# EDGAR Filing Document

**Accession Number:** 0001536890
**File Stem:** 0001104659-23-019155
**Filing Date:** 2023-2
**Character Count:** 16322
**Document Hash:** be4c2704110709a83a5f9a36a25b9166
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-019155.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001104659-23-019155

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAROMETER CAPITAL MANAGEMENT INC.
- **CENTRAL INDEX KEY:** 0001536890
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15883
- **FILM NUMBER:** 23615215

**BUSINESS ADDRESS:**
- **STREET 1:** 181 BAY STREET
- **STREET 2:** SUITE 3220
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J 2T3
- **BUSINESS PHONE:** 416 601 1683

**MAIL ADDRESS:**
- **STREET 1:** 181 BAY STREET
- **STREET 2:** SUITE 3220
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J 2T3

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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  02-13-2023<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:** 123

**Form 13F Information Table Value Total:** $338980361

      (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 |
| abrdn Physical Platinum Shares ETF | ETP | 003260106 |  | 1002728 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| Agilysys Inc | Common | 00847J105 |  | 593550 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| Agnico Eagle Mines Ltd | Common | 008474108 |  | 12611735 | 242580 | SH |  | SOLE |  | 242580 | 0 | 0 |
| Algonquin Power  Utilities Corp | Common | 015857105 |  | 6132 | 937 | SH |  | SOLE |  | 937 | 0 | 0 |
| APA Corp | Common | 03743Q108 |  | 3898904 | 83989 | SH |  | SOLE |  | 83989 | 0 | 0 |
| Arista Networks Inc | Common | 040413106 |  | 1723170 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| ASML Holding NV | Common | N07059210 |  | 1469359 | 2695 | SH |  | SOLE |  | 2695 | 0 | 0 |
| Bank of Montreal | Common | 063671101 |  | 12942167 | 144538 | SH |  | SOLE |  | 144538 | 0 | 0 |
| Bank of Nova Scotia/The | Common | 064149107 |  | 43394 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| BCE Inc | Common | 05534B760 |  | 35943 | 820 | SH |  | SOLE |  | 820 | 0 | 0 |
| Broadcom Inc | Common | 11135F101 |  | 6401480 | 11449 | SH |  | SOLE |  | 11449 | 0 | 0 |
| Brookfield Infrastructure Partners LP | Common | G16252101 |  | 35183 | 1137 | SH |  | SOLE |  | 1137 | 0 | 0 |
| BRP Inc | Common | 05577W200 |  | 807329 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| Campbell Soup Co | Common | 134429109 |  | 3044890 | 54010 | SH |  | SOLE |  | 54010 | 0 | 0 |
| Canadian Natural Resources Ltd | Common | 136385101 |  | 1170527 | 21100 | SH |  | SOLE |  | 21100 | 0 | 0 |
| Canadian National Railway Co | Common | 136375102 |  | 1052109 | 8866 | SH |  | SOLE |  | 8866 | 0 | 0 |
| Canadian Pacific Railway Ltd | Common | 13645T100 |  | 13947057 | 187090 | SH |  | SOLE |  | 187090 | 0 | 0 |
| Caterpillar Inc | Common | 149123101 |  | 6428123 | 26961 | SH |  | SOLE |  | 26961 | 0 | 0 |
| ConocoPhillips | Common | 20825C104 |  | 2596000 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| Cummins Inc | Common | 231021106 |  | 8003324 | 33032 | SH |  | SOLE |  | 33032 | 0 | 0 |
| Deere  Co | Common | 244199105 |  | 3032620 | 7073 | SH |  | SOLE |  | 7073 | 0 | 0 |
| Docebo Inc | Common | 25609L105 |  | 9903 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| elf Beauty Inc | Common | 26856L103 |  | 276500 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| Enbridge Inc | Common | 29250N105 |  | 37863 | 969 | SH |  | SOLE |  | 969 | 0 | 0 |
| ETFMG Prime Junior Silver Miners ETF | ETP | 26924G102 |  | 990118 | 93850 | SH |  | SOLE |  | 93850 | 0 | 0 |
| Etsy Inc | Common | 29786A106 |  | 5521858 | 46100 | SH |  | SOLE |  | 46100 | 0 | 0 |
| Exxon Mobil Corp | Common | 30231G102 |  | 573560 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| First Trust Materials AlphaDEX Fund | ETP | 33734X168 |  | 708903 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| First Trust Exchange-Traded Fund-First Trust Morningstar Dividend Leaders Index | ETP | 336917109 |  | 881096 | 24100 | SH |  | SOLE |  | 24100 | 0 | 0 |
| FlexShares Global Upstream Natural Resources Index Fund | ETP | 33939L407 |  | 995463 | 22900 | SH |  | SOLE |  | 22900 | 0 | 0 |
| Fortis Inc/Canada | Common | 349553107 |  | 30181 | 755 | SH |  | SOLE |  | 755 | 0 | 0 |
| Fortuna Silver Mines Inc | Common | 349915108 |  | 426614 | 113600 | SH |  | SOLE |  | 113600 | 0 | 0 |
| Franco-Nevada Corp | Common | 351858105 |  | 10401104 | 76380 | SH |  | SOLE |  | 76380 | 0 | 0 |
| Freeport-McMoRan Inc | Common | 35671D857 |  | 3438599 | 90790 | SH |  | SOLE |  | 90790 | 0 | 0 |
| General Dynamics Corp | Common | 369550108 |  | 7444698 | 30166 | SH |  | SOLE |  | 30166 | 0 | 0 |
| Genuine Parts Co | Common | 372460105 |  | 3818956 | 22010 | SH |  | SOLE |  | 22010 | 0 | 0 |
| Global X MSCI China Consumer Discretionary ETF | ETP | 37950E408 |  | 851174 | 42200 | SH |  | SOLE |  | 42200 | 0 | 0 |
| Global X Copper Miners ETF | ETP | 37954Y830 |  | 958382 | 27050 | SH |  | SOLE |  | 27050 | 0 | 0 |
| Global X US Infrastructure Development ETF | ETP | 37954Y673 |  | 949667 | 35850 | SH |  | SOLE |  | 35850 | 0 | 0 |
| Hess Corp | Common | 42809H107 |  | 2644943 | 18650 | SH |  | SOLE |  | 18650 | 0 | 0 |
| Humana Inc | Common | 444859102 |  | 563409 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| International Business Machines Corp | Common | 459200101 |  | 11071137 | 78580 | SH |  | SOLE |  | 78580 | 0 | 0 |
| Invesco DB Commodity Index Tracking Fund | ETP | 46138B103 |  | 971210 | 39400 | SH |  | SOLE |  | 39400 | 0 | 0 |
| Invesco DB Agriculture Fund | ETP | 46140H106 |  | 475540 | 23600 | SH |  | SOLE |  | 23600 | 0 | 0 |
| Invesco Dynamic Food  Beverage ETF | ETP | 46137V753 |  | 52498 | 1150 | SH |  | SOLE |  | 1150 | 0 | 0 |
| Invesco Water Resources ETF | ETP | 46137V142 |  | 463860 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| Invesco BuyBack Achievers ETF | ETP | 46137V308 |  | 667368 | 7800 | SH |  | SOLE |  | 7800 | 0 | 0 |
| Invesco Aerospace  Defense ETF | ETP | 46137V100 |  | 58800 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| Iridium Communications Inc | Common | 46269C102 |  | 3942380 | 76700 | SH |  | SOLE |  | 76700 | 0 | 0 |
| iShares MSCI France ETF | ETP | 464286707 |  | 185472 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| iShares MSCI Mexico ETF | ETP | 464286822 |  | 113735 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| iShares MSCI Global Metals  Mining Producers ETF | ETP | 46434G848 |  | 184500 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| iShares MSCI Thailand ETF | ETP | 464286624 |  | 187975 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| iShares MSCI EAFE ETF | ETP | 464287465 |  | 718758 | 10950 | SH |  | SOLE |  | 10950 | 0 | 0 |
| iShares U.S. Broker-Dealers  Securities Exchanges ETF | ETP | 464288794 |  | 749814 | 7800 | SH |  | SOLE |  | 7800 | 0 | 0 |
| iShares Biotechnology ETF | ETP | 464287556 |  | 617063 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| iShares Global Clean Energy ETF | ETP | 464288224 |  | 492280 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| iShares S Mid-Cap 400 Value ETF | ETP | 464287705 |  | 836640 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| iShares MSCI India ETF | ETP | 46429B598 |  | 440357 | 10550 | SH |  | SOLE |  | 10550 | 0 | 0 |
| iShares India 50 ETF | ETP | 464289529 |  | 668498 | 15800 | SH |  | SOLE |  | 15800 | 0 | 0 |
| iShares US Aerospace  Defense ETF | ETP | 464288760 |  | 1036943 | 9270 | SH |  | SOLE |  | 9270 | 0 | 0 |
| iShares U.S. Home Construction ETF | ETP | 464288752 |  | 903015 | 14900 | SH |  | SOLE |  | 14900 | 0 | 0 |
| iShares U.S. Energy ETF | ETP | 464287796 |  | 148768 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| iShares MSCI USA Momentum Factor ETF | ETP | 46432F396 |  | 534104 | 3660 | SH |  | SOLE |  | 3660 | 0 | 0 |
| JPMorgan Chase  Co | Common | 46625H100 |  | 7805703 | 58638 | SH |  | SOLE |  | 58638 | 0 | 0 |
| Lamb Weston Holdings Inc | Common | 513272104 |  | 4490193 | 50390 | SH |  | SOLE |  | 50390 | 0 | 0 |
| Eli Lilly  Co | Common | 532457108 |  | 14038379 | 38373 | SH |  | SOLE |  | 38373 | 0 | 0 |
| Lockheed Martin Corp | Common | 539830109 |  | 14706107 | 30229 | SH |  | SOLE |  | 30229 | 0 | 0 |
| Manulife Financial Corp | Common | 56501R106 |  | 18977 | 1065 | SH |  | SOLE |  | 1065 | 0 | 0 |
| Merck  Co Inc | Common | 58933Y105 |  | 13134261 | 118380 | SH |  | SOLE |  | 118380 | 0 | 0 |
| Microsoft Corp | Common | 594918104 |  | 52761 | 220 | SH |  | SOLE |  | 220 | 0 | 0 |
| Motorola Solutions Inc | Common | 620076307 |  | 582425 | 2260 | SH |  | SOLE |  | 2260 | 0 | 0 |
| Netflix Inc | Common | 64110L106 |  | 256546 | 870 | SH |  | SOLE |  | 870 | 0 | 0 |
| NextEra Energy Inc | Common | 65339F101 |  | 4878562 | 58356 | SH |  | SOLE |  | 58356 | 0 | 0 |
| Northrop Grumman Corp | Common | 666807102 |  | 2820804 | 5170 | SH |  | SOLE |  | 5170 | 0 | 0 |
| O'Reilly Automotive Inc | Common | 67103H107 |  | 6108246 | 7237 | SH |  | SOLE |  | 7237 | 0 | 0 |
| Pembina Pipeline Corp | Common | 706327103 |  | 5642811 | 166409 | SH |  | SOLE |  | 166409 | 0 | 0 |
| Progressive Corp/The | Common | 743315103 |  | 7179165 | 55390 | SH |  | SOLE |  | 55390 | 0 | 0 |
| Reinsurance Group of America Inc | Common | 759351604 |  | 4143771 | 29163 | SH |  | SOLE |  | 29163 | 0 | 0 |
| Restaurant Brands International Inc | Common | 76131D103 |  | 2423748 | 37514 | SH |  | SOLE |  | 37514 | 0 | 0 |
| Royal Bank of Canada | Common | 780087102 |  | 10841304 | 116568 | SH |  | SOLE |  | 116568 | 0 | 0 |
| Schlumberger Ltd | Common | 806857108 |  | 1723949 | 32400 | SH |  | SOLE |  | 32400 | 0 | 0 |
| Science Applications International Corp | Common | 808625107 |  | 397963 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| Energy Select Sector SPDR Fund | ETP | 81369Y506 |  | 673519 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| Industrial Select Sector SPDR Fund | ETP | 81369Y704 |  | 608902 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| Health Care Select Sector SPDR Fund | ETP | 81369Y209 |  | 998498 | 7350 | SH |  | SOLE |  | 7350 | 0 | 0 |
| Shaw Communications Inc | Common | 82028K200 |  | 10225302 | 356180 | SH |  | SOLE |  | 356180 | 0 | 0 |
| J M Smucker Co/The | Common | 832696405 |  | 4932860 | 31130 | SH |  | SOLE |  | 31130 | 0 | 0 |
| SPDR Dow Jones Industrial Average ETF Trust | ETP | 78467X109 |  | 695203 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| SPDR EURO STOXX 50 ETF | ETP | 78463X202 |  | 654030 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| SPDR S Insurance ETF | ETP | 78464A789 |  | 982800 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| SPDR S Biotech ETF | ETP | 78464A870 |  | 498000 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| SPDR S Oil  Gas Equipment  Services ETF | ETP | 78468R549 |  | 988900 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| SPDR S Metals  Mining ETF | ETP | 78464A755 |  | 1103292 | 22150 | SH |  | SOLE |  | 22150 | 0 | 0 |
| SPDR S Oil  Gas Exploration  Production ETF | ETP | 78468R556 |  | 584284 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| SPDR S Semiconductor ETF | ETP | 78464A862 |  | 45989 | 275 | SH |  | SOLE |  | 275 | 0 | 0 |
| Sprott Physical Gold Trust | ETP | 85207H104 |  | 1019430 | 72300 | SH |  | SOLE |  | 72300 | 0 | 0 |
| Sprott Physical Silver Trust | ETP | 85207K107 |  | 1162664 | 141100 | SH |  | SOLE |  | 141100 | 0 | 0 |
| Stantec Inc | Common | 85472N109 |  | 999494 | 20880 | SH |  | SOLE |  | 20880 | 0 | 0 |
| Starbucks Corp | Common | 855244109 |  | 143840 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| Steel Dynamics Inc | Common | 858119100 |  | 248158 | 2540 | SH |  | SOLE |  | 2540 | 0 | 0 |
| Suncor Energy Inc | Common | 867224107 |  | 966500 | 30500 | SH |  | SOLE |  | 30500 | 0 | 0 |
| Teck Resources Ltd | Common | 878742204 |  | 5924357 | 156770 | SH |  | SOLE |  | 156770 | 0 | 0 |
| TELUS Corp | Common | 87971M103 |  | 41835 | 2170 | SH |  | SOLE |  | 2170 | 0 | 0 |
| TFI International Inc | Common | 87241L109 |  | 459244 | 4590 | SH |  | SOLE |  | 4590 | 0 | 0 |
| Thomson Reuters Corp | Common | 884903709 |  | 13389002 | 117488 | SH |  | SOLE |  | 117488 | 0 | 0 |
| T-Mobile US Inc | Common | 872590104 |  | 12614000 | 90100 | SH |  | SOLE |  | 90100 | 0 | 0 |
| Toronto-Dominion Bank/The | Common | 891160509 |  | 11786248 | 184207 | SH |  | SOLE |  | 184207 | 0 | 0 |
| United States Brent Oil Fund LP | ETP | 91167Q100 |  | 972832 | 34400 | SH |  | SOLE |  | 34400 | 0 | 0 |
| UnitedHealth Group Inc | Common | 91324P102 |  | 132545 | 250 | SH |  | SOLE |  | 250 | 0 | 0 |
| Universal Health Services Inc | Common | 913903100 |  | 1873837 | 13300 | SH |  | SOLE |  | 13300 | 0 | 0 |
| VanEck Gold Miners ETF/USA | ETP | 92189F106 |  | 35825 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| VanEck Junior Gold Miners ETF | ETP | 92189F791 |  | 1039198 | 29150 | SH |  | SOLE |  | 29150 | 0 | 0 |
| VanEck Oil Services ETF | ETP | 92189H607 |  | 760125 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| VanEck Steel ETF | ETP | 92189F205 |  | 468504 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| Vanguard Dividend Appreciation ETF | ETP | 921908844 |  | 766843 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| Vanguard Industrials ETF | ETP | 92204A603 |  | 474864 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| Vertex Pharmaceuticals Inc | Common | 92532F100 |  | 952974 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| Waste Connections Inc | Common | 94106B101 |  | 4376493 | 33050 | SH |  | SOLE |  | 33050 | 0 | 0 |
| Wheaton Precious Metals Corp | Common | 962879102 |  | 4265938 | 109300 | SH |  | SOLE |  | 109300 | 0 | 0 |
| Wheaton Precious Metals Corp | Common | 962879102 |  | 500224 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| WisdomTree US MidCap Dividend Fund | ETP | 97717W505 |  | 382558 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| WisdomTree Japan Hedged Equity Fund | ETP | 97717W851 |  | 1096145 | 17050 | SH |  | SOLE |  | 17050 | 0 | 0 |

---