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 | |
|---|---|---|---|---|---|---|
1551
Takeda Pharmaceutical
TAK
$56.3B
| $2.97M | ﹤0.01% |
184,473
-204,447
| -53% | -$3.35M |
|
1552
SunPower Inc
SPWR
$44.3M
| $2.97M | ﹤0.01% |
279,800
-55,360
| -17% | -$578K |
|
1553
Glacier Bancorp
GBCI
$6.5B
| $2.97M | ﹤0.01% |
84,665
-9,308
| -10% | -$307K |
|
1554
CALL
Arbor Realty Trust
ABR
$950M
| $2.96M | ﹤0.01% |
+199,900
| New | +$2.47M |
|
|
EXE
1555
Expand Energy Corp
EXE
$21.9B
| $2.95M | ﹤0.01% |
35,197
-1,573
| -4% | -$126K |
|
1556
Unum
UNM
$14.8B
| $2.93M | ﹤0.01% |
61,319
-575,397
| -90% | -$25.1M |
|
1557
iShares MSCI Saudi Arabia ETF
KSA
$624M
| $2.92M | ﹤0.01% |
+70,611
| New | +$2.88M |
|
|
PETQ
1558
CALL
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $2.92M | ﹤0.01% |
+188,900
| New | +$2.42M |
|
1559
Invesco S&P Global Water Index ETF
CGW
$1.06B
| $2.92M | ﹤0.01% |
56,138
+50,369
| +873% | +$2.52M |
|
1560
Roblox
RBLX
$27.3B
| $2.91M | ﹤0.01% |
69,694
+41,850
| +150% | +$1.68M |
|
1561
Harmony Biosciences
HRMY
$2.22B
| $2.91M | ﹤0.01% |
+79,754
| New | +$2.75M |
|
|
SILV
1562
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $2.91M | ﹤0.01% |
475,310
-12,133
| -2% | -$79.7K |
|
1563
Teva Pharmaceuticals
TEVA
$42.8B
| $2.89M | ﹤0.01% |
360,041
-7,376
| -2% | -$59.8K |
|
1564
Fortune Brands Innovations
FBIN
$5.71B
| $2.89M | ﹤0.01% |
39,979
-9,780
| -20% | -$622K |
|
|
NVEI
1565
PUT
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $2.88M | ﹤0.01% |
+97,500
| New | +$3.44M |
|
1566
Ziff Davis
ZD
$1.9B
| $2.87M | ﹤0.01% |
40,677
+32,035
| +371% | +$2.19M |
|
1567
iShares MSCI Malaysia ETF
EWM
$330M
| $2.87M | ﹤0.01% |
140,916
+44,526
| +46% | +$948K |
|
1568
Roadzen
RDZN
$121M
| $2.87M | ﹤0.01% |
+269,266
| New | +$2.83M |
|
1569
Sumitomo Mitsui Financial
SMFG
$167B
| $2.87M | ﹤0.01% |
333,669
-54,095
| -14% | -$447K |
|
|
BKI
1570
DELISTED
Black Knight, Inc. Common Stock
BKI
| $2.87M | ﹤0.01% |
47,841
+7,318
| +18% | +$411K |
|
1571
CALL
Moderna
MRNA
$25.3B
| $2.86M | ﹤0.01% |
+21,300
| New | +$2.84M |
|
1572
Comstock Resources
CRK
$4.13B
| $2.86M | ﹤0.01% |
242,772
-73,627
| -23% | -$766K |
|
1573
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.8B
| $2.86M | ﹤0.01% |
66,003
+65,953
| +131,906% | +$2.72M |
|
1574
Ciena
CIEN
$60.7B
| $2.85M | ﹤0.01% |
64,245
-11,553
| -15% | -$526K |
|
1575
Hillman Solutions
HLMN
$1.69B
| $2.84M | ﹤0.01% |
+313,303
| New | +$2.61M |
|
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.