UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30,2000
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
Suite 540
Boston, MA 02110
13F File Number: 28-99999
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 it 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: Sean Gavin
Title: Analyst
Phone: 617-330-1025
Signature, Place, and Date of Signing:
Sean Gavin Boston, Massachusetts July 6, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 173
Form 13F Information Table Value Total: $1,309,762
List of Other Included Managers: None
<PAGE>
<TABLE> <C> <C>
VALUE INVSTMT OTH VOTING AUTHORITY
NAME OF ISSUE TITLE OF CLASS CUSIP (x$1000) SHARES DSCRETN MGRS SOLE SHARED NONE
ACETO CORP COM COM 004446100 3388 308000 SOLE 308000
AGRIUM INC COM COM 008916108 3353 388700 SOLE 388700
AK STEEL HOLDING CORP COM 001547108 1195 149400 SOLE 149400
ALBERTO CULVER A CLASS A 013068200 5604 213500 SOLE 213500
AMERICAN GREETINGS CP CLASS A 026375105 5771 303750 SOLE 303750
AMERICAN INTL GROUP COM COM 026874107 6215 52896 SOLE 52896
AMPAL AMERN ISRAEL CP CLASS A 032015109 606 40400 SOLE 40400
APPLIED MATLS INC COM COM 038222105 6018 66410 SOLE 66410
APPLIED SCIENCE & TECH COM 038236105 590 22800 SOLE 22800
APTAR GPOUP INC COM 038336103 338 12500 SOLE 12500
ARNOLD INDS INC COM COM 042595108 1447 119925 SOLE 119925
ARROW ELECTRS INC COM COM 042735100 14536 468900 SOLE 468900
ARVIN INDS INC COM COM 043339100 1670 96100 SOLE 96100
AUTOZONE INC COM 053332102 3298 149900 SOLE 149900
AVNET INC COM COM 053807103 15372 259450 SOLE 259450
BANK OF AMERICA CORP COM 060505104 3635 84525 SOLE 84525
BANKNORTH GROUP INC. COM 06646R107 10953 715300 SOLE 715300
BANTA CORP COM COM 066821109 7853 414700 SOLE 414700
BARD C. R. INC. COM 067383109 4577 95100 SOLE 95100
BEAR STEARNS COS INC COM COM 073902108 13562 325804 SOLE 325804
BERKSHIRE HATHAWAY INC CLASS B 084670207 10018 5692 SOLE 5692
BLOCK DRUG INC CL A CLASS A 093644102 7808 184524 SOLE 184524
BTU INT'L COM 056032105 2320 193350 SOLE 193350
CABOT OIL & GAS CORP CL A CLASS A 127097103 7791 367700 SOLE 367700
CENTRAL NEWSPAPERS INC CLASS A 154647101 30955 489400 SOLE 489400
CHARTER COMMUNICATIONS COM 16117M107 14815 901300 SOLE 901300
CHUBB CORP COM COM 171232101 5304 86250 SOLE 86250
CLAIRE'S STORES INC COM COM 179584107 12819 665900 SOLE 665900
COACHMEN INDS INC COM COM 189873102 3943 342900 SOLE 342900
COCA COLA BOTTLNG CONS COM 191098102 11015 242080 SOLE 242080
COCA COLA CO COM COM 191216100 253 4400 SOLE 4400
COHU INC COM COM 192576106 13209 489800 SOLE 489800
COLONIAL BANCGROUP INC COM 195493309 8781 975698 SOLE 975698
COMCAST CORP CL A SPL CLASS A 200300200 23554 581590 SOLE 581590
COMERICA INC COM 200340107 7207 160600 SOLE 160600
COMMUNITY BK SYS INC COM COM 203607106 2802 126300 SOLE 126300
CONOCO INC. COM 208251306 176 8000 SOLE 8000
COVENANT TRANSPORTATION COM 22284P105 552 69000 SOLE 69000
COX COMMUNICATIONS INC. COM 224044107 9108 199900 SOLE 199900
CROSS TIMBERS OIL CO COM COM 227573102 21203 958325 SOLE 958325
D R HORTON INC COM COM 23331A109 6043 445600 SOLE 445600
DANA CORP COM COM 235811106 3779 178350 SOLE 178350
DEVON ENERGY CORP COM COM 251799102 6248 111200 SOLE 111200
DIME BANCORP COM 25429Q102 50 3200 SOLE 3200
DISNEY WALT CO COM COM 254687106 11145 287162 SOLE 287162
DONALDSON LUFKN&JEN COM 257661108 13820 325650 SOLE 325650
DUKE REALTY INVT INC COM 264411505 1801 80500 SOLE 80500
EASTERN CO COM 276317104 113 8700 SOLE 8700
ELBIT SYS LTD ORD ORD M3760D101 979 66400 SOLE 66400
ELECTROGLAS INC COM COM 285324109 4900 227900 SOLE 227900
EMERSON ELECTRIC CO COM 291011104 604 10000 SOLE 10000
ENGELHARD CORP. COM 292845104 328 19200 SOLE 19200
ENNIS BUSINESS FORMS COM COM 293389102 2020 252512 SOLE 252512
EOG RESOURCES COM 26875P101 12723 379800 SOLE 379800
FEDERATED DEPT STORES COM 31410H101 11539 341900 SOLE 341900
FEDEX CORP. COM 31428X106 13817 363600 SOLE 363600
FIRST ESSEX BANCORP COM COM 320103104 3282 205900 SOLE 205900
FLEETBOSTON FINANCIAL COM 339030108 61 1800 SOLE 1800
GABLES RESIDENTIAL SH BEN INT 362418105 8192 318150 SOLE 318150
GANNETT INC COM COM 364730101 8661 144800 SOLE 144800
GENERAL DYNAMICS COM 369550108 14008 268100 SOLE 268100
GENERAL ELEC CO COM COM 369604103 191 3600 SOLE 3600
GENUINE PARTS CO COM 372460105 2806 140300 SOLE 140300
GEORGIA PACIFIC COM 373298108 4318 164500 SOLE 164500
GIANT INDS INC COM COM 374508109 768 97500 SOLE 97500
GLOBAL MARINE INC COM COM 379352404 20783 737300 SOLE 737300
GOLDMAN SACHS COM 38141G104 6143 64750 SOLE 64750
GORMAN RUPP CO COM 383082104 1559 99000 SOLE 99000
GREY ADVERTISING INC COM COM 397838103 21669 41671 SOLE 41671
HARTE HANKS INC. COM 416196103 13353 534100 SOLE 534100
HEARST-ARGYLE TELEVISN COM 422317107 9794 502250 SOLE 502250
HILFIGER TOMMY CORP ORD ORD G8915Z102 3107 414200 SOLE 414200
HILTON HOTELS CORP COM 432848109 3667 391100 SOLE 391100
HONEYWELL INTERNATIONAL COM 438516106 5420 160900 SOLE 160900
HUBBELL INC CL B CLASS B 443510201 6937 272050 SOLE 272050
HUGOTON ROYALTY TRUST UNIT BEN INT 444717102 3362 270300 SOLE 270300
IMPERIAL BANCORP COM 452556103 375 24100 SOLE 24100
INFORMATION HLDGS INC COM COM 456727106 6555 177175 SOLE 177175
INGERSOLL RAND COM 456866102 2822 70100 SOLE 70100
INTEGRATED SILIC SOLTN COM COM 45812P107 1566 41200 SOLE 41200
INTEL CORP COM COM 458140100 2615 19560 SOLE 19560
INTERPUBLIC GROUP COM 460690100 14332 333300 SOLE 333300
INVISION TECHNOLOGIES COM COM 461851107 126 28700 SOLE 28700
IPC HLDGS LTD ORD ORD G4933P101 6606 471875 SOLE 471875
JOHNSON CTLS INC COM 478366107 10432 203300 SOLE 203300
KEMET CORP. COM 488360108 9877 394100 SOLE 394100
KLA-TENCOR CORP COM COM 482480100 10641 181700 SOLE 181700
KNIGHT RIDDER INC COM COM 499040103 15652 294275 SOLE 294275
KULICKE AND SOFFA IND. COM 501242101 14312 241050 SOLE 241050
LAKEHEAD PIPELINE COM 511557100 2468 61600 SOLE 61600
LEAR CORP COM COM 521865105 3202 160100 SOLE 160100
LEE ENTERPRISES INC COM COM 523768109 10802 463350 SOLE 463350
LENNAR CORP COM COM 526057104 7932 391700 SOLE 391700
LITTON INDS INC COM COM 538021106 11819 281400 SOLE 281400
LNR PPTY CORP COM COM 501940100 7246 371600 SOLE 371600
LOUIS DREYFUS NATURAL GAS COM 546011107 3163 101000 SOLE 101000
LSI LOGIC CORP COM COM 502161102 17639 325900 SOLE 325900
LTX CORP COM COM 502392103 542 15500 SOLE 15500
MAF BANCORP INC COM COM 55261R108 3606 198250 SOLE 198250
MASCO CORP COM 574599106 4100 227000 SOLE 227000
MATRIX SERVICES COM 576853105 130 28200 SOLE 28200
MAY DEPT STORES CO COM COM 577778103 4503 187637 SOLE 187637
MCCLATCHY CO CL A CLASS A 579489105 14279 431074 SOLE 431074
MCGRAW HILL COS INC COM COM 580645109 18978 351450 SOLE 351450
MEDIAONE GRP COM 58440J500 5290 130615 SOLE 130615
MEREDITH CORP. COM 589433101 4283 126900 SOLE 126900
METHODE ELECTRONICS INC COM 591520200 558 14450 SOLE 14450
MORGAN STAN DEAN WITTR COM 617446448 8877 106626 SOLE 106626
MOVADO GROUP INC COM COM 624580106 1859 154950 SOLE 154950
NABORS INDUSTRIES COM 629568106 10765 259007 SOLE 259007
NEWS CORP LTD ADR NEW COM 652487703 7546 138450 SOLE 138450
NORSK HYDRO A S ADR 656531605 5518 131180 SOLE 131180
NORTH FORK BANCORP COM 659424105 8196 541900 SOLE 541900
NU HORIZONS ELECTRS CP COM 669908105 3493 131207 SOLE 131207
OFFSHORE LOGISTICS INC COM 676255102 4251 295700 SOLE 295700
PENTON MEDIA INC COM COM 709668107 12318 351929 SOLE 351929
PEPSI BOTTLING GROUP COM COM 713409100 17759 608450 SOLE 608450
PLUM CREEK TIMBER COM 729251108 10117 389100 SOLE 389100
POLO RALPH LAUREN CORP CLASS A 731572103 4025 282450 SOLE 282450
RENAISSANCE RE HLDGS COM G7496G103 14596 335050 SOLE 335050
ROSS STORES INC COM COM 778296103 12154 712300 SOLE 712300
ROWAN COS INC COM COM 779382100 14064 463000 SOLE 463000
RYANS FAMILY STK HSE COM COM 783519101 9248 1096000 SOLE 1096000
SANTA FE INTL CORP ORD ORD G7805C108 16873 482950 SOLE 482950
SANTA FE SNYDER COM 80218K105 1686 148200 SOLE 148200
SCHULTZ SAV O STORES COM COM 808196109 4157 400650 SOLE 400650
SCITEX LTD ORD ORD 809090103 706 63800 SOLE 63800
SCRIPPS E W CO OHIO CL A CLASS A 811054204 14837 301250 SOLE 301250
SIFCO INDS INC COM COM 826546103 916 146500 SOLE 146500
SMITH CHARLES RESIDNTL COM 832197107 14127 371775 SOLE 371775
SOUTHDOWN INC COM COM 841297104 9725 168400 SOLE 168400
SOUTHTRUST CORP COM 844730101 2744 121300 SOLE 121300
SOVEREIGN BANCORP INC COM COM 845905108 6824 970498 SOLE 970498
SOVEREIGN CONVERTIBLE PREF. COM 845905306 1038 21175 SOLE 21175
SOVRAN SELF STORAGE COM COM 84610H108 8455 394400 SOLE 394400
SPEEDFAM-IPEC INC. COM 847705100 5887 323700 SOLE 323700
SPS TECHNOLOGIES COM 784626103 6332 154200 SOLE 154200
ST JOE CO COM COM 790148100 15639 521300 SOLE 521300
STARRETT L S CO CL A CLASS A 855668109 2356 134600 SOLE 134600
STEPAN CO. COM 858586100 598 25700 SOLE 25700
TALISMAN ENERGY INC COM 87425E103 5476 165300 SOLE 165300
TANDY BRANDS ACCESSORS COM 875378101 252 32000 SOLE 32000
TECH SYM CORP COM COM 878308105 6202 220500 SOLE 220500
TELE COMMUNICATNS CLASS A 001957208 11085 457100 SOLE 457100
TELEDYNE TECH COM 879360105 1742 104000 SOLE 104000
TEPPCO PARTNERS UT LTD PART 872384102 4902 206400 SOLE 206400
TERADYNE INC COM COM 880770102 8767 119282 SOLE 119282
TEXAS INDS INC COM COM 882491103 3542 122650 SOLE 122650
TEXTRON INC. COM 883203101 6833 125800 SOLE 125800
TIDEWATER INC. COM 886423102 14508 403000 SOLE 403000
TIME WARNER TELECOM CLASS A 887319101 8478 131700 SOLE 131700
TOLL BROTHERS INC COM COM 889478103 8705 424650 SOLE 424650
TOMPKINS CNTY TRUSTCO COM 890110109 1156 46700 SOLE 46700
TOWER SEMICONDUCTOR ORD M87915100 956 29300 SOLE 29300
TRANSATLANTIC HLDGS COM COM 893521104 8004 95575 SOLE 95575
U S G CORP COM NEW COM 903293405 6359 209350 SOLE 209350
UNION PLANTERS CORP COM COM 908068109 6390 228708 SOLE 228708
UNITED FIRE & CAS CO COM COM 910331107 2906 187461 SOLE 187461
UNITED STATES CELLULAR COM 911684108 14724 233720 SOLE 233720
UNITED TELEVISION INC COM COM 913066106 7970 61905 SOLE 61905
UNOCAL CORP COM COM 915289102 13311 401830 SOLE 401830
US FREIGHTWAYS COM 916906100 6190 252000 SOLE 252000
USA NETWORKS COM 902984103 6340 293200 SOLE 293200
VARCO INT'L COM 922126107 793 34129 SOLE 34129
VARIAN SEMICONDUCTOR COM 922207105 15578 248000 SOLE 248000
VIACOM INC CL B CLASS B 925524308 11149 163500 SOLE 163500
VINTAGE PETE INC COM COM 927460105 16985 752800 SOLE 752800
WARREN BANCORP INC COM COM 934710104 1083 152000 SOLE 152000
WASHINGTON POST CO CL B CLASS B 939640108 17558 36733 SOLE 36733
WEBSTER FINL CORP CONN COM 947890109 11336 510900 SOLE 510900
WELLS FARGO & CO COM 949746101 6179 159450 SOLE 159450
WILLIAMS COMPANIES INC COM 969457100 1984 47600 SOLE 47600
XL CAP LTD CL A CLASS A G98255105 14493 267775 SOLE 267775
</TABLE>
