TOCQUEVILLE ASSET MANAGEMENT L.P.

CIK

883961

Location

New York, NY

Portfolio Value

Small $436,554,590

Diversification

Diversified

Filing Date

Global Rank

#571 / 8,586 ▲ 17

Top Industry

Semiconductors 7.1%

3Y Alpha vs SPY

-2.8%

Period ended 3 months ago

Filed May 12, 2026 · 35d

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

+66.2%

SPY

+78.1%

Annualised alpha

-2.8%

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

29 positions · $436,554,590 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	703,617	-13,517	$76,166,540	+6.4%	17.45%
IFF	International Flavors & Fragrances Inc Basic Materials	Added	979,858	+174,046	$71,088,697	+30.9%	16.28%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	1,066,526	-240,510	$62,690,398	−5.6%	14.36%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	448,097	-60,998	$58,705,187	−1.9%	13.45%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	124,078	-32,249	$36,043,418	−6.7%	8.26%
NTR	Nutrien Ltd. Basic Materials	Reduced	269,316	-98,407	$20,322,585	−10.5%	4.66%
NUE	Nucor Corp Basic Materials	Reduced	115,775	-1,842	$19,577,552	+2.0%	4.48%
VMC	Vulcan Materials CO Basic Materials	Held	67,683	0	$18,430,080	−4.5%	4.22%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	18,837	-658	$11,088,965	−8.6%	2.54%
LIN	Linde PLC Basic Materials	Added	22,041	+1,096	$10,927,046	+22.4%	2.50%
B	Barrick Mining Corp Basic Materials	Reduced	267,217	-20,948	$10,899,781	−13.1%	2.50%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	42,970	-20,250	$10,615,738	−19.0%	2.43%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Reduced	81,482	-38,333	$6,205,669	+6.6%	1.42%
CRH	Crh Public Ltd Co Basic Materials	Reduced	37,286	-24	$3,919,504	−15.8%	0.90%
CDE	Coeur Mining, Inc. Basic Materials	Reduced	187,319	-4,220	$3,515,977	+3.0%	0.81%
BCPC	Balchem Corp Basic Materials	Reduced	18,895	-480	$3,202,324	+7.8%	0.73%
RGLD	Royal Gold Inc Basic Materials	Held	10,339	0	$2,631,172	+14.5%	0.60%
BHP	BHP Group Ltd Basic Materials	Added	27,400	+2,215	$1,993,076	+31.1%	0.46%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	8,183	-19,306	$1,660,985	−64.4%	0.38%
VALE	Vale S.A. Basic Materials	Added	81,565	+951	$1,297,699	+23.5%	0.30%
PAAS	Pan American Silver Corp Basic Materials	Reduced	22,221	-1,500	$1,213,933	−1.2%	0.28%
DOW	Dow Inc. Basic Materials	Added	22,076	+724	$919,465	+84.2%	0.21%
CTVA	Corteva, Inc. Basic Materials	Reduced	9,945	-31	$832,495	+24.5%	0.19%
ECL	Ecolab Inc. Basic Materials	Reduced	2,643	-105	$703,090	−2.5%	0.16%
ASH	Ashland Inc. Basic Materials	Reduced	10,700	-2,600	$595,027	−23.7%	0.14%
CF	CF Industries Holdings, Inc. Basic Materials	Added	3,822	+1,175	$496,248	+142.4%	0.11%
OEC	Orion S.A. Basic Materials	Reduced	70,403	-1,200	$457,619	+21.0%	0.10%
AXTA	Axalta Coating Systems Ltd. Basic Materials	Held	9,600	0	$265,920	−14.3%	0.06%
ASPI	ASP Isotopes Inc. Basic Materials	Added	20,000	+3,000	$88,400	−2.8%	0.02%