SEC 13F Intelligence

Managers / Q1 2022 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$550M
Q1 2022
Positions
115
Filings on Record
30
2019–present window
Filed
May 13, 2022
original filing

Summary

Barometer Capital Management Inc. reported $550M in U.S.-listed holdings across 115 positions for Q1 2022.

Its largest position, NTR, represents 6.0% of the portfolio.

Compared with Q4 2021, the fund opened 55 new positions and exited 63.

Portfolio Metrics

Turnover
+54.5%
vs prior filed quarter
Top-10 Concentration
+39.8%
share of reported value
Largest Position
+6.0%
Nutrien
New / Exited
55 / 63
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
Q4 ’18: $491MQ4 ’18Q1 ’19: $878MQ2 ’19: $769MQ3 ’19: $929MQ4 ’19: $633MQ4 ’19Q1 ’20: $336MQ2 ’20: $535MQ3 ’20: $492MQ4 ’20: $534MQ4 ’20Q1 ’21: $603MQ2 ’21: $523MQ3 ’21: $518MQ4 ’21: $595MQ4 ’21Q1 ’22: $550MQ2 ’22: $244MQ3 ’22: $242MQ4 ’22: $339MQ4 ’22Q1 ’23: $390MQ2 ’23: $375MQ3 ’23: $317MQ4 ’23: $353MQ4 ’23Q1 ’24: $386MQ2 ’24: $259MQ3 ’24: $347MQ4 ’24: $250MQ4 ’24Q1 ’25: $269MQ2 ’25: $362MQ3 ’25: $437MQ4 ’25: $415MQ4 ’25Q1 ’26: $292Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.3%ETP: 7.1%Other: 0.8%REIT: 0.6%ADR: 0.1%
  • Common Stock · 91.3% · $502M
  • ETP · 7.1% · $39M
  • Other · 0.8% · $5M
  • REIT · 0.6% · $3M
  • ADR · 0.1% · $675,360

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABXBarrick Gold CorpNEW+745.5K745.5K+$22M$22M
TECKTeck Resources LtdNEW+412.4K412.4K+$21M$21M
IMOImperial Oil LtdNEW+298.6K298.6K+$18M$18M
LMTLockheed Martin CorpNEW+33.0K33.0K+$15M$15M
CFCF Industries Holdings IncNEW+108.4K108.4K+$11M$11M
NEMNewmont CorpNEW+131.9K131.9K+$11M$11M
TRPTC Energy CorpNEW+151.8K151.8K+$11M$11M
PDSPrecision Drilling CorpNEW+107.1K107.1K+$10M$10M

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

Holdings — Q1 2022

113 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NTRNutrien Ltdhistory →Common6.00%$33M253.9K
2BMOBank of Montrealhistory →Common5.31%$29M200.4K
3CNQCanadian Natural Resources Ltdhistory →Common4.30%$24M304.2K
4ABXBarrick Gold Corphistory →Common · ETP4.01%$22M745.5K
5TECKTeck Resources Ltdhistory →ETP3.79%$21M412.4K
6RYRoyal Bank of Canadahistory →Common3.59%$20M144.7K
7TUTELUS Corphistory →Common3.43%$19M576.8K
8ENBEnbridge Inchistory →Common3.42%$19M331.8K
9IMOImperial Oil Ltdhistory →Common3.29%$18M298.6K
10FNVFranco-Nevada Corphistory →Common2.68%$15M74.0K
11LMTLockheed Martin Corphistory →ETP2.65%$15M33.0K
12BNSBank of Nova Scotia/Thehistory →ETP2.52%$14M156.5K
13BCEBCE Inchistory →Common2.43%$13M192.9K
14AAAlcoa Corphistory →ETP2.42%$13M147.5K
15COSTCostco Wholesale Corphistory →ETP2.28%$13M21.8K
16CMCanadian Imperial Bank of Commercehistory →Common2.15%$12M77.7K
17CFCF Industries Holdings Inchistory →Common2.03%$11M108.4K
18NEMNewmont Corphistory →Common2.03%$11M131.9K
19TRPTC Energy Corphistory →Common1.95%$11M151.8K
20PDSPrecision Drilling Corphistory →Common1.81%$10M107.1K
21PBAPembina Pipeline Corphistory →Common1.71%$9M200.6K
22Tricon Residential IncCommon1.70%$9M470.8K
23GDGeneral Dynamics Corphistory →ETP1.63%$9M37.3K
24ADMArcher-Daniels-Midland Cohistory →ETP1.52%$8M92.5K
25FCXFreeport-McMoRan Inchistory →Common1.49%$8M165.1K
26FTSFortis Inc/Canadahistory →Common1.33%$7M117.9K
27CVECenovus Energy Inchistory →Common1.23%$7M323.2K
28CCJCameco Corphistory →Common1.12%$6M169.2K
29AAPLApple Inchistory →Common1.10%$6M34.7K
30CNICanadian National Railway Cohistory →Common1.06%$6M34.8K
31LNGCheniere Energy Inchistory →ETP1.04%$6M41.1K
32SUSuncor Energy IncCommon0.95%$5M127.8K
33OBEObsidian Energy LtdCommon0.92%$5M455.9K
34GOOGLAlphabet IncETP0.91%$5M1.8K
35APAAPA CorpCommon0.91%$5M121.4K
36RTXRaytheon Technologies CorpETP0.88%$5M49.0K
37CRGYCrescent Point Energy CorpCommon0.71%$4M428.0K
38MOSMosaic Co/TheCommon0.70%$4M58.2K
39PGRProgressive Corp/TheCommon0.60%$3M29.1K
40NEENextEra Energy IncCommon0.60%$3M38.8K
41UNHUnitedHealth Group IncCommon0.60%$3M6.4K
42PANWPalo Alto Networks IncCommon0.59%$3M5.2K
43WYWeyerhaeuser CoCommon0.50%$3M72.4K
44AVGOBroadcom IncETP0.50%$3M4.3K
45YRIYamana Gold IncCommon0.48%$3M380.1K
46NVDANVIDIA CorpCommon0.48%$3M9.6K
47SSRMSSR Mining IncCommon0.47%$3M96.3K
48DEDeere & CoCommon0.44%$2M5.8K
49BXBlackstone IncCommon0.37%$2M16.4K
50QCOMQUALCOMM IncCommon0.35%$2M12.7K
51COPXGlobal X Copper Miners ETFCommon0.33%$2M40.0K
52FDLFirst Trust Exchange-Traded Fund-First Trust Morningstar Dividend Leaders IndexETP0.31%$2M44.8K
53SLXVanEck Steel ETFETP0.30%$2M24.6K
54XMESPDR S&P Metals & Mining ETFCommon0.30%$2M27.0K
55Sprott Physical Gold TrustCommon0.30%$2M107.5K
56XOPSPDR S&P Oil & Gas Exploration & Production ETFETP0.30%$2M12.1K
57Lithium Americas CorpCommon0.30%$2M33.8K
58ELEMENTS Linked to the Rogers International Commodity Index - Total ReturnETP0.29%$2M183.2K
59KIESPDR S&P Insurance ETFETP0.29%$2M38.0K
60DBOInvesco DB Oil FundCommon0.28%$2M90.3K
61GDXJVanEck Junior Gold Miners ETFETP0.28%$2M33.1K
62OIHVanEck Oil Services ETFCommon0.28%$2M5.4K
63CORNTeucrium Corn FundETP0.28%$2M56.0K
64ETFMG Prime Junior Silver Miners ETFETP0.27%$1M106.4K
65URAGlobal X Uranium ETFCommon0.27%$1M57.2K
66GUNRFlexShares Global Upstream Natural Resources Index FundCommon0.25%$1M29.0K
67WOODiShares Global Timber & Forestry ETFCommon0.24%$1M14.9K
68XSDSPDR S&P Semiconductor ETFETP0.23%$1M6.1K
69ITAiShares US Aerospace & Defense ETFETP0.23%$1M11.3K
70FXZFirst Trust Materials AlphaDEX FundETP0.22%$1M17.2K
71HSYHershey Co/TheETP0.22%$1M5.6K
72DBAInvesco DB Agriculture FundETP0.21%$1M52.5K
73HESHess CorpETP0.21%$1M10.6K
74SILGlobal X Silver Miners ETFETP0.20%$1M29.8K
75United States Natural Gas Fund LPCommon0.18%$968,25249.1K
76EXMOCExxon Mobil CorpETP0.17%$943,50711.5K
77REMXVanEck Rare Earth/Strategic Metals ETFCommon0.16%$887,1007.5K
78BTUPeabody Energy CorpETP0.16%$883,08036.0K
79UNPUnion Pacific CorpCommon0.16%$877,2773.2K
80LITGlobal X Lithium & Battery Tech ETFETP0.16%$869,87411.3K
81RDVYFirst Trust Rising Dividend Achievers ETFCommon0.16%$857,50017.5K
82MOOVanEck Agribusiness ETFCommon0.16%$857,2288.2K
83EWZiShares MSCI Brazil ETFCommon0.15%$812,91521.5K
84DXJWisdomTree Japan Hedged Equity FundCommon0.14%$793,84812.4K
85MTBM&T Bank CorpETP0.14%$793,2604.7K
86EIDOiShares MSCI Indonesia ETFETP0.14%$789,52531.9K
87CIBRFirst Trust NASDAQ Cybersecurity ETFCommon0.14%$780,71714.7K
88Bunge LtdETP0.14%$777,8867.0K
89Maxar Technologies IncCommon0.14%$767,36415.6K
90COPConocoPhillipsCommon0.13%$710,0007.1K
91SPGSimon Property Group IncCommon0.13%$709,1085.4K
92SITMSiTime CorpETP0.12%$680,0182.7K
93RIORio Tinto PLCETP0.12%$675,3608.4K
94Bitwise Crypto Industry Innovators ETFETP0.12%$658,92038.0K
95IYTiShares US Transportation ETFETP0.12%$647,8802.4K
96IGFiShares Global Infrastructure ETFETP0.12%$645,92212.7K
97MSFTMicrosoft CorpCommon0.12%$638,2022.1K
98Sprott Physical Silver TrustETP0.11%$629,68671.8K
99TANInvesco Solar ETFCommon0.11%$626,3188.3K
100CRWDCrowdstrike Holdings IncETP0.11%$617,6582.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$292M114May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$415M131Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$437M174Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$362M180Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$269M147May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$250M182Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$347M161Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$259M173Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$386M173May 8, 202413F-HRchanges · EDGAR ↗
Q4 2023$353M177Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$317M104Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$375M125Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$390M107May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$339M123Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$242M64Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$244M70Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$550M115May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$595M121Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$518M136Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$523M129Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$603M161May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$534M149Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$492M126Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$535M126Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$336M86May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$633M129Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$929M141Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$769M123Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$878M137Apr 18, 201913F-HRchanges · EDGAR ↗
Q4 2018$491M101Feb 12, 201913F-HRchanges · 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 ↗.