DELPHI MANAGEMENT INC /MA/

Other Low signal CIK 767684
League rank
#312
in Other · #1088 overall
Long book
$83.6M
Q1 2026
Positions
79
Top-10 weight
18%
concentration
Last quarter
+20.1%
SPY +14.8%
Turnover
15%
of book per quarter

Strategy in plain words

auto-generated from filings

DELPHI MANAGEMENT INC /MA/ is an institutional manager, running a $83.6M US long book across 79 positions.

The portfolio is broadly diversified across 79 positions (top 10 only 18%). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, BERKSHIRE HATHAWAY INC-CL B, NATIONAL FUEL GAS CO, EOG RESOURCES INC, DELL TECHNOLOGIES -C.

Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-1.4%
Q2 2024
+8.4%
Q3 2024
-1.0%
Q4 2024
-2.5%
Q1 2025
+8.0%
Q2 2025
+6.7%
Q3 2025
+2.1%
Q4 2025
+1.4%
Q1 2026
+20.1%

Sector allocation

Financials
32%
Industrials
15%
Technology
14%
Consumer discretionary
11%
Other
9%
Services media
7%
Healthcare
4%
Utilities
2%

Long book by quarter

$128.9M
Q1 2024
$122.7M
Q2 2024
$110.1M
Q3 2024
$103.5M
Q4 2024
$98.1M
Q1 2025
$103.5M
Q2 2025
$107.8M
Q3 2025
$102.7M
Q4 2025
$83.6M
Q1 2026

What does DELPHI MANAGEMENT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology8.1K$2.1M2.5%-0.5%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials3.9K$1.9M2.3%-21.4%
NFG NATIONAL FUEL GAS COUtilities15.9K$1.5M1.8%-7.4%
EOG EOG RESOURCES INCEnergy10.2K$1.5M1.8%-12.4%
DELL DELL TECHNOLOGIES -CTechnology9.0K$1.5M1.8%-22.7%
SNX TD SYNNEX CORPConsumer discretionary7.9K$1.3M1.6%-19.8%
BATRK ATLANTA BRAVES HOLDINGS IN-CServices media30.9K$1.3M1.6%-13.3%
LH LABCORP HOLDINGS INCHealthcare4.9K$1.3M1.6%-13.1%
CAC CAMDEN NATIONAL CORPFinancials27.4K$1.3M1.6%-23.5%
JBL JABIL INCTechnology4.9K$1.3M1.6%-29.4%
CB CHUBB LTDFinancials3.9K$1.3M1.5%-23.8%
FLEX FLEX LTDTechnology19.5K$1.3M1.5%-20.6%
ITRN ITURAN LOCATION AND CONTROLConsumer discretionary25.8K$1.3M1.5%-27.2%
ARW ARROW ELECTRONICS INCConsumer discretionary8.7K$1.2M1.5%-27.5%
AZZ AZZ INCIndustrials9.9K$1.2M1.5%-27.9%
RNR RENAISSANCERE HOLDINGS LTDFinancials4.2K$1.2M1.5%-20.4%
GHC GRAHAM HOLDINGS CO-CLASS BServices media1.2K$1.2M1.5%-14.5%
MTB M & T BANK CORPFinancials5.9K$1.2M1.5%-21.4%
AMAT APPLIED MATERIALS INCTechnology3.6K$1.2M1.5%-33.3%
THG HANOVER INSURANCE GROUP INC/Financials7.0K$1.2M1.5%-10.0%
TPR TAPESTRY INCOther8.5K$1.2M1.4%-35.3%
TRV TRAVELERS COS INC/THEFinancials4.1K$1.2M1.4%-11.0%
ASO ACADEMY SPORTS & OUTDOORS INConsumer discretionary21.1K$1.2M1.4%New
TXT TEXTRON INCIndustrials13.4K$1.2M1.4%-25.2%
USB US BANCORPFinancials22.4K$1.2M1.4%-23.6%
INGR INGREDION INCConsumer staples10.3K$1.2M1.4%-20.8%
UNTY UNITY BANCORP INCFinancials22.5K$1.2M1.4%-20.8%
HIG HARTFORD INSURANCE GROUP INCFinancials8.6K$1.2M1.4%-20.5%
BHB BAR HARBOR BANKSHARESFinancials35.7K$1.2M1.4%-18.2%
CCK CROWN HOLDINGS INCIndustrials11.5K$1.2M1.4%-20.8%
ABBV ABBVIE INCHealthcare5.3K$1.2M1.4%-21.1%
STLD STEEL DYNAMICS INCIndustrials6.4K$1.2M1.4%-21.6%
CAKE CHEESECAKE FACTORY INC/THEConsumer discretionary21.0K$1.1M1.4%-29.1%
KLAC KLA CORPOther779$1.1M1.4%-20.0%
MS MORGAN STANLEYFinancials6.9K$1.1M1.4%-22.8%
RL RALPH LAUREN CORPOther3.3K$1.1M1.4%-21.4%
LRCX LAM RESEARCH CORPIndustrials5.2K$1.1M1.3%-32.9%
GS GOLDMAN SACHS GROUP INCFinancials1.3K$1.1M1.3%-29.9%
JPM JPMORGAN CHASE & COFinancials3.8K$1.1M1.3%-22.4%
FAF FIRST AMERICAN FINANCIALFinancials18.2K$1.1M1.3%-20.6%
URBN URBAN OUTFITTERS INCConsumer discretionary17.2K$1.1M1.3%+329.0%
AXS AXIS CAPITAL HOLDINGS LTDFinancials10.7K$1.1M1.3%New
EXPE EXPEDIA GROUP INCIndustrials4.7K$1.1M1.3%-21.2%
TOL TOLL BROTHERS INCIndustrials7.9K$1.1M1.3%-21.0%
SF STIFEL FINANCIAL CORPFinancials14.5K$1.1M1.3%+15.7%
SNA SNAP-ON INCIndustrials2.9K$1.1M1.3%-20.8%
WRB WR BERKLEY CORPFinancials15.6K$1.0M1.2%-19.9%
SANM SANMINA CORPTechnology8.0K$1.0M1.2%-22.6%
NXST NEXSTAR MEDIA GROUP INCCommunications5.6K$1.0M1.2%-22.5%
DIS WALT DISNEY CO/THEServices media10.5K$1.0M1.2%-20.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 20, 202679$83.6M $K fixed canonicalSEC ↗
Q4 202513F-HRJan 21, 202676$102.7M $K fixed canonicalSEC ↗
Q3 202513F-HROct 15, 202581$107.8M $K fixed canonicalSEC ↗
Q2 202513F-HRJul 7, 202580$103.5M $K fixed canonicalSEC ↗
Q1 202513F-HRApr 8, 202578$98.1M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 10, 202579$103.5M $K fixed canonicalSEC ↗
Q3 202413F-HRFeb 10, 202589$110.1M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 26, 202480$122.7M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 21, 202484$128.9M $K fixed canonicalSEC ↗