Managers / Q4 2025
EHP Funds Inc.
CIK 0001927881 · 2300 YONGE STREET, UNIT 2002, TORONTO, Z4, M4P 1E4 · 905-630-7424
Summary
Ehp Funds Inc. reported $44M in U.S.-listed holdings across 25 positions for Q4 2025.
The portfolio is heavily concentrated: XLF alone accounts for 39.6% of reported value.
Compared with Q3 2025, the fund opened 9 new positions and exited 83.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 66.4% · $29M
- Common Stock · 33.6% · $15M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| XLBSELECT SECTOR SPDR TR | NEW | +88.4K | 88.4K | +$4M | $4M |
| XLYSELECT SECTOR SPDR TR | NEW | +33.2K | 33.2K | +$4M | $4M |
| XLISELECT SECTOR SPDR TR | NEW | +25.3K | 25.3K | +$4M | $4M |
| HONHONEYWELL INTL INC | NEW | +5.6K | 5.6K | +$1M | $1M |
| LYFTLYFT INC | NEW | +41.2K | 41.2K | +$798,877 | $798,877 |
| JAZZJAZZ PHARMACEUTICALS PLC | NEW | +3.4K | 3.4K | +$569,500 | $569,500 |
| AMGNAMGEN INC | NEW | +1.7K | 1.7K | +$557,409 | $557,409 |
| EXPEEXPEDIA GROUP INC | NEW | +1.5K | 1.5K | +$424,965 | $424,965 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | XLFSELECT SECTOR SPDR TR | STATE STREET FIN · STATE STREET MAT · STATE STREET CON · STATE STREET IND · STATE STREET ENE | 39.58% | $17M | 247.6K |
| 2 | ISHARES TR | IBOXX HI YD ETF | 8.31% | $4M | 45.0K |
| 3 | SMHVANECK ETF TRUSThistory → | SEMICONDUCTR ETF | 5.61% | $2M | 6.8K |
| 4 | NVDANVIDIA CORPORATIONhistory → | COM | 5.24% | $2M | 12.3K |
| 5 | AMZNAMAZON COM INChistory → | COM | 5.07% | $2M | 9.6K |
| 6 | FSLRFIRST SOLAR INChistory → | COM | 4.29% | $2M | 7.2K |
| 7 | SPHBINVESCO EXCH TRADED FD TR IIhistory → | S&P 500 HB ETF | 4.15% | $2M | 15.5K |
| 8 | GOOGLALPHABET INChistory → | CAP STK CL A | 3.80% | $2M | 5.3K |
| 9 | XMESPDR SERIES TRUSThistory → | STATE STREET SPD | 3.66% | $2M | 15.4K |
| 10 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 3.24% | $1M | 2.3K |
| 11 | HONHONEYWELL INTL INChistory → | COM | 2.50% | $1M | 5.6K |
| 12 | NFLXNETFLIX INChistory → | COM | 2.49% | $1M | 11.6K |
| 13 | MSFTMICROSOFT CORPhistory → | COM | 2.41% | $1M | 2.2K |
| 14 | EWYISHARES INChistory → | MSCI STH KOR ETF | 1.88% | $821,509 | 8.4K |
| 15 | LYFTLYFT INChistory → | CL A COM | 1.83% | $798,877 | 41.2K |
| 16 | JAZZJAZZ PHARMACEUTICALS PLChistory → | SHS USD | 1.30% | $569,500 | 3.4K |
| 17 | AMGNAMGEN INChistory → | COM | 1.28% | $557,409 | 1.7K |
| 18 | EXPEEXPEDIA GROUP INC | COM NEW | 0.97% | $424,965 | 1.5K |
| 19 | TERTERADYNE INC | COM | 0.89% | $387,120 | 2.0K |
| 20 | CEGCONSTELLATION ENERGY CORP | COM | 0.81% | $353,270 | 1.0K |
| 21 | PURRHYPERLIQUID STRATEGIES INC | COM | 0.69% | $302,329 | 84.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2025 | $44M | 25 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $113M | 99 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $288M | 40 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $127M | 35 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $108M | 51 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $159M | 43 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $202M | 83 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $244M | 174 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $275M | 196 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $214M | 259 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $407M | 288 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | Under review | 306 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 343 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $494M | 407 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $601M | 417 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $601M | 335 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
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 ↗.