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
|
+$194M |
| 2 |
Oracle
ORCL
|
+$159M |
| 3 |
AutoZone
AZO
|
+$159M |
| 4 |
Vanguard Dividend Appreciation ETF
VIG
|
+$157M |
| 5 |
Merck
MRK
|
+$145M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$881M |
| 2 |
Blackstone
BX
|
+$367M |
| 3 |
Toronto Dominion Bank
TD
|
+$297M |
| 4 |
Scotiabank
BNS
|
+$264M |
| 5 |
Netflix
NFLX
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.68% |
| 2 | Technology | 10.17% |
| 3 | Energy | 8.75% |
| 4 | Industrials | 7.94% |
| 5 | Communication Services | 7.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares MSCI EAFE ETF
EFA
$78B
| $4.99B | 4.2% |
75,961,500
+5,569,500
| +8% | +$364M |
|
2
Royal Bank of Canada
RY
$291B
| $4.64B | 3.91% |
58,456,761
-763,576
| -1% | -$59.7M |
|
|
3
Toronto Dominion Bank
TD
$198B
| $3.67B | 3.09% |
62,957,667
-5,280,107
| -8% | -$297M |
|
|
4
Scotiabank
BNS
$107B
| $2.66B | 2.24% |
48,981,573
-4,941,518
| -9% | -$264M |
|
5
Microsoft
MSFT
$3.45T
| $2B | 1.69% |
14,957,407
+514,462
| +4% | +$65.3M |
|
6
Enbridge
ENB
$119B
| $1.66B | 1.4% |
46,053,870
+3,591,599
| +8% | +$131M |
|
7
TC Energy
TRP
$70.2B
| $1.58B | 1.33% |
31,952,034
-2,552,291
| -7% | -$122M |
|
|
8
Apple
AAPL
$4.54T
| $1.56B | 1.32% |
31,624,480
-18,085,616
| -36% | -$881M |
|
9
Alphabet (Google) Class C
GOOG
$4.36T
| $1.55B | 1.31% |
28,702,980
-404,420
| -1% | -$23.3M |
|
10
Canadian National Railway
CNI
$76.9B
| $1.48B | 1.25% |
16,034,828
-585,399
| -4% | -$53.8M |
|
11
Bank of Montreal
BMO
$126B
| $1.47B | 1.24% |
19,473,019
-265,606
| -1% | -$20.3M |
|
12
Brookfield
BN
$104B
| $1.3B | 1.09% |
76,125,302
-2,034,372
| -3% | -$34.4M |
|
13
Manulife Financial
MFC
$73.9B
| $1.21B | 1.02% |
66,633,643
-2,354,655
| -3% | -$41.9M |
|
14
Canadian Imperial Bank of Commerce
CM
$108B
| $1.21B | 1.02% |
30,719,904
-2,902,918
| -9% | -$117M |
|
|
15
Alphabet (Google) Class A
GOOGL
$4.36T
| $1.21B | 1.02% |
22,275,100
+296,380
| +1% | +$17.2M |
|
16
Amazon
AMZN
$2.92T
| $1.17B | 0.98% |
12,307,940
+453,740
| +4% | +$42.3M |
|
17
BCE
BCE
$20.2B
| $1.02B | 0.86% |
22,452,626
-422,042
| -2% | -$19M |
|
18
Rogers Communications
RCI
$18.3B
| $997M | 0.84% |
18,629,281
-570,346
| -3% | -$29.8M |
|
19
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| $991M | 0.83% |
3,382,766
-549,565
| -14% | -$158M |
|
|
20
Mastercard
MA
$502B
| $991M | 0.83% |
3,746,076
+775,263
| +26% | +$194M |
|
21
Suncor Energy
SU
$79.4B
| $990M | 0.83% |
31,770,997
-1,070,084
| -3% | -$34.2M |
|
22
Visa
V
$684B
| $966M | 0.81% |
5,564,423
+494,762
| +10% | +$81M |
|
23
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $937M | 0.79% |
10,744,300
-3,515,600
| -25% | -$303M |
|
|
AABA
24
DELISTED
Altaba Inc
AABA
| $896M | 0.75% |
12,915,810
-1,509,847
| -10% | -$106M |
|
25
Johnson & Johnson
JNJ
$618B
| $803M | 0.68% |
5,768,681
+257,409
| +5% | +$35.6M |
|
Similar funds
Bank of Montreal's Q2 2019 Portfolio in Review
As of Q2 2019, Bank of Montreal held 5,259 positions worth $119B, up 1.9% from $117B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Bank of Montreal's Q2 2019 filing shows 823 new, 2,226 increased, 1,465 reduced and 324 closed positions. Its largest new stake was Dow Inc: 1,346,158 shares worth $66.4M. The largest sale was Apple, an estimated $881M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 25% a quarter earlier, followed by Technology and Energy.
- Bank of Montreal's largest Q2 2019 buy was Dow Inc: 1,346,158 shares worth $66.4M.
- Bank of Montreal added most to Mastercard in Q2 2019, an estimated $194M increase.
- Bank of Montreal's biggest Q2 2019 reduction was Apple, cutting an estimated $881M.
- Bank of Montreal fully exited Goldcorp Inc in Q2 2019, selling an estimated $93M.
- Bank of Montreal's ten largest holdings make up 22% of its $119B portfolio in Q2 2019.
- Bank of Montreal opened 823 new positions and closed 324 in Q2 2019.
- Bank of Montreal's portfolio value rose 1.9% quarter-over-quarter to $119B.
Based on Bank of Montreal's 13F filing for Q2 2019, filed 9 Aug 2019.