EHP Funds Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), EHP Funds Inc. reported 83 stock positions worth $202.3 million. Its top holding was Vaneck Semiconductor ETF (SMH) at 26.2% of the portfolio, followed by SS SPDR S&P Metals Mining (XME, 21.9%) and Invesco QQQ Trust Series 1 (QQQ, 12.5%). Compared with Q1 2024, it opened 26 new positions, sold out of 54, added to 17 and reduced 35. The biggest buy was Vaneck Semiconductor ETF (SMH, shares +2021%) and the biggest sale an exit from iShares 7-10 Year Treasury B (IEF).

Most Recent 13F
Q4 2025
Location
TORONTO, Z4
CIK
0001927881
Portfolio Value
$202.3M (Q2 2024)
SEC Filing
0001927881-24-000001 ↗ filed Aug 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $144.6M Q1 2024 Q2 2024: $202.3M $202.3M Q2 2024 Q3 2024: $142.6M Q3 2024 Q4 2024: $96.9M Q4 2024 Q1 2025: $89.7M Q1 2025 Q2 2025: $87.1M Q2 2025 Q3 2025: $76.0M Q3 2025 Q4 2025: $43.6M Q4 2025

Holdings 83 stocks · $202.3M
SMH Vaneck Semiconductor ETF 26.23% 203,600 $53.1M Add +2020.8%
XME SS SPDR S&P Metals Mining 21.86% 745,500 $44.2M New
QQQ Invesco QQQ Trust Series 1 12.50% 52,800 $25.3M Add +977.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 10.41% 273,000 $21.1M Add +6.9%
XLE SS Energy Select Sector 7.66% 170,000 $15.5M Add +141.1%
SVIX -1X Short Vix Futures ETF 1.63% 69,000 $3.3M New
SPY SS SPDR S&P 500 ETF Trust-US 1.26% 4,700 $2.6M Add +34.3%
VGK Vanguard Ftse Europe ETF 0.87% 26,300 $1.8M Add +128.7%
EWJ iShares MSCI Japan ETF 0.44% 13,000 $887K New
SWN Southwestern Energy Co. 0.41% 124,083 $835K Reduce -28.7%
PRFT Perficient Inc. 0.37% 10,000 $748K New
EVBG Everbridge Inc. 0.35% 20,000 $700K Reduce -42.9%
PKG Packaging Corp. of America 0.34% 3,800 $694K Reduce -24.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.34% 14,700 $694K New
LEN Lennar Corp. Class A 0.33% 4,500 $674K Reduce -8.2%
HCP Hashicorp Inc. Class A 0.33% 20,000 $674K New
MCK McKesson Corp. 0.32% 1,100 $642K Reduce -21.4%
FANG Diamondback Energy Inc. 0.32% 3,200 $641K New
RCM R1 RCM Inc. 0.31% 50,000 $628K Reduce -41.2%
NVEI Nuvei Corp.-Subordinate VTG 0.30% 19,000 $615K New
HIBB Hibbett Inc. 0.30% 7,000 $610K New
COR Cencora Inc. 0.30% 2,700 $608K Reduce -27.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.30% 3,500 $605K Add +75.0%
NTAP Netapp Inc. 0.29% 4,600 $592K Reduce -16.4%
HAYN Haynes International Inc. 0.29% 10,089 $592K Reduce -36.9%
PHM Pultegroup Inc. 0.29% 5,300 $584K Reduce -10.2%
CAH Cardinal Health Inc. 0.29% 5,900 $580K Reduce -10.6%
KLAC KLA Corp. 0.29% 700 $577K Reduce -22.2%
PCAR Paccar Inc. 0.28% 5,500 $566K Reduce -22.5%
CTAS Cintas Corp. 0.28% 800 $560K Add +60.0%
KR Kroger Co. 0.28% 11,200 $559K Add +72.3%
ROST Ross Stores Inc. 0.27% 3,800 $552K Reduce -15.6%
NRG NRG Energy Inc. 0.27% 7,000 $545K New
STER Sterling Check Corp. 0.26% 36,094 $534K Reduce -51.9%
CL Colgate-Palmolive Co. 0.26% 5,500 $534K Add +89.7%
HIG Hartford Insurance Group Inc. 0.25% 5,100 $513K Reduce -8.9%
APH Amphenol Corp. Class A 0.25% 7,600 $512K Reduce -30.9%
COST Costco Wholesale Corp. 0.25% 600 $510K Reduce -25.0%
SHW The Sherwin-Williams Co. 0.25% 1,700 $507K Add +30.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.25% 4,600 $506K Reduce -16.4%
META Meta Platforms Inc. Class A 0.25% 1,000 $504K Reduce -16.7%
VLO Valero Energy Corp. 0.25% 3,200 $502K Add +6.7%
CAT Caterpillar Inc. 0.25% 1,500 $500K Reduce -11.8%
GOOGL Alphabet Inc. Class A 0.24% 2,700 $492K Reduce -38.6%
MPC Marathon Petroleum Corp. 0.24% 2,800 $486K Reduce -6.7%
ACGL Arch Capital Group Ltd. 0.24% 4,800 $484K Reduce -27.3%
MOH Molina Healthcare Inc. 0.24% 1,600 $476K No change
V Visa Inc. Class A 0.23% 1,800 $472K No change
WMT Walmart Inc. 0.23% 6,900 $467K New
EOG EOG Resources Inc. 0.23% 3,700 $466K New
MSI Motorola Solutions Inc. 0.23% 1,200 $463K No change
DXC DXC Technology Co. 0.23% 23,900 $456K New
TRV The Travelers Cos Inc. 0.22% 2,200 $447K Add +83.3%
MA Mastercard Inc. Class A 0.22% 1,000 $441K Reduce -28.6%
LDOS Leidos Holdings Inc. 0.22% 3,000 $438K New
HOLI Hollysys Automation Technolo 0.21% 20,000 $433K Reduce -66.7%
NUE Nucor Corp. 0.21% 2,700 $427K Reduce -6.9%
STLD Steel Dynamics Inc. 0.20% 3,200 $414K New
COP Conocophillips 0.20% 3,600 $412K New
AOS Smith (a.o.) Corp. 0.20% 5,000 $409K New
PG The Procter & Gamble Co. 0.20% 2,400 $396K Reduce -40.0%
DECK Deckers Outdoor Corp. 0.19% 400 $387K New
RL Ralph Lauren Corp. 0.18% 2,100 $368K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.18% 400 $361K Reduce -42.9%
ABBV Abbvie Inc. 0.18% 2,100 $360K New
MSFT Microsoft Corp. 0.18% 800 $358K Add +60.0%
BLDR Builders Firstsource Inc. 0.16% 2,400 $332K Add +26.3%
BRK.B Berkshire Hathaway Inc. Class B 0.16% 800 $325K No change
IT Gartner Inc. 0.16% 700 $314K Reduce -36.4%
PGR Progressive Corp. 0.15% 1,500 $312K New
AVY Avery Dennison Corp. 0.15% 1,400 $306K New
HAL Halliburton Co. 0.15% 8,800 $297K New
SNA Snap-on Inc. 0.14% 1,100 $288K Reduce -60.7%
EWL iShares MSCI Switzerland ETF 0.14% 5,800 $280K Add +16.0%
EWG iShares MSCI Germany ETF 0.14% 9,100 $279K Add +23.0%
AMAT Applied Materials Inc. 0.13% 1,100 $260K Reduce -26.7%
AMP Ameriprise Financial Inc. 0.13% 600 $256K Reduce -50.0%
DOMA Doma Holdings Inc. 0.12% 40,516 $246K New
CBOE Cboe Global Markets Inc. 0.12% 1,400 $238K No change
DVA Davita Inc. 0.11% 1,600 $222K Reduce -65.2%
LRCX Lam Research Corp. 0.11% 200 $213K Reduce -50.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.10% 2,700 $212K New
HD Home Depot Inc. 0.10% 600 $207K New

Portfolio Sells Q1 2024 → Q2 2024
IEF iShares 7-10 Year Treasury B Sold out 0.00% −28.06
PROSHARES VIX SHORT-TERM FUT Sold out 0.00% −4.78
XLB SS Materials Select Sector Sold out 0.00% −4.57
ERF Enerplus Corp. Sold out 0.00% −1.02
PXD Pioneer Natural Resources Co. Sold out 0.00% −0.95
CPRI Capri Holdings Ltd. Sold out 0.00% −0.94
TCN Tricon Residential Inc. Sold out 0.00% −0.89
HOLI Hollysys Automation Technolo Reduce -66.7% 0.21% −0.85
SP SP Plus Corp. Sold out 0.00% −0.79
AGTI Agiliti Inc. Sold out 0.00% −0.70
DOOR Masonite International Corp. Sold out 0.00% −0.69
PSX Phillips 66 Sold out 0.00% −0.60
STER Sterling Check Corp. Reduce -51.9% 0.26% −0.57
KMB Kimberly-Clark Corp. Sold out 0.00% −0.55
SWN Southwestern Energy Co. Reduce -28.7% 0.41% −0.50
EVBG Everbridge Inc. Reduce -42.9% 0.35% −0.50
DHI D.R. Horton Inc. Sold out 0.00% −0.49
CSCO Cisco Systems Inc. Sold out 0.00% −0.48
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.46
EXPD Expeditors Intl Wash Inc. Sold out 0.00% −0.45
RCM R1 RCM Inc. Reduce -41.2% 0.31% −0.45
GL Globe Life Inc. Sold out 0.00% −0.44
DSKE Daseke Inc. Sold out 0.00% −0.44
M D C HLDGS INC Sold out 0.00% −0.44
SNA Snap-on Inc. Reduce -60.7% 0.14% −0.43
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.39
EA Electronic Arts Inc. Sold out 0.00% −0.39
LIN Linde PLC Sold out 0.00% −0.39
SCTL Societal Cdmo Inc. Sold out 0.00% −0.37
HAYN Haynes International Inc. Reduce -36.9% 0.29% −0.37
AAPL Apple Inc. Sold out 0.00% −0.34
BATL Battalion Oil Corp. Sold out 0.00% −0.33
DVA Davita Inc. Reduce -65.2% 0.11% −0.33
PCAR Paccar Inc. Reduce -22.5% 0.28% −0.33
COR Cencora Inc. Reduce -27.0% 0.30% −0.32
GWW WW Grainger Inc. Reduce -42.9% 0.18% −0.31
PKG Packaging Corp. of America Reduce -24.0% 0.34% −0.31
PG The Procter & Gamble Co. Reduce -40.0% 0.20% −0.25
LEN Lennar Corp. Class A Reduce -8.2% 0.33% −0.25
MA Mastercard Inc. Class A Reduce -28.6% 0.22% −0.25
AMP Ameriprise Financial Inc. Reduce -50.0% 0.13% −0.24
CAH Cardinal Health Inc. Reduce -10.6% 0.29% −0.22
GOOGL Alphabet Inc. Class A Reduce -38.6% 0.24% −0.22
IT Gartner Inc. Reduce -36.4% 0.16% −0.21
PHM Pultegroup Inc. Reduce -10.2% 0.29% −0.20
MCK McKesson Corp. Reduce -21.4% 0.32% −0.20
MTG Mgic Investment Corp. Sold out 0.00% −0.20
VRSK Verisk Analytics Inc. Sold out 0.00% −0.20
TAP Molson Coors Beverage Co. Class B Sold out 0.00% −0.20
NUE Nucor Corp. Reduce -6.9% 0.21% −0.19

Portfolio Buys Q1 2024 → Q2 2024
SMH Vaneck Semiconductor ETF Add +2020.8% 26.23% +24.74
XME SS SPDR S&P Metals Mining New 21.86% +21.86
QQQ Invesco QQQ Trust Series 1 Add +977.5% 12.50% +11.00
XLE SS Energy Select Sector Add +141.1% 7.66% +3.05
SVIX -1X Short Vix Futures ETF New 1.63% +1.63
EWJ iShares MSCI Japan ETF New 0.44% +0.44
PRFT Perficient Inc. New 0.37% +0.37
SLB SLB Ltd. New 0.34% +0.34
HCP Hashicorp Inc. Class A New 0.33% +0.33
VGK Vanguard Ftse Europe ETF Add +128.7% 0.87% +0.33
FANG Diamondback Energy Inc. New 0.32% +0.32
NVEI Nuvei Corp.-Subordinate VTG New 0.30% +0.30
HIBB Hibbett Inc. New 0.30% +0.30
NRG NRG Energy Inc. New 0.27% +0.27
WMT Walmart Inc. New 0.23% +0.23
EOG EOG Resources Inc. New 0.23% +0.23
DXC DXC Technology Co. New 0.23% +0.23
LDOS Leidos Holdings Inc. New 0.22% +0.22
STLD Steel Dynamics Inc. New 0.20% +0.20
COP Conocophillips New 0.20% +0.20
AOS Smith (a.o.) Corp. New 0.20% +0.20
DECK Deckers Outdoor Corp. New 0.19% +0.19
RL Ralph Lauren Corp. New 0.18% +0.18
ABBV Abbvie Inc. New 0.18% +0.18
PGR Progressive Corp. New 0.15% +0.15
AVY Avery Dennison Corp. New 0.15% +0.15
HAL Halliburton Co. New 0.15% +0.15
DOMA Doma Holdings Inc. New 0.12% +0.12
WRB WR Berkley Corp. New 0.10% +0.10
HD Home Depot Inc. New 0.10% +0.10
CL Colgate-Palmolive Co. Add +89.7% 0.26% +0.08
CTAS Cintas Corp. Add +60.0% 0.28% +0.04
IBM Intl Business Machines Corp. Add +75.0% 0.30% +0.04
MSFT Microsoft Corp. Add +60.0% 0.18% +0.03
TRV The Travelers Cos Inc. Add +83.3% 0.22% +0.03
KR Kroger Co. Add +72.3% 0.28% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +34.3% 1.26% −0.00
EWG iShares MSCI Germany ETF Add +23.0% 0.14% −0.02
EWL iShares MSCI Switzerland ETF Add +16.0% 0.14% −0.03
SHW The Sherwin-Williams Co. Add +30.8% 0.25% −0.06
VLO Valero Energy Corp. Add +6.7% 0.25% −0.11
BLDR Builders Firstsource Inc. Add +26.3% 0.16% −0.11
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +6.9% 10.41% −3.32

Options Activity Q1 2024 → Q2 2024
STATE STR SPDR S&P 500 ETF T call Sold out 100,000 $52.3Mbefore exit
INVESCO QQQ TR call Sold out 100,000 $44.4Mbefore exit
SIGMA LITHIUM CORPORATION call Sold out 100,000 $1.3Mbefore exit

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

Notes & Other Activity Q1 2024 → Q2 2024
VGASW Cenaq Energy Corp. Class A -CW27 *W EXP 02/15/202 Sold out 741,049 $176Kbefore exit
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 Sold out 251,591 $164Kbefore exit
OCEAW Aesther Healthcare Acq -CW23 *W EXP 02/14/202 Sold out 316,510 $92Kbefore exit
PBMWW Psyence Biomedical Ltd. *W EXP 01/22/202 Sold out 1,232,748 $86Kbefore exit
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 Sold out 561,221 $79Kbefore exit
SDAWW Suncar Technology Group -28 *W EXP 05/17/202 Sold out 279,445 $76Kbefore exit
PETWQ Wag! Group Co. *W EXP 07/30/202 Sold out 439,250 $66Kbefore exit
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 Sold out 128,480 $57Kbefore exit
SEPAW Sep Acquisition Corp. -CW23 *W EXP 99/99/999 Sold out 262,047 $45Kbefore exit
FHLTW Future Health ESG -CW23 *W EXP 99/99/999 Sold out 721,146 $40Kbefore exit
AONCW American Oncology Netwo-C28 *W EXP 09/20/202 Sold out 91,554 $31Kbefore exit
AACIW Armada Acquisition I -CW23 *W EXP 99/99/999 Sold out 305,701 $26Kbefore exit
RACYW Relativity Acquisition-CW27 *W EXP 12/15/202 Sold out 545,500 $26Kbefore exit
LIBYW Liberty Resources Acq -CW22 *W EXP 10/31/202 Sold out 775,124 $25Kbefore exit
CDIOW Cardio Diagnostics-CW26 *W EXP 10/25/202 Sold out 228,952 $24Kbefore exit
OTECW Oceantech Acquisitions- CW A *W EXP 99/99/999 Sold out 384,363 $20Kbefore exit
MCAAW Mountain & Co. I Acq -CW23 *W EXP 09/30/202 Sold out 241,739 $19Kbefore exit
AVHIW Achari Ventures Holdin -CW23 *W EXP 99/99/999 Sold out 665,464 $19Kbefore exit
HHGCW HHG Capital Corp. -CW27 *W EXP 02/25/202 Sold out 732,709 $18Kbefore exit
CDTTW Murphy Canyon Acq-CW27 *W EXP 09/22/202 Sold out 300,622 $18Kbefore exit
MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 Sold out 79,310 $17Kbefore exit
IMAQW International Media Ac -CW28 *W EXP 99/99/999 Sold out 689,739 $17Kbefore exit
APLMW Apollomics Inc.-27 *W EXP 04/01/202 Sold out 498,450 $15Kbefore exit
BNIXW Bannix Acquisition Corp.-CW23 *W EXP 07/31/202 Sold out 422,390 $14Kbefore exit
ICUCW LMF Acquisition Opp -A -CW26 *W EXP 10/28/202 Sold out 93,651 $14Kbefore exit
FNVWF Finnovate Acquisition -CW23 *W EXP 09/30/202 Sold out 735,654 $13Kbefore exit
PROJECT ENERGY REIMAGINED AC *W EXP 99/99/999 Sold out 79,543 $12Kbefore exit
SWSSW Springwater Special Sit-CW26 *W EXP 12/01/202 Sold out 460,096 $11Kbefore exit
OPTXW Omnilit Acquisition Class A -23 *W EXP 99/99/999 Sold out 73,577 $10Kbefore exit
KITTW Cleantech Acquisition Corpcw *W EXP 03/15/202 Sold out 333,686 $10Kbefore exit
WINVW Winvest Acquisition -CW23 *W EXP 08/09/202 Sold out 605,556 $9Kbefore exit
BITE.WS Bite Acquisition Corp. -CW27 *W EXP 02/12/203 Sold out 131,386 $9Kbefore exit
PHYWF PHYT WS -CW *W EXP 05/03/202 Sold out 332,810 $8Kbefore exit
FRLAW Fortune Rise Acquisit -CW23 *W EXP 12/06/202 Sold out 183,766 $8Kbefore exit
AENTW Adara Acquisition Class A -CW26 *W EXP 02/11/202 Sold out 211,650 $7Kbefore exit
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 Sold out 212,859 $7Kbefore exit
CLDWW Calidi Biotherapeutics -CW23 *W EXP 03/14/202 Sold out 107,964 $6Kbefore exit
DFLIW Chardan Nextech Acquisi-CW27 *W EXP 10/07/202 Sold out 263,727 $5Kbefore exit
XFINW Excelfin Acquisition -CW23 *W EXP 10/25/202 Sold out 92,639 $5Kbefore exit
AWINW Pono Capital Corp. -CW22 *W EXP 02/03/202 Sold out 390,606 $5Kbefore exit
KACWF Kairous Acquisition -23 *W EXP 09/15/202 Sold out 205,560 $4Kbefore exit
SHAZW TKB Critical Technolog -CW23 *W EXP 99/99/999 Sold out 281,145 $4Kbefore exit
GATEW Marblegate Acquisition -CW22 *W EXP 08/31/202 Sold out 211,061 $4Kbefore exit
NBSTW Newbury Street Acq -CW27 *W EXP 04/30/202 Sold out 78,336 $3Kbefore exit
FEXDW Fintech Ecosystem Dev -CW28 *W EXP 04/01/202 Sold out 184,420 $3Kbefore exit
IGTAW Inception Growth Acq -23 *W EXP 10/15/202 Sold out 66,530 $3Kbefore exit
SHFSW Northern Lights Acquis -CW22 *W EXP 09/28/202 Sold out 34,700 $3Kbefore exit
RMCOW American Acq Class A -CW26 *W EXP 10/31/202 Sold out 112,195 $2Kbefore exit
PPHPW PHP Ventures Acquisiti -CW22 *W EXP 08/16/202 Sold out 80,920 $2Kbefore exit
CMCWF Capitalworks Emerging-CW23 *W EXP 99/99/999 Sold out 43,558 $2Kbefore exit

Showing the first 50 of 60.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 25$43.6MXLF, XLB, XLY, XLI, HYG
Q3 2025 95$76.0MSMH, QQQ, HYG, CPER, AAPL
Q2 2025 34$87.1MQQQ, HYG, SMH, CRWV, NVDA
Q1 2025 33$89.7MTLT, XLE, SMH, QQQ, XLB
Q4 2024 49$96.9MSMH, QQQ, IYT, SPHB, XOP
Q3 2024 41$142.6MIEF, HYG, QQQ, SMH, PROSHARES VIX SHORT-TERM FUT
Q2 2024 83$202.3MSMH, XME, QQQ, HYG, XLE
Q1 2024 111$144.6MIEF, HYG, PROSHARES VIX SHORT-TERM FUT, XLE, XLB