Barometer Capital Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Barometer Capital Management Inc. reported 173 stock positions worth $385.5 million. Its top holding was Imperial Oil (IMO) at 3.9% of the portfolio, followed by Canadian Natural Resources (CNQ, 3.8%) and Thomson Reuters (TRI, 3.5%). Compared with Q4 2023, it opened 25 new positions, sold out of 29, added to 96 and reduced 49. The biggest buy was Thomson Reuters (TRI, shares +406%) and the biggest sale an exit from Toronto-Dominion Bank (TD).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001536890
- Portfolio Value
- $385.5M (Q1 2024)
- SEC Filing
- 0001104659-24-058519 ↗ filed May 8, 2024
Holdings Value
Holdings 173 stocks · $385.5M
| IMO Imperial Oil Ltd. | 3.89% | 158,580 | $15.0M | Add +27.7% |
| CNQ Canadian Natural Resources | 3.85% | 142,120 | $14.8M | Reduce -0.5% |
| TRI Thomson Reuters Corp. | 3.49% | 64,710 | $13.5M | Add +405.6% |
| LLY Eli Lilly & Co. | 3.39% | 16,743 | $13.1M | Reduce -14.4% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 3.32% | 199,211 | $12.8M | Add +5.6% |
| NVDA Nvidia Corp. | 3.31% | 14,758 | $12.8M | Reduce -44.3% |
| MSFT Microsoft Corp. | 3.12% | 30,875 | $12.0M | Reduce -20.8% |
| AVGO Broadcom Inc. | 2.96% | 8,770 | $11.4M | Reduce -24.2% |
| JPM JPMorgan Chase & Co. | 2.93% | 58,917 | $11.3M | Reduce -7.7% |
| AEM Agnico Eagle Mines Ltd. | 2.76% | 122,140 | $10.6M | Add +47.6% |
| STN Stantec Inc. | 2.74% | 95,320 | $10.5M | Reduce -2.9% |
| COST Costco Wholesale Corp. | 2.65% | 14,136 | $10.2M | Reduce -1.9% |
| PGR Progressive Corp. | 2.62% | 48,583 | $10.1M | Reduce -7.8% |
| ETN Eaton Corp. PLC | 2.62% | 31,772 | $10.1M | Add +4.1% |
| META Meta Platforms Inc. Class A | 2.52% | 22,604 | $9.7M | Add +32.8% |
| V Visa Inc. Class A | 2.39% | 34,321 | $9.2M | Reduce -3.8% |
| RGA Reinsurance Group of America | 2.12% | 43,710 | $8.2M | Reduce -9.7% |
| QSR Restaurant Brands Intern | 2.10% | 77,500 | $8.1M | Reduce -3.3% |
| CP Canadian Pacific Kansas City | 2.04% | 72,790 | $7.9M | New |
| ALL Allstate Corp. | 2.00% | 45,400 | $7.7M | New |
| C Citigroup Inc. | 1.94% | 122,910 | $7.5M | Add +223.4% |
| SU Suncor Energy Inc. | 1.92% | 141,050 | $7.4M | Reduce -25.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.80% | 41,751 | $6.9M | Reduce -4.0% |
| FCX Freeport-McMoran Inc. | 1.66% | 128,220 | $6.4M | Add +330.0% |
| SPG Simon Property Group Inc. | 1.45% | 39,750 | $5.6M | New |
| GD General Dynamics Corp. | 1.37% | 18,406 | $5.3M | Reduce -14.3% |
| SYK Stryker Corp. | 1.28% | 14,715 | $5.0M | New |
| BWXT BWX Technologies Inc. | 1.16% | 46,540 | $4.5M | Add +3.1% |
| AXON Axon Enterprise Inc. | 1.15% | 14,158 | $4.4M | Add +109.6% |
| MCK McKesson Corp. | 1.11% | 7,995 | $4.3M | Reduce -2.0% |
| SHOP Shopify Inc. Class A | 1.10% | 43,530 | $4.2M | Reduce -15.5% |
| VMC Vulcan Materials Co. | 1.10% | 16,392 | $4.2M | New |
| TECK Teck Resources Ltd.-CLS B | 1.05% | 59,730 | $4.0M | Reduce -63.5% |
| VRTX Vertex Pharmaceuticals Inc. | 1.00% | 9,827 | $3.9M | Add +3.6% |
| U Unity Software Inc. | 0.99% | 158,022 | $3.8M | New |
| BRBR Bellring Brands Inc. | 0.92% | 64,440 | $3.6M | Add +2.6% |
| AMZN Amazon.com Inc. | 0.86% | 19,045 | $3.3M | Reduce -28.9% |
| HWM Howmet Aerospace Inc. | 0.86% | 49,840 | $3.3M | Reduce -28.7% |
| RY Royal Bank of Canada | 0.70% | 20,301 | $2.7M | Add +3.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.65% | 20,389 | $2.5M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.62% | 64,500 | $2.4M | Reduce -0.1% |
| WCN Waste Connections Inc. | 0.59% | 10,220 | $2.3M | Add +132.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.55% | 19,200 | $2.1M | New |
| CR Crane Co. | 0.55% | 15,200 | $2.1M | Reduce -3.2% |
| NOW ServiceNow Inc. | 0.55% | 3,034 | $2.1M | Add +24.7% |
| TFII Tfi International Inc. | 0.52% | 11,100 | $2.0M | Add +101.8% |
| CLS Celestica Inc. | 0.46% | 29,800 | $1.8M | Reduce -2.9% |
| UBER Uber Technologies Inc. | 0.45% | 26,280 | $1.7M | Reduce -10.3% |
| MFC Manulife Financial Corp. | 0.35% | 41,700 | $1.3M | Add +23.4% |
| ELF Elf Beauty Inc. | 0.34% | 8,059 | $1.3M | Reduce -12.1% |
| OC Owens Corning | 0.28% | 6,500 | $1.1M | New |
| GIB Cgi Inc. | 0.26% | 7,300 | $1.0M | Add +7.3% |
| DSGX The Descartes Systems Grp | 0.26% | 7,800 | $996K | Reduce -8.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.24% | 8,400 | $933K | Add +1.2% |
| COPX Global X Copper Miners ETF | 0.24% | 20,200 | $925K | Reduce -13.3% |
| GDX Vaneck Gold Miners ETF | 0.24% | 27,550 | $913K | Add +71.1% |
| PHYS Sprott Physical Gold Trust | 0.24% | 51,250 | $907K | Reduce -15.2% |
| VIS Vanguard Industrials ETF | 0.23% | 3,795 | $888K | Add +2.1% |
| KCE SS SPDR S&P Cap MKTS ETF | 0.23% | 8,350 | $887K | Add +4.4% |
| GDXJ Vaneck Junior Gold Miners | 0.22% | 21,400 | $866K | Add +63.4% |
| IBIT iShares Bitcoin Trust ETF | 0.21% | 24,400 | $819K | New |
| DXCM Dexcom Inc. | 0.21% | 6,350 | $809K | New |
| RDVY First Trust Rising Dividend | 0.20% | 14,720 | $785K | Reduce -8.6% |
| PICK iShares MSCI Global Metals & | 0.20% | 18,200 | $777K | Add +15.2% |
| SDVY First Trust Smid Cap Rising | 0.20% | 23,500 | $770K | Add +27.0% |
| XME SS SPDR S&P Metals Mining | 0.20% | 12,900 | $765K | Add +22.9% |
| PAVE Global X US Infrastructure | 0.20% | 20,150 | $755K | Reduce -17.1% |
| XOP SS SPDR S&P Og Exp & Prod | 0.19% | 4,900 | $742K | Add +19.5% |
| COWZ Pacer US Cash Cows 100 ETF | 0.19% | 13,500 | $740K | Reduce -6.9% |
| FXZ First Trust Materials Alphad | 0.19% | 11,000 | $740K | Add +17.0% |
| FEZ State Street SPDR Euro Stoxx | 0.19% | 14,500 | $732K | Add +26.1% |
| ITB iShares U.S. Home Constructi | 0.19% | 7,050 | $732K | Add +0.7% |
| XLB SS Materials Select Sector | 0.19% | 8,200 | $727K | New |
| EWW iShares MSCI Mexico ETF | 0.19% | 10,900 | $714K | New |
| FXR First Trust Indst/Producers | 0.18% | 10,400 | $713K | Add +26.8% |
| WOOD iShares Global Timber & Fore | 0.18% | 9,000 | $712K | Add +38.5% |
| EPI Wisdomtree India Earnings | 0.18% | 15,600 | $704K | Reduce -0.6% |
| XLF SS Financial Select Sector | 0.18% | 17,300 | $698K | New |
| SLX Vaneck Steel ETF | 0.17% | 9,400 | $647K | Add +1.1% |
| KIE SS SPDR S&P Insurance ETF | 0.16% | 12,830 | $623K | Add +57.2% |
| PSLV Sprott Physical Silver Trust | 0.16% | 69,400 | $617K | Reduce -25.2% |
| AIRR First Trust Rba American Ind | 0.15% | 9,300 | $593K | Reduce -12.3% |
| BMA Banco Macro SA-ADR | 0.15% | 10,771 | $583K | Add +169.3% |
| EWJ iShares MSCI Japan ETF | 0.15% | 8,670 | $583K | Reduce -12.6% |
| GGAL Grupo Financiero Galicia-ADR | 0.15% | 17,584 | $570K | Add +162.4% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.15% | 12,400 | $569K | Reduce -26.2% |
| EXI iShares Global Industrials E | 0.15% | 4,200 | $566K | New |
| URA Global X Uranium ETF | 0.15% | 19,500 | $561K | Add +16.1% |
| VOOV Vanguard S&P 500 Value ETF | 0.14% | 3,200 | $553K | Reduce -30.4% |
| SLF Sun Life Financial Inc. | 0.14% | 7,604 | $534K | Reduce -22.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 3,493 | $480K | Add +191.1% |
| BLOK Amplify Blockchain Tech ETF | 0.12% | 15,500 | $478K | Reduce -20.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.12% | 1,588 | $465K | Add +13.4% |
| PUI Invesco Dorsey Wright Utilit | 0.12% | 13,500 | $458K | New |
| TCOM Trip.com Group Ltd.-ADR | 0.12% | 9,227 | $445K | Add +171.4% |
| XES SS SPDR S&P Og Eqp & Serv | 0.11% | 4,900 | $434K | Reduce -9.3% |
| NWG Natwest Group PLC -Spon ADR | 0.11% | 55,924 | $431K | Add +165.0% |
| ASND Ascendis Pharma A/S | 0.11% | 3,104 | $430K | Add +210.4% |
| CRTO Criteo SA-Spon | 0.11% | 12,168 | $426K | Add +158.9% |
| HMY Harmony Gold MNG-Spon ADR | 0.11% | 49,619 | $425K | Add +163.9% |
Portfolio Sells Q4 2023 → Q1 2024
| TD Toronto-Dominion Bank | Sold out | 0.00% | −2.85 |
| INTC Intel Corp. | Sold out | 0.00% | −2.22 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −2.11 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −1.68 |
| TECK Teck Resources Ltd.-CLS B | Reduce -63.5% | 1.05% | −1.55 |
| CCJ Cameco Corp. | Sold out | 0.00% | −1.07 |
| MSFT Microsoft Corp. | Reduce -20.8% | 3.12% | −1.04 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.95 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.88 |
| AGI Alamos Gold Inc. Class A | Reduce -97.5% | 0.02% | −0.81 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.76 |
| AVGO Broadcom Inc. | Reduce -24.2% | 2.96% | −0.70 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.64 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.60 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.58 |
| WGHTQ WW International Inc. | Sold out | 0.00% | −0.55 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.51 |
| RCI Rogers Communications Inc. Class B | Sold out | 0.00% | −0.41 |
| NVDA Nvidia Corp. | Reduce -44.3% | 3.31% | −0.41 |
| SHOP Shopify Inc. Class A | Reduce -15.5% | 1.10% | −0.41 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.37 |
| SU Suncor Energy Inc. | Reduce -25.3% | 1.92% | −0.35 |
| AMZN Amazon.com Inc. | Reduce -28.9% | 0.86% | −0.29 |
| ESLT Elbit Systems Ltd. | Sold out | 0.00% | −0.28 |
| QSR Restaurant Brands Intern | Reduce -3.3% | 2.10% | −0.26 |
| ETF MANAGERS TR | Sold out | 0.00% | −0.25 |
| V Visa Inc. Class A | Reduce -3.8% | 2.39% | −0.24 |
| XAR SS SPDR S&P Aerospace Def | Sold out | 0.00% | −0.23 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.23 |
| STN Stantec Inc. | Reduce -2.9% | 2.74% | −0.23 |
| RMBS Rambus Inc. | Sold out | 0.00% | −0.22 |
| HWM Howmet Aerospace Inc. | Reduce -28.7% | 0.86% | −0.21 |
| GD General Dynamics Corp. | Reduce -14.3% | 1.37% | −0.20 |
| IBM Intl Business Machines Corp. | Reduce -4.0% | 1.80% | −0.20 |
| ETF MANAGERS TR | Sold out | 0.00% | −0.20 |
| ILF iShares Latin America 40 ETF | Reduce -72.4% | 0.06% | −0.18 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.16 |
| AMLP Alerian MLP ETF | Reduce -92.1% | 0.01% | −0.14 |
| SOXX iShares Semiconductor ETF | Reduce -89.6% | 0.02% | −0.13 |
| JPM JPMorgan Chase & Co. | Reduce -7.7% | 2.93% | −0.13 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.12 |
| RGA Reinsurance Group of America | Reduce -9.7% | 2.12% | −0.09 |
| GUNR NT Mstar GLBL NR ETF | Sold out | 0.00% | −0.09 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -26.2% | 0.15% | −0.08 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -30.4% | 0.14% | −0.08 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -10.3% | 0.45% | −0.06 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.06 |
| PSLV Sprott Physical Silver Trust | Reduce -25.2% | 0.16% | −0.05 |
| SLF Sun Life Financial Inc. | Reduce -22.5% | 0.14% | −0.05 |
Portfolio Buys Q4 2023 → Q1 2024
| TRI Thomson Reuters Corp. | Add +405.6% | 3.49% | +2.79 |
| CP Canadian Pacific Kansas City | New | 2.04% | +2.04 |
| ALL Allstate Corp. | New | 2.00% | +2.00 |
| SPG Simon Property Group Inc. | New | 1.45% | +1.45 |
| C Citigroup Inc. | Add +223.4% | 1.94% | +1.39 |
| FCX Freeport-McMoran Inc. | Add +330.0% | 1.66% | +1.30 |
| SYK Stryker Corp. | New | 1.28% | +1.28 |
| IMO Imperial Oil Ltd. | Add +27.7% | 3.89% | +1.24 |
| VMC Vulcan Materials Co. | New | 1.10% | +1.10 |
| AEM Agnico Eagle Mines Ltd. | Add +47.6% | 2.76% | +1.06 |
| U Unity Software Inc. | New | 0.99% | +0.99 |
| META Meta Platforms Inc. Class A | Add +32.8% | 2.52% | +0.81 |
| AXON Axon Enterprise Inc. | Add +109.6% | 1.15% | +0.66 |
| DIS The Walt Disney Co. | New | 0.55% | +0.55 |
| ETN Eaton Corp. PLC | Add +4.1% | 2.62% | +0.53 |
| WCN Waste Connections Inc. | Add +132.3% | 0.59% | +0.34 |
| OC Owens Corning | New | 0.28% | +0.28 |
| TFII Tfi International Inc. | Add +101.8% | 0.52% | +0.24 |
| IBIT iShares Bitcoin Trust ETF | New | 0.21% | +0.21 |
| DXCM Dexcom Inc. | New | 0.21% | +0.21 |
| XLB SS Materials Select Sector | New | 0.19% | +0.19 |
| EWW iShares MSCI Mexico ETF | New | 0.19% | +0.19 |
| XLF SS Financial Select Sector | New | 0.18% | +0.18 |
| BWXT BWX Technologies Inc. | Add +3.1% | 1.16% | +0.17 |
| EXI iShares Global Industrials E | New | 0.15% | +0.15 |
| BMA Banco Macro SA-ADR | Add +169.3% | 0.15% | +0.12 |
| PUI Invesco Dorsey Wright Utilit | New | 0.12% | +0.12 |
| GGAL Grupo Financiero Galicia-ADR | Add +162.4% | 0.15% | +0.12 |
| MRK Merck & Co. Inc. | New | 0.11% | +0.11 |
| IBUY Amplify Online Retail ETF | New | 0.11% | +0.11 |
| XBI SS SPDR S&P Biotech ETF | New | 0.11% | +0.11 |
| GDX Vaneck Gold Miners ETF | Add +71.1% | 0.24% | +0.10 |
| IYT iShares US Transportation Et | New | 0.09% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +191.1% | 0.12% | +0.09 |
| GDXJ Vaneck Junior Gold Miners | Add +63.4% | 0.22% | +0.08 |
| ARGT Global X MSCI Argentina ETF | New | 0.08% | +0.08 |
| TCOM Trip.com Group Ltd.-ADR | Add +171.4% | 0.12% | +0.08 |
| NWG Natwest Group PLC -Spon ADR | Add +165.0% | 0.11% | +0.08 |
| HMY Harmony Gold MNG-Spon ADR | Add +163.9% | 0.11% | +0.08 |
| ANET Arista Networks Inc. | New | 0.08% | +0.08 |
| PPH Vaneck Pharmaceutical ETF | New | 0.08% | +0.08 |
| CRTO Criteo SA-Spon | Add +158.9% | 0.11% | +0.08 |
| ASND Ascendis Pharma A/S | Add +210.4% | 0.11% | +0.08 |
| BCS Barclays PLC-Spons ADR | Add +164.2% | 0.11% | +0.07 |
| KB KB Financial Group Inc.-ADR | Add +156.7% | 0.10% | +0.07 |
| YMM Full Truck Alliance -SPN ADR | Add +164.5% | 0.10% | +0.07 |
| TKC Turkcell Iletisim Hizmet-ADR | Add +163.1% | 0.10% | +0.07 |
| MFC Manulife Financial Corp. | Add +23.4% | 0.35% | +0.07 |
| SIMO Silicon Motion Technol-ADR | Add +161.8% | 0.10% | +0.07 |
| QFIN Qfin Holdings Inc.-ADR | Add +164.2% | 0.10% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 136 | $359.8M | CAT, LRCX, HBM, HWM, RY |
| Q1 2026 | 114 | $292.2M | SU, AGI, NTR, CP, IMO |
| Q4 2025 | 131 | $415.3M | ASML, ITA, BBVA, GFI, DGRO |
| Q3 2025 | 173 | $437.3M | AEM, BMO, CCJ, SAN, IMO |
| Q2 2025 | 178 | $361.8M | BMO, HWM, SAN, GEV, JPM |
| Q1 2025 | 146 | $268.5M | AEM, KGC, ENB, JPM, HWM |
| Q4 2024 | 133 | $249.7M | WCN, PGR, NVDA, RY, MSFT |
| Q3 2024 | 161 | $346.7M | CM, AEM, TRI, IMO, AVGO |
| Q2 2024 | 173 | $259.3M | LLY, NVDA, AEM, MSFT, COST |
| Q1 2024 | 173 | $385.5M | IMO, CNQ, TRI, LLY, CM |