SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Galibier Capital Management Ltd.

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

Reported Value
$496M
Q3 2022
Positions
41
Filings on Record
28
2019–present window
Filed
Oct 20, 2022
original filing

Summary

Galibier Capital Management Ltd. reported $496M in U.S.-listed holdings across 41 positions for Q3 2022.

Its largest position, Canadian Pacific Railway, represents 9.6% of the portfolio.

Compared with Q2 2022, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+75.0%
share of reported value
Largest Position
+9.6%
Canadian Pacific Railway
New / Exited
3 / 2
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: 89.8%Other: 9.9%ADR: 0.2%ETP: 0.1%Equity WRT: 0.0%
  • Common Stock · 89.8% · $445M
  • Other · 9.9% · $49M
  • ADR · 0.2% · $1M
  • ETP · 0.1% · $316,000
  • Equity WRT · 0.0% · $126,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRCCANADIAN NATURAL RESOURCES LTDNEW+357.0K357.0K+$17M$17M
AXS SHORT INNOVATION ETFNEW+8.4K8.4K+$520,000$520,000
MTNVAIL RESORTS INC.NEW+2.1K2.1K+$453,000$453,000
GOOGALPHABET INC CLASS CADDED+6.4K6.8K−$90,000$652,000
GOOGLALPHABET INC CLASS AADDED+4.0K4.2K−$56,000$402,000
AMATAPPLIED MATERIALS INC.SOLD OUT−10.8K0−$983,000$0
TUTTLE CAPITAL SHORT INNOVATION ETFSOLD OUT−4.0K0−$258,000$0
CAECAE INCADDED+675.9K1.44M+$3M$22M

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

Holdings — Q3 2022

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CANADIAN PACIFIC RAILWAY LTDCOM9.62%$48M710.7K
2MFCMANULIFE FINANCIAL CORPhistory →COM8.50%$42M2.67M
3QSRRESTAURANT BRANDS INTERNATIONAL INC.history →COM8.05%$40M746.4K
4NTRNUTRIEN LTDhistory →COM7.91%$39M468.1K
5CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM7.61%$38M858.0K
6AEMAGNICO EAGLE MINES LTDhistory →COM7.43%$37M867.7K
7GIB/ACGI INChistory →CL A SUB VTG6.91%$34M453.2K
8GILGILDAN ACTIVEWEAR INChistory →COM6.58%$33M1.15M
9RCI/BROGERS COMMUNICATIONS INC CLASS Bhistory →CL B6.44%$32M824.7K
10BNSBANK OF NOVA SCOTIAhistory →COM5.99%$30M621.1K
11CVECENOVUS ENERGY INChistory →COM5.91%$29M1.90M
12ENBENBRIDGE INChistory →COM4.93%$24M655.7K
13CAECAE INChistory →COM4.49%$22M1.44M
14CRCCANADIAN NATURAL RESOURCES LTDhistory →COM3.37%$17M357.0K
15OSKOSHKOSH CORP.COM0.81%$4M56.8K
16FLRFLUOR CORPCOM0.62%$3M122.9K
17HSICHENRY SCHEIN INC.COM0.54%$3M41.0K
18HBMHUDBAY MINERALS INCCOM0.48%$2M590.1K
19AMZNAMAZON.COM INCCOM0.32%$2M14.2K
20WABWABTEC CORPCOM0.28%$1M16.9K
21GMGENERAL MOTORS COCOM0.27%$1M41.1K
22BRK/BBERKSHIRE HATHAWAY INC. - CL BCL B NEW0.27%$1M4.9K
23JPMJPMORGAN CHASE & COCOM0.23%$1M10.7K
24AAPLAPPLE INC.COM0.22%$1M8.1K
25GOOGALPHABET INC CLASS CCAP STK CL C · CAP STK CL A0.21%$1M11.0K
26INGING GROEP NV - ADRSPONSORED ADR0.21%$1M120.0K
27DISDISNEY COMPANYCOM0.21%$1M10.8K
28DYHTARGET CORPCOM0.19%$943,0006.3K
29ROSTROSS STORES INCCOM0.18%$910,00010.8K
30MEDTRONIC PLCSHS0.17%$862,00010.7K
31INTCINTEL CORPCOM0.17%$851,00033.0K
32TMOTHERMO FISHER SCIENTIFIC INCCOM0.17%$844,0001.7K
33VFCVF CORPCOM0.16%$808,00027.0K
34CSCOCISCO SYSTEMS INCCOM0.15%$729,00018.2K
35TFCTRUIST FINANCIAL CORPCOM0.13%$660,00015.1K
36AXS SHORT INNOVATION ETFAXS SHORT INNOV0.10%$520,0008.4K
37MTNVAIL RESORTS INC.COM0.09%$453,0002.1K
38ISHARES IBOXX HIGH YIELD CORPORATE BOND ETFIBOXX HI YD ETF0.03%$159,0002.2K
39SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETFBLOOMBERG HIGH Y0.03%$157,0001.8K
40CVE/WSCENOVUS ENERGY INC - WARRANT*W EXP 01/01/2020.03%$126,00011.9K

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 ↗.