Barometer Capital Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Barometer Capital Management Inc. reported 131 stock positions worth $415.3 million. Its top holding was ASML Holding NV-NY Reg SHS (ASML) at 4.7% of the portfolio, followed by iShares U.S. Aerospace & Def (ITA, 4.4%) and Banco Bilbao Vizcaya-SP ADR (BBVA, 3.9%). Compared with Q3 2025, it sold out of 42, added to 74 and reduced 57. The biggest buy was ASML Holding NV-NY Reg SHS (ASML, shares +311807%) and the biggest sale Imperial Oil (IMO, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001536890
- Portfolio Value
- $415.3M (Q4 2025)
- SEC Filing
- 0001104659-26-013670 ↗ filed Feb 12, 2026
Holdings Value
Holdings 131 stocks · $415.3M
| ASML ASML Holding NV-NY Reg SHS | 4.70% | 505,290 | $19.5M | Add +311807.4% |
| ITA iShares U.S. Aerospace & Def | 4.43% | 1,569,380 | $18.4M | Add +198555.7% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 3.88% | 69,412 | $16.1M | Add +8.9% |
| GFI Gold Fields Ltd.-Spons ADR | 3.59% | 47,582 | $14.9M | Add +30.9% |
| DGRO iShares Core Dividend Growth | 3.33% | 78,367 | $13.8M | Add +2076.9% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 3.27% | 23,794 | $13.6M | Reduce -70.6% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 3.21% | 41,574 | $13.3M | Add +187.1% |
| MT Arcelormittal-NY Registered | 3.16% | 481,960 | $13.1M | Add +11189.8% |
| OMAB Grupo Aeroportuario Cen-ADR | 3.12% | 63,280 | $13.0M | Add +4264.1% |
| IDV iShares International Select | 3.08% | 68,487 | $12.8M | Add +987.1% |
| AIA iShares Asia 50 ETF | 3.04% | 73,710 | $12.6M | Add +2133.6% |
| AU Anglogold Ashanti PLC | 2.97% | 99,139 | $12.3M | Add +523.5% |
| IHG Intercontinental Hotels-ADR | 2.96% | 11,452 | $12.3M | Add +29.4% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 2.82% | 43,045 | $11.7M | Reduce -56.8% |
| EWP iShares MSCI Spain ETF | 2.80% | 145,250 | $11.6M | Add +1945.8% |
| AVGO Broadcom Inc. | 2.79% | 33,464 | $11.6M | Add +156.2% |
| SAN Banco Santander SA-Spon ADR | 2.77% | 71,409 | $11.5M | Reduce -95.7% |
| ASND Ascendis Pharma A/S | 2.61% | 91,392 | $10.8M | Add +2241.0% |
| COPX Global X Copper Miners ETF | 2.46% | 33,199 | $10.2M | Add +466.5% |
| AADR Advisorshares Dorsey Wright | 2.42% | 43,230 | $10.1M | Add +1501.1% |
| EWT iShares MSCI Taiwan ETF | 2.15% | 48,628 | $8.9M | Add +872.6% |
| AEM Agnico Eagle Mines Ltd. | 2.15% | 168,200 | $8.9M | Add +104.3% |
| CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS | 1.78% | 265,700 | $7.4M | Add +2684.2% |
| GOOGL Alphabet Inc. Class A | 1.73% | 17,653 | $7.2M | Reduce -67.4% |
| BMA Banco Macro SA-ADR | 1.68% | 114,770 | $7.0M | Add +813.0% |
| EDU New Oriental Educatio-SP ADR | 1.29% | 121,722 | $5.4M | Add +660.8% |
| DAVA Endava PLC- Spon ADR | 1.24% | 80,220 | $5.2M | Add +301.1% |
| BIDU Baidu Inc. - Spon ADR | 1.21% | 70,685 | $5.0M | Add +631.4% |
| MFG Mizuho Financial Group-ADR | 1.20% | 11,084 | $5.0M | Reduce -70.1% |
| GEV GE Vernova Inc. | 1.17% | 14,499 | $4.9M | Reduce -36.6% |
| GE General Electric filed as GE AEROSPACE | 1.07% | 127,200 | $4.4M | Add +268.3% |
| MSFT Microsoft Corp. | 1.00% | 132,500 | $4.1M | Add +664.4% |
| ETHE Grayscale Ethereum Staking E | 0.63% | 130,500 | $2.6M | Add +601.6% |
| NWG Natwest Group PLC -Spon ADR | 0.53% | 8,523 | $2.2M | Reduce -89.0% |
| RY Royal Bank of Canada | 0.52% | 139,800 | $2.2M | Add +187.4% |
| EUAD Select Stoxx Eur Aer DE ETF | 0.50% | 103,000 | $2.1M | Add +1203.8% |
| JPM JPMorgan Chase & Co. | 0.45% | 14,500 | $1.8M | Reduce -64.9% |
| CAT Caterpillar Inc. | 0.43% | 69,500 | $1.8M | Add +460.5% |
| LIT Global X Lithium & Battery T | 0.34% | 32,500 | $1.4M | Add +855.9% |
| CCJ Cameco Corp. | 0.32% | 404,900 | $1.3M | Add +172.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.32% | 56,900 | $1.3M | Add +1571.6% |
| MUX McEwen Inc. | 0.31% | 18,800 | $1.3M | Reduce -24.8% |
| CLS Celestica Inc. | 0.31% | 9,725 | $1.3M | Reduce -59.4% |
| QTUM Defiance Quantum ETF | 0.30% | 42,900 | $1.3M | Add +1029.0% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.29% | 19,200 | $1.2M | Reduce -43.0% |
| NVDA Nvidia Corp. | 0.29% | 26,200 | $1.2M | Reduce -64.9% |
| BE Bloom Energy Corp. Class A | 0.29% | 1,430 | $1.2M | Reduce -90.5% |
| TV Grupo Televisa SA-Spon ADR | 0.29% | 8,500 | $1.2M | Reduce -97.3% |
| BABA Alibaba Group Holding-SP ADR | 0.28% | 11,454 | $1.1M | Add +614.1% |
| ESGE iShares Inc. iShares ESG Awar | 0.27% | 71,200 | $1.1M | Add +709.1% |
| ILF iShares Latin America 40 ETF | 0.27% | 63,200 | $1.1M | Add +700.0% |
| CSANY Cosan SA -ADR | 0.27% | 8,850 | $1.1M | Reduce -92.7% |
| RELX Relx PLC - Spon ADR | 0.27% | 83,400 | $1.1M | Add +561.9% |
| MS Morgan Stanley | 0.26% | 3,590 | $1.1M | Reduce -93.3% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.26% | 6,500 | $1.1M | Reduce -93.1% |
| NFLX Netflix Inc. | 0.25% | 362,800 | $1.1M | Add +934.5% |
| EEM iShares MSCI Emerging Market | 0.25% | 11,900 | $1.1M | Add +67.6% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.25% | 59,700 | $1.0M | Add +2.0% |
| PAAS Pan American Silver Corp. | 0.25% | 78,200 | $1.0M | Reduce -40.4% |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELET BRAS SA | 0.24% | 20,000 | $999K | Add +39.6% |
| EMBJ Embraer SA-Spon ADR | 0.24% | 18,100 | $996K | Reduce -76.6% |
| IMO Imperial Oil Ltd. | 0.23% | 57,400 | $947K | Reduce -54.4% |
| URA Global X Uranium ETF | 0.23% | 30,600 | $942K | Add +424.9% |
| BN Brookfield Corp. | 0.23% | 6,400 | $938K | Reduce -73.5% |
| JD Jd.com Inc.-ADR | 0.23% | 39,332 | $938K | Add +82.1% |
| HOOD Robinhood Markets Inc. Class A | 0.22% | 89,400 | $914K | Add +1390.0% |
| SIL Global X Silver Miners ETF | 0.22% | 27,700 | $906K | Add +319.7% |
| LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV | 0.21% | 37,100 | $884K | Add +34.3% |
| EA Electronic Arts Inc. | 0.21% | 87,400 | $876K | Add +291.5% |
| SIMO Silicon Motion Technol-ADR | 0.21% | 24,100 | $871K | Add +1083.7% |
| LNG Cheniere Energy Inc. | 0.21% | 9,500 | $853K | Reduce -68.7% |
| SITM Sitime Corp. | 0.20% | 47,400 | $836K | Add +1002.3% |
| RTX RTX Corp. | 0.20% | 14,100 | $829K | Reduce -66.8% |
| HBM Hudbay Minerals Inc. | 0.19% | 9,400 | $809K | Reduce -98.5% |
| PSO Pearson PLC-Sponsored ADR | 0.18% | 64,600 | $766K | Add +545.3% |
| CRH CRH PLC | 0.18% | 36,000 | $742K | Add +441.4% |
| AGI Alamos Gold Inc. Class A | 0.17% | 4,023 | $711K | Reduce -98.7% |
| MOMO Hello Group Inc. -SPN ADR | 0.17% | 24,400 | $700K | Add +41.0% |
| BP BP PLC-Spons ADR | 0.17% | 3,270 | $697K | Reduce -5.2% |
| LU Lufax Holding Ltd.-ADR | 0.16% | 7,000 | $666K | Reduce -95.1% |
| EUFN iShares MSCI Europe Financia | 0.16% | 19,800 | $654K | Add +72.9% |
| SSL Sasol Ltd.-Sponsored ADR | 0.15% | 27,600 | $620K | Reduce -66.6% |
| JOF Japan Smaller Capitalization | 0.14% | 2,450 | $595K | Reduce -94.2% |
| SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION | 0.14% | 14,900 | $585K | Reduce -95.0% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.14% | 8,700 | $584K | Add +12.9% |
| EWS iShares MSCI Singapore ETF | 0.14% | 14,300 | $578K | Add +10.8% |
| HWM Howmet Aerospace Inc. | 0.14% | 52,100 | $573K | Reduce -26.2% |
| CSCO Cisco Systems Inc. | 0.14% | 7,900 | $567K | Reduce -87.4% |
| EC Ecopetrol SA-Sponsored ADR | 0.14% | 3,900 | $562K | Reduce -95.0% |
| CIB Grupo Cibest SA-ADR | 0.13% | 3,100 | $556K | Reduce -24.6% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.13% | 7,900 | $550K | Reduce -30.4% |
| XLF SS Financial Select Sector | 0.13% | 14,800 | $549K | Add +69.3% |
| EWW iShares MSCI Mexico ETF | 0.13% | 23,200 | $549K | Add +241.2% |
| FIG Figma Inc. Class A | 0.13% | 12,400 | $548K | Reduce -6.1% |
| CRTO Criteo SA-Spon | 0.13% | 137,800 | $544K | Add +2730.7% |
| DQ Daqo New Energy Corp.-ADR | 0.13% | 85,300 | $539K | Add +125.1% |
| ENIC Enel Chile SA-ADR | 0.12% | 11,200 | $518K | Reduce -95.4% |
| META Meta Platforms Inc. Class A | 0.12% | 79,500 | $518K | Add +411.0% |
| GMAB Genmab A/S -SP ADR | 0.12% | 4,500 | $512K | Reduce -85.5% |
| SAP Sap SE-Sponsored ADR | 0.12% | 184,100 | $510K | Add +8462.8% |
Portfolio Sells Q3 2025 → Q4 2025
| IMO Imperial Oil Ltd. | Reduce -54.4% | 0.23% | −3.40 |
| AGI Alamos Gold Inc. Class A | Reduce -98.7% | 0.17% | −3.17 |
| HWM Howmet Aerospace Inc. | Reduce -26.2% | 0.14% | −3.03 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −3.00 |
| HBM Hudbay Minerals Inc. | Reduce -98.5% | 0.19% | −2.90 |
| NVDA Nvidia Corp. | Reduce -64.9% | 0.29% | −2.90 |
| JPM JPMorgan Chase & Co. | Reduce -64.9% | 0.45% | −2.52 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −2.12 |
| GEV GE Vernova Inc. | Reduce -36.6% | 1.17% | −2.05 |
| MS Morgan Stanley | Reduce -93.3% | 0.26% | −1.67 |
| STN Stantec Inc. | Sold out | 0.00% | −1.61 |
| CLS Celestica Inc. | Reduce -59.4% | 0.31% | −1.57 |
| RTX RTX Corp. | Reduce -66.8% | 0.20% | −1.43 |
| LNG Cheniere Energy Inc. | Reduce -68.7% | 0.21% | −1.42 |
| PAAS Pan American Silver Corp. | Reduce -40.4% | 0.25% | −1.37 |
| GOOGL Alphabet Inc. Class A | Reduce -67.4% | 1.73% | −1.28 |
| BMO Bank of Montreal | Reduce -56.8% | 2.82% | −1.27 |
| U Unity Software Inc. | Sold out | 0.00% | −1.21 |
| SE Sea Ltd.-ADR | Reduce -85.9% | 0.11% | −1.20 |
| SAN Banco Santander SA-Spon ADR | Reduce -95.7% | 2.77% | −1.18 |
| LRCX Lam Research Corp. | Reduce -89.2% | 0.08% | −1.00 |
| TLK Telkom Indonesia Persero-ADR | Sold out | 0.00% | −0.96 |
| ENB Enbridge Inc. | Reduce -86.1% | 0.11% | −0.86 |
| CSCO Cisco Systems Inc. | Reduce -87.4% | 0.14% | −0.84 |
| EMBJ Embraer SA-Spon ADR | Reduce -76.6% | 0.24% | −0.83 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.75 |
| GDS GDS Holdings Ltd. - ADR | Reduce -93.1% | 0.26% | −0.57 |
| KGC Kinross Gold Corp. | Reduce -93.4% | 0.11% | −0.56 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.48 |
| WDS Woodside Energy Group-ADR | Sold out | 0.00% | −0.45 |
| XPEV Xpeng Inc. - ADR | Sold out | 0.00% | −0.44 |
| HMY Harmony Gold MNG-Spon ADR | Reduce -92.2% | 0.11% | −0.40 |
| ZLAB Zai Lab Ltd.-ADR | Sold out | 0.00% | −0.32 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.28 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −0.28 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.28 |
| BCS Barclays PLC-Spons ADR | Reduce -94.7% | 0.09% | −0.27 |
| SMFG Sumitomo Mitsui-Spons ADR | Sold out | 0.00% | −0.23 |
| WB Weibo Corp.-Spon ADR | Sold out | 0.00% | −0.22 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.21 |
| VOD Vodafone Group PLC-SP ADR | Sold out | 0.00% | −0.20 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.17 |
| BBD Banco Bradesco-ADR | Reduce -96.9% | 0.10% | −0.17 |
| VIV Telefonica Brasil-ADR | Sold out | 0.00% | −0.17 |
| SQM Quimica Y Minera Chil-SP ADR | Sold out | 0.00% | −0.16 |
| WF Woori Financial-Spon ADR | Sold out | 0.00% | −0.16 |
| WPP WPP PLC-Sponsored ADR | Sold out | 0.00% | −0.14 |
| PSLV Sprott Physical Silver Trust | Sold out | 0.00% | −0.13 |
| XME SS SPDR S&P Metals Mining | Sold out | 0.00% | −0.13 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −0.12 |
Portfolio Buys Q3 2025 → Q4 2025
| ASML ASML Holding NV-NY Reg SHS | Add +311807.4% | 4.70% | +4.67 |
| ITA iShares U.S. Aerospace & Def | Add +198555.7% | 4.43% | +4.40 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Add +8.9% | 3.88% | +3.61 |
| DGRO iShares Core Dividend Growth | Add +2076.9% | 3.33% | +3.28 |
| GFI Gold Fields Ltd.-Spons ADR | Add +30.9% | 3.59% | +3.24 |
| MT Arcelormittal-NY Registered | Add +11189.8% | 3.16% | +3.13 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +4264.1% | 3.12% | +3.09 |
| IDV iShares International Select | Add +987.1% | 3.08% | +3.02 |
| HSBC HSBC Holdings PLC-Spons ADR | Add +187.1% | 3.21% | +2.98 |
| AIA iShares Asia 50 ETF | Add +2133.6% | 3.04% | +2.97 |
| EWP iShares MSCI Spain ETF | Add +1945.8% | 2.80% | +2.72 |
| IHG Intercontinental Hotels-ADR | Add +29.4% | 2.96% | +2.72 |
| AU Anglogold Ashanti PLC | Add +523.5% | 2.97% | +2.71 |
| ASND Ascendis Pharma A/S | Add +2241.0% | 2.61% | +2.43 |
| COPX Global X Copper Miners ETF | Add +466.5% | 2.46% | +2.38 |
| AADR Advisorshares Dorsey Wright | Add +1501.1% | 2.42% | +2.37 |
| EWT iShares MSCI Taiwan ETF | Add +872.6% | 2.15% | +2.07 |
| AVGO Broadcom Inc. | Add +156.2% | 2.79% | +1.80 |
| CCU Cia Cervecerias Uni-Spon ADR | Add +2684.2% | 1.78% | +1.75 |
| BMA Banco Macro SA-ADR | Add +813.0% | 1.68% | +1.56 |
| DAVA Endava PLC- Spon ADR | Add +301.1% | 1.24% | +1.20 |
| EDU New Oriental Educatio-SP ADR | Add +660.8% | 1.29% | +1.10 |
| BIDU Baidu Inc. - Spon ADR | Add +631.4% | 1.21% | +0.92 |
| ETHE Grayscale Ethereum Staking E | Add +601.6% | 0.63% | +0.48 |
| EUAD Select Stoxx Eur Aer DE ETF | Add +1203.8% | 0.50% | +0.42 |
| LIT Global X Lithium & Battery T | Add +855.9% | 0.34% | +0.30 |
| CM Can Imperial BK of Commerce | Add +1571.6% | 0.32% | +0.23 |
| ILF iShares Latin America 40 ETF | Add +700.0% | 0.27% | +0.21 |
| QTUM Defiance Quantum ETF | Add +1029.0% | 0.30% | +0.21 |
| BABA Alibaba Group Holding-SP ADR | Add +614.1% | 0.28% | +0.21 |
| AXIAY Axia Energia-ADR | Add +39.6% | 0.24% | +0.21 |
| ESGE iShares Inc. iShares ESG Awar | Add +709.1% | 0.27% | +0.18 |
| EEM iShares MSCI Emerging Market | Add +67.6% | 0.25% | +0.17 |
| SIMO Silicon Motion Technol-ADR | Add +1083.7% | 0.21% | +0.17 |
| URA Global X Uranium ETF | Add +424.9% | 0.23% | +0.16 |
| PSO Pearson PLC-Sponsored ADR | Add +545.3% | 0.18% | +0.15 |
| MOMO Hello Group Inc. -SPN ADR | Add +41.0% | 0.17% | +0.14 |
| RELX Relx PLC - Spon ADR | Add +561.9% | 0.27% | +0.13 |
| SIL Global X Silver Miners ETF | Add +319.7% | 0.22% | +0.11 |
| CRTO Criteo SA-Spon | Add +2730.7% | 0.13% | +0.11 |
| AIRR First Trust Rba American Ind | Add +650.0% | 0.12% | +0.09 |
| E Eni SPA-Sponsored ADR | Add +80.7% | 0.12% | +0.09 |
| BEKE Ke Holdings Inc.-ADR | Add +3734.6% | 0.12% | +0.08 |
| GSK GSK PLC-Spon ADR | Add +357.4% | 0.11% | +0.08 |
| EZU iShares MSCI Eurozone ETF | Add +216.1% | 0.12% | +0.08 |
| EUFN iShares MSCI Europe Financia | Add +72.9% | 0.16% | +0.07 |
| EWS iShares MSCI Singapore ETF | Add +10.8% | 0.14% | +0.06 |
| GGAL Grupo Financiero Galicia-ADR | Add +19.1% | 0.10% | +0.05 |
| JD Jd.com Inc.-ADR | Add +82.1% | 0.23% | +0.05 |
| EPU iShares MSCI Peru and Global | Add +34.0% | 0.11% | +0.04 |
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 |