EHP Funds Inc.

Name: EHP Funds Inc. 13F holdings, Q4 2025
Creator: EHP Funds Inc.
Published: 2026-02-12

Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), EHP Funds Inc. reported 25 stock positions worth $43.6 million. Its top holding was SS Financial Select Sector (XLF) at 10.9% of the portfolio, followed by SS Materials Select Sector (XLB, 9.2%) and SS Consumer Disc Select Sect (XLY, 9.1%). Compared with Q3 2025, it opened 9 new positions, sold out of 79, added to 7 and reduced 9. The biggest buy was SS Financial Select Sector (XLF, shares +430%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −84%).

Most Recent 13F: Q4 2025
Location: TORONTO, Z4
CIK: 0001927881
Portfolio Value: $43.6M (Q4 2025)
SEC Filing: 0001927881-26-000001 ↗ filed Feb 12, 2026

Holdings Value

Holdings 25 stocks · $43.6M


XLF SS Financial Select Sector	10.90%	86,900	$4.8M	Add +429.9%
XLB SS Materials Select Sector	9.19%	88,400	$4.0M	New
XLY SS Consumer Disc Select Sect	9.08%	33,200	$4.0M	New
XLI SS Industrial Select Sector	8.99%	25,300	$3.9M	New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	8.31%	45,000	$3.6M	Reduce -10.0%
SMH Vaneck Semiconductor ETF	5.61%	6,800	$2.4M	Reduce -77.9%
NVDA Nvidia Corp.	5.24%	12,272	$2.3M	Add +34.3%
AMZN Amazon.com Inc.	5.07%	9,585	$2.2M	Add +22.7%
FSLR First Solar Inc.	4.29%	7,164	$1.9M	Add +657.3%
SPHB Invesco S&P 500 High Beta Et	4.15%	15,500	$1.8M	Reduce -17.1%
GOOGL Alphabet Inc. Class A	3.80%	5,300	$1.7M	Add +33.6%
XME SS SPDR S&P Metals Mining	3.66%	15,400	$1.6M	Reduce -23.4%
QQQ Invesco QQQ Trust Series 1	3.24%	2,300	$1.4M	Reduce -84.0%
HON Honeywell International Inc.	2.50%	5,589	$1.1M	New
NFLX Netflix Inc.	2.49%	11,578	$1.1M	Add +4.3%
MSFT Microsoft Corp.	2.41%	2,173	$1.1M	Reduce -49.5%
EWY iShares MSCI South Korea ETF	1.88%	8,450	$822K	Reduce -46.8%
LYFT LYFT Inc. Class A	1.83%	41,243	$799K	New
XLE SS Energy Select Sector	1.41%	13,800	$617K	Reduce -6.8%
JAZZ Jazz Pharmaceuticals PLC	1.30%	3,350	$570K	New
AMGN Amgen Inc.	1.28%	1,703	$557K	New
EXPE Expedia Group Inc.	0.97%	1,500	$425K	New
TER Teradyne Inc.	0.89%	2,000	$387K	Reduce -33.8%
CEG Constellation Energy	0.81%	1,000	$353K	Add +11.1%
PURR Hyperliquid Strategies	0.69%	84,924	$302K	New

Portfolio Sells Q3 2025 → Q4 2025


QQQ Invesco QQQ Trust Series 1	Reduce -84.0%	3.24%	−8.14
SMH Vaneck Semiconductor ETF	Reduce -77.9%	5.61%	−7.62
CPER United States Copper Index	Sold out	0.00%	−4.38
AAPL Apple Inc.	Sold out	0.00%	−3.51
BRK.B Berkshire Hathaway Inc. Class B	Sold out	0.00%	−1.80
COST Costco Wholesale Corp.	Sold out	0.00%	−1.76
DAL Delta Air Lines Inc.	Sold out	0.00%	−1.73
BAC Bank of America Corp.	Sold out	0.00%	−1.69
AIRS Airsculpt Technologies Inc.	Sold out	0.00%	−1.61
GS Goldman Sachs Group Inc.	Sold out	0.00%	−1.51
XGN Exagen Inc.	Sold out	0.00%	−1.31
ORCL Oracle Corp.	Sold out	0.00%	−1.18
TIC Tic Solutions Inc.	Sold out	0.00%	−1.15
STLN Starling Oncology Inc.	Sold out	0.00%	−1.12
PANW Palo Alto Networks Inc.	Sold out	0.00%	−0.88
UBER Uber Technologies Inc.	Sold out	0.00%	−0.88
LLY Eli Lilly & Co.	Sold out	0.00%	−0.88
MS Morgan Stanley	Sold out	0.00%	−0.87
GILD Gilead Sciences Inc.	Sold out	0.00%	−0.87
SPOT Spotify Technology SA	Sold out	0.00%	−0.85
VIXY Proshares Vix Short-Term Fut	Sold out	0.00%	−0.85
STIM Neuronetics Inc.	Sold out	0.00%	−0.75
V Visa Inc. Class A	Sold out	0.00%	−0.72
TKNO Alpha Teknova Inc.	Sold out	0.00%	−0.72
TMUS T-Mobile US Inc.	Sold out	0.00%	−0.69
COR Cencora Inc.	Sold out	0.00%	−0.66
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.66
LRCX Lam Research Corp.	Sold out	0.00%	−0.63
INTU Intuit Inc.	Sold out	0.00%	−0.63
WW WW International Inc.-New	Sold out	0.00%	−0.62
EQT Eqt Corp.	Sold out	0.00%	−0.56
DGX Quest Diagnostics Inc.	Sold out	0.00%	−0.55
MSFT Microsoft Corp.	Reduce -49.5%	2.41%	−0.52
AVGO Broadcom Inc.	Sold out	0.00%	−0.52
MCK McKesson Corp.	Sold out	0.00%	−0.51
APP AppLovin Corp. Class A	Sold out	0.00%	−0.48
WAB Wabtec Corp.	Sold out	0.00%	−0.47
VLTO Veralto Corp.	Sold out	0.00%	−0.46
BABA Alibaba Group Holding-SP ADR	Sold out	0.00%	−0.46
INTC Intel Corp.	Sold out	0.00%	−0.45
GOOG Alphabet Inc. Class C	Sold out	0.00%	−0.43
QCOM Qualcomm Inc.	Sold out	0.00%	−0.39
PGR Progressive Corp.	Sold out	0.00%	−0.39
CIEN Ciena Corp.	Sold out	0.00%	−0.39
CTAS Cintas Corp.	Sold out	0.00%	−0.38
CVRX CVRX Inc.	Sold out	0.00%	−0.36
ALHC Alignment Healthcare Inc.	Sold out	0.00%	−0.35
ONTO Onto Innovation Inc.	Sold out	0.00%	−0.33
ROL Rollins Inc.	Sold out	0.00%	−0.32
ASYS Amtech Systems Inc.	Sold out	0.00%	−0.31

Portfolio Buys Q3 2025 → Q4 2025


XLF SS Financial Select Sector	Add +429.9%	10.90%	+9.74
XLB SS Materials Select Sector	New	9.19%	+9.19
XLY SS Consumer Disc Select Sect	New	9.08%	+9.08
XLI SS Industrial Select Sector	New	8.99%	+8.99
FSLR First Solar Inc.	Add +657.3%	4.29%	+4.01
NVDA Nvidia Corp.	Add +34.3%	5.24%	+3.00
AMZN Amazon.com Inc.	Add +22.7%	5.07%	+2.81
GOOGL Alphabet Inc. Class A	Add +33.6%	3.80%	+2.53
HON Honeywell International Inc.	New	2.50%	+2.50
LYFT LYFT Inc. Class A	New	1.83%	+1.83
JAZZ Jazz Pharmaceuticals PLC	New	1.30%	+1.30
AMGN Amgen Inc.	New	1.28%	+1.28
EXPE Expedia Group Inc.	New	0.97%	+0.97
NFLX Netflix Inc.	Add +4.3%	2.49%	+0.74
PURR Hyperliquid Strategies	New	0.69%	+0.69
CEG Constellation Energy	Add +11.1%	0.81%	+0.42

Options Activity Q3 2025 → Q4 2025


VANECK ETF TRUST	put	Sold out	60,000	$19.6Mbefore exit
ISHARES TR	call	Sold out	103,500	$9.2Mbefore exit
INVESCO QQQ TR	put	Sold out	10,000	$6.0Mbefore exit
VANECK ETF TRUST	put	Sold out	25,000	$2.5Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q4 2025	25	$43.6M	XLF, XLB, XLY, XLI, HYG
Q3 2025	95	$76.0M	SMH, QQQ, HYG, CPER, AAPL
Q2 2025	34	$87.1M	QQQ, HYG, SMH, CRWV, NVDA
Q1 2025	33	$89.7M	TLT, XLE, SMH, QQQ, XLB
Q4 2024	49	$96.9M	SMH, QQQ, IYT, SPHB, XOP
Q3 2024	41	$142.6M	IEF, HYG, QQQ, SMH, PROSHARES VIX SHORT-TERM FUT
Q2 2024	83	$202.3M	SMH, XME, QQQ, HYG, XLE
Q1 2024	111	$144.6M	IEF, HYG, PROSHARES VIX SHORT-TERM FUT, XLE, XLB