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 | |
|---|---|---|---|---|---|---|
676
iShares MSCI EAFE Growth ETF
EFG
$17.4B
| $23.3M | 0.01% |
239,885
+11,093
| +5% | +$1.06M |
|
677
Halliburton
HAL
$27.4B
| $23.2M | 0.01% |
694,946
-119,888
| -15% | -$3.79M |
|
678
Brown & Brown
BRO
$24B
| $23.2M | 0.01% |
336,541
+4,306
| +1% | +$274K |
|
679
Equitable Holdings
EQH
$14.4B
| $23.1M | 0.01% |
846,802
+405,770
| +92% | +$10.3M |
|
680
Spotify
SPOT
$102B
| $23.1M | 0.01% |
143,457
+73,104
| +104% | +$10.6M |
|
681
TripAdvisor
TRIP
$1.29B
| $23.1M | 0.01% |
1,363,536
+1,093,380
| +405% | +$18.5M |
|
682
iShares US Aerospace & Defense ETF
ITA
$14.9B
| $22.9M | 0.01% |
196,034
-9,806
| -5% | -$1.12M |
|
683
iShares S&P Mid-Cap 400 Value ETF
IJJ
$9.08B
| $22.9M | 0.01% |
212,794
-5,334
| -2% | -$542K |
|
|
JNPR
684
DELISTED
Juniper Networks
JNPR
| $22.7M | 0.01% |
700,474
+493,615
| +239% | +$15.2M |
|
685
CALL
Agnico Eagle Mines
AEM
$91.3B
| $22.7M | 0.01% |
447,100
+412,100
| +1,177% | +$22.3M |
|
686
Mid-America Apartment Communities
MAA
$15.6B
| $22.7M | 0.01% |
146,047
+6,517
| +5% | +$979K |
|
687
Vanguard Russell 1000 Value ETF
VONV
$22B
| $22.7M | 0.01% |
326,739
-243,163
| -43% | -$16.3M |
|
688
HP
HPQ
$28.6B
| $22.6M | 0.01% |
721,182
+156,726
| +28% | +$4.7M |
|
689
State Street SPDR S&P Semiconductor ETF
XSD
$2.88B
| $22.5M | 0.01% |
101,055
+57,994
| +135% | +$11.5M |
|
690
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.5B
| $22.4M | 0.01% |
262,986
-4,860
| -2% | -$372K |
|
691
Arch Capital
ACGL
$33.5B
| $22.3M | 0.01% |
296,205
-92,639
| -24% | -$6.7M |
|
692
Corning
GLW
$137B
| $22.2M | 0.01% |
618,995
+55,574
| +10% | +$1.83M |
|
693
Grupo Aeroportuario del Sureste
ASR
$8.01B
| $22.2M | 0.01% |
74,110
+64,907
| +705% | +$18.7M |
|
694
First Horizon
FHN
$12.3B
| $22M | 0.01% |
1,870,502
-475,840
| -20% | -$6.38M |
|
|
LSXMK
695
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $22M | 0.01% |
866,732
+495,708
| +134% | +$11.1M |
|
696
Vanguard Short-Term Bond ETF
BSV
$45.7B
| $21.9M | 0.01% |
288,783
-20,231
| -7% | -$1.54M |
|
697
Etsy
ETSY
$7.4B
| $21.9M | 0.01% |
229,410
-163,432
| -42% | -$15.4M |
|
698
Global X MLP ETF
MLPA
$2.28B
| $21.9M | 0.01% |
507,630
-4,600
| -0.9% | -$193K |
|
|
SPLK
699
DELISTED
Splunk Inc
SPLK
| $21.7M | 0.01% |
200,099
+21,090
| +12% | +$2M |
|
700
PUT
Atlassian
TEAM
$42.1B
| $21.7M | 0.01% |
120,000
+90,000
| +300% | +$14.4M |
|
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.