SEC 13F Intelligence

Managers / Q2 2025 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$362M
Q2 2025
Positions
180
Filings on Record
30
2019–present window
Filed
Aug 14, 2025
original filing

Summary

Barometer Capital Management Inc. reported $362M in U.S.-listed holdings across 180 positions for Q2 2025.

Its largest position, BMO, represents 4.4% of the portfolio.

Compared with Q1 2025, the fund opened 68 new positions and exited 36.

Portfolio Metrics

Turnover
+41.3%
vs prior filed quarter
Top-10 Concentration
+36.2%
share of reported value
Largest Position
+4.4%
Bank Of Montreal
New / Exited
68 / 36
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: 78.1%ADR: 16.1%ETP: 4.8%Closed-End Fund: 0.5%Other: 0.4%Other: 0.0%
  • Common Stock · 78.1% · $283M
  • ADR · 16.1% · $58M
  • ETP · 4.8% · $18M
  • Closed-End Fund · 0.5% · $2M
  • Other · 0.4% · $2M
  • Other · 0.0% · $134,816

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GEVGE Vernova IncNEW+26.3K26.3K+$14M$14M
IMOImperial Oil LtdNEW+108.8K108.8K+$12M$12M
NVDANVIDIA CorpNEW+74.6K74.6K+$12M$12M
CCOCameco CorpNEW+115.7K115.7K+$12M$12M
NTRNutrien LtdNEW+140.5K140.5K+$11M$11M
DRIDarden Restaurants IncNEW+48.2K48.2K+$10M$10M
General Electric CoNEW+36.5K36.5K+$9M$9M
MSFTMicrosoft CorpNEW+18.2K18.2K+$9M$9M

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

Holdings — Q2 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BMOBank of Montrealhistory →Common4.36%$16M105.6K
2HWMHowmet Aerospace Inchistory →Common4.28%$15M83.2K
3SANBanco Santander SAhistory →Common4.03%$15M1.76M
4GEVGE Vernova Inchistory →Common3.84%$14M26.3K
5JPMJPMorgan Chase & Cohistory →Common3.46%$13M43.4K
6METAMeta Platforms Inchistory →Common3.27%$12M16.0K
7IMOImperial Oil Ltdhistory →Common3.26%$12M108.8K
8NVDANVIDIA Corphistory →Common3.26%$12M74.6K
9CCOCameco Corphistory →Common3.24%$12M115.7K
10EXEExpand Energy Corphistory →Common3.19%$12M98.8K
11NTRNutrien Ltdhistory →Common3.08%$11M140.5K
12LNGCheniere Energy Inchistory →Common3.03%$11M45.1K
13DRIDarden Restaurants Inchistory →Common2.88%$10M48.2K
14VVisa Inchistory →Common2.86%$10M29.1K
15General Electric CoCommon2.59%$9M36.5K
16MSFTMicrosoft Corphistory →Common2.50%$9M18.2K
17RYRoyal Bank of Canadahistory →Common2.48%$9M50.3K
18WPMWheaton Precious Metals Corphistory →Common2.28%$8M67.3K
19DWDMorgan Stanleyhistory →Common2.09%$8M54.0K
20STNStantec Inchistory →Common1.90%$7M46.4K
21CSCOCisco Systems Inchistory →Common1.80%$7M94.6K
22RTXRTX Corphistory →Common1.80%$7M44.6K
23CRCCanadian Natural Resources Ltdhistory →Common1.77%$6M150.0K
24AXONAxon Enterprise Inchistory →Common1.55%$6M6.8K
25NFLXNetflix Inchistory →Common1.53%$6M4.1K
26EMBJEmbraer SAhistory →Common1.45%$5M91.9K
27SESea Ltdhistory →Common1.21%$4M27.3K
28CRWDCrowdstrike Holdings Inchistory →Common1.11%$4M7.9K
29LRCXLam Research Corphistory →Common1.03%$4M38.3K
30UUnity Software IncCommon0.99%$4M148.0K
31GFLGFL Environmental IncCommon0.95%$3M50.3K
32SITMSiTime CorpCommon0.93%$3M15.7K
33FCXFreeport-McMoRan IncCommon0.91%$3M76.1K
34ENBEnbridge IncCommon0.82%$3M48.3K
35BSXBoston Scientific CorpCommon0.80%$3M27.1K
36KGCKinross Gold CorpCommon0.58%$2M98.5K
37AVGOBroadcom IncCommon0.56%$2M7.4K
38TTWOTake-Two Interactive Software IncCommon0.54%$2M8.1K
39Telkom Indonesia Persero Tbk PTCommon0.52%$2M110.2K
40TRPTC Energy CorpCommon0.51%$2M27.5K
41HBMHudbay Minerals IncCommon0.49%$2M123.5K
42GDSGDS Holdings LtdCommon0.44%$2M52.6K
43CMECME Group IncCommon0.42%$2M5.5K
44BNBrookfield CorpCommon0.41%$1M17.4K
45WOPWoodside Energy Group LtdCommon0.32%$1M75.3K
46HAMHarmony Gold Mining Co LtdCommon0.30%$1M77.3K
47VRNAVerona Pharma PLCCommon0.29%$1M11.0K
48BCSBarclays PLCCommon0.26%$926,86250.3K
49XPEVXPeng IncCommon0.23%$833,20846.6K
50ZLABZai Lab LtdCommon0.23%$825,29223.6K

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 ↗.