# EHP Funds Inc.

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 1927881. Source: https://holderbook.com/funds/1927881-ehp-funds-inc/

- Reported value: $43.6M
- Positions: 25
- Weight of the ten largest: 70.8%
- Filed: 2026-02-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $4.8M | 86,900 | 10.9% | 4 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $4.0M | 88,400 | 9.2% | 1 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $4.0M | 33,200 | 9.1% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $3.9M | 25,300 | 9.0% | 1 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $3.6M | 45,000 | 8.3% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $2.4M | 6,800 | 5.6% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.3M | 12,272 | 5.2% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.2M | 9,585 | 5.1% | 3 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.9M | 7,164 | 4.3% | 2 |
| INVESCO EXCH TRADED FD TR II | [SPHB](https://holderbook.com/stocks/SPHB/) | $1.8M | 15,500 | 4.2% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.7M | 5,300 | 3.8% | 4 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $1.6M | 15,400 | 3.7% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.4M | 2,300 | 3.2% | 14 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.1M | 5,589 | 2.5% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.1M | 11,578 | 2.5% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.1M | 2,173 | 2.4% | 2 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $821.5K | 8,450 | 1.9% | 2 |
| LYFT INC | [LYFT](https://holderbook.com/stocks/LYFT/) | $798.9K | 41,243 | 1.8% | 1 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $617.0K | 13,800 | 1.4% | 5 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $569.5K | 3,350 | 1.3% | 1 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $557.4K | 1,703 | 1.3% | 1 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $425.0K | 1,500 | 1.0% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $387.1K | 2,000 | 0.9% | 2 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $353.3K | 1,000 | 0.8% | 4 |
| HYPERLIQUID STRATEGIES INC | [PURR](https://holderbook.com/stocks/PURR/) | $302.3K | 84,924 | 0.7% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2025 | +2.0% | +2.4% | -0.4% | 99% |
| Q3 2025 | +9.3% | +7.8% | +1.5% | 100% |
| Q2 2025 | +5.6% | +10.5% | -4.9% | 100% |
| Q1 2025 | -5.5% | -4.6% | -0.9% | 100% |
| Q4 2024 | -4.2% | +2.1% | -6.3% | 96% |
| Q3 2024 | +1.0% | +5.4% | -4.4% | 99% |
| Q2 2024 | -3.2% | +4.0% | -7.2% | 97% |
| Q1 2024 | +8.4% | +10.0% | -1.6% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $43.6M | 25 |
| Q3 2025 | $113.3M | 99 |
| Q2 2025 | $287.7M | 40 |
| Q1 2025 | $127.1M | 35 |
| Q4 2024 | $107.9M | 51 |
| Q3 2024 | $159.0M | 43 |
| Q2 2024 | $202.3M | 83 |
| Q1 2024 | $243.9M | 172 |
| Q4 2023 | $275.1M | 196 |
| Q3 2023 | $214.1M | 259 |
| Q2 2023 | $407.3M | 288 |
| Q1 2023 | $510.7M | 306 |