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 | |
|---|---|---|---|---|---|---|
1951
Maximus
MMS
$2.89B
| $1.37M | ﹤0.01% |
16,013
-3,711
| -19% | -$305K |
|
1952
Evertec
EVTC
$1.89B
| $1.37M | ﹤0.01% |
36,941
-2,789
| -7% | -$96.7K |
|
1953
Global X FinTech ETF
FINX
$170M
| $1.37M | ﹤0.01% |
61,739
+60,293
| +4,170% | +$1.26M |
|
1954
CALL
DoubleVerify
DV
$2.04B
| $1.36M | ﹤0.01% |
+35,000
| New | +$1.13M |
|
1955
Powell Industries
POWL
$7.78B
| $1.35M | ﹤0.01% |
+66,321
| New | +$1.15M |
|
|
WCC
1956
WESCO International
WCC
$17.6B
| $1.35M | ﹤0.01% |
7,531
-9,035
| -55% | -$1.32M |
|
1957
World Kinect Corp
WKC
$1.85B
| $1.35M | ﹤0.01% |
55,562
+21,707
| +64% | +$517K |
|
|
SMAR
1958
DELISTED
Smartsheet Inc.
SMAR
| $1.34M | ﹤0.01% |
31,965
+5,044
| +19% | +$218K |
|
1959
Smith & Wesson
SWBI
$643M
| $1.34M | ﹤0.01% |
+99,568
| New | +$1.21M |
|
|
ACH
1960
Accendra Health
ACH
$73.1M
| $1.33M | ﹤0.01% |
68,624
+55,912
| +440% | +$997K |
|
|
DCPH
1961
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $1.33M | ﹤0.01% |
92,060
-77,134
| -46% | -$1.1M |
|
|
JGGC
1962
DELISTED
Jaguar Global Growth Corporation I Class A Ordinary Shares
JGGC
| $1.33M | ﹤0.01% |
+125,428
| New | +$1.32M |
|
|
MSSA
1963
DELISTED
Metal Sky Star Acquisition Corporation Ordinary shares
MSSA
| $1.32M | ﹤0.01% |
+108,812
| New | +$1.14M |
|
1964
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $1.32M | ﹤0.01% |
+15,000
| New | +$1.25M |
|
1965
Alerian MLP ETF
AMLP
$13.2B
| $1.31M | ﹤0.01% |
33,382
+12,015
| +56% | +$466K |
|
1966
BWX Technologies
BWXT
$15.9B
| $1.31M | ﹤0.01% |
18,331
+11,662
| +175% | +$762K |
|
1967
PUT
Eaton
ETN
$175B
| $1.31M | ﹤0.01% |
+6,500
| New | +$1.14M |
|
1968
iShares US Transportation ETF
IYT
$2.28B
| $1.31M | ﹤0.01% |
20,972
+19,820
| +1,720% | +$1.14M |
|
1969
CALL
SSR Mining
SSRM
$6.56B
| $1.31M | ﹤0.01% |
+90,000
| New | +$1.36M |
|
1970
Rivian
RIVN
$22.2B
| $1.31M | ﹤0.01% |
78,331
-63,303
| -45% | -$884K |
|
1971
PUT
ZIM Integrated Shipping Services
ZIM
$3.39B
| $1.3M | ﹤0.01% |
+100,000
| New | +$1.61M |
|
1972
Roundhill Sports Betting & iGaming ETF
BETZ
$50.9M
| $1.3M | ﹤0.01% |
+74,284
| New | +$1.26M |
|
1973
Advanced Energy
AEIS
$13.2B
| $1.3M | ﹤0.01% |
11,554
-1,614
| -12% | -$154K |
|
|
IAS
1974
DELISTED
Integral Ad Science
IAS
| $1.3M | ﹤0.01% |
72,007
-103,399
| -59% | -$1.75M |
|
1975
Genmab
GMAB
$19.6B
| $1.3M | ﹤0.01% |
33,162
-488
| -1% | -$19.5K |
|
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.