |
|
469
Chipotle Mexican Grill
CMG
$41.3B
| $32.9M | 0.03% |
1,954,800
-641,900
| -25% | -$10.2M |
|
470
Agilent Technologies
A
$42.2B
| $32.8M | 0.03% |
428,183
+22,615
| +6% | +$1.63M |
|
471
iShares Russell 2000 ETF
IWM
$82.4B
| $32.7M | 0.03% |
216,172
-1,121,182
| -84% | -$171M |
|
472
O'Reilly Automotive
ORLY
$74.9B
| $32.7M | 0.03% |
1,230,435
-189,570
| -13% | -$4.9M |
|
473
Pultegroup
PHM
$24.9B
| $32.6M | 0.03% |
892,608
+344,557
| +63% | +$11.5M |
|
474
PUT
Tesla
TSLA
$1.34T
| $32.5M | 0.03% |
2,025,000
-2,250,180
| -53% | -$35.2M |
|
475
CBRE Group
CBRE
$44B
| $32.4M | 0.03% |
611,437
+102,696
| +20% | +$5.4M |
|
Similar funds
Bank of Montreal's Q3 2019 Portfolio in Review
As of Q3 2019, Bank of Montreal held 5,215 positions worth $116B, down 2.6% from $119B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Bank of Montreal withdrew a net $4.06B in Q3 2019, closing 466 positions and reducing 1,518 holdings. Its most notable exit was Andeavor Logistics LP, an estimated $115M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 25% a quarter earlier, followed by Technology and Energy.
Against the trend, Bank of Montreal opened a new position in Vanguard Energy ETF worth $33.3M.
- Bank of Montreal's largest Q3 2019 buy was Vanguard Energy ETF: 426,934 shares worth $33.3M.
- Bank of Montreal added most to Toronto Dominion Bank in Q3 2019, an estimated $441M increase.
- Bank of Montreal's biggest Q3 2019 reduction was Altaba Inc, cutting an estimated $788M.
- Bank of Montreal fully exited Andeavor Logistics LP in Q3 2019, selling an estimated $115M.
- Bank of Montreal's ten largest holdings make up 21% of its $116B portfolio in Q3 2019.
- Bank of Montreal opened 284 new positions and closed 466 in Q3 2019.
- Bank of Montreal's portfolio value fell 2.6% quarter-over-quarter to $116B.
Based on Bank of Montreal's 13F filing for Q3 2019, filed 8 Nov 2019.