Delphi Value Investments

Overview

Delphi Value Investments is an Arizona-based investment advisory firm specializing in value-based portfolio management. The firm manages clients' assets through separately managed accounts, focusing on a value-oriented, fundamental research approach primarily in common stocks. They aim for a long-term investment horizon of three years or more, seeking securities trading below conservative estimates of intrinsic value. Portfolios are intentionally concentrated, typically holding six to fifteen positions, and may include a wide set of instruments such as derivatives, convertibles, preferred stock, debt, and other securities when appropriate. The firm requires a minimum investment of $100,000 and custodies assets with Interactive Brokers. The sole advisor, Anthony Morley, maintains full-time employment outside the advisory business and discloses minority ownership in a separate private company. Potential conflicts are managed through block trading, allocation procedures, and a code of ethics. The firm provides semi-annual portfolio letters and quarterly custodian statements, generally does not vote client proxies directly, and expects relatively infrequent trading consistent with its concentrated, long-term strategy. The firm is registered in Arizona, Minnesota, and South Dakota, and operates in compliance with state regulations and registration requirements concerning the dissemination of information regarding investment advice and services. Past performance may not be indicative of future results. No client or prospective client should assume that any information presented and/or made available on this website serves as the receipt of, or substitute for, personalized individual advice from the advisor. For a complete description of our services, fees, and other disclosures, please contact our office for a copy of our ADV Part II.

Investment Focus

• Long-term investment horizon of three years or more