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 |
Mastercard
MA
|
+$1.11B |
| 2 |
Alibaba
BABA
|
+$437M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$383M |
| 4 |
TC Energy
TRP
|
+$306M |
| 5 |
Snowflake
SNOW
|
+$281M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.07B |
| 2 |
Microsoft
MSFT
|
+$738M |
| 3 |
Meta Platforms (Facebook)
META
|
+$491M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$393M |
| 5 |
NVIDIA
NVDA
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.85% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Technology | 14.64% |
| 4 | Financials | 13.88% |
| 5 | Industrials | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Vanguard Total International Bond ETF
BNDX
$83B
| $36.9M | 0.01% |
748,371
+372,447
| +99% | +$18.2M |
|
527
First Citizens BancShares
FCNCA
$25.7B
| $36.7M | 0.01% |
22,408
-11,318
| -34% | -$17M |
|
528
Eastman Chemical
EMN
$8.38B
| $36.7M | 0.01% |
368,000
+3,523
| +1% | +$310K |
|
529
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.75B
| $36.5M | 0.01% |
499,726
-311,427
| -38% | -$22.3M |
|
530
Dimensional Emerging Core Equity Market ETF
DFAE
$9.85B
| $36.3M | 0.01% |
1,468,187
+426,933
| +41% | +$10.2M |
|
531
iShares MSCI Emerging Markets ex China ETF
EMXC
$24.7B
| $36.2M | 0.01% |
629,540
+539,872
| +602% | +$30M |
|
532
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $36.1M | 0.01% |
478,175
+39,355
| +9% | +$2.97M |
|
533
CBRE Group
CBRE
$42.9B
| $36.1M | 0.01% |
372,256
-3,897
| -1% | -$350K |
|
|
WBA
534
DELISTED
Walgreens Boots Alliance
WBA
| $36M | 0.01% |
1,655,569
-134,926
| -8% | -$3M |
|
535
Eversource Energy
ES
$27.1B
| $35.9M | 0.01% |
599,834
-56,637
| -9% | -$3.26M |
|
536
AvalonBay Communities
AVB
$26.3B
| $35.9M | 0.01% |
192,817
+6,085
| +3% | +$1.09M |
|
537
iShares S&P Small-Cap 600 Value ETF
IJS
$8.39B
| $35.5M | 0.01% |
345,551
-71,162
| -17% | -$7.06M |
|
538
Zillow
Z
$7.69B
| $35.5M | 0.01% |
698,807
+62,132
| +10% | +$3.38M |
|
539
Monolithic Power Systems
MPWR
$69B
| $35.5M | 0.01% |
51,901
+8,926
| +21% | +$5.96M |
|
540
State Street Financial Select Sector SPDR ETF
XLF
$59B
| $35.4M | 0.01% |
844,671
-157,318
| -16% | -$6.21M |
|
541
Willis Towers Watson
WTW
$31B
| $35.4M | 0.01% |
128,166
-33,540
| -21% | -$8.82M |
|
|
SWAV
542
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $35.3M | 0.01% |
108,066
-27,466
| -20% | -$6.74M |
|
543
Trade Desk
TTD
$6.45B
| $35.3M | 0.01% |
401,008
+11,628
| +3% | +$881K |
|
544
PUT
JPMorgan Chase
JPM
$965B
| $35.2M | 0.01% |
176,400
-639,400
| -78% | -$115M |
|
545
iShares ESG Aware MSCI EM ETF
ESGE
$6.86B
| $35.2M | 0.01% |
1,080,464
+1,077,737
| +39,521% | +$34M |
|
546
Fortive
FTV
$18.4B
| $34.8M | 0.01% |
531,647
+72,459
| +16% | +$4.4M |
|
547
SAP
SAP
$233B
| $34.6M | 0.01% |
176,053
-10,188
| -5% | -$1.81M |
|
548
Public Service Enterprise Group
PEG
$37.8B
| $34.5M | 0.01% |
515,668
-322,020
| -38% | -$19.7M |
|
549
CALL
Royal Bank of Canada
RY
$298B
| $34.2M | 0.01% |
340,000
+210,000
| +162% | +$20.7M |
|
550
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
| $34.1M | 0.01% |
270,000
-55,000
| -17% | -$6.47M |
|
Similar funds
Bank of Montreal's Q1 2024 Portfolio in Review
As of Q1 2024, Bank of Montreal held 4,502 positions worth $330B, up 0.02% from $330B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Bank of Montreal withdrew a net $11.8B in Q1 2024, closing 666 positions and reducing 1,523 holdings. Its most notable exit was SPDR Gold MiniShares Trust, an estimated $69.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Bank of Montreal opened a new position in Analog Devices worth $59.7M.
- Bank of Montreal's largest Q1 2024 buy was Analog Devices: 663,817 shares worth $59.7M.
- Bank of Montreal added most to Mastercard in Q1 2024, an estimated $1.11B increase.
- Bank of Montreal's biggest Q1 2024 reduction was Invesco QQQ Trust, cutting an estimated $1.07B.
- Bank of Montreal fully exited SPDR Gold MiniShares Trust in Q1 2024, selling an estimated $69.1M.
- Bank of Montreal's ten largest holdings make up 52% of its $330B portfolio in Q1 2024.
- Bank of Montreal opened 537 new positions and closed 666 in Q1 2024.
- Bank of Montreal's portfolio value rose 0.02% quarter-over-quarter to $330B.
Based on Bank of Montreal's 13F filing for Q1 2024, filed 13 May 2024.