Q4 2025 · 13F-HR
BAROMETER CAPITAL MANAGEMENT INC.holdings as filed
Filed 2026-02-12 · accession 0001104659-26-013670
$415.3M
Reported value
131
Positions
2025-12-31
Period end
The Brief · BAROMETER CAPITAL MANAGEMENT INC. · Q4 2025
AI · grounded in 13F
Barometer Capital Management Inc. closed its position in WPM, reducing its exposure by $13.1M. The fund significantly increased its holdings in ASML and ITA, with share counts rising 311,807% and 198,555% respectively. Other notable activity included a 11,189% increase in MT and a 2,076% increase in DGRO.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| N07059210 | ASML | Kinross Gold Corp | $19.5M | 4.70% | 505,290 | Common | SOLE |
| 464288760 | ITA | Banco Santander SA | $18.4M | 4.43% | 1,569,380 | Common | SOLE |
| 05946K101 | BBVA | Royal Bank of Canada | $16.1M | 3.88% | 69,412 | Common | SOLE |
| 38059T106 | GFI | Alphabet Inc | $14.9M | 3.59% | 47,582 | Common | SOLE |
| 46434V621 | DGRO | Morgan Stanley | $13.8M | 3.33% | 78,367 | Common | SOLE |
| 204448104 | BVN | Caterpillar Inc | $13.6M | 3.27% | 23,794 | Common | SOLE |
| 404280406 | HSBC | JPMorgan Chase & Co | $13.3M | 3.21% | 41,574 | Common | SOLE |
| 03938L203 | MT | Hudbay Minerals Inc | $13.1M | 3.16% | 481,960 | Common | SOLE |
| 400501102 | OMAB | Howmet Aerospace Inc | $13.0M | 3.12% | 63,280 | Common | SOLE |
| 464288448 | IDV | NVIDIA Corp | $12.8M | 3.08% | 68,487 | Common | SOLE |
| 464288430 | AIA | Lam Research Corp | $12.6M | 3.04% | 73,710 | Common | SOLE |
| G0378L100 | AU | Canadian Imperial Bank of Commerce | $12.3M | 2.97% | 99,139 | Common | SOLE |
| 45857P806 | IHG | Eli Lilly & Co | $12.3M | 2.96% | 11,452 | Common | SOLE |
| 063671101 | BMO | Apple Inc | $11.7M | 2.82% | 43,045 | Common | SOLE |
| 464286764 | EWP | Rio Tinto PLC | $11.6M | 2.80% | 145,250 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Inc | $11.6M | 2.79% | 33,464 | Common | SOLE |
| 05964H105 | SAN | Wheaton Precious Metals Corp | $11.5M | 2.77% | 71,409 | Common | SOLE |
| 04351P101 | ASNDUSD | Imperial Oil Ltd | $10.8M | 2.61% | 91,392 | Common | SOLE |
| 37954Y830 | COPX | General Electric Co | $10.2M | 2.46% | 33,199 | Common | SOLE |
| 00768Y206 | AADR | Agnico Eagle Mines Ltd | $10.1M | 2.42% | 43,230 | Common | SOLE |
| 46434G772 | EWT | RTX Corp | $8.9M | 2.15% | 48,628 | Common | SOLE |
| 008474108 | AEM | Alamos Gold Inc | $8.9M | 2.15% | 168,200 | Common | SOLE |
| 204429104 | CCU | Cia de Minas Buenaventura SAA | $7.4M | 1.78% | 265,700 | Common | SOLE |
| 02079K305 | GOOGL | Celestica Inc | $7.2M | 1.73% | 17,653 | Common | SOLE |
| 05961W105 | BMA | Suncor Energy Inc | $7.0M | 1.68% | 114,770 | Common | SOLE |
| 647581206 | EDU | Unity Software Inc | $5.4M | 1.29% | 121,722 | Common | SOLE |
| 29260V105 | DAVA | Embraer SA | $5.2M | 1.24% | 80,220 | Common | SOLE |
| 056752108 | BIDU | Pan American Silver Corp | $5.0M | 1.21% | 70,685 | Common | SOLE |
| 60687Y109 | MFG | Tesla Inc | $5.0M | 1.20% | 11,084 | Common | SOLE |
| 36828A101 | GEV | General Dynamics Corp | $4.9M | 1.17% | 14,499 | Common | SOLE |
| 369604301 | GE | GDS Holdings Ltd | $4.4M | 1.07% | 127,200 | Common | SOLE |
| 594918104 | MSFT | Teva Pharmaceutical Industries Ltd | $4.1M | 1.00% | 132,500 | Common | SOLE |
| 389638107 | ETHE | Harmony Gold Mining Co Ltd | $2.6M | 0.63% | 130,500 | Common | SOLE |
| 639057207 | NWG | Take-Two Interactive Software Inc | $2.2M | 0.53% | 8,523 | Common | SOLE |
| 780087102 | RY | Woodside Energy Group Ltd | $2.2M | 0.52% | 139,800 | Common | SOLE |
| 84858T772 | EUAD | XPeng Inc | $2.1M | 0.50% | 103,000 | Common | SOLE |
| 46625H100 | JPM | Sea Ltd | $1.8M | 0.45% | 14,500 | Common | SOLE |
| 149123101 | CAT | Barclays PLC | $1.8M | 0.43% | 69,500 | Common | SOLE |
| 37954Y855 | LIT | Gold Fields Ltd | $1.4M | 0.34% | 32,500 | Common | SOLE |
| 13321L108 | CCJ | Banco Bradesco SA | $1.3M | 0.32% | 404,900 | Common | SOLE |
| 136069101 | CM | Banco Bilbao Vizcaya Argentaria SA | $1.3M | 0.32% | 56,900 | Common | SOLE |
| 58039P305 | MUX | Sociedad Quimica y Minera de Chile SA | $1.3M | 0.31% | 18,800 | Common | SOLE |
| 15101Q207 | CLS | Baidu Inc | $1.3M | 0.31% | 9,725 | Common | SOLE |
| 26922A420 | QTUM | Daqo New Energy Corp | $1.3M | 0.30% | 42,900 | Common | SOLE |
| 20441A102 | SBS | Grupo Cibest SA | $1.2M | 0.29% | 19,200 | Common | SOLE |
| 67066G104 | NVDA | UBS Group AG | $1.2M | 0.29% | 26,200 | Common | SOLE |
| 093712107 | BE | Argenx SE | $1.2M | 0.29% | 1,430 | Common | SOLE |
| 40049J206 | TV | InterContinental Hotels Group PLC | $1.2M | 0.29% | 8,500 | Common | SOLE |
| 01609W102 | BABA | Bank of Nova Scotia/The | $1.1M | 0.28% | 11,454 | Common | SOLE |
| 46434G863 | ESGE | Mitsubishi UFJ Financial Group Inc | $1.1M | 0.27% | 71,200 | Common | SOLE |
| 464287390 | ILF | NatWest Group PLC | $1.1M | 0.27% | 63,200 | Common | SOLE |
| 22113B103 | CSAN | CRH PLC | $1.1M | 0.27% | 8,850 | Common | SOLE |
| 759530108 | RELX | Vodafone Group PLC | $1.1M | 0.27% | 83,400 | Common | SOLE |
| 617446448 | MS | Taiwan Semiconductor Manufacturing Co Ltd | $1.1M | 0.26% | 3,590 | Common | SOLE |
| 36165L108 | GDS | Futu Holdings Ltd | $1.1M | 0.26% | 6,500 | Common | SOLE |
| 64110L106 | NFLX | Grupo Televisa SAB | $1.1M | 0.25% | 362,800 | Common | SOLE |
| 464287234 | EEM | Pampa Energia SA | $1.1M | 0.25% | 11,900 | Common | SOLE |
| 606822104 | MUFG | Tencent Music Entertainment Group | $1.0M | 0.25% | 59,700 | Common | SOLE |
| 697900108 | PAAS | Vale SA | $1.0M | 0.25% | 78,200 | Common | SOLE |
| 15234Q207 | AXIA | Manulife Financial Corp | $999,000 | 0.24% | 20,000 | Common | SOLE |
| 29082A107 | EMBJ | New Oriental Education & Technology Group Inc | $996,043 | 0.24% | 18,100 | Common | SOLE |
| 453038408 | IMO | Korea Electric Power Corp | $947,100 | 0.23% | 57,400 | Common | SOLE |
| 37954Y871 | URA | Genmab A/S | $942,480 | 0.23% | 30,600 | Common | SOLE |
| 11271J107 | BN | Alibaba Group Holding Ltd | $938,112 | 0.23% | 6,400 | Common | SOLE |
| 47215P106 | JD | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | $938,068 | 0.23% | 39,332 | Common | SOLE |
| 770700102 | HOOD | Weibo Corp | $913,668 | 0.22% | 89,400 | Common | SOLE |
| 37954Y848 | SIL | Galapagos NV | $905,790 | 0.22% | 27,700 | Common | SOLE |
| 36315X101 | LKFT | Fresenius Medical Care AG | $883,722 | 0.21% | 37,100 | Common | SOLE |
| 285512109 | EA | Ecopetrol SA | $875,748 | 0.21% | 87,400 | Common | SOLE |
| 82706C108 | SIMO | YPF SA | $871,456 | 0.21% | 24,100 | Common | SOLE |
| 16411R208 | LNG | Banco Macro SA | $853,411 | 0.21% | 9,500 | Common | SOLE |
| 82982T106 | SITM | Zai Lab Ltd | $836,136 | 0.20% | 47,400 | Common | SOLE |
| 75513E101 | RTX | Woori Financial Group Inc | $828,939 | 0.20% | 14,100 | Common | SOLE |
| 443628102 | HBM | KB Financial Group Inc | $808,776 | 0.19% | 9,400 | Common | SOLE |
| 705015105 | PSO | Telefonica Brasil SA | $766,156 | 0.18% | 64,600 | Common | SOLE |
| G25508105 | CRH | Criteo SA | $741,960 | 0.18% | 36,000 | Common | SOLE |
| 011532108 | AGI | Bank of Montreal | $710,827 | 0.17% | 4,023 | Common | SOLE |
| 423403104 | MOMO | JD.com Inc | $700,280 | 0.17% | 24,400 | Common | SOLE |
| 055622104 | BP | Ascendis Pharma A/S | $697,295 | 0.17% | 3,270 | Common | SOLE |
| 54975P201 | LU | Sphere Entertainment Co | $665,560 | 0.16% | 7,000 | Common | SOLE |
| 464289180 | EUFN | Sprott Physical Gold Trust | $653,796 | 0.16% | 19,800 | Common | SOLE |
| 803866300 | SSL | WPP PLC | $619,896 | 0.15% | 27,600 | Common | SOLE |
| 47109U104 | JOF | SAP SE | $595,130 | 0.14% | 2,450 | Common | SOLE |
| 20440W105 | SID | Sprott Junior Copper Miners ETF | $585,421 | 0.14% | 14,900 | Common | SOLE |
| 36118L106 | FUTU | First Trust Japan AlphaDEX Fund | $584,423 | 0.14% | 8,700 | Common | SOLE |
| 46434G780 | EWS | RELX PLC | $578,006 | 0.14% | 14,300 | Common | SOLE |
| 443201108 | HWM | Japan Smaller Capitalization Fund Inc | $572,730 | 0.14% | 52,100 | Common | SOLE |
| 17275R102 | CSCO | Global X Copper Miners ETF | $567,141 | 0.14% | 7,900 | Common | SOLE |
| 279158109 | EC | WisdomTree Japan Hedged Equity Fund | $562,224 | 0.14% | 3,900 | Common | SOLE |
| 40090E106 | CIB | iShares U.S. Broker-Dealers & Securities Exchanges ETF | $556,047 | 0.13% | 3,100 | Common | SOLE |
| 48241A105 | KB | Sprott Gold Miners ETF | $550,077 | 0.13% | 7,900 | Common | SOLE |
| 81369Y605 | XLF | iShares MSCI Europe Financials ETF | $548,932 | 0.13% | 14,800 | Common | SOLE |
| 464286822 | EWW | Sprott Physical Silver Trust | $548,680 | 0.13% | 23,200 | Common | SOLE |
| 316841105 | FIG | iShares ESG Aware MSCI EM ETF | $547,708 | 0.13% | 12,400 | Common | SOLE |
| 226718104 | CRTO | Cosan SA | $544,310 | 0.13% | 137,800 | Common | SOLE |
| 23703Q203 | DQ | Endava PLC | $539,096 | 0.13% | 85,300 | Common | SOLE |
| 29278D105 | ENIC | WisdomTree India Earnings Fund | $518,448 | 0.12% | 11,200 | Common | SOLE |
| 30303M102 | META | Sasol Ltd | $517,545 | 0.12% | 79,500 | Common | SOLE |
| 372303206 | GMAB | VanEck Junior Gold Miners ETF | $512,010 | 0.12% | 4,500 | Common | SOLE |
| 803054204 | SAP | Wipro Ltd | $509,534 | 0.12% | 184,100 | Common | SOLE |
| 464286608 | EZU | iShares MSCI Global Metals & Mining Producers ETF | $503,132 | 0.12% | 9,800 | Common | SOLE |
| 35969L108 | YMM | Figma Inc | $493,284 | 0.12% | 13,200 | Common | SOLE |
| 33738R704 | AIRR | iShares MSCI Spain ETF | $485,190 | 0.12% | 9,000 | Common | SOLE |
| 482497104 | BEKE | Cia Siderurgica Nacional SA | $481,440 | 0.12% | 300,900 | Common | SOLE |
| 500631106 | KEP | Amplify Junior Silver Miners ETF | $478,691 | 0.12% | 17,300 | Common | SOLE |
| 26874R108 | E | iShares MSCI Peru and Global Exposure ETF | $477,510 | 0.11% | 6,600 | Common | SOLE |
| 496902404 | KGC | Global X Silver Miners ETF | $476,064 | 0.11% | 5,700 | Common | SOLE |
| 81141R100 | SE | State Street SPDR S&P Metals & Mining ETF | $466,245 | 0.11% | 4,500 | Common | SOLE |
| 37733W204 | GSK | iShares Latin America 40 ETF | $462,840 | 0.11% | 15,200 | Common | SOLE |
| 413216300 | HMY | iShares MSCI International Momentum Factor ETF | $460,512 | 0.11% | 9,600 | Common | SOLE |
| 29250N105 | ENB | iShares MSCI Emerging Markets ETF | $459,564 | 0.11% | 8,400 | Common | SOLE |
| 064149107 | BNS | First Trust RBA American Industrial Renaissance ETF | $452,272 | 0.11% | 4,600 | Common | SOLE |
| 46434V449 | IMTM | Invesco Dorsey Wright Emerging Markets Momentum ETF | $446,770 | 0.11% | 18,900 | Common | SOLE |
| 358029106 | FMS | iShares MSCI Eurozone ETF | $442,290 | 0.11% | 6,900 | Common | SOLE |
| 464289842 | EPU | First Trust Rising Dividend Achievers ETF | $437,661 | 0.11% | 6,300 | Common | SOLE |
| 46429B671 | MCHI | abrdn Physical Palladium Shares ETF | $421,602 | 0.10% | 2,900 | Common | SOLE |
| 059460303 | BBD | South Bow Corp | $419,025 | 0.10% | 11,100 | Common | SOLE |
| 46438F101 | IBIT | Lufax Holding Ltd | $416,000 | 0.10% | 162,500 | Common | SOLE |
| 399909100 | GGAL | iShares Bitcoin Trust ETF | $407,130 | 0.10% | 8,200 | Common | SOLE |
| 06738E204 | BCS | Global X MSCI Argentina ETF | $374,781 | 0.09% | 4,100 | Common | SOLE |
| 46434G822 | EWJ | abrdn Physical Platinum Shares ETF | $372,860 | 0.09% | 2,000 | Common | SOLE |
| 33738R506 | RDVY | iShares MSCI Brazil ETF | $349,470 | 0.08% | 11,000 | Common | SOLE |
| 88557W101 | QFIN | iShares MSCI USA Value Factor ETF | $341,825 | 0.08% | 2,500 | Common | SOLE |
| 35671D857 | FCX | iShares MSCI South Africa ETF | $337,120 | 0.08% | 4,900 | Common | SOLE |
| 512807306 | LRCX | VanEck Steel ETF | $322,468 | 0.08% | 3,800 | Common | SOLE |
| 05464C101 | AXON | Novagold Resources Inc | $280,384 | 0.07% | 21,905 | Common | SOLE |
| 33737J158 | FJP | iShares MSCI Japan ETF | $274,516 | 0.07% | 3,400 | Common | SOLE |
| 464286780 | EZA | VanEck Rare Earth and Strategic Metals ETF | $243,936 | 0.06% | 3,300 | Common | SOLE |
| 81369Y704 | XLI | Global X Lithium & Battery Tech ETF | $227,010 | 0.05% | 3,500 | Common | SOLE |
| 697660207 | PAM | Global X Uranium ETF | $162,374 | 0.04% | 3,800 | Common | SOLE |
| 464287861 | IEV | Newmont Corp | $139,790 | 0.03% | 1,400 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.