Barometer Capital Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Barometer Capital Management Inc. reported 161 stock positions worth $346.7 million. Its top holding was Can Imperial BK of Commerce (CM) at 5.5% of the portfolio, followed by Agnico Eagle Mines (AEM, 5.0%) and Thomson Reuters (TRI, 4.2%). Compared with Q2 2024, it opened 37 new positions, sold out of 49, added to 30 and reduced 22. The biggest buy was a new position in Can Imperial BK of Commerce (CM) and the biggest sale an exit from Nvidia (NVDA).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001536890
- Portfolio Value
- $346.7M (Q3 2024)
- SEC Filing
- 0001104659-24-118549 ↗ filed Nov 14, 2024
Holdings Value
Holdings 161 stocks · $346.7M
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 5.47% | 228,567 | $19.0M | New |
| AEM Agnico Eagle Mines Ltd. | 5.04% | 160,283 | $17.5M | Add +15.8% |
| TRI Thomson Reuters Corp. | 4.23% | 63,530 | $14.7M | New |
| IMO Imperial Oil Ltd. | 4.07% | 148,315 | $14.1M | New |
| AVGO Broadcom Inc. | 3.84% | 77,194 | $13.3M | Add +1.8% |
| MSFT Microsoft Corp. | 3.69% | 29,711 | $12.8M | Add +7.6% |
| LLY Eli Lilly & Co. | 3.65% | 14,292 | $12.7M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 3.46% | 13,550 | $12.0M | Add +5.1% |
| META Meta Platforms Inc. Class A | 3.46% | 20,953 | $12.0M | Add +5.0% |
| GE General Electric filed as GE AEROSPACE | 3.33% | 61,255 | $11.6M | New |
| PGR Progressive Corp. | 3.30% | 45,106 | $11.4M | Add +5.4% |
| KGC Kinross Gold Corp. | 3.28% | 897,900 | $11.4M | New |
| PBA Pembina Pipeline Corp. | 3.26% | 202,440 | $11.3M | New |
| JPM JPMorgan Chase & Co. | 3.22% | 53,347 | $11.2M | Add +4.8% |
| AAPL Apple Inc. | 3.20% | 47,608 | $11.1M | Add +7941.9% |
| RGA Reinsurance Group of America | 2.69% | 43,044 | $9.3M | Add +1.7% |
| NEE Nextera Energy Inc. | 2.29% | 94,040 | $7.9M | Reduce -0.1% |
| GD General Dynamics Corp. | 2.09% | 24,134 | $7.3M | Add +36.5% |
| SPG Simon Property Group Inc. | 1.73% | 35,450 | $6.0M | Add +4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.62% | 25,640 | $5.6M | New |
| MFC Manulife Financial Corp. | 1.60% | 138,676 | $5.5M | Add +10.3% |
| HWM Howmet Aerospace Inc. | 1.53% | 52,960 | $5.3M | Add +19.9% |
| ENB Enbridge Inc. | 1.37% | 86,504 | $4.8M | New |
| BWXT BWX Technologies Inc. | 1.37% | 43,583 | $4.7M | Add +7.3% |
| MSI Motorola Solutions Inc. | 1.21% | 9,346 | $4.2M | Add +18.4% |
| WCN Waste Connections Inc. | 1.21% | 17,391 | $4.2M | Add +317.1% |
| GS Goldman Sachs Group Inc. | 1.15% | 8,042 | $4.0M | Add +7.5% |
| ABBV Abbvie Inc. | 1.13% | 20,000 | $3.9M | New |
| TECK Teck Resources Ltd.-CLS B | 1.13% | 55,274 | $3.9M | New |
| U Unity Software Inc. | 1.03% | 158,022 | $3.6M | No change |
| SO The Southern Co. | 1.01% | 38,830 | $3.5M | Add +40.5% |
| T AT&T Inc. | 0.87% | 138,340 | $3.0M | New |
| V Visa Inc. Class A | 0.82% | 10,315 | $2.8M | New |
| CPB The Campbell's Company filed as CAMPBELL SOUP CO | 0.70% | 49,740 | $2.4M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.69% | 60,700 | $2.4M | Add +12.5% |
| AGI Alamos Gold Inc. Class A | 0.63% | 81,240 | $2.2M | Add +1112.5% |
| PM Philip Morris International | 0.63% | 17,970 | $2.2M | New |
| UBER Uber Technologies Inc. | 0.59% | 27,110 | $2.0M | New |
| ACGL Arch Capital Group Ltd. | 0.57% | 17,770 | $2.0M | New |
| EMBJ Embraer SA-Spon ADR | 0.57% | 55,800 | $2.0M | Add +624.7% |
| CR Crane Co. | 0.53% | 11,545 | $1.8M | Add +3.5% |
| REGN Regeneron Pharmaceuticals | 0.47% | 1,548 | $1.6M | New |
| FCX Freeport-McMoran Inc. | 0.36% | 25,200 | $1.3M | Reduce -83.2% |
| IBIT iShares Bitcoin Trust ETF | 0.34% | 32,800 | $1.2M | Add +15.9% |
| PHYS Sprott Physical Gold Trust | 0.34% | 58,050 | $1.2M | Add +12.0% |
| RACE Ferrari NV | 0.30% | 2,219 | $1.0M | New |
| NVS Novartis AG-Sponsored ADR | 0.30% | 9,000 | $1.0M | New |
| COPX Global X Copper Miners ETF | 0.25% | 18,300 | $865K | Add +33.6% |
| KCE SS SPDR S&P Cap MKTS ETF | 0.24% | 6,750 | $843K | Reduce -9.4% |
| KIE SS SPDR S&P Insurance ETF | 0.23% | 14,330 | $813K | Reduce -9.5% |
| PPA Invesco Aerospace & Defense | 0.23% | 7,070 | $813K | Reduce -6.6% |
| PSLV Sprott Physical Silver Trust | 0.23% | 77,100 | $806K | Reduce -9.2% |
| XLB SS Materials Select Sector | 0.22% | 8,000 | $771K | Add +8.1% |
| GDX Vaneck Gold Miners ETF | 0.22% | 19,250 | $767K | Reduce -27.2% |
| VIS Vanguard Industrials ETF | 0.22% | 2,895 | $753K | Reduce -12.1% |
| RDVY First Trust Rising Dividend | 0.21% | 12,420 | $735K | Reduce -18.4% |
| XMMO Invesco S&P Midcap Momentum | 0.21% | 6,100 | $734K | Add +32.6% |
| XME SS SPDR S&P Metals Mining | 0.21% | 11,500 | $733K | Reduce -10.8% |
| PAVE Global X US Infrastructure | 0.21% | 17,450 | $718K | New |
| GDXJ Vaneck Junior Gold Miners | 0.21% | 14,600 | $713K | Reduce -20.6% |
| EWJ iShares MSCI Japan ETF | 0.20% | 9,870 | $706K | New |
| SILJ Amplify Junior Silver Miners | 0.20% | 53,400 | $688K | Reduce -16.3% |
| EPI Wisdomtree India Earnings | 0.20% | 13,600 | $686K | Reduce -6.2% |
| SDVY First Trust Smid Cap Rising | 0.19% | 18,400 | $669K | Reduce -15.6% |
| FXR First Trust Indst/Producers | 0.19% | 8,700 | $659K | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.18% | 29,800 | $608K | No change |
| GGAL Grupo Financiero Galicia-ADR | 0.16% | 13,584 | $572K | No change |
| ARGT Global X MSCI Argentina ETF | 0.16% | 8,300 | $550K | Add +23.9% |
| URA Global X Uranium ETF | 0.15% | 18,000 | $515K | Reduce -20.0% |
| BMA Banco Macro SA-ADR | 0.15% | 7,971 | $506K | No change |
| FIW First Trust Water ETF | 0.15% | 4,600 | $503K | Reduce -30.3% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.14% | 6,515 | $473K | Reduce -64.1% |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 4,304 | $457K | No change |
| EVX Vaneck Environmental Service | 0.13% | 2,500 | $451K | Reduce -19.4% |
| HARMONY GOLD MINING CO LTD | 0.12% | 39,819 | $403K | New |
| PKW Invesco Buyback Achievers Et | 0.12% | 3,500 | $401K | New |
| TCOM Trip.com Group Ltd.-ADR | 0.12% | 6,727 | $400K | Reduce -6.9% |
| BILI Bilibili Inc.-Sponsored ADR | 0.11% | 16,700 | $390K | No change |
| MOMO Hello Group Inc. -SPN ADR | 0.11% | 51,204 | $390K | No change |
| CP Canadian Pacific Kansas City | 0.11% | 3,230 | $374K | New |
| YMM Full Truck Alliance -SPN ADR | 0.11% | 41,417 | $373K | No change |
| SMFG Sumitomo Mitsui-Spons ADR | 0.11% | 29,054 | $367K | No change |
| MFG Mizuho Financial Group-ADR | 0.10% | 83,272 | $348K | No change |
| PSO Pearson PLC-Sponsored ADR | 0.10% | 24,811 | $337K | No change |
| UBS UBS Group AG-Reg | 0.10% | 10,889 | $337K | No change |
| VRNA Verona Pharma Ltd. | 0.09% | 11,400 | $328K | No change |
| BIDU Baidu Inc. - Spon ADR | 0.09% | 3,065 | $323K | No change |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.09% | 30,563 | $321K | No change |
| XPEV Xpeng Inc. - ADR | 0.09% | 25,600 | $312K | No change |
| SE Sea Ltd.-ADR | 0.09% | 3,300 | $311K | No change |
| PHG Koninklijke Philips NVR- NY | 0.09% | 9,486 | $310K | Add +3.1% |
| LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV | 0.09% | 10,717 | $309K | Add +13.8% |
| JKS Jinkosolar Holding Co.-ADR | 0.09% | 11,376 | $305K | No change |
| ZLAB Zai Lab Ltd.-ADR | 0.09% | 12,500 | $302K | No change |
| TIMB Tim SA-ADR | 0.09% | 17,434 | $300K | No change |
| JD Jd.com Inc.-ADR | 0.08% | 7,300 | $292K | No change |
| TTE Totalenergies SE -Spon ADR | 0.08% | 4,489 | $290K | No change |
| GFI Gold Fields Ltd.-Spons ADR | 0.08% | 18,146 | $279K | No change |
| SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION | 0.08% | 114,259 | $273K | New |
| BNTX Biontech SE-ADR | 0.08% | 2,260 | $268K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Sold out | 0.00% | −4.90 |
| STN Stantec Inc. | Sold out | 0.00% | −3.54 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −3.43 |
| TRP TC Energy Corp. | Sold out | 0.00% | −3.25 |
| C Citigroup Inc. | Sold out | 0.00% | −3.07 |
| FCX Freeport-McMoran Inc. | Reduce -83.2% | 0.36% | −2.44 |
| SYK Stryker Corp. | Sold out | 0.00% | −1.56 |
| MCK McKesson Corp. | Sold out | 0.00% | −1.52 |
| LLY Eli Lilly & Co. | Reduce -1.4% | 3.65% | −1.41 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.39 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.28 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −1.16 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.11 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −1.11 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.79 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.56 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.45 |
| BNS Bank of Nova Scotia | Reduce -64.1% | 0.14% | −0.29 |
| AIRR First Trust Rba American Ind | Sold out | 0.00% | −0.29 |
| NEE Nextera Energy Inc. | Reduce -0.1% | 2.29% | −0.28 |
| FEZ State Street SPDR Euro Stoxx | Sold out | 0.00% | −0.27 |
| OC Owens Corning | Sold out | 0.00% | −0.27 |
| TDIV FT Nasdaq Tech DVD Index FD | Sold out | 0.00% | −0.26 |
| PICK iShares MSCI Global Metals & | Sold out | 0.00% | −0.23 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.23 |
| XES SS SPDR S&P Og Eqp & Serv | Sold out | 0.00% | −0.21 |
| FCG First Trust Natural Gas ETF | Sold out | 0.00% | −0.20 |
| PNQI Invesco Nasdaq Internet ETF | Sold out | 0.00% | −0.19 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.19 |
| DXJ Wisdomtree Japan Hedged Eq | Sold out | 0.00% | −0.18 |
| BLOK Amplify Blockchain Tech ETF | Sold out | 0.00% | −0.16 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.15 |
| HMY Harmony Gold MNG-Spon ADR | Sold out | 0.00% | −0.14 |
| GDX Vaneck Gold Miners ETF | Reduce -27.2% | 0.22% | −0.13 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.12 |
| GUNR NT Mstar GLBL NR ETF | Sold out | 0.00% | −0.11 |
| FIW First Trust Water ETF | Reduce -30.3% | 0.15% | −0.11 |
| RDVY First Trust Rising Dividend | Reduce -18.4% | 0.21% | −0.11 |
| OMAB Grupo Aeroportuario Cen-ADR | Sold out | 0.00% | −0.10 |
| URA Global X Uranium ETF | Reduce -20.0% | 0.15% | −0.10 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.10 |
| SSL Sasol Ltd.-Sponsored ADR | Sold out | 0.00% | −0.10 |
| GDXJ Vaneck Junior Gold Miners | Reduce -20.6% | 0.21% | −0.09 |
| PSLV Sprott Physical Silver Trust | Reduce -9.2% | 0.23% | −0.09 |
| SDVY First Trust Smid Cap Rising | Reduce -15.6% | 0.19% | −0.09 |
| XME SS SPDR S&P Metals Mining | Reduce -10.8% | 0.21% | −0.08 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.08 |
| VIS Vanguard Industrials ETF | Reduce -12.1% | 0.22% | −0.08 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −0.08 |
| SILJ Amplify Junior Silver Miners | Reduce -16.3% | 0.20% | −0.08 |
Portfolio Buys Q2 2024 → Q3 2024
| CM Can Imperial BK of Commerce | New | 5.47% | +5.47 |
| TRI Thomson Reuters Corp. | New | 4.23% | +4.23 |
| IMO Imperial Oil Ltd. | New | 4.07% | +4.07 |
| AVGO Broadcom Inc. | Add +1.8% | 3.84% | +3.37 |
| GE General Electric | New | 3.33% | +3.33 |
| KGC Kinross Gold Corp. | New | 3.28% | +3.28 |
| PBA Pembina Pipeline Corp. | New | 3.26% | +3.26 |
| AAPL Apple Inc. | Add +7941.9% | 3.20% | +3.15 |
| IBM Intl Business Machines Corp. | New | 1.62% | +1.62 |
| ENB Enbridge Inc. | New | 1.37% | +1.37 |
| ABBV Abbvie Inc. | New | 1.13% | +1.13 |
| TECK Teck Resources Ltd.-CLS B | New | 1.13% | +1.13 |
| T AT&T Inc. | New | 0.87% | +0.87 |
| WCN Waste Connections Inc. | Add +317.1% | 1.21% | +0.83 |
| V Visa Inc. Class A | New | 0.82% | +0.82 |
| CPB The Campbell's Company | New | 0.70% | +0.70 |
| PM Philip Morris International | New | 0.63% | +0.63 |
| UBER Uber Technologies Inc. | New | 0.59% | +0.59 |
| AGI Alamos Gold Inc. Class A | Add +1112.5% | 0.63% | +0.58 |
| ACGL Arch Capital Group Ltd. | New | 0.57% | +0.57 |
| EMBJ Embraer SA-Spon ADR | Add +624.7% | 0.57% | +0.49 |
| REGN Regeneron Pharmaceuticals | New | 0.47% | +0.47 |
| RACE Ferrari NV | New | 0.30% | +0.30 |
| NVS Novartis AG-Sponsored ADR | New | 0.30% | +0.30 |
| AEM Agnico Eagle Mines Ltd. | Add +15.8% | 5.04% | +0.26 |
| HWM Howmet Aerospace Inc. | Add +19.9% | 1.53% | +0.21 |
| PAVE Global X US Infrastructure | New | 0.21% | +0.21 |
| EWJ iShares MSCI Japan ETF | New | 0.20% | +0.20 |
| FXR First Trust Indst/Producers | New | 0.19% | +0.19 |
| SO The Southern Co. | Add +40.5% | 1.01% | +0.18 |
| GD General Dynamics Corp. | Add +36.5% | 2.09% | +0.12 |
| HARMONY GOLD MINING CO LTD | New | 0.12% | +0.12 |
| PKW Invesco Buyback Achievers Et | New | 0.12% | +0.12 |
| CP Canadian Pacific Kansas City | New | 0.11% | +0.11 |
| SID Cia Siderurgica Nacl-SP ADR | New | 0.08% | +0.08 |
| BBD Banco Bradesco-ADR | New | 0.07% | +0.07 |
| KOF Coca-Cola Femsa Sab-SP ADR | New | 0.06% | +0.06 |
| CSANY Cosan SA -ADR | New | 0.05% | +0.05 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.05% | +0.05 |
| MNSO Miniso Group Holding Ltd.-ADR | New | 0.04% | +0.04 |
| PDD PDD Holdings Inc. | New | 0.04% | +0.04 |
| KEP Korea Elec Power Corp.-SP ADR | New | 0.04% | +0.04 |
| TME Tencent Music Entertainm-ADR | New | 0.04% | +0.04 |
| MSI Motorola Solutions Inc. | Add +18.4% | 1.21% | +0.04 |
| MT Arcelormittal-NY Registered | New | 0.03% | +0.03 |
| AXIAY Axia Energia-ADR | New | 0.03% | +0.03 |
| PKX Posco Holdings Inc. -Spon ADR | New | 0.03% | +0.03 |
| ARGT Global X MSCI Argentina ETF | Add +23.9% | 0.16% | +0.01 |
| COPX Global X Copper Miners ETF | Add +33.6% | 0.25% | +0.01 |
| XMMO Invesco S&P Midcap Momentum | Add +32.6% | 0.21% | +0.01 |
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 |