Marvin & Palmer Associates INC — Q4 2025 13F Holdings

Name: Marvin & Palmer Associates INC — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0000860645

Total reported value

$83.5M

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	7.37%	+4.31%	-3.99%
2	C	Citigroup INC	Stock-Financials	6.92%	-2.40%	+10.08%
3	GS	Goldman Sachs Group INC	Stock-Financials	6.75%	-2.40%	-2.78%
4	AVGO	Broadcom INC	Stock-Tech	6.45%	-6.45%	EXIT
5	MS	Morgan Stanley	Stock-Financials	6.37%	-6.37%	EXIT
6	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	6.09%	-2.10%	+23.95%
7	IBB	Ishares Biotechnology ETF	ETF-Tech	5.03%	-0.62%	—
8	NEM	Newmont CORP	Stock-Materials	4.82%	-1.18%	-4.95%
9	XLV	Ss Health Care Select Sector	ETF-Other	4.77%	-4.77%	EXIT
10	RTX	Rtx CORP	Stock-Industrials	4.66%	+3.00%	-0.31%
11	AAPL	Apple INC	Stock-Tech	4.62%	-0.79%	—
12	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	3.01%	-3.01%	EXIT
13	JPM	Jpmorgan Chase & Co	Stock-Financials	2.75%	-2.75%	EXIT
14	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	2.71%	+1.84%	+1437.20%
15	BAC	Bank Of America CORP	Stock-Financials	2.69%	-2.69%	EXIT
16	CAT	Caterpillar INC	Stock-Industrials	2.62%	+1.85%	-7.79%
17	APH	Amphenol Corp-cl A	Stock-Tech	2.59%	+1.50%	-7.54%
18	TJX	Tjx Companies INC	Stock-Consumer Disc	2.53%	+1.93%	—
19	PH	Parker Hannifin CORP	Stock-Industrials	2.44%	+1.78%	-0.48%
20	CCJ	Cameco CORP	Stock-Energy	2.43%	+1.77%	-0.59%
21	COR	Cencora INC	Stock-Healthcare	2.41%	-2.41%	EXIT
22	XBI	Ss Spdr S&p Biotech ETF	ETF-Tech	2.32%	+2.29%	—
23	AMZN	Amazon.com INC	Stock-Consumer Disc	2.27%	-2.27%	EXIT
24	TSLA	Tesla INC	Stock-Consumer Disc	1.60%	-1.60%	EXIT
25	ILF	Ishares Latin America 40 ETF	ETF-Other	1.49%	-1.49%	EXIT
26	EWJ	Ishares Msci Japan ETF	ETF-Other	1.48%	-1.48%	EXIT
27	ECH	Ishares Msci Chile ETF	ETF-Other	0.81%	-0.81%	EXIT

Position changes disclosed by Marvin & Palmer Associates INC for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TSM	Taiwan Semiconductor-sp Adr	+2.5%	+1437.20%	Add
2	GOOGL	Alphabet Inc-cl A	+1.5%	+23.95%	Add
3	C	Citigroup INC	+1.2%	+10.08%	Add
4	NEM	Newmont CORP	+0.5%	-4.95%	Trim
5	GS	Goldman Sachs Group INC	+0.2%	-2.78%	Trim
6	PH	Parker Hannifin CORP	+0.2%	-0.48%	Trim
7	BAC	Bank Of America CORP	+0.1%	+6.47%	Add
8	MS	Morgan Stanley	0%	-3.39%	Trim
9	COR	Cencora INC	-0.1%	-0.05%	Trim
10	RTX	Rtx CORP	-0.1%	-0.31%	Trim
11	TSLA	Tesla INC	-0.1%	-0.69%	Trim
12	EWJ	Ishares Msci Japan ETF	-0.3%	-7.80%	Trim
13	CAT	Caterpillar INC	-0.4%	-7.79%	Trim
14	CCJ	Cameco CORP	-0.5%	-0.59%	Trim
15	APH	Amphenol Corp-cl A	-0.5%	-7.54%	Trim
16	NVDA	Nvidia CORP	-1.4%	-3.99%	Trim
17	AVGO	Broadcom INC	-2.6%	-19.57%	Trim
18	JPM	Jpmorgan Chase & Co	-3.4%	-54.45%	Trim
19	IBKR	Interactive Brokers Gro-cl A	—	EXIT	Sold out
20	ORCL	Oracle CORP	—	EXIT	Sold out
21	IBB	Ishares Biotechnology ETF	—	NEW	New buy
22	XLV	Ss Health Care Select Sector	—	NEW	New buy
23	AAPL	Apple INC	—	NEW	New buy
24	IJR	Ishares Core S&p Small-cap E	—	NEW	New buy
25	MU	Micron Technology INC	—	EXIT	Sold out
26	TJX	Tjx Companies INC	—	NEW	New buy
27	WELL	Welltower INC	—	EXIT	Sold out
28	XBI	Ss Spdr S&p Biotech ETF	—	NEW	New buy
29	AMZN	Amazon.com INC	—	NEW	New buy
30	EPOL	Ishares Msci Poland ETF	—	EXIT	Sold out
31	META	Meta Platforms Inc-class A	—	EXIT	Sold out
32	EIS	Ishares Msci Israel ETF	—	EXIT	Sold out
33	ILF	Ishares Latin America 40 ETF	—	NEW	New buy
34	ECH	Ishares Msci Chile ETF	—	NEW	New buy
35	EWP	Ishares Msci Spain ETF	—	EXIT	Sold out
36	VNM	Vaneck Vietnam ETF	—	EXIT	Sold out