# EDGAR Filing Document

**Accession Number:** 0000767684
**File Stem:** 0000767684-25-000009
**Filing Date:** 2025-10
**Character Count:** 11117
**Document Hash:** 82980d5ef64de8624a477ec7f512059d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000767684-25-000009.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0000767684-25-000009

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**EFFECTIVENESS DATE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELPHI MANAGEMENT INC /MA/
- **CENTRAL INDEX KEY:** 0000767684

**ORGANIZATION NAME:**
- **EIN:** 042776276
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01488
- **FILM NUMBER:** 251393925

**BUSINESS ADDRESS:**
- **STREET 1:** 9 SEARS RD
- **CITY:** BROOKLINE
- **STATE:** MA
- **ZIP:** 02445
- **BUSINESS PHONE:** 6177389424

**MAIL ADDRESS:**
- **STREET 1:** 9 SEARS RD
- **CITY:** BROOKLINE
- **STATE:** MA
- **ZIP:** 02445

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DELPHI MANAGEMENT INC /MA/<br>**Address:** 9 SEARS RD<br>BROOKLINE, MA 02445

**Form 13F File Number:** 028-01488

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Colin Mansfield<br>**Title:** Senior Analyst<br>**Phone:** 9782230687

**Signature, Place, and Date of Signing:**

Colin Mansfield  Medford, MA  10-15-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 81

**Form 13F Information Table Value Total:** $107797

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 1605 | 6930 | SH |  | SOLE | 0 | 6930 | 0 | 0 |
| ABERCROMBIE AND FITCH CO | CL A | 002896207 |  | 553 | 6466 | SH |  | SOLE | 0 | 6466 | 0 | 0 |
| AMDOCS LTD. | SHS | G02602103 |  | 1446 | 17624 | SH |  | SOLE | 0 | 17624 | 0 | 0 |
| AMERICAN EXPRESS | COM | 025816109 |  | 1542 | 4641 | SH |  | SOLE | 0 | 4641 | 0 | 0 |
| APPLE | COM | 037833100 |  | 2142 | 8412 | SH |  | SOLE | 0 | 8412 | 0 | 0 |
| APPLIED MATLS INC COM | COM | 038222105 |  | 1663 | 8121 | SH |  | SOLE | 0 | 8121 | 0 | 0 |
| ARES CAPITAL CORPORATION | COM | 04010L103 |  | 1305 | 63955 | SH |  | SOLE | 0 | 63955 | 0 | 0 |
| ARROW ELECTRS INC COM | COM | 042735100 |  | 1197 | 9894 | SH |  | SOLE | 0 | 9894 | 0 | 0 |
| ASE TECHNOLOGIES CORP | ADR | 00215W100 |  | 1459 | 131553 | SH |  | SOLE | 0 | 131553 | 0 | 0 |
| ATLANTA BRAVES HOLDINGS INC | SER C | 047726302 |  | 1255 | 30169 | SH |  | SOLE | 0 | 30169 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 1111 | 259 | SH |  | SOLE | 0 | 259 | 0 | 0 |
| AZZ INC | COM | 002474104 |  | 1552 | 14223 | SH |  | SOLE | 0 | 14223 | 0 | 0 |
| BAR HARBOR BANKSHARES INC | COM | 066849100 |  | 1322 | 43395 | SH |  | SOLE | 0 | 43395 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1529 | 19952 | SH |  | SOLE | 0 | 19952 | 0 | 0 |
| BERKSHIRE HATHAWAY INC CL B | CL B | 084670702 |  | 2600 | 5171 | SH |  | SOLE | 0 | 5171 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COM | 09261X102 |  | 1187 | 45518 | SH |  | SOLE | 0 | 45518 | 0 | 0 |
| CABOT CORP | COM | 127055101 |  | 1195 | 15714 | SH |  | SOLE | 0 | 15714 | 0 | 0 |
| CAMDEN NATIONAL CORP | COM | 133034108 |  | 1391 | 36035 | SH |  | SOLE | 0 | 36035 | 0 | 0 |
| CHEESECAKE FACTORY INC | COM | 163072101 |  | 1246 | 22807 | SH |  | SOLE | 0 | 22807 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 1292 | 4576 | SH |  | SOLE | 0 | 4576 | 0 | 0 |
| D R HORTON INC COM | COM | 23331A109 |  | 1520 | 8972 | SH |  | SOLE | 0 | 8972 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1526 | 10767 | SH |  | SOLE | 0 | 10767 | 0 | 0 |
| DIAMONDBACK ENERGY | COM | 25278X109 |  | 1103 | 7706 | SH |  | SOLE | 0 | 7706 | 0 | 0 |
| DISNEY WALT CO COM | COM | 254687106 |  | 1423 | 12428 | SH |  | SOLE | 0 | 12428 | 0 | 0 |
| EAGLE MATERIALS INC | COM | 26969P108 |  | 1244 | 5336 | SH |  | SOLE | 0 | 5336 | 0 | 0 |
| EOG RESOURCES | COM | 26875P101 |  | 1100 | 9814 | SH |  | SOLE | 0 | 9814 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 1214 | 3465 | SH |  | SOLE | 0 | 3465 | 0 | 0 |
| EXPEDIA GROUP INC | COM | 30212P303 |  | 1539 | 7202 | SH |  | SOLE | 0 | 7202 | 0 | 0 |
| FIRST AMERICAN FINANCIAL CORP | COM | 31847R102 |  | 1427 | 22219 | SH |  | SOLE | 0 | 22219 | 0 | 0 |
| FIRST INDUSTRIAL REALTY TRUST | COM | 32054K103 |  | 1395 | 27099 | SH |  | SOLE | 0 | 27099 | 0 | 0 |
| FISERV INC. | COM | 337738108 |  | 1398 | 10843 | SH |  | SOLE | 0 | 10843 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 1578 | 27224 | SH |  | SOLE | 0 | 27224 | 0 | 0 |
| GOLDMAN SACHS | COM | 38141G104 |  | 1625 | 2040 | SH |  | SOLE | 0 | 2040 | 0 | 0 |
| GOLUB CAPITAL BDC | COM | 38173M102 |  | 413 | 30157 | SH |  | SOLE | 0 | 30157 | 0 | 0 |
| GRAHAM HOLDINGS LTD | CL B | 384637104 |  | 1628 | 1383 | SH |  | SOLE | 0 | 1383 | 0 | 0 |
| HANOVER GROUP INSURANCE | COM | 410867105 |  | 1399 | 7701 | SH |  | SOLE | 0 | 7701 | 0 | 0 |
| HARTFORD INSURANCE GROUP | COM | 416515104 |  | 1382 | 10362 | SH |  | SOLE | 0 | 10362 | 0 | 0 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 1412 | 74694 | SH |  | SOLE | 0 | 74694 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 584 | 6887 | SH |  | SOLE | 0 | 6887 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 1249 | 10228 | SH |  | SOLE | 0 | 10228 | 0 | 0 |
| INSIGHT ENTERPRISES | COM | 45765U103 |  | 1274 | 11230 | SH |  | SOLE | 0 | 11230 | 0 | 0 |
| ITURAN LOCATION AND CONTROL LTD. | SHS | M6158M104 |  | 1297 | 36301 | SH |  | SOLE | 0 | 36301 | 0 | 0 |
| JABIL CIRCUIT INC. | COM | 466313103 |  | 1533 | 7057 | SH |  | SOLE | 0 | 7057 | 0 | 0 |
| JANUS HENDERSON | SHS | G4474Y214 |  | 1539 | 34584 | SH |  | SOLE | 0 | 34584 | 0 | 0 |
| JP MORGAN CHASE AND CO | COM | 46625H100 |  | 1580 | 5009 | SH |  | SOLE | 0 | 5009 | 0 | 0 |
| KBR INC | COM | 48242W106 |  | 1411 | 29843 | SH |  | SOLE | 0 | 29843 | 0 | 0 |
| KLA CORP COM | COM | 482480100 |  | 1748 | 1621 | SH |  | SOLE | 0 | 1621 | 0 | 0 |
| LABORATORY CORP. OF AMERICA | SHS | 504922105 |  | 1525 | 5314 | SH |  | SOLE | 0 | 5314 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807306 |  | 1675 | 12513 | SH |  | SOLE | 0 | 12513 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1591 | 8418 | SH |  | SOLE | 0 | 8418 | 0 | 0 |
| LENNAR CORP CL A | CL A | 526057104 |  | 1337 | 10605 | SH |  | SOLE | 0 | 10605 | 0 | 0 |
| MACH NATURAL RESOURCES LP | COM | 55445L100 |  | 161 | 12240 | SH |  | SOLE | 0 | 12240 | 0 | 0 |
| MATADOR RESOURCE CO | COM | 576485205 |  | 1000 | 22260 | SH |  | SOLE | 0 | 22260 | 0 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 1583 | 9961 | SH |  | SOLE | 0 | 9961 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 1607 | 17397 | SH |  | SOLE | 0 | 17397 | 0 | 0 |
| NEXSTAR MEDIA | COM | 65336K103 |  | 1318 | 6664 | SH |  | SOLE | 0 | 6664 | 0 | 0 |
| NICE LTD SPONSORED ADR | ADR | 653656108 |  | 1312 | 9065 | SH |  | SOLE | 0 | 9065 | 0 | 0 |
| NOVARTIS | ADR | 66987V109 |  | 1547 | 12064 | SH |  | SOLE | 0 | 12064 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 1204 | 14770 | SH |  | SOLE | 0 | 14770 | 0 | 0 |
| ORACLE | COM | 68389X105 |  | 1421 | 5054 | SH |  | SOLE | 0 | 5054 | 0 | 0 |
| PROGRESS SOFTWARE CORP | COM | 743312100 |  | 936 | 21296 | SH |  | SOLE | 0 | 21296 | 0 | 0 |
| PUBLICIS GROUPE | ADR | 74463M106 |  | 1391 | 57689 | SH |  | SOLE | 0 | 57689 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 1558 | 4968 | SH |  | SOLE | 0 | 4968 | 0 | 0 |
| RENAISSANCE RE HLDGS COM | COM | G7496G103 |  | 1342 | 5285 | SH |  | SOLE | 0 | 5285 | 0 | 0 |
| REV GROUP INC | COM | 749527107 |  | 1344 | 23720 | SH |  | SOLE | 0 | 23720 | 0 | 0 |
| SANDOZ GROUP AG SPONSORED ADS | ADR | 799926100 |  | 1454 | 24387 | SH |  | SOLE | 0 | 24387 | 0 | 0 |
| SANMINA CORP | COM | 801056102 |  | 1510 | 13119 | SH |  | SOLE | 0 | 13119 | 0 | 0 |
| SNAP-ON INC | COM | 833034101 |  | 1293 | 3731 | SH |  | SOLE | 0 | 3731 | 0 | 0 |
| SS AND C TECHNOLOGIES HOLDINGS INC | COM | 78467J100 |  | 1533 | 17272 | SH |  | SOLE | 0 | 17272 | 0 | 0 |
| STAG INDUSTRIAL | COM | 85254J102 |  | 1376 | 39003 | SH |  | SOLE | 0 | 39003 | 0 | 0 |
| STANDARD MOTOR PRODUCTS INC | COM | 853666105 |  | 233 | 5717 | SH |  | SOLE | 0 | 5717 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 228 | 1635 | SH |  | SOLE | 0 | 1635 | 0 | 0 |
| STIFEL FINANCIAL | COM | 860630102 |  | 1454 | 12815 | SH |  | SOLE | 0 | 12815 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1587 | 14018 | SH |  | SOLE | 0 | 14018 | 0 | 0 |
| TD SYNNEX CORP | COM | 87162W100 |  | 1717 | 10486 | SH |  | SOLE | 0 | 10486 | 0 | 0 |
| TEXTRON INC. | COM | 883203101 |  | 1544 | 18279 | SH |  | SOLE | 0 | 18279 | 0 | 0 |
| TITAN AMERICA SA | COM | B9151N105 |  | 315 | 21075 | SH |  | SOLE | 0 | 21075 | 0 | 0 |
| TOLL BROTHERS INC COM | COM | 889478103 |  | 1408 | 10195 | SH |  | SOLE | 0 | 10195 | 0 | 0 |
| UNITY BANCORP INC | COM | 913290102 |  | 1416 | 28965 | SH |  | SOLE | 0 | 28965 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 298 | 4175 | SH |  | SOLE | 0 | 4175 | 0 | 0 |
| US BANCORP DEL COM | COM | 902973304 |  | 1446 | 29911 | SH |  | SOLE | 0 | 29911 | 0 | 0 |

---