MARVIN & PALMER ASSOCIATES INC's Q4 2023 13F: 13 new positions, 6 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 13, 2024 · 32 reported positions · accession 0000898432-24-000124
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Walmart Inc. (WMT) | 5.5% | 0.1% | −5.4 pts | −52,142 sh | −99% |
| Reduced | Alphabet Inc. Class A (GOOGL) | 6.3% | 3.0% | −3.3 pts | −54,703 sh | −74% |
| Reduced | Applied Materials, Inc. (AMAT) | 5.8% | 3.3% | −2.6 pts | −46,883 sh | −72% |
| Reduced | United Rentals, Inc. (URI) | 4.7% | 3.2% | −1.5 pts | −11,420 sh | −70% |
| Reduced | Vertex Pharmaceuticals Incorporated (VRTX) | 5.0% | 3.2% | −1.8 pts | −15,182 sh | −68% |
| Reduced | NVIDIA Corporation (NVDA) | 5.5% | 4.3% | −1.2 pts | −11,769 sh | −60% |
| Reduced | Visa Inc. (V) | 4.7% | 3.1% | −1.6 pts | −21,063 sh | −66% |
| Reduced | Ameriprise Financial, Inc. (AMP) | 5.1% | 4.3% | −0.8 pts | −13,850 sh | −58% |
| Reduced | Parker-Hannifin Corporation (PH) | 4.9% | 4.8% | −0.2 pts | −10,214 sh | −52% |
| Reduced | Eaton Corporation plc (ETN) | 5.2% | 4.9% | −0.3 pts | −19,426 sh | −51% |
| Exited | VanEck Oil Services ETF (OIH) | 5.1% | — | −5.1 pts | −22,620 sh | −100% |
| Exited | Oracle Corporation (ORCL) | 5.0% | — | −5.0 pts | −72,714 sh | −100% |
| Reduced | Blackstone Group LP (BX) | 4.5% | 4.6% | +0.1 pts | −33,004 sh | −51% |
| Reduced | Ingersoll Rand Inc. (IR) | 4.6% | 4.8% | +0.2 pts | −55,451 sh | −50% |
| Reduced | Microsoft Corporation (MSFT) | 4.8% | 5.2% | +0.3 pts | −11,304 sh | −48% |
| Exited | Apple Inc. (AAPL) | 4.7% | — | −4.7 pts | −42,569 sh | −100% |
| Exited | Amertek, Inc. (AME) | 4.6% | — | −4.6 pts | −48,020 sh | −100% |
| New | Invesco QQQ ETF (QQQ) | — | 4.6% | +4.6 pts | +10,060 sh | new |
| New | SPDR S&P 500 ETF Trust (SPY) | — | 4.5% | +4.5 pts | +8,460 sh | new |
| Exited | Tesla, Inc. (TSLA) | 4.2% | — | −4.2 pts | −25,836 sh | −100% |
| New | KKR & Co Inc. (KKR) | — | 3.9% | +3.9 pts | +42,580 sh | new |
| New | Hilton Worldwide Holdings Inc. (HLT) | — | 3.3% | +3.3 pts | +16,030 sh | new |
| New | Cadence Design Systems Inc. (CDNS) | — | 3.0% | +3.0 pts | +9,980 sh | new |
| New | Amazon.com, Inc. (AMZN) | — | 3.0% | +3.0 pts | +17,450 sh | new |
| New | Costco Wholesale Corp. (COST) | — | 2.9% | +2.9 pts | +3,990 sh | new |
| New | Cboe Global Markets, Inc. (CBOE) | — | 2.9% | +2.9 pts | +14,450 sh | new |
| New | McKesson Corp. (MCK) | — | 2.7% | +2.7 pts | +5,270 sh | new |
| New | UnitedHealth Group Incorporated (UNH) | — | 2.7% | +2.7 pts | +4,550 sh | new |
| New | Palo Alto Networks Inc. (PANW) | — | 2.5% | +2.5 pts | +7,650 sh | new |
| Increased | iShares MSCI Japan ETF (EWJ) | 1.0% | 4.2% | +3.2 pts | +33,816 sh | +135% |
| New | VanEck Vectors Vietnam ETF (VNM) | — | 0.9% | +0.9 pts | +59,580 sh | new |
| Increased | iShares MSCI Brazil ETF (EWZ) | 0.5% | 1.9% | +1.4 pts | +21,946 sh | +84% |
| New | Kulicke and Soffa Industries, Inc. (KLIC) | — | 0.8% | +0.8 pts | +12,500 sh | new |
| Exited | iShares MSCI Switzerland ETF (EWL) | 0.5% | — | −0.5 pts | −17,894 sh | −100% |
| Increased | iShares MSCI India ETF (INDA) | 0.7% | 1.6% | +1.0 pts | +7,263 sh | +32% |
| Increased | iShares MSCI Mexico ETF (EWW) | 0.8% | 2.0% | +1.1 pts | +3,771 sh | +17% |
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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- Cencora, Inc. (COR): 03073E105 → 03073E108, 48,428 → 13,566 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 46.1% of the equity book
Changes in the top 10 this quarter: MSFT entered · IR entered · PH entered · QQQ entered · BX entered · SPY entered · EWJ entered · GOOGL left · AMAT left · COR left · WMT left · OIH left · VRTX left · ORCL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Microsoft Corporation (MSFT) | 4.8% | 5.2% | Entered the top 10 |
| 2 | Eaton Corporation plc (ETN) | 5.2% | 4.9% | |
| 3 | Ingersoll Rand Inc. (IR) | 4.6% | 4.8% | Entered the top 10 |
| 4 | Parker-Hannifin Corporation (PH) | 4.9% | 4.8% | Entered the top 10 |
| 5 | Invesco QQQ ETF (QQQ) | 0.0% | 4.6% | Entered the top 10 |
| 6 | Blackstone Group LP (BX) | 4.5% | 4.6% | Entered the top 10 |
| 7 | SPDR S&P 500 ETF Trust (SPY) | 0.0% | 4.5% | Entered the top 10 |
| 8 | Ameriprise Financial, Inc. (AMP) | 5.1% | 4.3% | |
| 9 | NVIDIA Corporation (NVDA) | 5.5% | 4.3% | |
| 10 | iShares MSCI Japan ETF (EWJ) | 1.0% | 4.2% | Entered the top 10 |
| — | Alphabet Inc. Class A (GOOGL) | 6.3% | 3.0% | Left the top 10 |
| — | Applied Materials, Inc. (AMAT) | 5.8% | 3.3% | Left the top 10 |
| — | Cencora, Inc. (COR) | 5.7% | 0.0% | Left the top 10 |
| — | Walmart Inc. (WMT) | 5.5% | 0.1% | Left the top 10 |
| — | VanEck Oil Services ETF (OIH) | 5.1% | 0.0% | Left the top 10 |
| — | Vertex Pharmaceuticals Incorporated (VRTX) | 5.0% | 3.2% | Left the top 10 |
| — | Oracle Corporation (ORCL) | 5.0% | 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).