Marvin & Palmer Associates Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Marvin & Palmer Associates Inc. reported 27 stock positions worth $130.9 million. Its top holding was Amazon.com (AMZN) at 6.3% of the portfolio, followed by Goldman Sachs (GS, 5.8%) and Ameriprise Financial (AMP, 5.6%). Compared with Q3 2024, it opened 10 new positions, sold out of 15, added to 6 and reduced 10. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from SS SPDR S&P Biotech ETF (XBI).
- Most Recent 13F
- Q2 2026
- Location
- WILMINGTON, DE
- CIK
- 0000860645
- Portfolio Value
- $130.9M (Q4 2024)
- SEC Filing
- 0000898432-25-000095 ↗ filed Feb 7, 2025
Holdings Value
Holdings 27 stocks · $130.9M
| AMZN Amazon.com Inc. | 6.34% | 37,858 | $8.3M | New |
| GS Goldman Sachs Group Inc. | 5.77% | 13,191 | $7.6M | Reduce -8.2% |
| AMP Ameriprise Financial Inc. | 5.59% | 13,749 | $7.3M | New |
| KKR KKR & Co. Inc. | 5.58% | 49,377 | $7.3M | Reduce -17.6% |
| IBKR Interactive Brokers Gro Class A | 5.56% | 41,211 | $7.3M | Reduce -15.6% |
| BX Blackstone Inc. | 5.36% | 40,691 | $7.0M | New |
| MS Morgan Stanley | 5.22% | 54,377 | $6.8M | New |
| PH Parker Hannifin Corp. | 5.03% | 10,357 | $6.6M | Add +11.9% |
| ORCL Oracle Corp. | 4.71% | 37,005 | $6.2M | New |
| NVDA Nvidia Corp. | 4.71% | 45,917 | $6.2M | Reduce -0.3% |
| ISRG Intuitive Surgical Inc. | 4.67% | 11,720 | $6.1M | Reduce -0.4% |
| AAPL Apple Inc. | 4.63% | 24,194 | $6.1M | Add +87.1% |
| TMUS T-Mobile US Inc. | 3.79% | 22,461 | $5.0M | Add +56.5% |
| TT Trane Technologies PLC | 3.67% | 13,017 | $4.8M | Add +58.4% |
| QQQ Invesco QQQ Trust Series 1 | 3.64% | 9,320 | $4.8M | New |
| HLT Hilton Worldwide Holdings Inc. | 2.57% | 13,606 | $3.4M | Reduce -10.1% |
| COST Costco Wholesale Corp. | 2.55% | 3,645 | $3.3M | Reduce -1.0% |
| NOW ServiceNow Inc. | 2.45% | 3,031 | $3.2M | New |
| META Meta Platforms Inc. Class A | 2.43% | 5,439 | $3.2M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 2.34% | 12,799 | $3.1M | Reduce -0.7% |
| URI United Rentals Inc. | 2.22% | 4,133 | $2.9M | Reduce -49.8% |
| LOW Lowe's Cos Inc. | 2.22% | 11,759 | $2.9M | New |
| XLF SS Financial Select Sector | 2.21% | 59,760 | $2.9M | Add +853.1% |
| MRVL Marvell Technology Inc. | 2.03% | 24,104 | $2.7M | New |
| GGAL Grupo Financiero Galicia-ADR | 1.87% | 39,370 | $2.5M | Add +84.8% |
| LITE Lumentum Holdings Inc. | 1.47% | 22,990 | $1.9M | New |
| SE Sea Ltd.-ADR | 1.34% | 16,490 | $1.7M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −6.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −5.64 |
| CSL Carlisle Cos Inc. | Sold out | 0.00% | −5.08 |
| URI United Rentals Inc. | Reduce -49.8% | 2.22% | −3.37 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −3.20 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −2.65 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −2.62 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −2.62 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −2.52 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −2.49 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −2.31 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −2.17 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −1.74 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −1.59 |
| KKR KKR & Co. Inc. | Reduce -17.6% | 5.58% | −0.98 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -10.1% | 2.57% | −0.36 |
| META Meta Platforms Inc. Class A | Reduce -1.2% | 2.43% | −0.21 |
| GS Goldman Sachs Group Inc. | Reduce -8.2% | 5.77% | −0.20 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 2.55% | −0.19 |
| ISRG Intuitive Surgical Inc. | Reduce -0.4% | 4.67% | −0.18 |
| IBKR Interactive Brokers Gro Class A | Reduce -15.6% | 5.56% | −0.15 |
| EWS iShares MSCI Singapore ETF | Sold out | 0.00% | −0.09 |
| EWM iShares MSCI Malaysia ETF | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Reduce -0.3% | 4.71% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 2.34% | +0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | New | 6.34% | +6.34 |
| AMP Ameriprise Financial Inc. | New | 5.59% | +5.59 |
| BX Blackstone Inc. | New | 5.36% | +5.36 |
| MS Morgan Stanley | New | 5.22% | +5.22 |
| ORCL Oracle Corp. | New | 4.71% | +4.71 |
| QQQ Invesco QQQ Trust Series 1 | New | 3.64% | +3.64 |
| NOW ServiceNow Inc. | New | 2.45% | +2.45 |
| LOW Lowe's Cos Inc. | New | 2.22% | +2.22 |
| AAPL Apple Inc. | Add +87.1% | 4.63% | +2.10 |
| MRVL Marvell Technology Inc. | New | 2.03% | +2.03 |
| XLF SS Financial Select Sector | Add +853.1% | 2.21% | +1.97 |
| LITE Lumentum Holdings Inc. | New | 1.47% | +1.47 |
| TMUS T-Mobile US Inc. | Add +56.5% | 3.79% | +1.30 |
| GGAL Grupo Financiero Galicia-ADR | Add +84.8% | 1.87% | +1.12 |
| TT Trane Technologies PLC | Add +58.4% | 3.67% | +0.99 |
| PH Parker Hannifin Corp. | Add +11.9% | 5.03% | +0.13 |
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 |