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GCM
Galibier Capital Management Portfolio holdings
AUM
$300M
1-Year Est. Return
22.03%
This Fund
S&P 500
This Quarter
Est. Return
+13.37%
1 Year Est. Return
+22.03%
3 Year Est. Return
+66.83%
5 Year Est. Return
+107.72%
10 Year Est. Return
–
AUM
$333M
AUM Growth
+$12.3M
(+3.8%)
Cap. Flow
-$24.2M
Cap. Flow
% of AUM
-7.27%
Top 10 Holdings %
Top 10 Hldgs %
68.84%
Holding
41
New
4
Increased
6
Reduced
12
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Telus
TU
|
+$14M |
| 2 |
Gildan
GIL
|
+$12.5M |
| 3 |
Royal Bank of Canada
RY
|
+$6.02M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$5.85M |
| 5 |
Restaurant Brands International
QSR
|
+$3.15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cenovus Energy
CVE
|
+$18.5M |
| 2 |
Hudbay
HBM
|
+$10.7M |
| 3 |
ATS Corp
ATS
|
+$8.78M |
| 4 |
Canadian Imperial Bank of Commerce
CM
|
+$6.43M |
| 5 |
Cameco
CCJ
|
+$6.36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.43% |
| 2 | Materials | 23.28% |
| 3 | Energy | 17.66% |
| 4 | Industrials | 13.34% |
| 5 | Consumer Discretionary | 8.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
JPMorgan Chase
JPM
$951B
| $1.09M | 0.33% |
3,760
| – | – |
|
27
Thermo Fisher Scientific
TMO
$216B
| $986K | 0.3% |
2,432
+950
| +64% | +$397K |
|
28
Zimmer Biomet
ZBH
$18.3B
| $956K | 0.29% |
10,484
| – | – |
|
29
Microsoft
MSFT
$3.72T
| $899K | 0.27% |
1,808
| – | – |
|
30
AutoZone
AZO
$50.1B
| $742K | 0.22% |
+200
| New | +$737K |
|
31
Alphabet (Google) Class A
GOOGL
$4.35T
| $740K | 0.22% |
4,200
| – | – |
|
32
Deckers Outdoor
DECK
$13.3B
| $629K | 0.19% |
+6,100
| New | +$675K |
|
33
Wabtec
WAB
$49.8B
| $623K | 0.19% |
2,978
| – | – |
|
34
ASML
ASML
$665B
| $561K | 0.17% |
700
| – | – |
|
35
Canadian National Railway
CNI
$77.2B
| $229K | 0.07% |
2,200
| – | – |
|
36
TC Energy
TRP
$66.3B
| $88.5K | 0.03% |
1,816
| – | – |
|
37
Nike
NKE
$62.1B
| $28.4K | 0.01% |
400
| – | – |
|
|
SOBO
38
South Bow Corp
SOBO
$7.51B
| $9.41K | ﹤0.01% |
363
| – | – |
|
|
39
Cenovus Energy
CVE
$52.6B
| – | – |
-1,331,784
| Closed | -$18.5M |
|
|
CVE.WS
40
DELISTED
Cenovus Energy Inc Warrants
CVE.WS
| – | – |
-39,402
| Closed | -$370K |
|
41
TSMC
TSM
$2.17T
| – | – |
-4,210
| Closed | -$699K |
|
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Galibier Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Galibier Capital Management held 41 positions worth $333M, up 3.8% from $321M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Galibier Capital Management withdrew a net $24.2M in Q2 2025, closing 3 positions and reducing 12 holdings. Its most notable exit was Cenovus Energy, an estimated $18.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 22% a quarter earlier, followed by Materials and Energy.
Against the trend, Galibier Capital Management opened a new position in Telus worth $14.5M.
- Galibier Capital Management's largest Q2 2025 buy was Telus: 902,372 shares worth $14.5M.
- Galibier Capital Management added most to Royal Bank of Canada in Q2 2025, an estimated $6.02M increase.
- Galibier Capital Management's biggest Q2 2025 reduction was Hudbay, cutting an estimated $10.7M.
- Galibier Capital Management fully exited Cenovus Energy in Q2 2025, selling an estimated $18.5M.
- Galibier Capital Management's ten largest holdings make up 69% of its $333M portfolio in Q2 2025.
- Galibier Capital Management opened 4 new positions and closed 3 in Q2 2025.
- Galibier Capital Management's portfolio value rose 3.8% quarter-over-quarter to $333M.
Based on Galibier Capital Management's 13F filing for Q2 2025, filed 7 Aug 2025.