13F HOLDINGS REPORT

BAROMETER CAPITAL MANAGEMENT INC.

Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001104659-26-013670

Total Value

$415.3M

Positions

131

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (131)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Kinross Gold Corp	ASMLF	505,290	$19.5M	4.70%
2	Banco Santander SA	464288760	1,569,380	$18.4M	4.43%
3	Royal Bank of Canada	BBVXF	69,412	$16.1M	3.88%
4	Alphabet Inc	GFIOF	47,582	$14.9M	3.59%
5	Morgan Stanley	46434V621	78,367	$13.8M	3.33%
6	Caterpillar Inc	204448104	23,794	$13.6M	3.27%
7	JPMorgan Chase & Co	HBCYF	41,574	$13.3M	3.21%
8	Hudbay Minerals Inc	ARCXF	481,960	$13.1M	3.16%
9	Howmet Aerospace Inc	400501102	63,280	$13.0M	3.12%
10	NVIDIA Corp	464288448	68,487	$12.8M	3.08%
11	Lam Research Corp	464288430	73,710	$12.6M	3.04%
12	Canadian Imperial Bank of Commerce	AU	99,139	$12.3M	2.97%
13	Eli Lilly & Co	45857P806	11,452	$12.3M	2.96%
14	Apple Inc	063671101	43,045	$11.7M	2.82%
15	Rio Tinto PLC	464286764	145,250	$11.6M	2.80%
16	Broadcom Inc	AVGO	33,464	$11.6M	2.79%
17	Wheaton Precious Metals Corp	BCDRF	71,409	$11.5M	2.77%
18	Imperial Oil Ltd	ASND	91,392	$10.8M	2.61%
19	General Electric Co	37954Y830	33,199	$10.2M	2.46%
20	Agnico Eagle Mines Ltd	00768Y206	43,230	$10.1M	2.42%
21	RTX Corp	46434G772	48,628	$8.9M	2.15%
22	Alamos Gold Inc	AEM	168,200	$8.9M	2.15%
23	Cia de Minas Buenaventura SAA	204429104	265,700	$7.4M	1.78%
24	Celestica Inc	GOOG	17,653	$7.2M	1.73%
25	Suncor Energy Inc	05961W105	114,770	$7.0M	1.68%
26	Unity Software Inc	647581206	121,722	$5.4M	1.29%
27	Embraer SA	DAVA	80,220	$5.2M	1.24%
28	Pan American Silver Corp	BAIDF	70,685	$5.0M	1.21%
29	Tesla Inc	MZHOF	11,084	$5.0M	1.20%
30	General Dynamics Corp	GEV	14,499	$4.9M	1.17%
31	GDS Holdings Ltd	369604301	127,200	$4.4M	1.07%
32	Teva Pharmaceutical Industries Ltd	MSFT	132,500	$4.1M	1.00%
33	Harmony Gold Mining Co Ltd	389638107	130,500	$2.6M	0.63%
34	Take-Two Interactive Software Inc	RBSPF	8,523	$2.2M	0.53%
35	Woodside Energy Group Ltd	780087102	139,800	$2.2M	0.52%
36	XPeng Inc	84858T772	103,000	$2.1M	0.50%
37	Sea Ltd	VYLD	14,500	$1.8M	0.45%
38	Barclays PLC	CAT	69,500	$1.8M	0.43%
39	Gold Fields Ltd	37954Y855	32,500	$1.4M	0.34%
40	Banco Bradesco SA	CCJ	404,900	$1.3M	0.32%
41	Banco Bilbao Vizcaya Argentaria SA	CNDIF	56,900	$1.3M	0.32%
42	Sociedad Quimica y Minera de Chile SA	MUX	18,800	$1.3M	0.31%
43	Baidu Inc	CLS	9,725	$1.3M	0.31%
44	Daqo New Energy Corp	26922A420	42,900	$1.3M	0.30%
45	Grupo Cibest SA	SBS	19,200	$1.2M	0.29%
46	UBS Group AG	NVDA	26,200	$1.2M	0.29%
47	Argenx SE	BE	1,430	$1.2M	0.29%
48	InterContinental Hotels Group PLC	GRPFF	8,500	$1.2M	0.29%
49	Bank of Nova Scotia/The	BBAAY	11,454	$1.1M	0.28%
50	Mitsubishi UFJ Financial Group Inc	46434G863	71,200	$1.1M	0.27%
51	NatWest Group PLC	464287390	63,200	$1.1M	0.27%
52	CRH PLC	CSAN	8,850	$1.1M	0.27%
53	Vodafone Group PLC	RLXXF	83,400	$1.1M	0.27%
54	Taiwan Semiconductor Manufacturing Co Ltd	MS-PQ	3,590	$1.1M	0.26%
55	Futu Holdings Ltd	GDHLF	6,500	$1.1M	0.26%
56	Grupo Televisa SAB	NFLX	362,800	$1.1M	0.25%
57	Pampa Energia SA	464287234	11,900	$1.1M	0.25%
58	Tencent Music Entertainment Group	606822104	59,700	$1.0M	0.25%
59	Vale SA	697900108	78,200	$1.0M	0.25%
60	Manulife Financial Corp	15234Q207	20,000	$999,000	0.24%
61	New Oriental Education & Technology Group Inc	EMBJ	18,100	$996,043	0.24%
62	Korea Electric Power Corp	IMO	57,400	$947,100	0.23%
63	Genmab A/S	37954Y871	30,600	$942,480	0.23%
64	Alibaba Group Holding Ltd	11271J107	6,400	$938,112	0.23%
65	Cia de Saneamento Basico do Estado de Sao Paulo SABESP	JDCMF	39,332	$938,068	0.23%
66	Weibo Corp	770700102	89,400	$913,668	0.22%
67	Galapagos NV	37954Y848	27,700	$905,790	0.22%
68	Fresenius Medical Care AG	GLPGF	37,100	$883,722	0.21%
69	Ecopetrol SA	EA	87,400	$875,748	0.21%
70	YPF SA	SIMO	24,100	$871,456	0.21%
71	Banco Macro SA	LNG	9,500	$853,411	0.21%
72	Zai Lab Ltd	SITM	47,400	$836,136	0.20%
73	Woori Financial Group Inc	RTX	14,100	$828,939	0.20%
74	KB Financial Group Inc	HBM	9,400	$808,776	0.19%
75	Telefonica Brasil SA	PSORF	64,600	$766,156	0.18%
76	Criteo SA	CRH	36,000	$741,960	0.18%
77	Bank of Montreal	AGI	4,023	$710,827	0.17%
78	JD.com Inc	MOMO	24,400	$700,280	0.17%
79	Ascendis Pharma A/S	BPPFF	3,270	$697,295	0.17%
80	Sphere Entertainment Co	LU	7,000	$665,560	0.16%
81	Sprott Physical Gold Trust	464289180	19,800	$653,796	0.16%
82	WPP PLC	SASOF	27,600	$619,896	0.15%
83	SAP SE	JOF	2,450	$595,130	0.14%
84	Sprott Junior Copper Miners ETF	20440W105	14,900	$585,421	0.14%
85	First Trust Japan AlphaDEX Fund	FUTU	8,700	$584,423	0.14%
86	RELX PLC	46434G780	14,300	$578,006	0.14%
87	Japan Smaller Capitalization Fund Inc	HWM	52,100	$572,730	0.14%
88	Global X Copper Miners ETF	CSCO	7,900	$567,141	0.14%
89	WisdomTree Japan Hedged Equity Fund	EC	3,900	$562,224	0.14%
90	iShares U.S. Broker-Dealers & Securities Exchanges ETF	CIB	3,100	$556,047	0.13%
91	Sprott Gold Miners ETF	48241A105	7,900	$550,077	0.13%
92	iShares MSCI Europe Financials ETF	81369Y605	14,800	$548,932	0.13%
93	Sprott Physical Silver Trust	464286822	23,200	$548,680	0.13%
94	iShares ESG Aware MSCI EM ETF	FIG	12,400	$547,708	0.13%
95	Cosan SA	CRTO	137,800	$544,310	0.13%
96	Endava PLC	DQ	85,300	$539,096	0.13%
97	WisdomTree India Earnings Fund	ENIC	11,200	$518,448	0.12%
98	Sasol Ltd	META	79,500	$517,545	0.12%
99	VanEck Junior Gold Miners ETF	GNMSF	4,500	$512,010	0.12%
100	Wipro Ltd	SAPGF	184,100	$509,534	0.12%
101	iShares MSCI Global Metals & Mining Producers ETF	464286608	9,800	$503,132	0.12%
102	Figma Inc	YMM	13,200	$493,284	0.12%
103	iShares MSCI Spain ETF	33738R704	9,000	$485,190	0.12%
104	Cia Siderurgica Nacional SA	BEKE	300,900	$481,440	0.12%
105	Amplify Junior Silver Miners ETF	500631106	17,300	$478,691	0.12%
106	iShares MSCI Peru and Global Exposure ETF	26874R108	6,600	$477,510	0.11%
107	Global X Silver Miners ETF	KGCRF	5,700	$476,064	0.11%
108	State Street SPDR S&P Metals & Mining ETF	SE	4,500	$466,245	0.11%
109	iShares Latin America 40 ETF	GLAXF	15,200	$462,840	0.11%
110	iShares MSCI International Momentum Factor ETF	HGMCF	9,600	$460,512	0.11%
111	iShares MSCI Emerging Markets ETF	ENNPF	8,400	$459,564	0.11%
112	First Trust RBA American Industrial Renaissance ETF	064149107	4,600	$452,272	0.11%
113	Invesco Dorsey Wright Emerging Markets Momentum ETF	46434V449	18,900	$446,770	0.11%
114	iShares MSCI Eurozone ETF	FMCQF	6,900	$442,290	0.11%
115	First Trust Rising Dividend Achievers ETF	464289842	6,300	$437,661	0.11%
116	abrdn Physical Palladium Shares ETF	46429B671	2,900	$421,602	0.10%
117	South Bow Corp	059460303	11,100	$419,025	0.10%
118	Lufax Holding Ltd	IBIT	162,500	$416,000	0.10%
119	iShares Bitcoin Trust ETF	GGAL	8,200	$407,130	0.10%
120	Global X MSCI Argentina ETF	BCLYF	4,100	$374,781	0.09%
121	abrdn Physical Platinum Shares ETF	46434G822	2,000	$372,860	0.09%
122	iShares MSCI Brazil ETF	33738R506	11,000	$349,470	0.08%
123	iShares MSCI USA Value Factor ETF	QFNHF	2,500	$341,825	0.08%
124	iShares MSCI South Africa ETF	FCX	4,900	$337,120	0.08%
125	VanEck Steel ETF	LRCX	3,800	$322,468	0.08%
126	Novagold Resources Inc	AXON	21,905	$280,384	0.07%
127	iShares MSCI Japan ETF	33737J158	3,400	$274,516	0.07%
128	VanEck Rare Earth and Strategic Metals ETF	464286780	3,300	$243,936	0.06%
129	Global X Lithium & Battery Tech ETF	81369Y704	3,500	$227,010	0.05%
130	Global X Uranium ETF	697660207	3,800	$162,374	0.04%
131	Newmont Corp	464287861	1,400	$139,790	0.03%