TOCQUEVILLE ASSET MANAGEMENT L.P.
Registered adviserReports for
TOCQUEVILLE TRUST
Filing Date
Global Rank
#669
/ 8,818
▼ 27
Top Industry
Semiconductors
8.8%
Period ended 4 months ago
Filed Aug 10, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$10,239,765,232
Main clients
Individuals and high net worth
(56% of AUM)
Private funds
5 funds
· Mixed
Focus by fund count, roster of Oct 1, 2026
$233,922,693 gross assets
Registered funds advised
1 series
(0 index, 0 ETFs)
$490,946,869 net assets· N-CEN Oct 31, 2025
LEI
JQ6MIRE0WE1ONXB1RI12
Private funds on Schedule D 7.B.(1)
As filed Mar 21, 2024; SEC's bulk Form ADV archive ends with 2024 filings.
$87,426,690 gross assets in 5 funds
Hedge funds
$84,468,304
(3)
Real estate funds
$2,958,386
(2)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $10,239,765,232 | Individuals and high net worth (56%) |
| Jul 2025 to Mar 2026 | $9,660,385,107 | Individuals and high net worth (56%) |
| Apr 2025 to Jun 2025 | $9,360,513,418 | Individuals and high net worth (65%) |
| Apr 2024 to Mar 2025 | $8,867,921,379 | Individuals and high net worth (67%) |
| May 2023 to Mar 2024 | $7,944,106,626 | Individuals and high net worth (64%) |
| Apr 2023 | $7,944,106,626 | Individuals and high net worth (64%) |
4 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 26.0%, 82.1 effective positions, active share 54.0% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
17.9% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 22.3 quarters (12+), a floor since 74.1% of the book was already held when coverage starts
Closest benchmark: the S&P 500 as of 2026-06-30, active share 54.0%; sector active share 13.5% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
549 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
5.2%
+0.4 pts
Top 5
17.4%
+0.5 pts
Top 10
26.1%
+0.2 pts
HHI
122
Diversified+4
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 23.2% | $1,750,078,487 |
| Industrials | 13.4% | $1,013,858,316 |
| Healthcare | 10.5% | $792,676,617 |
| Financial Services | 10.4% | $784,469,186 |
| Consumer Cyclical | 10.0% | $757,257,925 |
| Communication Services | 7.8% | $587,992,283 |
| Unclassified | 7.0% | $528,894,870 |
| Basic Materials | 5.7% | $432,886,581 |
| Energy | 4.9% | $366,667,411 |
| Consumer Defensive | 4.0% | $302,051,449 |
| Utilities | 2.2% | $165,906,991 |
| Real Estate | 1.0% | $74,825,216 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GEHC | GE HealthCare Technologies Inc. | +344,852 | 704,344 | $45,085,059 | |
| CCC | CCC Intelligent Solutions Holdings Inc. | +315,000 | 565,000 | $2,915,400 | |
| ABT | Abbott Laboratories | +267,889 | 478,373 | $43,407,566 | |
| BSX | Boston Scientific Corp | +224,812 | 902,984 | $38,539,357 | |
| BKNG | Booking Holdings Inc. | +214,639 | 223,141 | $39,772,651 | |
| TSN | Tyson Foods, Inc. | +210,403 | 698,623 | $39,996,166 | |
| PAYX | Paychex Inc | +190,145 | 310,631 | $30,544,346 | |
| BKR | Baker Hughes Co | +141,488 | 240,544 | $13,350,192 | |
| NFG | National Fuel Gas Co | +128,589 | 447,498 | $34,551,320 | |
| CGTX | Cognition Therapeutics Inc | +125,500 | 320,500 | $368,575 | |
| SONY | Sony Group Corp | +107,378 | 254,800 | $5,111,288 | |
| UBER | Uber Technologies, Inc | +104,187 | 643,928 | $46,465,844 | |
| IBM | International Business Machines Corp | +102,154 | 188,776 | $53,085,698 | |
| ACVA | ACV Auctions Inc. | +90,000 | 375,000 | $2,696,250 | |
| NABL | N-able, Inc. | +90,000 | 380,000 | $1,394,600 | |
| BAX | Baxter International Inc | +69,532 | 1,435,460 | $30,604,007 | |
| EXE | EXPAND ENERGY Corp | +62,172 | 436,694 | $39,822,125 | |
| BFLY | Butterfly Network, Inc. | +60,300 | 174,800 | $1,471,816 | |
| T | At&T Inc. | +59,284 | 1,141,686 | $23,632,900 | |
| FCX | Freeport-Mcmoran Inc | +57,190 | 1,123,716 | $70,670,499 | |
| ABM | Abm Industries Inc | +52,257 | 79,407 | $3,512,965 | |
| CNH | CNH Industrial N.V. | +45,700 | 401,599 | $4,509,956 | |
| AVAV | AeroVironment Inc | +45,102 | 156,387 | $25,814,802 | |
| IWF | iShares Russell 1000 Growth ETF | +41,756 | 55,696 | $6,915,772 | |
| NFLX | Netflix Inc | +39,466 | 326,320 | $23,299,248 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VSH | Vishay Intertechnology Inc | −562,920 | 588,099 | $31,627,964 | |
| KLTR | Kaltura Inc | −290,000 | 278,988 | $362,684 | |
| UL | Unilever PLC | −246,703 | 223,116 | $13,413,733 | |
| AXGN | Axogen, Inc. | −211,000 | 173,900 | $8,032,441 | |
| RSKD | Riskified Ltd. | −185,000 | 56,000 | $282,240 | |
| VMD | Viemed Healthcare, Inc. | −130,000 | 342,100 | $3,899,940 | |
| GRSD | GRANDSTAND Ltd | −130,000 | 130,000 | $247,000 | |
| QCOM | Qualcomm Inc | −122,005 | 434,642 | $80,317,495 | |
| ON | On Semiconductor Corp | −105,858 | 43,256 | $4,089,422 | |
| CARS | Cars.com Inc. | −101,293 | 376,042 | $4,113,899 | |
| NTR | Nutrien Ltd. | −98,244 | 171,072 | $10,768,982 | |
| RKLB | Rocket Lab Corp | −95,575 | 837,725 | $85,154,746 | |
| HON | Honeywell International Inc | −91,968 | 93,479 | $20,929,948 | |
| CYRX | Cryoport, Inc. | −90,000 | 265,000 | $4,160,500 | |
| COO | Cooper Companies, Inc. | −84,070 | 20,952 | $1,502,467 | |
| IAU | Ishares Gold Trust | −84,009 | 1,551,830 | $117,178,683 | |
| GPC | Genuine Parts Co | −82,226 | 692,724 | $81,727,577 | |
| MDT | Medtronic plc | −79,865 | 90,968 | $7,116,426 | |
| RVTY | Revvity, Inc. | −75,623 | 43,063 | $4,791,189 | |
| RELY | Remitly Global, Inc. | −75,000 | 235,000 | $5,266,350 | |
| NKE | NIKE, Inc. | −64,685 | 14,863 | $610,126 | |
| USB | US Bancorp De | −59,048 | 243,851 | $14,728,600 | |
| ST | Sensata Technologies Holding plc | −53,445 | 352,845 | $16,844,820 | |
| MU | Micron Technology Inc | −52,593 | 92,226 | $106,455,549 | |
| YEXT | Yext, Inc. | −50,000 | 135,000 | $630,450 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HONA | Honeywell Aerospace Inc. | 109,114 | $24,122,923 | |
| NI | Nisource Inc. | 299,542 | $14,243,222 | |
| FDXF | FedEx Freight Holding Company, Inc. | 38,478 | $5,810,178 | |
| MKC | Mccormick & Co Inc | 70,175 | $3,538,223 | |
| SPCX | Space Exploration Technologies Corp | 18,488 | $3,158,859 | |
| IGV | iShares Expanded Tech-Software Sector ETF | 15,000 | $1,359,000 | |
| NXDR | Nextdoor Holdings, Inc. | 575,000 | $1,305,250 | |
| AORT | Artivion, Inc. | 25,000 | $561,750 | |
| SWKS | Skyworks Solutions, Inc. | 5,700 | $386,460 | |
| JBHT | Hunt J B Transport Services Inc | 1,332 | $385,520 | |
| VGNT | Versigent PLC | 8,615 | $361,916 | |
| DELL | Dell Technologies Inc. | 784 | $338,264 | |
| TROW | Price T Rowe Group Inc | 2,957 | $336,181 | |
| OHI | Omega Healthcare Investors Inc | 6,748 | $321,744 | |
| TDC | Teradata Corp | 8,618 | $298,613 | |
| BB | BLACKBERRY Ltd | 19,900 | $251,735 | |
| IONQ | IonQ, Inc. | 4,385 | $233,545 | |
| TD | Toronto Dominion Bank | 1,900 | $230,717 | |
| — | 2,800 | $226,296 | ||
| LUV | Southwest Airlines Co | 4,291 | $220,643 | |
| WING | Wingstop Inc. | 1,250 | $216,762 | |
| MGA | Magna International Inc | 3,239 | $212,672 | |
| AAT | American Assets Trust, Inc. | 8,476 | $209,272 | |
| SNX | Td Synnex Corp | 778 | $207,990 | |
| YELP | Yelp Inc | 8,326 | $204,153 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
24 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| XOM | ExxonMobil Holdings Corp | 123,840 | $21,010,694 | |
| COR | Cencora, Inc. | 30,621 | $9,619,280 | |
| SVAL | iShares US Small Cap Value Factor ETF | 131,534 | $4,726,937 | |
| WAT | Waters Corp | 6,410 | $1,908,898 | |
| GTM | ZoomInfo Technologies Inc. | 230,000 | $1,375,400 | |
| XHB | State Street(R) SPDR(R) S&P(R) Homebuilders ETF | 12,098 | $1,194,314 | |
| — | 27,861 | $979,036 | ||
| TFX | Teleflex Inc | 7,890 | $943,722 | |
| ROP | Roper Technologies Inc | 1,524 | $539,282 | |
| MICC | Magnum Ice Cream Co N.V. | 32,965 | $492,826 | |
| TKO | TKO Group Holdings, Inc. | 2,203 | $444,234 | |
| EVRG | Evergy, Inc. | 5,200 | $425,984 | |
| FISV | Fiserv Inc | 6,454 | $360,133 | |
| CPB | CAMPBELL'S Co | 12,500 | $278,375 | |
| PCVX | Vaxcyte, Inc. | 4,200 | $244,062 | |
| — | 87,000 | $238,380 | ||
| DCI | DONALDSON Co INC | 2,786 | $236,447 | |
| IDA | Idacorp Inc | 1,600 | $228,752 | |
| IDCC | InterDigital, Inc. | 725 | $218,950 | |
| SNPS | Synopsys Inc | 540 | $214,099 | |
| VLTO | Veralto Corp | 2,309 | $204,161 | |
| VTR | Ventas, Inc. | 2,463 | $201,424 | |
| — | 155,000 | $196,850 | ||
| DMAC | DiaMedica Therapeutics Inc. | 10,500 | $71,085 | |
| No positions match the current search. | ||||
549 tracked positions ·
$7,557,565,332 total
· filing declares
557 positions · $7,564,570,978
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 549 positions by value
· page 1 of 11
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 846,430 | $298,518,932 | 3.95% | |
| NVDA |
Nvidia Corp
PUT
+ SHARES
Technology
|
Reduced | 1,167,168 | $233,538,645 | 3.09% | |
| AMAT |
Applied Materials Inc
Technology
|
Reduced | 302,050 | $218,382,150 | 2.89% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 574,912 | $205,456,301 | 2.72% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 534,147 | $188,730,159 | 2.50% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 454,510 | $169,541,320 | 2.24% | |
| AAPL |
Apple Inc.
PUT
+ SHARES
Technology
|
Reduced | 584,122 | $169,021,541 | 2.24% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 668,849 | $159,413,470 | 2.11% | |
| IAU |
Ishares Gold Trust
|
Reduced | 1,551,830 | $117,178,683 | 1.55% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 92,226 | $106,455,549 | 1.41% | |
| NEE |
Nextera Energy Inc
Utilities
|
Reduced | 1,132,735 | $99,420,150 | 1.32% | |
| BRK-B |
Berkshire Hathaway Inc
PUT
+ SHARES
Financial Services
|
Reduced | 197,761 | $98,957,626 | 1.31% | |
| VRT |
Vertiv Holdings Co
Industrials
|
Reduced | 291,126 | $97,474,807 | 1.29% | |
| RKLB |
Rocket Lab Corp
Industrials
|
Reduced | 837,725 | $85,154,746 | 1.13% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 336,097 | $84,575,449 | 1.12% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 79,281 | $84,426,336 | 1.12% | |
| GPC |
Genuine Parts Co
Consumer Cyclical
|
Reduced | 692,724 | $81,727,577 | 1.08% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Added | 1,015,185 | $80,422,955 | 1.06% | |
| QCOM |
Qualcomm Inc
Technology
|
Reduced | 434,642 | $80,317,495 | 1.06% | |
| CCJ |
Cameco Corp
Energy
|
Reduced | 781,617 | $79,615,507 | 1.05% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 240,659 | $78,774,910 | 1.04% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
Reduced | 259,159 | $77,200,874 | 1.02% | |
| RSG |
Republic Services, Inc.
Industrials
|
Added | 360,473 | $76,809,586 | 1.02% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Reduced | 208,149 | $70,982,971 | 0.94% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Added | 1,123,716 | $70,670,499 | 0.94% | |
| DE |
Deere & Co
Industrials
|
Reduced | 104,941 | $66,567,224 | 0.88% | |
| NEM |
NEWMONT Corp
Basic Materials
|
Added | 703,903 | $65,744,540 | 0.87% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 258,233 | $65,583,435 | 0.87% | |
| FDX |
Fedex Corp
Industrials
|
Reduced | 200,746 | $62,859,594 | 0.83% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 104,921 | $59,100,950 | 0.78% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 447,832 | $57,546,412 | 0.76% | |
| PH |
Parker-Hannifin Corp
Industrials
|
Added | 54,857 | $53,656,728 | 0.71% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 188,776 | $53,085,698 | 0.70% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 363,622 | $50,892,535 | 0.67% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
Reduced | 440,382 | $49,463,706 | 0.65% | |
| SBUX |
Starbucks Corp
Consumer Cyclical
|
Reduced | 465,482 | $47,567,605 | 0.63% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Reduced | 518,035 | $47,493,448 | 0.63% | |
| UBER |
Uber Technologies, Inc
Technology
|
Added | 643,928 | $46,465,844 | 0.61% | |
| DIS |
Walt Disney Co
Communication Services
|
Reduced | 473,112 | $45,537,030 | 0.60% | |
| GEHC |
GE HealthCare Technologies Inc.
Healthcare
|
Added | 704,344 | $45,085,059 | 0.60% | |
| GLW |
Corning Inc
Technology
|
Reduced | 172,269 | $44,002,670 | 0.58% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 43,324 | $43,816,593 | 0.58% | |
| ABT |
Abbott Laboratories
Healthcare
|
Added | 478,373 | $43,407,566 | 0.57% | |
| XLK |
State Street(R) Technology Select Sector SPDR(R) ETF
|
Added | 223,519 | $42,584,839 | 0.56% | |
| EMR |
Emerson Electric Co
Industrials
|
Reduced | 292,469 | $41,866,937 | 0.55% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Reduced | 82,830 | $41,527,648 | 0.55% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 277,538 | $40,698,172 | 0.54% | |
| XLE |
State Street(R) Energy Select Sector SPDR(R) ETF
|
Reduced | 762,726 | $40,508,377 | 0.54% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 354,932 | $40,199,598 | 0.53% | |
| TSN |
Tyson Foods, Inc.
Consumer Defensive
|
Added | 698,623 | $39,996,166 | 0.53% |
Showing the top 50 of 549 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.