DELPHI FINANCIAL GROUP, INC. — 13F Holdings & Portfolio
CIK 859139 · latest 13F-HR filed 2026-05-13
DELPHI FINANCIAL GROUP, INC. manages $221.6M in 13F-reported U.S. long-equity assets across 32 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are JAAA (14.70%), ET (12.38%), ASHR (8.69%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 8 new positions, exited 4, added to 11, and trimmed 9.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$221.6M
Long-equity book
32
Distinct positions
2026-03-31
Filed 2026-05-13
+8 / −4 / ↑11 / ↓9
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ELLINGTON FINANCIAL INC$6.9M +70.3%
- ENERGY TRANSFER LP$4.0M +17.0%
- WALMART INC$2.3M +36.1%
- CHENIERE ENERGY INC$2.3M +46.0%
- TSMC$1.6M +11.2%
Top Trims
- JANUS HENDERSON AAA CLO ETF-$10.3M -23.9%
- MICROSOFT CORP-$1.2M -23.5%
- ISHARES CHINA LARGE-CAP ETF-$1.1M -6.2%
- AEROVIRONMENT INC-$711.1K -24.3%
- OXFORD LANE CAP CORP-$704.8K -33.2%
New Positions
- RITHM CAPITAL CORP$10.2M
- ALPHABET INC$4.3M
- HUT 8 CORP$2.0M
- TERAWULF INC$1.9M
- CIPHER DIGITAL INC$1.8M
Exited Positions
- UNITEDHEALTH GROUP INC$2.7M
- TWO HARBORS INV CORP$1.5M
- MFA FINL INC$1.3M
- JANUS DETROIT STR TR$1.2M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | JANUS HENDERSON AAA CLO ETF | JAAA | 47103U845 | $32.6M | 14.70% | 646,695 | SH |
| 2 | ENERGY TRANSFER LP | ET | 29273V100 | $27.4M | 12.38% | 1,421,945 | SH |
| 3 | XTRACKERS HARVEST CSI 300 CHI | ASHR | 233051879 | $19.3M | 8.69% | 590,280 | SH |
| 4 | ISHARES CHINA LARGE-CAP ETF | FXI | 464287184 | $17.1M | 7.72% | 476,390 | SH |
| 5 | ELLINGTON FINANCIAL INC | EFC | 28852N109 | $16.7M | 7.53% | 1,408,396 | SH |
| 6 | TSMC | TSM | 874039100 | $16.2M | 7.29% | 47,830 | SH |
| 7 | VANGUARD TOTAL STOCK MARKET E | VTI | 922908769 | $13.3M | 5.99% | 41,400 | SH |
| 8 | RITHM CAPITAL CORP | RITM | 64828T201 | $10.2M | 4.62% | 1,081,000 | SH |
| 9 | WALMART INC | WMT | 931142103 | $8.6M | 3.88% | 69,260 | SH |
| 10 | CHENIERE ENERGY INC | LNG | 16411R208 | $7.2M | 3.23% | 25,220 | SH |
| 11 | AMAZON.COM INC | AMZN | 023135106 | $5.0M | 2.26% | 24,000 | SH |
| 12 | KARMAN HOLDINGS INC | KRMN | 485924104 | $4.4M | 1.97% | 54,645 | SH |
| 13 | ALPHABET INC | GOOGL | 02079K305 | $4.3M | 1.95% | 15,000 | SH |
| 14 | EXPAND ENERGY CORP | EXE | 165167735 | $4.0M | 1.82% | 36,720 | SH |
| 15 | MICROSOFT CORP | MSFT | 594918104 | $4.0M | 1.80% | 10,800 | SH |
| 16 | UNITED PARCEL SERVICE INC | UPS | 911312106 | $3.6M | 1.62% | 36,535 | SH |
| 17 | KRATOS DEFENSE & SECURITY SOL | KTOS | 50077B207 | $3.1M | 1.40% | 44,030 | SH |
| 18 | CAESARS ENTERTAINMENT INC | CZR | 12769G100 | $3.1M | 1.39% | 116,890 | SH |
| 19 | ELLINGTON CREDIT CO | EARN | 288578107 | $2.7M | 1.22% | 608,700 | SH |
| 20 | AEROVIRONMENT INC | AVAV | 008073108 | $2.2M | 1.00% | 12,085 | SH |
| 21 | SIXTH STREET SPECIALTY LENDI | TSLX | 83012A109 | $2.1M | 0.96% | 116,141 | SH |
| 22 | HUT 8 CORP | HUT | 44812J104 | $2.0M | 0.91% | 42,900 | SH |
| 23 | BLACKSTONE MORTGAGE TR | BXMT | 09257WAE0 | $2.0M | 0.89% | 2,000,000 | PRN |
| 24 | TERAWULF INC | WULF | 88080T104 | $1.9M | 0.85% | 130,720 | SH |
| 25 | CIPHER DIGITAL INC | CIFR | 17253J106 | $1.8M | 0.82% | 140,845 | SH |
| 26 | ARES COML REAL ESTATE CORP | ACRE | 04013V108 | $1.6M | 0.73% | 334,937 | SH |
| 27 | OXFORD LANE CAP CORP | OXLC | 691543847 | $1.4M | 0.64% | 145,030 | SH |
| 28 | ARES CAPITAL CORP | ARCC | 04010L103 | $1.4M | 0.63% | 77,000 | SH |
| 29 | ISHARES TR | IEF | 464287440 | $1.1M | 0.51% | 11,900 | SH |
| 30 | CCC INTELLIGENT SOLUTIONS HL | CCC | 12510Q100 | $459.2K | 0.21% | 76,529 | SH |
| 31 | LADDER CAP CORP | LADR | 505743104 | $439.6K | 0.20% | 45,000 | SH |
| 32 | GOLDMAN SACHS BDC INC | GSBD | 38147U107 | $418.9K | 0.19% | 47,177 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $221.6M | 32 | 0001193125-26-220537 |
| 2025-12-31 | 2026-02-11 | $200.3M | 28 | 0001193125-26-045693 |
| 2025-09-30 | 2025-11-14 | $177.8M | 23 | 0001193125-25-281563 |