SEC 13F Intelligence

Managers / Q1 2025 · view latest →

DELPHI MANAGEMENT INC /MA/

CIK 0000767684 · 9 SEARS RD, BROOKLINE, MA, 02445 · 6177389424

Reported Value
$98M
Q1 2025
Positions
78
Filings on Record
21
2019–present window
Filed
Apr 8, 2025
original filing

Summary

Delphi Management Inc /Ma/ reported $98M in U.S.-listed holdings across 78 positions for Q1 2025.

Its largest position, BRK/B, represents 3.3% of the portfolio.

Compared with Q4 2024, the fund opened 8 new positions and exited 9.

Portfolio Metrics

Turnover
+12.2%
vs prior filed quarter
Top-10 Concentration
+17.8%
share of reported value
Largest Position
+3.3%
Berkshire Hathaway
New / Exited
8 / 9
positions this quarter

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

13F Reported Value
Q4 ’18: $110MQ4 ’18Q1 ’19: $108MQ2 ’19: $111MQ3 ’19: $103MQ3 ’19Q1 ’21: $94MQ2 ’21: $105MQ3 ’21: $97MQ3 ’21Q4 ’21: $106MQ2 ’23: $96MQ4 ’23: $98MQ4 ’23Q1 ’24: $129MQ2 ’24: $123MQ4 ’24: $103MQ4 ’24Q1 ’25: $98MQ2 ’25: $103MQ3 ’25: $108MQ3 ’25Q4 ’25: $103MQ1 ’26: $84Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.6%REIT: 4.3%ADR: 2.9%Other: 1.3%
  • Common Stock · 91.6% · $90M
  • REIT · 4.3% · $4M
  • ADR · 2.9% · $3M
  • Other · 1.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NFGNATIONAL FUEL GAS CONEW+19.5K19.5K+$2M$2M
THGHANOVER GROUP INSURANCENEW+8.3K8.3K+$1M$1M
LHLABCORP HOLDINGS INCNEW+6.1K6.1K+$1M$1M
LDOSLEIDOS HOLDINGS INCNEW+10.1K10.1K+$1M$1M
LRCXLAM RESEARCH CORPNEW+16.7K16.7K+$1M$1M
CACCAMDEN NATIONAL CORPNEW+12.3K12.3K+$498,000$498,000
ANFABERCROMBIE AND FITCH CONEW+6.5K6.5K+$493,000$493,000
KBRKBR INCNEW+5.8K5.8K+$291,000$291,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

78 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →CL B3.31%$3M6.1K
2AAPLAPPLEhistory →COM2.09%$2M9.2K
3WRBBERKLEY W R CORPhistory →COM1.62%$2M22.4K
4NFGNATIONAL FUEL GAS COhistory →COM1.57%$2M19.5K
5SSNCSS AND C TECHNOLOGIES HOLDINGS INChistory →COM1.56%$2M18.3K
6INGRINGREDION INChistory →COM1.53%$2M11.1K
7CBCHUBB LIMITEDhistory →COM1.53%$2M5.0K
8DOXAMDOCS LTD.history →SHS1.53%$1M16.4K
9GHCGRAHAM HOLDINGS LTDhistory →CL B1.53%$1M1.6K
10FISVFISERV INC.history →COM1.52%$1M6.8K
11BATRKATLANTA BRAVES HOLDINGS INChistory →SER C1.52%$1M37.2K
12NVSNOVARTIShistory →ADR1.51%$1M13.3K
13STAGSTAG INDUSTRIALhistory →COM1.51%$1M40.9K
14ARCCARES CAPITAL CORPORATIONhistory →COM1.48%$1M65.8K
15BXSLBLACKSTONE SECD LENDING FDhistory →COM1.48%$1M44.8K
16THGHANOVER GROUP INSURANCEhistory →COM1.47%$1M8.3K
17EGEVEREST GROUP LTDhistory →COM1.46%$1M3.9K
18LHLABCORP HOLDINGS INChistory →SHS1.45%$1M6.1K
19JPMJP MORGAN CHASE AND COhistory →COM1.43%$1M5.7K
20AVBAVALONBAY COMMUNITIES, INC.history →COM1.43%$1M6.5K
21HTGCHERCULES CAPITAL INChistory →COM1.42%$1M72.6K
22AXPAMERICAN EXPRESShistory →COM1.42%$1M5.2K
23CBTCABOT CORPhistory →COM1.41%$1M16.6K
24ITRNITURAN LOCATION AND CONTROL LTD.history →SHS1.40%$1M38.1K
25CAKECHEESECAKE FACTORY INChistory →COM1.40%$1M28.3K
26SNASNAP-ON INChistory →COM1.39%$1M4.1K
27LDOSLEIDOS HOLDINGS INChistory →COM1.39%$1M10.1K
28MSMORGAN STANLEYhistory →COM1.38%$1M11.6K
29EXPEEXPEDIA GROUP INChistory →COM1.38%$1M8.0K
30RNRRENAISSANCE RE HLDGS COMhistory →COM1.38%$1M5.6K
31KLACKLA CORP COMhistory →COM1.37%$1M2.0K
32SLBSCHLUMBERGERhistory →COM1.37%$1M32.2K
33AZZAZZ INChistory →COM1.37%$1M16.1K
34EOGEOG RESOURCEShistory →COM1.37%$1M10.5K
35AZOAUTOZONE INChistory →COM1.36%$1M349
36FANGDIAMONDBACK ENERGYhistory →COM1.35%$1M8.3K
37DISDISNEY WALT CO COMhistory →COM1.34%$1M13.3K
38TPRTAPESTRY INChistory →COM1.34%$1M18.7K
39EXPEAGLE MATERIALS INChistory →COM1.34%$1M5.9K
40SANMSANMINA CORPhistory →COM1.34%$1M17.2K
41IRMIRON MOUNTAIN INChistory →COM1.33%$1M15.2K
42GSGOLDMAN SACHShistory →COM1.33%$1M2.4K
43UNTYUNITY BANCORP INChistory →COM1.33%$1M32.0K
44JANUS HENDERSONSHS1.32%$1M35.9K
45SKAASKECHERShistory →COM1.32%$1M22.8K
46JBLJABIL CIRCUIT INC.history →COM1.32%$1M9.5K
47OMCOMNICOM GROUP INChistory →COM1.32%$1M15.6K
48SFSTIFEL FINANCIALhistory →COM1.32%$1M13.7K
49NXSTNEXSTAR MEDIAhistory →COM1.30%$1M7.1K
50FLEX LTDORD1.30%$1M38.6K
51TXTTEXTRON INC.history →COM1.28%$1M17.4K
52RLRALPH LAUREN CORPhistory →COM1.28%$1M5.7K
53ABBVABBVIE INChistory →COM1.28%$1M6.0K
54LRCXLAM RESEARCH CORPhistory →COM1.24%$1M16.7K
55AMATAPPLIED MATLS INC COMhistory →COM1.23%$1M8.3K
56MTDRMATADOR RESOURCE COhistory →COM1.21%$1M23.3K
57ASIXADVANSIX INChistory →COM1.20%$1M51.9K
58OSKOSHKOSH CORPhistory →COM1.19%$1M12.4K
59PRGSPROGRESS SOFTWARE CORPhistory →COM1.18%$1M22.6K
60DHID R HORTON INC COMhistory →COM1.17%$1M9.0K
61DELLDELL TECHNOLOGIES INChistory →CL C1.16%$1M12.5K
62PLABPHOTRONICS INChistory →COM1.16%$1M55.0K
63EMNEASTMAN CHEMICAL COhistory →COM1.14%$1M12.7K
64GPNGLOBAL PAYMENTS INChistory →COM1.14%$1M11.4K
65SNXTD SYNNEX CORPhistory →COM1.13%$1M10.6K
66ORCLORACLEhistory →COM1.12%$1M7.9K
67ARWARROW ELECTRS INC COMhistory →COM1.11%$1M10.5K
68LENLENNAR CORP CL Ahistory →CL A1.10%$1M9.4K
69TOLTOLL BROTHERS INC COMhistory →COM1.03%$1M9.5K
70PUBGYPUBLICIS GROUPEADR0.70%$686,00029.1K
71SDZNYSANDOZ GROUP AG SPONSORED ADSADR0.67%$661,00015.8K
72CVLGCOVENANT LOGISTICS GROUP INCCL A0.52%$508,00022.9K
73CACCAMDEN NATIONAL CORPCOM0.51%$498,00012.3K
74ANFABERCROMBIE AND FITCH COCL A0.50%$493,0006.5K
75GBDCGOLUB CAPITAL BDCCOM0.47%$461,00030.5K
76INCYINCYTE CORPCOM0.46%$449,0007.4K
77BHRBBURKE HERBERT FINANCIAL SVCS CORPCOM0.32%$310,0005.5K
78KBRKBR INCCOM0.30%$291,0005.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$84M79Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$103M76Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$108M81Oct 15, 202513F-HRchanges · EDGAR ↗
Q2 2025$103M80Jul 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$98M78Apr 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$103M79Feb 10, 202513F-HRchanges · EDGAR ↗
Q2 2024$123M80Aug 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$129M84May 21, 202413F-HRchanges · EDGAR ↗
Q4 2023$98M81Jan 25, 202413F-HRchanges · EDGAR ↗
Q2 2023$96M82Aug 28, 202313F-HRchanges · EDGAR ↗
Q4 2021$106M95Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$97M103Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$105M105Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$94M87May 14, 202113F-HRchanges · EDGAR ↗
Q3 2019$103M92Oct 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$111M93Aug 20, 201913F-HRchanges · EDGAR ↗
Q1 2019$108M92May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$110M86Feb 22, 201913F-HRchanges · 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 ↗.