# EDGAR Filing Document

**Accession Number:** 0001536890
**File Stem:** 0001104659-26-058968
**Filing Date:** 2026-5
**Character Count:** 15406
**Document Hash:** 7d521e711eb2c5a319c338e559e8b8dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-058968.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001104659-26-058968

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAROMETER CAPITAL MANAGEMENT INC.
- **CENTRAL INDEX KEY:** 0001536890

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15883
- **FILM NUMBER:** 26965784

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 181 BAY STREET
- **STREET 2:** SUITE 3220
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5J 2T3
- **BUSINESS PHONE:** 416 601 1683

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 181 BAY STREET
- **STREET 2:** SUITE 3220
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5J 2T3

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BAROMETER CAPITAL MANAGEMENT INC.<br>**Address:** 181 BAY STREET<br>SUITE 3220<br>TORONTO, A6 M5J 2T3

**Form 13F File Number:** 028-15883

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ron Kelterborn<br>**Title:** Chief Compliance Officer<br>**Phone:** 416-601-6888

**Signature, Place, and Date of Signing:**

/s/ Ron Kelterborn  Toronto, A6  05-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 114

**Form 13F Information Table Value Total:** $292154316

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Agnico Eagle Mines Ltd | Common | 008474108 |  | 9318210 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| Alamos Gold Inc | Common | 011532108 |  | 13702446 | 221400 | SH |  | SOLE |  | 221400 | 0 | 0 |
| Alibaba Group Holding Ltd | Common | 01609W102 |  | 991134 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| Amplify Junior Silver Miners ETF | ETP | 032108649 |  | 633036 | 21300 | SH |  | SOLE |  | 21300 | 0 | 0 |
| Anglogold Ashanti Plc | Common | G0378L100 |  | 2346376 | 24100 | SH |  | SOLE |  | 24100 | 0 | 0 |
| Argenx SE | Common | 04016X101 |  | 1131888 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| Ascendis Pharma A/S | Common | 04351P101 |  | 953804 | 4170 | SH |  | SOLE |  | 4170 | 0 | 0 |
| ASE Technology Holding Co Ltd | Common | 00215W100 |  | 3002680 | 138500 | SH |  | SOLE |  | 138500 | 0 | 0 |
| Baidu Inc | Common | 056752108 |  | 1518098 | 13625 | SH |  | SOLE |  | 13625 | 0 | 0 |
| Banco Bilbao Vizcaya Argentaria SA | Common | 05946K101 |  | 1651331 | 78600 | SH |  | SOLE |  | 78600 | 0 | 0 |
| Banco Bradesco SA | Common | 059460303 |  | 2011836 | 560900 | SH |  | SOLE |  | 560900 | 0 | 0 |
| Banco Macro SA | Common | 05961W105 |  | 2094006 | 27200 | SH |  | SOLE |  | 27200 | 0 | 0 |
| Banco Santander SA | Common | 05964H105 |  | 2413704 | 216600 | SH |  | SOLE |  | 216600 | 0 | 0 |
| Bank of Montreal | Common | 063671101 |  | 8317108 | 44500 | SH |  | SOLE |  | 44500 | 0 | 0 |
| Barclays PLC | Common | 06738E204 |  | 1830340 | 86500 | SH |  | SOLE |  | 86500 | 0 | 0 |
| Bunge Global SA | Common | H11356104 |  | 8993040 | 70700 | SH |  | SOLE |  | 70700 | 0 | 0 |
| BWX Technologies Inc | Common | 05605H100 |  | 2821962 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| Cameco Corp | Common | 13321L108 |  | 1932544 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| Canadian Imperial Bank of Commerce | Common | 136069101 |  | 9579494 | 72660 | SH |  | SOLE |  | 72660 | 0 | 0 |
| Canadian Natural Resources Ltd | Common | 136385101 |  | 8630520 | 127200 | SH |  | SOLE |  | 127200 | 0 | 0 |
| Canadian Pacific Kansas City Ltd | Common | 13646K108 |  | 12589050 | 115000 | SH |  | SOLE |  | 115000 | 0 | 0 |
| Caterpillar Inc | Common | 149123101 |  | 11690007 | 16532 | SH |  | SOLE |  | 16532 | 0 | 0 |
| Cia de Minas Buenaventura SAA | Common | 204448104 |  | 2598670 | 74200 | SH |  | SOLE |  | 74200 | 0 | 0 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Common | 20441A102 |  | 296752 | 48632 | SH |  | SOLE |  | 48632 | 0 | 0 |
| Cia Siderurgica Nacional SA | Common | 20440W105 |  | 464752 | 374800 | SH |  | SOLE |  | 374800 | 0 | 0 |
| Cosan SA | Common | 22113B103 |  | 706992 | 171600 | SH |  | SOLE |  | 171600 | 0 | 0 |
| CRH PLC | Common | G25508105 |  | 1161576 | 11050 | SH |  | SOLE |  | 11050 | 0 | 0 |
| Criteo SA | Common | 226718104 |  | 805057 | 44900 | SH |  | SOLE |  | 44900 | 0 | 0 |
| Daqo New Energy Corp | Common | 23703Q203 |  | 1137945 | 53500 | SH |  | SOLE |  | 53500 | 0 | 0 |
| Ecopetrol SA | Common | 279158109 |  | 1557948 | 109000 | SH |  | SOLE |  | 109000 | 0 | 0 |
| Embraer SA | Common | 29082A107 |  | 1121526 | 18900 | SH |  | SOLE |  | 18900 | 0 | 0 |
| Enbridge Inc | Common | 29250N105 |  | 7369230 | 97800 | SH |  | SOLE |  | 97800 | 0 | 0 |
| Endava PLC | Common | 29260V105 |  | 469846 | 106300 | SH |  | SOLE |  | 106300 | 0 | 0 |
| First Trust Materials AlphaDEX Fund | ETP | 33734X168 |  | 236251 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | ETP | 33737A108 |  | 359876 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| Fresenius Medical Care AG | Common | 358029106 |  | 1042272 | 46200 | SH |  | SOLE |  | 46200 | 0 | 0 |
| Futu Holdings Ltd | Common | 36118L106 |  | 1076811 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| Galapagos NV | Common | 36315X101 |  | 1143000 | 38100 | SH |  | SOLE |  | 38100 | 0 | 0 |
| GDS Holdings Ltd | Common | 36165L108 |  | 6385965 | 158500 | SH |  | SOLE |  | 158500 | 0 | 0 |
| GE Vernova Inc | Common | 36828A101 |  | 4408145 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| General Dynamics Corp | Common | 369550108 |  | 4611021 | 13497 | SH |  | SOLE |  | 13497 | 0 | 0 |
| Genmab A/S | Common | 372303206 |  | 1137592 | 42400 | SH |  | SOLE |  | 42400 | 0 | 0 |
| Global X Copper Miners ETF | ETP | 37954Y830 |  | 618435 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| Global X Silver Miners ETF | ETP | 37954Y848 |  | 630560 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| Gold Fields Ltd | Common | 38059T106 |  | 1965820 | 43300 | SH |  | SOLE |  | 43300 | 0 | 0 |
| Grupo Cibest SA | Common | 40090E106 |  | 1740159 | 23900 | SH |  | SOLE |  | 23900 | 0 | 0 |
| Grupo Televisa SAB | Common | 40049J206 |  | 1315029 | 451900 | SH |  | SOLE |  | 451900 | 0 | 0 |
| Harmony Gold Mining Co Ltd | Common | 413216300 |  | 1763623 | 117000 | SH |  | SOLE |  | 117000 | 0 | 0 |
| Headwater Exploration Inc | Common | 422096107 |  | 4217370 | 328200 | SH |  | SOLE |  | 328200 | 0 | 0 |
| Howmet Aerospace Inc | Common | 443201108 |  | 11414914 | 49531 | SH |  | SOLE |  | 49531 | 0 | 0 |
| Hudbay Minerals Inc | Common | 443628102 |  | 983138 | 33750 | SH |  | SOLE |  | 33750 | 0 | 0 |
| Imperial Oil Ltd | Common | 453038408 |  | 12002173 | 65870 | SH |  | SOLE |  | 65870 | 0 | 0 |
| Invesco Dorsey Wright Emerging Markets Momentum ETF | ETP | 46138E867 |  | 601293 | 23100 | SH |  | SOLE |  | 23100 | 0 | 0 |
| Invesco S MidCap Momentum ET | ETP | 46137V464 |  | 348048 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| Invesco Solar ETF | ETP | 46138G706 |  | 479106 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| iShares Latin America 40 ETF | ETP | 464287390 |  | 426240 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| iShares MSCI Brazil ETF | ETP | 464286400 |  | 426129 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| iShares MSCI Emerging Markets ETF | ETP | 464287234 |  | 232839 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| iShares MSCI Japan ETF | ETP | 46434G822 |  | 371536 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| iShares MSCI Spain ETF | ETP | 464286764 |  | 488790 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| iShares MSCI Taiwan ETF | ETP | 46434G772 |  | 177300 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| JD.com Inc | Common | 47215P106 |  | 870839 | 30500 | SH |  | SOLE |  | 30500 | 0 | 0 |
| KB Financial Group Inc | Common | 48241A105 |  | 1156868 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| Kinross Gold Corp | Common | 496902404 |  | 5639478 | 132600 | SH |  | SOLE |  | 132600 | 0 | 0 |
| Korea Electric Power Corp | Common | 500631106 |  | 1020300 | 71600 | SH |  | SOLE |  | 71600 | 0 | 0 |
| Lam Research Corp | Common | 512807306 |  | 147425 | 690 | SH |  | SOLE |  | 690 | 0 | 0 |
| Li Auto Inc | Common | 50202M102 |  | 1547644 | 86800 | SH |  | SOLE |  | 86800 | 0 | 0 |
| Lufax Holding Ltd | Common | 54975P201 |  | 999889 | 534700 | SH |  | SOLE |  | 534700 | 0 | 0 |
| Manulife Financial Corp | Common | 56501R106 |  | 3531704 | 73700 | SH |  | SOLE |  | 73700 | 0 | 0 |
| Mitsubishi UFJ Financial Group Inc | Common | 606822104 |  | 1505239 | 88700 | SH |  | SOLE |  | 88700 | 0 | 0 |
| NatWest Group PLC | Common | 639057207 |  | 1303750 | 87500 | SH |  | SOLE |  | 87500 | 0 | 0 |
| NU Holdings Ltd/Cayman Islands | Common | G6683N103 |  | 310392 | 21600 | SH |  | SOLE |  | 21600 | 0 | 0 |
| Nutrien Ltd | Common | 67077M108 |  | 13157753 | 125300 | SH |  | SOLE |  | 125300 | 0 | 0 |
| NVIDIA Corp | Common | 67066G104 |  | 6191200 | 35500 | SH |  | SOLE |  | 35500 | 0 | 0 |
| Pacer Developed Markets International Cash Cows 100 ETF | ETP | 69374H873 |  | 598404 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| Pacer Global Cash Cows Dividend ETF | ETP | 69374H709 |  | 647360 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| POSCO Holdings Inc | Common | 693483109 |  | 1392062 | 23800 | SH |  | SOLE |  | 23800 | 0 | 0 |
| RELX PLC | Common | 759530108 |  | 590070 | 17800 | SH |  | SOLE |  | 17800 | 0 | 0 |
| Rio Tinto PLC | Common | 767204100 |  | 2015064 | 21600 | SH |  | SOLE |  | 21600 | 0 | 0 |
| RTX Corp | Common | 75513E101 |  | 7984131 | 41390 | SH |  | SOLE |  | 41390 | 0 | 0 |
| SAP SE | Common | 803054204 |  | 513268 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| Sasol Ltd | Common | 803866300 |  | 1283040 | 99000 | SH |  | SOLE |  | 99000 | 0 | 0 |
| Sea Ltd | Common | 81141R100 |  | 1498861 | 18100 | SH |  | SOLE |  | 18100 | 0 | 0 |
| Sociedad Quimica y Minera de Chile SA | Common | 833635105 |  | 2088252 | 25800 | SH |  | SOLE |  | 25800 | 0 | 0 |
| Sprott Gold Miners ETF | ETP | 85210B102 |  | 656763 | 8700 | SH |  | SOLE |  | 8700 | 0 | 0 |
| Sprott Physical Gold Trust | ETP | 85207H104 |  | 673360 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| Sprott Physical Silver Trust | ETP | 85207K107 |  | 619506 | 25400 | SH |  | SOLE |  | 25400 | 0 | 0 |
| State Street SPDR S Bank ETF | ETP | 78464A797 |  | 238200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| State Street SPDR S Biotech ETF | ETP | 78464A870 |  | 408736 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| State Street SPDR S Oil  Gas Equipment  Services ETF | ETP | 78468R549 |  | 593283 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| STMicroelectronics NV | Common | 861012102 |  | 1741320 | 50400 | SH |  | SOLE |  | 50400 | 0 | 0 |
| Sumitomo Mitsui Financial Group Inc | Common | 86562M209 |  | 2506275 | 126900 | SH |  | SOLE |  | 126900 | 0 | 0 |
| Suncor Energy Inc | Common | 867224107 |  | 13895350 | 151020 | SH |  | SOLE |  | 151020 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | Common | 874039100 |  | 1517396 | 4490 | SH |  | SOLE |  | 4490 | 0 | 0 |
| Telefonica Brasil SA | Common | 87936R205 |  | 1277068 | 80500 | SH |  | SOLE |  | 80500 | 0 | 0 |
| Telkom Indonesia Persero Tbk PT | Common | 715684106 |  | 6384824 | 341800 | SH |  | SOLE |  | 341800 | 0 | 0 |
| Tencent Music Entertainment Group | Common | 88034P109 |  | 744706 | 82400 | SH |  | SOLE |  | 82400 | 0 | 0 |
| Teva Pharmaceutical Industries Ltd | Common | 881624209 |  | 2343336 | 77800 | SH |  | SOLE |  | 77800 | 0 | 0 |
| UBS Group AG | Common | H42097107 |  | 1249090 | 32800 | SH |  | SOLE |  | 32800 | 0 | 0 |
| Vale SA | Common | 91912E105 |  | 1546452 | 97200 | SH |  | SOLE |  | 97200 | 0 | 0 |
| VanEck Agribusiness ETF | ETP | 92189F700 |  | 625300 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| VanEck Junior Gold Miners ETF | ETP | 92189F791 |  | 360120 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| VanEck Oil Services ETF | ETP | 92189H607 |  | 646736 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| VanEck Rare Earth and Strategic Metals ETF | ETP | 92189H805 |  | 149600 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| Vanguard Industrials ETF | ETP | 92204A603 |  | 249776 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| Vodafone Group PLC | Common | 92857W308 |  | 1724296 | 114800 | SH |  | SOLE |  | 114800 | 0 | 0 |
| Wipro Ltd | Common | 97651M109 |  | 482936 | 227800 | SH |  | SOLE |  | 227800 | 0 | 0 |
| WisdomTree Japan Hedged Equity Fund | ETP | 97717W851 |  | 602604 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| Woodside Energy Group Ltd | Common | 980228308 |  | 1595184 | 66800 | SH |  | SOLE |  | 66800 | 0 | 0 |
| Woori Financial Group Inc | Common | 981064108 |  | 1172160 | 17600 | SH |  | SOLE |  | 17600 | 0 | 0 |
| WPP PLC | Common | 92937A102 |  | 534920 | 34400 | SH |  | SOLE |  | 34400 | 0 | 0 |
| Xtrackers Harvest CSI 300 China A-Shares ETF | ETP | 233051879 |  | 453696 | 13900 | SH |  | SOLE |  | 13900 | 0 | 0 |
| YPF SA | Common | 984245100 |  | 3471122 | 75100 | SH |  | SOLE |  | 75100 | 0 | 0 |
| Zai Lab Ltd | Common | 98887Q104 |  | 1250865 | 66500 | SH |  | SOLE |  | 66500 | 0 | 0 |

---