Updates

Delphi’s 2025 annual update summarizing portfolio performance, investment positioning, and our outlook on market trends, tariffs, and artificial intelligence going into 2026.

Delphi’s performance was primarily driven by a significant improvement in the profits of the companies we invest in. According to third-quarter 2024 data (as fourth-quarter reports have not yet been released), the average operating profit of the companies in our portfolio...

In 2023, Delphi delivered a significantly nice returns. The main contribution to this performance came from the fact that the stock prices of the companies we invested in at the beginning of the year were absurdly low...

The year 2022 was marked by sharp declines in global capital markets. Inflationary pressures alongside rising interest rates led to fears of a recession. These factors created pessimism among investors. As of today, the severe recession many feared did not...

During 2021, Delphi Global generated a net return of 18.07%. This is a respectable annual return without exceptional volatility, with positive returns recorded in 10 out of 12 months. On the surface, the year seemed to progress smoothly. In reality, the opposite is true. It was a...