AltMountain

Barometer Capital Management

Toronto, Ontario, Canada · CRD 156409
Hedge fund manager

Barometer Capital Management is an SEC-registered investment adviser based in Toronto, Ontario, Canada that reports managing 4 hedge funds on Form ADV. It reports $737.0 million in regulatory assets under management. Its private funds, of all types, hold $283.9 million in gross assets. Its disclosed U.S. stock holdings returned an estimated +3.8% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +45.0% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.

Regulatory assets under management
$737.0 millionForm ADV Item 5.F
Gross assets of private funds
$283.9 millionAll private fund types, Form ADV
Hedge funds managed
410 private funds in total
Employees
25Form ADV Item 5.A
Registration
SEC-registered adviserCRD 156409
Latest Form ADV
10/30/2026Disciplinary disclosures: none reported

Estimated 13F portfolio performance

Est. 2026 YTD+3.8%Through Q2 2026 · S&P 500 +9.5%
Est. 2-year return+45.0%Q3 2024 – Q2 2026
S&P 500+37.2%Same quarters, price only
13F holdings$359.8 million136 positions, 2026-06-30
$100$123$145Q3 2024Q1 2025Q3 2025Q1 202613F est. $145S&P 500 $137
QuarterEst. 13F returnS&P 500
Q2 2026+0.1%+14.8%
Q1 2026+3.7%-4.6%
Q4 2025+5.0%+2.4%
Q3 2025+9.9%+7.8%
Q2 2025+11.4%+10.4%
Q1 2025+2.4%-4.5%
Q4 2024-1.1%+2.1%
Q3 2024+7.4%+5.4%

Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures

Largest disclosed holdings

  • Caterpillar Inc Com$17.7 million
  • Lam Research Corp Com New$14.6 million
  • Hudbay Minerals Inc$13.3 million
  • Howmet Aerospace Inc Com$13.3 million
  • Royal BK Cda$12.1 million
  • Canadian Imperial Bank Of Co$11.6 million
  • Ge Vernova$11.0 million
  • Imperial Oil LTD$10.8 million
  • Morgan Stanley Com New$10.8 million
  • Citigroup Inc$10.6 million

As of 2026-06-30, from 13F filing by Barometer Capital Management Inc..

Private funds reported on Form ADV (13)

Fund
Gross assets
Minimum
Owners
Adviser
Barometer Global Music Royalty Fund LP
CanadaPrivate fund
Gross assets$82.0M
Minimum$250K
Owners128
AdviserBarometer Capital Management
Barometer Tactical Income Pool
CanadaHedge fund
Gross assets$75.6M
Minimum$25K
Owners514
AdviserBarometer Capital Management
Barometer Equity Pool
CanadaHedge fund
Gross assets$41.9M
Minimum$25K
Owners435
AdviserBarometer Capital Management
Barometer Tactical Balanced Pool
CanadaHedge fund
Gross assets$40.5M
Minimum$25K
Owners422
AdviserBarometer Capital Management
Barometer Global Macro Pool
CanadaHedge fund
Gross assets$19.5M
Minimum$25K
Owners298
AdviserBarometer Capital Management
KES 7 Real Estate I LP
CanadaPrivate fund
Gross assets$11.5M
Minimum$100K
Owners69
AdviserBarometer Capital Management
Parliament Real Estate LP
CanadaPrivate fund
Gross assets$10.4M
Minimum$100K
Owners101
AdviserBarometer Capital Management
RCP Icr Real Estate I LP
CanadaPrivate fund
Gross assets$5.3M
Minimum$100K
Owners25
AdviserBarometer Capital Management
Barometer Fixed Income Pool
CanadaHedge fund
Gross assets$5.0M
Minimum$25K
Owners13
AdviserBarometer Capital Management
Queen Real Estate LP
CanadaPrivate fund
Gross assets$4.7M
Minimum$250K
Owners22
AdviserBarometer Capital Management
Barometer Long Short Pool
CanadaHedge fund
Gross assets$4.4M
Minimum$25K
Owners133
AdviserBarometer Capital Management
Hamilton Real Estate LP
CanadaPrivate fund
Gross assets$3.0M
Minimum$5K
Owners29
AdviserBarometer Capital Management
RCP 4front Private Credit I LP
CanadaPrivate equity fund
Gross assets$556K
Minimum$25K
Owners9
AdviserBarometer Capital Management

As reported in the adviser's Form ADV filed Mar 28, 2024. Funds also listed from Form D are shown above.

From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures