Managers / Q4 2021 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

CIK 0001536890 · 181 BAY STREET, SUITE 3220, TORONTO, M5J 2T3 · 416 601 1683

Reported Value

$595M

Q4 2021

Positions

121

Filings on Record

2019–present window

Filed

Feb 14, 2022

original filing

Summary

Barometer Capital Management Inc. reported $595M in U.S.-listed holdings across 121 positions for Q4 2021.

Its largest position, BMO, represents 4.0% of the portfolio.

Compared with Q3 2021, the fund opened 37 new positions and exited 43.

Portfolio Metrics

Turnover

+34.0%

vs prior filed quarter

Top-10 Concentration

+34.9%

share of reported value

Largest Position

+4.0%

Bank Of Montreal

New / Exited

37 / 43

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

Common Stock · 79.5% · $473M
Other · 9.6% · $57M
ETP · 7.4% · $44M
REIT · 3.5% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
ABT Abbott Laboratories	NEW	+79.8K	79.8K	+$11M	$11M
MSI Motorola Solutions Inc	NEW	+35.4K	35.4K	+$10M	$10M
HD Home Depot Inc/The	NEW	+20.2K	20.2K	+$8M	$8M
LOW Lowe's Cos Inc	NEW	+31.6K	31.6K	+$8M	$8M
Tricon Residential Inc	NEW	+391.4K	391.4K	+$8M	$8M
CNI Canadian National Railway Co	NEW	+44.1K	44.1K	+$7M	$7M
AA Alcoa Corp	NEW	+87.2K	87.2K	+$5M	$5M
LPX Louisiana-Pacific Corp	NEW	+48.5K	48.5K	+$4M	$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

121 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	BMO Bank of Montreal history →	Common	4.03%	$24M	177.6K
2	NTR Nutrien Ltd history →	Common	3.99%	$24M	250.0K
3	TD Toronto-Dominion Bank/The history →	Common	3.84%	$23M	238.0K
4	AAPL Apple Inc history →	Common	3.81%	$23M	127.8K
5	RY Royal Bank of Canada history →	Common	3.71%	$22M	165.9K
6	MSFT Microsoft Corp history →	Common	3.62%	$22M	64.1K
7	CNQ Canadian Natural Resources Ltd history →	Common	3.21%	$19M	356.9K
8	FTS Fortis Inc/Canada history →	Common	3.01%	$18M	293.7K
9	Thomson Reuters Corp	Common	2.92%	$17M	114.8K
10	Brookfield Asset Management Inc	Common	2.81%	$17M	219.1K
11	Granite Real Estate Investment Trust	Common	2.63%	$16M	148.8K
12	BNS Bank of Nova Scotia/The history →	Common	2.52%	$15M	167.4K
13	TU TELUS Corp history →	Common	2.46%	$15M	492.3K
14	CI Financial Corp	Common	2.44%	$15M	550.4K
15	SLF Sun Life Financial Inc history →	Common	2.25%	$13M	190.2K
16	CM Canadian Imperial Bank of Commerce history →	Common	2.19%	$13M	88.4K
17	NEE NextEra Energy Inc history →	Common	2.04%	$12M	130.1K
18	WCN Waste Connections Inc history →	Common	2.02%	$12M	69.7K
19	AVGO Broadcom Inc history →	Common	2.01%	$12M	18.0K
20	ABT Abbott Laboratories history →	Common	1.88%	$11M	79.8K
21	GOOGL Alphabet Inc history →	Common	1.65%	$10M	3.4K
22	MSI Motorola Solutions Inc history →	Common	1.61%	$10M	35.4K
23	COST Costco Wholesale Corp history →	Common	1.52%	$9M	16.0K
24	CSCO Cisco Systems Inc/Delaware history →	Common	1.48%	$9M	140.2K
25	HD Home Depot Inc/The history →	Common	1.41%	$8M	20.2K
26	SPGI S&P Global Inc history →	Common	1.37%	$8M	17.4K
27	LOW Lowe's Cos Inc history →	Common	1.37%	$8M	31.6K
28	MS Morgan Stanley history →	Common	1.32%	$8M	80.3K
29	NVDA NVIDIA Corp history →	Common	1.29%	$8M	26.1K
30	Tricon Residential Inc	Common	1.27%	$8M	391.4K
31	CNI Canadian National Railway Co history →	Common	1.15%	$7M	44.1K
32	TAC TransAlta Corp history →	Common	1.05%	$6M	446.7K
33	BCE BCE Inc history →	Common	1.03%	$6M	93.4K
34	Brookfield Asset Management Reinsurance Partners Ltd	Common	0.97%	$6M	73.0K
35	PANW Palo Alto Networks Inc	Common	0.95%	$6M	10.2K
36	PBA Pembina Pipeline Corp	Common	0.93%	$6M	145.4K
37	F Ford Motor Co	Common	0.89%	$5M	255.7K
38	AA Alcoa Corp	Common	0.87%	$5M	87.2K
39	TXT Textron Inc	Common	0.87%	$5M	67.0K
40	Confluent Inc	Common	0.86%	$5M	67.3K
41	SPG Simon Property Group Inc	Common	0.86%	$5M	32.1K
42	ZTS Zoetis Inc	Common	0.85%	$5M	20.8K
43	EL Estee Lauder Cos Inc/The	Common	0.73%	$4M	11.8K
44	FCX Freeport-McMoRan Inc	Common	0.73%	$4M	104.7K
45	CDNS Cadence Design Systems Inc	Common	0.67%	$4M	21.4K
46	ENB Enbridge Inc	Common	0.64%	$4M	77.6K
47	LPX Louisiana-Pacific Corp	Common	0.64%	$4M	48.5K
48	TFIN Triumph Bancorp Inc	Common	0.63%	$4M	31.6K
49	GS Goldman Sachs Group Inc/The	Common	0.60%	$4M	9.3K
50	APA APA Corp	Common	0.57%	$3M	127.0K
51	IQV IQVIA Holdings Inc	Common	0.52%	$3M	11.0K
52	WFG West Fraser Timber Co Ltd	Common	0.51%	$3M	31.4K
53	XLF Financial Select Sector SPDR Fund	ETP	0.42%	$2M	63.7K
54	CRGY Crescent Point Energy Corp	Common	0.39%	$2M	344.5K
55	RDVY First Trust Rising Dividend Achievers ETF	ETP	0.34%	$2M	38.8K
56	MCD McDonald's Corp	Common	0.28%	$2M	6.3K
57	XME SPDR S&P Metals & Mining ETF	ETP	0.26%	$2M	35.0K
58	COPX Global X Copper Miners ETF	ETP	0.26%	$2M	41.6K
59	GDXJ VanEck Junior Gold Miners ETF	ETP	0.24%	$1M	34.5K
60	SIL Global X Silver Miners ETF	ETP	0.24%	$1M	38.6K
61	ETFMG Prime Junior Silver Miners ETF	ETP	0.24%	$1M	112.5K
62	XLB Materials Select Sector SPDR Fund	ETP	0.23%	$1M	15.2K
63	ROBO Global Robotics and Automation Index ETF	ETP	0.23%	$1M	19.5K
64	REMX VanEck Rare Earth/Strategic Metals ETF	ETP	0.23%	$1M	12.0K
65	KRE SPDR S&P Regional Banking ETF	ETP	0.22%	$1M	18.9K
66	ITB iShares U.S. Home Construction ETF	ETP	0.22%	$1M	16.1K
67	WOOD iShares Global Timber & Forestry ETF	ETP	0.22%	$1M	14.5K
68	EWT iShares MSCI Taiwan ETF	ETP	0.22%	$1M	20.0K
69	Lam Research Corp	Common	0.22%	$1M	1.9K
70	KBE SPDR S&P Bank ETF	ETP	0.22%	$1M	24.4K
71	XTN SPDR S&P Transportation ETF	ETP	0.22%	$1M	14.1K
72	FNV Franco-Nevada Corp	Common	0.22%	$1M	7.6K
73	URA Global X Uranium ETF	ETP	0.22%	$1M	58.1K
74	IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	ETP	0.22%	$1M	12.0K
75	REZ iShares Residential and Multisector Real Estate ETF	ETP	0.22%	$1M	13.3K
76	IJR iShares Core S&P Small-Cap ETF	ETP	0.22%	$1M	11.4K
77	KIE SPDR S&P Insurance ETF	ETP	0.22%	$1M	32.0K
78	GD General Dynamics Corp	Common	0.20%	$1M	5.8K
79	CCS Century Communities Inc	Common	0.20%	$1M	14.4K
80	ELEMENTS Linked to the Rogers International Commodity Index - Total Return	ETP	0.19%	$1M	166.3K
81	GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	ETP	0.19%	$1M	11.1K
82	GUNR FlexShares Global Upstream Natural Resources Index Fund	ETP	0.19%	$1M	28.5K
83	PAVE Global X US Infrastructure Development ETF	ETP	0.18%	$1M	37.5K
84	DBA Invesco DB Agriculture Fund	ETP	0.17%	$1M	51.8K
85	AMAT Applied Materials Inc	Common	0.17%	$1M	6.4K
86	BNO United States Brent Oil Fund LP	ETP	0.15%	$905,403	43.3K
87	PRN Invesco DWA Industrials Momentum ETF	ETP	0.14%	$860,250	7.4K
88	FRCB First Republic Bank/CA	Common	0.14%	$825,795	4.0K
89	SVB Financial Group	Common	0.14%	$822,705	1.2K
90	KBA KraneShares Bosera MSCI China A 50 Connect Index ETF	ETP	0.13%	$798,928	18.4K
91	QUAL iShares MSCI USA Quality Factor ETF	ETP	0.12%	$713,244	4.9K
92	STN Stantec Inc	Common	0.12%	$689,379	9.7K
93	BAC Bank of America Corp	Common	0.11%	$664,058	14.9K
94	BLOK Amplify Transformational Data Sharing ETF	ETP	0.11%	$654,771	16.3K
95	BX Blackstone Inc	Common	0.11%	$652,753	5.1K
96	RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	ETP	0.11%	$626,360	4.0K
97	GXO GXO Logistics Inc	Common	0.10%	$617,644	6.8K
98	PFE Pfizer Inc	Common	0.10%	$615,346	10.5K
99	INVE Identiv Inc	Common	0.10%	$571,242	20.3K
100	CIBR First Trust NASDAQ Cybersecurity ETF	ETP	0.09%	$564,853	10.7K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$292M	114	May 12, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$415M	131	Feb 12, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$437M	174	Nov 13, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$362M	180	Aug 14, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$269M	147	May 14, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$250M	182	Feb 13, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$347M	161	Nov 14, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$259M	173	Aug 9, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$386M	173	May 8, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$353M	177	Feb 14, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$317M	104	Nov 8, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$375M	125	Aug 11, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$390M	107	May 11, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	Under review	123	Feb 13, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$242M	64	Nov 14, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$244M	70	Aug 15, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$550M	115	May 13, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$595M	121	Feb 14, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$518M	136	Nov 12, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$523M	129	Aug 13, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$603M	161	May 10, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$534M	149	Feb 9, 2021	13F-HR	changes · EDGAR ↗
Q3 2020	$492M	126	Nov 12, 2020	13F-HR	changes · EDGAR ↗
Q2 2020	$535M	126	Aug 12, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	Under review	86	May 13, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$633M	129	Feb 10, 2020	13F-HR	changes · EDGAR ↗
Q3 2019	$929M	141	Nov 12, 2019	13F-HR	changes · EDGAR ↗
Q2 2019	$769M	123	Aug 13, 2019	13F-HR	changes · EDGAR ↗
Q1 2019	$878M	137	Apr 18, 2019	13F-HR	changes · EDGAR ↗
Q4 2018	$491M	101	Feb 12, 2019	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.