BAROMETER CAPITAL MANAGEMENT INC.
Long book
$292.2M
Q1 2026
Positions
114
Top-10 weight
40%
concentration
Last quarter
+0.5%
SPY +14.8%
Turnover
68%
of book per quarter
Strategy in plain words
auto-generated from filingsBAROMETER CAPITAL MANAGEMENT INC. is a diversified fundamental manager, running a $292.2M US long book across 114 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SUNCOR ENERGY INC, ALAMOS GOLD INC-CLASS A, NUTRIEN LTD, CANADIAN PACIFIC KANSAS CITY, IMPERIAL OIL LTD.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+7.8%
Q3 2024
-0.3%
Q4 2024
+2.7%
Q1 2025
+12.0%
Q2 2025
+10.2%
Q3 2025
+5.7%
Q4 2025
+4.0%
Q1 2026
+0.5%
Sector allocation
Industrials 30%
Energy 22%
Materials 18%
Financials 12%
Other 9%
Consumer staples 5%
Technology 4%
Long book by quarter
What does BAROMETER CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SU SUNCOR ENERGY INC | Energy | 151.0K | $13.9M | 4.8% | New |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 221.4K | $13.7M | 4.7% | +5403.4% |
| NTR NUTRIEN LTD | Other | 125.3K | $13.2M | 4.5% | New |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 115.0K | $12.6M | 4.3% | New |
| IMO IMPERIAL OIL LTD | Energy | 65.9K | $12.0M | 4.1% | +14.8% |
| CAT CATERPILLAR INC | Industrials | 16.5K | $11.7M | 4.0% | -76.2% |
| HWM HOWMET AEROSPACE INC | Industrials | 49.5K | $11.4M | 3.9% | -4.9% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 72.7K | $9.6M | 3.3% | +27.7% |
| AEM AGNICO EAGLE MINES LTD | Materials | 33.0K | $9.3M | 3.2% | -80.4% |
| BG BUNGE GLOBAL SA | Consumer staples | 70.7K | $9.0M | 3.1% | New |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 127.2K | $8.6M | 3.0% | New |
| BMO BANK OF MONTREAL | Financials | 44.5K | $8.3M | 2.8% | +3.4% |
| RTX RTX CORP | Industrials | 41.4K | $8.0M | 2.7% | +193.5% |
| ENB ENBRIDGE INC | Energy | 97.8K | $7.4M | 2.5% | +1064.3% |
| NVDA NVIDIA CORP | Technology | 35.5K | $6.2M | 2.1% | +35.5% |
| KGC KINROSS GOLD CORP | Materials | 132.6K | $5.6M | 1.9% | +2226.3% |
| GD GENERAL DYNAMICS CORP | Industrials | 13.5K | $4.6M | 1.6% | New |
| GEV GE VERNOVA INC | Industrials | 5.0K | $4.4M | 1.5% | -65.2% |
| CDDRF HEADWATER EXPLORATION INC | — | 328.2K | $4.2M | 1.4% | New |
| MFC MANULIFE FINANCIAL CORP | Financials | 73.7K | $3.5M | 1.2% | New |
| BWXT BWX TECHNOLOGIES INC | Industrials | 13.8K | $2.8M | 1.0% | New |
| AU ANGLOGOLD ASHANTI PLC | Materials | 24.1K | $2.3M | 0.8% | -75.7% |
| CCJ CAMECO CORP | Materials | 12.8K | $1.9M | 0.7% | -96.8% |
| STM STMICROELECTRONICS NV-NY SHS | Technology | 50.4K | $1.7M | 0.6% | New |
| UBS UBS GROUP AG-REG | Financials | 32.8K | $1.2M | 0.4% | New |
| CRH CRH PLC | Industrials | 11.1K | $1.2M | 0.4% | -69.3% |
| HBM HUDBAY MINERALS INC | Materials | 33.8K | $983K | 0.3% | +259.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 114 | $292.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 131 | $415.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 174 | $437.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 180 | $361.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 147 | $268.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 182 | $249.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 161 | $346.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 173 | $259.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 173 | $385.5M | canonical | SEC ↗ |
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