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 | 25.32% |
| 2 | Consumer Discretionary | 17.73% |
| 3 | Financials | 14.01% |
| 4 | Technology | 12.46% |
| 5 | Industrials | 4.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
Leggett & Platt
LEG
$1.33B
| $4M | ﹤0.01% |
128,270
-43,021
| -25% | -$1.35M |
|
1402
iShares Interest Rate Hedged Corporate Bond ETF
LQDH
$540M
| $4M | ﹤0.01% |
43,033
-7,624
| -15% | -$697K |
|
1403
PUT
Cisco
CSCO
$440B
| $3.97M | ﹤0.01% |
70,100
| – | – |
|
1404
Mobileye
MBLY
$7.63B
| $3.97M | ﹤0.01% |
89,895
-229,657
| -72% | -$9.32M |
|
1405
CALL
Netflix
NFLX
$326B
| $3.97M | ﹤0.01% |
+90,000
| New | +$3.31M |
|
|
1406
CALL
Cisco
CSCO
$440B
| $3.97M | ﹤0.01% |
70,000
| – | – |
|
1407
American Financial Group
AFG
$12B
| $3.96M | ﹤0.01% |
33,317
+1,088
| +3% | +$128K |
|
1408
Dick's Sporting Goods
DKS
$18.1B
| $3.95M | ﹤0.01% |
29,223
-13,273
| -31% | -$1.82M |
|
1409
First Majestic Silver
AG
$9.63B
| $3.95M | ﹤0.01% |
663,210
+13,318
| +2% | +$85.4K |
|
1410
Enliven Therapeutics
ELVN
$4.23B
| $3.95M | ﹤0.01% |
+191,893
| New | +$3.88M |
|
1411
CALL
Diamondback Energy
FANG
$57.3B
| $3.94M | ﹤0.01% |
29,900
+14,900
| +99% | +$1.99M |
|
1412
Yelp
YELP
$1.31B
| $3.93M | ﹤0.01% |
107,228
-1,138
| -1% | -$36.7K |
|
|
AXON
1413
PUT
Axon Enterprise
AXON
$49.3B
| $3.93M | ﹤0.01% |
+19,400
| New | +$4.02M |
|
1414
Eastern Bankshares
EBC
$5.42B
| $3.91M | ﹤0.01% |
+303,079
| New | +$3.59M |
|
|
LFAC
1415
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
| $3.88M | ﹤0.01% |
+362,771
| New | +$3.85M |
|
1416
Hyatt Hotels
H
$17.2B
| $3.88M | ﹤0.01% |
33,195
-121,273
| -79% | -$13.7M |
|
|
JAMF
1417
DELISTED
Jamf
JAMF
| $3.88M | ﹤0.01% |
197,757
-4,933
| -2% | -$91.3K |
|
1418
Q2 Holdings
QTWO
$4.03B
| $3.87M | ﹤0.01% |
124,487
-168,148
| -57% | -$4.41M |
|
1419
CubeSmart
CUBE
$9.41B
| $3.86M | ﹤0.01% |
85,708
-7,053
| -8% | -$320K |
|
1420
PUT
Apollo Global Management
APO
$83.9B
| $3.86M | ﹤0.01% |
+50,000
| New | +$3.34M |
|
1421
Exelixis
EXEL
$12.6B
| $3.86M | ﹤0.01% |
201,401
+41,182
| +26% | +$794K |
|
1422
CALL
Micron Technology
MU
$1.1T
| $3.85M | ﹤0.01% |
50,000
| – | – |
|
1423
Agilon Health
AGL
$1.54B
| $3.84M | ﹤0.01% |
7,377
-400
| -5% | -$225K |
|
1424
Peloton Interactive
PTON
$2.49B
| $3.81M | ﹤0.01% |
363,884
-132,457
| -27% | -$1.13M |
|
|
FOLD
1425
DELISTED
Amicus Therapeutics
FOLD
| $3.8M | ﹤0.01% |
290,517
-10,319
| -3% | -$122K |
|
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.