TOCQUEVILLE ASSET MANAGEMENT L.P.
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 SPYHypothetical 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, 2025Top 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 |
|---|---|---|
| Technology | 20.8% | $1,295,722,047 |
| Industrials | 13.8% | $862,082,692 |
| Healthcare | 11.6% | $723,200,285 |
| Financial Services | 11.3% | $702,517,842 |
| Consumer Cyclical | 11.2% | $698,661,636 |
| Basic Materials | 7.0% | $436,554,590 |
| Energy | 6.7% | $414,793,735 |
| Communication Services | 5.7% | $356,514,018 |
| Consumer Defensive | 4.9% | $302,885,701 |
| Unclassified | 3.4% | $209,032,452 |
| Utilities | 2.5% | $156,493,410 |
| Real Estate | 1.2% | $71,835,914 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
30 positions ·
$302,885,701 total
· Consumer Defensive 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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Reduced | 539,188 | $45,954,993 | 15.17% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 315,544 | $45,577,175 | 15.05% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 357,250 | $44,399,030 | 14.66% | |
| TSN |
Tyson Foods, Inc.
Consumer Defensive
|
Reduced | 488,220 | $31,280,255 | 10.33% | |
| KVUE |
Kenvue Inc.
Consumer Defensive
|
Reduced | 1,615,352 | $27,848,668 | 9.19% | |
| UL |
Unilever PLC
Consumer Defensive
|
Reduced | 469,819 | $26,765,588 | 8.84% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 238,691 | $18,152,450 | 5.99% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Reduced | 124,119 | $13,592,271 | 4.49% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Reduced | 70,146 | $10,892,972 | 3.60% | |
| SYY |
Sysco Corp
Consumer Defensive
|
Reduced | 137,221 | $9,787,973 | 3.23% | |
| KDP |
Keurig Dr Pepper Inc.
Consumer Defensive
|
Added | 221,506 | $5,832,252 | 1.93% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
Added | 24,676 | $3,701,400 | 1.22% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Added | 37,728 | $3,639,620 | 1.20% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
Reduced | 57,639 | $3,322,311 | 1.10% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Reduced | 3,216 | $3,204,518 | 1.06% | |
| KR |
Kroger Co
Consumer Defensive
|
Added | 19,411 | $1,404,579 | 0.46% | |
| USFD |
US Foods Holding Corp.
Consumer Defensive
|
Added | 14,611 | $1,347,280 | 0.44% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 7,959 | $1,315,941 | 0.43% | |
| HSY |
Hershey Co
Consumer Defensive
|
Held | 3,602 | $748,819 | 0.25% | |
| MO |
Altria Group, Inc.
Consumer Defensive
|
Added | 10,336 | $682,072 | 0.23% | |
| TGT |
Target Corp
Consumer Defensive
|
Reduced | 5,152 | $624,422 | 0.21% | |
| SFM |
Sprouts Farmers Market, Inc.
Consumer Defensive
|
Reduced | 8,042 | $620,279 | 0.20% | |
| MICC |
Magnum Ice Cream Co N.V.
Consumer Defensive
|
Reduced | 32,965 | $492,826 | 0.16% | |
| KHC |
Kraft Heinz Co
Consumer Defensive
|
Added | 17,230 | $387,502 | 0.13% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Held | 2,620 | $311,072 | 0.10% | |
| CPB |
CAMPBELL'S Co
Consumer Defensive
|
Added | 12,500 | $278,375 | 0.09% | |
| MAMA |
Mama's Creations, Inc.
Consumer Defensive
|
Held | 17,725 | $271,901 | 0.09% | |
| MNST |
Monster Beverage Corp
Consumer Defensive
|
Reduced | 3,220 | $233,321 | 0.08% | |
| FARM |
FARMER BROTHERS CO
Consumer Defensive
|
Reduced | 155,000 | $196,850 | 0.06% | |
| ZVIA |
Zevia PBC
Consumer Defensive
|
Held | 16,228 | $18,986 | 0.01% |