SEC 13F Intelligence

Managers / Q2 2022 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$244.2B
Q2 2022
Positions
70
Filings on Record
30
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Barometer Capital Management Inc. reported $244.2B in U.S.-listed holdings across 70 positions for Q2 2022.

Its largest position, ENB, represents 7.7% of the portfolio.

Compared with Q1 2022, the fund opened 24 new positions and exited 67.

Portfolio Metrics

Turnover
+30.5%
vs prior filed quarter
Top-10 Concentration
+53.4%
share of reported value
Largest Position
+7.7%
Enbridge
New / Exited
24 / 67
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. 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 ’19Q2 ’20: $535.0BQ3 ’20: $492.2BQ4 ’20: $533.5BQ1 ’21: $602.9BQ1 ’21Q2 ’21: $522.8BQ3 ’21: $518.4BQ4 ’21: $595.3BQ1 ’22: $549.6BQ1 ’22Q2 ’22: $244.2BQ3 ’22: $242.4BQ1 ’23: $390MQ2 ’23: $375MQ2 ’23Q3 ’23: $317MQ4 ’23: $353MQ1 ’24: $386MQ2 ’24: $259MQ2 ’24Q3 ’24: $347MQ4 ’24: $250MQ1 ’25: $269MQ2 ’25: $362MQ2 ’25Q3 ’25: $437MQ4 ’25: $415MQ1 ’26: $292Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.3%ETP: 7.1%Other: 2.8%ADR: 2.2%Closed-End Fund: 0.7%
  • Common Stock · 87.3% · $213.2B
  • ETP · 7.1% · $17.3B
  • Other · 2.8% · $6.8B
  • ADR · 2.2% · $5.3B
  • Closed-End Fund · 0.7% · $1.7B

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TAT&T IncNEW+979.1K979.1K+$17.0B$17.0B
JNJJohnson & JohnsonNEW+67.0K67.0K+$11.8B$11.8B
MRKMerck & Co IncNEW+139.7K139.7K+$11.4B$11.4B
Shaw Communications IncNEW+225.3K225.3K+$8.6B$8.6B
VRTXVertex Pharmaceuticals IncNEW+27.3K27.3K+$7.1B$7.1B
Thomson Reuters CorpNEW+46.2K46.2K+$6.2B$6.2B
EXEChesapeake Energy CorpNEW+57.3K57.3K+$4.9B$4.9B
VETVermilion Energy IncNEW+98.9K98.9K+$2.6B$2.6B

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

Holdings — Q2 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ENBEnbridge Inchistory →Common7.67%$18.7B335.7K
2IMOImperial Oil Ltdhistory →Common7.62%$18.6B309.1K
3TAT&T Inchistory →Common6.96%$17.0B979.1K
4PPLPembina Pipeline Corphistory →Common5.57%$13.6B294.8K
5CVECenovus Energy Inchistory →Common4.98%$12.2B586.2K
6JNJJohnson & Johnsonhistory →Common4.83%$11.8B67.0K
7MRKMerck & Co Inchistory →Common4.66%$11.4B139.7K
8LLYEli Lilly & Cohistory →Common4.57%$11.2B39.2K
9Shaw Communications IncCommon3.53%$8.6B225.3K
10HSYHershey Co/Thehistory →Common2.98%$7.3B33.8K
11VRTXVertex Pharmaceuticals Inchistory →Common2.92%$7.1B27.3K
12FTSFortis Inc/Canadahistory →Common2.92%$7.1B116.2K
13FCXFreeport-McMoRan Inchistory →Common2.77%$6.8B137.3K
14AAPLApple Inchistory →Common2.59%$6.3B36.4K
15Thomson Reuters CorpCommon2.56%$6.2B46.2K
16LMTLockheed Martin Corphistory →Common2.41%$5.9B13.4K
17RIORio Tinto PLChistory →Common2.17%$5.3B68.8K
18EXEChesapeake Energy Corphistory →Common1.99%$4.9B57.3K
19COSTCostco Wholesale Corphistory →Common1.60%$3.9B6.8K
20GDGeneral Dynamics Corphistory →Common1.58%$3.9B16.1K
21APAAPA Corphistory →Common1.56%$3.8B93.0K
22UNHUnitedHealth Group Inchistory →Common1.54%$3.8B7.4K
23COPConocoPhillipshistory →Common1.36%$3.3B33.7K
24PGRProgressive Corp/Thehistory →Common1.36%$3.3B29.1K
25NEENextEra Energy Inchistory →Common1.34%$3.3B38.8K
26SUSuncor Energy Inchistory →Common1.13%$2.8B68.6K
27SLBSchlumberger NVhistory →Common1.11%$2.7B66.1K
28VETVermilion Energy Inchistory →Common1.06%$2.6B98.9K
29KHCKraft Heinz Co/Thehistory →Common1.03%$2.5B64.4K
30NOCNorthrop Grumman Corphistory →ETP0.97%$2.4B5.3K
31RBAGBPRitchie Bros Auctioneers Inchistory →Common0.64%$1.6B21.2K
32NTRNutrien Ltdhistory →Common0.57%$1.4B10.8K
33Xtrackers Harvest CSI 300 China A-Shares ETFETP0.52%$1.3B38.4K
34Sprott Physical Gold TrustETP0.50%$1.2B78.9K
35SPDR S&P Oil & Gas Exploration & Production ETFETP0.48%$1.2B8.8K
36KOCoca-Cola Co/Thehistory →Common0.43%$1.0B17.0K
37BNOUnited States Brent Oil Fund LPhistory →ETP0.42%$1.0B34.4K
38WisdomTree Japan Hedged Equity FundETP0.41%$993M15.7K
39VanEck Oil Services ETFETP0.38%$932M3.3K
40SPDR S&P Insurance ETFETP0.35%$866M20.7K
41KraneShares CSI China Internet ETFETP0.35%$852M29.9K
42HESHess Corphistory →Common0.32%$784M7.3K
43Invesco S&P 500 Equal Weight ETFETP0.31%$769M4.9K
44FlexShares Global Upstream Natural Resources Index FundETP0.31%$766M16.6K
45EXMOCExxon Mobil Corphistory →Common0.30%$727M9.0K
46Global X Lithium & Battery Tech ETFETP0.27%$661M8.6K
47MSFTMicrosoft Corphistory →Common0.26%$631M2.0K
48First Trust Exchange-Traded Fund-First Trust Morningstar Dividend Leaders IndexETP0.25%$615M16.6K
49ELEMENTS Linked to the Rogers International Commodity Index - Agri Tot ReturnETP0.25%$600M59.3K
50Invesco DB Agriculture FundETP0.24%$595M27.2K

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 2022Under review123Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$242.4B64Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$244.2B70Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$549.6B115May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$595.3B121Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$518.4B136Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$522.8B129Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$602.9B161May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$533.5B149Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$492.2B126Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$535.0B126Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020Under review86May 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 ↗.