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 | |
|---|---|---|---|---|---|---|
726
C.H. Robinson
CHRW
$17.5B
| $20.1M | 0.01% |
210,728
+5,627
| +3% | +$544K |
|
727
Five Below
FIVE
$13.4B
| $20.1M | 0.01% |
100,695
+91,940
| +1,050% | +$18M |
|
728
Rapid7
RPD
$929M
| $20.1M | 0.01% |
434,893
+129,635
| +42% | +$6.01M |
|
729
Raymond James Financial
RJF
$34.8B
| $20.1M | 0.01% |
192,894
-2,184
| -1% | -$203K |
|
730
Jazz Pharmaceuticals
JAZZ
$16B
| $20M | 0.01% |
155,549
+58,020
| +59% | +$7.81M |
|
731
BorgWarner
BWA
$13.8B
| $20M | 0.01% |
464,681
-928,670
| -67% | -$38.2M |
|
732
Trade Desk
TTD
$6.84B
| $20M | 0.01% |
258,192
-98,767
| -28% | -$6.68M |
|
733
Nutanix
NTNX
$18.4B
| $20M | 0.01% |
675,108
+652,703
| +2,913% | +$17.3M |
|
734
iShares Micro-Cap ETF
IWC
$1.5B
| $20M | 0.01% |
178,358
+19,632
| +12% | +$2.06M |
|
735
Targa Resources
TRGP
$57.2B
| $19.9M | 0.01% |
260,272
+10,442
| +4% | +$757K |
|
|
GOGN
736
DELISTED
GoGreen Investments Corporation
GOGN
| $19.8M | 0.01% |
1,719,488
-236,102
| -12% | -$2.52M |
|
737
Healthpeak Properties
DOC
$14.3B
| $19.6M | 0.01% |
937,785
-769,798
| -45% | -$16M |
|
738
Burlington
BURL
$22.4B
| $19.5M | 0.01% |
122,272
+114,700
| +1,515% | +$19.7M |
|
|
BBU
739
DELISTED
Brookfield Business Partners
BBU
| $19.5M | 0.01% |
970,740
+91,789
| +10% | +$1.68M |
|
740
CarMax
KMX
$8.52B
| $19.4M | 0.01% |
231,757
+27,971
| +14% | +$2.05M |
|
741
Nasdaq
NDAQ
$54.6B
| $19.4M | 0.01% |
335,875
+137,323
| +69% | +$7.44M |
|
742
PUT
State Street Financial Select Sector SPDR ETF
XLF
$59.5B
| $19.4M | 0.01% |
575,000
-25,000
| -4% | -$816K |
|
743
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.69B
| $19.3M | 0.01% |
149,900
-876,300
| -85% | -$110M |
|
744
PUT
iShares China Large-Cap ETF
FXI
$4.16B
| $19.2M | 0.01% |
664,000
| – | – |
|
745
CALL
Murphy Oil
MUR
$4.99B
| $19.2M | 0.01% |
+493,100
| New | +$18.2M |
|
746
CF Industries
CF
$17.7B
| $19.1M | 0.01% |
267,670
+39,674
| +17% | +$2.77M |
|
747
Alcon
ALC
$35.5B
| $19.1M | 0.01% |
228,835
-35,286
| -13% | -$2.69M |
|
748
Steris
STE
$23B
| $19.1M | 0.01% |
84,678
-3,729
| -4% | -$746K |
|
|
BCPC
749
Balchem Corp
BCPC
$5.65B
| $19M | 0.01% |
138,985
-23,416
| -14% | -$3.01M |
|
|
SYNH
750
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $19M | 0.01% |
451,271
+367,445
| +438% | +$14.9M |
|
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.