Delphi Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Delphi Management Inc. reported 81 stock positions worth $107.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 2.4% of the portfolio, followed by Apple (AAPL, 2.0%) and KLA (KLAC, 1.6%). Compared with Q2 2025, it opened 5 new positions, sold out of 4, added to 30 and reduced 46. The biggest buy was a new position in Bar Harbor Bankshares (BHB) and the biggest sale an exit from Advansix (ASIX).
- Most Recent 13F
- Q2 2026
- Location
- BROOKLINE, MA
- CIK
- 0000767684
- Portfolio Value
- $107.8M (Q3 2025)
- SEC Filing
- 0000767684-25-000009 ↗ filed Oct 15, 2025
Holdings Value
Holdings 81 stocks · $107.8M
| BRK.B Berkshire Hathaway Inc. Class B | 2.41% | 5,171 | $2.6M | Reduce -7.9% |
| AAPL Apple Inc. | 1.99% | 8,412 | $2.1M | Reduce -1.1% |
| KLAC KLA Corp. | 1.62% | 1,621 | $1.7M | Reduce -8.3% |
| SNX TD Synnex Corp. | 1.59% | 10,486 | $1.7M | Reduce -3.0% |
| LRCX Lam Research Corp. | 1.55% | 12,513 | $1.7M | Reduce -24.9% |
| AMAT Applied Materials Inc. | 1.54% | 8,121 | $1.7M | Reduce -1.6% |
| GHC Graham Holdings Co. Class B | 1.51% | 1,383 | $1.6M | Reduce -0.7% |
| GS Goldman Sachs Group Inc. | 1.51% | 2,040 | $1.6M | Reduce -10.2% |
| NFG National Fuel Gas Co. | 1.49% | 17,397 | $1.6M | Reduce -0.8% |
| ABBV Abbvie Inc. | 1.49% | 6,930 | $1.6M | Add +23.6% |
| LDOS Leidos Holdings Inc. | 1.48% | 8,418 | $1.6M | Reduce -9.7% |
| TPR Tapestry Inc. | 1.47% | 14,018 | $1.6M | Reduce -20.1% |
| MS Morgan Stanley | 1.47% | 9,961 | $1.6M | Reduce -12.0% |
| JPM JPMorgan Chase & Co. | 1.47% | 5,009 | $1.6M | Reduce -7.7% |
| FLEX Flex Ltd. | 1.46% | 27,224 | $1.6M | Reduce -18.2% |
| RL Ralph Lauren Corp. | 1.45% | 4,968 | $1.6M | Reduce -1.4% |
| AZZ Azz Inc. | 1.44% | 14,223 | $1.6M | Reduce -6.1% |
| NVS Novartis AG-Sponsored ADR | 1.44% | 12,064 | $1.5M | Reduce -0.7% |
| TXT Textron Inc. | 1.43% | 18,279 | $1.5M | Add +4.3% |
| AXP American Express Co. | 1.43% | 4,641 | $1.5M | Reduce -0.9% |
| EXPE Expedia Group Inc. | 1.43% | 7,202 | $1.5M | Reduce -5.0% |
| JHG Janus Henderson Group PLC | 1.43% | 34,584 | $1.5M | Reduce -3.5% |
| JBL Jabil Inc. | 1.42% | 7,057 | $1.5M | Reduce -12.7% |
| SSNC Ss&c Technologies Holdings | 1.42% | 17,272 | $1.5M | Reduce -0.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.42% | 19,952 | $1.5M | Add +0.2% |
| DELL Dell Technologies -C | 1.42% | 10,767 | $1.5M | Reduce -8.0% |
| LH Labcorp Holdings Inc. | 1.41% | 5,314 | $1.5M | Reduce -2.9% |
| DHI D.R. Horton Inc. | 1.41% | 8,972 | $1.5M | Reduce -9.4% |
| SANM Sanmina Corp. | 1.40% | 13,119 | $1.5M | Reduce -17.7% |
| ASX Ase Technology Holding -ADR | 1.35% | 131,553 | $1.5M | Reduce -0.3% |
| SDZNY Sandoz Group AG-ADR | 1.35% | 24,387 | $1.5M | Reduce -0.2% |
| SF Stifel Financial Corp. | 1.35% | 12,815 | $1.5M | Reduce -3.3% |
| USB US Bancorp | 1.34% | 29,911 | $1.4M | Reduce -0.8% |
| DOX Amdocs Ltd. | 1.34% | 17,624 | $1.4M | Add +15.6% |
| FAF First American Financial | 1.32% | 22,219 | $1.4M | Add +22.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.32% | 12,428 | $1.4M | Reduce -0.9% |
| ORCL Oracle Corp. | 1.32% | 5,054 | $1.4M | Reduce -30.6% |
| UNTY Unity Bancorp Inc. | 1.31% | 28,965 | $1.4M | Reduce -5.1% |
| HTGC Hercules Capital Inc. | 1.31% | 74,694 | $1.4M | Reduce -2.3% |
| KBR KBR Inc. | 1.31% | 29,843 | $1.4M | Add +23.8% |
| TOL Toll Brothers Inc. | 1.31% | 10,195 | $1.4M | Reduce -0.9% |
| THG Hanover Insurance Group Inc./ | 1.30% | 7,701 | $1.4M | Add +0.0% |
| FISV Fiserv Inc. | 1.30% | 10,843 | $1.4M | Add +30.6% |
| FR First Industrial Realty TR | 1.29% | 27,099 | $1.4M | Add +6.9% |
| CAC Camden National Corp. | 1.29% | 36,035 | $1.4M | Add +13.4% |
| PUBGY Publicis Groupe-ADR | 1.29% | 57,689 | $1.4M | Add +16.6% |
| HIG Hartford Insurance Group Inc. | 1.28% | 10,362 | $1.4M | Add +0.9% |
| STAG Stag Industrial Inc. | 1.28% | 39,003 | $1.4M | Reduce -0.1% |
| REVG Rev Group Inc. | 1.25% | 23,720 | $1.3M | Reduce -11.9% |
| RNR Renaissancere Holdings Ltd. | 1.24% | 5,285 | $1.3M | Add +2.1% |
| LEN Lennar Corp. Class A | 1.24% | 10,605 | $1.3M | Reduce -0.5% |
| BHB Bar Harbor Bankshares filed as BAR HBR BANKSHARES | 1.23% | 43,395 | $1.3M | New |
| NXST Nexstar Media Group Inc. | 1.22% | 6,664 | $1.3M | Add +0.1% |
| NICE Nice Ltd. - Spon ADR | 1.22% | 9,065 | $1.3M | Add +22.7% |
| ARCC Ares Capital Corp. | 1.21% | 63,955 | $1.3M | Add +2.0% |
| ITRN Ituran Location and Control | 1.20% | 36,301 | $1.3M | Add +0.7% |
| SNA Snap-on Inc. | 1.20% | 3,731 | $1.3M | Add +0.3% |
| CB Chubb Ltd. | 1.20% | 4,576 | $1.3M | Add +0.1% |
| NSIT Insight Enterprises Inc. | 1.18% | 11,230 | $1.3M | New |
| BATRK Atlanta Braves Holdings in-C | 1.16% | 30,169 | $1.3M | Reduce -14.0% |
| INGR Ingredion Inc. | 1.16% | 10,228 | $1.2M | Add +0.1% |
| CAKE The Cheesecake Factory Inc. | 1.16% | 22,807 | $1.2M | Reduce -12.3% |
| EXP Eagle Materials Inc. | 1.15% | 5,336 | $1.2M | Add +0.2% |
| EG Everest Group Ltd. | 1.13% | 3,465 | $1.2M | Add +0.2% |
| OMC Omnicom Group | 1.12% | 14,770 | $1.2M | Add +13.3% |
| ARW Arrow Electronics Inc. | 1.11% | 9,894 | $1.2M | Reduce -1.2% |
| CBT Cabot Corp. | 1.11% | 15,714 | $1.2M | Add +0.2% |
| BXSL Blackstone Secured Lending F | 1.10% | 45,518 | $1.2M | Add +4.2% |
| AZO AutoZone Inc. | 1.03% | 259 | $1.1M | Reduce -15.9% |
| FANG Diamondback Energy Inc. | 1.02% | 7,706 | $1.1M | Add +0.2% |
| EOG EOG Resources Inc. | 1.02% | 9,814 | $1.1M | Reduce -0.1% |
| MTDR Matador Resources Co. | 0.93% | 22,260 | $1.0M | Reduce -0.5% |
| PRGS Progress Software Corp. | 0.87% | 21,296 | $936K | Add +0.3% |
| INCY Incyte Corp. | 0.54% | 6,887 | $584K | Reduce -0.7% |
| ANF Abercrombie & Fitch Co. Class A | 0.51% | 6,466 | $553K | Add +0.1% |
| GBDC Golub Capital BDC Inc. | 0.38% | 30,157 | $413K | Add +0.9% |
| TTAM Titan America SA | 0.29% | 21,075 | $315K | New |
| URBN Urban Outfitters Inc. | 0.28% | 4,175 | $298K | Reduce -0.5% |
| SMP Standard Motor Prods | 0.22% | 5,717 | $233K | New |
| STLD Steel Dynamics Inc. | 0.21% | 1,635 | $228K | Add +4.0% |
| MNR Mach Natural Resources LP | 0.15% | 12,240 | $161K | New |
Portfolio Sells Q2 2025 → Q3 2025
| ASIX Advansix Inc. | Sold out | 0.00% | −1.15 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.91 |
| IAS Integral Ad Science Holding | Sold out | 0.00% | −0.52 |
| BATRK Atlanta Braves Holdings in-C | Reduce -14.0% | 1.16% | −0.42 |
| CAKE The Cheesecake Factory Inc. | Reduce -12.3% | 1.16% | −0.42 |
| BHRB Burke & Herbert Financial SE | Sold out | 0.00% | −0.30 |
| JBL Jabil Inc. | Reduce -12.7% | 1.42% | −0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.9% | 2.41% | −0.22 |
| ORCL Oracle Corp. | Reduce -30.6% | 1.32% | −0.22 |
| DIS The Walt Disney Co. | Reduce -0.9% | 1.32% | −0.18 |
| FLEX Flex Ltd. | Reduce -18.2% | 1.46% | −0.14 |
| ARW Arrow Electronics Inc. | Reduce -1.2% | 1.11% | −0.12 |
| EOG EOG Resources Inc. | Reduce -0.1% | 1.02% | −0.11 |
| SANM Sanmina Corp. | Reduce -17.7% | 1.40% | −0.11 |
| MTDR Matador Resources Co. | Reduce -0.5% | 0.93% | −0.10 |
| STAG Stag Industrial Inc. | Reduce -0.1% | 1.28% | −0.09 |
| UNTY Unity Bancorp Inc. | Reduce -5.1% | 1.31% | −0.07 |
| AZO AutoZone Inc. | Reduce -15.9% | 1.03% | −0.07 |
| MS Morgan Stanley | Reduce -12.0% | 1.47% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -7.7% | 1.47% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -10.2% | 1.51% | −0.05 |
| HTGC Hercules Capital Inc. | Reduce -2.3% | 1.31% | −0.04 |
| URBN Urban Outfitters Inc. | Reduce -0.5% | 0.28% | −0.02 |
| TPR Tapestry Inc. | Reduce -20.1% | 1.47% | −0.02 |
| LRCX Lam Research Corp. | Reduce -24.9% | 1.55% | −0.01 |
| AXP American Express Co. | Reduce -0.9% | 1.43% | −0.01 |
| REVG Rev Group Inc. | Reduce -11.9% | 1.25% | +0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.7% | 1.44% | +0.01 |
| SF Stifel Financial Corp. | Reduce -3.3% | 1.35% | +0.02 |
| USB US Bancorp | Reduce -0.8% | 1.34% | +0.02 |
| LH Labcorp Holdings Inc. | Reduce -2.9% | 1.41% | +0.03 |
| DELL Dell Technologies -C | Reduce -8.0% | 1.42% | +0.03 |
| SSNC Ss&c Technologies Holdings | Reduce -0.3% | 1.42% | +0.04 |
| ASX Ase Technology Holding -ADR | Reduce -0.3% | 1.35% | +0.04 |
| NFG National Fuel Gas Co. | Reduce -0.8% | 1.49% | +0.06 |
| LDOS Leidos Holdings Inc. | Reduce -9.7% | 1.48% | +0.06 |
| AZZ Azz Inc. | Reduce -6.1% | 1.44% | +0.06 |
| SDZNY Sandoz Group AG-ADR | Reduce -0.2% | 1.35% | +0.06 |
| JHG Janus Henderson Group PLC | Reduce -3.5% | 1.43% | +0.08 |
| AMAT Applied Materials Inc. | Reduce -1.6% | 1.54% | +0.08 |
| INCY Incyte Corp. | Reduce -0.7% | 0.54% | +0.09 |
| KLAC KLA Corp. | Reduce -8.3% | 1.62% | +0.09 |
| LEN Lennar Corp. Class A | Reduce -0.5% | 1.24% | +0.10 |
| RL Ralph Lauren Corp. | Reduce -1.4% | 1.45% | +0.11 |
| TOL Toll Brothers Inc. | Reduce -0.9% | 1.31% | +0.17 |
| SNX TD Synnex Corp. | Reduce -3.0% | 1.59% | +0.18 |
| DHI D.R. Horton Inc. | Reduce -9.4% | 1.41% | +0.18 |
| EXPE Expedia Group Inc. | Reduce -5.0% | 1.43% | +0.19 |
| GHC Graham Holdings Co. Class B | Reduce -0.7% | 1.51% | +0.24 |
| AAPL Apple Inc. | Reduce -1.1% | 1.99% | +0.30 |
Portfolio Buys Q2 2025 → Q3 2025
| BHB Bar Harbor Bankshares | New | 1.23% | +1.23 |
| NSIT Insight Enterprises Inc. | New | 1.18% | +1.18 |
| ABBV Abbvie Inc. | Add +23.6% | 1.49% | +0.48 |
| TTAM Titan America SA | New | 0.29% | +0.29 |
| FAF First American Financial | Add +22.6% | 1.32% | +0.25 |
| SMP Standard Motor Prods | New | 0.22% | +0.22 |
| OMC Omnicom Group | Add +13.3% | 1.12% | +0.21 |
| KBR KBR Inc. | Add +23.8% | 1.31% | +0.19 |
| MNR Mach Natural Resources LP | New | 0.15% | +0.15 |
| FR First Industrial Realty TR | Add +6.9% | 1.29% | +0.12 |
| EXP Eagle Materials Inc. | Add +0.2% | 1.15% | +0.11 |
| NXST Nexstar Media Group Inc. | Add +0.1% | 1.22% | +0.11 |
| SNA Snap-on Inc. | Add +0.3% | 1.20% | +0.08 |
| TXT Textron Inc. | Add +4.3% | 1.43% | +0.07 |
| CAC Camden National Corp. | Add +13.4% | 1.29% | +0.04 |
| THG Hanover Insurance Group Inc./ | Add +0.0% | 1.30% | +0.03 |
| RNR Renaissancere Holdings Ltd. | Add +2.1% | 1.24% | +0.03 |
| HIG Hartford Insurance Group Inc. | Add +0.9% | 1.28% | +0.02 |
| STLD Steel Dynamics Inc. | Add +4.0% | 0.21% | +0.02 |
| NICE Nice Ltd. - Spon ADR | Add +22.7% | 1.22% | +0.01 |
| WRB WR Berkley Corp. | Add +0.2% | 1.42% | +0.00 |
| FANG Diamondback Energy Inc. | Add +0.2% | 1.02% | +0.00 |
| DOX Amdocs Ltd. | Add +15.6% | 1.34% | −0.00 |
| ANF Abercrombie & Fitch Co. Class A | Add +0.1% | 0.51% | −0.00 |
| EG Everest Group Ltd. | Add +0.2% | 1.13% | −0.01 |
| PUBGY Publicis Groupe-ADR | Add +16.6% | 1.29% | −0.01 |
| CBT Cabot Corp. | Add +0.2% | 1.11% | −0.03 |
| GBDC Golub Capital BDC Inc. | Add +0.9% | 0.38% | −0.04 |
| CB Chubb Ltd. | Add +0.1% | 1.20% | −0.08 |
| FISV Fiserv Inc. | Add +30.6% | 1.30% | −0.09 |
| ARCC Ares Capital Corp. | Add +2.0% | 1.21% | −0.12 |
| ITRN Ituran Location and Control | Add +0.7% | 1.20% | −0.15 |
| INGR Ingredion Inc. | Add +0.1% | 1.16% | −0.18 |
| BXSL Blackstone Secured Lending F | Add +4.2% | 1.10% | −0.20 |
| PRGS Progress Software Corp. | Add +0.3% | 0.87% | −0.44 |
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 |