Marvin & Palmer Associates Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Marvin & Palmer Associates Inc. reported 32 stock positions worth $119.2 million. Its top holding was KKR (KKR) at 6.6% of the portfolio, followed by SS SPDR S&P Biotech ETF (XBI, 6.4%) and Goldman Sachs (GS, 6.0%). Compared with Q2 2024, it opened 16 new positions, sold out of 12, added to 10 and reduced 6. The biggest buy was a new position in SS SPDR S&P Biotech ETF (XBI) and the biggest sale an exit from Eaton (ETN).
- Most Recent 13F
- Q2 2026
- Location
- WILMINGTON, DE
- CIK
- 0000860645
- Portfolio Value
- $119.2M (Q3 2024)
- SEC Filing
- 0000898432-24-000912 ↗ filed Nov 13, 2024
Holdings Value
Holdings 32 stocks · $119.2M
| KKR KKR & Co. Inc. | 6.56% | 59,925 | $7.8M | Add +42.9% |
| XBI SS SPDR S&P Biotech ETF | 6.36% | 76,769 | $7.6M | New |
| GS Goldman Sachs Group Inc. | 5.97% | 14,372 | $7.1M | Add +38.5% |
| IBKR Interactive Brokers Gro Class A | 5.71% | 48,854 | $6.8M | Add +17.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.64% | 11,715 | $6.7M | Add +83.2% |
| URI United Rentals Inc. | 5.59% | 8,234 | $6.7M | Add +80.8% |
| CSL Carlisle Cos Inc. | 5.08% | 13,466 | $6.1M | Add +21.5% |
| PH Parker Hannifin Corp. | 4.90% | 9,254 | $5.8M | Add +6.0% |
| ISRG Intuitive Surgical Inc. | 4.85% | 11,770 | $5.8M | New |
| NVDA Nvidia Corp. | 4.69% | 46,079 | $5.6M | Reduce -9.4% |
| IJR iShares Core S&P Small-Cap E | 3.20% | 32,655 | $3.8M | New |
| HLT Hilton Worldwide Holdings Inc. | 2.93% | 15,133 | $3.5M | Reduce -5.5% |
| COST Costco Wholesale Corp. | 2.74% | 3,682 | $3.3M | Reduce -8.8% |
| TT Trane Technologies PLC | 2.68% | 8,218 | $3.2M | New |
| ICE Intercontinental Exchange Inc. | 2.65% | 19,633 | $3.2M | New |
| META Meta Platforms Inc. Class A | 2.64% | 5,506 | $3.2M | Reduce -2.6% |
| ABBV Abbvie Inc. | 2.62% | 15,848 | $3.1M | New |
| BRO Brown & Brown Inc. | 2.62% | 30,184 | $3.1M | New |
| AAPL Apple Inc. | 2.53% | 12,928 | $3.0M | New |
| VRTX Vertex Pharmaceuticals Inc. | 2.52% | 6,467 | $3.0M | Reduce -3.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.49% | 17,010 | $3.0M | New |
| TMUS T-Mobile US Inc. | 2.48% | 14,352 | $3.0M | New |
| GOOGL Alphabet Inc. Class A | 2.31% | 16,634 | $2.8M | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 2.28% | 12,894 | $2.7M | New |
| FXI iShares China Large-Cap ETF | 2.17% | 81,510 | $2.6M | New |
| INDA iShares MSCI India ETF | 1.74% | 35,388 | $2.1M | Add +30.6% |
| EWJ iShares MSCI Japan ETF | 1.59% | 26,540 | $1.9M | Add +25.9% |
| SE Sea Ltd.-ADR | 1.30% | 16,490 | $1.6M | Add +68.4% |
| GGAL Grupo Financiero Galicia-ADR | 0.75% | 21,300 | $897K | New |
| XLF SS Financial Select Sector | 0.24% | 6,270 | $284K | New |
| EWS iShares MSCI Singapore ETF | 0.09% | 4,900 | $109K | New |
| EWM iShares MSCI Malaysia ETF | 0.06% | 2,715 | $73K | New |
Portfolio Sells Q2 2024 → Q3 2024
| ETN Eaton Corp. PLC | Sold out | 0.00% | −5.18 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −4.93 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −4.92 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −4.56 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −4.18 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −4.13 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −3.28 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −2.99 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −2.88 |
| MCK McKesson Corp. | Sold out | 0.00% | −2.75 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −2.33 |
| VNM Vaneck Vietnam ETF | Sold out | 0.00% | −0.77 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 2.31% | −0.72 |
| COST Costco Wholesale Corp. | Reduce -8.8% | 2.74% | −0.60 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -5.5% | 2.93% | −0.48 |
| NVDA Nvidia Corp. | Reduce -9.4% | 4.69% | −0.38 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -3.2% | 2.52% | −0.19 |
| META Meta Platforms Inc. Class A | Reduce -2.6% | 2.64% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| XBI SS SPDR S&P Biotech ETF | New | 6.36% | +6.36 |
| ISRG Intuitive Surgical Inc. | New | 4.85% | +4.85 |
| IJR iShares Core S&P Small-Cap E | New | 3.20% | +3.20 |
| TT Trane Technologies PLC | New | 2.68% | +2.68 |
| ICE Intercontinental Exchange Inc. | New | 2.65% | +2.65 |
| ABBV Abbvie Inc. | New | 2.62% | +2.62 |
| BRO Brown & Brown Inc. | New | 2.62% | +2.62 |
| AAPL Apple Inc. | New | 2.53% | +2.53 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 2.49% | +2.49 |
| TMUS T-Mobile US Inc. | New | 2.48% | +2.48 |
| KKR KKR & Co. Inc. | Add +42.9% | 6.56% | +2.46 |
| URI United Rentals Inc. | Add +80.8% | 5.59% | +2.38 |
| JPM JPMorgan Chase & Co. | New | 2.28% | +2.28 |
| FXI iShares China Large-Cap ETF | New | 2.17% | +2.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +83.2% | 5.64% | +1.54 |
| GS Goldman Sachs Group Inc. | Add +38.5% | 5.97% | +1.40 |
| GGAL Grupo Financiero Galicia-ADR | New | 0.75% | +0.75 |
| IBKR Interactive Brokers Gro Class A | Add +17.3% | 5.71% | +0.74 |
| CSL Carlisle Cos Inc. | Add +21.5% | 5.08% | +0.71 |
| SE Sea Ltd.-ADR | Add +68.4% | 1.30% | +0.62 |
| XLF SS Financial Select Sector | New | 0.24% | +0.24 |
| EWS iShares MSCI Singapore ETF | New | 0.09% | +0.09 |
| EWM iShares MSCI Malaysia ETF | New | 0.06% | +0.06 |
| PH Parker Hannifin Corp. | Add +6.0% | 4.90% | −0.03 |
| INDA iShares MSCI India ETF | Add +30.6% | 1.74% | −0.32 |
| EWJ iShares MSCI Japan ETF | Add +25.9% | 1.59% | −2.29 |
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 |