TOCQUEVILLE ASSET MANAGEMENT L.P.
Long book
$6.74B
Q1 2026
Positions
540
Top-10 weight
24%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsTOCQUEVILLE ASSET MANAGEMENT L.P. is an institutional manager, running a $6.74B US long book across 540 positions.
The portfolio is broadly diversified across 540 positions (top 10 only 24%). Turnover is modest: positions are typically held for years. Current anchor positions: HOME DEPOT INC, NVIDIA CORP, MICROSOFT CORP, ALPHABET INC-CL A, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.6%
Q2 2024
+5.5%
Q3 2024
+0.4%
Q4 2024
-2.8%
Q1 2025
+8.4%
Q2 2025
+8.5%
Q3 2025
+4.3%
Q4 2025
+0.4%
Q1 2026
+13.8%
Sector allocation
Technology 27%
Consumer discretionary 12%
Financials 12%
Industrials 11%
Healthcare 10%
Materials 7%
Other 5%
Utilities 5%
Long book by quarter
What does TOCQUEVILLE ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HD HOME DEPOT INC | Consumer discretionary | 847.9K | $278.9M | 4.1% | -0.8% |
| NVDA NVIDIA CORP | Technology | 1.2M | $204.5M | 3.0% | -1.5% |
| MSFT MICROSOFT CORP | Technology | 470.3K | $174.1M | 2.6% | +6.3% |
| GOOGL ALPHABET INC-CL A | Technology | 583.7K | $167.8M | 2.5% | -6.1% |
| GOOG ALPHABET INC-CL C | Technology | 555.3K | $159.3M | 2.4% | -11.2% |
| AAPL APPLE INC | Technology | 593.4K | $150.6M | 2.2% | -3.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 655.3K | $136.5M | 2.0% | -1.2% |
| AMAT APPLIED MATERIALS INC | Technology | 336.1K | $114.9M | 1.7% | -2.9% |
| NEE NEXTERA ENERGY INC | Utilities | 1.2M | $108.0M | 1.6% | -0.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 199.3K | $95.5M | 1.4% | -4.0% |
| CCJ CAMECO CORP | Materials | 788.5K | $85.6M | 1.3% | -6.8% |
| GPC GENUINE PARTS CO | Consumer discretionary | 775.0K | $82.0M | 1.2% | +174.2% |
| RSG REPUBLIC SERVICES INC | Utilities | 353.0K | $77.3M | 1.1% | -0.3% |
| NEM NEWMONT CORP | Materials | 703.6K | $76.2M | 1.1% | -1.9% |
| JPM JPMORGAN CHASE & CO | Financials | 251.3K | $73.9M | 1.1% | -2.3% |
| ABBV ABBVIE INC | Healthcare | 337.5K | $73.4M | 1.1% | +1.1% |
| VRT VERTIV HOLDINGS CO-A | Technology | 291.4K | $73.0M | 1.1% | -13.8% |
| FDX FEDEX CORP | Industrials | 201.9K | $71.9M | 1.1% | -22.0% |
| QCOM QUALCOMM INC | Technology | 556.6K | $71.7M | 1.1% | -4.8% |
| IFF INTL FLAVORS & FRAGRANCES | Other | 979.9K | $71.1M | 1.1% | +21.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 273.3K | $66.8M | 1.0% | -3.3% |
| FCX FREEPORT-MCMORAN INC | Materials | 1.1M | $62.7M | 0.9% | -18.4% |
| RKLB ROCKET LAB CORP | Industrials | 933.3K | $59.9M | 0.9% | -7.5% |
| DE DEERE & CO | Industrials | 105.5K | $59.4M | 0.9% | -0.3% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 448.1K | $58.7M | 0.9% | -12.0% |
| CAT CATERPILLAR INC | Industrials | 79.6K | $56.4M | 0.8% | -2.1% |
| MRK MERCK & CO. INC. | Healthcare | 446.5K | $53.7M | 0.8% | -9.3% |
| PH PARKER HANNIFIN CORP | Industrials | 54.8K | $49.1M | 0.7% | -0.1% |
| MU MICRON TECHNOLOGY INC | Technology | 144.8K | $48.9M | 0.7% | -18.2% |
| DIS WALT DISNEY CO/THE | Services media | 477.2K | $46.0M | 0.7% | +193.2% |
| CL COLGATE-PALMOLIVE CO | Other | 539.2K | $46.0M | 0.7% | -2.1% |
| CVX CHEVRON CORP | Energy | 222.1K | $46.0M | 0.7% | -33.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 315.5K | $45.6M | 0.7% | -0.7% |
| WMT WALMART INC | Consumer discretionary | 357.3K | $44.4M | 0.7% | -4.8% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 678.2K | $42.6M | 0.6% | +52.8% |
| META META PLATFORMS INC-CLASS A | Technology | 74.4K | $42.6M | 0.6% | -2.2% |
| SBUX STARBUCKS CORP | Consumer discretionary | 468.8K | $42.0M | 0.6% | +279.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 185.4K | $41.9M | 0.6% | +1.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 85.3K | $41.9M | 0.6% | +5.6% |
| C CITIGROUP INC | Financials | 366.1K | $41.5M | 0.6% | -2.0% |
| EXE EXPAND ENERGY CORP | Energy | 374.5K | $41.1M | 0.6% | +559.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 297.3K | $39.0M | 0.6% | -1.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 539.7K | $38.8M | 0.6% | -6.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 45.8K | $38.8M | 0.6% | +0.4% |
| PANW PALO ALTO NETWORKS INC | Technology | 235.0K | $37.7M | 0.6% | +23.4% |
| CB CHUBB LTD | Financials | 111.5K | $36.4M | 0.5% | -0.2% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 76.2K | $36.1M | 0.5% | -8.9% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 124.1K | $36.0M | 0.5% | -20.6% |
| BKNG BOOKING HOLDINGS INC | Industrials | 8.5K | $35.8M | 0.5% | +20.8% |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 60.3K | $35.7M | 0.5% | -1.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 547 | $6.74B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 580 | $6.86B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 548 | $6.88B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 535 | $6.57B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 513 | $6.12B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 538 | $6.38B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 528 | $6.37B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 526 | $6.06B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 535 | $6.12B | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P