SEC 13F Intelligence

Managers / Q2 2025 · view latest →

DELPHI MANAGEMENT INC /MA/

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

Reported Value
$103M
Q2 2025
Positions
80
Filings on Record
21
2019–present window
Filed
Jul 7, 2025
original filing

Summary

Delphi Management Inc /Ma/ reported $103M in U.S.-listed holdings across 80 positions for Q2 2025.

Its largest position, BRK/B, represents 2.6% of the portfolio.

Compared with Q1 2025, the fund opened 10 new positions and exited 8.

Portfolio Metrics

Turnover
+14.0%
vs prior filed quarter
Top-10 Concentration
+17.0%
share of reported value
Largest Position
+2.6%
Berkshire Hathaway
New / Exited
10 / 8
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: 89.3%ADR: 6.5%REIT: 2.5%Other: 1.6%
  • Common Stock · 89.3% · $92M
  • ADR · 6.5% · $7M
  • REIT · 2.5% · $3M
  • Other · 1.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
USBUS BANCORP DEL COMNEW+30.1K30.1K+$1M$1M
ASXASE TECHNOLOGIES CORPNEW+131.9K131.9K+$1M$1M
HIGHARTFORD INSURANCE GROUP INCNEW+10.3K10.3K+$1M$1M
REV GROUP INCNEW+26.9K26.9K+$1M$1M
NICENICE LTD SPONSORED ADRNEW+7.4K7.4K+$1M$1M
FRFIRST INDUSTRIAL REALTY TRUSTNEW+25.3K25.3K+$1M$1M
FAFFIRST AMERICAN FINANCIAL CORPNEW+18.1K18.1K+$1M$1M
IASINTEGRAL AD SCIENCE HLDG CORPNEW+64.8K64.8K+$539,000$539,000

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

Holdings — Q2 2025

80 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →CL B2.64%$3M5.6K
2JBLJABIL CIRCUIT INC.history →COM1.70%$2M8.1K
3AAPLAPPLEhistory →COM1.69%$2M8.5K
4FLEX LTDORD1.61%$2M33.3K
5BATRKATLANTA BRAVES HOLDINGS INChistory →SER C1.59%$2M35.1K
6CAKECHEESECAKE FACTORY INChistory →COM1.57%$2M26.0K
7LRCXLAM RESEARCH CORPhistory →COM1.57%$2M16.7K
8GSGOLDMAN SACHShistory →COM1.55%$2M2.3K
9MSMORGAN STANLEYhistory →COM1.54%$2M11.3K
10ORCLORACLEhistory →COM1.54%$2M7.3K
11KLACKLA CORP COMhistory →COM1.53%$2M1.8K
12JPMJP MORGAN CHASE AND COhistory →COM1.52%$2M5.4K
13SANMSANMINA CORPhistory →COM1.51%$2M15.9K
14DISDISNEY WALT CO COMhistory →COM1.50%$2M12.5K
15TPRTAPESTRY INChistory →COM1.49%$2M17.5K
16AMATAPPLIED MATLS INC COMhistory →COM1.46%$2M8.3K
17AXPAMERICAN EXPRESShistory →COM1.44%$1M4.7K
18NFGNATIONAL FUEL GAS COhistory →COM1.44%$1M17.5K
19NVSNOVARTIShistory →ADR1.42%$1M12.1K
20LDOSLEIDOS HOLDINGS INChistory →COM1.42%$1M9.3K
21SNXTD SYNNEX CORPhistory →COM1.42%$1M10.8K
22WRBBERKLEY W R CORPhistory →COM1.41%$1M19.9K
23LHLABCORP HOLDINGS INChistory →SHS1.39%$1M5.5K
24UNTYUNITY BANCORP INChistory →COM1.39%$1M30.5K
25DELLDELL TECHNOLOGIES INChistory →CL C1.39%$1M11.7K
26SSNCSS AND C TECHNOLOGIES HOLDINGS INChistory →COM1.39%$1M17.3K
27AZZAZZ INChistory →COM1.38%$1M15.1K
28FISVFISERV INC.history →COM1.38%$1M8.3K
29STAGSTAG INDUSTRIALhistory →COM1.37%$1M39.0K
30TXTTEXTRON INC.history →COM1.36%$1M17.5K
31HTGCHERCULES CAPITAL INChistory →COM1.35%$1M76.5K
32ITRNITURAN LOCATION AND CONTROL LTD.history →SHS1.35%$1M36.1K
33JANUS HENDERSONSHS1.34%$1M35.8K
34DOXAMDOCS LTD.history →SHS1.34%$1M15.2K
35INGRINGREDION INChistory →COM1.34%$1M10.2K
36RLRALPH LAUREN CORPhistory →CL A1.34%$1M5.0K
37ARCCARES CAPITAL CORPORATIONhistory →COM1.33%$1M62.7K
38SFSTIFEL FINANCIALhistory →COM1.33%$1M13.3K
39USBUS BANCORP DEL COMhistory →COM1.32%$1M30.1K
40ASXASE TECHNOLOGIES CORPhistory →ADR1.32%$1M131.9K
41PRGSPROGRESS SOFTWARE CORPhistory →COM1.31%$1M21.2K
42PUBGYPUBLICIS GROUPEhistory →ADR1.30%$1M49.5K
43BXSLBLACKSTONE SECD LENDING FDhistory →COM1.30%$1M43.7K
44SDZNYSANDOZ GROUP AG SPONSORED ADShistory →ADR1.29%$1M24.4K
45CBCHUBB LIMITEDhistory →COM1.28%$1M4.6K
46GHCGRAHAM HOLDINGS LTDhistory →CL B1.27%$1M1.4K
47THGHANOVER GROUP INSURANCEhistory →COM1.26%$1M7.7K
48HIGHARTFORD INSURANCE GROUP INChistory →COM1.26%$1M10.3K
49CACCAMDEN NATIONAL CORPhistory →COM1.25%$1M31.8K
50REV GROUP INCCOM1.24%$1M26.9K
51EXPEEXPEDIA GROUP INChistory →COM1.23%$1M7.6K
52ARWARROW ELECTRS INC COMhistory →COM1.23%$1M10.0K
53DHID R HORTON INC COMhistory →COM1.23%$1M9.9K
54RNRRENAISSANCE RE HLDGS COMhistory →COM1.21%$1M5.2K
55NICENICE LTD SPONSORED ADRhistory →ADR1.21%$1M7.4K
56FRFIRST INDUSTRIAL REALTY TRUSThistory →COM1.18%$1M25.3K
57ASIXADVANSIX INChistory →COM1.15%$1M50.3K
58LENLENNAR CORP CL Ahistory →CL A1.14%$1M10.7K
59CBTCABOT CORPhistory →COM1.14%$1M15.7K
60TOLTOLL BROTHERS INC COMhistory →COM1.14%$1M10.3K
61EGEVEREST GROUP LTDhistory →COM1.14%$1M3.5K
62EOGEOG RESOURCEShistory →COM1.14%$1M9.8K
63SNASNAP-ON INChistory →COM1.12%$1M3.7K
64KBRKBR INChistory →COM1.12%$1M24.1K
65NXSTNEXSTAR MEDIAhistory →COM1.11%$1M6.7K
66AZOAUTOZONE INChistory →COM1.10%$1M308
67FAFFIRST AMERICAN FINANCIAL CORPhistory →COM1.08%$1M18.1K
68EXPEAGLE MATERIALS INChistory →COM1.04%$1M5.3K
69MTDRMATADOR RESOURCE COhistory →COM1.03%$1M22.4K
70FANGDIAMONDBACK ENERGYhistory →COM1.02%$1M7.7K
71ABBVABBVIE INChistory →COM1.01%$1M5.6K
72SLBSCHLUMBERGERCOM0.91%$943,00027.9K
73OMCOMNICOM GROUP INCCOM0.91%$938,00013.0K
74IASINTEGRAL AD SCIENCE HLDG CORPCOM0.52%$539,00064.8K
75ANFABERCROMBIE AND FITCH COCL A0.52%$535,0006.5K
76INCYINCYTE CORPCOM0.46%$472,0006.9K
77GBDCGOLUB CAPITAL BDCCOM0.42%$438,00029.9K
78BHRBBURKE HERBERT FINANCIAL SVCS CORPCOM0.30%$310,0005.2K
79URBNURBAN OUTFITTERS INCCOM0.29%$304,0004.2K
80STLDSTEEL DYNAMICS INCCOM0.19%$201,0001.6K

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 ↗.