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 | Miscellaneous | 11.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2126
PIMCO RAFI Multi-Factor International Equity ETF
MFDX
$454M
| $998K | ﹤0.01% |
+35,442
| New | +$987K |
2023 Q2
0 quarters
|
|
2127
Columbia Banking Systems
COLB
$8.24B
| $997K | ﹤0.01% |
43,864
-11,342
| -21% | -$239K |
2013 Q2
40 quarters
|
|
2128
BioNTech
BNTX
$24.4B
| $997K | ﹤0.01% |
8,681
+6,280
| +262% | +$706K |
2020 Q4
10 quarters
|
|
2129
PUT
Tractor Supply
TSCO
$16.5B
| $996K | ﹤0.01% |
+22,500
| New | +$1.03M |
2023 Q2
0 quarters
|
|
2130
New York Times
NYT
$9.97B
| $995K | ﹤0.01% |
25,082
-4,680
| -16% | -$178K |
2013 Q2
40 quarters
|
|
2131
WisdomTree Trust WisdomTree Emerging Markets Quality Dividend Growth Fund
DGRE
$153M
| $989K | ﹤0.01% |
+34,564
| New | +$777K |
2023 Q2
0 quarters
|
|
2132
Chunghwa Telecom
CHT
$35.7B
| $989K | ﹤0.01% |
24,125
-369
| -2% | -$15K |
2013 Q2
40 quarters
|
|
2133
iShares US Consumer Discretionary ETF
IYC
$1.18B
| $989K | ﹤0.01% |
13,890
-34
| -0.2% | -$2.23K |
2013 Q2
40 quarters
|
|
2134
iShares Semiconductor ETF
SOXX
$50.7B
| $988K | ﹤0.01% |
5,784
-20,913
| -78% | -$3.14M |
2016 Q4
26 quarters
|
|
2135
MDU Resources
MDU
$3.93B
| $987K | ﹤0.01% |
84,970
-55,253
| -39% | -$621K |
2013 Q2
40 quarters
|
|
2136
Super Micro Computer
SMCI
$29.1B
| $985K | ﹤0.01% |
39,300
-30,480
| -44% | -$511K |
2022 Q3
3 quarters
|
|
2137
Direxion Auspice Broad Commodity Strategy ETF
COM
$217M
| $985K | ﹤0.01% |
+31,525
| New | +$972K |
2023 Q2
0 quarters
|
|
|
HEWC
2138
DELISTED
iShares Currency Hedged MSCI Canada ETF
HEWC
| $978K | ﹤0.01% |
31,784
| – | – |
2021 Q2
8 quarters
|
|
|
ALE
2139
DELISTED
Allete
ALE
| $971K | ﹤0.01% |
16,005
-4,297
| -21% | -$265K |
2013 Q2
40 quarters
|
|
2140
Avis
CAR
$3.95B
| $970K | ﹤0.01% |
4,234
-146
| -3% | -$26.8K |
2013 Q2
40 quarters
|
|
|
ALYA
2141
DELISTED
Alithya Group Inc Class A Subordinate Voting Shares
ALYA
| $966K | ﹤0.01% |
576,675
| – | – |
2019 Q1
17 quarters
|
|
|
EGRX
2142
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $966K | ﹤0.01% |
+48,305
| New | +$1.15M |
2023 Q2
0 quarters
|
|
|
GOOS
2143
PUT
Canada Goose Holdings
GOOS
$746M
| $965K | ﹤0.01% |
54,200
-116,800
| -68% | -$2.1M |
2023 Q1
1 quarter
|
|
2144
Trex
TREX
$4.46B
| $964K | ﹤0.01% |
14,604
-10,853
| -43% | -$606K |
2015 Q3
31 quarters
|
|
2145
BlackRock Utilities, Infrastructure & Power Opportunities Trust
BUI
$660M
| $963K | ﹤0.01% |
41,686
-2,843
| -6% | -$64.7K |
2021 Q1
9 quarters
|
|
2146
Ashland
ASH
$3.17B
| $961K | ﹤0.01% |
10,961
-172,708
| -94% | -$16M |
2013 Q2
40 quarters
|
|
2147
Four Corners Property Trust
FCPT
$2.39B
| $960K | ﹤0.01% |
36,104
-2,972
| -8% | -$76.9K |
2015 Q4
30 quarters
|
|
2148
Evercore
EVR
$10.1B
| $959K | ﹤0.01% |
7,610
-1,626
| -18% | -$187K |
2013 Q2
40 quarters
|
|
2149
SPX Corp
SPXC
$8.63B
| $959K | ﹤0.01% |
11,283
-2,949
| -21% | -$220K |
2017 Q2
24 quarters
|
|
2150
AST SpaceMobile
ASTS
$17.3B
| $959K | ﹤0.01% |
+161,660
| New | +$838K |
2023 Q2
0 quarters
|
|
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 $9.84B 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.