Scott Black (Trades, Portfolio) recently submitted the 13F filing for the third quarter of 2024, providing insights into his investment moves during this period. Scott Black (Trades, Portfolio) is the president and founder of Delphi Management, Inc. His first entrepreneurial venture involved restructuring the William O’Neil Company in 1978, followed by managing equities for Sunkist Growers in 1979, which was Delphi Management’s original account. At Merrill Lynch, he initially worked in the Market Planning Department before becoming head of Corporate Development, responsible for the holding company’s diversification activities. Black's education includes a BA from Johns Hopkins University in Applied Mathematics and Economics, and an MBA in Finance from Harvard Business School in 1971, after completing his U.S. Army active service obligation at Fort Ord, California. According to Delphi's website, "We pursue a proven value investing strategy that emphasizes the fundamental performance of underlying companies. We only invest in companies that meet our internally developed set of rigorous quantitative criteria and that are under good management. As disciples of the Graham-Dodd school of value investing, this means we believe that an investment candidate should only be purchased at a low absolute valuation. Additionally, it means that we personally contact management at every company in which we invest."
Scott Black (Trades, Portfolio) added a total of 14 stocks, among them:
Scott Black (Trades, Portfolio) also increased stakes in a total of 3 stocks, among them:
Scott Black (Trades, Portfolio) completely exited 5 holdings in the third quarter of 2024, as detailed below:
Scott Black (Trades, Portfolio) also reduced positions in 71 stocks. The most significant changes include:
At the third quarter of 2024, Scott Black (Trades, Portfolio)'s portfolio included 89 stocks. The top holdings included 2.75% in Berkshire Hathaway Inc (BRK.B, Financial), 2.12% in Apple Inc (AAPL), 1.59% in Progress Software Corp (PRGS, Financial), 1.55% in Sterling Infrastructure Inc (STRL, Financial), and 1.52% in Toll Brothers Inc (TOL, Financial).
The holdings are mainly concentrated in 10 of the 11 industries: Technology, Financial Services, Consumer Cyclical, Industrials, Healthcare, Communication Services, Energy, Consumer Defensive, Real Estate, and Basic Materials.
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