# DELPHI MANAGEMENT INC /MA/

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 767684. Source: https://holderbook.com/funds/767684-delphi-management-inc-ma/

- Reported value: $102.3M
- Positions: 83
- Weight of the ten largest: 18.9%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.3M | 8,060 | 2.3% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.2M | 4,381 | 2.1% | 22 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.2M | 2,984 | 2.1% | 22 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.0M | 6,775 | 2.0% | 22 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.0M | 4,609 | 2.0% | 6 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $2.0M | 4,584 | 1.9% | 8 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $1.8M | 40,926 | 1.8% | 5 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $1.6M | 4,159 | 1.6% | 17 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $1.6M | 5,682 | 1.6% | 6 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $1.5M | 6,021 | 1.5% | 12 |
| SANMINA CORP | [SANM](https://holderbook.com/stocks/SANM/) | $1.5M | 5,970 | 1.5% | 13 |
| CHEESECAKE FACTORY INC | [CAKE](https://holderbook.com/stocks/CAKE/) | $1.5M | 18,892 | 1.5% | 13 |
| HANOVER INS GROUP INC | [THG](https://holderbook.com/stocks/THG/) | $1.5M | 6,996 | 1.5% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.5M | 5,911 | 1.5% | 22 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $1.5M | 6,953 | 1.5% | 22 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $1.5M | 6,179 | 1.4% | 3 |
| AZZ INC | [AZZ](https://holderbook.com/stocks/AZZ/) | $1.5M | 9,472 | 1.4% | 11 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $1.5M | 4,633 | 1.4% | 10 |
| CAMDEN NATL CORP | [CAC](https://holderbook.com/stocks/CAC/) | $1.5M | 26,845 | 1.4% | 6 |
| SANDOZ GROUP AG | [SDZNY](https://holderbook.com/stocks/SDZNY/) | $1.5M | 16,081 | 1.4% | 9 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.5M | 6,942 | 1.4% | 22 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $1.4M | 5,414 | 1.4% | 22 |
| ATLANTA BRAVES HLDGS INC | [BATRK](https://holderbook.com/stocks/BATRK/) | $1.4M | 27,542 | 1.4% | 12 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.4M | 4,145 | 1.4% | 22 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $1.4M | 6,217 | 1.4% | 13 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.4M | 23,156 | 1.4% | 5 |
| ITURAN LOCATION AND CONTROL | [ITRN](https://holderbook.com/stocks/ITRN/) | $1.4M | 22,874 | 1.4% | 17 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $1.4M | 7,751 | 1.4% | 18 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.4M | 4,191 | 1.4% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.4M | 4,211 | 1.3% | 22 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $1.4M | 10,329 | 1.3% | 5 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.4M | 1,351 | 1.3% | 22 |
| TERRENO RLTY CORP | [TRNO](https://holderbook.com/stocks/TRNO/) | $1.4M | 20,953 | 1.3% | 3 |
| BAR HBR BANKSHARES | [BHB](https://holderbook.com/stocks/BHB/) | $1.4M | 35,844 | 1.3% | 4 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $1.4M | 4,361 | 1.3% | 2 |
| AXIS CAP HLDGS LTD | [AXS](https://holderbook.com/stocks/AXS/) | $1.3M | 12,497 | 1.3% | 2 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $1.3M | 3,965 | 1.3% | 1 |
| STANDARD MTR PRODS INC | [SMP](https://holderbook.com/stocks/SMP/) | $1.3M | 34,279 | 1.3% | 4 |
| FIRST INDL RLTY TR INC | [FR](https://holderbook.com/stocks/FR/) | $1.3M | 21,780 | 1.3% | 5 |
| GRAHAM HLDGS CO | [GHC](https://holderbook.com/stocks/GHC/) | $1.3M | 1,162 | 1.3% | 18 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $1.3M | 3,710 | 1.3% | 12 |
| RALPH LAUREN CORP | [RL](https://holderbook.com/stocks/RL/) | $1.3M | 3,291 | 1.3% | 13 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $1.3M | 34,708 | 1.3% | 22 |
| TEXTRON INC | [TXT](https://holderbook.com/stocks/TXT/) | $1.3M | 14,394 | 1.3% | 13 |
| UNITY BANCORP INC | [UNTY](https://holderbook.com/stocks/UNTY/) | $1.3M | 22,426 | 1.3% | 7 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $1.3M | 29,056 | 1.3% | 1 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $1.3M | 7,915 | 1.3% | 12 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $1.3M | 11,499 | 1.3% | 3 |
| STIFEL FINL CORP | [SF](https://holderbook.com/stocks/SF/) | $1.3M | 18,245 | 1.2% | 13 |
| ACADEMY SPORTS & OUTDOORS IN | [ASO](https://holderbook.com/stocks/ASO/) | $1.3M | 26,879 | 1.2% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $1.3M | 7,982 | 1.2% | 18 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $1.2M | 5,442 | 1.2% | 5 |
| FIRST AMERN FINL CORP | [FAF](https://holderbook.com/stocks/FAF/) | $1.2M | 18,202 | 1.2% | 5 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $1.2M | 8,489 | 1.2% | 18 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $1.2M | 7,612 | 1.2% | 14 |
| URBAN OUTFITTERS INC | [URBN](https://holderbook.com/stocks/URBN/) | $1.2M | 17,234 | 1.2% | 5 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.2M | 3,600 | 1.2% | 12 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.2M | 12,432 | 1.2% | 11 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $1.2M | 2,917 | 1.1% | 15 |
| AMENTUM HOLDINGS INC | [AMTM](https://holderbook.com/stocks/AMTM/) | $1.1M | 55,469 | 1.1% | 3 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $1.1M | 14,418 | 1.1% | 6 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $1.1M | 15,679 | 1.1% | 13 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $1.1M | 68,080 | 1.1% | 22 |
| Publicis Groupe SA | [PUBGY](https://holderbook.com/stocks/PUBGY/) | $1.1M | 44,770 | 1.0% | 7 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $1.1M | 8,225 | 1.0% | 16 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $1.0M | 323 | 1.0% | 18 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $1.0M | 42,766 | 1.0% | 14 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $996.0K | 16,050 | 1.0% | 10 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $983.0K | 53,060 | 1.0% | 22 |
| COMMERCIAL METALS CO | [CMC](https://holderbook.com/stocks/CMC/) | $928.0K | 14,783 | 0.9% | 2 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $699.0K | 6,169 | 0.7% | 9 |
| BRADY CORP | [BRC](https://holderbook.com/stocks/BRC/) | $657.0K | 7,180 | 0.6% | 1 |
| MITEK SYS INC | [MITK](https://holderbook.com/stocks/MITK/) | $540.0K | 26,820 | 0.5% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $497.0K | 6,350 | 0.5% | 1 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $368.0K | 5,051 | 0.4% | 9 |
| CHIPMOS TECHNOLOGIES INC | [IMOS](https://holderbook.com/stocks/IMOS/) | $367.0K | 5,715 | 0.4% | 2 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $352.0K | 7,960 | 0.3% | 1 |
| ARROW FINL CORP | [AROW](https://holderbook.com/stocks/AROW/) | $351.0K | 8,555 | 0.3% | 2 |
| ABERCROMBIE & FITCH CO | [ANF](https://holderbook.com/stocks/ANF/) | $338.0K | 3,760 | 0.3% | 6 |
| Lenovo Group Ltd | [LNVGY](https://holderbook.com/stocks/LNVGY/) | $255.0K | 4,309 | 0.2% | 1 |
| BRISTOW GROUP INC | [VTOL](https://holderbook.com/stocks/VTOL/) | $211.0K | 5,115 | 0.2% | 1 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $201.0K | 15,637 | 0.2% | 18 |
| TITAN AMER SA | [TTAM](https://holderbook.com/stocks/TTAM/) | $193.0K | 10,345 | 0.2% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +22.0% | +14.8% | +7.1% | 100% |
| Q1 2026 | +0.9% | -4.6% | +5.5% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.6% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +7.5% | +10.5% | -3.0% | 100% |
| Q1 2025 | -3.3% | -4.6% | +1.2% | 100% |
| Q4 2024 | -1.6% | +2.1% | -3.7% | 100% |
| Q3 2024 | +7.2% | +5.4% | +1.8% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $102.3M | 83 |
| Q1 2026 | $83.6M | 79 |
| Q4 2025 | $102.7M | 76 |
| Q3 2025 | $107.8M | 81 |
| Q2 2025 | $103.5M | 80 |
| Q1 2025 | $98.1M | 78 |
| Q4 2024 | $103.5M | 79 |
| Q3 2024 | $110.1M | 89 |
| Q2 2024 | $122.7M | 80 |
| Q1 2024 | $128.9M | 84 |
| Q4 2023 | $108.8M | 81 |
| Q3 2023 | $97.6M | 80 |