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Delphi Financial Group, Inc.

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13F filer, CIK 859139, Wilmington, DE

Delphi Financial Group, Inc. reported $177,812,824 across 23 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 82.51% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001193125-25-281563

Period
2025-09-30
Reported value
$178M
Holdings
23
Top 10 weight
82.51%
New
6
Sold out
5

Part of the filer group Delphi Financial Group, Inc.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CZRnew+389,580$10.5M
ASHRadded+155,030$5.11M
FXIadded+123,040$5.06M
KTOSnew+44,030$4.02M
VTInew+12,182$4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
OXFORD LANE CAP CORPexited-560,153-$2.35M
PFFexited-41,499-$1.27M
AGNCexited-62,500-$574K
OPITQexited-1,399,800-$346K
RNACexited-22,028-$229K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001193125-25-281563, largest first. % of portfolio is the value over $177,812,824, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
JAAAJANUS DETROIT STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 397,990 shares; 2024Q4: 397,990 shares; 2025Q1: 846,695 shares; 2025Q2: 846,695 shares; 2025Q3: 846,695 shares 846,695$43M24.18%0Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,421,945 shares; 2024Q4: 1,421,945 shares; 2025Q1: 1,421,945 shares; 2025Q2: 1,421,945 shares; 2025Q3: 1,421,945 shares 1,421,945$24.4M13.72%0Timeline
FXIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 120,000 shares; 2025Q1: 233,510 shares; 2025Q2: 233,510 shares; 2025Q3: 356,550 shares 356,550$14.7M8.25%+123,040Timeline
ASHRDBX ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 139,000 shares; 2025Q1: 288,030 shares; 2025Q2: 288,030 shares; 2025Q3: 443,060 shares 443,060$14.6M8.21%+155,030Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,830 shares; 2024Q4: 47,830 shares; 2025Q1: 47,830 shares; 2025Q2: 47,830 shares; 2025Q3: 47,830 shares 47,830$13.4M7.51%0Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 389,580 shares 389,580$10.5M5.92%newTimeline
EFCELLINGTON FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 388,131 shares; 2025Q1: 560,057 shares; 2025Q2: 721,757 shares; 2025Q3: 721,757 shares 721,757$9.37M5.27%0Timeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,220 shares; 2024Q4: 25,220 shares; 2025Q1: 25,220 shares; 2025Q2: 25,220 shares; 2025Q3: 25,220 shares 25,220$5.93M3.33%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,800 shares; 2024Q4: 10,800 shares; 2025Q1: 10,800 shares; 2025Q2: 10,800 shares; 2025Q3: 10,800 shares 10,800$5.59M3.15%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,000 shares; 2024Q4: 24,000 shares; 2025Q1: 24,000 shares; 2025Q2: 24,000 shares; 2025Q3: 24,000 shares 24,000$5.27M2.96%0Timeline
KTOSKRATOS DEFENSE & SEC SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 44,030 shares 44,030$4.02M2.26%newTimeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 168,090 shares; 2024Q4: 168,090 shares; 2025Q1: 59,280 shares; 2025Q2: not reported; 2025Q3: 12,182 shares 12,182$4M2.25%newTimeline
KRMNKARMAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 54,645 shares 54,645$3.95M2.22%newTimeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,720 shares; 2024Q4: 36,720 shares; 2025Q1: 36,720 shares; 2025Q2: 36,720 shares; 2025Q3: 36,720 shares 36,720$3.9M2.19%0Timeline
AVAVAEROVIRONMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 12,085 shares 12,085$3.81M2.14%newTimeline
EARNELLINGTON CREDIT COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 184,000 shares; 2025Q2: 608,700 shares; 2025Q3: 608,700 shares 608,700$3.32M1.87%0Timeline
MFAMFA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,000 shares; 2024Q4: 70,000 shares; 2025Q1: 94,000 shares; 2025Q2: 144,000 shares; 2025Q3: 144,000 shares 144,000$1.32M0.74%0Timeline
JBBBJANUS DETROIT STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 25,000 shares 25,000$1.2M0.68%newTimeline
ACREARES COML REAL ESTATE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 214,937 shares; 2025Q2: 214,937 shares; 2025Q3: 214,937 shares 214,937$969K0.55%0Timeline
CCCCCC INTELLIGENT SOLUTIONS HLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 57,015 shares; 2025Q1: 76,529 shares; 2025Q2: 76,529 shares; 2025Q3: 76,529 shares 76,529$697K0.39%0Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,106 shares; 2024Q4: 70,106 shares; 2025Q1: 45,106 shares; 2025Q2: 20,041 shares; 2025Q3: 20,041 shares 20,041$458K0.26%0Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1principal2,000,000$1.97M0
TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1principal1,509,000$1.49M0

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
OXFORD LANE CAP CORPOXFORD LANE CAP CORP560,153$2.35Mshares
PFFISHARES TR41,499$1.27Mshares
AGNCAGNC INVT CORP62,500$574Kshares
OPITQOFFICE PPTYS INCOME TR COM SHS1,399,800$346Kshares
RNACCARTESIAN THERAPEUTICS INC22,028$229Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001193125-25-281563 base2025-11-14acceptance time not in the bulk data set