Marvin & Palmer Associates Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Marvin & Palmer Associates Inc. reported 21 stock positions worth $83.5 million. Its top holding was Nvidia (NVDA) at 11.7% of the portfolio, followed by RTX (RTX, 7.7%) and Valero Energy (VLO, 4.8%). Compared with Q4 2025, it opened 6 new positions, sold out of 12, added to 3 and reduced 12. The biggest buy was a new position in Valero Energy (VLO) and the biggest sale an exit from Broadcom (AVGO).
- Most Recent 13F
- Q2 2026
- Location
- WILMINGTON, DE
- CIK
- 0000860645
- Portfolio Value
- $83.5M (Q1 2026)
- SEC Filing
- 0002080880-26-000009 ↗ filed May 8, 2026
Holdings Value
Holdings 21 stocks · $83.5M
| NVDA Nvidia Corp. | 11.68% | 55,957 | $9.8M | Add +0.1% |
| RTX RTX Corp. | 7.66% | 33,179 | $6.4M | Reduce -7.8% |
| VLO Valero Energy Corp. | 4.79% | 16,210 | $4.0M | New |
| XBI SS SPDR S&P Biotech ETF | 4.61% | 30,136 | $3.8M | Add +11.9% |
| TSM Taiwan Semiconductor-SP ADR | 4.55% | 11,236 | $3.8M | Reduce -10.9% |
| C Citigroup Inc. | 4.52% | 33,290 | $3.8M | Reduce -60.4% |
| BKR Baker Hughes Co. | 4.50% | 61,525 | $3.8M | New |
| CAT Caterpillar Inc. | 4.47% | 5,270 | $3.7M | Reduce -18.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 4.46% | 23,311 | $3.7M | Reduce -0.1% |
| IBB iShares Biotechnology ETF | 4.41% | 21,824 | $3.7M | Reduce -48.3% |
| GS Goldman Sachs Group Inc. | 4.35% | 4,295 | $3.6M | Reduce -60.5% |
| AME Ametek Inc. | 4.34% | 16,917 | $3.6M | New |
| PH Parker Hannifin Corp. | 4.22% | 3,939 | $3.5M | Add +0.0% |
| CCJ Cameco Corp. | 4.20% | 32,274 | $3.5M | Reduce -14.3% |
| APH Amphenol Corp. Class A | 4.09% | 27,070 | $3.4M | Reduce -0.1% |
| NEE Nextera Energy Inc. | 4.08% | 36,655 | $3.4M | New |
| GOOGL Alphabet Inc. Class A | 3.99% | 11,579 | $3.3M | Reduce -57.9% |
| PWR Quanta Services Inc. | 3.89% | 5,917 | $3.2M | New |
| AAPL Apple Inc. | 3.83% | 12,599 | $3.2M | Reduce -47.6% |
| DE Deere & Co. | 3.73% | 5,536 | $3.1M | New |
| NEM Newmont Corp. | 3.64% | 28,090 | $3.0M | Reduce -58.9% |
Portfolio Sells Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Sold out | 0.00% | −6.45 |
| MS Morgan Stanley | Sold out | 0.00% | −6.37 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −4.77 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −3.01 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −2.75 |
| BAC Bank of America Corp. | Sold out | 0.00% | −2.69 |
| COR Cencora Inc. | Sold out | 0.00% | −2.41 |
| C Citigroup Inc. | Reduce -60.4% | 4.52% | −2.40 |
| GS Goldman Sachs Group Inc. | Reduce -60.5% | 4.35% | −2.40 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −2.27 |
| GOOGL Alphabet Inc. Class A | Reduce -57.9% | 3.99% | −2.10 |
| TSLA Tesla Inc. | Sold out | 0.00% | −1.60 |
| ILF iShares Latin America 40 ETF | Sold out | 0.00% | −1.49 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −1.48 |
| NEM Newmont Corp. | Reduce -58.9% | 3.64% | −1.18 |
| ECH iShares MSCI Chile ETF | Sold out | 0.00% | −0.81 |
| AAPL Apple Inc. | Reduce -47.6% | 3.83% | −0.79 |
| IBB iShares Biotechnology ETF | Reduce -48.3% | 4.41% | −0.62 |
| APH Amphenol Corp. Class A | Reduce -0.1% | 4.09% | +1.51 |
| CCJ Cameco Corp. | Reduce -14.3% | 4.20% | +1.76 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -10.9% | 4.55% | +1.84 |
| CAT Caterpillar Inc. | Reduce -18.7% | 4.47% | +1.85 |
| TJX TJX Companies Inc. | Reduce -0.1% | 4.46% | +1.92 |
| RTX RTX Corp. | Reduce -7.8% | 7.66% | +3.00 |
Portfolio Buys Q4 2025 → Q1 2026
| VLO Valero Energy Corp. | New | 4.79% | +4.79 |
| BKR Baker Hughes Co. | New | 4.50% | +4.50 |
| AME Ametek Inc. | New | 4.34% | +4.34 |
| NVDA Nvidia Corp. | Add +0.1% | 11.68% | +4.31 |
| NEE Nextera Energy Inc. | New | 4.08% | +4.08 |
| PWR Quanta Services Inc. | New | 3.89% | +3.89 |
| DE Deere & Co. | New | 3.73% | +3.73 |
| XBI SS SPDR S&P Biotech ETF | Add +11.9% | 4.61% | +2.29 |
| PH Parker Hannifin Corp. | Add +0.0% | 4.22% | +1.78 |
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 |