SEC 13F Intelligence

Managers / Q4 2025 · view latest →

BAROMETER CAPITAL MANAGEMENT INC.

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

Reported Value
$415M
Q4 2025
Positions
131
Filings on Record
30
2019–present window
Filed
Feb 12, 2026
original filing

Summary

Barometer Capital Management Inc. reported $415M in U.S.-listed holdings across 131 positions for Q4 2025.

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

Compared with Q3 2025, the fund opened 0 new positions and exited 42.

Portfolio Metrics

Turnover
+67.5%
vs prior filed quarter
Top-10 Concentration
+35.8%
share of reported value
Largest Position
+4.7%
Kinross Gold

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
ADR: 38.2%Common Stock: 30.1%ETP: 28.3%NY Reg Shrs: 3.2%Closed-End Fund: 0.1%
  • ADR · 38.2% · $159M
  • Common Stock · 30.1% · $125M
  • ETP · 28.3% · $118M
  • NY Reg Shrs · 3.2% · $13M
  • Closed-End Fund · 0.1% · $595,130

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASMLFKinross Gold CorpADDED+505.1K505.3K+$19M$20M
ITABanco Santander SAADDED+1.57M1.57M+$18M$18M
MTHudbay Minerals IncADDED+477.7K482.0K+$13M$13M
NFLXGrupo Televisa SABADDED+359.3K362.8K−$3M$1M
SAPWipro LtdADDED+181.9K184.1K−$64,968$509,534
OMABHowmet Aerospace IncADDED+61.8K63.3K+$13M$13M
BEKECia Siderurgica Nacional SAADDED+293.1K300.9K+$332,347$481,440
CRTOCosan SAADDED+132.9K137.8K+$434,293$544,310

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

Holdings — Q4 2025

131 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ASMLFKinross Gold Corphistory →Common4.70%$20M505.3K
2ITABanco Santander SAhistory →Common4.43%$18M1.57M
3BBVARoyal Bank of Canadahistory →Common3.88%$16M69.4K
4GFIAlphabet Inchistory →Common3.59%$15M47.6K
5DGROMorgan Stanleyhistory →Common3.33%$14M78.4K
6BVNCaterpillar Inchistory →Common3.27%$14M23.8K
7HSBCJPMorgan Chase & Cohistory →Common3.21%$13M41.6K
8MTHudbay Minerals Inchistory →Common3.16%$13M482.0K
9OMABHowmet Aerospace Inchistory →Common3.12%$13M63.3K
10IDVNVIDIA Corphistory →Common3.08%$13M68.5K
11AIALam Research Corphistory →Common3.04%$13M73.7K
12AUCanadian Imperial Bank of Commercehistory →Common2.97%$12M99.1K
13IHGEli Lilly & Cohistory →Common2.96%$12M11.5K
14BMOApple Inchistory →Common2.82%$12M43.0K
15EWPRio Tinto PLChistory →Common2.80%$12M145.3K
16AVGOBroadcom Inchistory →Common2.79%$12M33.5K
17SANWheaton Precious Metals Corphistory →Common2.77%$12M71.4K
18ASNDImperial Oil Ltdhistory →Common2.61%$11M91.4K
19COPXGeneral Electric Cohistory →Common2.46%$10M33.2K
20AADRAgnico Eagle Mines Ltdhistory →Common2.42%$10M43.2K
21EWTRTX Corphistory →Common2.15%$9M48.6K
22AEMAlamos Gold Inchistory →Common2.15%$9M168.2K
23CCUCia de Minas Buenaventura SAAhistory →Common1.78%$7M265.7K
24GOOGLCelestica Inchistory →Common1.73%$7M17.7K
25BMASuncor Energy Inchistory →Common1.68%$7M114.8K
26EDUUnity Software Inchistory →Common1.29%$5M121.7K
27DAVAEmbraer SAhistory →Common1.24%$5M80.2K
28BIDUPan American Silver Corphistory →Common1.21%$5M70.7K
29MFGTesla Inchistory →Common1.20%$5M11.1K
30GEVGeneral Dynamics Corphistory →Common1.17%$5M14.5K
31GDS Holdings LtdCommon1.07%$4M127.2K
32MSFTTeva Pharmaceutical Industries LtdCommon1.00%$4M132.5K
33ETHEHarmony Gold Mining Co LtdCommon0.63%$3M130.5K
34NWGTake-Two Interactive Software IncCommon0.53%$2M8.5K
35RYWoodside Energy Group LtdCommon0.52%$2M139.8K
36XPeng IncCommon0.50%$2M103.0K
37JPMSea LtdCommon0.45%$2M14.5K
38CATBarclays PLCCommon0.43%$2M69.5K
39LITGold Fields LtdCommon0.34%$1M32.5K
40CCJBanco Bradesco SACommon0.32%$1M404.9K
41CMBanco Bilbao Vizcaya Argentaria SACommon0.32%$1M56.9K
42MUXSociedad Quimica y Minera de Chile SACommon0.31%$1M18.8K
43CLSBaidu IncCommon0.31%$1M9.7K
44Daqo New Energy CorpCommon0.30%$1M42.9K
45SBSGrupo Cibest SACommon0.29%$1M19.2K
46NVDAUBS Group AGCommon0.29%$1M26.2K
47BEArgenx SECommon0.29%$1M1.4K
48TVInterContinental Hotels Group PLCCommon0.29%$1M8.5K
49BABABank of Nova Scotia/TheCommon0.28%$1M11.5K
50ESGEMitsubishi UFJ Financial Group IncCommon0.27%$1M71.2K
51ILFNatWest Group PLCCommon0.27%$1M63.2K
52CSANCRH PLCCommon0.27%$1M8.8K
53RELXVodafone Group PLCCommon0.27%$1M83.4K
54MSTaiwan Semiconductor Manufacturing Co LtdCommon0.26%$1M3.6K
55GDSFutu Holdings LtdCommon0.26%$1M6.5K
56NFLXGrupo Televisa SABCommon0.25%$1M362.8K
57EEMPampa Energia SACommon0.25%$1M11.9K
58MUFGTencent Music Entertainment GroupCommon0.25%$1M59.7K
59PAASVale SACommon0.25%$1M78.2K
60Manulife Financial CorpCommon0.24%$999,00020.0K
61EMBJNew Oriental Education & Technology Group IncCommon0.24%$996,04318.1K
62IMOKorea Electric Power CorpCommon0.23%$947,10057.4K
63URAGenmab A/SCommon0.23%$942,48030.6K
64BNAlibaba Group Holding LtdCommon0.23%$938,1126.4K
65JDCia de Saneamento Basico do Estado de Sao Paulo SABESPCommon0.23%$938,06839.3K
66HOODWeibo CorpCommon0.22%$913,66889.4K
67SILGalapagos NVCommon0.22%$905,79027.7K
68Fresenius Medical Care AGCommon0.21%$883,72237.1K
69EAEcopetrol SACommon0.21%$875,74887.4K
70SIMOYPF SACommon0.21%$871,45624.1K
71LNGBanco Macro SACommon0.21%$853,4119.5K
72SITMZai Lab LtdCommon0.20%$836,13647.4K
73RTXWoori Financial Group IncCommon0.20%$828,93914.1K
74HBMKB Financial Group IncCommon0.19%$808,7769.4K
75PSOTelefonica Brasil SACommon0.18%$766,15664.6K
76CRHCriteo SACommon0.18%$741,96036.0K
77AGIBank of MontrealCommon0.17%$710,8274.0K
78MOMOJD.com IncCommon0.17%$700,28024.4K
79BPAscendis Pharma A/SCommon0.17%$697,2953.3K
80LUSphere Entertainment CoCommon0.16%$665,5607.0K
81EUFNSprott Physical Gold TrustETP0.16%$653,79619.8K
82SSLWPP PLCCommon0.15%$619,89627.6K
83JOFSAP SECommon0.14%$595,1302.5K
84SIDSprott Junior Copper Miners ETFETP0.14%$585,42114.9K
85FUTUFirst Trust Japan AlphaDEX FundETP0.14%$584,4238.7K
86EWSRELX PLCCommon0.14%$578,00614.3K
87HWMJapan Smaller Capitalization Fund IncETP0.14%$572,73052.1K
88CSCOGlobal X Copper Miners ETFETP0.14%$567,1417.9K
89ECWisdomTree Japan Hedged Equity FundETP0.14%$562,2243.9K
90CIBiShares U.S. Broker-Dealers & Securities Exchanges ETFETP0.13%$556,0473.1K
91KBSprott Gold Miners ETFETP0.13%$550,0777.9K
92XLFiShares MSCI Europe Financials ETFETP0.13%$548,93214.8K
93EWWSprott Physical Silver TrustETP0.13%$548,68023.2K
94FIGiShares ESG Aware MSCI EM ETFETP0.13%$547,70812.4K
95CRTOCosan SACommon0.13%$544,310137.8K
96DQEndava PLCCommon0.13%$539,09685.3K
97ENICWisdomTree India Earnings FundETP0.12%$518,44811.2K
98METASasol LtdCommon0.12%$517,54579.5K
99GMABVanEck Junior Gold Miners ETFETP0.12%$512,0104.5K
100SAPWipro LtdCommon0.12%$509,534184.1K

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 ↗.