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 |
Mastercard
MA
|
+$1.11B |
| 2 |
Alibaba
BABA
|
+$437M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$383M |
| 4 |
TC Energy
TRP
|
+$306M |
| 5 |
Snowflake
SNOW
|
+$281M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.07B |
| 2 |
Microsoft
MSFT
|
+$738M |
| 3 |
Meta Platforms (Facebook)
META
|
+$491M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$393M |
| 5 |
NVIDIA
NVDA
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.85% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Technology | 14.64% |
| 4 | Financials | 13.88% |
| 5 | Miscellaneous | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2201
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.3B
| $619K | ﹤0.01% |
5,874
-11,935
| -67% | -$1.22M |
2018 Q1
24 quarters
|
|
2202
Portland General Electric
POR
$5.32B
| $618K | ﹤0.01% |
14,692
-8,331
| -36% | -$343K |
2022 Q1
8 quarters
|
|
2203
Invesco Trust Investment Grade Municipals
VGM
$483M
| $617K | ﹤0.01% |
54,387
-18,598
| -25% | -$183K |
2023 Q4
1 quarter
|
|
2204
Nuveen Quality Municipal Income Fund
NAD
$2.42B
| $616K | ﹤0.01% |
46,864
-12,804
| -21% | -$145K |
2023 Q4
1 quarter
|
|
2205
Vanguard Russell 2000 ETF
VTWO
$16.6B
| $616K | ﹤0.01% |
7,229
+4,298
| +147% | +$346K |
2020 Q4
13 quarters
|
|
2206
Invesco Municipal Trust
VKQ
$478M
| $614K | ﹤0.01% |
55,750
-16,024
| -22% | -$153K |
2023 Q4
1 quarter
|
|
2207
Hertz
HTZ
$631M
| $614K | ﹤0.01% |
77,885
+50,268
| +182% | +$412K |
2022 Q1
8 quarters
|
|
2208
Royce Value Trust
RVT
$2.14B
| $613K | ﹤0.01% |
35,860
-600
| -2% | -$8.65K |
2013 Q2
43 quarters
|
|
2209
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.08B
| $613K | ﹤0.01% |
48,119
-13,101
| -21% | -$144K |
2023 Q4
1 quarter
|
|
2210
Blackstone Mortgage Trust
BXMT
$1.91B
| $612K | ﹤0.01% |
29,878
+1,753
| +6% | +$35.3K |
2015 Q1
36 quarters
|
|
2211
iShares International Select Dividend ETF
IDV
$8.14B
| $611K | ﹤0.01% |
21,805
+1,378
| +7% | +$38.1K |
2013 Q2
43 quarters
|
|
2212
Nuveen Municipal Credit Income Fund
NZF
$2.17B
| $611K | ﹤0.01% |
44,165
-12,771
| -22% | -$152K |
2022 Q1
8 quarters
|
|
2213
Fluence Energy
FLNC
$1.1B
| $611K | ﹤0.01% |
+29,640
| New | +$542K |
2024 Q1
0 quarters
|
|
2214
KraneShares MSCI Emerging Markets Ex China Index ETF
KEMX
$135M
| $609K | ﹤0.01% |
+20,761
| New | +$589K |
2024 Q1
0 quarters
|
|
|
CCRN
2215
DELISTED
Cross Country Healthcare
CCRN
| $609K | ﹤0.01% |
+32,510
| New | +$650K |
2024 Q1
0 quarters
|
|
2216
Fidelity Wise Origin Bitcoin Fund
FBTC
$15.9B
| $609K | ﹤0.01% |
+9,778
| New | +$468K |
2024 Q1
0 quarters
|
|
|
ALE
2217
DELISTED
Allete
ALE
| $608K | ﹤0.01% |
10,182
-3,394
| -25% | -$199K |
2013 Q2
43 quarters
|
|
2218
Liberty Energy
LBRT
$3.11B
| $607K | ﹤0.01% |
29,116
+6,103
| +27% | +$121K |
2022 Q2
7 quarters
|
|
2219
Invesco Municipal Opportunity Trust
VMO
$575M
| $607K | ﹤0.01% |
55,288
-17,500
| -24% | -$168K |
2022 Q1
8 quarters
|
|
2220
WesBanco
WSBC
$3.67B
| $607K | ﹤0.01% |
20,327
-4,788
| -19% | -$140K |
2015 Q3
34 quarters
|
|
|
SEM
2221
DELISTED
Select Medical
SEM
| $606K | ﹤0.01% |
37,313
+1,195
| +3% | +$17.5K |
2017 Q1
28 quarters
|
|
2222
HealthStream
HSTM
$943M
| $606K | ﹤0.01% |
+22,585
| New | +$604K |
2024 Q1
0 quarters
|
|
2223
Puma Biotechnology
PBYI
$505M
| $605K | ﹤0.01% |
107,900
+26,500
| +33% | +$143K |
2023 Q4
1 quarter
|
|
2224
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.31B
| $604K | ﹤0.01% |
4,480
-1,324
| -23% | -$155K |
2022 Q2
7 quarters
|
|
2225
Franklin FTSE Switzerland ETF
FLSW
$77.7M
| $603K | ﹤0.01% |
18,012
-778
| -4% | -$25.4K |
2023 Q4
1 quarter
|
|
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Bank of Montreal's Q1 2024 Portfolio in Review
As of Q1 2024, Bank of Montreal held 4,502 positions worth $330B, up 0.02% from $330B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Bank of Montreal's Q1 2024 filing shows 537 new, 1,393 increased, 1,522 reduced and 666 closed positions. Its largest new stake was Analog Devices: 663,817 shares worth $59.7M. The largest sale was Invesco QQQ Trust, an estimated $1.07B.
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 Q1 2024 buy was Analog Devices: 663,817 shares worth $59.7M.
- Bank of Montreal added most to Mastercard in Q1 2024, an estimated $1.11B increase.
- Bank of Montreal's biggest Q1 2024 reduction was Invesco QQQ Trust, cutting an estimated $1.07B.
- Bank of Montreal fully exited SPDR Gold MiniShares Trust in Q1 2024, selling an estimated $69.1M.
- Bank of Montreal's ten largest holdings make up 52% of its $330B portfolio in Q1 2024.
- Bank of Montreal opened 537 new positions and closed 666 in Q1 2024.
- Bank of Montreal's portfolio value rose 0.02% quarter-over-quarter to $330B.
Based on Bank of Montreal's 13F filing for Q1 2024, filed 13 May 2024.