0000767684-11-000009.txt : 20111104 0000767684-11-000009.hdr.sgml : 20111104 20111104110600 ACCESSION NUMBER: 0000767684-11-000009 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111104 DATE AS OF CHANGE: 20111104 EFFECTIVENESS DATE: 20111104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELPHI MANAGEMENT INC /MA/ CENTRAL INDEX KEY: 0000767684 IRS NUMBER: 042776276 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01488 FILM NUMBER: 111179840 BUSINESS ADDRESS: STREET 1: 50 ROWES WHARF STREET 2: SUITE 540 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6173301025 MAIL ADDRESS: STREET 1: 50 ROWES WHARF STREET 2: SUITE 540 CITY: BOSTON STATE: MA ZIP: 02110 13F-HR 1 q32011.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for Calendar Year or Quarter end: September 30, 2011 Check here if Amendment [ ] ; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Delphi Management, Inc. Address: 50 Rowes Wharf # 540 Boston MA 02110 Form 13F File Number: 28-01488 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person signing this report on behalf of Reporting Manager: Name: Heath Ritchie Title: Equity Analyst Phone: 617-330-1025 Signature, Place, and Date of signing Heath Ritchie Boston, MA 02110 October 24, 2011 Report Type (Check only one): [X ] 13F HOLDING REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 152 Form 13F Information Table Value Total: $477,739,000 List of Other Included Managers: NONE FORM 13F INFORMATION TABLE TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE 3M CO COM 88579Y101 693 9647 SH SOLE 9647 0 ABBOTT LABS COM 002824100 1392 27220 SH SOLE 27220 0 ACE LTD SHS H0023R105 1700 28060 SH SOLE 28060 0 AECOM TECHNOLOGY CORP COM 00766T100 987 55840 SH SOLE 55840 0 AGRIUM INC COM 008916108 4634 69514 SH SOLE 20014 49500 ALLEGHENY TECHNOLOGIES INC COM 01741R102 2705 73130 SH SOLE 4130 69000 ALLIANCE RES PARTNER L P UT LTD PART 01877R108 5955 90828 SH SOLE 28328 62500 ALLIED WORLD ASSURANCE SHS H01531104 5405 100640 SH SOLE 29640 71000 AMDOCS LTD ORD G02602103 4039 148915 SH SOLE 5915 143000 AMERICAS CAR MART INC COM 03062T105 4771 164405 SH SOLE 12400 152005 AMERICAN ASSETS TR INC COM 024013104 1410 78530 SH SOLE 78530 0 AMERICAN MIDSTREAM PARTNERS COM UNITS 02752P100 912 47600 SH SOLE 47600 0 APACHE CORP COM 037411105 1510 18817 SH SOLE 18817 0 ARES CAP CORP COM 04010L103 3637 264124 SH SOLE 43124 221000 ARROW ELECTRS INC COM 042735100 5999 215932 SH SOLE 94122 121810 ASML HOLDING N V NY REG SHS N07059186 538 15575 SH SOLE 15575 0 ATWOOD OCEANICS INC COM 050095108 2507 72968 SH SOLE 5068 67900 AUTOMATIC DATA PROCESSING IN COM 053015103 1968 41729 SH SOLE 41729 0 AVNET INC COM 053807103 6383 244729 SH SOLE 113729 131000 BAR HBR BANKSHARES COM 066849100 458 16352 SH SOLE 16352 0 BARRICK GOLD CORP COM 067901108 2097 44955 SH SOLE 44955 0 BAXTER INTL INC COM 071813109 1573 28018 SH SOLE 28018 0 BELDEN INC COM 077454106 3940 152767 SH SOLE 50205 102562 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 12133 170794 SH SOLE 79819 90975 BEST BUY INC COM 086516101 1178 50551 SH SOLE 50551 0 BARRETT BILL CORP COM 06846N104 3977 109742 SH SOLE 19450 90292 BIOMED REALTY TRUST INC COM 09063H107 1940 117065 SH SOLE 117065 0 BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 3830 149395 SH SOLE 15195 134200 BOEING CO COM 097023105 2002 33078 SH SOLE 33078 0 BOISE INC COM 09746Y105 717 138728 SH SOLE 138728 0 BOLT TECHNOLOGY CORP COM 097698104 224 22418 SH SOLE 22418 0 BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 349 23440 SH SOLE 23440 0 BOSTON PROPERTIES INC COM 101121101 3290 36920 SH SOLE 6620 30300 BRINKS CO COM 109696104 656 28150 SH SOLE 28150 0 BRISTOW GROUP INC COM 110394103 561 13225 SH SOLE 13225 0 BUCKEYE TECHNOLOGIES INC COM 118255108 5896 244553 SH SOLE 89055 155498 BUNGE LIMITED COM G16962105 4558 78193 SH SOLE 22793 55400 CARNIVAL CORP PAIRED CTF 143658300 2186 72148 SH SOLE 72148 0 CASCADE CORP COM 147195101 400 11985 SH SOLE 11985 0 CBS CORP NEW CL B 124857202 5329 261492 SH SOLE 115492 146000 CHECK POINT SOFTWARE TECH LT ORD M22465104 6991 132503 SH SOLE 55353 77150 CISCO SYS INC COM 17275R102 2107 135953 SH SOLE 135953 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 4831 94404 SH SOLE 39904 54500 COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 7904 89082 SH SOLE 32582 56500 COMCAST CORP NEW CL A SPL 20030n200 7431 358630 SH SOLE 152630 206000 CSX CORP COM 126408103 1750 93754 SH SOLE 93754 0 CVR PARTNERS LP COM 126633106 3054 129788 SH SOLE 129788 0 DARDEN RESTAURANTS INC COM 237194105 7236 169271 SH SOLE 72771 96500 DIAGEO P L C SPON ADR NEW 25243Q205 1093 14394 SH SOLE 14394 0 DIGITAL RLTY TR INC COM 253868103 961 17413 SH SOLE 17413 0 DIRECTV COM CL A 25490A101 3810 90135 SH SOLE 90135 0 DISNEY WALT CO COM DISNEY 254687106 6766 224322 SH SOLE 89362 134960 DOVER CORP COM 260003108 4380 93987 SH SOLE 37978 56009 DOW CHEM CO COM 260543103 461 20510 SH SOLE 20510 0 EATON CORP COM 278058102 1241 34965 SH SOLE 34965 0 EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 921 25960 SH SOLE 25960 0 EMERSON ELEC CO COM 291011104 313 7570 SH SOLE 7570 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 5049 180391 SH SOLE 51391 129000 ENNIS INC COM 293389102 443 33925 SH SOLE 33925 0 ENTERPRISE PRODS PARTNERS L COM 293792107 6033 150252 SH SOLE 47752 102500 EQUIFAX INC COM 294429105 3959 128782 SH SOLE 8782 120000 EXXON MOBIL CORP COM 30231G102 7496 103206 SH SOLE 45206 58000 FAMILY DLR STORES INC COM 307000109 5873 115473 SH SOLE 31473 84000 FEDEX CORP COM 31428X106 4532 66956 SH SOLE 27456 39500 FIRST POTOMAC RLTY TR COM 33610F109 843 67627 SH SOLE 67627 0 FLEXTRONICS INTL LTD ORD Y2573F102 4811 854589 SH SOLE 294589 560000 G-III APPAREL GROUP LTD COM 36237H101 2668 116709 SH SOLE 19590 97119 GENERAL CABLE CORP DEL NEW COM 369300108 4959 212372 SH SOLE 86872 125500 GENERAL DYNAMICS CORP COM 369550108 1461 25686 SH SOLE 25686 0 GILEAD SCIENCES INC COM 375558103 5996 154536 SH SOLE 70936 83600 GOLDMAN SACHS GROUP INC COM 38141G104 1647 17416 SH SOLE 17416 0 GOLUB CAPITAL BDC INC COM 38173M102 947 63763 SH SOLE 63763 0 GUESS INC COM 401617105 584 20512 SH SOLE 20512 0 HASBRO INC COM 418056107 5425 166345 SH SOLE 68345 98000 HELEN OF TROY CORP LTD COM g4388n106 362 14419 SH SOLE 14419 0 HELMERICH & PAYNE INC COM 423452101 2589 63774 SH SOLE 7874 55900 HONEYWELL INTL INC COM 438516106 286 6502 SH SOLE 6502 0 ILLINOIS TOOL WKS INC COM 452308109 2126 51110 SH SOLE 51110 0 INGERSOLL-RAND PLC SHS G47791101 4906 174641 SH SOLE 82141 92500 ITT CORP NEW COM 450911102 5188 123535 SH SOLE 45535 78000 ITURAN LOCATION AND CONTROL SHS M6158M104 144 12350 SH SOLE 12350 0 JABIL CIRCUIT INC COM 466313103 4634 260472 SH SOLE 37472 223000 WILEY JOHN & SONS INC CL A 968223206 3667 82559 SH SOLE 0 82559 JOHNSON CTLS INC COM 478366107 4068 154250 SH SOLE 58550 95700 JOS A BANK CLOTHIERS INC COM 480838101 7417 159059 SH SOLE 51559 107500 KLA-TENCOR CORP COM 482480100 1034 27000 SH SOLE 27000 0 KNIGHT CAP GROUP INC CL A COM 499005106 3822 314280 SH SOLE 61625 252655 LABORATORY CORP AMER HLDGS COM NEW 50540R409 686 8680 SH SOLE 8680 0 LAM RESEARCH CORP COM 512807108 3318 87351 SH SOLE 11851 75500 LTC PPTYS INC COM 502175102 5629 222330 SH SOLE 66291 156039 MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 2104 313050 SH SOLE 61050 252000 MAIDENFORM BRANDS INC COM 560305104 1277 54535 SH SOLE 54535 0 MATERION CORP COM 576690101 2651 116907 SH SOLE 300 116607 MATTEL INC COM 577081102 6515 251632 SH SOLE 78661 172971 MCGRAW HILL COS INC COM 580645109 4472 109085 SH SOLE 2085 107000 MCKESSON CORP COM 58155Q103 4304 59205 SH SOLE 2205 57000 MEDTRONIC INC COM 585055106 660 19842 SH SOLE 19842 0 METHANEX CORP COM 59151K108 5470 262488 SH SOLE 106690 155798 MICROSOFT CORP COM 594918104 2339 93982 SH SOLE 93982 0 MKS INSTRUMENT INC COM 55306n104 224 10310 SH SOLE 10310 0 NEWFIELD EXPL CO COM 651290108 229 5760 SH SOLE 5760 0 NIKE INC CL B 654106103 1812 21195 SH SOLE 21195 0 NORFOLK SOUTHERN CORP COM 655844108 2634 43172 SH SOLE 43172 0 NOVARTIS A G SPONSORED ADR 66987V109 2949 52886 SH SOLE 52886 0 NOVELLUS SYS INC COM 670008101 3364 123400 SH SOLE 21390 102010 NUCOR CORP COM 670346105 554 17510 SH SOLE 17510 0 NXP SEMICONDUCTORS N V COM N6596X109 2608 184687 SH SOLE 29690 154997 OILTANKING PARTNERS L P UNIT LTD 678049107 1414 59198 SH SOLE 59198 0 OLYMPIC STEEL INC COM 68162K106 897 52967 SH SOLE 52967 0 OMEGA HEALTHCARE INVS INC COM 681936100 4012 251864 SH SOLE 52864 199000 OMNICOM GROUP INC COM 681919106 6048 164164 SH SOLE 67609 96555 ORACLE CORP COM 68389X105 6651 231428 SH SOLE 115428 116000 PARKER HANNIFIN CORP COM 701094104 3929 62235 SH SOLE 19335 42900 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1166 51948 SH SOLE 51948 0 PETROLEUM DEV CORP COM 716578109 858 44255 SH SOLE 44255 0 PRECISION CASTPARTS CORP COM 740189105 4092 26324 SH SOLE 9915 16409 PVH CORP COM 693656100 5546 95221 SH SOLE 29721 65500 RAYTHEON CO COM NEW 755111507 1386 33904 SH SOLE 33904 0 RENT A CTR INC NEW COM 76009N100 5093 185555 SH SOLE 48555 137000 RIO TINTO PLC SPONSORED ADR 767204100 1353 30698 SH SOLE 30698 0 RLJ LODGING TR COM 74965L101 3220 252175 SH SOLE 54675 197500 ROSS STORES INC COM 778296103 9139 116141 SH SOLE 47141 69000 SABRA HEALTH CARE REIT INC COM 78573L106 114 11900 SH SOLE 11900 0 SCHNITZER STL INDS CL A 806882106 2728 74130 SH SOLE 4630 69500 SOVRAN SELF STORAGE INC COM 84610H108 5658 152229 SH SOLE 34729 117500 SPARTON CORP COM 847235108 158 25172 SH SOLE 25172 0 STANLEY BLACK & DECKER INC COM 854502101 2578 52505 SH SOLE 505 52000 STATOIL ASA SPONSORED ADR 85771p102 1065 49420 SH SOLE 49420 0 SUPER MICRO COMPUTER INC COM 86800U104 397 31665 SH SOLE 31665 0 SYNNEX CORP COM 87162W100 3672 140165 SH SOLE 17700 122465 TAUBMAN CTRS INC COM 876664103 5276 104877 SH SOLE 21377 83500 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1988 53415 SH SOLE 53415 0 BUCKLE INC COM 118440106 6632 172449 SH SOLE 66442 106007 TJX COS INC NEW COM 872540109 618 11140 SH SOLE 11140 0 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 1980 29010 SH SOLE 29010 0 TTM TECHNOLOGIES INC COM 87305R109 2867 301429 SH SOLE 70486 230943 UNIT CORP COM 909218109 3013 81615 SH SOLE 4115 77500 UNITED TECHNOLOGIES CORP COM 913017109 2778 39485 SH SOLE 39485 0 UNUM GROUP COM 91529Y106 4210 200875 SH SOLE 35375 165500 VALE S A ADR 91912E105 2500 109634 SH SOLE 109634 0 VALSPAR CORP COM 920355104 3243 103925 SH SOLE 9015 94910 V F CORP COM 918204108 9293 76470 SH SOLE 31330 45140 VIACOM INC NEW CL B 92553P201 1593 41110 SH SOLE 41110 0 WALGREEN CO COM 931422109 2657 80774 SH SOLE 80774 0 WATSON PHARMACEUTICALS INC COM 942683103 5137 75271 SH SOLE 1671 73600 WELLS FARGO & CO NEW COM 949746101 2287 94809 SH SOLE 94809 0 WHIRLPOOL CORP COM 963320106 562 11260 SH SOLE 11260 0 WHITING PETE CORP NEW COM 966387102 5073 144611 SH SOLE 69611 75000 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 528 15366 SH SOLE 15366 0 WORLD FUEL SVCS CORP COM 981475106 4429 135650 SH SOLE 19150 116500 WPP PLC ADR 92933H101 5733 124489 SH SOLE 51989 72500 ZIMMER HLDGS INC COM 98956P102 1711 31985 SH SOLE 31985 0