Cortland Advisers’s Bank of Montreal BMO Stock Holding History

Cortland Advisers’s Portfolio BMO Stock Details BMO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-702,660	Closed	-$51.6M	–	32
2017 Q2	$51.6M	Sell	702,660 -27,621	-4%	-$1.95M	2.49%	19
2017 Q1	$54.6M	Sell	730,281 -1,580	-0.2%	-$119K	2.58%	18
2016 Q4	$52.6M	Sell	731,861 -45,564	-6%	-$3.04M	2.6%	17
2016 Q3	$51M	Sell	777,425 -349,622	-31%	-$22.7M	2.62%	16
2016 Q2	$71.4M	Sell	1,127,047 -233,183	-17%	-$14.8M	2.52%	15
2016 Q1	$82.6M	Sell	1,360,230 -139,770	-9%	-$7.66M	2.45%	16
2015 Q4	$84.6M	Hold	1,500,000	–	–	2.21%	20
2015 Q3	$81.8M	Hold	1,500,000	–	–	2.04%	19
2015 Q2	$88.9M	Buy	+1,500,000	New	+$94.2M	1.44%	25

Other funds holding BMO

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $115B AUM 41.58% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

CIBC World Market Toronto, Ontario, Canada $62.3B AUM 44.64% 1-Year Est. Return

IGIM

I.G. Investment Management Winnipeg, Manitoba, Canada $19.5B AUM 15.95% 1-Year Est. Return

Toronto Dominion Bank Toronto, Ontario, Ontario, Canada $86.4B AUM 59.51% 1-Year Est. Return

Bank of Nova Scotia Toronto, Ontario, Canada $66.2B AUM 46.3% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $84.2B AUM 55.88% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

Cortland Advisers's BMO Position: Q3 2017 in Review

Cortland Advisers sold out of Bank of Montreal (BMO) in Q3 2017, closing a stake of 702,660 shares — an estimated $51.6M sold.

Cortland Advisers first reported a position in BMO in Q2 2015 and held it in 9 quarters. The position peaked at $88.9M in Q2 2015. 395 funds tracked by Wall St. Rank hold BMO as of Q3 2017.

Cortland Advisers reported no remaining Bank of Montreal position as of Q3 2017 after selling out during the quarter.
Cortland Advisers sold 702,660 Bank of Montreal shares in Q3 2017, an estimated $51.6M.
Cortland Advisers first reported a position in Bank of Montreal in Q2 2015 and held it in 9 quarters.
Cortland Advisers's Bank of Montreal position peaked at $88.9M in Q2 2015.
395 funds tracked by Wall St. Rank held Bank of Montreal as of Q3 2017.

Based on Cortland Advisers's 13F filing for Q3 2017, filed 13 Nov 2017.