Institutional Manager · CIK 0001765768
Galibier Capital Management Ltd.
TORONTO, A6 · File #028-19119
Latest AUM
$300.1M
Positions
38
Top-10 Concentration
71.1%
Filings
8
Portfolio Value Over Time
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | CAMECO CORP | 13321L108 | -114,062 | -$9.6M | +$1.6M |
| REDUCE | AGNICO EAGLE MINES LTD | 008474108 | -52,413 | -$8.8M | +$13.8M |
| REDUCE | HUDBAY MINERALS INC | 443628102 | -458,231 | -$6.9M | +$5.2M |
| REDUCE | CANADIAN IMPERIAL BANK OF COMMERCE | 136069101 | -73,251 | -$5.9M | +$2.6M |
| REDUCE | GILDAN ACTIVEWEAR INC | 375916103 | -100,145 | -$5.8M | +$2.3M |
| REDUCE | ROYAL BANK OF CANADA | 780087102 | -35,030 | -$5.2M | +$4.1M |
| REDUCE | ENBRIDGE INC | 29250N105 | -59,420 | -$3.0M | +$2.9M |
| REDUCE | MANULIFE FINANCIAL CORP | 56501R106 | -74,751 | -$2.3M | -$529,944 |
| REDUCE | CANADIAN PACIFIC KANSAS CITY LTD | 13646K108 | -27,894 | -$2.1M | -$1.3M |
| REDUCE | NUTRIEN LTD | 67077M108 | -32,424 | -$1.9M | +$183,488 |
Filing History
- 13F HOLDINGS REPORTQ/E Sep 202538 pos · $300.1M
- 13F HOLDINGS REPORTQ/E Jun 202538 pos · $332.9M
- 13F HOLDINGS REPORTQ/E Mar 202537 pos · $320.6M
- 13F HOLDINGS REPORTQ/E Dec 202437 pos · $350.3M
- 13F HOLDINGS REPORTQ/E Sep 202443 pos · $442.8M
- 13F HOLDINGS REPORTQ/E Jun 202442 pos · $402.1M
- 13F HOLDINGS REPORTQ/E Mar 202440 pos · $417.7M
- 13F HOLDINGS REPORTQ/E Dec 202338 pos · $449.8M
Top 20 Holdings — Sep 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | AGNICO EAGLE MINES LTD | 008474108 | 226,197 | $38.1M | 12.70% |
| 2 | ROYAL BANK OF CANADA | 780087102 | 220,458 | $32.5M | 10.83% |
| 3 | ENBRIDGE INC | 29250N105 | 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 | 13646K108 | 240,014 | $17.9M | 5.96% |
| 7 | CANADIAN IMPERIAL BANK OF COMMERCE | 136069101 | 212,022 | $16.9M | 5.65% |
| 8 | NUTRIEN LTD | 67077M108 | 280,633 | $16.5M | 5.49% |
| 9 | CGI INC | 12532H104 | 155,232 | $13.8M | 4.61% |
| 10 | TELUS CORP | 87971M103 | 786,678 | $12.4M | 4.13% |
| 11 | RESTAURANT BRANDS INTERNATIONAL INC. | 76131D103 | 188,137 | $12.1M | 4.02% |
| 12 | ATS CORPORATION | 00217Y104 | 447,446 | $11.7M | 3.90% |
| 13 | HUDBAY MINERALS INC | 443628102 | 687,008 | $10.4M | 3.47% |
| 14 | GILDAN ACTIVEWEAR INC | 375916103 | 172,773 | $10.0M | 3.33% |
| 15 | WEST FRASER TIMBER CO LTD | 952845105 | 135,552 | $9.2M | 3.07% |
| 16 | OSHKOSH CORP. | 688239201 | 37,227 | $4.8M | 1.61% |
| 17 | EQUINOX GOLD CORP | 29446Y502 | 417,019 | $4.7M | 1.56% |
| 18 | CAMECO CORP | 13321L108 | 49,899 | $4.2M | 1.40% |
| 19 | HENRY SCHEIN INC. | 806407102 | 41,476 | $2.8M | 0.92% |
| 20 | GREENBRIER COMPANIES INC | 393657101 | 47,799 | $2.2M | 0.74% |