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 |
Alphabet (Google) Class C
GOOG
|
+$175M |
| 2 |
Becton Dickinson
BDX
|
+$158M |
| 3 |
Tyson Foods
TSN
|
+$140M |
| 4 |
BCE
BCE
|
+$119M |
| 5 |
US Bancorp
USB
|
+$107M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$395M |
| 2 |
Tesla
TSLA
|
+$375M |
| 3 |
Apple
AAPL
|
+$318M |
| 4 |
ARMH
ARM HOLDINGS PLC ADS
ARMH
|
+$318M |
| 5 |
Gilead Sciences
GILD
|
+$264M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.95% |
| 2 | Energy | 10.75% |
| 3 | Communication Services | 8.65% |
| 4 | Industrials | 7.77% |
| 5 | Technology | 7.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Tesla
TSLA
$1.31T
| $641M | 0.7% |
47,116,860
-25,956,690
| -36% | -$375M |
|
27
Telus
TU
$15.3B
| $605M | 0.66% |
36,694,432
-1,084,972
| -3% | -$17.9M |
|
28
Verizon
VZ
$197B
| $575M | 0.63% |
11,067,328
-900,040
| -8% | -$48.3M |
|
29
Sun Life Financial
SLF
$44.8B
| $566M | 0.62% |
17,382,409
-334,322
| -2% | -$10.8M |
|
30
PepsiCo
PEP
$188B
| $533M | 0.58% |
4,901,587
-992
| -0% | -$107K |
|
31
ExxonMobil
XOM
$658B
| $505M | 0.55% |
5,789,081
+61,213
| +1% | +$5.43M |
|
32
Cisco
CSCO
$474B
| $504M | 0.55% |
15,877,195
-398,469
| -2% | -$12.3M |
|
33
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $493M | 0.54% |
4,000,000
| – | – |
|
34
Amazon
AMZN
$2.93T
| $484M | 0.53% |
11,553,900
+1,997,580
| +21% | +$76.5M |
|
35
Citigroup
C
$228B
| $470M | 0.51% |
9,958,084
-261,156
| -3% | -$11.9M |
|
36
Comcast
CMCSA
$90.7B
| $448M | 0.49% |
13,519,996
-192,132
| -1% | -$6.39M |
|
37
Intel
INTC
$491B
| $425M | 0.46% |
11,269,756
-4,665,039
| -29% | -$165M |
|
38
Canadian Pacific Kansas City
CP
$80.5B
| $423M | 0.46% |
13,859,065
+1,066,120
| +8% | +$31.3M |
|
39
CGI
GIB
$15.5B
| $422M | 0.46% |
8,867,587
+598,010
| +7% | +$28.2M |
|
40
Franco-Nevada
FNV
$46.4B
| $417M | 0.46% |
5,966,054
+60,816
| +1% | +$4.56M |
|
41
Amgen
AMGN
$224B
| $414M | 0.45% |
2,481,557
-35,937
| -1% | -$6.08M |
|
42
CVS Health
CVS
$120B
| $406M | 0.44% |
4,561,880
-22,902
| -0.5% | -$2.16M |
|
43
iShares MSCI EAFE ETF
EFA
$79.9B
| $378M | 0.41% |
6,387,821
-957,533
| -13% | -$55.5M |
|
44
Home Depot
HD
$356B
| $363M | 0.4% |
2,818,654
+179,120
| +7% | +$23.9M |
|
45
Pembina Pipeline
PBA
$28.2B
| $353M | 0.39% |
11,582,227
+699,364
| +6% | +$21M |
|
46
Brookfield Infrastructure Partners
BIP
$18B
| $349M | 0.38% |
16,938,230
+934,547
| +6% | +$18M |
|
47
Cenovus Energy
CVE
$55.1B
| $333M | 0.36% |
23,146,668
+2,188,441
| +10% | +$31.2M |
|
|
48
Tyson Foods
TSN
$19.8B
| $332M | 0.36% |
4,445,353
+1,905,893
| +75% | +$140M |
|
|
49
CALL
iShares MSCI EAFE ETF
EFA
$79.9B
| $319M | 0.35% |
5,400,000
| – | – |
|
50
Walmart Inc
WMT
$896B
| $319M | 0.35% |
13,277,733
+542,907
| +4% | +$13.2M |
|
Similar funds
Bank of Montreal's Q3 2016 Portfolio in Review
As of Q3 2016, Bank of Montreal held 4,425 positions worth $91.6B, up 4.8% from $87.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Bank of Montreal's Q3 2016 filing shows 283 new, 1,392 increased, 1,516 reduced and 369 closed positions. Its largest new stake was OR Royalties Inc: 1,127,746 shares worth $12.3M. The largest sale was VanEck Gold Miners ETF, an estimated $395M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 25% a quarter earlier, followed by Energy and Communication Services.
- Bank of Montreal's largest Q3 2016 buy was OR Royalties Inc: 1,127,746 shares worth $12.3M.
- Bank of Montreal added most to Alphabet (Google) Class C in Q3 2016, an estimated $175M increase.
- Bank of Montreal's biggest Q3 2016 reduction was VanEck Gold Miners ETF, cutting an estimated $395M.
- Bank of Montreal fully exited ARM HOLDINGS PLC ADS in Q3 2016, selling an estimated $318M.
- Bank of Montreal's ten largest holdings make up 24% of its $91.6B portfolio in Q3 2016.
- Bank of Montreal opened 283 new positions and closed 369 in Q3 2016.
- Bank of Montreal's portfolio value rose 4.8% quarter-over-quarter to $91.6B.
Based on Bank of Montreal's 13F filing for Q3 2016, filed 19 Oct 2016.