Barometer Capital Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Barometer Capital Management Inc. reported 114 stock positions worth $292.2 million. Its top holding was Suncor Energy (SU) at 4.8% of the portfolio, followed by Alamos Gold Class A (AGI, 4.7%) and Nutrien (NTR, 4.5%). Compared with Q4 2025, it opened 54 new positions, sold out of 71, added to 35 and reduced 25. The biggest buy was a new position in Suncor Energy (SU) and the biggest sale an exit from ASML Holding NV-NY Reg SHS (ASML).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001536890
Portfolio Value
$292.2M (Q1 2026)
SEC Filing
0001104659-26-058968 ↗ filed May 12, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $385.5M Q1 2024 Q2 2024: $259.3M Q2 2024 Q3 2024: $346.7M Q3 2024 Q4 2024: $249.7M Q4 2024 Q1 2025: $268.5M Q1 2025 Q2 2025: $361.8M Q2 2025 Q3 2025: $437.3M Q3 2025 Q4 2025: $415.3M Q4 2025 Q1 2026: $292.2M $292.2M Q1 2026 Q2 2026: $359.8M Q2 2026

Holdings 114 stocks · $292.2M
SU Suncor Energy Inc. 4.76% 151,020 $13.9M New
AGI Alamos Gold Inc. Class A 4.69% 221,400 $13.7M Add +5403.4%
NTR Nutrien Ltd. 4.50% 125,300 $13.2M New
CP Canadian Pacific Kansas City 4.31% 115,000 $12.6M New
IMO Imperial Oil Ltd. 4.11% 65,870 $12.0M Add +14.8%
CAT Caterpillar Inc. 4.00% 16,532 $11.7M Reduce -76.2%
HWM Howmet Aerospace Inc. 3.91% 49,531 $11.4M Reduce -4.9%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 3.28% 72,660 $9.6M Add +27.7%
AEM Agnico Eagle Mines Ltd. 3.19% 33,000 $9.3M Reduce -80.4%
BG Bunge Global SA 3.08% 70,700 $9.0M New
CNQ Canadian Natural Resources 2.95% 127,200 $8.6M New
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 2.85% 44,500 $8.3M Add +3.4%
RTX RTX Corp. 2.73% 41,390 $8.0M Add +193.6%
ENB Enbridge Inc. 2.52% 97,800 $7.4M Add +1064.3%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 2.19% 158,500 $6.4M Add +2338.5%
TLK Telkom Indonesia Persero-ADR filed as TELEKOMUNIKASI IND 2.19% 341,800 $6.4M New
NVDA Nvidia Corp. 2.12% 35,500 $6.2M Add +35.5%
KGC Kinross Gold Corp. 1.93% 132,600 $5.6M Add +2226.3%
GD General Dynamics Corp. 1.58% 13,497 $4.6M New
GEV GE Vernova Inc. 1.51% 5,050 $4.4M Reduce -65.2%
CDDRF Headwater Exploration Inc. 1.44% 328,200 $4.2M New
MFC Manulife Financial Corp. 1.21% 73,700 $3.5M New
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 1.19% 75,100 $3.5M New
ASX Ase Technology Holding -ADR 1.03% 138,500 $3.0M New
BWXT BWX Technologies Inc. 0.97% 13,800 $2.8M New
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.89% 74,200 $2.6M Add +211.8%
SMFG Sumitomo Mitsui-Spons ADR 0.86% 126,900 $2.5M New
SAN Banco Santander SA-Spon ADR 0.83% 216,600 $2.4M Add +203.3%
AU Anglogold Ashanti PLC 0.80% 24,100 $2.3M Reduce -75.7%
TEVA Teva Pharmaceutical-SP ADR 0.80% 77,800 $2.3M New
BMA Banco Macro SA-ADR 0.72% 27,200 $2.1M Reduce -76.3%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.71% 25,800 $2.1M New
RIO Rio Tinto PLC-Spon ADR 0.69% 21,600 $2.0M New
BBD Banco Bradesco-ADR 0.69% 560,900 $2.0M Add +4953.1%
GFI Gold Fields Ltd.-Spons ADR 0.67% 43,300 $2.0M Reduce -9.0%
CCJ Cameco Corp. 0.66% 12,800 $1.9M Reduce -96.8%
BCS Barclays PLC-Spons ADR 0.63% 86,500 $1.8M Add +2009.8%
HMY Harmony Gold MNG-Spon ADR 0.60% 117,000 $1.8M Add +1118.8%
STM Stmicroelectronics NV-NY SHS 0.60% 50,400 $1.7M New
CIB Grupo Cibest SA-ADR 0.60% 23,900 $1.7M Add +671.0%
VOD Vodafone Group PLC-SP ADR 0.59% 114,800 $1.7M New
BBVA Banco Bilbao Vizcaya-SP ADR 0.57% 78,600 $1.7M Add +13.2%
WDS Woodside Energy Group-ADR 0.55% 66,800 $1.6M New
EC Ecopetrol SA-Sponsored ADR 0.53% 109,000 $1.6M Add +2694.9%
LI Li Auto Inc. - ADR 0.53% 86,800 $1.5M New
VALE Vale SA-SP ADR 0.53% 97,200 $1.5M New
BIDU Baidu Inc. - Spon ADR 0.52% 13,625 $1.5M Reduce -80.7%
TSM Taiwan Semiconductor-SP ADR 0.52% 4,490 $1.5M New
MUFG Mitsubishi Ufj Finl-Spon ADR 0.52% 88,700 $1.5M Add +48.6%
SE Sea Ltd.-ADR 0.51% 18,100 $1.5M Add +302.2%
PKX Posco Holdings Inc. -Spon ADR 0.48% 23,800 $1.4M New
TV Grupo Televisa SA-Spon ADR 0.45% 451,900 $1.3M Add +5216.5%
NWG Natwest Group PLC -Spon ADR 0.45% 87,500 $1.3M Add +926.6%
SSL Sasol Ltd.-Sponsored ADR 0.44% 99,000 $1.3M Add +258.7%
VIV Telefonica Brasil-ADR 0.44% 80,500 $1.3M New
ZLAB Zai Lab Ltd.-ADR 0.43% 66,500 $1.3M New
UBS UBS Group AG-Reg 0.43% 32,800 $1.2M New
WF Woori Financial-Spon ADR 0.40% 17,600 $1.2M New
CRH CRH PLC 0.40% 11,050 $1.2M Reduce -69.3%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.40% 11,600 $1.2M Add +46.8%
LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV 0.39% 38,100 $1.1M Add +2.7%
DQ Daqo New Energy Corp.-ADR 0.39% 53,500 $1.1M Reduce -37.3%
GMAB Genmab A/S -SP ADR 0.39% 42,400 $1.1M Add +842.2%
ARGX Argenx SE - ADR 0.39% 1,550 $1.1M New
EMBJ Embraer SA-Spon ADR 0.38% 18,900 $1.1M Add +4.4%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.37% 8,000 $1.1M Reduce -8.1%
FMS Fresenius Medical Care-ADR 0.36% 46,200 $1.0M Add +569.6%
KEP Korea Elec Power Corp.-SP ADR 0.35% 71,600 $1.0M Add +313.9%
LU Lufax Holding Ltd.-ADR 0.34% 534,700 $1000K Add +7538.6%
BABA Alibaba Group Holding-SP ADR 0.34% 7,900 $991K Reduce -31.0%
HBM Hudbay Minerals Inc. 0.34% 33,750 $983K Add +259.0%
ASND Ascendis Pharma A/S 0.33% 4,170 $954K Reduce -95.4%
JD Jd.com Inc.-ADR 0.30% 30,500 $871K Reduce -22.4%
CRTO Criteo SA-Spon 0.28% 44,900 $805K Reduce -67.4%
TME Tencent Music Entertainm-ADR 0.25% 82,400 $745K New
CSANY Cosan SA -ADR 0.24% 171,600 $707K Add +1839.0%
PHYS Sprott Physical Gold Trust 0.23% 19,000 $673K New
SGDM Sprott Gold Miners ETF 0.22% 8,700 $657K New
GCOW Pacer Global Cash Cows Divid 0.22% 14,000 $647K New
OIH Vaneck Oil Services ETF 0.22% 1,600 $647K New
SILJ Amplify Junior Silver Miners 0.22% 21,300 $633K New
SIL Global X Silver Miners ETF 0.22% 7,000 $631K Reduce -74.7%
MOO Vaneck Agribusiness ETF 0.21% 7,400 $625K New
PSLV Sprott Physical Silver Trust 0.21% 25,400 $620K New
COPX Global X Copper Miners ETF 0.21% 8,100 $618K Reduce -75.6%
DXJ Wisdomtree Japan Hedged Eq 0.21% 3,800 $603K New
PIE Invesco Dorsey Wright Emergi 0.21% 23,100 $601K New
ICOW Pacer Developed Markets Inte 0.20% 14,100 $598K New
XES SS SPDR S&P Og Eqp & Serv 0.20% 5,100 $593K New
RELX Relx PLC - Spon ADR 0.20% 17,800 $590K Reduce -78.7%
WPP WPP PLC-Sponsored ADR 0.18% 34,400 $535K New
SAP Sap SE-Sponsored ADR 0.18% 3,050 $513K Reduce -98.3%
EWP iShares MSCI Spain ETF 0.17% 9,000 $489K Reduce -93.8%
WIT Wipro Ltd.-ADR 0.17% 227,800 $483K New
TAN Invesco Solar ETF 0.16% 8,600 $479K New
DAVA Endava PLC- Spon ADR 0.16% 106,300 $470K Add +32.5%
SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION 0.16% 374,800 $465K Add +2415.4%
ASHR Xtrackers Harvest Csi 300 CH 0.16% 13,900 $454K New
ILF iShares Latin America 40 ETF 0.15% 12,000 $426K Reduce -81.0%
EWZ iShares MSCI Brazil ETF 0.15% 11,100 $426K New
XBI SS SPDR S&P Biotech ETF 0.14% 3,200 $409K New
EWJ iShares MSCI Japan ETF 0.13% 4,400 $372K Add +120.0%
GDXJ Vaneck Junior Gold Miners 0.12% 3,000 $360K New
GRID First TRST Nasd Class Edg Sgiif 0.12% 2,200 $360K New
XMMO Invesco S&P Midcap Momentum 0.12% 2,400 $348K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.11% 21,600 $310K New
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.10% 48,632 $297K Add +153.3%
VIS Vanguard Industrials ETF 0.09% 800 $250K New
KBE SS SPDR S&P Bank ETF 0.08% 4,000 $238K New
FXZ First Trust Materials Alphad 0.08% 3,100 $236K New
EEM iShares MSCI Emerging Market 0.08% 4,100 $233K Reduce -65.5%
EWT iShares MSCI Taiwan ETF 0.06% 2,500 $177K Reduce -94.9%
REMX Vaneck Rar Earth ND STG-Usdi 0.05% 1,700 $150K New
LRCX Lam Research Corp. 0.05% 690 $147K Reduce -81.8%

Portfolio Sells Q4 2025 → Q1 2026
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −4.70
ITA iShares U.S. Aerospace & Def Sold out 0.00% −4.43
DGRO iShares Core Dividend Growth Sold out 0.00% −3.33
HSBC HSBC Holdings PLC-Spons ADR Sold out 0.00% −3.21
MT Arcelormittal-NY Registered Sold out 0.00% −3.16
OMAB Grupo Aeroportuario Cen-ADR Sold out 0.00% −3.12
IDV iShares International Select Sold out 0.00% −3.08
AIA iShares Asia 50 ETF Sold out 0.00% −3.04
IHG Intercontinental Hotels-ADR Sold out 0.00% −2.96
GFI Gold Fields Ltd.-Spons ADR Reduce -9.0% 0.67% −2.91
AVGO Broadcom Inc. Sold out 0.00% −2.79
EWP iShares MSCI Spain ETF Reduce -93.8% 0.17% −2.63
AADR Advisorshares Dorsey Wright Sold out 0.00% −2.42
ASND Ascendis Pharma A/S Reduce -95.4% 0.33% −2.28
COPX Global X Copper Miners ETF Reduce -75.6% 0.21% −2.25
AU Anglogold Ashanti PLC Reduce -75.7% 0.80% −2.17
EWT iShares MSCI Taiwan ETF Reduce -94.9% 0.06% −2.09
CCU Cia Cervecerias Uni-Spon ADR Sold out 0.00% −1.78
GOOGL Alphabet Inc. Class A Sold out 0.00% −1.73
EDU New Oriental Educatio-SP ADR Sold out 0.00% −1.29
MFG Mizuho Financial Group-ADR Sold out 0.00% −1.20
GE General Electric Sold out 0.00% −1.07
MSFT Microsoft Corp. Sold out 0.00% −1.00
BMA Banco Macro SA-ADR Reduce -76.3% 0.72% −0.97
BIDU Baidu Inc. - Spon ADR Reduce -80.7% 0.52% −0.69
ETHE Grayscale Ethereum Staking E Sold out 0.00% −0.63
RY Royal Bank of Canada Sold out 0.00% −0.52
EUAD Select Stoxx Eur Aer DE ETF Sold out 0.00% −0.50
JPM JPMorgan Chase & Co. Sold out 0.00% −0.45
LIT Global X Lithium & Battery T Sold out 0.00% −0.34
MUX McEwen Inc. Sold out 0.00% −0.31
CLS Celestica Inc. Sold out 0.00% −0.31
QTUM Defiance Quantum ETF Sold out 0.00% −0.30
BE Bloom Energy Corp. Class A Sold out 0.00% −0.29
ESGE iShares Inc. iShares ESG Awar Sold out 0.00% −0.27
MS Morgan Stanley Sold out 0.00% −0.26
NFLX Netflix Inc. Sold out 0.00% −0.25
PAAS Pan American Silver Corp. Sold out 0.00% −0.25
AXIAY Axia Energia-ADR Sold out 0.00% −0.24
URA Global X Uranium ETF Sold out 0.00% −0.23
BN Brookfield Corp. Sold out 0.00% −0.23
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.22
EA Electronic Arts Inc. Sold out 0.00% −0.21
SIMO Silicon Motion Technol-ADR Sold out 0.00% −0.21
LNG Cheniere Energy Inc. Sold out 0.00% −0.21
SITM Sitime Corp. Sold out 0.00% −0.20
PSO Pearson PLC-Sponsored ADR Sold out 0.00% −0.18
EEM iShares MSCI Emerging Market Reduce -65.5% 0.08% −0.17
MOMO Hello Group Inc. -SPN ADR Sold out 0.00% −0.17
BP BP PLC-Spons ADR Sold out 0.00% −0.17

Portfolio Buys Q4 2025 → Q1 2026
SU Suncor Energy Inc. New 4.76% +4.76
AGI Alamos Gold Inc. Class A Add +5403.4% 4.69% +4.52
NTR Nutrien Ltd. New 4.50% +4.50
CP Canadian Pacific Kansas City New 4.31% +4.31
IMO Imperial Oil Ltd. Add +14.8% 4.11% +3.88
BG Bunge Global SA New 3.08% +3.08
CM Can Imperial BK of Commerce Add +27.7% 3.28% +2.96
CNQ Canadian Natural Resources New 2.95% +2.95
RTX RTX Corp. Add +193.6% 2.73% +2.53
ENB Enbridge Inc. Add +1064.3% 2.52% +2.41
TLK Telkom Indonesia Persero-ADR New 2.19% +2.19
GDS GDS Holdings Ltd. - ADR Add +2338.5% 2.19% +1.93
NVDA Nvidia Corp. Add +35.5% 2.12% +1.83
KGC Kinross Gold Corp. Add +2226.3% 1.93% +1.82
GD General Dynamics Corp. New 1.58% +1.58
CDDRF Headwater Exploration Inc. New 1.44% +1.44
MFC Manulife Financial Corp. New 1.21% +1.21
YPF YPF S.A.-Sponsored ADR New 1.19% +1.19
ASX Ase Technology Holding -ADR New 1.03% +1.03
BWXT BWX Technologies Inc. New 0.97% +0.97
SMFG Sumitomo Mitsui-Spons ADR New 0.86% +0.86
TEVA Teva Pharmaceutical-SP ADR New 0.80% +0.80
SQM Quimica Y Minera Chil-SP ADR New 0.71% +0.71
RIO Rio Tinto PLC-Spon ADR New 0.69% +0.69
STM Stmicroelectronics NV-NY SHS New 0.60% +0.60
VOD Vodafone Group PLC-SP ADR New 0.59% +0.59
BBD Banco Bradesco-ADR Add +4953.1% 0.69% +0.59
WDS Woodside Energy Group-ADR New 0.55% +0.55
BCS Barclays PLC-Spons ADR Add +2009.8% 0.63% +0.54
LI Li Auto Inc. - ADR New 0.53% +0.53
VALE Vale SA-SP ADR New 0.53% +0.53
TSM Taiwan Semiconductor-SP ADR New 0.52% +0.52
HMY Harmony Gold MNG-Spon ADR Add +1118.8% 0.60% +0.49
PKX Posco Holdings Inc. -Spon ADR New 0.48% +0.48
CIB Grupo Cibest SA-ADR Add +671.0% 0.60% +0.46
VIV Telefonica Brasil-ADR New 0.44% +0.44
ZLAB Zai Lab Ltd.-ADR New 0.43% +0.43
UBS UBS Group AG-Reg New 0.43% +0.43
WF Woori Financial-Spon ADR New 0.40% +0.40
SE Sea Ltd.-ADR Add +302.2% 0.51% +0.40
EC Ecopetrol SA-Sponsored ADR Add +2694.9% 0.53% +0.40
ARGX Argenx SE - ADR New 0.39% +0.39
SSL Sasol Ltd.-Sponsored ADR Add +258.7% 0.44% +0.29
GMAB Genmab A/S -SP ADR Add +842.2% 0.39% +0.27
KB KB Financial Group Inc.-ADR Add +46.8% 0.40% +0.26
MUFG Mitsubishi Ufj Finl-Spon ADR Add +48.6% 0.52% +0.26
TME Tencent Music Entertainm-ADR New 0.25% +0.25
FMS Fresenius Medical Care-ADR Add +569.6% 0.36% +0.25
KEP Korea Elec Power Corp.-SP ADR Add +313.9% 0.35% +0.23
PHYS Sprott Physical Gold Trust New 0.23% +0.23

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 136$359.8MCAT, LRCX, HBM, HWM, RY
Q1 2026 114$292.2MSU, AGI, NTR, CP, IMO
Q4 2025 131$415.3MASML, ITA, BBVA, GFI, DGRO
Q3 2025 173$437.3MAEM, BMO, CCJ, SAN, IMO
Q2 2025 178$361.8MBMO, HWM, SAN, GEV, JPM
Q1 2025 146$268.5MAEM, KGC, ENB, JPM, HWM
Q4 2024 133$249.7MWCN, PGR, NVDA, RY, MSFT
Q3 2024 161$346.7MCM, AEM, TRI, IMO, AVGO
Q2 2024 173$259.3MLLY, NVDA, AEM, MSFT, COST
Q1 2024 173$385.5MIMO, CNQ, TRI, LLY, CM