# EDGAR Filing Document

**Accession Number:** 0001765768
**File Stem:** 0001567619-23-001309
**Filing Date:** 2023-1
**Character Count:** 8361
**Document Hash:** 5e51f03b969f2eb81efba3096e1636da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001567619-23-001309.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001567619-23-001309

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**EFFECTIVENESS DATE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Galibier Capital Management Ltd.
- **CENTRAL INDEX KEY:** 0001765768
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19119
- **FILM NUMBER:** 23557348

**BUSINESS ADDRESS:**
- **STREET 1:** 80 RICHMOND STREET WEST, SUITE 1100
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 2A4
- **BUSINESS PHONE:** 416.867.1234

**MAIL ADDRESS:**
- **STREET 1:** 80 RICHMOND STREET WEST, SUITE 1100
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 2A4

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Galibier Capital Management Ltd.<br>**Address:** 80 RICHMOND STREET WEST SUITE 1100<br>TORONTO, A6 M5H 2A4

**Form 13F File Number:** 028-19119

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Graham Anderson<br>**Title:** Chief Financial Officer<br>**Phone:** 416-867-1234

**Signature, Place, and Date of Signing:**

/s/ Graham Anderson  Toronto, A6  01-26-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 43

**Form 13F Information Table Value Total:** $493145640

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                   | Form 13F File Number   |
|:---|:---|:---|
|  | Guardian Partners Inc. | 028-21632              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 42521331 | 818855 | SH |  | OTR | 1 | 680744 | 9435 | 128676 |
| ALPHABET INC CLASS A | CAP STK CL A | 02079K305 |  | 370566 | 4200 | SH |  | SOLE | None | 4200 | 0 | 0 |
| ALPHABET INC CLASS C | CAP STK CL C | 02079K107 |  | 931842 | 10502 | SH |  | SOLE | None | 10502 | 0 | 0 |
| APPLE INC. | COM | 037833100 |  | 2437487 | 18760 | SH |  | SOLE | None | 18760 | 0 | 0 |
| AXS SHORT INNOVATION ETF | AXS SHORT INNOV | 46144X628 |  | 190785 | 3500 | SH |  | SOLE | None | 3500 | 0 | 0 |
| BANK OF NOVA SCOTIA | COM | 064149107 |  | 30925229 | 631631 | SH |  | OTR | 1 | 531676 | 7379 | 92576 |
| BERKSHIRE HATHAWAY INC. - CL B | CL B NEW | 084670702 |  | 1522259 | 4928 | SH |  | SOLE | None | 4928 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 29772564 | 1540305 | SH |  | OTR | 1 | 1290650 | 17772 | 231883 |
| CANADIAN IMPERIAL BANK OF COMMERCE | COM | 136069101 |  | 33500137 | 828762 | SH |  | OTR | 1 | 692540 | 9318 | 126904 |
| CANADIAN NATIONAL RAILWAY CO | COM | 136375102 |  | 261150 | 2200 | SH |  | SOLE | None | 2200 | 0 | 0 |
| CANADIAN NATURAL RESOURCES LTD | COM | 136385101 |  | 23408003 | 421823 | SH |  | OTR | 1 | 351593 | 4806 | 65424 |
| CANADIAN PACIFIC RAILWAY LTD | COM | 13645T100 |  | 51303617 | 688601 | SH |  | OTR | 1 | 575375 | 7915 | 105311 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 35405620 | 1826157 | SH |  | OTR | 1 | 1521710 | 20813 | 283634 |
| CENOVUS ENERGY INC - WARRANT | *W EXP 01/01/202 | 15135U117 |  | 230927 | 15875 | SH |  | SOLE | None | 15875 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 37589266 | 436397 | SH |  | OTR | 1 | 363543 | 4972 | 67882 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 867810 | 18216 | SH |  | SOLE | None | 18216 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 94548 | 1200 | SH |  | SOLE | None | 1200 | 0 | 0 |
| DIAGEO PLC - SPONSORED ADR | SPONSORED ADR | 25243Q205 |  | 160371 | 900 | SH |  | SOLE | None | 900 | 0 | 0 |
| DISNEY COMPANY | COM | 254687106 |  | 1234391 | 14208 | SH |  | SOLE | None | 14208 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 24638159 | 630833 | SH |  | OTR | 1 | 525860 | 7193 | 97780 |
| ESTEE LAUDER COMPANIES INC. | CL A | 518439104 |  | 806358 | 3250 | SH |  | SOLE | None | 3250 | 0 | 0 |
| GENERAC HOLDINGS INC | COM | 368736104 |  | 4935158 | 49028 | SH |  | SOLE | None | 49028 | 0 | 0 |
| GENERAL MOTORS CO | COM | 37045V100 |  | 1197584 | 35600 | SH |  | SOLE | None | 35600 | 0 | 0 |
| HENRY SCHEIN INC. | COM | 806407102 |  | 3272753 | 40976 | SH |  | SOLE | None | 40976 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 2221680 | 440100 | SH |  | SOLE | None | 440100 | 0 | 0 |
| ING GROEP NV - ADR | SPONSORED ADR | 456837103 |  | 1071349 | 88032 | SH |  | SOLE | None | 88032 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 994059 | 37611 | SH |  | SOLE | None | 37611 | 0 | 0 |
| ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF | IBOXX HI YD ETF | 464288513 |  | 147334 | 2001 | SH |  | SOLE | None | 2001 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1168011 | 8710 | SH |  | SOLE | None | 8710 | 0 | 0 |
| MANULIFE FINANCIAL CORP | COM | 56501R106 |  | 45848353 | 2572365 | SH |  | OTR | 1 | 2143755 | 29310 | 399300 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 829272 | 10670 | SH |  | SOLE | None | 10670 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 312417 | 2670 | SH |  | SOLE | None | 2670 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 32420876 | 444400 | SH |  | OTR | 1 | 369156 | 5258 | 69986 |
| OSHKOSH CORP. | COM | 688239201 |  | 5073483 | 57529 | SH |  | SOLE | None | 57529 | 0 | 0 |
| RESTAURANT BRANDS INTERNATIONAL INC. | COM | 76131D103 |  | 32341917 | 500422 | SH |  | OTR | 1 | 417695 | 5654 | 77073 |
| ROGERS COMMUNICATIONS INC CLASS B | CL B | 775109200 |  | 37361946 | 798862 | SH |  | OTR | 1 | 666346 | 9266 | 123250 |
| ROYAL BANK OF CANADA | COM | 780087102 |  | 367349 | 3910 | SH |  | SOLE | None | 3910 | 0 | 0 |
| SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF | BLOOMBERG HIGH Y | 78468R622 |  | 144000 | 1600 | SH |  | SOLE | None | 1600 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1447476 | 9712 | SH |  | SOLE | None | 9712 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 916899 | 1665 | SH |  | SOLE | None | 1665 | 0 | 0 |
| TRUIST FINANCIAL CORP | COM | 89832Q109 |  | 871228 | 20247 | SH |  | SOLE | None | 20247 | 0 | 0 |
| VAIL RESORTS INC. | COM | 91879Q109 |  | 741030 | 3109 | SH |  | SOLE | None | 3109 | 0 | 0 |
| WABTEC CORP | COM | 929740108 |  | 1289046 | 12915 | SH |  | SOLE | None | 12915 | 0 | 0 |

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