MARVIN & PALMER ASSOCIATES INC's Q1 2023 13F: 9 new positions, 11 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 12, 2023 · 25 reported positions · accession 0000898432-23-000294
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | Charles Schwab Corporation (SCHW) | 5.3% | — | −5.3 pts | −120K sh | −100% |
| Exited | Arthur J. Gallagher & Co. (AJG) | 5.1% | — | −5.1 pts | −51,443 sh | −100% |
| Exited | iShares Russell 2000 ETF (IWM) | 4.9% | — | −4.9 pts | −53,607 sh | −100% |
| New | Caterpillar Inc. (CAT) | — | 4.7% | +4.7 pts | +40,427 sh | new |
| Exited | Cheniere Energy Inc. (LNG) | 4.7% | — | −4.7 pts | −58,972 sh | −100% |
| New | Analog Devices Inc. (ADI) | — | 4.5% | +4.5 pts | +45,770 sh | new |
| New | HCA Healthcare Inc. (HCA) | — | 4.5% | +4.5 pts | +33,928 sh | new |
| Exited | UnitedHealth Group Incorporated (UNH) | 4.5% | — | −4.5 pts | −16,114 sh | −100% |
| Increased | Applied Materials, Inc. (AMAT) | 0.4% | 5.0% | +4.6 pts | +72,461 sh | +897% |
| New | Arista Networks Inc. (ANET) | — | 4.4% | +4.4 pts | +52,400 sh | new |
| Exited | Northrop Grumman Corporation (NOC) | 4.3% | — | −4.3 pts | −15,135 sh | −100% |
| New | Amertek, Inc. (AME) | — | 4.2% | +4.2 pts | +56,720 sh | new |
| New | Parker-Hannifin Corp. (PH) | — | 4.0% | +4.0 pts | +23,570 sh | new |
| Exited | J.B. Hunt Transport Services, Inc. (JBHT) | 4.0% | — | −4.0 pts | −43,083 sh | −100% |
| Exited | Enpase Energy, Inc. (ENPH) | 3.5% | — | −3.5 pts | −24,969 sh | −100% |
| Increased | Deere & Company (DE) | 4.3% | 5.2% | +0.8 pts | +5,670 sh | +29% |
| Increased | Amphenol Corporation (APH) | 3.7% | 5.0% | +1.2 pts | +27,833 sh | +30% |
| Exited | iShares MSCI India ETF (INDA) | 1.0% | — | −1.0 pts | −47,325 sh | −100% |
| New | iShares MSCI Singapore ETF (EWS) | — | 0.8% | +0.8 pts | +84,730 sh | new |
| New | iShares MSCI Mexico ETF (EWW) | — | 0.8% | +0.8 pts | +27,150 sh | new |
| New | iShares MSCI Thailand ETF (THD) | — | 0.8% | +0.8 pts | +20,920 sh | new |
| Exited | ICICI Bank Limited (IBN) | 0.7% | — | −0.7 pts | −62,150 sh | −100% |
| Exited | Fabrinet (FN) | 0.6% | — | −0.6 pts | −9,410 sh | −100% |
| Increased | AutoZone, Inc. (AZO) | 5.5% | 5.8% | +0.3 pts | +483 sh | +12% |
| Increased | Vertex Pharmaceuticals Inc. (VRTX) | 6.0% | 6.8% | +0.8 pts | +3,472 sh | +9% |
| Increased | Walmart Inc. (WMT) | 4.3% | 4.8% | +0.5 pts | +6,873 sh | +12% |
| Increased | Sea Limited (SE) | 0.6% | 1.4% | +0.8 pts | +10,330 sh | +48% |
| Increased | Thermo Fisher Scientific, Inc. (TMO) | 3.8% | 4.2% | +0.4 pts | +1,489 sh | +11% |
| Increased | Apple Inc. (AAPL) | 3.2% | 4.3% | +1.1 pts | +5,203 sh | +11% |
| Increased | Raytheon Company (RTX) | 4.2% | 4.3% | +0.1 pts | +7,886 sh | +10% |
| Reduced | AmerisourceBergen Corp. (COR) | 5.6% | 4.8% | −0.7 pts | −3,830 sh | −6% |
| Reduced | Old Dominion Freight Line Inc. (ODFL) | 3.5% | 3.9% | +0.4 pts | −736 sh | −3% |
| Increased | Goldman Sachs Group Inc. (GS) | 5.2% | 4.9% | −0.3 pts | +669 sh | +2% |
| Increased | Ameriprise Financial, Inc. (AMP) | 5.3% | 5.0% | −0.2 pts | +364 sh | +1% |
| Increased | Morgan Stanley (MS) | 4.9% | 4.9% | 0.0 pts | +762 sh | +1% |
| Reduced | Novo Nordisk A/S (NVO) | 0.9% | 1.0% | +0.1 pts | −178 sh | −1% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 52.1% of the equity book
Changes in the top 10 this quarter: DE entered · AMAT entered · APH entered · WMT entered · SCHW left · AJG left · IWM left · LNG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals Inc. (VRTX) | 6.0% | 6.8% | |
| 2 | AutoZone, Inc. (AZO) | 5.5% | 5.8% | |
| 3 | Deere & Company (DE) | 4.3% | 5.2% | Entered the top 10 |
| 4 | Ameriprise Financial, Inc. (AMP) | 5.3% | 5.0% | |
| 5 | Applied Materials, Inc. (AMAT) | 0.4% | 5.0% | Entered the top 10 |
| 6 | Amphenol Corporation (APH) | 3.7% | 5.0% | Entered the top 10 |
| 7 | Morgan Stanley (MS) | 4.9% | 4.9% | |
| 8 | Goldman Sachs Group Inc. (GS) | 5.2% | 4.9% | |
| 9 | AmerisourceBergen Corp. (COR) | 5.6% | 4.8% | |
| 10 | Walmart Inc. (WMT) | 4.3% | 4.8% | Entered the top 10 |
| — | Charles Schwab Corporation (SCHW) | 5.3% | 0.0% | Left the top 10 |
| — | Arthur J. Gallagher & Co. (AJG) | 5.1% | 0.0% | Left the top 10 |
| — | iShares Russell 2000 ETF (IWM) | 4.9% | 0.0% | Left the top 10 |
| — | Cheniere Energy Inc. (LNG) | 4.7% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).