Galibier Capital Management Ltd. — 13F holdings

Galibier Capital Management Ltd. reported 38 holdings worth $300M in its 13F filing for Q3 2025, filed October 21, 2025.

Largest positions

1. AEM AGNICO EAGLE MINES LTD — $38.1M (12.7%)
2. RY ROYAL BK CDA — $32.5M (10.8%)
3. ENB ENBRIDGE INC — $25.2M (8.4%)
4. CNQ CANADIAN NAT RES LTD — $20.3M (6.8%)
5. MFC MANULIFE FINL CORP — $19.8M (6.6%)
6. CP CANADIAN PACIFIC KANSAS CITY — $17.9M (6.0%)
7. CM CANADIAN IMPERIAL BANK OF CO — $16.9M (5.6%)
8. NTR NUTRIEN LTD — $16.5M (5.5%)
9. GIB CGI INC — $13.8M (4.6%)
10. TU TELUS CORPORATION — $12.4M (4.1%)