Filed: 11/14/2025ACC: 0001193125-25-281563
📋 What this filing means
DELPHI FINANCIAL GROUP, INC. filed this quarterly 13F‑HR report disclosing 23 equity positions with a total reported market value of $177.81M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
23
Positions
$177.81M
Total AUM (reported)
9.05M
Total Shares
Allocation by class
HENDRSON AAA CL$43.00M24.2%
COM$41.91M23.6%
COM UT LTD PTN$24.40M13.7%
CHINA LG-CAP ETF$14.67M8.2%
XTRACK HRVST CSI$14.60M8.2%
SPONSORED ADS$13.36M7.5%
COM NEW$9.95M5.6%
Portfolio Concentration
Top 3$82.06M46.2%
4–10$64.64M36.4%
11–25$31.10M17.5%
Top 3 weight
46.2%
Top 10 weight
82.5%
Voting Authority Distribution
Total shares with voting rights: 9.05M
Sole
Full voting authority
9.05M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole23
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings23
Rows:
JANUS HENDERSON AAA CLO ETF
SOLEShares846.70K
TypeSH
Market value$43.00M
24.18%
Sole
846.70K
Shared
0.00
None
0.00
ENERGY TRANSFER LP
SOLEShares1.42M
TypeSH
Market value$24.40M
13.72%
Sole
1.42M
Shared
0.00
None
0.00
ISHARES CHINA LARGE-CAP ETF
SOLEShares356.55K
TypeSH
Market value$14.67M
8.25%
Sole
356.55K
Shared
0.00
None
0.00
XTRACKERS HARVEST CSI 300 CHI
SOLEShares443.06K
TypeSH
Market value$14.60M
8.21%
Sole
443.06K
Shared
0.00
None
0.00
TSMC
SOLEShares47.83K
TypeSH
Market value$13.36M
7.51%
Sole
47.83K
Shared
0.00
None
0.00
CAESARS ENTERTAINMENT INC
SOLEShares389.58K
TypeSH
Market value$10.53M
5.92%
Sole
389.58K
Shared
0.00
None
0.00
ELLINGTON FINANCIAL INC
SOLEShares721.76K
TypeSH
Market value$9.37M
5.27%
Sole
721.76K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares25.22K
TypeSH
Market value$5.93M
3.33%
Sole
25.22K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares10.80K
TypeSH
Market value$5.59M
3.15%
Sole
10.80K
Shared
0.00
None
0.00
AMAZON.COM INC
SOLEShares24K
TypeSH
Market value$5.27M
2.96%
Sole
24K
Shared
0.00
None
0.00
KRATOS DEFENSE & SECURITY SOL
SOLEShares44.03K
TypeSH
Market value$4.02M
2.26%
Sole
44.03K
Shared
0.00
None
0.00
VANGUARD TOTAL STOCK MARKET E
SOLEShares12.18K
TypeSH
Market value$4.00M
2.25%
Sole
12.18K
Shared
0.00
None
0.00
KARMAN HOLDINGS INC
SOLEShares54.65K
TypeSH
Market value$3.95M
2.22%
Sole
54.65K
Shared
0.00
None
0.00
EXPAND ENERGY CORP
SOLEShares36.72K
TypeSH
Market value$3.90M
2.19%
Sole
36.72K
Shared
0.00
None
0.00
AEROVIRONMENT INC
SOLEShares12.09K
TypeSH
Market value$3.81M
2.14%
Sole
12.09K
Shared
0.00
None
0.00
ELLINGTON CREDIT CO
SOLEShares608.70K
TypeSH
Market value$3.32M
1.87%
Sole
608.70K
Shared
0.00
None
0.00
BLACKSTONE MORTGAGE TR
SOLEShares2M
TypePRN
Market value$1.97M
1.11%
Sole
2M
Shared
0.00
None
0.00
TWO HARBORS INV CORP
SOLEShares1.51M
TypePRN
Market value$1.49M
0.84%
Sole
1.51M
Shared
0.00
None
0.00
MFA FINL INC
SOLEShares144K
TypeSH
Market value$1.32M
0.74%
Sole
144K
Shared
0.00
None
0.00
JANUS DETROIT STR TR
SOLEShares25K
TypeSH
Market value$1.20M
0.68%
Sole
25K
Shared
0.00
None
0.00
ARES COML REAL ESTATE CORP
SOLEShares214.94K
TypeSH
Market value$969.4K
0.55%
Sole
214.94K
Shared
0.00
None
0.00
CCC INTELLIGENT SOLUTIONS HL
SOLEShares76.53K
TypeSH
Market value$697.2K
0.39%
Sole
76.53K
Shared
0.00
None
0.00
SIXTH STREET SPECIALTY LENDI
SOLEShares20.04K
TypeSH
Market value$458.1K
0.26%
Sole
20.04K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
JANUS HENDERSON AAA CLO ETFSOLE | HENDRSON AAA CL | 846.70K | SH | $43.00M 24.18% | 846.70K | 0.00 | 0.00 |
ENERGY TRANSFER LPSOLE | COM UT LTD PTN | 1.42M | SH | $24.40M 13.72% | 1.42M | 0.00 | 0.00 |
ISHARES CHINA LARGE-CAP ETFSOLE | CHINA LG-CAP ETF | 356.55K | SH | $14.67M 8.25% | 356.55K | 0.00 | 0.00 |
XTRACKERS HARVEST CSI 300 CHISOLE | XTRACK HRVST CSI | 443.06K | SH | $14.60M 8.21% | 443.06K | 0.00 | 0.00 |
TSMCSOLE | SPONSORED ADS | 47.83K | SH | $13.36M 7.51% | 47.83K | 0.00 | 0.00 |
CAESARS ENTERTAINMENT INCSOLE | COM | 389.58K | SH | $10.53M 5.92% | 389.58K | 0.00 | 0.00 |
ELLINGTON FINANCIAL INCSOLE | COM | 721.76K | SH | $9.37M 5.27% | 721.76K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 25.22K | SH | $5.93M 3.33% | 25.22K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 10.80K | SH | $5.59M 3.15% | 10.80K | 0.00 | 0.00 |
AMAZON.COM INCSOLE | COM | 24K | SH | $5.27M 2.96% | 24K | 0.00 | 0.00 |
KRATOS DEFENSE & SECURITY SOLSOLE | COM NEW | 44.03K | SH | $4.02M 2.26% | 44.03K | 0.00 | 0.00 |
VANGUARD TOTAL STOCK MARKET ESOLE | TOTAL STK MKT | 12.18K | SH | $4.00M 2.25% | 12.18K | 0.00 | 0.00 |
KARMAN HOLDINGS INCSOLE | COMMON STOCK | 54.65K | SH | $3.95M 2.22% | 54.65K | 0.00 | 0.00 |
EXPAND ENERGY CORPSOLE | COM | 36.72K | SH | $3.90M 2.19% | 36.72K | 0.00 | 0.00 |
AEROVIRONMENT INCSOLE | COM | 12.09K | SH | $3.81M 2.14% | 12.09K | 0.00 | 0.00 |
ELLINGTON CREDIT COSOLE | COM SHS BEN INT | 608.70K | SH | $3.32M 1.87% | 608.70K | 0.00 | 0.00 |
BLACKSTONE MORTGAGE TRSOLE | NOTE 5.500% 3/1 | 2M | PRN | $1.97M 1.11% | 2M | 0.00 | 0.00 |
TWO HARBORS INV CORPSOLE | NOTE 6.250% 1/1 | 1.51M | PRN | $1.49M 0.84% | 1.51M | 0.00 | 0.00 |
MFA FINL INCSOLE | COM | 144K | SH | $1.32M 0.74% | 144K | 0.00 | 0.00 |
JANUS DETROIT STR TRSOLE | B-BBB CLO ETF | 25K | SH | $1.20M 0.68% | 25K | 0.00 | 0.00 |
ARES COML REAL ESTATE CORPSOLE | COM | 214.94K | SH | $969.4K 0.55% | 214.94K | 0.00 | 0.00 |
CCC INTELLIGENT SOLUTIONS HLSOLE | COM | 76.53K | SH | $697.2K 0.39% | 76.53K | 0.00 | 0.00 |
SIXTH STREET SPECIALTY LENDISOLE | COM | 20.04K | SH | $458.1K 0.26% | 20.04K | 0.00 | 0.00 |