SEC 13F Intelligence

Managers / Q3 2023 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$317M
Q3 2023
Positions
104
Filings on Record
30
2019–present window
Filed
Nov 8, 2023
original filing

Summary

Barometer Capital Management Inc. reported $317M in U.S.-listed holdings across 104 positions for Q3 2023.

Its largest position, NVDA, represents 5.2% of the portfolio.

Compared with Q2 2023, the fund opened 26 new positions and exited 47.

Portfolio Metrics

Turnover
+34.9%
vs prior filed quarter
Top-10 Concentration
+41.2%
share of reported value
Largest Position
+5.2%
Nvidia
New / Exited
26 / 47
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: $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: 87.2%ETP: 8.6%ADR: 2.2%Other: 1.4%Closed-End Fund: 0.5%
  • Common Stock · 87.2% · $277M
  • ETP · 8.6% · $27M
  • ADR · 2.2% · $7M
  • Other · 1.4% · $5M
  • Closed-End Fund · 0.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SUSuncor Energy IncNEW+200.9K200.9K+$9M$9M
PGRProgressive Corp/TheNEW+60.9K60.9K+$8M$8M
CSCOCisco Systems IncNEW+136.1K136.1K+$7M$7M
WMBWilliams Cos Inc/TheNEW+214.3K214.3K+$7M$7M
RIORio Tinto PLCNEW+102.8K102.8K+$7M$7M
CAECAE IncNEW+126.1K126.1K+$4M$4M
TFI International IncNEW+13.1K13.1K+$2M$2M
SHWSherwin-Williams Co/TheNEW+4.0K4.0K+$1M$1M

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

Holdings — Q3 2023

103 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA Corphistory →Common5.19%$16M37.8K
2CNQCanadian Natural Resources Ltdhistory →Common4.90%$16M177.1K
3IMOImperial Oil Ltdhistory →Common4.81%$15M182.4K
4MSFTMicrosoft Corphistory →Common4.49%$14M45.1K
5LLYEli Lilly & Cohistory →Common4.09%$13M24.1K
6TDToronto-Dominion Bank/Thehistory →Common4.08%$13M160.1K
7AVGOBroadcom Inchistory →Common4.00%$13M15.3K
8JPMJPMorgan Chase & Cohistory →Common3.55%$11M78.2K
9SLFSun Life Financial Inchistory →Common3.17%$10M151.8K
10SUSuncor Energy Inchistory →Common2.96%$9M200.9K
11TECKTeck Resources Ltdhistory →Common2.87%$9M156.0K
12AAPLApple Inchistory →Common2.87%$9M53.2K
13ATSATS Corphistory →Common2.82%$9M154.5K
14PGRProgressive Corp/Thehistory →Common2.67%$8M60.9K
15STNStantec Inchistory →Common2.59%$8M93.1K
16VVisa Inchistory →Common2.46%$8M34.1K
17CSCOCisco Systems Inchistory →Common2.29%$7M136.1K
18WMBWilliams Cos Inc/Thehistory →Common2.28%$7M214.3K
19HESHess Corphistory →Common2.26%$7M46.8K
20UNMUnum Grouphistory →Common2.20%$7M143.3K
21RIORio Tinto PLChistory →Common2.06%$7M102.8K
22METAMeta Platforms Inchistory →Common2.03%$6M21.5K
23RGAReinsurance Group of America Inchistory →Common1.64%$5M35.9K
24IRIngersoll Rand Inchistory →Common1.54%$5M76.8K
25VRTXVertex Pharmaceuticals Inchistory →Common1.41%$4M12.8K
26CAECAE Inchistory →Common1.26%$4M126.1K
27Arch Capital Group LtdCommon1.22%$4M48.7K
28AMZNAmazon.com Inchistory →Common1.22%$4M30.4K
29HWMHowmet Aerospace Inchistory →Common1.19%$4M81.6K
30GOOGLAlphabet IncCommon1.16%$4M28.2K
31BWXTBWX Technologies Inchistory →Common1.14%$4M48.3K
32BRBRBellRing Brands Inchistory →Common1.08%$3M83.0K
33ADBEAdobe IncCommon0.75%$2M4.7K
34TFI International IncCommon0.72%$2M13.1K
35WW6WW International IncCommon0.66%$2M188.7K
36Pioneer Natural Resources CoCommon0.61%$2M8.5K
37FCXFreeport-McMoRan IncCommon0.56%$2M48.2K
38VMCVulcan Materials CoCommon0.56%$2M8.8K
39CCJCameco CorpCommon0.55%$2M32.3K
40NOWServiceNow IncCommon0.54%$2M3.1K
41UBERUber Technologies IncCommon0.53%$2M36.5K
42FSVFirstService CorpCommon0.34%$1M5.4K
43SHWSherwin-Williams Co/TheCommon0.32%$1M4.0K
44XMESPDR S&P Metals & Mining ETFETP0.32%$1M19.3K
45KIESPDR S&P Insurance ETFETP0.32%$1M23.7K
46PAVEGlobal X US Infrastructure Development ETFETP0.31%$997,98332.9K
47AMLPAlerian MLP ETFETP0.31%$981,57223.3K
48Sprott Physical Silver TrustETP0.30%$946,742124.9K
49WisdomTree Japan Hedged Equity FundETP0.30%$939,68610.6K
50ATKRAtkore IncCommon0.30%$936,9136.3K
51VOOVVanguard S&P 500 Value ETFETP0.30%$936,7476.3K
52PICKiShares MSCI Global Metals & Mining Producers ETFETP0.29%$930,38423.4K
53COWZPacer US Cash Cows 100 ETFETP0.28%$894,18918.1K
54XESSPDR S&P Oil & Gas Equipment & Services ETFETP0.28%$881,1769.2K
55FCGFirst Trust Natural Gas ETFETP0.27%$844,67532.5K
56DBAInvesco DB Agriculture FundETP0.26%$839,27239.2K
57XOPSPDR S&P Oil & Gas Exploration & Production ETFETP0.26%$828,2965.6K
58XLEEnergy Select Sector SPDR FundETP0.26%$822,5499.1K
59DBCInvesco DB Commodity Index Tracking FundETP0.26%$821,18432.9K
60SLXVanEck Steel ETFETP0.26%$813,06812.4K
61SPDR S&P Capital Markets ETFETP0.25%$807,4489.3K
62GUNRFlexShares Morningstar Global Upstream Natural Resources Index FundETP0.25%$800,71219.8K
63FXRFirst Trust Industrials/Producer Durables AlphaDEX FundETP0.25%$792,53413.8K
64AIRRFirst Trust RBA American Industrial Renaissance ETFETP0.25%$783,10415.2K
65WisdomTree India Earnings FundETP0.25%$782,98821.3K
66COPXGlobal X Copper Miners ETFETP0.25%$782,81521.5K
67QUALiShares MSCI USA Quality Factor ETFETP0.25%$777,5615.9K
68FXZFirst Trust Materials AlphaDEX FundETP0.24%$769,02312.2K
69Pacer US Small Cap Cash Cows 100 ETFETP0.24%$767,28018.4K
70URAGlobal X Uranium ETFETP0.24%$751,71227.8K
71EXMOCExxon Mobil CorpCommon0.22%$709,0076.0K
72ILFiShares Latin America 40 ETFETP0.22%$695,23227.2K
73Sprott Physical Gold TrustETP0.22%$690,22448.2K
74DBBInvesco DB Base Metals FundETP0.20%$632,28033.0K
75VISVanguard Industrials ETFETP0.20%$623,9363.2K
76XLIIndustrial Select Sector SPDR FundETP0.17%$545,4245.4K
77SLBSchlumberger NVCommon0.17%$527,6159.1K
78ETFMG Prime Junior Silver Miners ETFETP0.15%$469,79255.4K
79RDVYFirst Trust Rising Dividend Achievers ETFETP0.15%$468,69010.2K
80GDXJVanEck Junior Gold Miners ETFETP0.15%$467,33514.5K
81WOODiShares Global Timber & Forestry ETFETP0.15%$466,3266.3K
82XLCCommunication Services Select Sector SPDR FundETP0.12%$393,4206.0K
83UGAUnited States Gasoline Fund LPETP0.12%$378,9175.6K
84USCIUnited States Commodity Index FundETP0.11%$349,0655.9K
85AZNNAstraZeneca PLCCommon0.10%$331,8284.9K
86IJSiShares S&P Small-Cap 600 Value ETFETP0.10%$312,2703.5K
87Celestica IncCommon0.09%$292,5128.8K
88Crescent Point Energy CorpCommon0.07%$230,83020.5K
89JPSTJPMorgan Ultra-Short Income ETFETP0.07%$218,8894.4K
90PDSPrecision Drilling CorpCommon0.06%$200,2222.2K
91SOXXiShares Semiconductor ETFETP0.04%$115,571244
92XLKTechnology Select Sector SPDR FundETP0.03%$83,604510
93EWJiShares MSCI Japan ETFETP0.02%$55,467920
94QQQInvesco QQQ Trust Series 1ETP0.02%$50,874142
95PHOInvesco Water Resources ETFETP0.02%$50,521950
96XHBSPDR S&P Homebuilders ETFETP0.02%$49,005640
97EWWiShares MSCI Mexico ETFETP0.02%$48,913840
98EFAiShares MSCI EAFE ETFETP0.02%$48,244700
99MAMastercard IncCommon0.01%$35,58090
100SMRTSmartRent IncCommon0.01%$30,79811.8K

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$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 ↗.