SEC 13F Intelligence

Managers / Q3 2025 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$437M
Q3 2025
Positions
174
Filings on Record
30
2019–present window
Filed
Nov 13, 2025
original filing

Summary

Barometer Capital Management Inc. reported $437M in U.S.-listed holdings across 174 positions for Q3 2025.

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

Compared with Q2 2025, the fund opened 35 new positions and exited 40.

Portfolio Metrics

Turnover
+24.2%
vs prior filed quarter
Top-10 Concentration
+36.1%
share of reported value
Largest Position
+4.4%
Agnico Eagle Mines
New / Exited
35 / 40
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: $492MQ4 ’20: $534MQ1 ’21: $603MQ1 ’21Q2 ’21: $523MQ3 ’21: $518MQ4 ’21: $595MQ1 ’22: $550MQ1 ’22Q2 ’22: $244MQ3 ’22: $242MQ1 ’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: 76.3%ADR: 20.3%ETP: 3.3%Closed-End Fund: 0.1%NY Reg Shrs: 0.0%
  • Common Stock · 76.3% · $334M
  • ADR · 20.3% · $89M
  • ETP · 3.3% · $15M
  • Closed-End Fund · 0.1% · $444,032
  • NY Reg Shrs · 0.0% · $154,325

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AEMAgnico Eagle Mines LtdNEW+82.3K82.3K+$19M$19M
AGIAlamos Gold IncNEW+301.0K301.0K+$15M$15M
GOOGLAlphabet IncNEW+54.1K54.1K+$13M$13M
SUSuncor Energy IncNEW+159.1K159.1K+$9M$9M
CLSCelestica IncNEW+24.0K24.0K+$8M$8M
PAASPan American Silver CorpNEW+131.3K131.3K+$7M$7M
CATCaterpillar IncNEW+12.4K12.4K+$6M$6M
EAElectronic Arts IncNEW+22.3K22.3K+$5M$5M

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

Holdings — Q3 2025

173 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEMAgnico Eagle Mines Ltdhistory →Common4.41%$19M82.3K
2BMOBank of Montrealhistory →Common4.08%$18M99.5K
3CCJCameco Corphistory →Common3.97%$17M148.7K
4SANBanco Santander SAhistory →Common3.95%$17M1.67M
5IMOImperial Oil Ltdhistory →Common3.63%$16M125.9K
6AGIAlamos Gold Inchistory →Common3.34%$15M301.0K
7GEVGE Vernova Inchistory →Common3.22%$14M22.9K
8NVDANVIDIA Corphistory →Common3.19%$14M74.7K
9HWMHowmet Aerospace Inchistory →Common3.17%$14M70.6K
10HBMHudbay Minerals Inchistory →Common3.10%$14M642.9K
11GOOGLAlphabet Inchistory →Common3.01%$13M54.1K
12WPMWheaton Precious Metals Corphistory →Common3.00%$13M84.2K
13JPMJPMorgan Chase & Cohistory →Common2.96%$13M41.3K
14METAMeta Platforms Inchistory →Common2.61%$11M15.6K
15General Electric CoCommon2.38%$10M34.5K
16RYRoyal Bank of Canadahistory →Common2.26%$10M48.6K
17SUSuncor Energy Inchistory →Common2.12%$9M159.1K
18MSFTMicrosoft Corphistory →Common2.05%$9M17.3K
19MSMorgan Stanleyhistory →Common1.93%$8M53.4K
20CLSCelestica Inchistory →Common1.88%$8M24.0K
21LNGCheniere Energy Inchistory →Common1.63%$7M30.3K
22RTXRTX Corphistory →Common1.63%$7M42.5K
23PAASPan American Silver Corphistory →Common1.62%$7M131.3K
24STNStantec Inchistory →Common1.61%$7M47.0K
25CATCaterpillar Inchistory →Common1.35%$6M12.4K
26SESea Ltdhistory →Common1.31%$6M32.0K
27UUnity Software Inchistory →Common1.21%$5M131.7K
28LRCXLam Research Corphistory →Common1.08%$5M35.2K
29EMBJEmbraer SAhistory →Common1.07%$5M77.2K
30EAElectronic Arts Inchistory →Common1.03%$5M22.3K
31AVGOBroadcom IncCommon0.99%$4M13.1K
32CSCOCisco Systems IncCommon0.97%$4M62.6K
33ENBEnbridge IncCommon0.97%$4M60.3K
34NFLXNetflix IncCommon0.96%$4M3.5K
35TLKTelkom Indonesia Persero Tbk PTCommon0.96%$4M223.2K
36GDSGDS Holdings LtdCommon0.83%$4M93.6K
37TTWOTake-Two Interactive Software IncCommon0.75%$3M12.6K
38KGCKinross Gold CorpCommon0.68%$3M86.0K
39HMYHarmony Gold Mining Co LtdCommon0.51%$2M122.5K
40VRNAVerona Pharma PLCCommon0.48%$2M19.5K
41AXONAxon Enterprise IncCommon0.46%$2M2.8K
42BVNCia de Minas Buenaventura SAACommon0.45%$2M80.9K
43WDSWoodside Energy Group LtdCommon0.44%$2M129.3K
44XPEVXPeng IncCommon0.44%$2M82.8K
45BCSBarclays PLCCommon0.36%$2M77.2K
46GFIGold Fields LtdCommon0.35%$2M36.3K
47ZLABZai Lab LtdCommon0.32%$1M41.9K
48FUTUFutu Holdings LtdCommon0.31%$1M7.7K
49SITMSiTime CorpCommon0.30%$1M4.3K
50BIDUBaidu IncCommon0.29%$1M9.7K
51BEBloom Energy CorpCommon0.29%$1M15.0K
52Sprott Physical Gold TrustETP0.28%$1M36.2K
53TMETencent Music Entertainment GroupCommon0.28%$1M52.7K
54TSMTaiwan Semiconductor Manufacturing Co LtdCommon0.28%$1M4.4K
55BBVABanco Bilbao Vizcaya Argentaria SACommon0.28%$1M63.8K
56BBDBanco Bradesco SACommon0.27%$1M357.6K
57AUAnglogold Ashanti PlcCommon0.26%$1M15.9K
58NWGNatWest Group PLCCommon0.25%$1M77.7K
59IHGInterContinental Hotels Group PLCCommon0.25%$1M8.8K
60DQDaqo New Energy CorpCommon0.24%$1M37.9K
61BNBrookfield CorpCommon0.23%$1M16.1K
62HSBCHSBC Holdings PLCCommon0.23%$1M14.5K
63SMFGSumitomo Mitsui Financial Group IncCommon0.23%$1M60.1K
64WBWeibo CorpCommon0.22%$978,36078.9K
65Galapagos NVCommon0.22%$956,65327.6K
66ENICEnel Chile SACommon0.22%$954,614245.4K
67GMABGenmab A/SCommon0.22%$948,83830.9K
68KBKB Financial Group IncCommon0.22%$940,44911.3K
69UBSUBS Group AGCommon0.21%$934,34922.8K
70MUFGMitsubishi UFJ Financial Group IncCommon0.21%$932,49058.5K
71IBITiShares Bitcoin Trust ETFETP0.21%$903,50013.9K
72KEPKorea Electric Power CorpCommon0.20%$883,68167.7K
73FMSFresenius Medical Care AGCommon0.20%$863,62432.8K
74TVGrupo Televisa SABCommon0.20%$861,876320.4K
75HOODRobinhood Markets IncCommon0.20%$859,0806.0K
76VODVodafone Group PLCCommon0.20%$853,76073.6K
77EDUNew Oriental Education & Technology Group IncCommon0.19%$849,12016.0K
78SBSCia de Saneamento Basico do Estado de Sao Paulo SABESPCommon0.19%$838,79333.7K
79FCXFreeport-McMoRan IncCommon0.19%$830,05521.2K
80CRHCRH PLCCommon0.18%$797,3356.7K
81ASNDAscendis Pharma A/SCommon0.18%$776,1553.9K
82JDJD.com IncCommon0.17%$755,56821.6K
83QFINQfin Holdings IncCommon0.17%$752,25226.1K
84VALEVale SACommon0.17%$750,42669.1K
85VIVTelefonica Brasil SACommon0.17%$725,56457.1K
86SQMSociedad Quimica y Minera de Chile SACommon0.16%$713,46816.6K
87ECEcopetrol SACommon0.16%$711,01277.2K
88BNSBank of Nova Scotia/TheCommon0.16%$698,7867.9K
89WFWoori Financial Group IncCommon0.16%$696,26012.4K
90FIGFigma IncCommon0.16%$684,68413.2K
91ETHEGrayscale Ethereum Trust ETFETP0.15%$637,42218.6K
92PAMPampa Energia SACommon0.14%$630,63010.5K
93RELXRELX PLCCommon0.14%$601,77612.6K
94WPPWPP PLCCommon0.14%$598,20824.4K
95MUXMcEwen IncCommon0.14%$596,25025.0K
96LULufax Holding LtdCommon0.13%$582,610143.5K
97Sprott Physical Silver TrustETP0.13%$580,90037.0K
98XMEState Street SPDR S&P Metals & Mining ETFETP0.13%$577,7786.2K
99SAPSAP SECommon0.13%$574,5022.1K
100CSANCosan SACommon0.13%$559,820121.7K

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$242M64Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$244M70Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$550M115May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$595M121Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$518M136Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$523M129Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$603M161May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$534M149Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$492M126Nov 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 ↗.