13F HOLDINGS REPORT
Galibier Capital Management Ltd.
Quarter ended Q3 2025 · Filed October 21, 2025 · Accession 0000945621-25-000978
Total Value
$300.1M
Positions
38
Other Managers
1
Confidential Omitted
No
Holdings (38)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AGNICO EAGLE MINES LTD | AEM | 226,197 | $38.1M | 12.70% |
| 2 | ROYAL BANK OF CANADA | 780087102 | 220,458 | $32.5M | 10.83% |
| 3 | ENBRIDGE INC | ENNPF | 499,597 | $25.2M | 8.40% |
| 4 | CANADIAN NATURAL RESOURCES LTD | 136385101 | 633,545 | $20.3M | 6.75% |
| 5 | MANULIFE FINANCIAL CORP | 56501R106 | 635,318 | $19.8M | 6.60% |
| 6 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 240,014 | $17.9M | 5.96% |
| 7 | CANADIAN IMPERIAL BANK OF COMMERCE | CNDIF | 212,022 | $16.9M | 5.65% |
| 8 | NUTRIEN LTD | NTR | 280,633 | $16.5M | 5.49% |
| 9 | CGI INC | GIB | 155,232 | $13.8M | 4.61% |
| 10 | TELUS CORP | TU | 786,678 | $12.4M | 4.13% |
| 11 | RESTAURANT BRANDS INTERNATIONAL INC. | 76131D103 | 188,137 | $12.1M | 4.02% |
| 12 | ATS CORPORATION | ATS | 447,446 | $11.7M | 3.90% |
| 13 | HUDBAY MINERALS INC | HBM | 687,008 | $10.4M | 3.47% |
| 14 | GILDAN ACTIVEWEAR INC | GIL | 172,773 | $10.0M | 3.33% |
| 15 | WEST FRASER TIMBER CO LTD | WFG | 135,552 | $9.2M | 3.07% |
| 16 | OSHKOSH CORP. | OSK | 37,227 | $4.8M | 1.61% |
| 17 | EQUINOX GOLD CORP | EQX | 417,019 | $4.7M | 1.56% |
| 18 | CAMECO CORP | CCJ | 49,899 | $4.2M | 1.40% |
| 19 | HENRY SCHEIN INC. | HSIC | 41,476 | $2.8M | 0.92% |
| 20 | GREENBRIER COMPANIES INC | 393657101 | 47,799 | $2.2M | 0.74% |
| 21 | BERKSHIRE HATHAWAY INC. - CL B | BRK-A | 3,155 | $1.6M | 0.53% |
| 22 | AUTOZONE INC. | AZO | 310 | $1.3M | 0.44% |
| 23 | JPMORGAN CHASE & CO | VYLD | 3,760 | $1.2M | 0.40% |
| 24 | THERMO FISHER SCIENTIFIC INC | TMO | 2,432 | $1.2M | 0.39% |
| 25 | ING GROEP NV - ADR | INGVF | 44,883 | $1.2M | 0.39% |
| 26 | COLGATE PALMOLIVE CO | CL | 14,631 | $1.2M | 0.39% |
| 27 | CHUBB LTD | CB | 3,897 | $1.1M | 0.37% |
| 28 | ZIMMER BIOMET HOLDINGS INC | ZBH | 10,484 | $1.0M | 0.34% |
| 29 | ALPHABET INC CLASS A | GOOG | 4,200 | $1.0M | 0.34% |
| 30 | APPLE INC. | AAPL | 3,961 | $1.0M | 0.34% |
| 31 | MICROSOFT CORP | MSFT | 1,449 | $750,510 | 0.25% |
| 32 | ASML HOLDLING NV | ASMLF | 700 | $677,663 | 0.23% |
| 33 | WABTEC CORP | 929740108 | 2,978 | $597,000 | 0.20% |
| 34 | DECKERS OUTDOOR CORP | DECK | 5,100 | $516,987 | 0.17% |
| 35 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 2,200 | $207,509 | 0.07% |
| 36 | TC ENERGY CORP | TRPRF | 1,816 | $98,761 | 0.03% |
| 37 | NIKE INC | NKE | 400 | $27,892 | 0.01% |
| 38 | SOUTH BOW CORPORATION | SOBO | 363 | $10,274 | 0.00% |