Marvin & Palmer Associates Inc 13F Stocks
Marvin & Palmer Associates Inc just filed its quarterly 13F. Dated 26/12/2015, the filing reveals the hedge fund has a portfolio value of $83.72 million, representing a decrease of $21.94 million from the previous quarter when it was $105.66 million. Note: This filling reprents about 32.67% of Marvin & Palmer Associates Inc’s assets, which which are listed in the US.
|Previous Mkt Value:||$105,664,000|
|Chg Mkt Value %:||-20.76 %|
|Turnover %:||13.30 %|
|Top 10 Holdings %:||37.42%|
Based on $256.30 million in assets under management, Marvin & Palmer Associates Inc’s equity exposure represents 32.67% of assets.
Fund New Stocks
During this quarter, Marvin & Palmer Associates Inc opened new positions in Charles Schwab (SCHW) for $2.48 million, Ishares Msci Emerging Mkt Asia (EEMA) for $2.31 million, Medtronic (MDT) for $1.87 million, The Priceline Group Inc (PCLN) for $1.69 million and Mobileye Nv (MBLY) for $200,000. These were the 5 biggest new positions. In total the hedge fund bought 5 new stocks.
|Top 5 New Buys|
|Ishares Msci Emerging Mkt Asia||2.76%|
|The Priceline Group Inc.||2.02%|
|13F Sector Allocation|
|Consumer Discretionary||23 %|
|Information Technology||21 %|
|Health Care||16 %|
The hedge fund didn’t report any lifted stakes in this quarter.
This fund sold all its stakes in Ishares Msci Asia Ex (AAXJ), Medtronic Plc, Anthem Inc (ANTM), Air Products And Chemicals (APD) and Jumei International Holding (JMEI). These securities constituted 2.62 %, 2.19 %, 1.65 %, 0.87 % and 0.15 % of the portfolio, respectively. We can only speculate about the reasons for the dumping but we believe it has to do with either value, momentum or a better place for Marvin & Palmer Associates Inc’s capital.
The fund also decreased its postitons in Jd.Com (JD) by -39.38%, Apple Computer Inc (AAPL) by -34.83%, Blackstone Group Lp (BX) by -21.93%, Goldman Sachs Group Inc (GS) by -3.95% and Facebook Inc (FB) by -14.03%.
Top 5 Positions
Apple Computer Inc (AAPL), Jd.Com (JD) and Facebook Inc (FB) made up the majority of Marvin & Palmer Associates Inc’s total US long portfolio in Q3 2015. These securities were top 3 and constitute 13.54% of Marvin & Palmer Associates Inc’s US-listed securities. The top 10 securities make about 37.42% of the fund’s portfolio value.
The image above provides an overview of Marvin & Palmer Associates Inc’s top 10 US-listed stocks in Q3 2015.
Marvin & Palmer Associates Inc lifted the consumer discretionary sector from 20 % to 23 %. According to the filing, the active investment manager also has securities for 23 % in the finance sector. The industrials sector is 9 % of Marvin & Palmer Associates Inc’s 13F reported securities. The fund decreased the Health Care and Information Technology sector stakes by 16 % and 37 %, respectively.
So these are Q3 2015 fund’s sector weights now: consumer discretionary 23 % for $19.26 million, finance 23 % for $19.26 million, information technology 21 % for $17.58 million, health care 16 % for $13.40 million, industrials 9 % for $7.54 million, consumer staples 4 % for $3.35 million and transports 3 % for $2.51 million.
Important Position Changes
Top 10 Q3 2015 New Positions: Charles Schwab (SCHW), Ishares Msci Emerging Mkt Asia (EEMA), Medtronic (MDT), The Priceline Group Inc (PCLN) and Mobileye Nv (MBLY).
Top 10 Q3 2015 Sold Out Completely: Ishares Msci Asia Ex (AAXJ), Medtronic Plc, Anthem Inc (ANTM), Air Products And Chemicals (APD), Jumei International Holding (JMEI) and Tata Motors Ltd (TTM).
Marvin & Palmer Associates Inc – website
13F Filing Link: 000114036115042235
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