Delphi Financial Group, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 1, 2024), Delphi Financial Group, Inc. reported 19 stock positions worth $173.7 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 27.4% of the portfolio, followed by iShares 0-5 YR HY Corp. Bond (SHYG, 13.3%) and Energy Transfer (ET, 13.1%). Compared with Q2 2024, it opened 1 new position, sold out of 3, added to 2 and reduced 2. The biggest buy was Clearbridge Energy Midstream (EMO, shares +69%) and the biggest sale an exit from Alibaba Group Holding-SP ADR (BABA).

Most Recent 13F
Q2 2026
Location
Wilmington, DE
CIK
0000859139
Portfolio Value
$173.7M (Q3 2024)
SEC Filing
0000950123-24-010197 ↗ filed Nov 1, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $151.5M Q1 2024 Q2 2024: $174.4M Q2 2024 Q3 2024: $173.7M $173.7M Q3 2024 Q4 2024: $185.6M Q4 2024 Q1 2025: $162.4M Q1 2025 Q2 2025: $138.4M Q2 2025 Q3 2025: $174.4M Q3 2025 Q4 2025: $196.8M Q4 2025 Q1 2026: $219.7M Q1 2026 Q2 2026: $200.4M Q2 2026

Holdings 19 stocks · $173.7M
VTI VG Morningstar TS MKT ETF-US 27.40% 168,090 $47.6M No change
SHYG iShares 0-5 YR HY Corp. Bond 13.26% 530,590 $23.0M No change
ET Energy Transfer LP 13.14% 1,421,945 $22.8M No change
JAAA Janus Henderson Aaa Clo ETF 11.66% 397,990 $20.2M No change
MPLX MPLX LP 8.73% 341,079 $15.2M No change
CNX CNX Resources Corp. 4.82% 256,850 $8.4M No change
TSM Taiwan Semiconductor-SP ADR 4.78% 47,830 $8.3M No change
MSFT Microsoft Corp. 2.68% 10,800 $4.6M No change
LNG Cheniere Energy Inc. 2.61% 25,220 $4.5M No change
AMZN Amazon.com Inc. 2.57% 24,000 $4.5M No change
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 1.74% 36,720 $3.0M No change
EMO Clearbridge Energy Midstream 1.52% 62,757 $2.6M Add +69.2%
OXFORD LANE CAP CORP 1.45% 480,221 $2.5M Add +36.8%
MBB iShares MBS ETF 1.13% 20,500 $2.0M No change
AGNC AGNC Investment Corp. 0.84% 139,000 $1.5M Reduce -13.1%
TSLX Sixth Street Specialty Lendi 0.83% 70,106 $1.4M No change
MFA Mfa Financial Inc. 0.51% 70,000 $890K Reduce -22.2%
RNAC Cartesian Therapeutics Inc. 0.20% 22,028 $355K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.12% 2,500 $201K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.4M (not counted above)
SecurityClassShares / PrincipalValueChange
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 2,000,000$1.9MNo change
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal 1,509,000$1.5MNo change

Total filed on the 13F, all lines: $177.1M.

Portfolio Sells Q2 2024 → Q3 2024
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −3.41
CLEARBRIDGE MLP AND MIDSTRM Sold out 0.00% −0.60
ZROZ PIMCO 25+ YR Zero CPN US Tif Sold out 0.00% −0.47
AGNC AGNC Investment Corp. Reduce -13.1% 0.84% −0.04
MFA Mfa Financial Inc. Reduce -22.2% 0.51% −0.04

Portfolio Buys Q2 2024 → Q3 2024
EMO Clearbridge Energy Midstream Add +69.2% 1.52% +0.62
OXFORD LANE CAP CORP Add +36.8% 1.45% +0.36
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 0.12% +0.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 25$200.4MASHR, ET, VTI, EFC, TSM
Q1 2026 31$219.7MJAAA, ET, ASHR, FXI, EFC
Q4 2025 26$196.8MJAAA, ET, ASHR, FXI, TSM
Q3 2025 21$174.4MJAAA, ET, FXI, ASHR, TSM
Q2 2025 20$138.4MJAAA, ET, TSM, EFC, FXI
Q1 2025 20$162.4MJAAA, ET, MPLX, VTI, FXI
Q4 2024 22$185.6MVTI, ET, SHYG, JAAA, MPLX
Q3 2024 19$173.7MVTI, SHYG, ET, JAAA, MPLX
Q2 2024 21$174.4MVTI, ET, SHYG, JAAA, MPLX
Q1 2024 21$151.5MET, SHYG, JAAA, MPLX, TSM