SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Galibier Capital Management Ltd.

CIK 0001765768 · 80 RICHMOND STREET WEST, SUITE 1100, TORONTO, M5H 2A4 · 416.867.1234

Reported Value
$528M
Q2 2022
Positions
40
Filings on Record
28
2019–present window
Filed
Jul 15, 2022
original filing

Summary

Galibier Capital Management Ltd. reported $528M in U.S.-listed holdings across 40 positions for Q2 2022.

Its largest position, Canadian Pacific Railway, represents 9.4% of the portfolio.

Compared with Q1 2022, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+77.0%
share of reported value
Largest Position
+9.4%
Canadian Pacific Railway
New / Exited
4 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $146MQ4 ’18Q1 ’19: $168MQ2 ’19: $220MQ3 ’19: $251MQ4 ’19: $315MQ4 ’19Q1 ’20: $230MQ2 ’20: $312MQ3 ’20: $425MQ4 ’20: $578MQ4 ’20Q1 ’21: $666MQ2 ’21: $744MQ3 ’21: $730MQ4 ’21: $697MQ4 ’21Q1 ’22: $744MQ2 ’22: $528MQ3 ’22: $496MQ4 ’22: $493MQ4 ’22Q1 ’23: $423MQ2 ’23: $436MQ3 ’23: $450MQ4 ’23: $386MQ4 ’23Q1 ’24: $418MQ2 ’24: $402MQ3 ’24: $443MQ4 ’24: $350MQ4 ’24Q1 ’25: $321MQ2 ’25: $333MQ3 ’25: $300Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 90.1%Other: 9.6%ADR: 0.2%ETP: 0.1%Equity WRT: 0.0%
  • Common Stock · 90.1% · $475M
  • Other · 9.6% · $51M
  • ADR · 0.2% · $972,000
  • ETP · 0.1% · $400,000
  • Equity WRT · 0.0% · $165,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CAECAE INCNEW+766.6K766.6K+$19M$19M
AMZNAMAZON.COM INCNEW+14.3K14.3K+$2M$2M
DYHTARGET CORPNEW+7.5K7.5K+$1M$1M
AAPLAPPLE INC.NEW+6.8K6.8K+$924,000$924,000
GMGENERAL MOTORS COADDED+21.1K41.1K+$430,000$1M
GLAXOSMITHKLINE PLC - ADRSOLD OUT−206.4K0−$9M$0
AZNNASTRAZENECA PLC - ADRSOLD OUT−23.6K0−$2M$0
RTXRAYTHEON TECHNOLOGOIES CORPSOLD OUT−13.3K0−$1M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2022

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CANADIAN PACIFIC RAILWAY LTDCOM9.39%$50M710.8K
2MFCMANULIFE FINANCIAL CORPhistory →COM8.81%$47M2.69M
3CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM7.93%$42M863.3K
4ENBENBRIDGE INChistory →COM7.66%$40M959.6K
5AEMAGNICO EAGLE MINES LTDhistory →COM7.55%$40M872.4K
6RCI/BROGERS COMMUNICATIONS INC CLASS Bhistory →CL B7.51%$40M829.2K
7QSRRESTAURANT BRANDS INTERNATIONAL INC.history →COM7.18%$38M756.8K
8NTRNUTRIEN LTDhistory →COM7.09%$37M470.8K
9BNSBANK OF NOVA SCOTIAhistory →COM6.99%$37M624.6K
10CVECENOVUS ENERGY INChistory →COM6.87%$36M1.91M
11GIB/ACGI INChistory →CL A SUB VTG6.87%$36M455.8K
12GILGILDAN ACTIVEWEAR INChistory →COM6.34%$33M1.16M
13CAECAE INChistory →COM3.57%$19M766.6K
14OSKOSHKOSH CORP.COM0.87%$5M55.6K
15HSICHENRY SCHEIN INC.COM0.60%$3M41.0K
16FLRFLUOR CORPCOM0.57%$3M122.9K
17HBMHUDBAY MINERALS INCCOM0.46%$2M590.1K
18AMZNAMAZON.COM INCCOM0.29%$2M14.3K
19WABWABTEC CORPCOM0.26%$1M16.9K
20BRK/BBERKSHIRE HATHAWAY INC. - CL BCL B NEW0.25%$1M4.9K
21GMGENERAL MOTORS COCOM0.25%$1M41.1K
22JPMJPMORGAN CHASE & COCOM0.23%$1M10.7K
23GOOGALPHABET INC CLASS CCAP STK CL C · CAP STK CL A0.23%$1M549
24DYHTARGET CORPCOM0.20%$1M7.5K
25INTCINTEL CORPCOM0.19%$1M27.3K
26DISDISNEY COMPANYCOM0.19%$1M10.8K
27AMATAPPLIED MATERIALS INC.COM0.19%$983,00010.8K
28INGING GROEP NV - ADRSPONSORED ADR0.18%$972,00098.0K
29MEDTRONIC PLCSHS0.18%$958,00010.7K
30AAPLAPPLE INC.COM0.18%$924,0006.8K
31TMOTHERMO FISHER SCIENTIFIC INCCOM0.17%$905,0001.7K
32ROSTROSS STORES INCCOM0.16%$843,00012.0K
33VFCVF CORPCOM0.15%$788,00017.8K
34CSCOCISCO SYSTEMS INCCOM0.15%$777,00018.2K
35TFCTRUIST FINANCIAL CORPCOM0.14%$718,00015.1K
36TUTTLE CAPITAL SHORT INNOVATION ETFETF0.05%$258,0004.0K
37ISHARES IBOXX HIGH YIELD CORPORATE BOND ETFIBOXX HI YD ETF0.04%$201,0002.7K
38SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETFBLOOMBERG HIGH Y0.04%$199,0002.2K
39CVE/WSCENOVUS ENERGY INC - WARRANT*W EXP 01/01/2020.03%$165,00011.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$300M38Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$333M38Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$321M37Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$350M37Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$443M43Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$402M42Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$418M40Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$386M36Jan 23, 202413F-HRchanges · EDGAR ↗
Q3 2023$450M38Oct 23, 202313F-HRchanges · EDGAR ↗
Q2 2023$436M36Jul 24, 202313F-HRchanges · EDGAR ↗
Q1 2023$423M39May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$493M43Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$496M41Oct 20, 202213F-HRchanges · EDGAR ↗
Q2 2022$528M40Jul 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$744M42Apr 28, 202213F-HRchanges · EDGAR ↗
Q4 2021$697M42Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$730M42Oct 20, 202113F-HRchanges · EDGAR ↗
Q2 2021$744M42Jul 20, 202113F-HRchanges · EDGAR ↗
Q1 2021$666M39May 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$578M38Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$425M39Oct 26, 202013F-HRchanges · EDGAR ↗
Q2 2020$312M36Aug 5, 202013F-HRchanges · EDGAR ↗
Q1 2020$230M39Apr 21, 202013F-HRchanges · EDGAR ↗
Q4 2019$315M35Jan 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$251M31Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$220M31Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$168M31May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$146M30Feb 12, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Guardian Partners Inc.028-21632

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.