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 | |
|---|---|---|---|---|---|---|
2376
Element Solutions
ESI
$9.46B
| $631K | ﹤0.01% |
32,789
-2,076
| -6% | -$38.2K |
|
2377
Tootsie Roll Industries
TR
$3.08B
| $631K | ﹤0.01% |
17,980
-2,441
| -12% | -$89.1K |
|
2378
Hanover Insurance
THG
$7.84B
| $631K | ﹤0.01% |
5,459
-5,086
| -48% | -$603K |
|
2379
CNO Financial Group
CNO
$5.11B
| $630K | ﹤0.01% |
26,535
-7,219
| -21% | -$161K |
|
2380
Flowers Foods
FLO
$1.59B
| $630K | ﹤0.01% |
25,255
-4,782
| -16% | -$127K |
|
2381
Design Therapeutics
DSGN
$928M
| $629K | ﹤0.01% |
+99,240
| New | +$607K |
|
2382
BOK Financial
BOKF
$8.88B
| $628K | ﹤0.01% |
7,006
-53,982
| -89% | -$4.45M |
|
2383
Dycom Industries
DY
$12.6B
| $624K | ﹤0.01% |
5,464
+180
| +3% | +$17.8K |
|
2384
Global Ship Lease
GSL
$1.52B
| $623K | ﹤0.01% |
+32,121
| New | +$606K |
|
2385
Bassett Furniture
BSET
$166M
| $623K | ﹤0.01% |
+40,581
| New | +$593K |
|
2386
First Trust Capital Strength ETF
FTCS
$8.02B
| $622K | ﹤0.01% |
8,271
+7,621
| +1,172% | +$558K |
|
2387
Canadian Solar
CSIQ
$1.03B
| $622K | ﹤0.01% |
15,023
+2,079
| +16% | +$80.6K |
|
2388
Anika Therapeutics
ANIK
$288M
| $621K | ﹤0.01% |
+22,970
| New | +$615K |
|
2389
Invesco Value Municipal Income Trust
IIM
$602M
| $621K | ﹤0.01% |
46,138
+2,990
| +7% | +$35.3K |
|
|
HSPO
2390
DELISTED
Horizon Space Acquisition I Corp
HSPO
| $618K | ﹤0.01% |
+59,706
| New | +$616K |
|
2391
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$655M
| $617K | ﹤0.01% |
47,361
+2,519
| +6% | +$28.1K |
|
2392
Mercantile Bank Corp
MBWM
$1.06B
| $614K | ﹤0.01% |
+20,233
| New | +$560K |
|
2393
Post Holdings
POST
$3.67B
| $614K | ﹤0.01% |
6,953
-9,619
| -58% | -$844K |
|
2394
Invesco Short Term Treasury ETF
TBLL
$2.85B
| $613K | ﹤0.01% |
+5,800
| New | +$612K |
|
2395
FlexShares Quality Dividend Index Fund
QDF
$2.28B
| $611K | ﹤0.01% |
10,563
-125
| -1% | -$6.9K |
|
|
SEM
2396
DELISTED
Select Medical
SEM
| $611K | ﹤0.01% |
35,268
-7,535
| -18% | -$117K |
|
2397
Aviat Networks
AVNW
$287M
| $610K | ﹤0.01% |
+18,226
| New | +$580K |
|
2398
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.43B
| $609K | ﹤0.01% |
+13,400
| New | +$610K |
|
2399
QuantumScape Corp
QS
$3.81B
| $609K | ﹤0.01% |
75,598
-69,203
| -48% | -$481K |
|
2400
Watts Water Technologies
WTS
$12.8B
| $605K | ﹤0.01% |
3,284
-2,002
| -38% | -$335K |
|
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.