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 |
Mastercard
MA
|
+$1.11B |
| 2 |
Alibaba
BABA
|
+$437M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$383M |
| 4 |
TC Energy
TRP
|
+$306M |
| 5 |
Snowflake
SNOW
|
+$281M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.07B |
| 2 |
Microsoft
MSFT
|
+$738M |
| 3 |
Meta Platforms (Facebook)
META
|
+$491M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$393M |
| 5 |
NVIDIA
NVDA
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.85% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Technology | 14.64% |
| 4 | Financials | 13.88% |
| 5 | Industrials | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Oracle
ORCL
$442B
| $425M | 0.13% |
3,288,359
-340,835
| -9% | -$39M |
|
102
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $422M | 0.13% |
5,151,197
-181,364
| -3% | -$14.8M |
|
103
Micron Technology
MU
$1.03T
| $419M | 0.13% |
3,509,663
-5,551
| -0.2% | -$502K |
|
104
Pfizer
PFE
$150B
| $413M | 0.13% |
14,855,450
+1,482,055
| +11% | +$41.1M |
|
105
Brookfield Asset Management
BAM
$87.1B
| $404M | 0.12% |
9,639,559
-259,090
| -3% | -$10.5M |
|
106
PUT
Apple
AAPL
$4.41T
| $391M | 0.12% |
782,500
-209,600
| -21% | -$38.1M |
|
107
PUT
Alphabet (Google) Class A
GOOGL
$4.2T
| $390M | 0.12% |
144,300
+115,500
| +401% | +$16.5M |
|
108
TJX Companies
TJX
$169B
| $384M | 0.12% |
3,801,515
+323,248
| +9% | +$31.3M |
|
|
109
CALL
Alphabet (Google) Class A
GOOGL
$4.2T
| $378M | 0.11% |
140,000
-1,195,100
| -90% | -$171M |
|
110
Prologis
PLD
$134B
| $375M | 0.11% |
2,911,353
+80,925
| +3% | +$10.6M |
|
111
General Dynamics
GD
$107B
| $373M | 0.11% |
1,323,871
-99,931
| -7% | -$26.7M |
|
112
Vanguard S&P 500 ETF
VOO
$1.03T
| $372M | 0.11% |
774,084
-55,359
| -7% | -$25.3M |
|
113
Parker-Hannifin
PH
$135B
| $368M | 0.11% |
659,126
-80,903
| -11% | -$41.1M |
|
114
Waste Management
WM
$90.5B
| $364M | 0.11% |
1,700,640
-54,227
| -3% | -$10.7M |
|
115
iShares Core S&P Mid-Cap ETF
IJH
$128B
| $362M | 0.11% |
5,975,762
-19,278
| -0.3% | -$1.09M |
|
116
CGI
GIB
$15.3B
| $361M | 0.11% |
3,271,216
-206,079
| -6% | -$23.1M |
|
117
Honeywell
HON
$74.6B
| $356M | 0.11% |
1,842,489
-333,288
| -15% | -$62.8M |
|
118
McKesson
MCK
$102B
| $356M | 0.11% |
659,396
+329,696
| +100% | +$167M |
|
119
Boston Scientific
BSX
$74.5B
| $355M | 0.11% |
5,174,677
-76,504
| -1% | -$4.92M |
|
120
Amgen
AMGN
$225B
| $350M | 0.11% |
1,222,561
-579,702
| -32% | -$170M |
|
121
Cenovus Energy
CVE
$55.6B
| $345M | 0.1% |
17,255,064
-4,238,343
| -20% | -$72.4M |
|
122
NextEra Energy
NEE
$179B
| $326M | 0.1% |
5,116,213
+361,550
| +8% | +$21.2M |
|
123
Caterpillar
CAT
$393B
| $323M | 0.1% |
884,539
-236,291
| -21% | -$75.5M |
|
124
State Street Technology Select Sector SPDR ETF
XLK
$124B
| $320M | 0.1% |
3,050,460
+1,731,536
| +131% | +$175M |
|
125
AutoZone
AZO
$49.7B
| $315M | 0.1% |
97,402
+12,034
| +14% | +$34.4M |
|
Similar funds
Bank of Montreal's Q1 2024 Portfolio in Review
As of Q1 2024, Bank of Montreal held 4,502 positions worth $330B, up 0.02% from $330B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Bank of Montreal withdrew a net $11.8B in Q1 2024, closing 666 positions and reducing 1,523 holdings. Its most notable exit was SPDR Gold MiniShares Trust, an estimated $69.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Bank of Montreal opened a new position in Analog Devices worth $59.7M.
- Bank of Montreal's largest Q1 2024 buy was Analog Devices: 663,817 shares worth $59.7M.
- Bank of Montreal added most to Mastercard in Q1 2024, an estimated $1.11B increase.
- Bank of Montreal's biggest Q1 2024 reduction was Invesco QQQ Trust, cutting an estimated $1.07B.
- Bank of Montreal fully exited SPDR Gold MiniShares Trust in Q1 2024, selling an estimated $69.1M.
- Bank of Montreal's ten largest holdings make up 52% of its $330B portfolio in Q1 2024.
- Bank of Montreal opened 537 new positions and closed 666 in Q1 2024.
- Bank of Montreal's portfolio value rose 0.02% quarter-over-quarter to $330B.
Based on Bank of Montreal's 13F filing for Q1 2024, filed 13 May 2024.