Marvin & Palmer Associates Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Marvin & Palmer Associates Inc. reported 28 stock positions worth $100.8 million. Its top holding was Eaton (ETN) at 5.5% of the portfolio, followed by Nvidia (NVDA, 5.2%) and Parker Hannifin (PH, 5.0%). Compared with Q4 2023, it opened 4 new positions, sold out of 8, added to 4 and reduced 20. The biggest buy was a new position in Caterpillar (CAT) and the biggest sale an exit from Amerisourcebergen.
- Most Recent 13F
- Q2 2026
- Location
- WILMINGTON, DE
- CIK
- 0000860645
- Portfolio Value
- $100.8M (Q1 2024)
- SEC Filing
- 0000898432-24-000399 ↗ filed May 13, 2024
Holdings Value
Holdings 28 stocks · $100.8M
| ETN Eaton Corp. PLC | 5.46% | 17,621 | $5.5M | Reduce -4.3% |
| NVDA Nvidia Corp. | 5.17% | 5,764 | $5.2M | Reduce -25.7% |
| PH Parker Hannifin Corp. | 5.03% | 9,119 | $5.1M | Reduce -1.6% |
| MSFT Microsoft Corp. | 5.01% | 12,017 | $5.1M | Reduce -2.1% |
| IR Ingersoll-Rand Inc. | 4.96% | 52,709 | $5.0M | Reduce -5.1% |
| AMP Ameriprise Financial Inc. | 4.36% | 10,036 | $4.4M | Reduce -1.4% |
| AMAT Applied Materials Inc. | 4.21% | 20,593 | $4.2M | Add +13.3% |
| QQQ Invesco QQQ Trust Series 1 | 4.20% | 9,546 | $4.2M | Reduce -5.1% |
| KKR KKR & Co. Inc. | 4.18% | 41,920 | $4.2M | Reduce -1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.18% | 8,053 | $4.2M | Reduce -4.8% |
| CAT Caterpillar Inc. | 4.08% | 11,234 | $4.1M | New |
| BX Blackstone Inc. | 4.02% | 30,819 | $4.0M | Reduce -1.4% |
| EWJ iShares MSCI Japan ETF | 3.95% | 55,842 | $4.0M | Reduce -5.2% |
| HLT Hilton Worldwide Holdings Inc. | 3.38% | 16,000 | $3.4M | Reduce -0.2% |
| ANET Arista Networks Inc. | 3.36% | 11,680 | $3.4M | New |
| URI United Rentals Inc. | 3.27% | 4,573 | $3.3M | Reduce -8.3% |
| COR Cencora Inc. | 3.24% | 13,437 | $3.3M | New |
| AMZN Amazon.com Inc. | 3.12% | 17,420 | $3.1M | Reduce -0.2% |
| CDNS Cadence Design SYS Inc. | 3.08% | 9,963 | $3.1M | Reduce -0.2% |
| COST Costco Wholesale Corp. | 2.97% | 4,085 | $3.0M | Add +2.4% |
| V Visa Inc. Class A | 2.95% | 10,668 | $3.0M | Reduce -0.2% |
| MCK McKesson Corp. | 2.80% | 5,260 | $2.8M | Reduce -0.2% |
| VRTX Vertex Pharmaceuticals Inc. | 2.77% | 6,675 | $2.8M | Reduce -5.6% |
| META Meta Platforms Inc. Class A | 2.72% | 5,650 | $2.7M | New |
| CBOE Cboe Global Markets Inc. | 2.63% | 14,426 | $2.7M | Reduce -0.2% |
| INDA iShares MSCI India ETF | 2.10% | 40,982 | $2.1M | Add +36.5% |
| EWW iShares MSCI Mexico ETF | 2.02% | 29,398 | $2.0M | Add +12.4% |
| VNM Vaneck Vietnam ETF | 0.78% | 56,595 | $787K | Reduce -5.0% |
Portfolio Sells Q4 2023 → Q1 2024
| AMERISOURCEBERGEN CORP | Sold out | 0.00% | −3.11 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −3.00 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −2.67 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −2.52 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −1.88 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.83 |
| KLIC Kulicke & Soffa Industries | Sold out | 0.00% | −0.76 |
| BX Blackstone Inc. | Reduce -1.4% | 4.02% | −0.55 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -5.6% | 2.77% | −0.44 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.1% | 4.20% | −0.40 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.8% | 4.18% | −0.31 |
| EWJ iShares MSCI Japan ETF | Reduce -5.2% | 3.95% | −0.27 |
| CBOE Cboe Global Markets Inc. | Reduce -0.2% | 2.63% | −0.25 |
| V Visa Inc. Class A | Reduce -0.2% | 2.95% | −0.15 |
| MSFT Microsoft Corp. | Reduce -2.1% | 5.01% | −0.14 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.08 |
| VNM Vaneck Vietnam ETF | Reduce -5.0% | 0.78% | −0.08 |
| CDNS Cadence Design SYS Inc. | Reduce -0.2% | 3.08% | +0.04 |
| AMP Ameriprise Financial Inc. | Reduce -1.4% | 4.36% | +0.05 |
| MCK McKesson Corp. | Reduce -0.2% | 2.80% | +0.08 |
| URI United Rentals Inc. | Reduce -8.3% | 3.27% | +0.08 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -0.2% | 3.38% | +0.13 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 3.12% | +0.16 |
| IR Ingersoll-Rand Inc. | Reduce -5.1% | 4.96% | +0.17 |
| KKR KKR & Co. Inc. | Reduce -1.6% | 4.18% | +0.24 |
| PH Parker Hannifin Corp. | Reduce -1.6% | 5.03% | +0.26 |
| ETN Eaton Corp. PLC | Reduce -4.3% | 5.46% | +0.52 |
| NVDA Nvidia Corp. | Reduce -25.7% | 5.17% | +0.87 |
Portfolio Buys Q4 2023 → Q1 2024
| CAT Caterpillar Inc. | New | 4.08% | +4.08 |
| ANET Arista Networks Inc. | New | 3.36% | +3.36 |
| COR Cencora Inc. | New | 3.24% | +3.24 |
| META Meta Platforms Inc. Class A | New | 2.72% | +2.72 |
| AMAT Applied Materials Inc. | Add +13.3% | 4.21% | +0.92 |
| INDA iShares MSCI India ETF | Add +36.5% | 2.10% | +0.46 |
| EWW iShares MSCI Mexico ETF | Add +12.4% | 2.02% | +0.04 |
| COST Costco Wholesale Corp. | Add +2.4% | 2.97% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $159.0M | SOXX, NVDA, C, GS, MS |
| Q1 2026 | 21 | $83.5M | NVDA, RTX, VLO, XBI, TSM |
| Q4 2025 | 27 | $141.6M | NVDA, C, GS, AVGO, MS |
| Q3 2025 | 27 | $134.6M | AVGO, NVDA, GS, MS, IBKR |
| Q2 2025 | 32 | $116.6M | QQQ, ORCL, CSCO, NVDA, IBM |
| Q1 2025 | 23 | $67.0M | ORLY, CAH, CSCO, PH, TMUS |
| Q4 2024 | 27 | $130.9M | AMZN, GS, AMP, KKR, IBKR |
| Q3 2024 | 32 | $119.2M | KKR, XBI, GS, IBKR, SPY |
| Q2 2024 | 28 | $102.7M | ETN, NVDA, IBKR, PH, AMAT |
| Q1 2024 | 28 | $100.8M | ETN, NVDA, PH, MSFT, IR |