SEC 13F Intelligence

Managers / Q3 2022 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$242.4B
Q3 2022
Positions
64
Filings on Record
30
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Barometer Capital Management Inc. reported $242.4B in U.S.-listed holdings across 64 positions for Q3 2022.

Its largest position, WCN, represents 7.1% of the portfolio.

Compared with Q2 2022, the fund opened 35 new positions and exited 41.

Portfolio Metrics

Turnover
+69.5%
vs prior filed quarter
Top-10 Concentration
+57.5%
share of reported value
Largest Position
+7.1%
Waste Connections
New / Exited
35 / 41
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 ’19Q2 ’20: $535MQ3 ’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: 84.7%ETP: 9.5%Other: 5.8%
  • Common Stock · 84.7% · $205.3B
  • ETP · 9.5% · $23.1B
  • Other · 5.8% · $14.0B

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WCNWaste Connections IncNEW+92.6K92.6K+$17.3B$17.3B
BMOBank of MontrealNEW+139.1K139.1K+$16.7B$16.7B
RYRoyal Bank of CanadaNEW+134.6K134.6K+$16.6B$16.6B
TDToronto-Dominion Bank/TheNEW+175.0K175.0K+$14.7B$14.7B
Canadian Pacific Railway LtdNEW+145.2K145.2K+$13.4B$13.4B
TMUST-Mobile US IncNEW+95.0K95.0K+$12.7B$12.7B
SOSouthern Co/TheNEW+93.5K93.5K+$6.4B$6.4B
SPYSPDR S&P 500 ETF TrustNEW+17.3K17.3K+$6.2B$6.2B

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

Holdings — Q3 2022

64 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WCNWaste Connections Inchistory →Common7.13%$17.3B92.6K
2BMOBank of Montrealhistory →Common6.87%$16.7B139.1K
3RYRoyal Bank of Canadahistory →Common6.83%$16.6B134.6K
4TDToronto-Dominion Bank/Thehistory →Common6.05%$14.7B175.0K
5UNHUnitedHealth Group Inchistory →Common5.90%$14.3B28.3K
6Canadian Pacific Railway LtdCommon5.52%$13.4B145.2K
7NOCNorthrop Grumman Corphistory →Common5.49%$13.3B28.3K
8LLYEli Lilly & Cohistory →Common5.30%$12.9B39.7K
9TMUST-Mobile US Inchistory →Common5.26%$12.7B95.0K
10Shaw Communications IncCommon3.15%$7.6B228.1K
11PGRProgressive Corp/Thehistory →Common3.14%$7.6B65.6K
12VETVermilion Energy Inchistory →Common3.04%$7.4B249.1K
13HSYHershey Co/Thehistory →Common3.02%$7.3B33.2K
14SOSouthern Co/Thehistory →Common2.62%$6.4B93.5K
15SPYSPDR S&P 500 ETF Trusthistory →ETP2.55%$6.2B17.3K
16NEENextEra Energy Inchistory →Common1.99%$4.8B61.4K
17LMTLockheed Martin Corphistory →Common1.94%$4.7B12.2K
18LNGCheniere Energy Inchistory →Common1.92%$4.7B28.1K
19VRTXVertex Pharmaceuticals Inchistory →Common1.80%$4.4B15.1K
20GDGeneral Dynamics Corphistory →Common1.41%$3.4B16.2K
21IMOImperial Oil Ltdhistory →Common1.38%$3.3B55.9K
22COSTCostco Wholesale Corphistory →Common1.32%$3.2B6.8K
23APAAPA Corphistory →Common1.29%$3.1B91.7K
24COPConocoPhillipshistory →Common1.07%$2.6B25.3K
25UNMUnum Grouphistory →Common1.07%$2.6B67.1K
26SHLSShoals Technologies Group Inchistory →Common0.89%$2.1B99.7K
27Activision Blizzard IncCommon0.86%$2.1B28.1K
28CPBCampbell Soup Cohistory →Common0.83%$2.0B43.0K
29BEBloom Energy Corphistory →Common0.73%$1.8B88.4K
30HESHess Corphistory →Common0.49%$1.2B11.0K
31PSNParsons Corphistory →Common0.49%$1.2B30.2K
32DBAInvesco DB Agriculture Fundhistory →ETP0.43%$1.0B51.7K
33Sprott Physical Silver TrustETP0.42%$1.0B152.5K
34TANInvesco Solar ETFhistory →ETP0.41%$993M13.5K
35FXNFirst Trust Energy AlphaDEX Fundhistory →ETP0.39%$941M60.3K
36KRESPDR S&P Regional Banking ETFhistory →ETP0.39%$936M15.9K
37BNSBank of Nova Scotia/Thehistory →Common0.37%$885M13.7K
38DXJWisdomTree Japan Hedged Equity Fundhistory →ETP0.35%$839M13.6K
39INDAiShares MSCI India ETFhistory →ETP0.34%$836M20.5K
40INDYiShares India 50 ETFhistory →ETP0.34%$827M19.6K
41EXMOCExxon Mobil Corphistory →Common0.34%$815M9.3K
42URAGlobal X Uranium ETFhistory →ETP0.33%$807M40.7K
43GUNRFlexShares Global Upstream Natural Resources Index Fundhistory →ETP0.33%$801M21.3K
44PALLabrdn Palladium ETF Trusthistory →ETP0.32%$783M3.9K
45KBESPDR S&P Bank ETFhistory →ETP0.31%$753M17.0K
46AMLPAlerian MLP ETFhistory →ETP0.30%$736M20.5K
47CNQCanadian Natural Resources Ltdhistory →Common0.29%$694M10.8K
48ETFMG Prime Junior Silver Miners ETFETP0.26%$627M68.8K
49SPDR S&P Capital Markets ETFETP0.23%$565M7.9K
50IAIiShares U.S. Broker-Dealers & Securities Exchanges ETFhistory →ETP0.23%$564M6.6K
51United States Natural Gas Fund LPETP0.21%$512M21.9K
52GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fundhistory →ETP0.20%$474M6.3K
53XMESPDR S&P Metals & Mining ETFhistory →ETP0.19%$463M10.9K
54IWMiShares Russell 2000 ETFhistory →ETP0.19%$462M2.8K
55XBISPDR S&P Biotech ETFhistory →ETP0.19%$460M5.8K
56DONWisdomTree US MidCap Dividend Fundhistory →ETP0.18%$440M11.7K
57FDNFirst Trust Dow Jones Internet Index Fundhistory →ETP0.17%$417M3.3K
58EIDOiShares MSCI Indonesia ETFhistory →ETP0.16%$378M16.2K
59LITGlobal X Lithium & Battery Tech ETFhistory →ETP0.16%$377M5.7K
60ICLNiShares Global Clean Energy ETFhistory →ETP0.16%$376M19.7K
61ITAiShares US Aerospace & Defense ETFhistory →ETP0.15%$374M4.1K
62XESSPDR S&P Oil & Gas Equipment & Services ETFhistory →ETP0.12%$298M5.4K
63PHOInvesco Water Resources ETFhistory →ETP0.12%$279M6.1K
64REMXVanEck Rare Earth/Strategic Metals ETFhistory →ETP0.10%$233M2.8K

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$535M126Aug 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 ↗.