Galibier Capital Management Ltd. — 13F Holdings & Portfolio
CIK 1765768 · latest 13F-HR filed 2025-10-21
Galibier Capital Management Ltd. manages $300.1M in 13F-reported U.S. long-equity assets across 38 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are AEM (12.70%), RY (10.83%), ENB (8.40%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 0 new positions, exited 0, added to 12, and trimmed 19.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$300.1M
Long-equity book
38
Distinct positions
2025-09-30
Filed 2025-10-21
+0 / −0 / ↑12 / ↓19
vs 2025-06-30
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- AGNICO EAGLE MINES LTD$5.0M +15.0%
- EQUINOX GOLD CORP$1.6M +53.9%
- OSHKOSH CORP.$601.6K +14.2%
- AUTOZONE INC.$587.5K +79.1%
- ALPHABET INC CLASS A$280.9K +37.9%
Top Trims
- CAMECO CORP-$8.0M -65.5%
- CGI INC-$4.2M -23.4%
- ATS CORPORATION-$3.8M -24.4%
- GILDAN ACTIVEWEAR INC-$3.4M -25.6%
- CANADIAN PACIFIC KANSAS CITY LTD-$3.4M -15.8%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $38.1M | 12.70% | 226,197 | SH |
| 2 | ROYAL BANK OF CANADA | RY | 780087102 | $32.5M | 10.83% | 220,458 | SH |
| 3 | ENBRIDGE INC | ENB | 29250N105 | $25.2M | 8.40% | 499,597 | SH |
| 4 | CANADIAN NATURAL RESOURCES LTD | CNQ | 136385101 | $20.3M | 6.75% | 633,545 | SH |
| 5 | MANULIFE FINANCIAL CORP | MFC | 56501R106 | $19.8M | 6.60% | 635,318 | SH |
| 6 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 13646K108 | $17.9M | 5.96% | 240,014 | SH |
| 7 | CANADIAN IMPERIAL BANK OF COMMERCE | CM | 136069101 | $16.9M | 5.65% | 212,022 | SH |
| 8 | NUTRIEN LTD | NTR | 67077M108 | $16.5M | 5.49% | 280,633 | SH |
| 9 | CGI INC | GIB | 12532H104 | $13.8M | 4.61% | 155,232 | SH |
| 10 | TELUS CORP | TU | 87971M103 | $12.4M | 4.13% | 786,678 | SH |
| 11 | RESTAURANT BRANDS INTERNATIONAL INC. | QSR | 76131D103 | $12.1M | 4.02% | 188,137 | SH |
| 12 | ATS CORPORATION | ATS | 00217Y104 | $11.7M | 3.90% | 447,446 | SH |
| 13 | HUDBAY MINERALS INC | HBM | 443628102 | $10.4M | 3.47% | 687,008 | SH |
| 14 | GILDAN ACTIVEWEAR INC | GIL | 375916103 | $10.0M | 3.33% | 172,773 | SH |
| 15 | WEST FRASER TIMBER CO LTD | WFG | 952845105 | $9.2M | 3.07% | 135,552 | SH |
| 16 | OSHKOSH CORP. | OSK | 688239201 | $4.8M | 1.61% | 37,227 | SH |
| 17 | EQUINOX GOLD CORP | EQX | 29446Y502 | $4.7M | 1.56% | 417,019 | SH |
| 18 | CAMECO CORP | CCJ | 13321L108 | $4.2M | 1.40% | 49,899 | SH |
| 19 | HENRY SCHEIN INC. | HSIC | 806407102 | $2.8M | 0.92% | 41,476 | SH |
| 20 | GREENBRIER COMPANIES INC | GBX | 393657101 | $2.2M | 0.74% | 47,799 | SH |
| 21 | BERKSHIRE HATHAWAY INC. - CL B | BRK.B | 084670702 | $1.6M | 0.53% | 3,155 | SH |
| 22 | AUTOZONE INC. | AZO | 053332102 | $1.3M | 0.44% | 310 | SH |
| 23 | JPMORGAN CHASE & CO | JPM | 46625H100 | $1.2M | 0.40% | 3,760 | SH |
| 24 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $1.2M | 0.39% | 2,432 | SH |
| 25 | ING GROEP NV - ADR | ING | 456837103 | $1.2M | 0.39% | 44,883 | SH |
| 26 | COLGATE PALMOLIVE CO | CL | 194162103 | $1.2M | 0.39% | 14,631 | SH |
| 27 | CHUBB LTD | CB | H1467J104 | $1.1M | 0.37% | 3,897 | SH |
| 28 | ZIMMER BIOMET HOLDINGS INC | ZBH | 98956P102 | $1.0M | 0.34% | 10,484 | SH |
| 29 | ALPHABET INC CLASS A | GOOGL | 02079K305 | $1.0M | 0.34% | 4,200 | SH |
| 30 | APPLE INC. | AAPL | 037833100 | $1.0M | 0.34% | 3,961 | SH |
| 31 | MICROSOFT CORP | MSFT | 594918104 | $750.5K | 0.25% | 1,449 | SH |
| 32 | ASML HOLDLING NV | ASML | N07059210 | $677.7K | 0.23% | 700 | SH |
| 33 | WABTEC CORP | WAB | 929740108 | $597.0K | 0.20% | 2,978 | SH |
| 34 | DECKERS OUTDOOR CORP | DECK | 243537107 | $517.0K | 0.17% | 5,100 | SH |
| 35 | CANADIAN NATIONAL RAILWAY CO | CNI | 136375102 | $207.5K | 0.07% | 2,200 | SH |
| 36 | TC ENERGY CORP | TRP | 87807B107 | $98.8K | 0.03% | 1,816 | SH |
| 37 | NIKE INC | NKE | 654106103 | $27.9K | 0.01% | 400 | SH |
| 38 | SOUTH BOW CORPORATION | SOBO | 83671M105 | $10.3K | 0.00% | 363 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-09-30 | 2025-10-21 | $300.1M | 38 | 0000945621-25-000978 |
| 2025-06-30 | 2025-08-07 | $332.9M | 38 | 0000945621-25-000668 |