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 |
Microsoft
MSFT
|
+$879M |
| 2 |
NVIDIA
NVDA
|
+$597M |
| 3 |
Tesla
TSLA
|
+$584M |
| 4 |
Amazon
AMZN
|
+$542M |
| 5 |
Apple
AAPL
|
+$534M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$1.17B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$523M |
| 3 |
Canadian Natural Resources
CNQ
|
+$488M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$425M |
| 5 |
Enbridge
ENB
|
+$412M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.85% |
| 2 | Consumer Discretionary | 18.53% |
| 3 | Technology | 13.69% |
| 4 | Financials | 13.26% |
| 5 | Industrials | 4.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
United Parcel Service
UPS
$88.4B
| $197M | 0.06% |
1,086,536
+206,395
| +23% | +$31.2M |
|
177
KLA
KLAC
$272B
| $196M | 0.06% |
3,321,810
-835,570
| -20% | -$43.5M |
|
178
CVS Health
CVS
$121B
| $196M | 0.06% |
2,477,584
+266,560
| +12% | +$19M |
|
179
Progressive
PGR
$121B
| $193M | 0.06% |
1,193,620
+576,208
| +93% | +$90.2M |
|
180
Danaher
DHR
$145B
| $190M | 0.06% |
814,860
-1,726
| -0.2% | -$367K |
|
181
3M
MMM
$94.8B
| $190M | 0.06% |
2,065,646
+999,954
| +94% | +$80.2M |
|
182
American Tower
AMT
$79.4B
| $190M | 0.06% |
873,141
+248,334
| +40% | +$46.9M |
|
183
West Fraser Timber
WFG
$5.5B
| $190M | 0.06% |
2,208,119
+147,526
| +7% | +$10.9M |
|
184
iShares Expanded Tech Sector ETF
IGM
$10.8B
| $188M | 0.06% |
2,504,196
+391,776
| +19% | +$26.8M |
|
185
iShares Core S&P Small-Cap ETF
IJR
$112B
| $188M | 0.06% |
1,715,456
+11,169
| +0.7% | +$1.08M |
|
186
Bristol-Myers Squibb
BMY
$130B
| $184M | 0.06% |
3,589,385
+172,918
| +5% | +$9.08M |
|
187
Cadence Design Systems
CDNS
$89B
| $182M | 0.06% |
666,438
+209,487
| +46% | +$54M |
|
188
Brookfield Renewable
BEP
$10.3B
| $181M | 0.06% |
6,545,256
+265,355
| +4% | +$6.28M |
|
189
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.95B
| $179M | 0.05% |
3,123,589
+43,547
| +1% | +$2.39M |
|
190
Roper Technologies
ROP
$39.1B
| $179M | 0.05% |
327,677
+186,680
| +132% | +$96.2M |
|
191
D.R. Horton
DHI
$40.8B
| $177M | 0.05% |
1,163,771
+779,733
| +203% | +$96M |
|
192
Truist Financial
TFC
$64.3B
| $177M | 0.05% |
4,734,550
+969,040
| +26% | +$30.4M |
|
193
iShares US Real Estate ETF
IYR
$4.52B
| $177M | 0.05% |
1,909,032
+1,694,527
| +790% | +$139M |
|
194
Wheaton Precious Metals
WPM
$61.3B
| $176M | 0.05% |
3,468,107
-38,734
| -1% | -$1.75M |
|
|
195
CALL
NVIDIA
NVDA
$5.43T
| $175M | 0.05% |
3,518,000
+3,031,000
| +622% | +$140M |
|
196
Elevance Health
ELV
$86.6B
| $173M | 0.05% |
365,616
+57,013
| +18% | +$26.4M |
|
197
US Bancorp
USB
$101B
| $172M | 0.05% |
3,783,874
+58,511
| +2% | +$2.14M |
|
198
T-Mobile US
TMUS
$190B
| $171M | 0.05% |
1,061,411
+4,824
| +0.5% | +$714K |
|
199
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.4B
| $170M | 0.05% |
4,220,000
-2,240,000
| -35% | -$86.5M |
|
200
PUT
Scotiabank
BNS
$110B
| $169M | 0.05% |
3,461,500
+121,500
| +4% | +$5.35M |
|
Similar funds
Bank of Montreal's Q4 2023 Portfolio in Review
As of Q4 2023, Bank of Montreal held 4,442 positions worth $330B, up 14% from $289B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Bank of Montreal's Q4 2023 filing shows 668 new, 1,596 increased, 1,270 reduced and 501 closed positions. Its largest new stake was SPDR Gold MiniShares Trust: 1,676,383 shares worth $69.1M. The largest sale was Royal Bank of Canada, an estimated $1.17B.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.
- Bank of Montreal's largest Q4 2023 buy was SPDR Gold MiniShares Trust: 1,676,383 shares worth $69.1M.
- Bank of Montreal added most to Microsoft in Q4 2023, an estimated $879M increase.
- Bank of Montreal's biggest Q4 2023 reduction was Royal Bank of Canada, cutting an estimated $1.17B.
- Bank of Montreal fully exited Activision Blizzard in Q4 2023, selling an estimated $177M.
- Bank of Montreal's ten largest holdings make up 51% of its $330B portfolio in Q4 2023.
- Bank of Montreal opened 668 new positions and closed 501 in Q4 2023.
- Bank of Montreal's portfolio value rose 14% quarter-over-quarter to $330B.
Based on Bank of Montreal's 13F filing for Q4 2023, filed 8 Feb 2024.