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 |
Royal Bank of Canada
RY
|
+$1.05B |
| 2 |
TC Energy
TRP
|
+$688M |
| 3 |
Toronto Dominion Bank
TD
|
+$601M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 5 |
Broadcom
AVGO
|
+$532M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$324M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
NVIDIA
NVDA
|
+$232M |
| 4 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$220M |
| 5 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.73% |
| 2 | Consumer Discretionary | 17.33% |
| 3 | Financials | 14.55% |
| 4 | Technology | 12.7% |
| 5 | Energy | 4.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
PUT
iShares MSCI United Kingdom ETF
EWU
$4.13B
| $13.4M | ﹤0.01% |
+400,000
| New | +$12.9M |
|
852
iShares Russell Mid-Cap Growth ETF
IWP
$21.1B
| $13.4M | ﹤0.01% |
138,592
-1,977
| -1% | -$189K |
|
|
BBUC
853
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.01B
| $13.3M | ﹤0.01% |
655,671
+102,316
| +18% | +$1.96M |
|
854
Gentex
GNTX
$4.99B
| $13.3M | ﹤0.01% |
406,560
-601,380
| -60% | -$19.3M |
|
855
Principal Financial Group
PFG
$24.6B
| $13.3M | ﹤0.01% |
171,717
-1,367
| -0.8% | -$106K |
|
856
GSK
GSK
$101B
| $13.3M | ﹤0.01% |
353,886
+345,409
| +4,075% | +$12.3M |
|
857
CALL
SM Energy
SM
$7.71B
| $13.2M | ﹤0.01% |
323,000
| – | – |
|
858
PUT
State Street Technology Select Sector SPDR ETF
XLK
$125B
| $13.2M | ﹤0.01% |
+150,000
| New | +$12.9M |
|
859
Reinsurance Group of America
RGA
$16.4B
| $13.1M | ﹤0.01% |
91,390
+47,382
| +108% | +$6.71M |
|
860
PUT
TFI International
TFII
$12.1B
| $13.1M | ﹤0.01% |
+100,000
| New | +$12.7M |
|
861
PUT
American Airlines Group
AAL
$9.97B
| $13M | ﹤0.01% |
777,600
+364,000
| +88% | +$5.65M |
|
862
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24.9B
| $13M | ﹤0.01% |
57,552
+1,759
| +3% | +$400K |
|
863
Factset
FDS
$10.2B
| $12.9M | ﹤0.01% |
29,765
-3,205
| -10% | -$1.37M |
|
864
PagerDuty
PD
$932M
| $12.8M | ﹤0.01% |
541,301
+56,257
| +12% | +$1.34M |
|
865
NVR
NVR
$17B
| $12.7M | ﹤0.01% |
2,087
+135
| +7% | +$838K |
|
866
Viatris
VTRS
$18.4B
| $12.7M | ﹤0.01% |
1,288,124
-1,022,091
| -44% | -$10.6M |
|
867
PUT
C3.ai
AI
$1.58B
| $12.7M | ﹤0.01% |
450,500
+150,100
| +50% | +$5.01M |
|
868
Webster Financial
WBS
$12.8B
| $12.7M | ﹤0.01% |
303,707
+270,895
| +826% | +$11.5M |
|
869
Axalta
AXTA
$7.93B
| $12.6M | ﹤0.01% |
460,186
+391,460
| +570% | +$11.5M |
|
870
UDR
UDR
$12.2B
| $12.6M | ﹤0.01% |
320,501
+21,335
| +7% | +$850K |
|
871
Vanguard International High Dividend Yield ETF
VYMI
$21.3B
| $12.6M | ﹤0.01% |
195,337
+167,384
| +599% | +$10.6M |
|
872
CALL
VanEck Junior Gold Miners ETF
GDXJ
$8.33B
| $12.6M | ﹤0.01% |
351,300
| – | – |
|
873
Polaris
PII
$3.91B
| $12.5M | ﹤0.01% |
117,083
+974
| +0.8% | +$116K |
|
874
CALL
Walt Disney
DIS
$181B
| $12.5M | ﹤0.01% |
+25,000
| New | +$2.14M |
|
875
PUT
Nutrien
NTR
$32.2B
| $12.4M | ﹤0.01% |
194,000
+121,700
| +168% | +$7.7M |
|
Similar funds
Bank of Montreal's Q3 2023 Portfolio in Review
As of Q3 2023, Bank of Montreal held 4,441 positions worth $289B, down 0.13% from $289B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Bank of Montreal's Q3 2023 filing shows 494 new, 1,385 increased, 1,479 reduced and 672 closed positions. Its largest new stake was State Street SPDR Portfolio Developed World ex-US ETF: 1,533,948 shares worth $51.1M. The largest sale was Advanced Micro Devices, an estimated $324M.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, down from 25% a quarter earlier, followed by Consumer Discretionary and Financials.
- Bank of Montreal's largest Q3 2023 buy was State Street SPDR Portfolio Developed World ex-US ETF: 1,533,948 shares worth $51.1M.
- Bank of Montreal added most to Royal Bank of Canada in Q3 2023, an estimated $1.05B increase.
- Bank of Montreal's biggest Q3 2023 reduction was Advanced Micro Devices, cutting an estimated $324M.
- Bank of Montreal fully exited PG&E Corporation in Q3 2023, selling an estimated $48M.
- Bank of Montreal's ten largest holdings make up 51% of its $289B portfolio in Q3 2023.
- Bank of Montreal opened 494 new positions and closed 672 in Q3 2023.
- Bank of Montreal's portfolio value fell 0.13% quarter-over-quarter to $289B.
Based on Bank of Montreal's 13F filing for Q3 2023, filed 1 Nov 2023.