Marsico Global Fund
MGLBX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1200 17th St Denver CO United States of America 80202
- IPO Date
- Jun 29, 2007
- CIK
- 0001047112
- Website
- marsicofunds.com
- Similar Companies
- Business
- Marsico Global Fund (MGLBX) is an open-end mutual fund that invests primarily in common stocks of U.S. and foreign large-cap growth companies selected for their long-term growth potential; it maintains at least 40% of net assets in non-U.S. securities, including those of issuers organized or located outside the United States or doing a substantial amount of business abroad, across a minimum of three countries and various regions. The fund employs a high-conviction, concentrated portfolio strategy with typically 25 to 35 holdings, focusing on sectors such as information technology, communication services, health care, industrials, and consumer discretionary; top holdings as of September 30, 2024, include Meta Platforms Inc. Class A (5.36%), Apple Inc. (5.33%), Microsoft Corp. (5.19%), NVIDIA Corp. (4.99%), and Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR (4.83%). Geographic allocations emphasize the United States (approximately 53%), Eurozone (23%), United Kingdom, developed Asia, and Canada, with cash holdings around 4-5%; it targets growth-oriented investors seeking global equity exposure through Investor Class (MGLBX) and Institutional Class shares, with a net expense ratio of 1.44% to 1.50% and portfolio turnover of 44%. Launched on June 29, 2007, and managed by Marsico Capital Management, LLC, headquartered in Denver, Colorado—a firm founded in 1997 that oversees approximately $3.8 billion in assets using a growth-oriented, high-conviction approach—the fund is led by portfolio managers Thomas Marsico (since inception), Peter Marsico (since April 17, 2023), and James Marsico (since April 17, 2023). In recent years, the fund delivered a fiscal year total return of +52.21% for Investor Class shares ended September 30, 2024, outperforming the MSCI All Country World Index's +31.76% through strong stock selection in information technology and communication services, including key contributors NVIDIA Corp. and Meta Platforms Inc., alongside overweight positions in health care and consumer discretionary; it exited positions in Mobileye Global Inc. and Tesla Inc. due to weakening demand and competitive pressures. Strategic portfolio adjustments in 2024-2025 capitalized on global trends like AI infrastructure demand, adding holdings such as GE Vernova Inc., Rolls-Royce Holdings PLC, and Siemens Energy AG to leverage power generation and renewable energy opportunities across U.S. and European markets; the fund maintained an active share of 85% and net assets of around $361 million to $461 million. No major acquisitions, funding rounds, partnerships, or reorganizations were reported in the last 1-2 years, with focus remaining on nimble, company-first stock selection unbound by geographic constraints to drive outperformance.