Delphi Management
Scott Black
Period
Q1 2026
Portfolio Date
Mar 31, 2026
Stocks Held
78
Market Value
$82.3M
Portfolio Analysis
AIPreviewI. Institutional Overview
The latest institutional disclosure for the first quarter of 2026 provides a transparent window into the strategic mind of Scott Black and his team at Delphi Management. As a boutique investment firm with a reported portfolio market value of approximately $82.25 million, Delphi Management operates with a level of agility and focus that is often lost in...
Analyzing the current state of the portfolio reveals a sophisticated "psychological portrait" of the institution. With 78 distinct holdings, the firm maintains a diversified yet calculated approach. For a fund of this size, 78 stocks suggest that the management team is not merely placing a few concentrated bets but is instead building a broad-based...
The total portfolio market value of $82.25 million reflects a firm that is comfortably situated in the boutique space. This scale allows Delphi Management to invest in small and mid-cap companies that would be "un-investable" for larger institutions due to liquidity constraints. By operating in this niche, Scott Black can uncover value in corners of the...
Based on the latest available 13F filing.
Open full report in appHoldings Value Trend
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Top 5 Holdings
$AAPL
Apple Inc.
2.5%
% of Portfolio
$BRK.B
Berkshire Hathaway Inc.
2.3%
% of Portfolio
$NFG
National Fuel Gas Company
1.8%
% of Portfolio
$EOG
EOG Resources, Inc.
1.8%
% of Portfolio
$DELL
Dell Technologies Inc.
1.8%
% of Portfolio
Historical Positions
| Symbol | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| AAPL | 2.5% | 2.1% | 2.0% | 1.7% |
| BRK.B | 2.3% | 2.5% | 2.4% | 2.6% |
| NFG | 1.8% | - | 1.5% | - |
| EOG | 1.8% | - | - | - |
| DELL | 1.8% | - | - | - |
| SNX | 1.6% | - | 1.6% | - |
| LH | 1.6% | - | - | - |
| CAC | 1.6% | - | - | - |
| JBL | 1.6% | - | - | 1.7% |
| CB | 1.5% | 1.6% | - | - |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
Sector Analysis
All Holdings
$AAPL
2.5%
$BRK.B
2.3%
$NFG
1.8%
$EOG
1.8%
$DELL
1.8%
$SNX
1.6%
$LH
1.6%
$CAC
1.6%
$JBL
1.6%
$CB
1.5%
$ASX
1.5%
$FLEX
1.5%
$ITRN
1.5%
$OTC-SDZNY
1.5%
$ARW
1.5%
$AZZ
1.5%
$RNR
1.5%
$FR
1.5%
$GHC
1.5%
$MTB
1.5%
$NVS
1.5%
$AMAT
1.5%
$THG
1.5%
$TPR
1.4%
$TRV
1.4%
$ASO
1.4%
$TXT
1.4%
$USB
1.4%
$INGR
1.4%
$TRNO
1.4%
$UNTY
1.4%
$HIG
1.4%
$BHB
1.4%
$CCK
1.4%
$ABBV
1.4%
$STLD
1.4%
$CAKE
1.4%
$KLAC
1.4%
$MS
1.4%
$RL
1.4%
$STAG
1.4%
$LRCX
1.3%
$GS
1.3%
$JPM
1.3%
$FAF
1.3%
$URBN
1.3%
$AXS
1.3%
$EXPE
1.3%
$TOL
1.3%
$SF
1.3%