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 |
Toronto Dominion Bank
TD
|
+$441M |
| 2 |
Brookfield
BN
|
+$350M |
| 3 |
Royal Bank of Canada
RY
|
+$335M |
| 4 |
Manulife Financial
MFC
|
+$281M |
| 5 |
Scotiabank
BNS
|
+$276M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$788M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$492M |
| 3 |
Blackstone
BX
|
+$441M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$406M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$405M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.52% |
| 2 | Technology | 10.11% |
| 3 | Energy | 9.47% |
| 4 | Industrials | 8.48% |
| 5 | Communication Services | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
iShares US Real Estate ETF
IYR
$4.58B
| $14M | 0.01% |
149,149
-436,952
| -75% | -$39.8M |
|
|
AIV
752
Aimco
AIV
$379M
| $13.9M | 0.01% |
1,998,251
+897,153
| +81% | +$6.07M |
|
|
XIFR
753
XPLR Infrastructure LP
XIFR
$1.09B
| $13.8M | 0.01% |
261,237
+83,198
| +47% | +$4.18M |
|
754
Alexandria Real Estate Equities
ARE
$8.33B
| $13.7M | 0.01% |
89,094
+18,840
| +27% | +$2.78M |
|
755
Stantec
STN
$8.44B
| $13.7M | 0.01% |
616,504
-57,971
| -9% | -$1.32M |
|
|
KL
756
PUT
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $13.7M | 0.01% |
+305,000
| New | +$13.9M |
|
757
iShares MSCI USA Min Vol Factor ETF
USMV
$24.6B
| $13.6M | 0.01% |
212,128
+74,136
| +54% | +$4.7M |
|
758
Alcon
ALC
$35.5B
| $13.6M | 0.01% |
232,600
+46,382
| +25% | +$2.78M |
|
759
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $13.5M | 0.01% |
236,224
-1,153,830
| -83% | -$65.2M |
|
760
Itaú Unibanco
ITUB
$80.9B
| $13.5M | 0.01% |
2,207,734
-390,912
| -15% | -$2.54M |
|
|
ALGR
761
DELISTED
Allegro Merger Corp
ALGR
| $13.5M | 0.01% |
1,329,656
| – | – |
|
762
Bright Horizons
BFAM
$3.85B
| $13.5M | 0.01% |
88,390
-9,186
| -9% | -$1.44M |
|
763
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $13.5M | 0.01% |
357,056
+222,778
| +166% | +$8.32M |
|
|
NUAN
764
DELISTED
Nuance Communications, Inc.
NUAN
| $13.4M | 0.01% |
950,864
-32,103
| -3% | -$462K |
|
765
Mercado Libre
MELI
$92.7B
| $13.4M | 0.01% |
24,354
-4,758
| -16% | -$2.89M |
|
766
Cardinal Health
CAH
$53.8B
| $13.4M | 0.01% |
284,041
-225,923
| -44% | -$10.3M |
|
767
CALL
Canadian Pacific Kansas City
CP
$82.6B
| $13.3M | 0.01% |
+300,000
| New | +$14.1M |
|
768
PUT
Meta Platforms (Facebook)
META
$1.52T
| $13.2M | 0.01% |
74,000
-90,000
| -55% | -$17.1M |
|
769
Globe Life
GL
$14B
| $13.1M | 0.01% |
136,955
-11,266
| -8% | -$1.02M |
|
770
PUT
Thomson Reuters
TRI
$46B
| $13M | 0.01% |
185,069
-161,343
| -47% | -$11.5M |
|
|
MRO
771
DELISTED
Marathon Oil Corporation
MRO
| $13M | 0.01% |
1,062,380
+737,806
| +227% | +$9.54M |
|
772
PUT
Wheaton Precious Metals
WPM
$59.9B
| $13M | 0.01% |
+494,100
| New | +$13.3M |
|
773
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
| $12.9M | 0.01% |
400,000
| – | – |
|
|
EA
774
PUT
DELISTED
Electronic Arts
EA
| $12.9M | 0.01% |
+132,100
| New | +$12.4M |
|
775
Avery Dennison
AVY
$13.6B
| $12.9M | 0.01% |
113,746
+7,328
| +7% | +$836K |
|
Similar funds
Bank of Montreal's Q3 2019 Portfolio in Review
As of Q3 2019, Bank of Montreal held 5,215 positions worth $116B, down 2.6% from $119B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Bank of Montreal withdrew a net $4.06B in Q3 2019, closing 466 positions and reducing 1,518 holdings. Its most notable exit was Andeavor Logistics LP, an estimated $115M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 25% a quarter earlier, followed by Technology and Energy.
Against the trend, Bank of Montreal opened a new position in Vanguard Energy ETF worth $33.3M.
- Bank of Montreal's largest Q3 2019 buy was Vanguard Energy ETF: 426,934 shares worth $33.3M.
- Bank of Montreal added most to Toronto Dominion Bank in Q3 2019, an estimated $441M increase.
- Bank of Montreal's biggest Q3 2019 reduction was Altaba Inc, cutting an estimated $788M.
- Bank of Montreal fully exited Andeavor Logistics LP in Q3 2019, selling an estimated $115M.
- Bank of Montreal's ten largest holdings make up 21% of its $116B portfolio in Q3 2019.
- Bank of Montreal opened 284 new positions and closed 466 in Q3 2019.
- Bank of Montreal's portfolio value fell 2.6% quarter-over-quarter to $116B.
Based on Bank of Montreal's 13F filing for Q3 2019, filed 8 Nov 2019.