MARVIN & PALMER ASSOCIATES INC

WILMINGTON, DE · CIK 860645 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 1986 · corporation

Assets managed$195.7m
Staff7 · 4 in investment roles
Main clients (by assets)Private funds 64%, High net worth individuals 36%
Private funds2 (1 hedge) · $125.2m gross assets
Websitemarvinandpalmer.com
Form ADV · 2026-03-20SEC adviser record

Legal entityMARVIN & PALMER ASSOCIATES, INC. (US)

Kindhedge funds, futures
Others nearbyWilmington, DE

As an employer

Offices in1 country
Private fundshedge 1, other private 1

$159.0m reported value +90.3% vs Q1 2026

28positions

60.4%in top 10

16 new 6 added 5 reduced 9 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR ISHARES SEMICDTR SOXX	SOXX	18,797	$12.0m7.58%	7.58%	New
2	NVIDIA CORPORATION COM NVDA	NVDA	55,647	$11.1m7.00%	7.00%	Reduced -310	-310 -0.6%
3	CITIGROUP INC COM NEW C	C	78,786	$11.0m6.94%	6.94%	Added +45.5k	+45,496 136.7%
4	GOLDMAN SACHS GROUP INC COM GS	GS	10,655	$10.8m6.78%	6.78%	Added +6.4k	+6,360 148.1%
5	MORGAN STANLEY COM NEW MS	MS	47,734	$10.0m6.28%	6.28%	New
6	CATERPILLAR INC COM CAT	CAT	9,362	$10.0m6.27%	6.27%	Added +4.1k	+4,092 77.7%
7	CISCO SYS INC COM CSCO	CSCO	74,113	$8.7m5.48%	5.48%	New
8	SPDR SER TR S&P BIOTECH XBI	XBI	54,286	$8.6m5.40%	5.40%	Added +24.1k	+24,150 80.1%
9	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	90,809	$7.9m4.97%	4.97%	New
10	QUANTA SVCS INC COM PWR	PWR	8,182	$5.9m3.71%	3.71%	Added +2.3k	+2,265 38.3%
11	DEERE & CO COM DE	DE	9,279	$5.9m3.70%	3.70%	Added +3.7k	+3,743 67.6%
12	KLA CORP COM NEW KLAC	KLAC	17,430	$5.3m3.31%	3.31%	New
13	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	10,636	$5.1m3.20%	3.20%	Reduced -600	-600 -5.3%
14	ISHARES INC MSCI TAIWAN ETF EWT	EWT	43,390	$4.7m2.96%	2.96%	New
15	ISHARES INC MSCI JPN ETF NEW EWJ	EWJ	47,202	$4.4m2.77%	2.77%	New
16	MICRON TECHNOLOGY INC COM MU	MU	3,613	$4.2m2.62%	2.62%	New
17	AMETEK INC COM AME	AME	16,669	$4.0m2.54%	2.54%	Reduced -248	-248 -1.5%
18	EBAY INC. COM EBAY	EBAY	35,697	$4.0m2.51%	2.51%	New
19	SANDISK CORP COM SNDK	SNDK	1,668	$3.8m2.39%	2.39%	New
20	ELI LILLY & CO COM LLY	LLY	3,065	$3.7m2.31%	2.31%	New
21	APPLE INC COM AAPL	AAPL	12,408	$3.6m2.26%	2.26%	Reduced -191	-191 -1.5%
22	ISHARES INC MSCI STH KOR ETF EWY	EWY	16,480	$3.3m2.09%	2.09%	New
23	ANALOG DEVICES INC COM ADI	ADI	8,223	$3.3m2.05%	2.05%	New
24	RTX CORPORATION COM RTX	RTX	14,130	$2.7m1.69%	1.69%	Reduced -19.0k	-19,049 -57.4%
25	NEWMONT CORP COM NEM	NEM	28,090	$2.6m1.65%	1.65%	Unchanged
26	ISHARES TR RUSSELL 2000 ETF IWM	IWM	6,950	$2.1m1.31%	1.31%	New
27	ISHARES TR MSCI POLAND ETF EPOL	EPOL	4,750	$183.4k0.12%	0.12%	New
28	ISHARES INC MSCI ISRAEL ETF EIS	EIS	1,500	$181.1k0.11%	0.11%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
VALERO ENERGY CORP VLO	VLO	16,210	$4.0m16.2k shares
BAKER HUGHES COMPANY BKR	BKR	61,525	$3.8m61.5k shares
TJX COS INC NEW TJX	TJX	23,311	$3.7m23.3k shares
ISHARES TR IBB	IBB	21,824	$3.7m21.8k shares
PARKER-HANNIFIN CORP PH	PH	3,939	$3.5m3.9k shares
CAMECO CORP CCJ	CCJ	32,274	$3.5m32.3k shares
AMPHENOL CORP APH	APH	27,070	$3.4m27.1k shares
NEXTERA ENERGY INC NEE	NEE	36,655	$3.4m36.7k shares
ALPHABET INC GOOGL	GOOGL	11,579	$3.3m11.6k shares