Managers / Q2 2023 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value

$375M

Q2 2023

Positions

125

Filings on Record

2019–present window

Filed

Aug 11, 2023

original filing

Summary

Barometer Capital Management Inc. reported $375M in U.S.-listed holdings across 125 positions for Q2 2023.

Its largest position, NVDA, represents 4.7% of the portfolio.

Compared with Q1 2023, the fund opened 55 new positions and exited 37.

Portfolio Metrics

Turnover

+44.4%

vs prior filed quarter

Top-10 Concentration

+36.2%

share of reported value

Largest Position

+4.7%

Nvidia

New / Exited

55 / 37

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 · 90.6% · $339M
ETP · 7.4% · $28M
REIT · 1.8% · $7M
Other · 0.2% · $741,020

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
TRI Thomson Reuters Corp	NEW	+94.6K	94.6K	+$17M	$17M
QSR Restaurant Brands International Inc	NEW	+106.9K	106.9K	+$11M	$11M
ATS ATS Corp	NEW	+163.7K	163.7K	+$10M	$10M
VRTX Vertex Pharmaceuticals Inc	NEW	+12.8K	12.8K	+$5M	$5M
CP Canadian Pacific Kansas City Ltd	NEW	+40.6K	40.6K	+$4M	$4M
AMZN Amazon.com Inc	NEW	+32.4K	32.4K	+$4M	$4M
MFC Manulife Financial Corp	NEW	+149.1K	149.1K	+$4M	$4M
UNM Unum Group	NEW	+74.7K	74.7K	+$4M	$4M

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

Holdings — Q2 2023

125 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	NVDA NVIDIA Corp history →	Common	4.67%	$18M	41.4K
2	TRI Thomson Reuters Corp history →	Common	4.52%	$17M	94.6K
3	ORCL Oracle Corp history →	Common	4.30%	$16M	135.6K
4	MSFT Microsoft Corp history →	Common	4.06%	$15M	44.7K
5	GFL GFL Environmental Inc history →	Common	3.59%	$13M	261.6K
6	AVGO Broadcom Inc history →	Common	3.40%	$13M	14.7K
7	LLY Eli Lilly & Co history →	Common	3.24%	$12M	25.9K
8	QSR Restaurant Brands International Inc history →	Common	2.93%	$11M	106.9K
9	AAPL Apple Inc history →	Common	2.84%	$11M	55.0K
10	ATS ATS Corp history →	Common	2.66%	$10M	163.7K
11	IMO Imperial Oil Ltd history →	Common	2.66%	$10M	147.1K
12	SLF Sun Life Financial Inc history →	Common	2.61%	$10M	141.7K
13	RY Royal Bank of Canada history →	Common	2.45%	$9M	73.2K
14	OTEX Open Text Corp history →	Common	2.33%	$9M	158.1K
15	JPM JPMorgan Chase & Co history →	Common	2.28%	$9M	59.1K
16	MRK Merck & Co Inc history →	Common	2.19%	$8M	71.0K
17	V Visa Inc history →	Common	2.02%	$8M	32.0K
18	TD Toronto-Dominion Bank/The history →	Common	1.88%	$7M	86.8K
19	Granite Real Estate Investment Trust	Common	1.85%	$7M	88.6K
20	CRM Salesforce Inc history →	Common	1.83%	$7M	32.4K
21	STN Stantec Inc history →	Common	1.82%	$7M	79.0K
22	LW Lamb Weston Holdings Inc history →	Common	1.75%	$7M	57.1K
23	META Meta Platforms Inc history →	Common	1.67%	$6M	21.7K
24	DHI DR Horton Inc history →	Common	1.66%	$6M	51.3K
25	PANW Palo Alto Networks Inc history →	Common	1.64%	$6M	24.0K
26	GIB CGI Inc history →	Common	1.63%	$6M	43.8K
27	ENB Enbridge Inc history →	Common	1.51%	$6M	114.7K
28	VRTX Vertex Pharmaceuticals Inc history →	Common	1.21%	$5M	12.8K
29	CP Canadian Pacific Kansas City Ltd history →	Common	1.16%	$4M	40.6K
30	HWM Howmet Aerospace Inc history →	Common	1.16%	$4M	87.5K
31	AMZN Amazon.com Inc history →	Common	1.13%	$4M	32.4K
32	MFC Manulife Financial Corp	Common	1.00%	$4M	149.1K
33	ACGL Arch Capital Group Ltd	Common	0.96%	$4M	48.1K
34	UNM Unum Group	Common	0.94%	$4M	74.7K
35	IR Ingersoll Rand Inc	Common	0.89%	$3M	51.1K
36	GOOGL Alphabet Inc	Common	0.88%	$3M	27.5K
37	SHOP Shopify Inc	Common	0.75%	$3M	32.9K
38	LVS Las Vegas Sands Corp	Common	0.75%	$3M	48.4K
39	NEE NextEra Energy Inc	Common	0.68%	$3M	34.4K
40	CCS Century Communities Inc	Common	0.64%	$2M	31.1K
41	TECK Teck Resources Ltd	Common	0.60%	$2M	40.6K
42	RGA Reinsurance Group of America Inc	Common	0.58%	$2M	15.6K
43	IRDM Iridium Communications Inc	Common	0.56%	$2M	33.9K
44	VMC Vulcan Materials Co	Common	0.55%	$2M	9.2K
45	RTX RTX Corp	Common	0.53%	$2M	20.2K
46	FCX Freeport-McMoRan Inc	Common	0.52%	$2M	48.9K
47	MNST Monster Beverage Corp	Common	0.50%	$2M	32.6K
48	BWXT BWX Technologies Inc	Common	0.46%	$2M	24.1K
49	AMAT Applied Materials Inc	Common	0.45%	$2M	11.8K
50	Pioneer Natural Resources Co	Common	0.44%	$2M	7.9K
51	HES Hess Corp	Common	0.42%	$2M	11.7K
52	NOW ServiceNow Inc	Common	0.40%	$2M	2.7K
53	UBER Uber Technologies Inc	Common	0.38%	$1M	33.0K
54	CNQ Canadian Natural Resources Ltd	Common	0.36%	$1M	18.3K
55	CCJ Cameco Corp	Common	0.35%	$1M	31.2K
56	AMD Advanced Micro Devices Inc	Common	0.31%	$1M	10.3K
57	BRBR BellRing Brands Inc	Common	0.30%	$1M	30.4K
58	ATKR Atkore Inc	Common	0.28%	$1M	6.7K
59	LMT Lockheed Martin Corp	Common	0.27%	$1M	2.2K
60	ITB iShares U.S. Home Construction ETF	ETP	0.25%	$947,530	11.1K
61	PAVE Global X US Infrastructure Development ETF	ETP	0.25%	$931,900	29.6K
62	FSV FirstService Corp	Common	0.25%	$918,090	4.5K
63	AIRR First Trust RBA American Industrial Renaissance ETF	ETP	0.24%	$902,802	16.7K
64	GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	ETP	0.24%	$890,366	8.5K
65	ADBE Adobe Inc	Common	0.23%	$880,182	1.8K
66	EWW iShares MSCI Mexico ETF	ETP	0.23%	$879,225	14.1K
67	URA Global X Uranium ETF	ETP	0.23%	$870,170	40.1K
68	FCG First Trust Natural Gas ETF	ETP	0.23%	$868,344	37.3K
69	EPI WisdomTree India Earnings Fund	ETP	0.22%	$838,680	24.1K
70	Sprott Physical Gold Trust	ETP	0.22%	$826,568	55.4K
71	Sprott Physical Silver Trust	ETP	0.22%	$820,287	105.3K
72	COPX Global X Copper Miners ETF	ETP	0.22%	$809,475	21.5K
73	FXR First Trust Industrials/Producer Durables AlphaDEX Fund	ETP	0.21%	$805,206	13.4K
74	EWY iShares MSCI South Korea ETF	ETP	0.21%	$792,250	12.5K
75	GDXJ VanEck Junior Gold Miners ETF	ETP	0.21%	$788,086	22.1K
76	XES SPDR S&P Oil & Gas Equipment & Services ETF	ETP	0.21%	$781,700	10.0K
77	WW International Inc	Common	0.21%	$770,112	114.6K
78	ETFMG Prime Junior Silver Miners ETF	ETP	0.20%	$741,020	79.0K
79	XLI Industrial Select Sector SPDR Fund	ETP	0.20%	$738,362	6.9K
80	IWM iShares Russell 2000 ETF	ETP	0.19%	$716,308	3.8K
81	CM Canadian Imperial Bank of Commerce	Common	0.19%	$713,222	12.6K
82	ILF iShares Latin America 40 ETF	ETP	0.19%	$706,420	26.0K
83	XLE Energy Select Sector SPDR Fund	ETP	0.19%	$706,179	8.7K
84	PHO Invesco Water Resources ETF	ETP	0.19%	$696,417	12.3K
85	SPHB Invesco S&P 500 High Beta ETF	ETP	0.18%	$672,232	8.8K
86	XSD SPDR S&P Semiconductor ETF	ETP	0.18%	$663,870	3.0K
87	DBA Invesco DB Agriculture Fund	ETP	0.17%	$655,277	31.1K
88	PIE Invesco DWA Emerging Markets Markets Momentum ETF	ETP	0.17%	$654,465	34.5K
89	EXMOC Exxon Mobil Corp	Common	0.17%	$652,080	6.1K
90	BNO United States Brent Oil Fund LP	ETP	0.17%	$641,844	25.2K
91	EFA iShares MSCI EAFE ETF	ETP	0.17%	$638,000	8.8K
92	FEZ SPDR EURO STOXX 50 ETF	ETP	0.17%	$635,444	13.8K
93	DBC Invesco DB Commodity Index Tracking Fund	ETP	0.17%	$631,060	27.8K
94	ITA iShares US Aerospace & Defense ETF	ETP	0.16%	$598,517	5.1K
95	XME SPDR S&P Metals & Mining ETF	ETP	0.16%	$589,512	11.6K
96	ARGT Global X MSCI Argentina ETF	ETP	0.15%	$572,250	12.5K
97	RDVY First Trust Rising Dividend Achievers ETF	ETP	0.15%	$565,200	12.0K
98	EWT iShares MSCI Taiwan ETF	ETP	0.15%	$554,836	11.8K
99	JPST JPMorgan Ultra-Short Income ETF	ETP	0.13%	$502,324	10.1K
100	VOOV Vanguard S&P 500 Value ETF	ETP	0.13%	$498,240	3.2K

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 ↗.