Delphi Management Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 8, 2025), Delphi Management Inc. reported 78 stock positions worth $98.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 3.3% of the portfolio, followed by Apple (AAPL, 2.1%) and WR Berkley (WRB, 1.6%). Compared with Q4 2024, it opened 7 new positions, sold out of 8, added to 22 and reduced 49. The biggest buy was a new position in National Fuel Gas (NFG) and the biggest sale an exit from Laboratory CRP of Amer (LH).
- Most Recent 13F
- Q2 2026
- Location
- BROOKLINE, MA
- CIK
- 0000767684
- Portfolio Value
- $98.1M (Q1 2025)
- SEC Filing
- 0000767684-25-000005 ↗ filed Apr 8, 2025
Holdings Value
Holdings 78 stocks · $98.1M
| BRK.B Berkshire Hathaway Inc. Class B | 3.31% | 6,104 | $3.3M | Reduce -8.8% |
| AAPL Apple Inc. | 2.09% | 9,220 | $2.0M | Reduce -5.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.62% | 22,378 | $1.6M | Reduce -17.3% |
| NFG National Fuel Gas Co. | 1.57% | 19,460 | $1.5M | New |
| SSNC Ss&c Technologies Holdings | 1.55% | 18,270 | $1.5M | Reduce -12.5% |
| INGR Ingredion Inc. | 1.53% | 11,138 | $1.5M | Reduce -3.1% |
| CB Chubb Ltd. | 1.53% | 4,966 | $1.5M | Reduce -5.5% |
| DOX Amdocs Ltd. | 1.53% | 16,384 | $1.5M | Reduce -6.3% |
| GHC Graham Holdings Co. Class B | 1.53% | 1,559 | $1.5M | Reduce -4.5% |
| FISV Fiserv Inc. | 1.52% | 6,754 | $1.5M | Reduce -8.6% |
| BATRK Atlanta Braves Holdings in-C | 1.52% | 37,157 | $1.5M | Reduce -7.3% |
| NVS Novartis AG-Sponsored ADR | 1.51% | 13,299 | $1.5M | Reduce -7.1% |
| STAG Stag Industrial Inc. | 1.51% | 40,882 | $1.5M | Reduce -6.4% |
| ARCC Ares Capital Corp. | 1.48% | 65,753 | $1.5M | Reduce -10.2% |
| BXSL Blackstone Secured Lending F | 1.48% | 44,766 | $1.4M | Reduce -6.2% |
| THG Hanover Insurance Group Inc./ | 1.47% | 8,297 | $1.4M | New |
| EG Everest Group Ltd. | 1.46% | 3,938 | $1.4M | Reduce -7.8% |
| LH Labcorp Holdings Inc. | 1.45% | 6,115 | $1.4M | New |
| AVB Avalonbay Communities Inc. | 1.43% | 6,525 | $1.4M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 1.43% | 5,709 | $1.4M | Reduce -13.1% |
| HTGC Hercules Capital Inc. | 1.42% | 72,570 | $1.4M | Reduce -6.3% |
| AXP American Express Co. | 1.42% | 5,176 | $1.4M | Reduce -9.4% |
| CBT Cabot Corp. | 1.41% | 16,627 | $1.4M | Add +19.8% |
| ITRN Ituran Location and Control | 1.40% | 38,087 | $1.4M | Reduce -30.9% |
| CAKE The Cheesecake Factory Inc. | 1.40% | 28,278 | $1.4M | Reduce -13.9% |
| SNA Snap-on Inc. | 1.39% | 4,051 | $1.4M | Reduce -3.5% |
| LDOS Leidos Holdings Inc. | 1.39% | 10,110 | $1.4M | New |
| MS Morgan Stanley | 1.38% | 11,631 | $1.4M | Reduce -3.7% |
| EXPE Expedia Group Inc. | 1.38% | 8,047 | $1.4M | Reduce -14.6% |
| RNR Renaissancere Holdings Ltd. | 1.38% | 5,631 | $1.4M | Reduce -3.1% |
| KLAC KLA Corp. | 1.37% | 1,979 | $1.3M | Reduce -0.6% |
| AZZ Azz Inc. | 1.37% | 16,076 | $1.3M | Reduce -12.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.37% | 32,162 | $1.3M | Reduce -9.0% |
| EOG EOG Resources Inc. | 1.37% | 10,455 | $1.3M | Reduce -4.7% |
| AZO AutoZone Inc. | 1.36% | 349 | $1.3M | Reduce -4.6% |
| FANG Diamondback Energy Inc. | 1.35% | 8,299 | $1.3M | Add +2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.34% | 13,341 | $1.3M | Reduce -3.4% |
| TPR Tapestry Inc. | 1.34% | 18,685 | $1.3M | Reduce -27.0% |
| EXP Eagle Materials Inc. | 1.34% | 5,909 | $1.3M | Add +13.6% |
| SANM Sanmina Corp. | 1.34% | 17,209 | $1.3M | Add +103.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.33% | 15,155 | $1.3M | Add +12.2% |
| GS Goldman Sachs Group Inc. | 1.33% | 2,385 | $1.3M | Reduce -13.4% |
| UNTY Unity Bancorp Inc. | 1.33% | 31,971 | $1.3M | Add +11.0% |
| JHG Janus Henderson Group PLC | 1.32% | 35,908 | $1.3M | Add +7.6% |
| JBL Jabil Inc. | 1.32% | 9,513 | $1.3M | Reduce -8.2% |
| SKX Skechers USA Inc. Class A | 1.32% | 22,797 | $1.3M | Add +1.1% |
| OMC Omnicom Group | 1.32% | 15,598 | $1.3M | Add +3.5% |
| SF Stifel Financial Corp. | 1.32% | 13,698 | $1.3M | Reduce -9.2% |
| NXST Nexstar Media Group Inc. | 1.30% | 7,137 | $1.3M | Reduce -3.5% |
| FLEX Flex Ltd. | 1.30% | 38,571 | $1.3M | Reduce -8.7% |
| TXT Textron Inc. | 1.28% | 17,421 | $1.3M | Add +5.6% |
| ABBV Abbvie Inc. | 1.28% | 6,005 | $1.3M | Reduce -9.3% |
| RL Ralph Lauren Corp. | 1.28% | 5,699 | $1.3M | Reduce -18.1% |
| LRCX Lam Research Corp. | 1.24% | 16,668 | $1.2M | Add +2.6% |
| AMAT Applied Materials Inc. | 1.23% | 8,345 | $1.2M | Add +14.2% |
| MTDR Matador Resources Co. | 1.21% | 23,302 | $1.2M | Add +118.6% |
| ASIX Advansix Inc. | 1.20% | 51,852 | $1.2M | Add +24.1% |
| OSK Oshkosh Corp. | 1.19% | 12,419 | $1.2M | Reduce -13.1% |
| PRGS Progress Software Corp. | 1.18% | 22,555 | $1.2M | Reduce -3.5% |
| DHI D.R. Horton Inc. | 1.17% | 9,016 | $1.1M | Add +6.9% |
| DELL Dell Technologies -C | 1.16% | 12,532 | $1.1M | Add +2.3% |
| PLAB Photronics Inc. | 1.16% | 54,992 | $1.1M | Reduce -3.2% |
| EMN Eastman Chemical Co. | 1.14% | 12,728 | $1.1M | Add +123.5% |
| GPN Global Payments Inc. | 1.14% | 11,374 | $1.1M | Reduce -8.4% |
| SNX TD Synnex Corp. | 1.13% | 10,629 | $1.1M | Reduce -12.7% |
| ORCL Oracle Corp. | 1.12% | 7,890 | $1.1M | Reduce -3.1% |
| ARW Arrow Electronics Inc. | 1.11% | 10,526 | $1.1M | Reduce -2.8% |
| LEN Lennar Corp. Class A | 1.10% | 9,388 | $1.1M | Add +10.1% |
| TOL Toll Brothers Inc. | 1.03% | 9,525 | $1.0M | Reduce -2.9% |
| PUBGY Publicis Groupe-ADR | 0.70% | 29,115 | $686K | Add +245.6% |
| SDZNY Sandoz Group AG-ADR | 0.67% | 15,760 | $661K | Add +179.7% |
| CVLG Covenant Logistics Group Inc. | 0.52% | 22,905 | $508K | Add +65.5% |
| CAC Camden National Corp. | 0.51% | 12,295 | $498K | New |
| ANF Abercrombie & Fitch Co. Class A | 0.50% | 6,454 | $493K | New |
| GBDC Golub Capital BDC Inc. | 0.47% | 30,453 | $461K | Reduce -10.1% |
| INCY Incyte Corp. | 0.46% | 7,416 | $449K | Reduce -15.6% |
| BHRB Burke & Herbert Financial SE | 0.32% | 5,520 | $310K | Add +21.6% |
| KBR KBR Inc. | 0.30% | 5,850 | $291K | New |
Portfolio Sells Q4 2024 → Q1 2025
| LH Laboratory CRP of Amer Hldgs | Sold out | 0.00% | −1.44 |
| UCTT Ultra Clean Holdings Inc. | Sold out | 0.00% | −1.40 |
| STRL Sterling Infrastructure Inc. | Sold out | 0.00% | −1.33 |
| RF Regions Financial Corp. | Sold out | 0.00% | −1.30 |
| NSIT Insight Enterprises Inc. | Sold out | 0.00% | −1.17 |
| MCY Mercury General Corp. | Sold out | 0.00% | −0.68 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.48 |
| EXPE Expedia Group Inc. | Reduce -14.6% | 1.38% | −0.32 |
| PRGS Progress Software Corp. | Reduce -3.5% | 1.18% | −0.29 |
| TPR Tapestry Inc. | Reduce -27.0% | 1.34% | −0.27 |
| RL Ralph Lauren Corp. | Reduce -18.1% | 1.28% | −0.27 |
| FLEX Flex Ltd. | Reduce -8.7% | 1.30% | −0.27 |
| AAPL Apple Inc. | Reduce -5.0% | 2.09% | −0.26 |
| ITRN Ituran Location and Control | Reduce -30.9% | 1.40% | −0.26 |
| SNX TD Synnex Corp. | Reduce -12.7% | 1.13% | −0.25 |
| SF Stifel Financial Corp. | Reduce -9.2% | 1.32% | −0.23 |
| AXP American Express Co. | Reduce -9.4% | 1.42% | −0.22 |
| ESQ Esquire Financial Holdings I | Sold out | 0.00% | −0.21 |
| GPN Global Payments Inc. | Reduce -8.4% | 1.14% | −0.21 |
| GS Goldman Sachs Group Inc. | Reduce -13.4% | 1.33% | −0.20 |
| ORCL Oracle Corp. | Reduce -3.1% | 1.12% | −0.19 |
| TOL Toll Brothers Inc. | Reduce -2.9% | 1.03% | −0.17 |
| DIS The Walt Disney Co. | Reduce -3.4% | 1.34% | −0.14 |
| PLAB Photronics Inc. | Reduce -3.2% | 1.16% | −0.13 |
| INCY Incyte Corp. | Reduce -15.6% | 0.46% | −0.13 |
| JBL Jabil Inc. | Reduce -8.2% | 1.32% | −0.12 |
| OSK Oshkosh Corp. | Reduce -13.1% | 1.19% | −0.12 |
| CAKE The Cheesecake Factory Inc. | Reduce -13.9% | 1.40% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -13.1% | 1.43% | −0.10 |
| MS Morgan Stanley | Reduce -3.7% | 1.38% | −0.09 |
| HTGC Hercules Capital Inc. | Reduce -6.3% | 1.42% | −0.08 |
| AZZ Azz Inc. | Reduce -12.0% | 1.37% | −0.08 |
| ARW Arrow Electronics Inc. | Reduce -2.8% | 1.11% | −0.07 |
| ARCC Ares Capital Corp. | Reduce -10.2% | 1.48% | −0.06 |
| EG Everest Group Ltd. | Reduce -7.8% | 1.46% | −0.04 |
| GBDC Golub Capital BDC Inc. | Reduce -10.1% | 0.47% | −0.03 |
| RNR Renaissancere Holdings Ltd. | Reduce -3.1% | 1.38% | −0.02 |
| BXSL Blackstone Secured Lending F | Reduce -6.2% | 1.48% | −0.01 |
| INGR Ingredion Inc. | Reduce -3.1% | 1.53% | +0.01 |
| AVB Avalonbay Communities Inc. | Reduce -2.1% | 1.43% | +0.01 |
| SNA Snap-on Inc. | Reduce -3.5% | 1.39% | +0.01 |
| SSNC Ss&c Technologies Holdings | Reduce -12.5% | 1.55% | +0.03 |
| BATRK Atlanta Braves Holdings in-C | Reduce -7.3% | 1.52% | +0.03 |
| FISV Fiserv Inc. | Reduce -8.6% | 1.52% | +0.05 |
| SLB SLB Ltd. | Reduce -9.0% | 1.37% | +0.06 |
| EOG EOG Resources Inc. | Reduce -4.7% | 1.37% | +0.07 |
| STAG Stag Industrial Inc. | Reduce -6.4% | 1.51% | +0.08 |
| DOX Amdocs Ltd. | Reduce -6.3% | 1.53% | +0.09 |
| WRB WR Berkley Corp. | Reduce -17.3% | 1.62% | +0.09 |
| CB Chubb Ltd. | Reduce -5.5% | 1.53% | +0.13 |
Portfolio Buys Q4 2024 → Q1 2025
| NFG National Fuel Gas Co. | New | 1.57% | +1.57 |
| THG Hanover Insurance Group Inc./ | New | 1.47% | +1.47 |
| LH Labcorp Holdings Inc. | New | 1.45% | +1.45 |
| LDOS Leidos Holdings Inc. | New | 1.39% | +1.39 |
| SANM Sanmina Corp. | Add +103.2% | 1.34% | +0.72 |
| EMN Eastman Chemical Co. | Add +123.5% | 1.14% | +0.64 |
| MTDR Matador Resources Co. | Add +118.6% | 1.21% | +0.63 |
| CAC Camden National Corp. | New | 0.51% | +0.51 |
| ANF Abercrombie & Fitch Co. Class A | New | 0.50% | +0.50 |
| PUBGY Publicis Groupe-ADR | Add +245.6% | 0.70% | +0.48 |
| SDZNY Sandoz Group AG-ADR | Add +179.7% | 0.67% | +0.45 |
| KBR KBR Inc. | New | 0.30% | +0.30 |
| CBT Cabot Corp. | Add +19.8% | 1.41% | +0.18 |
| CVLG Covenant Logistics Group Inc. | Add +65.5% | 0.52% | +0.15 |
| UNTY Unity Bancorp Inc. | Add +11.0% | 1.33% | +0.11 |
| LRCX Lam Research Corp. | Add +2.6% | 1.24% | +0.10 |
| EXP Eagle Materials Inc. | Add +13.6% | 1.34% | +0.10 |
| AMAT Applied Materials Inc. | Add +14.2% | 1.23% | +0.09 |
| FANG Diamondback Energy Inc. | Add +2.4% | 1.35% | +0.07 |
| TXT Textron Inc. | Add +5.6% | 1.28% | +0.06 |
| OMC Omnicom Group | Add +3.5% | 1.32% | +0.06 |
| ASIX Advansix Inc. | Add +24.1% | 1.20% | +0.05 |
| BHRB Burke & Herbert Financial SE | Add +21.6% | 0.32% | +0.04 |
| DHI D.R. Horton Inc. | Add +6.9% | 1.17% | +0.03 |
| LEN Lennar Corp. Class A | Add +10.1% | 1.10% | −0.03 |
| IRM Iron Mountain Inc. | Add +12.2% | 1.33% | −0.04 |
| JHG Janus Henderson Group PLC | Add +7.6% | 1.32% | −0.05 |
| SKX Skechers USA Inc. Class A | Add +1.1% | 1.32% | −0.15 |
| DELL Dell Technologies -C | Add +2.3% | 1.16% | −0.20 |
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 |