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 | |
|---|---|---|---|---|---|---|
2301
Integra LifeSciences
IART
$1.43B
| $720K | ﹤0.01% |
17,363
+457
| +3% | +$22K |
|
|
KEEL
2302
Keel Infrastructure Corp
KEEL
$2.17B
| $716K | ﹤0.01% |
479,023
-134,986
| -22% | -$157K |
|
2303
iShares Core S&P US Value ETF
IUSV
$28B
| $715K | ﹤0.01% |
9,119
-47
| -0.5% | -$3.51K |
|
2304
Cohen & Steers
CNS
$4.36B
| $715K | ﹤0.01% |
+11,644
| New | +$680K |
|
2305
Fabrinet
FN
$20.4B
| $713K | ﹤0.01% |
5,396
-459
| -8% | -$49K |
|
2306
Associated Banc-Corp
ASB
$6.11B
| $711K | ﹤0.01% |
41,578
-4,616
| -10% | -$76.1K |
|
|
LPRO
2307
DELISTED
Open Lending Corp
LPRO
| $709K | ﹤0.01% |
65,842
+844
| +1% | +$7.46K |
|
2308
State Street SPDR S&P Pharmaceuticals ETF
XPH
$518M
| $708K | ﹤0.01% |
16,917
+56
| +0.3% | +$2.31K |
|
2309
iShares US Basic Materials ETF
IYM
$1.02B
| $707K | ﹤0.01% |
5,308
-612
| -10% | -$78.8K |
|
|
AGNT
2310
AGNT Inc
AGNT
$727M
| $706K | ﹤0.01% |
34,799
+4,743
| +16% | +$70.9K |
|
|
MLVF
2311
DELISTED
Malvern Bancorp, Inc.
MLVF
| $706K | ﹤0.01% |
+44,076
| New | +$669K |
|
2312
AAR Corp
AIR
$5.85B
| $704K | ﹤0.01% |
12,096
-444
| -4% | -$23.9K |
|
2313
Phillips Edison & Co
PECO
$5.21B
| $704K | ﹤0.01% |
20,635
-7,468
| -27% | -$233K |
|
2314
Schwab US Broad Market ETF
SCHB
$45.1B
| $704K | ﹤0.01% |
40,785
+8,463
| +26% | +$138K |
|
2315
PUT
Chegg
CHGG
$87.5M
| $704K | ﹤0.01% |
+69,500
| New | +$843K |
|
2316
Transocean
RIG
$6.43B
| $703K | ﹤0.01% |
100,355
+42,075
| +72% | +$260K |
|
2317
WesBanco
WSBC
$4.09B
| $702K | ﹤0.01% |
25,885
-3,331
| -11% | -$86.8K |
|
2318
VanEck Green Bond ETF
GRNB
$185M
| $701K | ﹤0.01% |
30,456
-5,614
| -16% | -$131K |
|
2319
Hancock Whitney
HWC
$6.4B
| $698K | ﹤0.01% |
17,310
-6,477
| -27% | -$241K |
|
2320
Superior Group of Companies
SGC
$208M
| $696K | ﹤0.01% |
+69,212
| New | +$581K |
|
2321
JPMorgan BetaBuilders Canada ETF
BBCA
$11.4B
| $696K | ﹤0.01% |
11,334
+595
| +6% | +$36K |
|
2322
Bank of Hawaii
BOH
$3.17B
| $695K | ﹤0.01% |
14,857
-10,234
| -41% | -$453K |
|
2323
Global X Gold Explorers ETF NEW
GOEX
$131M
| $695K | ﹤0.01% |
26,489
+1,224
| +5% | +$32.6K |
|
|
RCM
2324
DELISTED
R1 RCM Inc. Common Stock
RCM
| $693K | ﹤0.01% |
41,226
+17,678
| +75% | +$287K |
|
2325
ICL Group
ICL
$7.16B
| $687K | ﹤0.01% |
465,070
+38,340
| +9% | +$232K |
|
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.