SEC 13F Intelligence

Managers / Q1 2026

DELPHI FINANCIAL GROUP, INC.

CIK 0000859139 · 1100 NORTH MARKET STREET, SUITE 4016, WILMINGTON, DE, 19890 · 302-478-5142

Reported Value
$222M
Q1 2026
Positions
32
Filings on Record
30
2019–present window
Filed
May 13, 2026
original filing

Summary

Delphi Financial Group, Inc. reported $222M in U.S.-listed holdings across 32 positions for Q1 2026.

Its largest position, Janus Henderson Aaa Clo Etf, represents 14.7% of the portfolio.

Compared with Q4 2025, the fund opened 8 new positions and exited 4.

Portfolio Metrics

Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+76.0%
share of reported value
Largest Position
+14.7%
Janus Henderson Aaa Clo Etf
New / Exited
8 / 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. 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: $202MQ4 ’18Q1 ’19: $264MQ2 ’19: $269MQ3 ’19: $294MQ4 ’19: $340MQ4 ’19Q1 ’20: $206MQ2 ’20: $176MQ3 ’20: $171MQ4 ’20: $284MQ4 ’20Q1 ’21: $331MQ2 ’21: $364MQ3 ’21: $340MQ4 ’21: $327MQ4 ’21Q1 ’22: $286MQ2 ’22: $213MQ3 ’22: $167MQ4 ’22: $199MQ4 ’22Q1 ’23: $203MQ2 ’23: $197MQ3 ’23: $207MQ4 ’23: $171MQ4 ’23Q1 ’24: $155MQ2 ’24: $178MQ3 ’24: $177MQ4 ’24: $189MQ4 ’24Q1 ’25: $166MQ2 ’25: $142MQ3 ’25: $178MQ4 ’25: $200MQ4 ’25Q1 ’26: $222Mfilingsflow.com

Portfolio Composition

By security type
ETP: 37.6%Common Stock: 34.4%MLP: 12.4%ADR: 7.3%REIT: 5.5%Other: 2.8%
  • ETP · 37.6% · $83M
  • Common Stock · 34.4% · $76M
  • MLP · 12.4% · $27M
  • ADR · 7.3% · $16M
  • REIT · 5.5% · $12M
  • Other · 2.8% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RITMRITHM CAPITAL CORPNEW+1.08M1.08M+$10M$10M
GOOGLALPHABET INCNEW+15.0K15.0K+$4M$4M
HUTHUT 8 CORPNEW+42.9K42.9K+$2M$2M
WULFTERAWULF INCNEW+130.7K130.7K+$2M$2M
CIFRCIPHER DIGITAL INCNEW+140.8K140.8K+$2M$2M
ISHARES TRNEW+11.9K11.9K+$1M$1M
LADDER CAP CORPNEW+45.0K45.0K+$439,650$439,650
GSBDGOLDMAN SACHS BDC INCNEW+47.2K47.2K+$418,932$418,932

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

Holdings — Q1 2026

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JANUS HENDERSON AAA CLO ETFHENDRSON AAA CL14.70%$33M646.7K
2ETENERGY TRANSFER LPhistory →COM UT LTD PTN12.38%$27M1.42M
3XTRACKERS HARVEST CSI 300 CHIXTRACK HRVST CSI8.69%$19M590.3K
4ISHARES CHINA LARGE-CAP ETFCHINA LG-CAP ETF7.72%$17M476.4K
5EFCUSDELLINGTON FINANCIAL INChistory →COM7.53%$17M1.41M
6TSMTSMChistory →SPONSORED ADS7.29%$16M47.8K
7VANGUARD TOTAL STOCK MARKET ETOTAL STK MKT5.99%$13M41.4K
8RITMRITHM CAPITAL CORPhistory →COM NEW4.62%$10M1.08M
9WMTWALMART INChistory →COM3.88%$9M69.3K
10LNGCHENIERE ENERGY INChistory →COM NEW3.23%$7M25.2K
11AMZNAMAZON.COM INChistory →COM2.26%$5M24.0K
12KRMNKARMAN HOLDINGS INChistory →COMMON STOCK1.97%$4M54.6K
13GOOGLALPHABET INChistory →CAP STK CL A1.95%$4M15.0K
14EXEEXPAND ENERGY CORPhistory →COM1.82%$4M36.7K
15MSFTMICROSOFT CORPhistory →COM1.80%$4M10.8K
16UPSUNITED PARCEL SERVICE INChistory →CL B1.62%$4M36.5K
17KTOSKRATOS DEFENSE & SECURITY SOLhistory →COM NEW1.40%$3M44.0K
18CZRCAESARS ENTERTAINMENT INChistory →COM1.39%$3M116.9K
19EARNELLINGTON CREDIT COhistory →COM SHS BEN INT1.22%$3M608.7K
20JPXAEROVIRONMENT INCCOM1.00%$2M12.1K
21TSLXSIXTH STREET SPECIALTY LENDICOM0.96%$2M116.1K
22HUTHUT 8 CORPCOM0.91%$2M42.9K
23BLACKSTONE MORTGAGE TRNOTE 5.500% 3/10.89%$2M2.00M
24WULFTERAWULF INCCOM0.85%$2M130.7K
25CIFRCIPHER DIGITAL INCCOM0.82%$2M140.8K
26ARES COML REAL ESTATE CORPCOM0.73%$2M334.9K
27OXLCOXFORD LANE CAP CORPCOM0.64%$1M145.0K
28ARCCARES CAPITAL CORPCOM0.63%$1M77.0K
29ISHARES TR7-10 YR TRSY BD0.51%$1M11.9K
30CCCCCC INTELLIGENT SOLUTIONS HLCOM0.21%$459,17476.5K
31LADDER CAP CORPCL A0.20%$439,65045.0K
32GSBDGOLDMAN SACHS BDC INCSHS0.19%$418,93247.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$222M32May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$200M28Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$178M23Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$142M22Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$166M22May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$189M24Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$177M21Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$178M23Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$155M23May 3, 202413F-HRchanges · EDGAR ↗
Q4 2023$171M20Jan 30, 202413F-HRchanges · EDGAR ↗
Q3 2023$207M20Nov 3, 202313F-HRchanges · EDGAR ↗
Q2 2023$197M28Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$203M34May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$199M29Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$167M29Nov 4, 202213F-HRchanges · EDGAR ↗
Q2 2022$213M30Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$286M28May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$327M27Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$340M30Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$364M32Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$331M32May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$284M32Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$171M25Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$176M25Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$206M24May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$340M23Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$294M21Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$269M22Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$264M22May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$202M21Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • Delphi Capital Management, Inc.028-15442
  • Acorn Advisory Capital L.P.028-18312

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 ↗.