Bank of Montreal portfolio

What changed this quarter

2729 positions with a change (234 new, 1555 added to, 833 trimmed, 107 sold); also, 12 entered through an IPO, 23 exited through an acquisition or merger, 5 entered through a spin-off. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Burford Capital−29%fewer sharesReduced
  2.8% → 1.8%
• Toronto Dominion Bank−17%fewer sharesReduced
  2.9% → 2.8%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Royal Bank of CanadaRY4.6%
• AlphabetGOOGL · GOOG3.9%
• NVIDIANVDA3.7%
• AppleAAPL2.8%
• Toronto Dominion BankTD2.8%
• Amazon.comAMZN2.0%
• MicrosoftMSFT2.0%
• Bank of MontrealBMO1.8%
• Burford CapitalBUR1.8%
• Canadian Imperial Bank of CommerceCM1.8%
• State Str Spdr S&P 500 ETF TSPY1.8%
• Bank of Nova ScotiaBNS1.7%
• BroadcomAVGO1.6%
• EnbridgeENB1.2%
• Meta PlatformsMETA1.1%
• TeslaTSLA1.1%
• Advanced Micro DevicesAMD1.1%
• Canadian Natural ResourcesCNQ0.9%
• Micron TechnologyMU0.9%
• TC EnergyTRP0.9%
• BrookfieldBN0.9%
• Manulife FinancialMFC0.8%
• Suncor EnergySU0.8%
• NetflixNFLX0.8%
• Eli LillyLLY0.8%
• JPMorgan ChaseJPM0.7%
• Vaneck ETF TrustGDX0.7%
• Agnico Eagle MinesAEM0.7%
• Invesco QQQ Trust Series 1 ETFQQQ0.6%
• Canadian National RailwayCNI0.6%
• VisaV0.6%
• iShares Core S&P 500 ETFIVV0.6%
• Canadian Pacific Kansas CityCP0.6%
• ShopifySHOP0.6%
• Waste ConnectionsWCN0.5%
• Global X US Infrastructure ETFPAVE0.5%
• iShares 20+ Year Treasury BD ETFTLT0.5%
• FortisFTS0.5%
• WalmartWMT0.5%
• Costco WholesaleCOST0.5%
• iShares Russell 2000 ETFIWM0.5%
• Barrick MiningB0.5%
• Berkshire HathawayBRK/B0.5%
• Morgan StanleyMS0.5%
• Johnson & JohnsonJNJ0.4%
• iShares Core Msci Eafe ETFIEFA0.4%
• Bank of AmericaBAC0.4%
• Franco NevadaFNV0.4%
• CrowdStrike HoldingsCRWD0.4%
• Palantir TechnologiesPLTR0.4%
• MastercardMA0.4%
• IntelINTC0.4%
• Lam ResearchLRCX0.4%
• Western DigitalWDC0.4%
• Palo Alto NetworksPANW0.4%
• Vanguard S&P 500 ETFVOO0.4%
• Wheaton Precious MetalsWPM0.4%
• Pembina PipelinePBA0.4%
• Goldman Sachs GroupGS0.4%
• Brookfield Infrastructure PartnersBIP0.4%
• EmeraEMA0.4%
• Sun Life FinancialSLF0.4%
• Cisco SystemsCSCO0.3%
• AbbVieABBV0.3%
• NutrienNTR0.3%
• BCEBCE0.3%
• IsharesIEMG0.3%
• Restaurant Brands InternationalQSR0.3%
• Cenovus EnergyCVE0.3%
• Rogers CommunicationsRCI0.3%
• CitigroupC0.3%
• Applied MaterialsAMAT0.3%
• CaterpillarCAT0.3%
• CamecoCCJ0.3%
• UnitedHealth GroupUNH0.3%
• Exxon MobilXOM0.3%
• MerckMRK0.3%
• Seagate Technology HoldingsSTX0.2%
• TelusTU0.2%
• GE VernovaGEV0.2%
• Lumentum HoldingsLITE0.2%
• KLAKLAC0.2%
• SnowflakeSNOW0.2%
• Procter & GamblePG0.2%
• Home DepotHD0.2%
• OracleORCL0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• Parker-hannifinPH0.2%
• LindeLIN0.2%
• General DynamicsGD0.2%
• CelesticaCLS0.2%
• Vaneck ETF TrustGDXJ0.2%
• iShares Core S&P Midcap ETFIJH0.2%
• Coca-ColaKO0.2%
• Philip Morris InternationalPM0.2%
• STE Str SPDR PT S&P 500 ETFSPYM0.2%
• TECK ResourcesTECK0.2%
• iShares Msci Eafe ETFEFA0.2%
• Brookfield Asset ManagementBAM0.2%