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 |
Snowflake
SNOW
|
+$413M |
| 2 |
Microsoft
MSFT
|
+$334M |
| 3 |
ExxonMobil
XOM
|
+$296M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$291M |
| 5 |
Tesla
TSLA
|
+$256M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.83B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.23B |
| 3 |
Toronto Dominion Bank
TD
|
+$1.17B |
| 4 |
NVIDIA
NVDA
|
+$518M |
| 5 |
Mastercard
MA
|
+$482M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.31% |
| 2 | Consumer Discretionary | 19.56% |
| 3 | Technology | 15.19% |
| 4 | Financials | 13.61% |
| 5 | Industrials | 4.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Waters Corp
WAT
$40.9B
| $31.1M | 0.01% |
106,315
-28,096
| -21% | -$8.97M |
|
602
Varonis Systems
VRNS
$4.82B
| $31.1M | 0.01% |
646,261
+69,827
| +12% | +$3.09M |
|
603
Smith & Nephew
SNN
$12.5B
| $31.1M | 0.01% |
1,235,916
+964,762
| +356% | +$24.1M |
|
604
National Grid
NGG
$81.1B
| $31M | 0.01% |
569,625
+96,273
| +20% | +$5.8M |
|
605
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $30.9M | 0.01% |
326,900
-79,500
| -20% | -$7.24M |
|
606
Keysight
KEYS
$60.6B
| $30.7M | 0.01% |
223,230
+16,193
| +8% | +$2.37M |
|
607
FirstEnergy
FE
$27.2B
| $30.7M | 0.01% |
799,495
-5,906
| -0.7% | -$229K |
|
608
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12B
| $30.3M | 0.01% |
256,487
-13,185
| -5% | -$1.55M |
|
|
NEE.PRS
609
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.11B
| $30.3M | 0.01% |
+599,250
| New | +$30.1M |
|
610
DTE Energy
DTE
$28.9B
| $30.2M | 0.01% |
269,031
+42,960
| +19% | +$4.8M |
|
611
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
| $30.2M | 0.01% |
660,200
+513,000
| +349% | +$23.9M |
|
612
Labcorp
LH
$26.2B
| $30.2M | 0.01% |
144,752
+12,555
| +9% | +$2.55M |
|
613
Domino's
DPZ
$11.7B
| $29.8M | 0.01% |
55,916
-4,525
| -7% | -$2.31M |
|
614
Mercado Libre
MELI
$92.7B
| $29.8M | 0.01% |
17,350
-6,847
| -28% | -$10.8M |
|
615
International Paper
IP
$21.8B
| $29.6M | 0.01% |
629,702
+307,631
| +96% | +$12.5M |
|
616
Tapestry
TPR
$31.1B
| $29.6M | 0.01% |
704,277
+16,040
| +2% | +$670K |
|
617
Sarepta Therapeutics
SRPT
$1.94B
| $29.6M | 0.01% |
177,890
+1,050
| +0.6% | +$135K |
|
618
Cloudflare
NET
$111B
| $29.1M | 0.01% |
350,173
+132,514
| +61% | +$10.7M |
|
619
Novavax
NVAX
$1.31B
| $29M | 0.01% |
2,035,398
+1,375,047
| +208% | +$13.8M |
|
620
Equity Residential
EQR
$24.2B
| $29M | 0.01% |
418,570
+14,699
| +4% | +$957K |
|
621
Freshpet
FRPT
$3.48B
| $28.9M | 0.01% |
222,065
+5,512
| +3% | +$661K |
|
622
Hormel Foods
HRL
$13.4B
| $28.8M | 0.01% |
943,194
+172,840
| +22% | +$5.81M |
|
623
Molson Coors Class B
TAP
$7.75B
| $28.7M | 0.01% |
557,378
+7,954
| +1% | +$460K |
|
624
Schwab International Equity ETF
SCHF
$69.1B
| $28.7M | 0.01% |
1,472,476
+1,188,086
| +418% | +$23M |
|
625
Principal Financial Group
PFG
$24.4B
| $28.6M | 0.01% |
357,262
+120,100
| +51% | +$9.75M |
|
Similar funds
Bank of Montreal's Q2 2024 Portfolio in Review
As of Q2 2024, Bank of Montreal held 4,374 positions worth $344B, up 4.4% from $330B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Bank of Montreal's Q2 2024 filing shows 545 new, 1,524 increased, 1,340 reduced and 563 closed positions. Its largest new stake was Ferrovial N.V. Ordinary Shares: 1,756,433 shares worth $69.7M. The largest sale was Alibaba, an estimated $1.83B.
By sector, the portfolio is most concentrated in Communication Services at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Technology.
- Bank of Montreal's largest Q2 2024 buy was Ferrovial N.V. Ordinary Shares: 1,756,433 shares worth $69.7M.
- Bank of Montreal added most to Snowflake in Q2 2024, an estimated $413M increase.
- Bank of Montreal's biggest Q2 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.23B.
- Bank of Montreal fully exited Alibaba in Q2 2024, selling an estimated $1.83B.
- Bank of Montreal's ten largest holdings make up 51% of its $344B portfolio in Q2 2024.
- Bank of Montreal opened 545 new positions and closed 563 in Q2 2024.
- Bank of Montreal's portfolio value rose 4.4% quarter-over-quarter to $344B.
Based on Bank of Montreal's 13F filing for Q2 2024, filed 14 Aug 2024.