MARVIN & PALMER ASSOCIATES INC

Hedge Fund • Long/Short

MARVIN & PALMER ASSOCIATES INC is a Long/Short Hedge Fund based in Wilmington, DE led by David Fred Marvin, reporting $169.0M in AUM as of Q3 2025 with 34% Financial Services concentration and 64% concentrated in top 10 holdings.

CEODavid Fred Marvin

Portfolio Value: $134.6M
Positions: 27
Top Holding: AVGO at 9.01%
Last Reported: Q3 2025

Address3711 Kennett Pike, Suite 120, Wilmington, DE, 19807, United States

Top Holdings

Largest long holdings in MARVIN & PALMER ASSOCIATES INC's portfolio (64.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Broadcom Inc. AVGO	Semiconductors Technology	$12.1M	9.01%	+$7.9M Bought	0.00% 32.8K shares	Q2 2025 Held for 5 months
2 Nvidia NVDA	Semiconductors Technology	$11.8M	8.77%	+$3.4M Bought	0.00% 58.3K shares	Q3 2023 Held for 2y 2m
3 Goldman Sachs Group GS	Financial - Capital Markets Financial Services	$8.8M	6.56%	+$3.2M Bought	0.00% 11.2K shares	Q2 2024 Held for 1y 5m
4 Morgan Stanley MS	Financial - Capital Markets Financial Services	$8.6M	6.41%	+$3.1M Bought	0.00% 52.6K shares	Q4 2024 Held for 11 months
5 Interactive Brokers Group, Inc. IBKR	Financial - Capital Markets Financial Services	$8.2M	6.13%	+$1.9M Bought	0.03% 117.2K shares	Q2 2024 Held for 1y 5m
6 JPMorgan Chase JPM	Banks - Diversified Financial Services	$8.2M	6.13%	+$2.7M Bought	0.00% 26.5K shares	Q3 2024 Held for 1y 2m
7 Oracle ORCL	Software - Infrastructure Technology	$7.9M	5.91%	-$100.1K Sold	0.00% 30.3K shares	Q4 2024 Held for 11 months
8 Citigroup C	Banks - Diversified Financial Services	$7.7M	5.74%	+$7.7M New	0.00% 76.3K shares	Q3 2025 Held for 2 months
9 Raytheon Technologies RTX	Aerospace & Defense Industrials	$6.4M	4.79%	-$36.9K Sold	0.00% 36.1K shares	Q1 2025 Held for 8 months
10 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$6.2M	4.64%	+$6.2M Bought	0.00% 22.2K shares	Q3 2025 Held for 2 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MARVIN & PALMER ASSOCIATES INC's latest filing

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Market Value

$134.6M

Prior: $116.6M

Q/Q Change

+15.37%

+$17.9M

Net Flows % of MV

-13.03%

Turnover Ratio

48.59%

New Purchases

6 stocks

$21.8M

Added To

9 stocks

+$22.6M

Sold Out Of

17 stocks

$60.6M

Reduced Holdings

6 stocks

-$1.3M

Increased Positions

Position	Shares Δ	Change
1 Citigroup C	New	0 → 76.3K +$7.7M
2 Micron Technology MU	New	0 → 18.2K +$4.1M
3 Cameco CCJ	New	0 → 37.9K +$3.9M
4 Bank of America BAC	New	0 → 65.0K +$3.5M
5 iShares MSCI Israel EIS	New	0 → 23.4K +$2.4M

Decreased Positions

Position	Shares Δ	Change
1 Invesco QQQ Trust QQQ	Sold	19.2K → 0 −$10.6M
2 Cisco Systems, Inc. CSCO	Sold	96.2K → 0 −$6.7M
3 International Business Machines IBM	Sold	21.8K → 0 −$6.4M
4 EWG iShares MSCI Germany EWG	Sold	104.2K → 0 −$4.4M
5 Charles Schwab Corporation SCHW	Sold	40.1K → 0 −$3.7M