13F HOLDINGS REPORT
BAROMETER CAPITAL MANAGEMENT INC.
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001104659-25-111067
Total Value
$437.3M
Positions
174
Other Managers
0
Confidential Omitted
No
Holdings (174)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Agnico Eagle Mines Ltd | AEM | 82,328 | $19.3M | 4.41% |
| 2 | Bank of Montreal | 063671101 | 99,522 | $17.9M | 4.08% |
| 3 | Cameco Corp | CCJ | 148,700 | $17.4M | 3.97% |
| 4 | Banco Santander SA | BCDRF | 1,671,913 | $17.3M | 3.95% |
| 5 | Imperial Oil Ltd | IMO | 125,892 | $15.9M | 3.63% |
| 6 | Alamos Gold Inc | AGI | 301,000 | $14.6M | 3.34% |
| 7 | GE Vernova Inc | GEV | 22,887 | $14.1M | 3.22% |
| 8 | NVIDIA Corp | NVDA | 74,722 | $13.9M | 3.19% |
| 9 | Howmet Aerospace Inc | HWM | 70,630 | $13.9M | 3.17% |
| 10 | Hudbay Minerals Inc | HBM | 642,850 | $13.6M | 3.10% |
| 11 | Alphabet Inc | GOOG | 54,115 | $13.2M | 3.01% |
| 12 | Wheaton Precious Metals Corp | WPM | 84,150 | $13.1M | 3.00% |
| 13 | JPMorgan Chase & Co | VYLD | 41,278 | $13.0M | 2.96% |
| 14 | Meta Platforms Inc | META | 15,557 | $11.4M | 2.61% |
| 15 | General Electric Co | 369604301 | 34,538 | $10.4M | 2.38% |
| 16 | Royal Bank of Canada | 780087102 | 48,639 | $9.9M | 2.26% |
| 17 | Suncor Energy Inc | SU | 159,140 | $9.3M | 2.12% |
| 18 | Microsoft Corp | MSFT | 17,333 | $9.0M | 2.05% |
| 19 | Morgan Stanley | MS-PQ | 53,447 | $8.4M | 1.93% |
| 20 | Celestica Inc | CLS | 23,963 | $8.2M | 1.88% |
| 21 | Cheniere Energy Inc | LNG | 30,330 | $7.1M | 1.63% |
| 22 | RTX Corp | RTX | 42,478 | $7.1M | 1.63% |
| 23 | Pan American Silver Corp | 697900108 | 131,300 | $7.1M | 1.62% |
| 24 | Stantec Inc | STN | 46,990 | $7.1M | 1.61% |
| 25 | Caterpillar Inc | CAT | 12,400 | $5.9M | 1.35% |
| 26 | Sea Ltd | SE | 31,990 | $5.7M | 1.31% |
| 27 | Unity Software Inc | U | 131,722 | $5.3M | 1.21% |
| 28 | Lam Research Corp | LRCX | 35,210 | $4.7M | 1.08% |
| 29 | Embraer SA | EMBJ | 77,230 | $4.7M | 1.07% |
| 30 | Electronic Arts Inc | EA | 22,326 | $4.5M | 1.03% |
| 31 | Broadcom Inc | AVGO | 13,063 | $4.3M | 0.99% |
| 32 | Cisco Systems Inc | CSCO | 62,650 | $4.3M | 0.97% |
| 33 | Enbridge Inc | ENNPF | 60,280 | $4.2M | 0.97% |
| 34 | Netflix Inc | NFLX | 3,507 | $4.2M | 0.96% |
| 35 | Telkom Indonesia Persero Tbk PT | 715684106 | 223,200 | $4.2M | 0.96% |
| 36 | GDS Holdings Ltd | GDHLF | 93,600 | $3.6M | 0.83% |
| 37 | Take-Two Interactive Software Inc | TTWO | 12,623 | $3.3M | 0.75% |
| 38 | Kinross Gold Corp | KGCRF | 86,050 | $3.0M | 0.68% |
| 39 | Harmony Gold Mining Co Ltd | HGMCF | 122,519 | $2.2M | 0.51% |
| 40 | Verona Pharma PLC | 925050106 | 19,500 | $2.1M | 0.48% |
| 41 | Axon Enterprise Inc | AXON | 2,832 | $2.0M | 0.46% |
| 42 | Cia de Minas Buenaventura SAA | 204448104 | 80,922 | $2.0M | 0.45% |
| 43 | Woodside Energy Group Ltd | WOPEF | 129,306 | $1.9M | 0.44% |
| 44 | XPeng Inc | XPNGF | 82,800 | $1.9M | 0.44% |
| 45 | Barclays PLC | BCLYF | 77,165 | $1.6M | 0.36% |
| 46 | Gold Fields Ltd | GFIOF | 36,346 | $1.5M | 0.35% |
| 47 | Zai Lab Ltd | ZLAB | 41,900 | $1.4M | 0.32% |
| 48 | Futu Holdings Ltd | FUTU | 7,708 | $1.3M | 0.31% |
| 49 | SiTime Corp | SITM | 4,300 | $1.3M | 0.30% |
| 50 | Baidu Inc | BAIDF | 9,665 | $1.3M | 0.29% |
| 51 | Bloom Energy Corp | BE | 15,000 | $1.3M | 0.29% |
| 52 | Tencent Music Entertainment Group | XHLD | 52,700 | $1.2M | 0.28% |
| 53 | Taiwan Semiconductor Manufacturing Co Ltd | 874039100 | 4,403 | $1.2M | 0.28% |
| 54 | Banco Bilbao Vizcaya Argentaria SA | BBVXF | 63,763 | $1.2M | 0.28% |
| 55 | Banco Bradesco SA | 059460303 | 357,600 | $1.2M | 0.27% |
| 56 | Anglogold Ashanti Plc | AU | 15,900 | $1.1M | 0.26% |
| 57 | NatWest Group PLC | RBSPF | 77,724 | $1.1M | 0.25% |
| 58 | InterContinental Hotels Group PLC | 45857P806 | 8,848 | $1.1M | 0.25% |
| 59 | Daqo New Energy Corp | DQ | 37,900 | $1.1M | 0.24% |
| 60 | Brookfield Corp | 11271J107 | 16,125 | $1.0M | 0.23% |
| 61 | HSBC Holdings PLC | HBCYF | 14,480 | $1.0M | 0.23% |
| 62 | Sumitomo Mitsui Financial Group Inc | 86562M209 | 60,054 | $1.0M | 0.23% |
| 63 | Weibo Corp | WEIBF | 78,900 | $978,360 | 0.22% |
| 64 | Galapagos NV | GLPGF | 27,617 | $956,653 | 0.22% |
| 65 | Enel Chile SA | ENIC | 245,402 | $954,614 | 0.22% |
| 66 | Genmab A/S | GNMSF | 30,937 | $948,838 | 0.22% |
| 67 | KB Financial Group Inc | 48241A105 | 11,343 | $940,449 | 0.22% |
| 68 | UBS Group AG | UBS | 22,789 | $934,349 | 0.21% |
| 69 | Mitsubishi UFJ Financial Group Inc | 606822104 | 58,500 | $932,490 | 0.21% |
| 70 | iShares Bitcoin Trust ETF | IBIT | 13,900 | $903,500 | 0.21% |
| 71 | Korea Electric Power Corp | 500631106 | 67,715 | $883,681 | 0.20% |
| 72 | Fresenius Medical Care AG | FMCQF | 32,800 | $863,624 | 0.20% |
| 73 | Grupo Televisa SAB | GRPFF | 320,400 | $861,876 | 0.20% |
| 74 | Robinhood Markets Inc | 770700102 | 6,000 | $859,080 | 0.20% |
| 75 | Vodafone Group PLC | 92857W308 | 73,600 | $853,760 | 0.20% |
| 76 | New Oriental Education & Technology Group Inc | 647581206 | 16,000 | $849,120 | 0.19% |
| 77 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | SBS | 33,700 | $838,793 | 0.19% |
| 78 | Freeport-McMoRan Inc | FCX | 21,240 | $830,055 | 0.19% |
| 79 | CRH PLC | CRH | 6,650 | $797,335 | 0.18% |
| 80 | Ascendis Pharma A/S | ASND | 3,904 | $776,155 | 0.18% |
| 81 | JD.com Inc | JDCMF | 21,600 | $755,568 | 0.17% |
| 82 | Qfin Holdings Inc | QFNHF | 26,138 | $752,252 | 0.17% |
| 83 | Vale SA | VALE | 69,100 | $750,426 | 0.17% |
| 84 | Telefonica Brasil SA | VIV | 57,100 | $725,564 | 0.17% |
| 85 | Sociedad Quimica y Minera de Chile SA | 833635105 | 16,600 | $713,468 | 0.16% |
| 86 | Ecopetrol SA | EC | 77,200 | $711,012 | 0.16% |
| 87 | Bank of Nova Scotia/The | 064149107 | 7,860 | $698,786 | 0.16% |
| 88 | Woori Financial Group Inc | 981064108 | 12,400 | $696,260 | 0.16% |
| 89 | Figma Inc | FIG | 13,200 | $684,684 | 0.16% |
| 90 | Sprott Physical Gold Trust | SII | 22,100 | $654,602 | 0.15% |
| 91 | Grayscale Ethereum Trust ETF | 389638107 | 18,600 | $637,422 | 0.15% |
| 92 | Pampa Energia SA | 697660207 | 10,500 | $630,630 | 0.14% |
| 93 | RELX PLC | RLXXF | 12,600 | $601,776 | 0.14% |
| 94 | WPP PLC | WPPGF | 24,400 | $598,208 | 0.14% |
| 95 | McEwen Inc | MUX | 25,000 | $596,250 | 0.14% |
| 96 | Lufax Holding Ltd | LU | 143,500 | $582,610 | 0.13% |
| 97 | Sprott Physical Gold Trust | SII | 14,100 | $581,202 | 0.13% |
| 98 | Sprott Physical Silver Trust | SII | 37,000 | $580,900 | 0.13% |
| 99 | State Street SPDR S&P Metals & Mining ETF | 78464A755 | 6,200 | $577,778 | 0.13% |
| 100 | SAP SE | SAPGF | 2,150 | $574,502 | 0.13% |
| 101 | Cosan SA | CSAN | 121,700 | $559,820 | 0.13% |
| 102 | Banco Macro SA | 05961W105 | 12,571 | $528,595 | 0.12% |
| 103 | YPF SA | YPF | 21,300 | $517,377 | 0.12% |
| 104 | Sasol Ltd | SASOF | 82,621 | $513,903 | 0.12% |
| 105 | Global X Silver Miners ETF | 37954Y848 | 6,600 | $472,758 | 0.11% |
| 106 | Financial Select Sector SPDR Fund | 81369Y605 | 8,740 | $470,824 | 0.11% |
| 107 | Sprott Gold Miners ETF | SII | 7,500 | $465,000 | 0.11% |
| 108 | iShares MSCI Mexico ETF | 464286822 | 6,800 | $463,828 | 0.11% |
| 109 | Cia Siderurgica Nacional SA | 20440W105 | 298,459 | $447,689 | 0.10% |
| 110 | Japan Smaller Capitalization Fund Inc | JOF | 42,500 | $444,032 | 0.10% |
| 111 | iShares MSCI Intl Momentum Factor ETF | 46434V449 | 9,100 | $435,708 | 0.10% |
| 112 | Wipro Ltd | WIT | 163,100 | $428,953 | 0.10% |
| 113 | Sprott Junior Copper Miners ETF | SII | 13,200 | $420,156 | 0.10% |
| 114 | Defiance Quantum ETF | 26922A420 | 3,800 | $398,658 | 0.09% |
| 115 | iShares MSCI Europe Financials ETF | 464289180 | 11,450 | $393,193 | 0.09% |
| 116 | VanEck Junior Gold Miners ETF | 92189F791 | 3,900 | $386,217 | 0.09% |
| 117 | iShares ESG Aware MSCI EM ETF | 46434G863 | 8,800 | $382,096 | 0.09% |
| 118 | iShares MSCI China ETF | 46429B671 | 5,800 | $381,930 | 0.09% |
| 119 | iShares MSCI Emerging Markets ETF | 464287234 | 7,100 | $379,140 | 0.09% |
| 120 | Canadian Imperial Bank of Commerce | CNDIF | 3,404 | $378,559 | 0.09% |
| 121 | Vanguard FTSE All-World ex-US ETF | 922042775 | 5,200 | $371,124 | 0.08% |
| 122 | Select STOXX Europe Aerospace & Defense ETF | 84858T772 | 7,900 | $371,063 | 0.08% |
| 123 | iShares MSCI Singapore ETF | 46434G780 | 12,900 | $365,586 | 0.08% |
| 124 | iShares MSCI Spain ETF | 464286764 | 7,100 | $351,450 | 0.08% |
| 125 | Global X Copper Miners ETF | 37954Y830 | 5,860 | $350,487 | 0.08% |
| 126 | SPDR S&P 500 ETF Trust | SPY | 525 | $349,745 | 0.08% |
| 127 | iShares MSCI South Africa ETF | 464286780 | 5,000 | $320,500 | 0.07% |
| 128 | iShares MSCI Taiwan ETF | 46434G772 | 5,000 | $318,100 | 0.07% |
| 129 | iShares Asia 50 ETF | 464288430 | 3,300 | $312,180 | 0.07% |
| 130 | VanEck Uranium and Nuclear ETF | 92189F601 | 2,300 | $311,995 | 0.07% |
| 131 | First Trust Rising Dividend Achievers ETF | 33738R506 | 4,390 | $295,272 | 0.07% |
| 132 | First Trust Japan AlphaDEX Fund | 33737J158 | 4,500 | $293,243 | 0.07% |
| 133 | iShares MSCI Peru and Global Exposure ETF | 464289842 | 4,700 | $289,050 | 0.07% |
| 134 | Alibaba Group Holding Ltd | BBAAY | 1,604 | $286,683 | 0.07% |
| 135 | Global X Uranium ETF | 37954Y871 | 5,830 | $277,917 | 0.06% |
| 136 | Trip.com Group Ltd | TRPCF | 3,527 | $265,231 | 0.06% |
| 137 | iShares MSCI Japan ETF | 46434G822 | 3,300 | $264,693 | 0.06% |
| 138 | Mizuho Financial Group Inc | MZHOF | 37,072 | $248,383 | 0.06% |
| 139 | iShares Core Dividend Growth ETF | 46434V621 | 3,600 | $245,088 | 0.06% |
| 140 | iShares Europe ETF | 464287861 | 3,600 | $235,728 | 0.05% |
| 141 | AdvisorShares Dorsey Wright ADR ETF | 00768Y206 | 2,700 | $234,252 | 0.05% |
| 142 | Full Truck Alliance Co Ltd | YMM | 18,017 | $231,932 | 0.05% |
| 143 | iShares International Select Dividend ETF | 464288448 | 6,300 | $230,265 | 0.05% |
| 144 | iShares Latin America 40 ETF | 464287390 | 7,900 | $228,231 | 0.05% |
| 145 | Grupo Cibest SA | CIB | 4,114 | $213,682 | 0.05% |
| 146 | Global X Lithium & Battery Tech ETF | 37954Y855 | 3,400 | $193,290 | 0.04% |
| 147 | Silicon Motion Technology Corp | SIMO | 2,036 | $193,034 | 0.04% |
| 148 | iShares MSCI Eurozone ETF | 464286608 | 3,100 | $192,014 | 0.04% |
| 149 | Grupo Financiero Galicia SA | GGAL | 6,884 | $189,291 | 0.04% |
| 150 | Endava PLC | DAVA | 20,000 | $182,000 | 0.04% |
| 151 | iShares U.S. Aerospace & Defense ETF | 464288760 | 790 | $165,316 | 0.04% |
| 152 | Vanguard Information Technology ETF | 92204A702 | 210 | $156,793 | 0.04% |
| 153 | ASML Holding NV | ASMLF | 162 | $156,553 | 0.04% |
| 154 | ArcelorMittal SA | ARCXF | 4,269 | $154,325 | 0.04% |
| 155 | State Street SPDR S&P Capital Markets ETF | 78464A771 | 1,000 | $152,850 | 0.03% |
| 156 | VanEck Rare Earth and Strategic Metals ETF | 92189H805 | 2,300 | $151,386 | 0.03% |
| 157 | Grupo Aeroportuario del Centro Norte SAB de CV | 400501102 | 1,450 | $150,612 | 0.03% |
| 158 | Turkcell Iletisim Hizmetleri AS | TKC | 24,916 | $149,995 | 0.03% |
| 159 | KE Holdings Inc | BEKE | 7,847 | $149,093 | 0.03% |
| 160 | TIM SA/Brazil | TIMB | 6,634 | $146,796 | 0.03% |
| 161 | GSK PLC | GLAXF | 3,323 | $143,421 | 0.03% |
| 162 | Axia Energia | 15234Q207 | 14,325 | $142,104 | 0.03% |
| 163 | Pearson PLC | PSORF | 10,011 | $141,756 | 0.03% |
| 164 | VanEck Africa Index ETF | 92189F866 | 5,700 | $138,909 | 0.03% |
| 165 | Hello Group Inc | MOMO | 17,304 | $128,396 | 0.03% |
| 166 | Eni SpA | 26874R108 | 3,653 | $127,673 | 0.03% |
| 167 | Industrial Select Sector SPDR Fund | 81369Y704 | 800 | $123,384 | 0.03% |
| 168 | BP PLC | BPPFF | 3,450 | $118,887 | 0.03% |
| 169 | ZTO Express Cayman Inc | ZTOEF | 6,114 | $117,389 | 0.03% |
| 170 | United Microelectronics Corp | UMC | 15,447 | $117,089 | 0.03% |
| 171 | First Trust RBA American Industrial Renaissance ETF | 33738R704 | 1,200 | $116,016 | 0.03% |
| 172 | Cia Cervecerias Unidas SA | 204429104 | 9,543 | $115,662 | 0.03% |
| 173 | Criteo SA | CRTO | 4,868 | $110,017 | 0.03% |
| 174 | TotalEnergies SE | TTE | 1,789 | $106,786 | 0.02% |