Marvin & Palmer Associates Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Marvin & Palmer Associates Inc. reported 23 stock positions worth $67.0 million. Its top holding was O'reilly Automotive (ORLY) at 5.1% of the portfolio, followed by Cardinal Health (CAH, 4.8%) and Cisco Systems (CSCO, 4.8%). Compared with Q4 2024, it opened 11 new positions, sold out of 15 and reduced 11. The biggest buy was a new position in O'reilly Automotive (ORLY) and the biggest sale an exit from KKR (KKR).
- Most Recent 13F
- Q2 2026
- Location
- WILMINGTON, DE
- CIK
- 0000860645
- Portfolio Value
- $67.0M (Q1 2025)
- SEC Filing
- 0000898432-25-000317 ↗ filed May 7, 2025
Holdings Value
Holdings 23 stocks · $67.0M
| ORLY O'reilly Automotive Inc. | 5.07% | 2,369 | $3.4M | New |
| CAH Cardinal Health Inc. | 4.85% | 23,558 | $3.2M | New |
| CSCO Cisco Systems Inc. | 4.81% | 52,223 | $3.2M | New |
| PH Parker Hannifin Corp. | 4.81% | 5,298 | $3.2M | Reduce -48.9% |
| TMUS T-Mobile US Inc. | 4.80% | 12,061 | $3.2M | Reduce -46.3% |
| COST Costco Wholesale Corp. | 4.77% | 3,375 | $3.2M | Reduce -7.4% |
| SCHW Schwab (charles) Corp. | 4.76% | 40,726 | $3.2M | New |
| V Visa Inc. Class A | 4.69% | 8,966 | $3.1M | New |
| JPM JPMorgan Chase & Co. | 4.69% | 12,799 | $3.1M | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 4.67% | 9,066 | $3.1M | New |
| AMP Ameriprise Financial Inc. | 4.62% | 6,384 | $3.1M | Reduce -53.6% |
| GS Goldman Sachs Group Inc. | 4.58% | 5,612 | $3.1M | Reduce -57.5% |
| RTX RTX Corp. | 4.46% | 22,532 | $3.0M | New |
| EBAY eBay Inc. | 4.42% | 43,675 | $3.0M | New |
| META Meta Platforms Inc. Class A | 4.34% | 5,039 | $2.9M | Reduce -7.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 4.30% | 11,592 | $2.9M | New |
| AAPL Apple Inc. | 4.24% | 12,794 | $2.8M | Reduce -47.1% |
| AMZN Amazon.com Inc. | 4.22% | 14,838 | $2.8M | Reduce -60.8% |
| MS Morgan Stanley | 4.20% | 24,097 | $2.8M | Reduce -55.7% |
| ISRG Intuitive Surgical Inc. | 4.17% | 5,644 | $2.8M | Reduce -51.8% |
| NVDA Nvidia Corp. | 3.41% | 21,070 | $2.3M | Reduce -54.1% |
| EPOL iShares MSCI Poland ETF | 3.03% | 72,480 | $2.0M | New |
| UAE iShares MSCI Uae ETF | 2.09% | 82,270 | $1.4M | New |
Portfolio Sells Q4 2024 → Q1 2025
| KKR KKR & Co. Inc. | Sold out | 0.00% | −5.58 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −5.56 |
| BX Blackstone Inc. | Sold out | 0.00% | −5.36 |
| ORCL Oracle Corp. | Sold out | 0.00% | −4.71 |
| TT Trane Technologies PLC | Sold out | 0.00% | −3.67 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −3.64 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −2.57 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −2.45 |
| URI United Rentals Inc. | Sold out | 0.00% | −2.22 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −2.22 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −2.21 |
| AMZN Amazon.com Inc. | Reduce -60.8% | 4.22% | −2.13 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −2.03 |
| GGAL Grupo Financiero Galicia-ADR | Sold out | 0.00% | −1.87 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −1.47 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −1.34 |
| NVDA Nvidia Corp. | Reduce -54.1% | 3.41% | −1.30 |
| GS Goldman Sachs Group Inc. | Reduce -57.5% | 4.58% | −1.19 |
| MS Morgan Stanley | Reduce -55.7% | 4.20% | −1.02 |
| AMP Ameriprise Financial Inc. | Reduce -53.6% | 4.62% | −0.98 |
| ISRG Intuitive Surgical Inc. | Reduce -51.8% | 4.17% | −0.50 |
| AAPL Apple Inc. | Reduce -47.1% | 4.24% | −0.38 |
| PH Parker Hannifin Corp. | Reduce -48.9% | 4.81% | −0.22 |
| TMUS T-Mobile US Inc. | Reduce -46.3% | 4.80% | +1.02 |
| META Meta Platforms Inc. Class A | Reduce -7.3% | 4.34% | +1.90 |
| COST Costco Wholesale Corp. | Reduce -7.4% | 4.77% | +2.22 |
Portfolio Buys Q4 2024 → Q1 2025
| ORLY O'reilly Automotive Inc. | New | 5.07% | +5.07 |
| CAH Cardinal Health Inc. | New | 4.85% | +4.85 |
| CSCO Cisco Systems Inc. | New | 4.81% | +4.81 |
| SCHW Schwab (charles) Corp. | New | 4.76% | +4.76 |
| V Visa Inc. Class A | New | 4.69% | +4.69 |
| AJG Arthur J Gallagher & Co. | New | 4.67% | +4.67 |
| RTX RTX Corp. | New | 4.46% | +4.46 |
| EBAY eBay Inc. | New | 4.42% | +4.42 |
| IBM Intl Business Machines Corp. | New | 4.30% | +4.30 |
| EPOL iShares MSCI Poland ETF | New | 3.03% | +3.03 |
| UAE iShares MSCI Uae ETF | New | 2.09% | +2.09 |
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 |