SEC 13F Intelligence

Managers / Q4 2025 · view latest →

DELPHI MANAGEMENT INC /MA/

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

Reported Value
$103M
Q4 2025
Positions
76
Filings on Record
21
2019–present window
Filed
Jan 21, 2026
original filing

Summary

Delphi Management Inc /Ma/ reported $103M in U.S.-listed holdings across 76 positions for Q4 2025.

Its largest position, BRK/B, represents 2.5% of the portfolio.

Compared with Q3 2025, the fund opened 6 new positions and exited 11.

Portfolio Metrics

Turnover
+12.9%
vs prior filed quarter
Top-10 Concentration
+17.3%
share of reported value
Largest Position
+2.5%
Berkshire Hathaway
New / Exited
6 / 11
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: 87.9%ADR: 6.1%REIT: 4.1%Other: 1.9%
  • Common Stock · 87.9% · $90M
  • ADR · 6.1% · $6M
  • REIT · 4.1% · $4M
  • Other · 1.9% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTBM AND T BANK CORPNEW+7.6K7.6K+$2M$2M
CCKCROWN HLDGS INCNEW+14.5K14.5K+$1M$1M
AMTMAMENTUM HOLDINGS INCNEW+49.1K49.1K+$1M$1M
TRVTRAVELERS COMPANIESNEW+4.6K4.6K+$1M$1M
TRNOTERRENO REALTY CORPNEW+21.1K21.1K+$1M$1M
EXEEXPAND ENERGY CORPORATIONNEW+3.8K3.8K+$414,000$414,000
SMPSTANDARD MOTOR PRODUCTS INCADDED+28.9K34.7K+$1M$1M
STLDSTEEL DYNAMICS INCADDED+6.5K8.2K+$1M$1M

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

Holdings — Q4 2025

76 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →CL B2.46%$3M5.0K
2AAPLAPPLEhistory →COM2.15%$2M8.1K
3EXPEEXPEDIA GROUP INChistory →COM1.64%$2M6.0K
4TPRTAPESTRY INChistory →COM1.63%$2M13.1K
5GSGOLDMAN SACHShistory →COM1.60%$2M1.9K
6CBCHUBB LIMITEDhistory →COM1.58%$2M5.2K
7NVSNOVARTIShistory →ADR1.57%$2M11.7K
8SDZNYSANDOZ GROUP AG SPONSORED ADShistory →ADR1.56%$2M22.1K
9JANUS HENDERSONSHS1.56%$2M33.6K
10MSMORGAN STANLEYhistory →COM1.55%$2M9.0K
11ASXASE TECHNOLOGIES CORPhistory →ADR1.54%$2M98.5K
12JBLJABIL CIRCUIT INC.history →COM1.54%$2M6.9K
13USBUS BANCORP DEL COMhistory →COM1.53%$2M29.4K
14SSNCSS AND C TECHNOLOGIES HOLDINGS INChistory →COM1.52%$2M17.9K
15SFSTIFEL FINANCIALhistory →ADR1.52%$2M12.5K
16JPMJP MORGAN CHASE AND COhistory →COM1.52%$2M4.8K
17TXTTEXTRON INC.history →COM1.52%$2M17.9K
18CACCAMDEN NATIONAL CORPhistory →COM1.51%$2M35.8K
19FRFIRST INDUSTRIAL REALTY TRUSThistory →COM1.51%$2M27.0K
20AXPAMERICAN EXPRESShistory →COM1.51%$2M4.2K
21SANMSANMINA CORPhistory →COM1.50%$2M10.3K
22ABBVABBVIE INChistory →COM1.49%$2M6.7K
23MTBM AND T BANK CORPhistory →COM1.48%$2M7.6K
24ITRNITURAN LOCATION AND CONTROL LTD.history →SHS1.48%$2M35.4K
25DISDISNEY WALT CO COMhistory →COM1.46%$2M13.2K
26GHCGRAHAM HOLDINGS LTDhistory →CL B1.46%$1M1.4K
27CCKCROWN HLDGS INChistory →COM1.46%$1M14.5K
28CAKECHEESECAKE FACTORY INChistory →COM1.45%$1M29.6K
29HIGHARTFORD INSURANCE GROUPhistory →COM1.45%$1M10.8K
30SNXTD SYNNEX CORPhistory →COM1.45%$1M9.9K
31RLRALPH LAUREN CORPhistory →CL A1.44%$1M4.2K
32FLEX LTDORD1.44%$1M24.5K
33HTGCHERCULES CAPITAL INChistory →COM1.44%$1M78.5K
34AZZAZZ INChistory →COM1.44%$1M13.7K
35RNRRENAISSANCE RE HLDGS COMhistory →COM1.43%$1M5.2K
36UNTYUNITY BANCORP INChistory →COM1.43%$1M28.4K
37NXSTNEXSTAR MEDIAhistory →COM1.43%$1M7.2K
38PUBGYPUBLICIS GROUPEhistory →ADR1.42%$1M56.4K
39DELLDELL TECHNOLOGIES INChistory →CL C1.42%$1M11.6K
40STAGSTAG INDUSTRIALhistory →COM1.42%$1M39.6K
41INGRINGREDION INChistory →COM1.40%$1M13.1K
42LDOSLEIDOS HOLDINGS INChistory →COM1.39%$1M7.9K
43THGHANOVER GROUP INSURANCEhistory →COM1.39%$1M7.8K
44AMTMAMENTUM HOLDINGS INChistory →COM1.39%$1M49.1K
45LHLABORATORY CORP. OF AMERICAhistory →COM1.38%$1M5.7K
46FAFFIRST AMERICAN FINANCIAL CORPhistory →COM1.37%$1M22.9K
47BATRKATLANTA BRAVES HOLDINGS INChistory →SER C1.37%$1M35.7K
48STLDSTEEL DYNAMICS INChistory →COM1.35%$1M8.2K
49NFGNATIONAL FUEL GAS COhistory →COM1.34%$1M17.1K
50AMATAPPLIED MATLS INC COMhistory →COM1.34%$1M5.3K
51WRBBERKLEY W R CORPhistory →COM1.33%$1M19.4K
52BHBBAR HARBOR BANKSHARES INChistory →COM1.32%$1M43.6K
53TOLTOLL BROTHERS INC COMhistory →COM1.32%$1M10.0K
54TRVTRAVELERS COMPANIEShistory →COM1.30%$1M4.6K
55LRCXLAM RESEARCH CORPhistory →COM1.29%$1M7.8K
56ARWARROW ELECTRS INC COMhistory →COM1.28%$1M12.0K
57ARCCARES CAPITAL CORPORATIONhistory →COM1.25%$1M63.4K
58SMPSTANDARD MOTOR PRODUCTS INChistory →COM1.24%$1M34.7K
59SNASNAP-ON INChistory →COM1.24%$1M3.7K
60DHID R HORTON INC COMhistory →COM1.23%$1M8.8K
61EGEVEREST GROUP LTDhistory →COM1.23%$1M3.7K
62TRNOTERRENO REALTY CORPhistory →COM1.21%$1M21.1K
63EOGEOG RESOURCEShistory →COM1.19%$1M11.6K
64BXSLBLACKSTONE SECD LENDING FDhistory →COM1.18%$1M45.9K
65EXPEAGLE MATERIALS INChistory →COM1.18%$1M5.8K
66KLACKLA CORP COMhistory →COM1.15%$1M974
67AZOAUTOZONE INCCOM0.77%$787,000232
68ANFABERCROMBIE AND FITCH COCL A0.68%$702,0005.6K
69INCYINCYTE CORPCOM0.59%$610,0006.2K
70OMCOMNICOM GROUP INCCOM0.48%$489,0006.1K
71TITAN AMERICA SACOM0.44%$455,00027.6K
72KBRKBR INCCOM0.43%$441,00011.0K
73GBDCGOLUB CAPITAL BDCCOM0.41%$416,00030.7K
74EXEEXPAND ENERGY CORPORATIONCOM0.40%$414,0003.8K
75PRGSPROGRESS SOFTWARE CORPCOM0.34%$354,0008.3K
76URBNURBAN OUTFITTERS INCCOM0.29%$301,0004.0K

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 ↗.