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 | Miscellaneous | 12.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2101
Xtrackers International Real Estate ETF
HAUZ
$993M
| $801K | ﹤0.01% |
+36,553
| New | +$731K |
2023 Q4
0 quarters
|
|
|
RAYC
2102
DELISTED
Rayliant Quantamental China Equity ETF
RAYC
| $797K | ﹤0.01% |
+43,875
| New | +$597K |
2023 Q4
0 quarters
|
|
2103
VanEck Agribusiness ETF
MOO
$1.16B
| $797K | ﹤0.01% |
8,303
+4,140
| +99% | +$309K |
2013 Q2
42 quarters
|
|
2104
Nuveen Quality Municipal Income Fund
NAD
$2.38B
| $796K | ﹤0.01% |
+59,668
| New | +$630K |
2023 Q4
0 quarters
|
|
2105
Exponent
EXPO
$3.32B
| $795K | ﹤0.01% |
8,835
-956
| -10% | -$78.3K |
2013 Q2
42 quarters
|
|
2106
Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF
TLTD
$658M
| $795K | ﹤0.01% |
+11,588
| New | +$739K |
2023 Q4
0 quarters
|
|
|
HEAL
2107
Global X Funds Global X HealthTech ETF
HEAL
$30.4M
| $794K | ﹤0.01% |
25,737
-6,048
| -19% | -$162K |
2020 Q4
12 quarters
|
|
2108
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.05B
| $793K | ﹤0.01% |
+61,220
| New | +$625K |
2023 Q4
0 quarters
|
|
2109
PUT
Chegg
CHGG
$78.9M
| $793K | ﹤0.01% |
69,500
| – | – |
2023 Q2
2 quarters
|
|
2110
ICL Group
ICL
$6.41B
| $792K | ﹤0.01% |
569,173
+71,991
| +14% | +$366K |
2014 Q3
37 quarters
|
|
2111
DNOW Inc
DNOW
$2.76B
| $792K | ﹤0.01% |
68,601
+309
| +0.5% | +$3.39K |
2014 Q2
38 quarters
|
|
2112
JPMorgan International Growth ETF
JIG
$522M
| $791K | ﹤0.01% |
13,500
-35,065
| -72% | -$1.93M |
2020 Q4
12 quarters
|
|
2113
BlackRock MuniYield Quality Fund
MQY
$715M
| $791K | ﹤0.01% |
58,550
+7,256
| +14% | +$79.7K |
2022 Q1
7 quarters
|
|
2114
PUT
Zillow
Z
$6.24B
| $790K | ﹤0.01% |
13,400
-171,800
| -93% | -$7.57M |
2023 Q2
2 quarters
|
|
2115
Nuveen Municipal Credit Income Fund
NZF
$2.13B
| $790K | ﹤0.01% |
56,936
+6,715
| +13% | +$73.7K |
2022 Q1
7 quarters
|
|
2116
Coherent
COHR
$62.5B
| $789K | ﹤0.01% |
17,600
-178
| -1% | -$6.42K |
2013 Q2
42 quarters
|
|
2117
Luxfer Holdings
LXFR
$465M
| $787K | ﹤0.01% |
+84,579
| New | +$786K |
2023 Q4
0 quarters
|
|
2118
EXL Service
EXLS
$5.53B
| $786K | ﹤0.01% |
25,386
-36
| -0.1% | -$1.02K |
2013 Q2
42 quarters
|
|
2119
AZZ Inc
AZZ
$4.07B
| $786K | ﹤0.01% |
13,320
+66
| +0.5% | +$3.25K |
2013 Q2
42 quarters
|
|
2120
CALL
Mirion Technologies
MIR
$3.49B
| $786K | ﹤0.01% |
+75,000
| New | +$633K |
2023 Q4
0 quarters
|
|
2121
ArcBest
ARCB
$2.9B
| $785K | ﹤0.01% |
6,367
+276
| +5% | +$30.6K |
2022 Q4
4 quarters
|
|
2122
Kohl's
KSS
$2.15B
| $785K | ﹤0.01% |
26,665
-21,364
| -44% | -$501K |
2013 Q2
42 quarters
|
|
|
AZPN
2123
DELISTED
Aspen Technology Inc
AZPN
| $785K | ﹤0.01% |
3,534
+571
| +19% | +$110K |
2022 Q2
6 quarters
|
|
2124
Knife River
KNF
$2.87B
| $785K | ﹤0.01% |
11,675
+6,212
| +114% | +$353K |
2023 Q2
2 quarters
|
|
|
EFOR
2125
Everforth Inc
EFOR
$1.48B
| $784K | ﹤0.01% |
8,081
-342
| -4% | -$29.9K |
2018 Q2
22 quarters
|
|
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 500 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 500 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.