1y return+6.8%S&P 500 +20.9%
3y return+41.8%S&P 500 +68.5%
5y return+31.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $238 against $290 in the S&P 500.2
Delphi Financial Group, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| ASHRXtrackers Harvest Csi 300 Chi | $36.4M | 18.2% | +68.2% |
| ETEnergy Transfer LP | $27.2M | 13.6% | |
| VTIVanguard Total Stock Market E | $25.5M | 12.7% | +66.4% |
| EFCEllington Financial Inc | $19.2M | 9.6% | |
| TSMTsmc | $15.1M | 7.5% | −34.0% |
| JAAAJanus Henderson Aaa Clo Etf | $11.0M | 5.5% | −66.3% |
| RITMRithm Capital Corp | $10.2M | 5.1% | |
| WMTWalmart Inc | $7.8M | 3.9% | |
| EQTEqt Corp | $6.2M | 3.1% | New |
| LNGCheniere Energy Inc | $6.0M | 3.0% | |
| AMZNAmazon.com Inc | $5.7M | 2.9% | |
| GOOGLAlphabet Inc | $5.3M | 2.7% | |
| HUTHut 8 Corp | $5.0M | 2.5% | |
| CIFRCipher Digital Inc | $3.5M | 1.7% | |
| EXEExpand Energy Corp | $3.3M | 1.7% | |
| WULFTerawulf Inc | $3.2M | 1.6% | |
| TSLXSixth Street Specialty Lendi | $2.0M | 1.0% | |
| IEFIshares Tr | $1.6M | 0.8% | +46.2% |
| ACREAres Coml Real Estate Corp | $1.5M | 0.8% | |
| ARCCAres Capital Corp | $1.4M | 0.7% | |
| OXLCOxford Lane Cap Corp | $1.3M | 0.6% | |
| PDDPdd Holdings Inc | $593K | 0.3% | New |
| LADRLadder Cap Corp | $448K | 0.2% | |
| GSBDGoldman Sachs Bdc Inc | $447K | 0.2% | |
| CCCCcc Intelligent Solutions Hl | $395K | 0.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTsmc | December 31, 2023 | +359.2% | $15.1M |
| ETEnergy Transfer LP | June 30, 2020 | +168.6% | $27.2M |
| HUTHut 8 Corp | March 31, 2026 | +146.1% | $5.0M |
| CIFRCipher Digital Inc | March 31, 2026 | +90.4% | $3.5M |
| WULFTerawulf Inc | March 31, 2026 | +71.2% | $3.2M |
| AMZNAmazon.com Inc | December 31, 2020 | +46.4% | $5.7M |
| LNGCheniere Energy Inc | September 30, 2023 | +44.0% | $6.0M |
| ASHRXtrackers Harvest Csi 300 Chi | December 31, 2024 | +38.5% | $36.4M |
| GOOGLAlphabet Inc | March 31, 2026 | +24.3% | $5.3M |
| EXEExpand Energy Corp | March 31, 2023 | +19.9% | $3.3M |
Sold off last quarter
- FXIIshares China Large-cap Etf was $17.1M
- KRMNKarman Holdings Inc was $4.4M
- MSFTMicrosoft Corp was $4.0M
- UPSUnited Parcel Service Inc was $3.6M
- KTOSKratos Defense & Security Sol was $3.1M
- CZRCaesars Entertainment Inc was $3.1M
- EARNEllington Credit Co was $2.7M
- AVAVAerovironment Inc was $2.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.4% | +14.8% |
| March 31, 2026 | +0.7% | −4.6% |
| December 31, 2025 | −2.6% | +2.4% |
| September 30, 2025 | +2.4% | +7.8% |
| June 30, 2025 | +3.6% | +10.5% |
| March 31, 2025 | −1.6% | −4.6% |
| December 31, 2024 | +6.4% | +2.1% |
| September 30, 2024 | +5.0% | +5.4% |
| June 30, 2024 | +2.9% | +4.0% |
| March 31, 2024 | +8.0% | +10.0% |
| December 31, 2023 | +1.0% | +11.2% |
| September 30, 2023 | +4.0% | −3.6% |
| June 30, 2023 | +1.6% | +8.3% |
| March 31, 2023 | +4.3% | +7.0% |
| December 31, 2022 | +7.4% | +7.1% |
| September 30, 2022 | −4.4% | −5.3% |
| June 30, 2022 | −15.1% | −16.5% |
| March 31, 2022 | +3.6% | −4.9% |
| December 31, 2021 | +0.5% | +10.7% |
| September 30, 2021 | −3.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Delphi Financial Group, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=859139&type=13F-HR&dateb=&owner=include&count=40CIK 859139
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/859139/000119312526347799/Filed August 13, 2026 · accession 0001193125-26-347799