Marvin & Palmer Associates Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Marvin & Palmer Associates Inc. reported 27 stock positions worth $134.6 million. Its top holding was Broadcom (AVGO) at 9.0% of the portfolio, followed by Nvidia (NVDA, 8.8%) and Goldman Sachs (GS, 6.6%). Compared with Q2 2025, it opened 12 new positions, sold out of 17, added to 9 and reduced 6. The biggest buy was Broadcom (AVGO, shares +189%) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).
- Most Recent 13F
- Q2 2026
- Location
- WILMINGTON, DE
- CIK
- 0000860645
- Portfolio Value
- $134.6M (Q3 2025)
- SEC Filing
- 0002080880-25-000008 ↗ filed Nov 13, 2025
Holdings Value
Holdings 27 stocks · $134.6M
| AVGO Broadcom Inc. | 9.01% | 32,794 | $12.1M | Add +188.9% |
| NVDA Nvidia Corp. | 8.77% | 58,253 | $11.8M | Add +40.6% |
| GS Goldman Sachs Group Inc. | 6.56% | 11,179 | $8.8M | Add +57.8% |
| MS Morgan Stanley | 6.41% | 52,601 | $8.6M | Add +54.8% |
| IBKR Interactive Brokers Gro Class A | 6.13% | 117,225 | $8.2M | Add +29.8% |
| JPM JPMorgan Chase & Co. | 6.13% | 26,501 | $8.2M | Add +50.0% |
| ORCL Oracle Corp. | 5.91% | 30,261 | $7.9M | Reduce -1.2% |
| C Citigroup Inc. | 5.74% | 76,280 | $7.7M | New |
| RTX RTX Corp. | 4.79% | 36,101 | $6.4M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 4.64% | 22,209 | $6.2M | New |
| NEM Newmont Corp. | 4.33% | 71,889 | $5.8M | New |
| APH Amphenol Corp. Class A | 3.04% | 29,309 | $4.1M | Reduce -7.6% |
| MU Micron Technology Inc. | 3.03% | 18,206 | $4.1M | New |
| CAT Caterpillar Inc. | 3.02% | 7,033 | $4.1M | New |
| CCJ Cameco Corp. | 2.88% | 37,895 | $3.9M | New |
| WELL Welltower Inc. | 2.65% | 19,691 | $3.6M | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.58% | 65,002 | $3.5M | New |
| COR Cencora Inc. | 2.53% | 10,097 | $3.4M | New |
| PH Parker Hannifin Corp. | 2.27% | 3,957 | $3.1M | Reduce -0.9% |
| EPOL iShares MSCI Poland ETF | 2.00% | 79,780 | $2.7M | Reduce -23.0% |
| META Meta Platforms Inc. Class A | 1.90% | 3,938 | $2.6M | New |
| EIS iShares MSCI Israel ETF | 1.78% | 23,443 | $2.4M | New |
| EWJ iShares MSCI Japan ETF | 1.75% | 28,200 | $2.4M | Add +10.6% |
| TSLA Tesla Inc. | 1.73% | 5,086 | $2.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 820 | $246K | New |
| EWP iShares MSCI Spain ETF | 0.16% | 4,260 | $214K | Add +67.7% |
| VNM Vaneck Vietnam ETF | 0.10% | 8,040 | $140K | Add +48.1% |
Portfolio Sells Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −9.08 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −5.72 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −5.52 |
| EWG iShares MSCI Germany ETF | Sold out | 0.00% | −3.78 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −3.14 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −3.12 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −3.02 |
| EBAY eBay Inc. | Sold out | 0.00% | −2.91 |
| NFLX Netflix Inc. | Sold out | 0.00% | −2.68 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −2.62 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −2.58 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −2.51 |
| TT Trane Technologies PLC | Sold out | 0.00% | −2.42 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −1.62 |
| EPOL iShares MSCI Poland ETF | Reduce -23.0% | 2.00% | −0.87 |
| UAE iShares MSCI Uae ETF | Sold out | 0.00% | −0.82 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.34 |
| PH Parker Hannifin Corp. | Reduce -0.9% | 2.27% | −0.12 |
| EWS iShares MSCI Singapore ETF | Sold out | 0.00% | −0.09 |
| WELL Welltower Inc. | Reduce -0.8% | 2.65% | +0.03 |
| ORCL Oracle Corp. | Reduce -1.2% | 5.91% | +0.16 |
| RTX RTX Corp. | Reduce -0.6% | 4.79% | +0.24 |
| APH Amphenol Corp. Class A | Reduce -7.6% | 3.04% | +0.35 |
Portfolio Buys Q2 2025 → Q3 2025
| AVGO Broadcom Inc. | Add +188.9% | 9.01% | +6.33 |
| C Citigroup Inc. | New | 5.74% | +5.74 |
| GOOGL Alphabet Inc. Class A | New | 4.64% | +4.64 |
| NEM Newmont Corp. | New | 4.33% | +4.33 |
| NVDA Nvidia Corp. | Add +40.6% | 8.77% | +3.16 |
| MU Micron Technology Inc. | New | 3.03% | +3.03 |
| CAT Caterpillar Inc. | New | 3.02% | +3.02 |
| CCJ Cameco Corp. | New | 2.88% | +2.88 |
| BAC Bank of America Corp. | New | 2.58% | +2.58 |
| COR Cencora Inc. | New | 2.53% | +2.53 |
| MS Morgan Stanley | Add +54.8% | 6.41% | +2.31 |
| GS Goldman Sachs Group Inc. | Add +57.8% | 6.56% | +2.26 |
| META Meta Platforms Inc. Class A | New | 1.90% | +1.90 |
| IBKR Interactive Brokers Gro Class A | Add +29.8% | 6.13% | +1.84 |
| EIS iShares MSCI Israel ETF | New | 1.78% | +1.78 |
| JPM JPMorgan Chase & Co. | Add +50.0% | 6.13% | +1.73 |
| TSLA Tesla Inc. | New | 1.73% | +1.73 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.18% | +0.18 |
| EWJ iShares MSCI Japan ETF | Add +10.6% | 1.75% | +0.11 |
| EWP iShares MSCI Spain ETF | Add +67.7% | 0.16% | +0.06 |
| VNM Vaneck Vietnam ETF | Add +48.1% | 0.10% | +0.04 |
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 |