SEC 13F Intelligence

Managers / Q4 2023 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$353M
Q4 2023
Positions
177
Filings on Record
30
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Barometer Capital Management Inc. reported $353M in U.S.-listed holdings across 177 positions for Q4 2023.

Its largest position, MSFT, represents 4.2% of the portfolio.

Compared with Q3 2023, the fund opened 108 new positions and exited 35.

Portfolio Metrics

Turnover
+33.6%
vs prior filed quarter
Top-10 Concentration
+33.2%
share of reported value
Largest Position
+4.2%
Microsoft
New / Exited
108 / 35
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: 86.0%ETP: 6.8%ADR: 3.9%Other: 2.7%Closed-End Fund: 0.5%NY Reg Shrs: 0.0%
  • Common Stock · 86.0% · $303M
  • ETP · 6.8% · $24M
  • ADR · 3.9% · $14M
  • Other · 2.7% · $10M
  • Closed-End Fund · 0.5% · $2M
  • NY Reg Shrs · 0.0% · $116,399

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CMCanadian Imperial Bank of CommerceNEW+188.7K188.7K+$12M$12M
COSTCostco Wholesale CorpNEW+14.4K14.4K+$9M$9M
INTCIntel CorpNEW+156.0K156.0K+$8M$8M
Eaton Corp PLCNEW+30.5K30.5K+$7M$7M
IBMInternational Business Machines CorpNEW+43.5K43.5K+$7M$7M
AEMAgnico Eagle Mines LtdNEW+82.8K82.8K+$6M$6M
KMIKinder Morgan IncNEW+341.6K341.6K+$6M$6M
GDGeneral Dynamics CorpNEW+21.5K21.5K+$6M$6M

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

Holdings — Q4 2023

176 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →Common4.15%$15M39.0K
2NVDANVIDIA Corphistory →Common3.72%$13M26.5K
3AVGOBroadcom Inchistory →Common3.66%$13M11.6K
4CNQCanadian Natural Resources Ltdhistory →Common3.50%$12M142.8K
5CMCanadian Imperial Bank of Commercehistory →Common3.41%$12M188.7K
6LLYEli Lilly & Cohistory →Common3.23%$11M19.6K
7JPMJPMorgan Chase & Cohistory →Common3.06%$11M63.8K
8STNStantec Inchistory →Common2.96%$10M98.2K
9TDToronto-Dominion Bank/Thehistory →Common2.85%$10M119.0K
10COSTCostco Wholesale Corphistory →Common2.69%$9M14.4K
11IMOImperial Oil Ltdhistory →Common2.66%$9M124.1K
12VVisa Inchistory →Common2.63%$9M35.7K
13TECKTeck Resources Ltdhistory →Common2.60%$9M163.7K
14PGRProgressive Corp/Thehistory →Common2.37%$8M52.7K
15QSRRestaurant Brands International Inchistory →Common2.36%$8M80.1K
16SUSuncor Energy Inchistory →Common2.27%$8M188.8K
17INTCIntel Corphistory →Common2.22%$8M156.0K
18RGAReinsurance Group of America Inchistory →Common2.21%$8M48.4K
19RIORio Tinto PLChistory →Common2.11%$7M99.8K
20Eaton Corp PLCCommon2.08%$7M30.5K
21IBMInternational Business Machines Corphistory →Common2.00%$7M43.5K
22METAMeta Platforms Inchistory →Common1.71%$6M17.0K
23AEMAgnico Eagle Mines Ltdhistory →Common1.70%$6M82.8K
24KMIKinder Morgan Inchistory →Common1.68%$6M341.6K
25GDGeneral Dynamics Corphistory →Common1.57%$6M21.5K
26SHOPShopify Inchistory →Common1.51%$5M51.5K
27AMZNAmazon.com Inchistory →Common1.15%$4M26.8K
28VRTXVertex Pharmaceuticals Inchistory →Common1.09%$4M9.5K
29MCKMcKesson Corphistory →Common1.07%$4M8.2K
30HWMHowmet Aerospace Inchistory →Common1.07%$4M69.9K
31CCJCameco Corphistory →Common1.07%$4M65.8K
32BRBRBellRing Brands IncCommon0.99%$3M62.8K
33BWXTBWX Technologies IncCommon0.98%$3M45.2K
34GOOGLAlphabet IncCommon0.96%$3M24.2K
35ADBEAdobe IncCommon0.88%$3M5.2K
36AGIAlamos Gold IncCommon0.83%$3M165.2K
37KGCKinross Gold CorpCommon0.76%$3M336.4K
38BMOBank of MontrealCommon0.75%$3M20.2K
39RYRoyal Bank of CanadaCommon0.74%$3M19.6K
40Thomson Reuters CorpCommon0.70%$2M12.8K
41PANWPalo Alto Networks IncCommon0.64%$2M7.7K
42BACBank of America CorpCommon0.62%$2M64.6K
43NKENIKE IncCommon0.60%$2M19.5K
44LULULululemon Athletica IncCommon0.58%$2M4.0K
45CCitigroup IncCommon0.55%$2M38.0K
46WW6WW International IncCommon0.55%$2M220.3K
47CRCrane CoCommon0.53%$2M15.7K
48UBERUber Technologies IncCommon0.51%$2M29.3K
49BRK/BBerkshire Hathaway IncCommon0.51%$2M5.0K
50AXONAxon Enterprise IncCommon0.49%$2M6.8K
51NOWServiceNow IncCommon0.49%$2M2.4K
52RCIRogers Communications IncCommon0.41%$1M23.3K
53ELFelf Beauty IncCommon0.38%$1M9.2K
54TTWOTake-Two Interactive Software IncCommon0.37%$1M8.0K
55FCXFreeport-McMoRan IncCommon0.36%$1M29.8K
56Celestica IncCommon0.34%$1M30.7K
57Elbit Systems LtdCommon0.28%$993,1054.7K
58TFI International IncCommon0.28%$991,3205.5K
59MFCManulife Financial CorpCommon0.28%$989,66433.8K
60GIBCGI IncCommon0.27%$965,2606.8K
61Sprott Physical Gold TrustETP0.27%$962,17260.4K
62IJJiShares S&P Mid-Cap 400 Value ETFETP0.27%$946,5328.3K
63DSGXDescartes Systems Group Inc/TheCommon0.27%$946,3058.5K
64COPXGlobal X Copper Miners ETFETP0.25%$873,75023.3K
65WCNWaste Connections IncCommon0.25%$870,5844.4K
66Amplify Junior Silver Miners ETFETP0.25%$870,00087.0K
67PAVEGlobal X US Infrastructure Development ETFETP0.24%$837,37824.3K
68RDVYFirst Trust Rising Dividend Achievers ETFETP0.24%$832,40416.1K
69ILFiShares Latin America 40 ETFETP0.24%$831,11628.6K
70XARSPDR S&P Aerospace & Defense ETFETP0.23%$826,0626.1K
71SNOWSnowflake IncCommon0.23%$825,4524.1K
72VISVanguard Industrials ETFETP0.23%$819,3383.7K
73SPDR S&P Capital Markets ETFETP0.23%$815,7748.0K
74Pacer US Small Cap Cash Cows 100 ETFETP0.23%$806,90416.8K
75RMBSRambus IncCommon0.22%$791,70011.6K
76VOOVVanguard S&P 500 Value ETFETP0.22%$772,6164.6K
77COWZPacer US Cash Cows 100 ETFETP0.21%$753,85514.5K
78Sprott Physical Silver TrustETP0.21%$749,82492.8K
79ITBiShares U.S. Home Construction ETFETP0.20%$712,1107.0K
80Amplify Cybersecurity ETFETP0.20%$691,09011.4K
81SLXVanEck Steel ETFETP0.19%$685,9259.3K
82PICKiShares MSCI Global Metals & Mining Producers ETFETP0.19%$680,50615.8K
83SLFSun Life Financial IncCommon0.19%$674,1439.8K
84FXZFirst Trust Materials AlphaDEX FundETP0.18%$648,2249.4K
85EPIWisdomTree India Earnings FundETP0.18%$643,70015.7K
86EWJiShares MSCI Japan ETFETP0.18%$636,2699.9K
87XMESPDR S&P Metals & Mining ETFETP0.18%$628,21510.5K
88AIRRFirst Trust RBA American Industrial Renaissance ETFETP0.17%$613,10410.6K
89SDVYFirst Trust SMID Cap Rising Dividend Achievers ETFETP0.17%$606,24518.5K
90BLOKAmplify Transformational Data Sharing ETFETP0.16%$579,09019.4K
91XOPSPDR S&P Oil & Gas Exploration & Production ETFETP0.16%$561,3314.1K
92EWZiShares MSCI Brazil ETFETP0.16%$555,86415.9K
93FEZSPDR EURO STOXX 50 ETFETP0.16%$549,81511.5K
94AMLPAlerian MLP ETFETP0.15%$535,87412.9K
95FXRFirst Trust Industrials/Producer Durables AlphaDEX FundETP0.15%$531,8528.2K
96WOODiShares Global Timber & Forestry ETFETP0.15%$528,4506.5K
97SOXXiShares Semiconductor ETFETP0.15%$521,371905
98GDXVanEck Gold Miners ETF/USAETP0.14%$499,26116.1K
99GDXJVanEck Junior Gold Miners ETFETP0.14%$496,62113.1K
100URAGlobal X Uranium ETFETP0.13%$465,19216.8K

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 ↗.