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 | |
|---|---|---|---|---|---|---|
|
AYX
1051
DELISTED
Alteryx Inc
AYX
| $8.48M | ﹤0.01% |
185,090
+125,773
| +212% | +$5.51M |
|
|
XIFR
1052
XPLR Infrastructure LP
XIFR
$1.08B
| $8.48M | ﹤0.01% |
135,392
+35,955
| +36% | +$2.16M |
|
1053
Invesco Senior Loan ETF
BKLN
$6.76B
| $8.47M | ﹤0.01% |
402,678
+6,499
| +2% | +$135K |
|
1054
Southern Copper
SCCO
$165B
| $8.47M | ﹤0.01% |
124,192
+33,979
| +38% | +$2.29M |
|
1055
Graco
GGG
$13.4B
| $8.47M | ﹤0.01% |
97,864
+8,957
| +10% | +$696K |
|
1056
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $8.41M | ﹤0.01% |
112,616
-20,913
| -16% | -$1.57M |
|
|
CSLM
1057
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
| $8.4M | ﹤0.01% |
800,000
| – | – |
|
1058
Vale
VALE
$61.4B
| $8.39M | ﹤0.01% |
577,859
+1,031
| +0.2% | +$14.6K |
|
1059
CALL
Kinross Gold
KGC
$32.6B
| $8.33M | ﹤0.01% |
+1,687,000
| New | +$8.42M |
|
|
CMA
1060
PUT
DELISTED
Comerica
CMA
| $8.3M | ﹤0.01% |
195,000
| – | – |
|
1061
Copa Holdings
CPA
$6.14B
| $8.29M | ﹤0.01% |
73,940
+72,678
| +5,759% | +$7.28M |
|
|
DVAX
1062
DELISTED
Dynavax Technologies
DVAX
| $8.27M | ﹤0.01% |
635,133
-77,699
| -11% | -$885K |
|
|
KNSW
1063
DELISTED
KnightSwan Acquisition Corporation
KNSW
| $8.27M | ﹤0.01% |
781,973
| – | – |
|
1064
Fidelity National Financial
FNF
$12.8B
| $8.26M | ﹤0.01% |
229,003
+40,321
| +21% | +$1.41M |
|
1065
CareTrust REIT
CTRE
$9.18B
| $8.25M | ﹤0.01% |
415,004
+337,057
| +432% | +$6.58M |
|
1066
Paycom
PAYC
$9.52B
| $8.25M | ﹤0.01% |
25,382
-55,156
| -68% | -$16.3M |
|
1067
Baytex Energy
BTE
$3.05B
| $8.24M | ﹤0.01% |
2,516,162
+636,030
| +34% | +$2.23M |
|
1068
Bank of N.T. Butterfield & Son
NTB
$2.5B
| $8.24M | ﹤0.01% |
+305,185
| New | +$7.94M |
|
1069
United States Natural Gas Fund
UNG
$489M
| $8.24M | ﹤0.01% |
269,277
+34,527
| +15% | +$935K |
|
1070
MGM Resorts International
MGM
$11.1B
| $8.22M | ﹤0.01% |
186,492
-130,081
| -41% | -$5.56M |
|
|
SCHR
1071
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| $8.21M | ﹤0.01% |
329,110
+21,952
| +7% | +$550K |
|
|
LAC
1072
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $8.21M | ﹤0.01% |
390,952
+66,880
| +21% | +$1.38M |
|
1073
iShares Dow Jones US ETF
IYY
$3.09B
| $8.19M | ﹤0.01% |
75,487
+39,239
| +108% | +$4.01M |
|
|
AEL
1074
DELISTED
American Equity Investment Life Holding Company
AEL
| $8.19M | ﹤0.01% |
154,874
+143,613
| +1,275% | +$5.77M |
|
1075
CALL
Norwegian Cruise Line
NCLH
$8.69B
| $8.17M | ﹤0.01% |
375,000
+175,000
| +88% | +$2.68M |
|
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.