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Bank of Montreal
BMO

369 hedge funds and large institutions have $18.8B invested in Bank of Montreal in 2016 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 115 increasing their positions, 135 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

236% more call options, than puts

Call options by funds: $210M | Put options by funds: $62.6M

44% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 25

12% more funds holding in top 10

Funds holding in top 10: 26 → 29 (+3)

6% more capital invested

Capital invested by funds: $17.7B → $18.8B (+$1.12B)

3% more funds holding

Funds holding: 360 → 369 (+9)

1.16% less ownership

Funds ownership: 48.94% → 47.78% (-1.2%)

15% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 135

Holders
369
Holders Change
+9
Holders Change %
+2.5%
% of All Funds
9.83%
Holding in Top 10
29
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+11.54%
% of All Funds
0.77%
New
36
Increased
115
Reduced
135
Closed
25
Calls
$210M
Puts
$62.6M
Net Calls
+$148M
Net Calls Change
+$130M

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$95.7M
2
Goldman Sachs
Goldman Sachs
New York
+$50.4M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$48.2M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$29.5M
5
LBA
Letko, Brosseau & Associates
Quebec, Canada
+$24.7M

Top Sellers

1
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$208M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$128M
3
IGIM
I.G. Investment Management
Manitoba, Canada
-$70.4M
4
TCIM
TIAA CREF Investment Management
New York
-$70M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$58.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$3.34B -$128M -2,335,315 -4%
CIBC World Market
2
CIBC World Market
Ontario, Canada
$1.64B +$13.6M +249,113 +0.9%
TD Asset Management
3
TD Asset Management
Ontario, Canada
$1.56B -$29M -529,351 -2%
Toronto Dominion Bank
4
Toronto Dominion Bank
Ontario, Canada
$1.26B -$4.64M -84,719 -0.4%
Bank of Nova Scotia
5
Bank of Nova Scotia
Ontario, Canada
$988M -$58.4M -1,066,441 -6%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$924M +$48.2M +879,909 +6%
IGIM
7
I.G. Investment Management
Manitoba, Canada
$885M -$70.4M -1,285,766 -8%
Vanguard Group
8
Vanguard Group
Pennsylvania
$662M +$95.7M +1,747,131 +19%
CIBC Asset Management
9
CIBC Asset Management
Ontario, Canada
$415M -$21.4M -389,742 -5%
Franklin Resources
10
Franklin Resources
California
$407M -$28.6M -521,415 -7%
Capital Research Global Investors
11
Capital Research Global Investors
California
$392M +$7.15M +130,500 +2%
Norges Bank
12
Norges Bank
Norway
$382M – – –
Acadian Asset Management
13
Acadian Asset Management
Massachusetts
$378M +$20.8M +378,910 +7%
LBA
14
Letko, Brosseau & Associates
Quebec, Canada
$357M +$24.7M +451,385 +8%
GCC
15
Guardian Capital (Canada)
Ontario, Canada
$325M +$11M +200,858 +4%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$305M +$8.17M +149,145 +3%
Canada Life
17
Canada Life
Manitoba, Canada
$304M -$4.73M -86,413 -2%
AIMCA
18
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$197M -$11.3M -205,600 -8%
1832 Asset Management
19
1832 Asset Management
Ontario, Canada
$186M +$29.5M +538,923 +30%
Legal & General Group
20
Legal & General Group
United Kingdom
$183M +$5M +91,261 +3%
APG Asset Management
21
APG Asset Management
Netherlands
$162M +$10.3M +188,300 +10%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$161M +$21.9M +398,880 +18%
CS
23
Credit Suisse
Switzerland
$148M +$1.87M +34,109 +1%
Mawer Investment Management
24
Mawer Investment Management
Alberta, Canada
$143M +$13.5M +245,943 +12%
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$128M +$3.14M +57,384 +3%
1
2 3 4 5

BMO Hedge Fund Activity: Q1 2016 in Review

369 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Bank of Montreal (BMO) for Q1 2016, worth a combined $18.8B — up 6.3% from $17.7B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new BMO positions and 25 closed out — a net gain of 11 holders — while 115 added to existing stakes and 135 trimmed.

The largest buyer was Vanguard Group, adding an estimated $95.7M. The largest seller was Mackenzie Financial, exiting entirely with an estimated $208M sold.

  • 369 institutional investors held Bank of Montreal (BMO) as of Q1 2016, up from 360 in Q4 2015.
  • Funds reported $18.8B of Bank of Montreal stock for Q1 2016, up 6.3% quarter-over-quarter.
  • 36 funds opened new Bank of Montreal positions in Q1 2016 and 25 closed out, a net change of +11 holders.
  • The largest Bank of Montreal buyer in Q1 2016 was Vanguard Group, an estimated $95.7M added.
  • The largest Bank of Montreal seller in Q1 2016 was Mackenzie Financial, an estimated $208M sold.

Based on aggregated 13F filings for Q1 2016.