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 | |
|---|---|---|---|---|---|---|
1501
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $3.27M | ﹤0.01% |
37,725
+3,250
| +9% | +$277K |
|
|
DNAB
1502
DELISTED
Social Capital Suvretta Holdings Corp. II Class A Ordinary Shares
DNAB
| $3.27M | ﹤0.01% |
+315,365
| New | +$3.24M |
|
1503
Vanguard Health Care ETF
VHT
$18.9B
| $3.26M | ﹤0.01% |
13,305
-6,704
| -34% | -$1.63M |
|
1504
Knight Transportation
KNX
$11.8B
| $3.26M | ﹤0.01% |
58,498
+19,874
| +51% | +$1.11M |
|
1505
Ryman Hospitality Properties
RHP
$7.92B
| $3.24M | ﹤0.01% |
34,596
-8,229
| -19% | -$758K |
|
1506
PUT
United States Natural Gas Fund
UNG
$487M
| $3.22M | ﹤0.01% |
105,350
+6,525
| +7% | +$177K |
|
|
SRCL
1507
DELISTED
Stericycle Inc
SRCL
| $3.22M | ﹤0.01% |
69,118
-3,631
| -5% | -$159K |
|
1508
CALL
Cinemark Holdings
CNK
$4.33B
| $3.22M | ﹤0.01% |
+185,000
| New | +$3.07M |
|
1509
PUT
Deutsche Bank
DB
$72.5B
| $3.21M | ﹤0.01% |
+275,000
| New | +$2.9M |
|
1510
CALL
iShares MSCI Mexico ETF
EWW
$1.86B
| $3.21M | ﹤0.01% |
+50,000
| New | +$3.06M |
|
1511
RenaissanceRe
RNR
$13.4B
| $3.2M | ﹤0.01% |
16,680
-3,419
| -17% | -$680K |
|
1512
Lincoln National
LNC
$8.7B
| $3.2M | ﹤0.01% |
123,645
+24,429
| +25% | +$536K |
|
|
GRMN
1513
PUT
Garmin
GRMN
$59.8B
| $3.19M | ﹤0.01% |
+30,000
| New | +$3.07M |
|
1514
Alcoa
AA
$13.2B
| $3.18M | ﹤0.01% |
89,153
+3,252
| +4% | +$118K |
|
1515
PUT
ArcBest
ARCB
$3.19B
| $3.18M | ﹤0.01% |
+32,000
| New | +$2.86M |
|
|
IVCB
1516
DELISTED
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
| $3.18M | ﹤0.01% |
+297,591
| New | +$3.14M |
|
|
XRLV
1517
DELISTED
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
XRLV
| $3.17M | ﹤0.01% |
66,512
-7,568
| -10% | -$360K |
|
1518
PUT
AllianceBernstein
AB
$3.41B
| $3.17M | ﹤0.01% |
+94,300
| New | +$3.23M |
|
1519
PUT
Toll Brothers
TOL
$13.9B
| $3.17M | ﹤0.01% |
+40,000
| New | +$2.68M |
|
|
P
1520
CALL
Everpure Inc
P
$39.3B
| $3.16M | ﹤0.01% |
83,300
-101,700
| -55% | -$2.88M |
|
|
FL
1521
DELISTED
Foot Locker
FL
| $3.13M | ﹤0.01% |
51,838
-34,754
| -40% | -$1.18M |
|
1522
Envista
NVST
$4.51B
| $3.13M | ﹤0.01% |
92,038
+44,630
| +94% | +$1.57M |
|
1523
Ralph Lauren
RL
$23.2B
| $3.13M | ﹤0.01% |
25,325
+4,825
| +24% | +$557K |
|
1524
MBIA
MBI
$264M
| $3.13M | ﹤0.01% |
+357,701
| New | +$3.22M |
|
1525
Spok Holdings
SPOK
$229M
| $3.11M | ﹤0.01% |
+232,107
| New | +$2.91M |
|
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.