DELPHI FINANCIAL GROUP, INC. Diversified Active

Location: Wilmington, DE

CIK: 0000859139 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $178M (98.1% shares, 1.9% debt)

Holdings (23)

JAAA JANUS HENDERSON AAA CLO ETF 24.2%

Value $43M Shares 846,695 Est. Cost $50.53 Unrealized —

ET ENERGY TRANSFER LP 13.7%

Value $24.4M Shares 1,421,945 Est. Cost $13.52 Unrealized —

FXI ISHARES CHINA LARGE-CAP ETF 8.2%

Value $14.67M Shares 356,550 Est. Cost $35.85 Unrealized —

ASHR XTRACKERS HARVEST CSI 300 CHI 8.2%

Value $14.6M Shares 443,060 Est. Cost $28.78 Unrealized —

Value $13.36M Shares 47,830 Est. Cost $104.00 Unrealized —

CZR CAESARS ENTERTAINMENT INC 5.9%

Value $10.53M Shares 389,580 Est. Cost $27.09 Unrealized 0.0%

EFC ELLINGTON FINANCIAL INC 5.3%

Value $9.368M Shares 721,757 Est. Cost $12.59 Unrealized —

LNG CHENIERE ENERGY INC 3.3%

Value $5.926M Shares 25,220 Est. Cost $161.33 Unrealized +45.7%

MSFT MICROSOFT CORP 3.1%

Value $5.594M Shares 10,800 Est. Cost $206.04 Unrealized +146.9%

AMZN AMAZON.COM INC 3.0%

Value $5.27M Shares 24,000 Est. Cost $126.86 Unrealized +78.4%

KTOS KRATOS DEFENSE & SECURITY SOL 2.3%

Value $4.023M Shares 44,030 Est. Cost $64.04 Unrealized 0.0%

VTI VANGUARD TOTAL STOCK MARKET E 2.2%

Value $3.998M Shares 12,182 Est. Cost $328.17 Unrealized —

KRMN KARMAN HOLDINGS INC 2.2%

Value $3.945M Shares 54,645 Est. Cost $54.85 Unrealized 0.0%

EXE EXPAND ENERGY CORP 2.2%

Value $3.901M Shares 36,720 Est. Cost $76.01 Unrealized +30.4%

AVAV AEROVIRONMENT INC 2.1%

Value $3.805M Shares 12,085 Est. Cost $258.71 Unrealized 0.0%

EARN ELLINGTON CREDIT CO 1.9%

Value $3.317M Shares 608,700 Est. Cost $5.65 Unrealized —

— BLACKSTONE MORTGAGE TR 1.1%

Value $1.972M Shares 2,000,000 Est. Cost $0.80 Unrealized —

— TWO HARBORS INV CORP 0.8%

Value $1.49M Shares 1,509,000 Est. Cost $0.95 Unrealized —

MFA MFA FINL INC 0.7%

Value $1.323M Shares 144,000 Est. Cost $10.42 Unrealized —

JBBB JANUS DETROIT STR TR 0.7%

Value $1.204M Shares 25,000 Est. Cost $48.17 Unrealized —

ACRE ARES COML REAL ESTATE CORP 0.5%

Value $969K Shares 214,937 Est. Cost $4.63 Unrealized —

CCC CCC INTELLIGENT SOLUTIONS HL 0.4%

Value $697K Shares 76,529 Est. Cost $11.28 Unrealized -14.2%

TSLX SIXTH STREET SPECIALTY LENDI 0.3%

Value $458K Shares 20,041 Est. Cost $16.94 Unrealized +42.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JAAA	JANUS HENDERSON AAA CLO ETF	846,695	$43M	24.2%	$50.53	—	HENDRSON AAA CL	47103U845
ET	ENERGY TRANSFER LP	1,421,945	$24.4M	13.7%	$13.52	—	COM UT LTD PTN	29273V100
FXI	ISHARES CHINA LARGE-CAP ETF	356,550	$14.67M	8.2%	$35.85	—	CHINA LG-CAP ETF	464287184
ASHR	XTRACKERS HARVEST CSI 300 CHI	443,060	$14.6M	8.2%	$28.78	—	XTRACK HRVST CSI	233051879
TSM	TSMC	47,830	$13.36M	7.5%	$104.00	—	SPONSORED ADS	874039100
CZR	CAESARS ENTERTAINMENT INC	389,580	$10.53M	5.9%	$27.09	0.0%	COM	12769G100
EFC	ELLINGTON FINANCIAL INC	721,757	$9.368M	5.3%	$12.59	—	COM	28852N109
LNG	CHENIERE ENERGY INC	25,220	$5.926M	3.3%	$161.33	+45.7%	COM NEW	16411R208
MSFT	MICROSOFT CORP	10,800	$5.594M	3.1%	$206.04	+146.9%	COM	594918104
AMZN	AMAZON.COM INC	24,000	$5.27M	3.0%	$126.86	+78.4%	COM	023135106
KTOS	KRATOS DEFENSE & SECURITY SOL	44,030	$4.023M	2.3%	$64.04	0.0%	COM NEW	50077B207
VTI	VANGUARD TOTAL STOCK MARKET E	12,182	$3.998M	2.2%	$328.17	—	TOTAL STK MKT	922908769
KRMN	KARMAN HOLDINGS INC	54,645	$3.945M	2.2%	$54.85	0.0%	COMMON STOCK	485924104
EXE	EXPAND ENERGY CORP	36,720	$3.901M	2.2%	$76.01	+30.4%	COM	165167735
AVAV	AEROVIRONMENT INC	12,085	$3.805M	2.1%	$258.71	0.0%	COM	008073108
EARN	ELLINGTON CREDIT CO	608,700	$3.317M	1.9%	$5.65	—	COM SHS BEN INT	288578107
—	BLACKSTONE MORTGAGE TR	2,000,000	$1.972M	1.1%	$0.80	—	NOTE 5.500% 3/1	09257WAE0
—	TWO HARBORS INV CORP	1,509,000	$1.49M	0.8%	$0.95	—	NOTE 6.250% 1/1	90187BAB7
MFA	MFA FINL INC	144,000	$1.323M	0.7%	$10.42	—	COM	55272X607
JBBB	JANUS DETROIT STR TR	25,000	$1.204M	0.7%	$48.17	—	B-BBB CLO ETF	47103U753
ACRE	ARES COML REAL ESTATE CORP	214,937	$969K	0.5%	$4.63	—	COM	04013V108
CCC	CCC INTELLIGENT SOLUTIONS HL	76,529	$697K	0.4%	$11.28	-14.2%	COM	12510Q100
TSLX	SIXTH STREET SPECIALTY LENDI	20,041	$458K	0.3%	$16.94	+42.0%	COM	83012A109