Managers / Q2 2025 · view latest →
EHP Funds Inc.
CIK 0001927881 · 2300 YONGE STREET, UNIT 2002, TORONTO, Z4, M4P 1E4 · 905-630-7424
Summary
Ehp Funds Inc. reported $288M in U.S.-listed holdings across 40 positions for Q2 2025.
Its largest position, XLE, represents 5.6% of the portfolio.
Compared with Q1 2025, the fund opened 25 new positions and exited 20.
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
- Other · 69.7% · $201M
- ETP · 16.2% · $47M
- Common Stock · 12.9% · $37M
- ADR · 1.1% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MASTERCARD INCORPORATED | NEW | +105.5K | 105.5K | +$59M | $59M |
| VISA INC | NEW | +151.8K | 151.8K | +$54M | $54M |
| APPLOVIN CORP | NEW | +115.5K | 115.5K | +$40M | $40M |
| ISHARES TR | NEW | +156.0K | 156.0K | +$34M | $34M |
| ISHARES TR | NEW | +110.0K | 110.0K | +$9M | $9M |
| INVESCO DB US DLR INDEX TR | NEW | +289.7K | 289.7K | +$8M | $8M |
| CRWVCOREWEAVE INC | NEW | +41.0K | 41.0K | +$7M | $7M |
| NVDANVIDIA CORPORATION | NEW | +41.8K | 41.8K | +$7M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | XLESELECT SECTOR SPDR TR | ENERGY · FINANCIAL · SBI MATERIALS · SBI CONS DISCR | 5.55% | $16M | 202.7K |
| 2 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 3.41% | $10M | 17.8K |
| 3 | ISHARES TR | IBOXX HI YD ETF | 3.08% | $9M | 110.0K |
| 4 | SMHVANECK ETF TRUSThistory → | SEMICONDUCTR ETF | 2.46% | $7M | 25.4K |
| 5 | CRWVCOREWEAVE INChistory → | COM CL A | 2.32% | $7M | 41.0K |
| 6 | NVDANVIDIA CORPORATIONhistory → | COM | 2.30% | $7M | 41.8K |
| 7 | GOOGLALPHABET INChistory → | CAP STK CL A | 2.28% | $7M | 37.2K |
| 8 | AMZNAMAZON COM INChistory → | COM | 2.25% | $6M | 29.5K |
| 9 | SESEA LTDhistory → | SPONSORD ADS | 1.15% | $3M | 20.6K |
| 10 | AMDADVANCED MICRO DEVICES INChistory → | COM | 1.13% | $3M | 22.9K |
| 11 | SPHBINVESCO EXCH TRADED FD TR II | S&P 500 HB ETF | 0.72% | $2M | 21.3K |
| 12 | XMESPDR SERIES TRUST | S&P METALS MNG | 0.56% | $2M | 23.8K |
| 13 | VS TRUST | -1X SHRT VIX FUT | 0.43% | $1M | 79.5K |
| 14 | ESOAENERGY SVCS ACQUISITION CORP | COM | 0.39% | $1M | 111.9K |
| 15 | CTASCINTAS CORP | COM | 0.21% | $601,749 | 2.7K |
| 16 | BXBLACKSTONE INC | COM | 0.19% | $553,446 | 3.7K |
| 17 | GE AEROSPACE | COM NEW | 0.18% | $514,780 | 2.0K |
| 18 | COSTCOSTCO WHSL CORP NEW | COM | 0.17% | $494,970 | 500 |
| 19 | ETRENTERGY CORP NEW | COM | 0.15% | $440,536 | 5.3K |
| 20 | ADPAUTOMATIC DATA PROCESSING IN | COM | 0.14% | $400,920 | 1.3K |
| 21 | DGXQUEST DIAGNOSTICS INC | COM | 0.14% | $395,186 | 2.2K |
| 22 | APHAMPHENOL CORP NEW | CL A | 0.14% | $395,000 | 4.0K |
| 23 | INTUINTUIT | COM | 0.14% | $393,815 | 500 |
| 24 | DALDELTA AIR LINES INC DEL | COM NEW | 0.12% | $344,260 | 7.0K |
| 25 | CEGCONSTELLATION ENERGY CORP | COM | 0.11% | $322,760 | 1.0K |
| 26 | MRVLMARVELL TECHNOLOGY INC | COM | 0.11% | $317,340 | 4.1K |
| 27 | QCOMQUALCOMM INC | COM | 0.11% | $302,594 | 1.9K |
| 28 | BMYBRISTOL-MYERS SQUIBB CO | COM | 0.10% | $300,885 | 6.5K |
| 29 | CVSCVS HEALTH CORP | COM | 0.09% | $255,226 | 3.7K |
| 30 | ALLALLSTATE CORP | COM | 0.08% | $241,572 | 1.2K |
| 31 | GEVGE VERNOVA INC | COM | 0.07% | $211,660 | 400 |
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 ↗.