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 |
Chevron
CVX
|
+$267M |
| 2 |
ETP
Energy Transfer Partners, L.P.
ETP
|
+$235M |
| 3 |
AABA
Altaba Inc
AABA
|
+$207M |
| 4 |
WCN
Waste Connections
WCN
|
+$192M |
| 5 |
Blackstone
BX
|
+$187M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toronto Dominion Bank
TD
|
+$761M |
| 2 |
Royal Bank of Canada
RY
|
+$340M |
| 3 |
ETP
Energy Transfer Partners L.p.
ETP
|
+$298M |
| 4 |
EOG Resources
EOG
|
+$262M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.01% |
| 2 | Energy | 10.73% |
| 3 | Industrials | 8.34% |
| 4 | Communication Services | 7.9% |
| 5 | Technology | 7.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Philip Morris
PM
$295B
| $210M | 0.2% |
1,789,943
-141,550
| -7% | -$16.4M |
|
102
Becton Dickinson
BDX
$48.2B
| $209M | 0.2% |
1,096,307
-308,661
| -22% | -$56.4M |
|
103
FedEx
FDX
$75.4B
| $209M | 0.2% |
960,057
-46,749
| -5% | -$9.23M |
|
104
MPLX
MPLX
$59.7B
| $208M | 0.2% |
6,234,136
+1,661,578
| +36% | +$57.5M |
|
|
AABA
105
DELISTED
Altaba Inc
AABA
| $207M | 0.2% |
+3,800,131
| New | +$207M |
|
106
Plains All American Pipeline
PAA
$16.1B
| $206M | 0.2% |
7,853,634
+2,631,118
| +50% | +$72.8M |
|
107
PG&E
PCG
$38.5B
| $205M | 0.2% |
3,088,243
-1,011,475
| -25% | -$68.1M |
|
|
WPZ
108
DELISTED
Williams Partners L.P.
WPZ
| $201M | 0.19% |
5,022,071
+648,309
| +15% | +$26M |
|
|
BERY
109
DELISTED
Berry Global Group, Inc.
BERY
| $200M | 0.19% |
3,828,141
-1,068,724
| -22% | -$53.5M |
|
110
Costco
COST
$420B
| $200M | 0.19% |
1,249,284
+349,328
| +39% | +$60.2M |
|
111
Algonquin Power & Utilities
AQN
$4.42B
| $195M | 0.19% |
18,480,569
+4,264,098
| +30% | +$42.7M |
|
112
PNC Financial Services
PNC
$101B
| $194M | 0.19% |
1,554,792
+102,798
| +7% | +$12.4M |
|
113
Starbucks
SBUX
$120B
| $193M | 0.19% |
3,307,770
+36,407
| +1% | +$2.2M |
|
114
Union Pacific
UNP
$174B
| $191M | 0.18% |
1,754,956
+20,791
| +1% | +$2.27M |
|
115
Lam Research
LRCX
$390B
| $189M | 0.18% |
13,382,860
-566,820
| -4% | -$8.31M |
|
116
Oracle
ORCL
$423B
| $187M | 0.18% |
3,738,672
+113,071
| +3% | +$5.15M |
|
117
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $185M | 0.18% |
1,533,206
+1,143,455
| +293% | +$137M |
|
118
Bristol-Myers Squibb
BMY
$132B
| $180M | 0.17% |
3,237,564
-1,392,705
| -30% | -$75.8M |
|
119
iShares Core S&P Mid-Cap ETF
IJH
$127B
| $180M | 0.17% |
5,170,415
+124,285
| +2% | +$4.29M |
|
120
Walt Disney
DIS
$181B
| $180M | 0.17% |
1,691,943
+385,154
| +29% | +$42.2M |
|
121
United Rentals
URI
$72.4B
| $180M | 0.17% |
1,593,138
-474,557
| -23% | -$53M |
|
122
F5
FFIV
$22.7B
| $177M | 0.17% |
1,392,189
-352,984
| -20% | -$46.2M |
|
|
GG
123
DELISTED
Goldcorp Inc
GG
| $176M | 0.17% |
13,612,541
-1,255,268
| -8% | -$17.6M |
|
|
TWX
124
DELISTED
Time Warner Inc
TWX
| $175M | 0.17% |
1,746,411
-865,342
| -33% | -$85.7M |
|
125
iShares Russell 2000 ETF
IWM
$81.9B
| $175M | 0.17% |
1,240,014
-145,836
| -11% | -$20.2M |
|
Similar funds
Bank of Montreal's Q2 2017 Portfolio in Review
As of Q2 2017, Bank of Montreal held 4,472 positions worth $104B, down 1.2% from $106B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Bank of Montreal withdrew a net $3.22B in Q2 2017, closing 256 positions and reducing 1,448 holdings. Its most notable exit was Energy Transfer Partners L.p., an estimated $298M position sold in full.
By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 26% a quarter earlier, followed by Energy and Industrials.
Against the trend, Bank of Montreal opened a new position in Altaba Inc worth $207M.
- Bank of Montreal's largest Q2 2017 buy was Altaba Inc: 3,800,131 shares worth $207M.
- Bank of Montreal added most to Chevron in Q2 2017, an estimated $267M increase.
- Bank of Montreal's biggest Q2 2017 reduction was Toronto Dominion Bank, cutting an estimated $761M.
- Bank of Montreal fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $298M.
- Bank of Montreal's ten largest holdings make up 21% of its $104B portfolio in Q2 2017.
- Bank of Montreal opened 460 new positions and closed 256 in Q2 2017.
- Bank of Montreal's portfolio value fell 1.2% quarter-over-quarter to $104B.
Based on Bank of Montreal's 13F filing for Q2 2017, filed 11 Jul 2017.