CIK: 0000767684
Total reported value
$83.6M
Reporting period: 2026-03-31 · Number of holdings: 79
DELPHI MANAGEMENT INC /MA/ disclosed 79 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $83.6M and a quarterly turnover rate of 32.8%.
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Delphi Management INC /ma/'s disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 72 equally-sized positions, close to its 79 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.32), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 18% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add URBN
+329.0% $787.0K
Trim EXPE
-21.2% -$605.0K
Trim AXP
-22.5% -$566.0K
Trim SSNC
-17.1% -$562.0K
Trim PUBGY
-20.8% -$536.0K
Trim GS
-29.9% -$532.0K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 2.45% | — | -0.52% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.26% | -0.20% | -21.39% | |
| 3 | NFG | National Fuel Gas Co | Stock-Energy | 1.78% | — | -7.44% | |
| 4 | EOG | Eog Resources INC | Stock-Energy | 1.76% | — | -12.43% | |
| 5 | DELL | Dell Technologies -c | Stock-Tech | 1.76% | — | -22.65% | |
| 6 | SNX | TD Synnex CORP | Stock-Tech | 1.60% | — | -19.79% | |
| 7 | BATRK | Atlanta Braves Holdings In-c | Stock-Other | 1.58% | — | -13.31% | |
| 8 | LH | Labcorp Holdings INC | Stock-Healthcare | 1.57% | — | -13.09% | |
| 9 | CAC | Camden National CORP | Stock-Other | 1.55% | — | -23.51% | |
| 10 | JBL | Jabil INC | Stock-Tech | 1.55% | — | -29.36% | |
| 11 | CB | Chubb Limited | Stock-Financials | 1.54% | -0.04% | -23.82% | |
| 12 | ASX | Ase Technology Holding -adr | Stock-Tech | 1.53% | -0.01% | -40.23% | |
| 13 | FLEX | Flex Ltd. | Stock-Tech | 1.52% | — | -20.56% | |
| 14 | ✓ | Ituran Location And Control Lt | Stock-Other | 1.51% | — | -27.20% | |
| 15 | SDZNY | Sandoz Group Ag-adr | Stock-Other | 1.51% | -0.05% | -26.87% | |
| 16 | ARW | Arrow Electronics INC | Stock-Tech | 1.49% | — | -27.47% | |
| 17 | AZZ | Azz INC | Stock-Industrials | 1.48% | — | -27.86% | |
| 18 | RNR | RenaissanceRe Holdings Ltd. | Stock-Financials | 1.48% | — | -20.36% | |
| 19 | FR | First Industrial Realty Tr | Stock-Real Estate | 1.48% | -0.03% | -21.02% | |
| 20 | GHC | Graham Holdings Co-class B | Stock-Industrials | 1.48% | — | -14.52% | |
| 21 | MTB | M & T Bank CORP | Stock-Financials | 1.47% | -0.01% | -21.42% | |
| 22 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 1.46% | -0.11% | -31.86% | |
| 23 | AMAT | Applied Materials INC | Stock-Tech | 1.46% | — | -33.31% | |
| 24 | THG | Hanover Insurance Group Inc/ | Stock-Financials | 1.46% | — | -9.99% | |
| 25 | TPR | Tapestry INC | Stock-Consumer Disc | 1.43% | -0.20% | -35.26% | |
| 26 | TRV | Travelers Cos Inc/the | Stock-Financials | 1.43% | — | -10.99% | |
| 27 | ASO | Academy Sports & Outdoors In | Stock-Consumer Disc | 1.42% | +1.42% | NEW | |
| 28 | TXT | Textron INC | Stock-Industrials | 1.40% | -0.12% | -25.19% | |
| 29 | USB | US Bancorp | Stock-Financials | 1.40% | -0.13% | -23.64% | |
| 30 | INGR | Ingredion INC | Stock-Consumer Staples | 1.39% | — | -20.76% | |
| 31 | TRNO | Terreno Realty CORP | Stock-Real Estate | 1.39% | — | -10.04% | |
| 32 | UNTY | Unity Bancorp INC | Stock-Other | 1.39% | -0.04% | -20.79% | |
| 33 | HIG | Hartford Insurance Group INC | Stock-Financials | 1.39% | -0.06% | -20.49% | |
| 34 | BHB | Bar Harbor Bankshares | Stock-Other | 1.38% | — | -18.18% | |
| 35 | CCK | Crown Holdings INC | Stock-Consumer Disc | 1.38% | -0.08% | -20.80% | |
| 36 | ABBV | Abbvie INC | Stock-Healthcare | 1.38% | -0.11% | -21.10% | |
| 37 | STLD | Steel Dynamics INC | Stock-Materials | 1.38% | — | -21.60% | |
| 38 | CAKE | Cheesecake Factory Inc/the | Stock-Consumer Disc | 1.37% | -0.08% | -29.08% | |
| 39 | KLAC | Kla CORP | Stock-Tech | 1.37% | — | -20.02% | |
| 40 | MS | Morgan Stanley | Stock-Financials | 1.37% | -0.18% | -22.75% | |
| 41 | RL | Ralph Lauren CORP | Stock-Consumer Disc | 1.35% | -0.09% | -21.38% | |
| 42 | STAG | Stag Industrial INC | Stock-Real Estate | 1.35% | -0.07% | -21.05% | |
| 43 | LRCX | Lam Research CORP | Stock-Tech | 1.33% | — | -32.94% | |
| 44 | GS | Goldman Sachs Group INC | Stock-Financials | 1.32% | -0.28% | -29.87% | |
| 45 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.32% | -0.20% | -22.41% | |
| 46 | FAF | First American Financial | Stock-Financials | 1.31% | -0.06% | -20.56% | |
| 47 | URBN | Urban Outfitters INC | Stock-Consumer Disc | 1.30% | +1.01% | +328.99% | |
| 48 | AXS | AXIS Capital Holdings Limited | Stock-Financials | 1.30% | +1.30% | NEW | |
| 49 | EXPE | Expedia Group INC | Stock-Consumer Disc | 1.30% | -0.34% | -21.25% | |
| 50 | TOL | Toll Brothers INC | Stock-Consumer Disc | 1.29% | — | -21.04% |
Performance for Q3 2026
+8.6%
Performance Last 4 Quarters
+32%
Based on 70% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 79 | $83.6M | 33 | |
| 2025-12-31 | 76 | $102.7M | 31 | |
| 2025-09-30 | 81 | $107.8M | 39 | |
| 2025-06-30 | 80 | $103.5M | 0 | |
| 2025-03-31 | 78 | $98.1M | 100 | |
| 2024-12-31 | 79 | $103.5M | 0 | |
| 2024-09-30 | 89 | $110.1M | 0 | |
| 2024-06-30 | 80 | $122.7M | 0 | |
| 2024-03-31 | 84 | $128.9M | 0 | |
| 2023-12-31 | 81 | $108.8M | 0 | |
| 2023-09-30 | 81 | $97.6M | 0 | |
| 2023-06-30 | 82 | $96.2M | 0 | |
| 2022-12-31 | 77 | $82.7M | 0 | |
| 2021-12-31 | 95 | $106.2M | 0 | |
| 2021-09-30 | 103 | $97.2M | 0 | |
| 2021-06-30 | 105 | $104.8M | 95 | |
| 2021-03-31 | 87 | $94.2M | 100 | |
| 2019-09-30 | 92 | $103.1M | 21 | |
| 2019-06-30 | 93 | $111.3M | 20 | |
| 2019-03-31 | 92 | $108.0M | 33 | |
| 2018-12-31 | 86 | $110.4M | 54 | |
| 2018-09-30 | 86 | $155.7M | 18 | |
| 2018-06-30 | 87 | $162.2M | 37 | |
| 2018-03-31 | 82 | $164.4M | 39 | |
| 2017-12-31 | 84 | $175.6M | 29 | |
| 2017-09-30 | 85 | $178.9M | 29 | |
| 2017-06-30 | 85 | $180.4M | 27 | |
| 2017-03-31 | 85 | $175.3M | 37 | |
| 2016-12-31 | 93 | $171.2M | 36 | |
| 2016-09-30 | 87 | $160.6M | 30 | |
| 2016-06-30 | 89 | $156.0M | 26 | |
| 2016-03-31 | 93 | $166.3M | 32 | |
| 2015-12-31 | 100 | $155.2M | 100 | |
| 2015-09-30 | 101 | $637.4M | 39 | |
| 2015-06-30 | 102 | $743.3M | 23 | |
| 2015-03-31 | 101 | $753.2M | 22 | |
| 2014-12-31 | 101 | $712.7M | 40 | |
| 2014-09-30 | 115 | $702.2M | 22 | |
| 2014-06-30 | 109 | $686.4M | 41 | |
| 2014-03-31 | 109 | $923.9M | 32 | |
| 2013-12-31 | 117 | $916.0M | 42 | |
| 2013-09-30 | 121 | $839.3M | 0 | |
| 2013-06-30 | 121 | $839.3M | 37 |
Delphi Management INC /ma/'s most significant position changes for 2026-03-31: Sold out: Janus Henderson Group plc (JHG); Sold out: Dr Horton INC (DHI); New buy: Academy Sports & Outdoors In (ASO); New buy: AXIS Capital Holdings Limited (AXS); New buy: Jones Lang Lasalle INC (JLL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | URBN | Urban Outfitters INC | +1% | +328.99% | Add |
| 2 | ASX | Ase Technology Holding -adr | 0% | -40.23% | Trim |
| 3 | MTB | M & T Bank CORP | 0% | -21.42% | Trim |
| 4 | FR | First Industrial Realty Tr | 0% | -21.02% | Trim |
| 5 | CB | Chubb Limited | 0% | -23.82% | Trim |
| 6 | UNTY | Unity Bancorp INC | 0% | -20.79% | Trim |
| 7 | SDZNY | Sandoz Group Ag-adr | -0.1% | -26.87% | Trim |
| 8 | HIG | Hartford Insurance Group INC | -0.1% | -20.49% | Trim |
| 9 | FAF | First American Financial | -0.1% | -20.56% | Trim |
| 10 | STAG | Stag Industrial INC | -0.1% | -21.05% | Trim |
| 11 | EG | Everest Group, Ltd. | -0.1% | -20.14% | Trim |
| 12 | CAKE | Cheesecake Factory Inc/the | -0.1% | -29.08% | Trim |
| 13 | CCK | Crown Holdings INC | -0.1% | -20.80% | Trim |
| 14 | RL | Ralph Lauren CORP | -0.1% | -21.38% | Trim |
| 15 | WRB | Wr Berkley CORP | -0.1% | -19.87% | Trim |
| 16 | SMP | Standard Motor Prods | -0.1% | -20.79% | Trim |
| 17 | NVS | Novartis Ag-sponsored Adr | -0.1% | -31.86% | Trim |
| 18 | ABBV | Abbvie INC | -0.1% | -21.10% | Trim |
| 19 | ARCC | Ares Capital CORP | -0.1% | -16.46% | Trim |
| 20 | TXT | Textron INC | -0.1% | -25.19% | Trim |
| 21 | USB | US Bancorp | -0.1% | -23.64% | Trim |
| 22 | EXP | Eagle Materials INC | -0.1% | -20.55% | Trim |
| 23 | MS | Morgan Stanley | -0.2% | -22.75% | Trim |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -21.39% | Trim |
| 25 | TPR | Tapestry INC | -0.2% | -35.26% | Trim |
| 26 | JPM | Jpmorgan Chase & Co | -0.2% | -22.41% | Trim |
| 27 | AMTM | Amentum Holdings INC | -0.2% | -22.86% | Trim |
| 28 | LDOS | Leidos Holdings INC | -0.2% | -20.91% | Trim |
| 29 | NXST | Nexstar Media Group INC | -0.2% | -22.51% | Trim |
| 30 | SF | Stifel Financial CORP | -0.2% | +15.68% | Add |
| 31 | DIS | Walt Disney Co/the | -0.3% | -20.72% | Trim |
| 32 | HTGC | Hercules Capital INC | -0.3% | -14.66% | Trim |
| 33 | SANM | Sanmina CORP | -0.3% | -22.57% | Trim |
| 34 | ANF | Abercrombie & Fitch Co-cl A | -0.3% | -32.56% | Trim |
| 35 | GS | Goldman Sachs Group INC | -0.3% | -29.87% | Trim |
| 36 | PUBGY | Publicis Groupe-adr | -0.3% | -20.84% | Trim |
| 37 | SSNC | Ss&c Technologies Holdings | -0.3% | -17.11% | Trim |
| 38 | EXPE | Expedia Group INC | -0.3% | -21.25% | Trim |
| 39 | AXP | American Express Co | -0.3% | -22.49% | Trim |
| 40 | JHG | Janus Henderson Group plc | — | EXIT | Sold out |
| 41 | DHI | Dr Horton INC | — | EXIT | Sold out |
| 42 | ASO | Academy Sports & Outdoors In | — | NEW | New buy |
| 43 | AXS | AXIS Capital Holdings Limited | — | NEW | New buy |
| 44 | JLL | Jones Lang Lasalle INC | — | NEW | New buy |
| 45 | KBR | Kbr INC | — | EXIT | Sold out |
| 46 | IIIN | Insteel Industries INC | — | NEW | New buy |
| 47 | EXE | Expand Energy CORP | — | EXIT | Sold out |
| 48 | MITK | Mitek Systems INC | — | NEW | New buy |
| 49 | PRGS | Progress Software CORP | — | EXIT | Sold out |
| 50 | AROW | Arrow Financial CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-20 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-21 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-15 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-07 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-08 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-10 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2025-02-10 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-26 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-21 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-05-20 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2024-01-25 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-28 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-07-11 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-15 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-07 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-20 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-13 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-22 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-20 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-01 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-20 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-16 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-17 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | Amendment | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-07 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-20 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-06 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-06 | Amendment | View on EDGAR |
| 2014-09-30 | 2014-11-03 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-15 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-23 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-08 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-01 | Amendment | View on EDGAR |
| 2013-09-30 | 2013-10-01 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-12 | 13F-HR | View on EDGAR |
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