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 | |
|---|---|---|---|---|---|---|---|
|
ETW
2401
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.03B
| $603K | ﹤0.01% |
67,452
+44,396
| +193% | +$360K |
2022 Q3
3 quarters
|
|
|
SUM
2402
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $601K | ﹤0.01% |
15,857
-6,464
| -29% | -$200K |
2016 Q3
27 quarters
|
|
2403
Sensient Technologies
SXT
$5.47B
| $599K | ﹤0.01% |
7,904
-2,488
| -24% | -$185K |
2013 Q2
40 quarters
|
|
|
AIVC
2404
Amplify Bloomberg AI Equal Weight ETF
AIVC
$141M
| $597K | ﹤0.01% |
16,272
-4,728
| -23% | -$156K |
2023 Q1
1 quarter
|
|
2405
Perrigo
PRGO
$1.95B
| $597K | ﹤0.01% |
17,301
-8,329
| -32% | -$289K |
2014 Q1
37 quarters
|
|
|
LICY
2406
DELISTED
Li-Cycle Holdings Corp.
LICY
| $597K | ﹤0.01% |
12,671
+845
| +7% | +$34.5K |
2021 Q3
7 quarters
|
|
2407
Mercury Systems
MRCY
$5.12B
| $595K | ﹤0.01% |
14,347
-1,182
| -8% | -$50.5K |
2013 Q2
40 quarters
|
|
2408
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.08B
| $593K | ﹤0.01% |
+4,600
| New | +$576K |
2023 Q2
0 quarters
|
|
|
SP
2409
DELISTED
SP Plus Corporation
SP
| $593K | ﹤0.01% |
14,943
-2,701
| -15% | -$97.2K |
2015 Q1
33 quarters
|
|
2410
Glaukos
GKOS
$9.62B
| $590K | ﹤0.01% |
8,246
-18,819
| -70% | -$1.08M |
2017 Q1
25 quarters
|
|
2411
BlackRock ETF Trust II iShares AAA CLO Active ETF
CLOA
$2.33B
| $589K | ﹤0.01% |
+11,573
| New | +$586K |
2023 Q2
0 quarters
|
|
2412
Vanguard Financials ETF
VFH
$12.5B
| $588K | ﹤0.01% |
7,212
-1,489
| -17% | -$117K |
2013 Q2
40 quarters
|
|
2413
Vanguard Russell 1000 ETF
VONE
$8.61B
| $587K | ﹤0.01% |
2,911
+6
| +0.2% | +$1.14K |
2021 Q2
8 quarters
|
|
2414
AngioDynamics
ANGO
$636M
| $587K | ﹤0.01% |
52,974
+36,328
| +218% | +$350K |
2023 Q1
1 quarter
|
|
|
INVX
2415
Innovex International
INVX
$1.92B
| $586K | ﹤0.01% |
24,408
+1,216
| +5% | +$31K |
2013 Q2
40 quarters
|
|
2416
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$7.83B
| $586K | ﹤0.01% |
41,537
+1,106
| +3% | +$15.4K |
2022 Q3
3 quarters
|
|
|
GRFS
2417
Grifois
GRFS
$4.97B
| $585K | ﹤0.01% |
+62,977
| New | +$520K |
2023 Q2
0 quarters
|
|
2418
Sterling Infrastructure
STRL
$15.5B
| $584K | ﹤0.01% |
10,452
-846
| -7% | -$37.5K |
2020 Q2
12 quarters
|
|
2419
AZZ Inc
AZZ
$4.07B
| $582K | ﹤0.01% |
13,377
-5,516
| -29% | -$212K |
2013 Q2
40 quarters
|
|
2420
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.9B
| $581K | ﹤0.01% |
8,700
-16,347
| -65% | -$1.04M |
2021 Q2
8 quarters
|
|
|
GDEN
2421
DELISTED
Golden Entertainment
GDEN
| $579K | ﹤0.01% |
+12,956
| New | +$543K |
2023 Q2
0 quarters
|
|
2422
Unitil
UTL
$923M
| $579K | ﹤0.01% |
10,765
-479
| -4% | -$26.6K |
2013 Q2
40 quarters
|
|
2423
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.3B
| $579K | ﹤0.01% |
6,099
| – | – |
2013 Q2
40 quarters
|
|
2424
Visteon
VC
$2.36B
| $578K | ﹤0.01% |
3,791
-717
| -16% | -$102K |
2013 Q2
40 quarters
|
|
2425
Alarm.com
ALRM
$2.69B
| $577K | ﹤0.01% |
11,150
-19,070
| -63% | -$938K |
2015 Q4
30 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.