Barometer Expands Global Equity Stakes Across Firms

Barometer Capital Management Inc. expanded its equity positions across a range of sectors in the first quarter, including mining, energy services, utilities, and metals producers. The firm initiated or increased stakes in Rio Tinto, SPDR S&P Oil & Gas Equipment & Services ETF, Korea Electric Power Corporation, POSCO, and HudBay Minerals. Specifically, Barometer bought 21,600 Rio Tinto shares worth about $2.0 million; 5,100 shares of the XES ETF for roughly $593,000; 71,600 Korea Electric Power shares valued near $1.02 million; 23,800 POSCO shares around $1.39 million; and 33,750 HudBay Minerals shares worth about $705,000. The activity highlights a diversified approach across globally oriented mining, utilities, and energy infrastructure exposures. Other hedge funds and institutional investors also adjusted their positions in these names during the period, underscoring a broader reshaping of portfolios in related sectors. Overall, Barometer’s first-quarter moves illustrate ongoing strategic capital deployment across multiple high-beta commodity and infrastructure plays.