TOCQUEVILLE ASSET MANAGEMENT L.P.

CIK

883961

Location

New York, NY

Portfolio Value

Mid $6,230,294,322

Diversification

Diversified

Filing Date

Global Rank

#433 / 8,232 ▲ 47

Top Industry

Semiconductors 7.1%

3Y Alpha vs SPY

-2.3%

Period ended 2 months ago

Filed May 12, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+66.6%

SPY

+76.3%

Annualised alpha

-2.3%

Max drawdown

−18.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

453 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.5%

−0.2 pts

Top 5

15.7%

−1.8 pts

Top 10

25.3%

−1.7 pts

HHI

113

Diversified−9

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	20.8%	$1,295,722,047	84
Industrials	13.8%	$862,082,692	64
Healthcare	11.6%	$723,200,285	70
Financial Services	11.3%	$702,517,842	56
Consumer Cyclical	11.2%	$698,661,636	36
Basic Materials	7.0%	$436,554,590	29
Energy	6.7%	$414,793,735	33
Communication Services	5.7%	$356,514,018	16
Consumer Defensive	4.9%	$302,885,701	30
Unclassified	3.4%	$209,032,452	12
Utilities	2.5%	$156,493,410	12
Real Estate	1.2%	$71,835,914	11

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BAX	Baxter International Inc	+983,748	1,365,928	$22,947,590
GPC	Genuine Parts Co	+492,358	774,950	$81,950,962
SBUX	Starbucks Corp	+345,325	468,819	$42,001,494
EXE	EXPAND ENERGY Corp	+317,726	374,522	$41,115,025
DIS	Walt Disney Co	+314,424	477,173	$45,989,933
SLB	Slb Limited/Nv	+313,576	362,188	$18,612,841
NFLX	Netflix Inc	+259,222	286,854	$27,581,012
CNH	CNH Industrial N.V.	+255,499	355,899	$3,914,889
CCC	CCC Intelligent Solutions Holdings Inc.	+240,000	250,000	$1,500,000
BSX	Boston Scientific Corp	+234,444	678,172	$42,555,293
PHR	Phreesia, Inc.	+180,000	325,000	$2,723,500
IFF	International Flavors & Fragrances Inc	+174,046	979,858	$71,088,697
CMG	Chipotle Mexican Grill Inc	+162,594	743,208	$23,790,088
ACVA	ACV Auctions Inc.	+145,000	285,000	$1,208,400
SNY	Sanofi	+117,468	190,498	$9,178,193
PAYX	Paychex Inc	+116,277	120,486	$11,099,170
EQH	Equitable Holdings, Inc.	+107,195	492,952	$18,293,448
MIAX	Miami International Holdings, Inc.	+91,360	312,135	$12,148,294
DOC	Healthpeak Properties, Inc.	+88,659	236,899	$3,892,250
WY	Weyerhaeuser Co	+86,016	1,369,103	$33,447,186
BFLY	Butterfly Network, Inc.	+84,500	114,500	$462,580
ONCY	Oncolytics Biotech Inc	+77,000	149,000	$126,650
PANW	Palo Alto Networks Inc	+44,554	234,994	$37,674,238
SWK	Stanley Black & Decker, Inc.	+44,314	314,226	$22,328,899
GPN	Global Payments Inc	+41,497	320,649	$21,579,677
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KLTR	Kaltura Inc	−538,395	568,988	$694,165
USB	US Bancorp De	−263,519	302,899	$15,753,776
OXY	Occidental Petroleum Corp /De/	−255,950	24,687	$1,604,655
FCX	Freeport-Mcmoran Inc	−240,510	1,066,526	$62,690,398
YEXT	Yext, Inc.	−220,000	185,000	$710,400
SDGR	Schrodinger, Inc.	−132,400	24,600	$279,456
ABM	Abm Industries Inc /De/	−120,000	27,150	$1,045,818
IAU	Ishares Gold Trust	−118,414	1,635,839	$144,215,566
KVUE	Kenvue Inc.	−112,791	1,615,352	$27,848,668
WFC	Wells Fargo & Company/Mn	−112,198	15,473	$1,231,805
CVX	Chevron Corp	−109,899	222,107	$45,953,938
GAMB	Gambling.com Group Ltd	−105,000	260,000	$1,008,800
MITK	Mitek Systems Inc	−105,000	151,300	$2,042,550
RSKD	Riskified Ltd.	−105,000	241,000	$944,720
NTR	Nutrien Ltd.	−98,407	269,316	$20,322,585
DV	DoubleVerify Holdings, Inc.	−95,000	480,500	$4,564,750
VTRS	Viatris Inc	−94,621	346,976	$4,687,645
AXGN	Axogen, Inc.	−85,000	384,900	$12,751,737
VSH	Vishay Intertechnology Inc	−84,234	1,151,019	$20,718,342
RKLB	Rocket Lab Corp	−75,550	933,300	$59,936,526
TASK	TaskUs, Inc.	−75,000	132,000	$885,720
S	SentinelOne, Inc.	−71,430	10,000	$128,800
NCSM	NCS Multistage Holdings, Inc.	−62,906	58,696	$3,629,760
WPM	Wheaton Precious Metals Corp.	−60,998	448,097	$58,705,187
MICC	Magnum Ice Cream Co N.V.	−57,909	32,965	$492,826
No positions match the current search.

New Positions

Positions the filer opened this quarter

23 positions

Ticker	Company	Shares	Value
AMCR	Amcor plc	105,904	$4,209,684
WAT	Waters Corp /De/	6,410	$1,908,898
TTGT	TechTarget, Inc.	420,000	$1,629,600
NABL	N-able, Inc.	290,000	$1,354,300
WSO	Watsco Inc	3,000	$1,091,370
XYL	Xylem Inc.	6,900	$824,550
RARE	Ultragenyx Pharmaceutical Inc.	23,850	$499,657
SNDK	Sandisk Corp	451	$286,538
KEYS	Keysight Technologies, Inc.	875	$247,073
PCVX	Vaxcyte, Inc.	4,200	$244,062
DCI	DONALDSON Co INC	2,786	$236,447
TOL	Toll Brothers, Inc.	1,729	$235,956
CIEN	Ciena Corp	598	$232,161
KLAC	Kla Corp	155	$228,223
SENS	Senseonics Holdings, Inc.	33,500	$223,110
TDY	Teledyne Technologies Inc	360	$217,803
PFG	Principal Financial Group Inc	2,400	$216,264
NTRS	Northern Trust Corp	1,536	$214,379
BRO	Brown & Brown, Inc.	3,200	$208,672
M	Macy's, Inc.	11,420	$206,587
PUMP	ProPetro Holding Corp.	11,500	$165,715
PBYI	Puma Biotechnology, Inc.	12,960	$82,814
DMAC	DiaMedica Therapeutics Inc.	10,500	$71,085
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
LPLA	LPL Financial Holdings Inc.	14,660	$5,236,112
CXT	Crane NXT, Co.	75,400	$3,549,078
COIN	Coinbase Global, Inc.	14,219	$3,215,484
LITE	Lumentum Holdings Inc.	7,685	$2,832,614
CG	Carlyle Group Inc.	26,250	$1,551,637
ITGR	Integer Holdings Corp	14,000	$1,098,020
PRMB	Primo Brands Corp	60,500	$989,175
ARCC	Ares Capital Corp	46,468	$940,047
LW	Lamb Weston Holdings, Inc.	21,271	$891,042
MKC	Mccormick & Co Inc	10,438	$710,932
WRB	Berkley W R Corp	6,750	$473,310
CODA	Coda Octopus Group, Inc.	47,064	$437,695
ICFI	ICF International, Inc.	5,000	$426,500
SNOW	Snowflake Inc.	1,666	$365,453
EXPE	Expedia Group, Inc.	1,247	$353,287
HALO	Halozyme Therapeutics, Inc.	4,500	$302,850
AXON	Axon Enterprise, Inc.	504	$286,236
ENSG	Ensign Group, Inc	1,539	$268,093
ANET	Arista Networks, Inc.	2,033	$266,383
TDG	TransDigm Group INC	193	$256,661
UNF	Unifirst Corp	1,300	$250,770
SPOT	Spotify Technology S.A.	413	$239,833
GIS	General Mills Inc	5,142	$239,103
SWKS	Skyworks Solutions, Inc.	3,731	$236,582
GPGI	GPGI, Inc.	12,209	$235,389
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

453 positions · $6,230,294,322 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 453 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
HD	Home Depot, Inc. Consumer Cyclical	Reduced	847,854	-6,695	$278,850,702	−5.2%	4.48%
NVDA	Nvidia Corp Technology	Reduced	1,176,217	-30,185	$205,132,244	−8.8%	3.29%
MSFT	Microsoft Corp Technology	Added	470,285	+27,800	$174,085,398	−18.6%	2.79%
GOOGL	Alphabet Inc. Communication Services	Reduced	583,652	-37,775	$167,834,969	−13.7%	2.69%
AAPL	Apple Inc. Technology	Reduced	593,794	-19,594	$150,698,979	−9.6%	2.42%
IAU	Ishares Gold Trust	Reduced	1,635,839	-118,414	$144,215,566	+1.3%	2.31%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	655,327	-7,905	$136,484,954	−10.8%	2.19%
AMAT	Applied Materials Inc /De Technology	Reduced	336,097	-9,915	$114,874,593	+29.2%	1.84%
NEE	Nextera Energy Inc Utilities	Reduced	1,162,536	-10,014	$107,976,343	+14.7%	1.73%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	199,758	-8,372	$95,724,033	−8.5%	1.54%
CCJ	Cameco Corp Energy	Reduced	788,539	-57,095	$85,643,220	+10.7%	1.37%
GPC	Genuine Parts Co Consumer Cyclical	Added	774,950	+492,358	$81,950,962	+135.8%	1.32%
RSG	Republic Services, Inc. Industrials	Reduced	353,043	-1,100	$77,323,477	+3.0%	1.24%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	703,617	-13,517	$76,166,540	+6.4%	1.22%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	251,343	-6,044	$73,935,056	−10.9%	1.19%
ABBV	AbbVie Inc. Healthcare	Added	337,526	+3,625	$73,408,529	−3.8%	1.18%
VRT	Vertiv Holdings Co Industrials	Reduced	291,400	-46,771	$73,019,012	+33.3%	1.17%
FDX	Fedex Corp Industrials	Reduced	201,851	-57,077	$71,895,289	−3.9%	1.15%
QCOM	Qualcomm Inc/De Technology	Reduced	556,647	-27,765	$71,685,000	−28.3%	1.15%
IFF	International Flavors & Fragrances Inc Basic Materials	Added	979,858	+174,046	$71,088,697	+30.9%	1.14%
JNJ	Johnson & Johnson Healthcare	Reduced	273,256	-9,319	$66,794,696	+14.2%	1.07%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	1,066,526	-240,510	$62,690,398	−5.6%	1.01%
RKLB	Rocket Lab Corp Industrials	Reduced	933,300	-75,550	$59,936,526	−14.8%	0.96%
DE	Deere & Co Industrials	Reduced	105,456	-268	$59,403,364	+20.7%	0.95%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	448,097	-60,998	$58,705,187	−1.9%	0.94%
CAT	Caterpillar Inc Industrials	Reduced	79,623	-1,740	$56,409,710	+21.0%	0.91%
MRK	Merck & Co., Inc. Healthcare	Reduced	446,512	-45,699	$53,710,928	+3.7%	0.86%
PH	Parker-Hannifin Corp Industrials	Reduced	54,842	-59	$49,096,752	+1.7%	0.79%
MU	Micron Technology Inc Technology	Reduced	144,819	-32,287	$48,925,650	−3.2%	0.79%
DIS	Walt Disney Co Communication Services	Added	477,173	+314,424	$45,989,933	+148.4%	0.74%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	539,188	-11,725	$45,954,993	+5.6%	0.74%
CVX	Chevron Corp Energy	Reduced	222,107	-109,899	$45,953,938	−9.2%	0.74%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	315,544	-2,208	$45,577,175	+0.1%	0.73%
WMT	Walmart Inc. Consumer Defensive	Reduced	357,250	-17,818	$44,399,030	+6.3%	0.71%
BSX	Boston Scientific Corp Healthcare	Added	678,172	+234,444	$42,555,293	+0.6%	0.68%
META	Meta Platforms, Inc. Communication Services	Reduced	74,372	-1,690	$42,550,452	−15.3%	0.68%
SBUX	Starbucks Corp Consumer Cyclical	Added	468,819	+345,325	$42,001,494	+303.9%	0.67%
HON	Honeywell International Inc Industrials	Added	185,447	+2,850	$41,916,585	+17.7%	0.67%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	85,252	+4,521	$41,903,915	−10.4%	0.67%
C	Citigroup Inc Financial Services	Reduced	366,101	-7,414	$41,519,514	−4.7%	0.67%
EXE	EXPAND ENERGY Corp Energy	Added	374,522	+317,726	$41,115,025	+556.0%	0.66%
EMR	Emerson Electric Co Industrials	Reduced	297,318	-3,084	$38,954,604	−2.3%	0.63%
UBER	Uber Technologies, Inc Technology	Reduced	539,741	-38,825	$38,823,570	−17.9%	0.62%
GS	Goldman Sachs Group Inc Financial Services	Added	45,814	+181	$38,758,185	−3.4%	0.62%
PANW	Palo Alto Networks Inc Technology	Added	234,994	+44,554	$37,674,238	+7.4%	0.60%
CB	Chubb Ltd Financial Services	Reduced	111,531	-235	$36,351,298	+4.2%	0.58%
TPL	Texas Pacific Land Corp Energy	Reduced	76,172	-7,471	$36,148,184	+50.5%	0.58%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	124,078	-32,249	$36,043,418	−6.7%	0.58%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	8,502	+1,463	$35,796,138	−5.0%	0.57%
UTHR	UNITED THERAPEUTICS Corp Healthcare	Reduced	60,283	-860	$35,746,613	+20.0%	0.57%