TA
Tocqueville Asset Management L.p. 13F Filings & Institutional Holdings (Q2 2026)
Tocqueville Asset Management L.p.CIK: 0000883961
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$7.6B
Reporting period: 2026-06-30 · Number of holdings: 557
TOCQUEVILLE ASSET MANAGEMENT L.P. disclosed 557 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $7.6B and a quarterly turnover rate of 22.6%.
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Personality snowflake
- Concentration
- 4.25
- Portfolio Stability
- 22.59
- Momentum
- 100
- Sector conviction
- 40.57
- Diversification
- 100
- Sizing Uniformity
- 77.96
Tocqueville Asset Management L.p.'s disclosed holdings carry a Herfindahl concentration index of 0.011 — mathematically equivalent to about 94 equally-sized positions, well below its 557 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.20), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMAT
-10.1% $103.5M
Add MU
-36.3% $57.5M
Add MRVL
-3.3% $50.7M
Sold out HON
Trim IAU
-5.1% -$27.0M
Add IBM
+117.9% $32.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 557 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | HD | Home Depot Inc | Stock-Consumer Disc | 3.95% | -0.19% | -0.17% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 3.09% | +0.05% | -0.77% | |
| 3 | AMAT | Applied Materials Inc | Stock-Tech | 2.89% | +1.19% | -10.13% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.72% | +0.23% | -1.50% | |
| 5 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.49% | +0.13% | -3.80% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 2.24% | -0.34% | -3.35% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 2.23% | — | -1.63% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.11% | +0.09% | +2.06% | |
| 9 | IAU | Ishares Gold Trust | ETF-Commodities | 1.55% | -0.59% | -5.14% | |
| 10 | MU | Micron Technology Inc | Stock-Tech | 1.41% | +0.68% | -36.32% | |
| 11 | NEE | Nextera Energy Inc | Stock-Utilities | 1.31% | -0.29% | -2.56% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.31% | -0.11% | -1.00% | |
| 13 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 1.29% | +0.21% | -0.09% | |
| 14 | RKLB | Rocket Lab CORP | Stock-Industrials | 1.13% | +0.24% | -10.24% | |
| 15 | ABBV | Abbvie Inc | Stock-Healthcare | 1.12% | +0.03% | -0.42% | |
| 16 | CAT | Caterpillar Inc | Stock-Industrials | 1.12% | +0.28% | -0.43% | |
| 17 | GPC | Genuine Parts Co | Stock-Consumer Disc | 1.08% | -0.14% | -10.61% | |
| 18 | IFF | Intl Flavors & Fragrances | Stock-Materials | 1.06% | +0.01% | +3.61% | |
| 19 | QCOM | Qualcomm Inc | Stock-Tech | 1.06% | — | -21.92% | |
| 20 | CCJ | Cameco CORP | Stock-Energy | 1.05% | -0.22% | -0.88% | |
| 21 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.04% | -0.06% | -4.25% | |
| 22 | MRVL | Marvell Technology Inc | Stock-Tech | 1.02% | +0.63% | -3.27% | |
| 23 | RSG | Republic Services Inc | Stock-Industrials | 1.02% | -0.13% | +2.10% | |
| 24 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.94% | +0.38% | -11.42% | |
| 25 | FCX | Freeport-mcmoran Inc | Stock-Materials | 0.93% | — | +5.36% | |
| 26 | DE | Deere & Co | Stock-Industrials | 0.88% | — | -0.49% | |
| 27 | NEM | Newmont CORP | Stock-Materials | 0.87% | -0.26% | +0.04% | |
| 28 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.87% | -0.12% | -5.50% | |
| 29 | FDX | Fedex CORP | Stock-Industrials | 0.83% | -0.24% | -0.55% | |
| 30 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.78% | +0.15% | +41.08% | |
| 31 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.76% | -0.04% | +0.30% | |
| 32 | PH | Parker Hannifin CORP | Stock-Industrials | 0.71% | -0.02% | +0.03% | |
| 33 | IBM | Intl Business Machines CORP | Stock-Tech | 0.70% | +0.39% | +117.93% | |
| 34 | C | Citigroup Inc | Stock-Financials | 0.67% | +0.05% | -0.68% | |
| 35 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.65% | -0.22% | -1.72% | |
| 36 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.63% | +0.01% | -0.71% | |
| 37 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.63% | -0.05% | -3.92% | |
| 38 | UBER | Uber Technologies Inc | Stock-Industrials | 0.61% | +0.03% | +19.30% | |
| 39 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.60% | -0.08% | -0.85% | |
| 40 | GEHC | GE Healthcare Technology | Stock-Healthcare | 0.60% | +0.22% | +95.93% | |
| 41 | GLW | Corning Inc | Stock-Tech | 0.58% | +0.23% | -1.58% | |
| 42 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.58% | +0.01% | -5.43% | |
| 43 | ABT | Abbott Laboratories | Stock-Healthcare | 0.57% | +0.25% | +127.27% | |
| 44 | XLK | Ss Technology Select Sector | ETF-Tech | 0.56% | +0.12% | +0.01% | |
| 45 | EMR | Emerson Electric Co | Stock-Industrials | 0.55% | -0.03% | -1.63% | |
| 46 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.55% | -0.07% | -2.84% | |
| 47 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.54% | -0.14% | -12.04% | |
| 48 | XLE | Ss Energy Select Sector | ETF-Other | 0.54% | -0.16% | -1.42% | |
| 49 | WMT | Walmart Inc | Stock-Consumer Staples | 0.53% | -0.13% | -0.65% | |
| 50 | TSN | Tyson Foods Inc-cl A | Stock-Consumer Staples | 0.53% | +0.07% | +43.10% |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+2.7%
Performance Last 4 Quarters
+26.8%
- Stdev
- +12.9%
- Beta
- +0.93
- Alpha
- +0.8%
- Max Drawdown
- -8.6%
- Annualized Perf
- +20.2%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.85
- Stutzer
- +0.43
- Treynor
- +0.21
- Sterling
- +1.25
- Calmar
- +2.36
- Information Ratio
- -0.14
- Tracking Error
- +4.7%
- Stdev Down
- +6.8%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +36.7%
- Worst 12 Months
- +4%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.5
- Stdev Sectors
- +6.3%
- Skewness
- -0.35
- Kurtosis
- -0.5
- Upside Potential
- +4.47
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 557 | $7.6B | 23 | ||
| 2026 Q1 | 547 | $6.7B | 19 | ||
| 2025 Q4 | 580 | $6.9B | 18 | ||
| 2025 Q3 | 548 | $6.9B | 34 | ||
| 2025 Q2 | 535 | $6.6B | 0 | ||
| 2025 Q1 | 513 | $6.1B | 100 | ||
| 2024 Q4 | 538 | $6.4B | 0 | ||
| 2024 Q3 | 528 | $6.4B | 0 | ||
| 2024 Q2 | 526 | $6.1B | 0 | ||
| 2024 Q1 | 535 | $6.1B | 0 | ||
| 2023 Q4 | 517 | $5.5B | 0 | ||
| 2023 Q3 | 513 | $5.3B | 0 | ||
| 2023 Q2 | 533 | $5.6B | 0 | ||
| 2023 Q1 | 527 | $5.3B | 0 | ||
| 2022 Q4 | 574 | $5.3B | 0 | ||
| 2022 Q3 | 594 | $4.9B | 0 | ||
| 2022 Q2 | 661 | $5.5B | 0 | ||
| 2022 Q1 | 706 | $6.6B | 0 | ||
| 2021 Q4 | 738 | $7.3B | 0 | ||
| 2021 Q3 | 727 | $6.8B | 0 | ||
| 2021 Q2 | 736 | $6.9B | 100 | ||
| 2021 Q1 | 717 | $6.5B | 20 | ||
| 2020 Q4 | 704 | $6.0B | 21 | ||
| 2020 Q3 | 648 | $5.2B | 18 | ||
| 2020 Q2 | 652 | $4.8B | 32 | ||
| 2020 Q1 | 638 | $4.0B | 66 | ||
| 2019 Q4 | 732 | $6.8B | 30 | ||
| 2019 Q3 | 751 | $7.4B | 22 | ||
| 2019 Q2 | 782 | $7.7B | 21 | ||
| 2019 Q1 | 766 | $7.5B | 28 | ||
| 2018 Q4 | 747 | $6.7B | 30 | ||
| 2018 Q3 | 822 | $7.9B | 18 | ||
| 2018 Q2 | 829 | $7.9B | 17 | ||
| 2018 Q1 | 837 | $7.8B | 28 | ||
| 2017 Q4 | 805 | $8.8B | 25 | ||
| 2017 Q3 | 843 | $8.7B | 26 | ||
| 2017 Q2 | 833 | $8.3B | 15 | ||
| 2017 Q1 | 844 | $8.2B | 18 | ||
| 2016 Q4 | 852 | $7.8B | 26 | ||
| 2016 Q3 | 875 | $8.3B | 20 | ||
| 2016 Q2 | 883 | $8.4B | 35 | ||
| 2016 Q1 | 880 | $7.5B | 27 | ||
| 2015 Q4 | 927 | $7.4B | 24 | ||
| 2015 Q3 | 976 | $7.5B | 27 | ||
| 2015 Q2 | 998 | $8.5B | 21 | ||
| 2015 Q1 | 959 | $8.5B | 22 | ||
| 2014 Q4 | 968 | $9.3B | 25 | ||
| 2014 Q3 | 915 | $9.0B | 24 | ||
| 2014 Q2 | 1863 | $10.3B | 43 | ||
| 2014 Q1 | 1397 | $7.6B | 23 | ||
| 2013 Q4 | 1489 | $7.4B | 40 | ||
| 2013 Q3 | 971 | $8.0B | 21 | ||
| 2013 Q2 | 958 | $7.4B | — |
Holding changes this quarter
Tocqueville Asset Management L.p.'s most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Nisource Inc (NI).
Showing top 200 changes by size (of 576 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials Inc | +1.2% | -10.13% | Trim |
| 2 | MU | Micron Technology Inc | +0.7% | -36.32% | Trim |
| 3 | MRVL | Marvell Technology Inc | +0.6% | -3.27% | Trim |
| 4 | IBM | Intl Business Machines CORP | +0.4% | +117.93% | Add |
| 5 | PANW | Palo Alto Networks Inc | +0.4% | -11.42% | Trim |
| 6 | ✓ | +0.3% | NEW | New buy | |
| 7 | CAT | Caterpillar Inc | +0.3% | -0.43% | Trim |
| 8 | ✓ | +0.3% | NEW | New buy | |
| 9 | INTC | Intel CORP | +0.3% | -16.07% | Trim |
| 10 | ABT | Abbott Laboratories | +0.3% | +127.27% | Add |
| 11 | RKLB | Rocket Lab CORP | +0.2% | -10.24% | Trim |
| 12 | PAYX | Paychex Inc | +0.2% | +157.81% | Add |
| 13 | HUM | Humana Inc | +0.2% | +49.53% | Add |
| 14 | GOOGL | Alphabet Inc-cl A | +0.2% | -1.50% | Trim |
| 15 | GLW | Corning Inc | +0.2% | -1.58% | Trim |
| 16 | FLEX | Flex Ltd. | +0.2% | -13.00% | Trim |
| 17 | GEHC | GE Healthcare Technology | +0.2% | +95.93% | Add |
| 18 | VRT | Vertiv Holdings Co-a | +0.2% | -0.09% | Trim |
| 19 | NI | Nisource Inc | +0.2% | NEW | New buy |
| 20 | META | Meta Platforms Inc-class A | +0.2% | +41.08% | Add |
| 21 | SPGI | S&p Global Inc | +0.2% | +87.81% | Add |
| 22 | GOOG | Alphabet Inc-cl C | +0.1% | -3.80% | Trim |
| 23 | XLK | Ss Technology Select Sector | +0.1% | +0.01% | Add |
| 24 | UNH | Unitedhealth Group Inc | +0.1% | -1.59% | Trim |
| 25 | CSCO | Cisco Systems Inc | +0.1% | -2.13% | Trim |
| 26 | VSH | Vishay Intertechnology Inc | +0.1% | -48.91% | Trim |
| 27 | AMZN | Amazon.com Inc | +0.1% | +2.06% | Add |
| 28 | CVS | Cvs Health CORP | +0.1% | -0.54% | Trim |
| 29 | BKR | Baker Hughes Co | +0.1% | +142.84% | Add |
| 30 | ✓ | +0.1% | NEW | New buy | |
| 31 | AMD | Advanced Micro Devices | +0.1% | +501.47% | Add |
| 32 | TSN | Tyson Foods Inc-cl A | +0.1% | +43.10% | Add |
| 33 | BAX | Baxter International Inc | +0.1% | +5.09% | Add |
| 34 | SWK | Stanley Black & Decker Inc | +0.1% | +0.82% | Add |
| 35 | ROK | Rockwell Automation Inc | +0.1% | -2.04% | Trim |
| 36 | ASML | ASML Holding N.V. | +0.1% | +25.09% | Add |
| 37 | COPP | Sprott Copper Miners ETF | +0.1% | NEW | New buy |
| 38 | NVDA | Nvidia CORP | +0.1% | -0.77% | Trim |
| 39 | C | Citigroup Inc | +0.1% | -0.68% | Trim |
| 40 | LLY | Eli Lilly & Co | +0.1% | +0.32% | Add |
| 41 | NVT | nVent Electric plc | +0.1% | +0.00% | Add |
| 42 | STX | Seagate Technology Holdings plc | +0.1% | -5.72% | Trim |
| 43 | MKC | Mccormick & Co-non Vtg Shrs | +0.1% | NEW | New buy |
| 44 | AVAV | Aerovironment Inc | 0% | +40.53% | Add |
| 45 | NUE | Nucor CORP | 0% | -3.49% | Trim |
| 46 | BDX | Becton Dickinson And Co | 0% | +43.44% | Add |
| 47 | LRCX | Lam Research CORP | 0% | -3.42% | Trim |
| 48 | ✓ | 0% | NEW | New buy | |
| 49 | TDUP | Thredup Inc - Class A | 0% | — | Unchanged |
| 50 | ABBV | Abbvie Inc | 0% | -0.42% | Trim |
1–50 of 200
Filing History
FAQ
What is Tocqueville Asset Management L.p. and what type of investor is it?
Tocqueville Asset Management L.p. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $7.6B, spread across 557 disclosed positions.
What are Tocqueville Asset Management L.p.'s largest equity positions?
Based on the latest 13F filing, Tocqueville Asset Management L.p.'s top holdings by market value are:
1. Home Depot Inc (HD) — $298.5M (4.0%)
2. Nvidia CORP (NVDA) — $233.5M (3.1%)
3. Applied Materials Inc (AMAT) — $218.4M (2.9%)
4. Alphabet Inc-cl A (GOOGL) — $205.5M (2.7%)
5. Alphabet Inc-cl C (GOOG) — $188.7M (2.5%)
What changes did Tocqueville Asset Management L.p. make in its most recent portfolio filing?
In the latest reported quarter, Tocqueville Asset Management L.p. made 194 notable position adjustments: 9 new positions were initiated, 79 existing holdings were added to, 99 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Nisource Inc (NI)
What sectors does Tocqueville Asset Management L.p. focus on?
Tocqueville Asset Management L.p. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 24.8%
• Industrials: 14.9%
• Health Care: 11.3%
• Consumer Discretionary: 11.2%
• Financials: 9.5%
• Communication Services: 8.5%
Investment Profile
Tocqueville Asset Management L.p. returned an annualized 20.2% over the trailing 36 months — outperforming the S&P 500 by 0.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 23 over the past 4 quarters — a shift toward more active trading.
It has added to its AMAT position over the past two quarters (+$129.5M, now $218.4M), while trimming MSFT over the same stretch (-$44.5M, still holding $169.5M).
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Developer Access
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REST API
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