Delphi Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Delphi Management Inc. reported 79 stock positions worth $103.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 2.9% of the portfolio, followed by Apple (AAPL, 2.3%) and Expedia (EXPE, 1.7%). Compared with Q3 2024, it opened 7 new positions, sold out of 17, added to 33 and reduced 38. The biggest buy was a new position in Skechers USA Class A (SKX) and the biggest sale an exit from Leidos (LDOS).
- Most Recent 13F
- Q2 2026
- Location
- BROOKLINE, MA
- CIK
- 0000767684
- Portfolio Value
- $103.5M (Q4 2024)
- SEC Filing
- 0000767684-25-000003 ↗ filed Feb 10, 2025
Holdings Value
Holdings 79 stocks · $103.5M
| BRK.B Berkshire Hathaway Inc. Class B | 2.93% | 6,694 | $3.0M | Add +1.6% |
| AAPL Apple Inc. | 2.35% | 9,707 | $2.4M | Reduce -2.9% |
| EXPE Expedia Group Inc. | 1.70% | 9,423 | $1.8M | Reduce -13.3% |
| ITRN Ituran Location and Control | 1.66% | 55,076 | $1.7M | Add +12.3% |
| AXP American Express Co. | 1.64% | 5,713 | $1.7M | Reduce -2.6% |
| TPR Tapestry Inc. | 1.62% | 25,586 | $1.7M | Reduce -17.0% |
| FLEX Flex Ltd. | 1.57% | 42,231 | $1.6M | Reduce -9.0% |
| RL Ralph Lauren Corp. | 1.55% | 6,963 | $1.6M | Reduce -10.6% |
| ARCC Ares Capital Corp. | 1.55% | 73,215 | $1.6M | Add +4.5% |
| SF Stifel Financial Corp. | 1.55% | 15,084 | $1.6M | Reduce -13.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.53% | 27,049 | $1.6M | Add +0.6% |
| SSNC Ss&c Technologies Holdings | 1.53% | 20,883 | $1.6M | Add +0.9% |
| INGR Ingredion Inc. | 1.53% | 11,497 | $1.6M | Reduce -1.0% |
| GS Goldman Sachs Group Inc. | 1.52% | 2,755 | $1.6M | Reduce -13.5% |
| JPM JPMorgan Chase & Co. | 1.52% | 6,569 | $1.6M | Reduce -4.3% |
| CAKE The Cheesecake Factory Inc. | 1.51% | 32,837 | $1.6M | Reduce -10.5% |
| HTGC Hercules Capital Inc. | 1.50% | 77,426 | $1.6M | Add +3.1% |
| EG Everest Group Ltd. | 1.50% | 4,272 | $1.5M | Add +13.1% |
| BXSL Blackstone Secured Lending F | 1.49% | 47,745 | $1.5M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.49% | 13,808 | $1.5M | Reduce -8.0% |
| BATRK Atlanta Braves Holdings in-C | 1.48% | 40,091 | $1.5M | Add +12.4% |
| PRGS Progress Software Corp. | 1.47% | 23,361 | $1.5M | Reduce -10.0% |
| MS Morgan Stanley | 1.47% | 12,079 | $1.5M | Reduce -18.2% |
| FISV Fiserv Inc. | 1.47% | 7,389 | $1.5M | Reduce -15.7% |
| SKX Skechers USA Inc. Class A | 1.47% | 22,561 | $1.5M | New |
| AZZ Azz Inc. | 1.45% | 18,269 | $1.5M | Reduce -1.5% |
| JBL Jabil Inc. | 1.44% | 10,362 | $1.5M | Reduce -0.3% |
| DOX Amdocs Ltd. | 1.44% | 17,483 | $1.5M | Reduce -2.5% |
| LH Laboratory CRP of Amer Hldgs | 1.44% | 6,475 | $1.5M | Reduce -4.3% |
| STAG Stag Industrial Inc. | 1.43% | 43,683 | $1.5M | Add +12.7% |
| AVB Avalonbay Communities Inc. | 1.42% | 6,663 | $1.5M | Reduce -2.6% |
| CB Chubb Ltd. | 1.40% | 5,255 | $1.5M | Add +1.3% |
| UCTT Ultra Clean Holdings Inc. | 1.40% | 40,256 | $1.4M | Add +606.3% |
| RNR Renaissancere Holdings Ltd. | 1.40% | 5,812 | $1.4M | Reduce -3.5% |
| SNX TD Synnex Corp. | 1.38% | 12,168 | $1.4M | Add +0.2% |
| SNA Snap-on Inc. | 1.38% | 4,198 | $1.4M | Reduce -19.2% |
| GHC Graham Holdings Co. Class B | 1.38% | 1,633 | $1.4M | Reduce -17.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.37% | 13,511 | $1.4M | Reduce -0.8% |
| JHG Janus Henderson Group PLC | 1.37% | 33,366 | $1.4M | New |
| DELL Dell Technologies -C | 1.36% | 12,255 | $1.4M | Add +3.3% |
| NVS Novartis AG-Sponsored ADR | 1.35% | 14,309 | $1.4M | Add +8.6% |
| GPN Global Payments Inc. | 1.34% | 12,414 | $1.4M | Reduce -6.3% |
| STRL Sterling Infrastructure Inc. | 1.33% | 8,149 | $1.4M | Reduce -30.8% |
| OSK Oshkosh Corp. | 1.31% | 14,288 | $1.4M | Add +4.8% |
| ORCL Oracle Corp. | 1.31% | 8,141 | $1.4M | Reduce -16.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.31% | 35,334 | $1.4M | Add +15.6% |
| EOG EOG Resources Inc. | 1.30% | 10,966 | $1.3M | Reduce -0.7% |
| RF Regions Financial Corp. | 1.30% | 57,144 | $1.3M | New |
| PLAB Photronics Inc. | 1.29% | 56,803 | $1.3M | Add +19.1% |
| FANG Diamondback Energy Inc. | 1.28% | 8,107 | $1.3M | Add +8.8% |
| OMC Omnicom Group | 1.25% | 15,069 | $1.3M | Reduce -0.9% |
| EXP Eagle Materials Inc. | 1.24% | 5,203 | $1.3M | Reduce -9.4% |
| CBT Cabot Corp. | 1.22% | 13,878 | $1.3M | Reduce -1.3% |
| TXT Textron Inc. | 1.22% | 16,492 | $1.3M | Add +0.7% |
| UNTY Unity Bancorp Inc. | 1.21% | 28,794 | $1.3M | New |
| KLAC KLA Corp. | 1.21% | 1,991 | $1.3M | Add +5.5% |
| TOL Toll Brothers Inc. | 1.19% | 9,812 | $1.2M | Reduce -9.5% |
| ARW Arrow Electronics Inc. | 1.18% | 10,831 | $1.2M | Add +0.3% |
| NSIT Insight Enterprises Inc. | 1.17% | 7,974 | $1.2M | Add +15.8% |
| ASIX Advansix Inc. | 1.15% | 41,790 | $1.2M | Add +806.9% |
| AMAT Applied Materials Inc. | 1.15% | 7,305 | $1.2M | Add +16.8% |
| DHI D.R. Horton Inc. | 1.14% | 8,433 | $1.2M | Add +0.9% |
| ABBV Abbvie Inc. | 1.14% | 6,620 | $1.2M | Reduce -1.1% |
| LRCX Lam Research Corp. | 1.13% | 16,250 | $1.2M | Add +11.0% |
| AZO AutoZone Inc. | 1.13% | 366 | $1.2M | No change |
| NXST Nexstar Media Group Inc. | 1.13% | 7,392 | $1.2M | Reduce -16.8% |
| LEN Lennar Corp. Class A | 1.12% | 8,529 | $1.2M | Reduce -1.0% |
| MCY Mercury General Corp. | 0.68% | 10,653 | $708K | New |
| SANM Sanmina Corp. | 0.62% | 8,470 | $641K | Reduce -4.3% |
| INCY Incyte Corp. | 0.59% | 8,783 | $607K | Add +631.9% |
| MTDR Matador Resources Co. | 0.58% | 10,660 | $600K | Reduce -0.1% |
| EMN Eastman Chemical Co. | 0.50% | 5,696 | $520K | Add +44.4% |
| GBDC Golub Capital BDC Inc. | 0.50% | 33,880 | $514K | Add +14.8% |
| MRK Merck & Co. Inc. | 0.48% | 5,007 | $498K | Reduce -58.3% |
| CVLG Covenant Logistics Group Inc. | 0.36% | 6,920 | $377K | Add +387.3% |
| BHRB Burke & Herbert Financial SE | 0.27% | 4,540 | $283K | New |
| SDZNY Sandoz Group AG-ADR | 0.22% | 5,634 | $228K | Add +51.2% |
| PUBGY Publicis Groupe-ADR | 0.22% | 8,425 | $224K | New |
| ESQ Esquire Financial Holdings I | 0.21% | 2,776 | $221K | Add +33.8% |
Portfolio Sells Q3 2024 → Q4 2024
| LDOS Leidos Holdings Inc. | Sold out | 0.00% | −1.50 |
| MGPI MGP Ingredients Inc. | Sold out | 0.00% | −1.35 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −1.30 |
| CI The Cigna Group | Sold out | 0.00% | −1.23 |
| ALV Autoliv Inc. | Sold out | 0.00% | −1.19 |
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −1.08 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.89 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.76 |
| MRK Merck & Co. Inc. | Reduce -58.3% | 0.48% | −0.76 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.67 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.57 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.46 |
| LEN Lennar Corp. Class A | Reduce -1.0% | 1.12% | −0.34 |
| TOL Toll Brothers Inc. | Reduce -9.5% | 1.19% | −0.33 |
| EXP Eagle Materials Inc. | Reduce -9.4% | 1.24% | −0.26 |
| STRL Sterling Infrastructure Inc. | Reduce -30.8% | 1.33% | −0.22 |
| EQBK Equity Bancshares Inc. Class A | Sold out | 0.00% | −0.21 |
| NXST Nexstar Media Group Inc. | Reduce -16.8% | 1.13% | −0.20 |
| CBT Cabot Corp. | Reduce -1.3% | 1.22% | −0.20 |
| ORCL Oracle Corp. | Reduce -16.3% | 1.31% | −0.19 |
| OMC Omnicom Group | Reduce -0.9% | 1.25% | −0.17 |
| CSWC Capital Southwest Corp. | Sold out | 0.00% | −0.17 |
| DKL Delek Logistics Partners LP | Sold out | 0.00% | −0.12 |
| PRGS Progress Software Corp. | Reduce -10.0% | 1.47% | −0.12 |
| GHC Graham Holdings Co. Class B | Reduce -17.8% | 1.38% | −0.11 |
| IRM Iron Mountain Inc. | Reduce -0.8% | 1.37% | −0.10 |
| RNR Renaissancere Holdings Ltd. | Reduce -3.5% | 1.40% | −0.09 |
| LEA Lear Corp. | Sold out | 0.00% | −0.08 |
| MHO M/I Homes Inc. | Sold out | 0.00% | −0.08 |
| KRT Karat Packaging Inc. | Sold out | 0.00% | −0.07 |
| ABBV Abbvie Inc. | Reduce -1.1% | 1.14% | −0.06 |
| SNA Snap-on Inc. | Reduce -19.2% | 1.38% | +0.01 |
| DOX Amdocs Ltd. | Reduce -2.5% | 1.44% | +0.01 |
| AVB Avalonbay Communities Inc. | Reduce -2.6% | 1.42% | +0.02 |
| FISV Fiserv Inc. | Reduce -15.7% | 1.47% | +0.04 |
| AZZ Azz Inc. | Reduce -1.5% | 1.45% | +0.05 |
| SF Stifel Financial Corp. | Reduce -13.3% | 1.55% | +0.06 |
| LH Laboratory CRP of Amer Hldgs | Reduce -4.3% | 1.44% | +0.06 |
| EOG EOG Resources Inc. | Reduce -0.7% | 1.30% | +0.07 |
| SANM Sanmina Corp. | Reduce -4.3% | 0.62% | +0.07 |
| MS Morgan Stanley | Reduce -18.2% | 1.47% | +0.07 |
| INGR Ingredion Inc. | Reduce -1.0% | 1.53% | +0.08 |
| GS Goldman Sachs Group Inc. | Reduce -13.5% | 1.52% | +0.09 |
| MTDR Matador Resources Co. | Reduce -0.1% | 0.58% | +0.10 |
| GPN Global Payments Inc. | Reduce -6.3% | 1.34% | +0.11 |
| CAKE The Cheesecake Factory Inc. | Reduce -10.5% | 1.51% | +0.15 |
| FLEX Flex Ltd. | Reduce -9.0% | 1.57% | +0.16 |
| DIS The Walt Disney Co. | Reduce -8.0% | 1.49% | +0.17 |
| RL Ralph Lauren Corp. | Reduce -10.6% | 1.55% | +0.18 |
| AXP American Express Co. | Reduce -2.6% | 1.64% | +0.19 |
Portfolio Buys Q3 2024 → Q4 2024
| SKX Skechers USA Inc. Class A | New | 1.47% | +1.47 |
| JHG Janus Henderson Group PLC | New | 1.37% | +1.37 |
| RF Regions Financial Corp. | New | 1.30% | +1.30 |
| UNTY Unity Bancorp Inc. | New | 1.21% | +1.21 |
| UCTT Ultra Clean Holdings Inc. | Add +606.3% | 1.40% | +1.19 |
| ASIX Advansix Inc. | Add +806.9% | 1.15% | +1.02 |
| MCY Mercury General Corp. | New | 0.68% | +0.68 |
| INCY Incyte Corp. | Add +631.9% | 0.59% | +0.51 |
| ITRN Ituran Location and Control | Add +12.3% | 1.66% | +0.48 |
| CVLG Covenant Logistics Group Inc. | Add +387.3% | 0.36% | +0.30 |
| BHRB Burke & Herbert Financial SE | New | 0.27% | +0.27 |
| BXSL Blackstone Secured Lending F | Add +0.7% | 1.49% | +0.23 |
| PLAB Photronics Inc. | Add +19.1% | 1.29% | +0.22 |
| ARCC Ares Capital Corp. | Add +4.5% | 1.55% | +0.22 |
| PUBGY Publicis Groupe-ADR | New | 0.22% | +0.22 |
| BATRK Atlanta Braves Holdings in-C | Add +12.4% | 1.48% | +0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 2.93% | +0.18 |
| HTGC Hercules Capital Inc. | Add +3.1% | 1.50% | +0.16 |
| EG Everest Group Ltd. | Add +13.1% | 1.50% | +0.15 |
| SLB SLB Ltd. | Add +15.6% | 1.31% | +0.14 |
| WRB WR Berkley Corp. | Add +0.6% | 1.53% | +0.14 |
| SSNC Ss&c Technologies Holdings | Add +0.9% | 1.53% | +0.13 |
| FANG Diamondback Energy Inc. | Add +8.8% | 1.28% | +0.12 |
| EMN Eastman Chemical Co. | Add +44.4% | 0.50% | +0.10 |
| GBDC Golub Capital BDC Inc. | Add +14.8% | 0.50% | +0.09 |
| ESQ Esquire Financial Holdings I | Add +33.8% | 0.21% | +0.09 |
| DELL Dell Technologies -C | Add +3.3% | 1.36% | +0.09 |
| SDZNY Sandoz Group AG-ADR | Add +51.2% | 0.22% | +0.08 |
| OSK Oshkosh Corp. | Add +4.8% | 1.31% | +0.07 |
| SNX TD Synnex Corp. | Add +0.2% | 1.38% | +0.05 |
| STAG Stag Industrial Inc. | Add +12.7% | 1.43% | +0.05 |
| LRCX Lam Research Corp. | Add +11.0% | 1.13% | +0.05 |
| CB Chubb Ltd. | Add +1.3% | 1.40% | +0.04 |
| AMAT Applied Materials Inc. | Add +16.8% | 1.15% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Add +8.6% | 1.35% | −0.03 |
| TXT Textron Inc. | Add +0.7% | 1.22% | −0.10 |
| KLAC KLA Corp. | Add +5.5% | 1.21% | −0.12 |
| ARW Arrow Electronics Inc. | Add +0.3% | 1.18% | −0.12 |
| NSIT Insight Enterprises Inc. | Add +15.8% | 1.17% | −0.17 |
| DHI D.R. Horton Inc. | Add +0.9% | 1.14% | −0.31 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 83 | $102.3M | AAPL, BRK.B, AMAT, KLAC, LRCX |
| Q1 2026 | 79 | $83.6M | AAPL, BRK.B, NFG, EOG, DELL |
| Q4 2025 | 76 | $102.7M | BRK.B, AAPL, EXPE, TPR, GS |
| Q3 2025 | 81 | $107.8M | BRK.B, AAPL, KLAC, SNX, LRCX |
| Q2 2025 | 80 | $103.5M | BRK.B, JBL, AAPL, FLEX, BATRK |
| Q1 2025 | 78 | $98.1M | BRK.B, AAPL, WRB, NFG, SSNC |
| Q4 2024 | 79 | $103.5M | BRK.B, AAPL, EXPE, ITRN, AXP |
| Q3 2024 | 89 | $110.1M | BRK.B, AAPL, PRGS, STRL, TOL |
| Q2 2024 | 80 | $122.7M | BRK.B, AAPL, IRM, HTGC, SF |
| Q1 2024 | 84 | $128.9M | BRK.B, AAPL, FANG, OSK, EXP |