SEC 13F Intelligence

Managers / Q3 2025 · view latest →

DELPHI MANAGEMENT INC /MA/

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

Reported Value
$108M
Q3 2025
Positions
81
Filings on Record
21
2019–present window
Filed
Oct 15, 2025
original filing

Summary

Delphi Management Inc /Ma/ reported $108M in U.S.-listed holdings across 81 positions for Q3 2025.

Its largest position, BRK/B, represents 2.4% of the portfolio.

Compared with Q2 2025, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+16.7%
share of reported value
Largest Position
+2.4%
Berkshire Hathaway
New / Exited
5 / 4
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: 88.9%ADR: 6.6%REIT: 2.6%Other: 1.8%Ltd Part: 0.1%
  • Common Stock · 88.9% · $96M
  • ADR · 6.6% · $7M
  • REIT · 2.6% · $3M
  • Other · 1.8% · $2M
  • Ltd Part · 0.1% · $161,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BHBBAR HARBOR BANKSHARES INCNEW+43.4K43.4K+$1M$1M
NSITINSIGHT ENTERPRISESNEW+11.2K11.2K+$1M$1M
TITAN AMERICA SANEW+21.1K21.1K+$315,000$315,000
SMPSTANDARD MOTOR PRODUCTS INCNEW+5.7K5.7K+$233,000$233,000
MNRMACH NATURAL RESOURCES LPNEW+12.2K12.2K+$161,000$161,000
ASIXADVANSIX INCSOLD OUT−50.3K0−$1M$0
SLBSCHLUMBERGERSOLD OUT−27.9K0−$943,000$0
IASINTEGRAL AD SCIENCE HLDG CORPSOLD OUT−64.8K0−$539,000$0

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

Holdings — Q3 2025

81 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →CL B2.41%$3M5.2K
2AAPLAPPLEhistory →COM1.99%$2M8.4K
3KLACKLA CORP COMhistory →COM1.62%$2M1.6K
4SNXTD SYNNEX CORPhistory →COM1.59%$2M10.5K
5LRCXLAM RESEARCH CORPhistory →COM1.55%$2M12.5K
6AMATAPPLIED MATLS INC COMhistory →COM1.54%$2M8.1K
7GHCGRAHAM HOLDINGS LTDhistory →CL B1.51%$2M1.4K
8GSGOLDMAN SACHShistory →COM1.51%$2M2.0K
9NFGNATIONAL FUEL GAS COhistory →COM1.49%$2M17.4K
10ABBVABBVIE INChistory →COM1.49%$2M6.9K
11LDOSLEIDOS HOLDINGS INChistory →COM1.48%$2M8.4K
12TPRTAPESTRY INChistory →COM1.47%$2M14.0K
13MSMORGAN STANLEYhistory →COM1.47%$2M10.0K
14JPMJP MORGAN CHASE AND COhistory →COM1.47%$2M5.0K
15FLEX LTDORD1.46%$2M27.2K
16RLRALPH LAUREN CORPhistory →CL A1.45%$2M5.0K
17AZZAZZ INChistory →COM1.44%$2M14.2K
18NVSNOVARTIShistory →ADR1.44%$2M12.1K
19TXTTEXTRON INC.history →COM1.43%$2M18.3K
20AXPAMERICAN EXPRESShistory →COM1.43%$2M4.6K
21JANUS HENDERSONSHS1.43%$2M34.6K
22EXPEEXPEDIA GROUP INChistory →COM1.43%$2M7.2K
23JBLJABIL CIRCUIT INC.history →COM1.42%$2M7.1K
24SSNCSS AND C TECHNOLOGIES HOLDINGS INChistory →COM1.42%$2M17.3K
25WRBBERKLEY W R CORPhistory →COM1.42%$2M20.0K
26DELLDELL TECHNOLOGIES INChistory →CL C1.42%$2M10.8K
27LHLABORATORY CORP. OF AMERICAhistory →SHS1.41%$2M5.3K
28DHID R HORTON INC COMhistory →COM1.41%$2M9.0K
29SANMSANMINA CORPhistory →COM1.40%$2M13.1K
30ASXASE TECHNOLOGIES CORPhistory →ADR1.35%$1M131.6K
31SDZNYSANDOZ GROUP AG SPONSORED ADShistory →ADR1.35%$1M24.4K
32SFSTIFEL FINANCIALhistory →COM1.35%$1M12.8K
33USBUS BANCORP DEL COMhistory →COM1.34%$1M29.9K
34DOXAMDOCS LTD.history →SHS1.34%$1M17.6K
35FAFFIRST AMERICAN FINANCIAL CORPhistory →COM1.32%$1M22.2K
36DISDISNEY WALT CO COMhistory →COM1.32%$1M12.4K
37ORCLORACLEhistory →COM1.32%$1M5.1K
38UNTYUNITY BANCORP INChistory →COM1.31%$1M29.0K
39HTGCHERCULES CAPITAL INChistory →COM1.31%$1M74.7K
40KBRKBR INChistory →COM1.31%$1M29.8K
41TOLTOLL BROTHERS INC COMhistory →COM1.31%$1M10.2K
42THGHANOVER GROUP INSURANCEhistory →COM1.30%$1M7.7K
43FISVFISERV INC.history →COM1.30%$1M10.8K
44FRFIRST INDUSTRIAL REALTY TRUSThistory →COM1.29%$1M27.1K
45CACCAMDEN NATIONAL CORPhistory →COM1.29%$1M36.0K
46PUBGYPUBLICIS GROUPEhistory →ADR1.29%$1M57.7K
47HIGHARTFORD INSURANCE GROUPhistory →COM1.28%$1M10.4K
48STAGSTAG INDUSTRIALhistory →COM1.28%$1M39.0K
49REV GROUP INCCOM1.25%$1M23.7K
50RNRRENAISSANCE RE HLDGS COMhistory →COM1.24%$1M5.3K
51LENLENNAR CORP CL Ahistory →CL A1.24%$1M10.6K
52BHBBAR HARBOR BANKSHARES INChistory →COM1.23%$1M43.4K
53NXSTNEXSTAR MEDIAhistory →COM1.22%$1M6.7K
54NICENICE LTD SPONSORED ADRhistory →ADR1.22%$1M9.1K
55ARCCARES CAPITAL CORPORATIONhistory →COM1.21%$1M64.0K
56ITRNITURAN LOCATION AND CONTROL LTD.history →SHS1.20%$1M36.3K
57SNASNAP-ON INChistory →COM1.20%$1M3.7K
58CBCHUBB LIMITEDhistory →COM1.20%$1M4.6K
59NSITINSIGHT ENTERPRISEShistory →COM1.18%$1M11.2K
60BATRKATLANTA BRAVES HOLDINGS INChistory →SER C1.16%$1M30.2K
61INGRINGREDION INChistory →COM1.16%$1M10.2K
62CAKECHEESECAKE FACTORY INChistory →COM1.16%$1M22.8K
63EXPEAGLE MATERIALS INChistory →COM1.15%$1M5.3K
64EGEVEREST GROUP LTDhistory →COM1.13%$1M3.5K
65OMCOMNICOM GROUP INChistory →COM1.12%$1M14.8K
66ARWARROW ELECTRS INC COMhistory →COM1.11%$1M9.9K
67CBTCABOT CORPhistory →COM1.11%$1M15.7K
68BXSLBLACKSTONE SECD LENDING FDhistory →COM1.10%$1M45.5K
69AZOAUTOZONE INChistory →COM1.03%$1M259
70FANGDIAMONDBACK ENERGYhistory →COM1.02%$1M7.7K
71EOGEOG RESOURCEShistory →COM1.02%$1M9.8K
72MTDRMATADOR RESOURCE COCOM0.93%$1M22.3K
73PRGSPROGRESS SOFTWARE CORPCOM0.87%$936,00021.3K
74INCYINCYTE CORPCOM0.54%$584,0006.9K
75ANFABERCROMBIE AND FITCH COCL A0.51%$553,0006.5K
76GBDCGOLUB CAPITAL BDCCOM0.38%$413,00030.2K
77TITAN AMERICA SACOM0.29%$315,00021.1K
78URBNURBAN OUTFITTERS INCCOM0.28%$298,0004.2K
79SMPSTANDARD MOTOR PRODUCTS INCCOM0.22%$233,0005.7K
80STLDSTEEL DYNAMICS INCCOM0.21%$228,0001.6K
81MNRMACH NATURAL RESOURCES LPCOM0.15%$161,00012.2K

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 ↗.