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Livermore
Livermore
ZHEN

Delphi Management Inc

SEC CIK
0000767684
Latest filing
Jul 31, 2026

The latest 13F from Delphi Management Inc covers Q2 2026 (filed Jul 31, 2026): 83 long positions worth $102.3M. The top 10 holdings make up 18.9% of the portfolio, and the largest is Apple Inc. (AAPL) at 2.3%. Livermore has 18 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$4.63M
Added
43
Est. +$6.52M
Reduced
30
Est. −$8.77M
Sold out
3
Est. −$2.56M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    2.3%$2.33MHistory
  2. BRK.BBerkshire Hathaway Inc
    2.1%$2.19MHistory
  3. AMATApplied Materials Inc
    2.1%$2.16MHistory
  4. KLACKLA Corp
    2.0%$2.04MHistory
  5. LRCXLam Research Corp
    2.0%$2.00MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AMGAffiliated Managers Group, Inc.
    +$1.34MNewHistory
  2. HPEHewlett Packard Enterprise Co
    +$1.31MNewHistory
  3. JLLJones Lang Lasalle Inc
    +$770.7KAddedHistory
  4. BRCBrady Corp
    +$657.0KNewHistory
  5. CMCCommercial Metals Co
    +$645.5KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AMGAffiliated Managers Group, Inc.
    +1.31 pp0.0% → 1.3%History
  2. HPEHewlett Packard Enterprise Co
    +1.28 pp0.0% → 1.3%History
  3. BRCBrady Corp
    +0.64 pp0.0% → 0.6%History
  4. JLLJones Lang Lasalle Inc
    +0.64 pp0.7% → 1.3%History
  5. CMCCommercial Metals Co
    +0.58 pp0.3% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FLEXFlex Ltd.
    −$1.92MReducedHistory
  2. DELLDell Technologies Inc.
    −$1.89MReducedHistory
  3. INGRIngredion Inc
    −$1.17MSold outHistory
  4. LDOSLeidos Holdings, Inc.
    −$976.0KSold outHistory
  5. ASXASE Technology Holding Co., Ltd.
    −$810.6KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. INGRIngredion Inc
    −1.39 pp1.4% → 0.0%History
  2. LDOSLeidos Holdings, Inc.
    −1.17 pp1.2% → 0.0%History
  3. EOGEOG Resources Inc
    −0.72 pp1.8% → 1.0%History
  4. NFGNational Fuel Gas Co
    −0.70 pp1.8% → 1.1%History
  5. IIINInsteel Industries Inc
    −0.50 pp0.5% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$102.3M
+$18.7M (+22.4%) vs. prior quarter
Positions
83
+4 vs. prior quarter
Top 10 concentration
18.9%
Top 10 as share of value
Turnover
12.0%
Q2 2026, one quarter
Average holding period
9.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

18 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $128.9M (Q1 2024)

Q1 2021: $94.2MQ2 2021: $104.8MQ3 2021: $97.2MQ4 2021: $106.2MQ4 2022: $82.7MQ2 2023: $94.9MQ3 2023: $97.6MQ4 2023: $108.8MQ1 2024: $128.9MQ2 2024: $122.7MQ3 2024: $110.1MQ4 2024: $103.5MQ1 2025: $98.1MQ2 2025: $103.5MQ3 2025: $107.8MQ4 2025: $102.7MQ1 2026: $83.6MQ2 2026: $102.3M
Q1 2021Q2 2026
13F filings of Delphi Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 202683$102.3MAAPLBRK.BAMATvs. Q1 2026SEC
Q1 2026Apr 20, 202679$83.6MAAPLBRK.BNFGvs. Q4 2025SEC
Q4 2025Jan 21, 202676$102.7MBRK.BAAPLEXPEvs. Q3 2025SEC
Q3 2025Oct 15, 202581$107.8MBRK.BAAPLKLACvs. Q2 2025SEC
Q2 2025Jul 7, 202580$103.5MBRK.BJBLAAPLvs. Q1 2025SEC
Q1 2025Apr 8, 202578$98.1MBRK.BAAPLWRBvs. Q4 2024SEC
Q4 2024Feb 10, 202579$103.5MBRK.BAAPLEXPEvs. Q3 2024SEC
Q3 2024Feb 10, 202589$110.1MBRK.BAAPLPRGSvs. Q2 2024SEC
Q2 2024Aug 26, 202480$122.7MBRK.BAAPLIRMvs. Q1 2024SEC
Q1 2024May 21, 202484$128.9MBRK.BAAPLFANGvs. Q4 2023SEC
Q4 2023May 20, 202481$108.8MBRK.BAAPLCMCSAvs. Q3 2023SEC
Q3 2023Jan 25, 202480$97.6MWRBBRK.BAAPLvs. Q2 2023SEC
Q2 2023Aug 28, 202382$94.9MAAPLBRK.BJBL–SEC
Q4 2022Jul 11, 202377$82.7MBRK.BAAPLDHI–SEC
Q4 2021Feb 15, 202295$106.2MAAPLBRK.BMUvs. Q3 2021SEC
Q3 2021Nov 15, 2021102$97.2MBRK.BAAPLWFGvs. Q2 2021SEC
Q2 2021Aug 16, 2021105$104.8MBRK.BAAPLMUvs. Q1 2021SEC
Q1 2021May 14, 202187$94.2MAAPLBRK.BEG–SEC