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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.51B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$411M |
| 3 |
Microsoft
MSFT
|
+$300M |
| 4 |
Apple
AAPL
|
+$284M |
| 5 |
Visa
V
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$254M |
| 2 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$178M |
| 3 |
Vanguard Dividend Appreciation ETF
VIG
|
+$177M |
| 4 |
Blackstone
BX
|
+$139M |
| 5 |
Exelon
EXC
|
+$126M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.38% |
| 2 | Technology | 11.34% |
| 3 | Miscellaneous | 10.58% |
| 4 | Energy | 8.74% |
| 5 | Communication Services | 8.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1801
PUT
Kinder Morgan
KMI
$68B
| $2.31M | ﹤0.01% |
109,000
| – | – |
2019 Q2
2 quarters
|
|
1802
iShares Expanded Tech-Software Sector ETF
IGV
$14.2B
| $2.3M | ﹤0.01% |
49,430
-1,248,210
| -96% | -$55.3M |
2018 Q1
7 quarters
|
|
1803
Tyler Technologies
TYL
$13.5B
| $2.3M | ﹤0.01% |
7,675
+3,718
| +94% | +$1.04M |
2013 Q2
26 quarters
|
|
1804
PUT
Kimberly-Clark
KMB
$31.4B
| $2.3M | ﹤0.01% |
+16,700
| New | +$2.26M |
2019 Q4
0 quarters
|
|
|
APHA
1805
PUT
DELISTED
Aphria Inc. Common Shares
APHA
| $2.3M | ﹤0.01% |
439,800
-400
| -0.1% | -$1.97K |
2019 Q1
3 quarters
|
|
1806
PUT
Danaher
DHR
$149B
| $2.29M | ﹤0.01% |
16,807
-5,753
| -26% | -$727K |
2019 Q2
2 quarters
|
|
|
X
1807
PUT
DELISTED
US Steel
X
| $2.28M | ﹤0.01% |
+200,000
| New | +$2.48M |
2019 Q4
0 quarters
|
|
1808
Nektar Therapeutics
NKTR
$1.6B
| $2.28M | ﹤0.01% |
7,043
-3,007
| -30% | -$872K |
2015 Q3
17 quarters
|
|
1809
Omega Healthcare
OHI
$13.7B
| $2.27M | ﹤0.01% |
53,763
-70,843
| -57% | -$3M |
2013 Q2
26 quarters
|
|
1810
PUT
Honeywell
HON
$67.8B
| $2.27M | ﹤0.01% |
+13,581
| New | +$2.22M |
2019 Q4
0 quarters
|
|
1811
PUT
UnitedHealth
UNH
$328B
| $2.26M | ﹤0.01% |
+7,700
| New | +$2.01M |
2019 Q4
0 quarters
|
|
1812
PUT
Canadian National Railway
CNI
$70.8B
| $2.26M | ﹤0.01% |
25,000
| – | – |
2019 Q2
2 quarters
|
|
|
HIX
1813
Western Asset High Income Fund II
HIX
$318M
| $2.26M | ﹤0.01% |
335,000
| – | – |
2015 Q3
17 quarters
|
|
1814
PUT
Waste Management
WM
$80.7B
| $2.26M | ﹤0.01% |
19,800
+100
| +0.5% | +$11.3K |
2019 Q2
2 quarters
|
|
1815
Schwab US Large- Cap ETF
SCHX
$74B
| $2.25M | ﹤0.01% |
175,998
-12,324
| -7% | -$151K |
2013 Q2
26 quarters
|
|
1816
CareDx
CDNA
$3.43B
| $2.25M | ﹤0.01% |
104,374
+63,932
| +158% | +$1.47M |
2017 Q4
8 quarters
|
|
1817
State Street SPDR S&P Emerging Markets Dividend ETF
EDIV
$1.16B
| $2.25M | ﹤0.01% |
70,035
-658
| -0.9% | -$20.3K |
2013 Q4
24 quarters
|
|
1818
National Health Investors
NHI
$3.2B
| $2.25M | ﹤0.01% |
27,557
-1,671
| -6% | -$137K |
2013 Q2
26 quarters
|
|
|
AVB
1819
CALL
DELISTED
AvalonBay Communities
AVB
| $2.24M | ﹤0.01% |
+10,700
| New | +$2.29M |
2019 Q4
0 quarters
|
|
1820
CALL
Boston Scientific
BSX
$62.7B
| $2.24M | ﹤0.01% |
+49,600
| New | +$2.08M |
2019 Q4
0 quarters
|
|
|
ONC
1821
BeOne Medicines Ltd
ONC
$40.6B
| $2.24M | ﹤0.01% |
13,526
+1,426
| +12% | +$237K |
2016 Q2
14 quarters
|
|
|
BPMP
1822
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $2.24M | ﹤0.01% |
143,467
| – | – |
2018 Q2
6 quarters
|
|
1823
Hexcel
HXL
$6.56B
| $2.24M | ﹤0.01% |
30,525
+24,190
| +382% | +$1.86M |
2013 Q2
26 quarters
|
|
1824
National Fuel Gas
NFG
$7.25B
| $2.23M | ﹤0.01% |
47,980
+22,576
| +89% | +$1.03M |
2013 Q2
26 quarters
|
|
|
INFO
1825
PUT
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $2.23M | ﹤0.01% |
29,600
-4,900
| -14% | -$349K |
2019 Q3
1 quarter
|
|
Similar funds
Bank of Montreal's Q4 2019 Portfolio in Review
As of Q4 2019, Bank of Montreal held 5,174 positions worth $133B, up 15% from $116B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Bank of Montreal deployed $8.58B of net new capital in Q4 2019, opening 425 new positions and adding to 2,835 existing holdings. Its largest new stake was Vanguard Long-Term Treasury ETF: 1,035,443 shares worth $86.2M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 28% a quarter earlier, followed by Technology and Miscellaneous.
On the sell side, the largest reduction was Apollo Global Management, an estimated $254M trimmed.
- Bank of Montreal's largest Q4 2019 buy was Vanguard Long-Term Treasury ETF: 1,035,443 shares worth $86.2M.
- Bank of Montreal added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $1.51B increase.
- Bank of Montreal's biggest Q4 2019 reduction was Apollo Global Management, cutting an estimated $254M.
- Bank of Montreal fully exited Buckeye Partners, L.P. in Q4 2019, selling an estimated $125M.
- Bank of Montreal's ten largest holdings make up 20% of its $133B portfolio in Q4 2019.
- Bank of Montreal opened 425 new positions and closed 298 in Q4 2019.
- Bank of Montreal's portfolio value rose 15% quarter-over-quarter to $133B.
Based on Bank of Montreal's 13F filing for Q4 2019, filed 10 Feb 2020.