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 |
Fortis
FTS
|
+$601M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$424M |
| 3 |
Mondelez International
MDLZ
|
+$228M |
| 4 |
Air Products & Chemicals
APD
|
+$216M |
| 5 |
Apple
AAPL
|
+$158M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$240M |
| 2 |
Virtus Investment Partners
VRTS
|
+$189M |
| 3 |
Travelers Companies
TRV
|
+$150M |
| 4 |
NVIDIA
NVDA
|
+$113M |
| 5 |
Dover
DOV
|
+$98.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.37% |
| 2 | Miscellaneous | 13.83% |
| 3 | Energy | 12.01% |
| 4 | Industrials | 8.11% |
| 5 | Communication Services | 7.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SPR
151
DELISTED
Spirit AeroSystems
SPR
| $119M | 0.12% |
2,036,639
+342,041
| +20% | +$18.5M |
|
152
Parker-Hannifin
PH
$120B
| $118M | 0.12% |
848,655
-8,478
| -1% | -$1.13M |
|
153
Brookfield Renewable
BEP
$8.45B
| $117M | 0.12% |
7,575,977
-147,391
| -2% | -$2.32M |
|
154
Bristol-Myers Squibb
BMY
$127B
| $117M | 0.12% |
2,072,234
-579,897
| -22% | -$31.7M |
|
|
MMP
155
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $116M | 0.12% |
1,679,043
+537,946
| +47% | +$37.7M |
|
156
Medtronic
MDT
$110B
| $116M | 0.12% |
1,588,033
-90,700
| -5% | -$7.13M |
|
157
Steel Dynamics
STLD
$31.8B
| $115M | 0.12% |
3,251,874
+727,440
| +29% | +$22.9M |
|
|
BPL
158
DELISTED
Buckeye Partners, L.P.
BPL
| $115M | 0.12% |
1,787,472
+687,427
| +62% | +$45.4M |
|
159
Descartes Systems
DSGX
$6.92B
| $114M | 0.12% |
5,150,861
-363,432
| -7% | -$7.72M |
|
160
Accenture
ACN
$112B
| $114M | 0.12% |
954,488
+49,300
| +5% | +$5.85M |
|
|
STI
161
DELISTED
SunTrust Banks, Inc.
STI
| $113M | 0.12% |
2,165,875
+934,364
| +76% | +$46.7M |
|
|
162
Travelers Companies
TRV
$74.4B
| $112M | 0.12% |
987,076
-1,314,534
| -57% | -$150M |
|
163
Coca-Cola
KO
$370B
| $111M | 0.12% |
2,747,525
-126,605
| -4% | -$5.27M |
|
164
3M
MMM
$84.7B
| $111M | 0.12% |
772,041
-50,724
| -6% | -$7.32M |
|
165
Unum
UNM
$13.9B
| $111M | 0.12% |
2,620,070
+392,378
| +18% | +$15.7M |
|
166
KeyCorp
KEY
$21.4B
| $106M | 0.11% |
6,143,891
-1,807,268
| -23% | -$28.5M |
|
167
CALL
iShares MSCI Emerging Markets ETF
EEM
$31B
| $104M | 0.11% |
2,924,800
+2,635,000
| +909% | +$95.1M |
|
168
Illinois Tool Works
ITW
$73.3B
| $104M | 0.11% |
828,295
-88,698
| -10% | -$10.7M |
|
169
KKR & Co
KKR
$82B
| $104M | 0.11% |
6,773,664
+4,525,170
| +201% | +$68.2M |
|
170
Berkshire Hathaway Class A
BRK.A
$1.07T
| $104M | 0.11% |
437
-1
| -0.2% | -$231K |
|
171
VanEck Junior Gold Miners ETF
GDXJ
$8.41B
| $103M | 0.11% |
3,001,139
+3,000,000
| +263,389% | +$109M |
|
172
Texas Instruments
TXN
$256B
| $102M | 0.11% |
1,377,527
+190,809
| +16% | +$13.6M |
|
173
Qualcomm
QCOM
$197B
| $101M | 0.11% |
1,481,254
-528,751
| -26% | -$35.5M |
|
174
United Parcel Service
UPS
$79.5B
| $100M | 0.11% |
866,168
+34,707
| +4% | +$3.91M |
|
175
Honeywell
HON
$66.9B
| $99.6M | 0.1% |
967,508
+157,016
| +19% | +$16M |
|
Similar funds
Bank of Montreal's Q4 2016 Portfolio in Review
As of Q4 2016, Bank of Montreal held 4,383 positions worth $95.1B, up 3.8% from $91.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Bank of Montreal deployed $3.15B of net new capital in Q4 2016, opening 329 new positions and adding to 1,589 existing holdings. Its largest new stake was Fortis: 19,376,017 shares worth $577M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 25% a quarter earlier, followed by Miscellaneous and Energy.
On the sell side, the largest reduction was JPMorgan Chase, an estimated $240M trimmed.
- Bank of Montreal's largest Q4 2016 buy was Fortis: 19,376,017 shares worth $577M.
- Bank of Montreal added most to State Street SPDR S&P 500 ETF Trust in Q4 2016, an estimated $424M increase.
- Bank of Montreal's biggest Q4 2016 reduction was JPMorgan Chase, cutting an estimated $240M.
- Bank of Montreal fully exited SolarCity Corporation in Q4 2016, selling an estimated $55.2M.
- Bank of Montreal's ten largest holdings make up 23% of its $95.1B portfolio in Q4 2016.
- Bank of Montreal opened 329 new positions and closed 279 in Q4 2016.
- Bank of Montreal's portfolio value rose 3.8% quarter-over-quarter to $95.1B.
Based on Bank of Montreal's 13F filing for Q4 2016, filed 6 Feb 2017.