Tocqueville Asset Management L.P.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Tocqueville Asset Management L.P. reported 534 stock positions worth $6.1 billion. Its top holding was Home Depot (HD) at 5.7% of the portfolio, followed by Microsoft (MSFT, 4.0%) and Nvidia (NVDA, 3.2%). Compared with Q4 2023, it opened 42 new positions, sold out of 25, added to 165 and reduced 233. The biggest buy was Air Products & Chemicals (APD, shares +397%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000883961
- Portfolio Value
- $6.1B (Q1 2024)
- SEC Filing
- 0000919574-24-002807 ↗ filed May 9, 2024
Holdings Value
Holdings 534 stocks · $6.1B
| HD Home Depot Inc. | 5.70% | 909,633 | $348.9M | Reduce -0.2% |
| MSFT Microsoft Corp. | 3.96% | 575,531 | $242.1M | Reduce -0.5% |
| NVDA Nvidia Corp. | 3.17% | 214,786 | $194.1M | Reduce -12.5% |
| AAPL Apple Inc. | 2.54% | 906,817 | $155.5M | Reduce -4.3% |
| AMZN Amazon.com Inc. | 2.53% | 857,239 | $154.6M | Reduce -4.3% |
| GOOGL Alphabet Inc. Class A | 2.19% | 889,331 | $134.2M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 1.88% | 757,468 | $115.3M | Reduce -0.1% |
| QCOM Qualcomm Inc. | 1.73% | 626,795 | $106.1M | Reduce -5.8% |
| MRK Merck & Co. Inc. | 1.70% | 788,836 | $104.1M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.62% | 235,316 | $99.0M | Reduce -0.1% |
| IAU iShares Gold Trust | 1.56% | 2,277,395 | $95.7M | Reduce -1.8% |
| NEE Nextera Energy Inc. | 1.56% | 1,496,991 | $95.7M | Add +2.8% |
| RSG Republic Services Inc. | 1.25% | 398,786 | $76.3M | Reduce -0.4% |
| AMAT Applied Materials Inc. | 1.24% | 367,002 | $75.7M | Add +0.1% |
| SCHW Schwab (charles) Corp. | 1.21% | 1,023,632 | $74.0M | Reduce -16.4% |
| DE Deere & Co. | 1.12% | 166,583 | $68.4M | Reduce -2.7% |
| ADBE Adobe Inc. | 1.04% | 125,905 | $63.5M | Add +14.4% |
| PG The Procter & Gamble Co. | 1.01% | 381,334 | $61.9M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.97% | 484,298 | $59.3M | Add +4.1% |
| CL Colgate-Palmolive Co. | 0.93% | 632,224 | $56.9M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.93% | 283,371 | $56.8M | Reduce -2.1% |
| CAT Caterpillar Inc. | 0.91% | 152,053 | $55.7M | Reduce -3.4% |
| APD Air Products & Chemicals Inc. | 0.89% | 225,070 | $54.5M | Add +397.1% |
| FDX FedEx Corp. | 0.89% | 187,729 | $54.4M | Add +1.5% |
| JNJ Johnson & Johnson | 0.86% | 332,390 | $52.6M | Reduce -8.8% |
| PEP Pepsico Inc. | 0.85% | 296,877 | $52.0M | Reduce -1.0% |
| WY Weyerhaeuser Co. | 0.84% | 1,433,025 | $51.5M | Reduce -1.6% |
| ABBV Abbvie Inc. | 0.79% | 266,847 | $48.6M | Reduce -0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.78% | 1,254,094 | $47.6M | Reduce -0.3% |
| FANG Diamondback Energy Inc. | 0.77% | 237,183 | $47.0M | Add +19.0% |
| TMO Thermo Fisher Scientific Inc. | 0.73% | 76,923 | $44.7M | Add +0.4% |
| MCD McDonald's Corp. | 0.73% | 158,050 | $44.6M | Reduce -5.6% |
| PGR Progressive Corp. | 0.70% | 207,668 | $42.9M | Reduce -1.5% |
| WMT Walmart Inc. | 0.70% | 708,146 | $42.6M | Reduce -0.5% |
| CCJ Cameco Corp. | 0.69% | 970,459 | $42.0M | Reduce -0.7% |
| PFE Pfizer Inc. | 0.69% | 1,514,753 | $42.0M | Add +43.6% |
| PCAR Paccar Inc. | 0.68% | 337,160 | $41.8M | Reduce -0.3% |
| CVX Chevron Corp. | 0.67% | 260,401 | $41.1M | Add +22.8% |
| XLE SS Energy Select Sector | 0.66% | 430,078 | $40.6M | Reduce -5.0% |
| PH Parker Hannifin Corp. | 0.66% | 72,571 | $40.3M | Reduce -0.2% |
| NEM Newmont Corp. | 0.62% | 1,066,730 | $38.2M | Add +45.9% |
| PANW Palo Alto Networks Inc. | 0.60% | 129,802 | $36.9M | Add +17.6% |
| HON Honeywell International Inc. | 0.58% | 173,891 | $35.7M | Add +19.3% |
| BSX Boston Scientific Corp. | 0.58% | 518,055 | $35.5M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 0.57% | 71,809 | $34.9M | Reduce -2.9% |
| LMT Lockheed Martin Corp. | 0.57% | 76,115 | $34.6M | Add +6.4% |
| CRM Salesforce Inc. | 0.56% | 114,783 | $34.6M | Reduce -1.5% |
| WPM Wheaton Precious Metals Corp. | 0.56% | 731,074 | $34.5M | Add +0.1% |
| BKNG Booking Holdings Inc. | 0.56% | 9,448 | $34.3M | Add +0.4% |
| VMC Vulcan Materials Co. | 0.55% | 123,834 | $33.8M | No change |
| RTX RTX Corp. | 0.55% | 342,323 | $33.4M | Reduce -0.4% |
| MRVL Marvell Technology Inc. | 0.54% | 466,378 | $33.1M | Add +1.5% |
| CB Chubb Ltd. | 0.52% | 122,288 | $31.7M | Reduce -0.1% |
| CMG Chipotle Mexican Grill Inc. | 0.51% | 10,835 | $31.5M | Reduce -0.1% |
| EMR Emerson Electric Co. | 0.51% | 276,988 | $31.4M | Add +9.8% |
| BDX Becton Dickinson and Co. | 0.51% | 125,685 | $31.1M | Add +5.9% |
| MA Mastercard Inc. Class A | 0.50% | 63,473 | $30.6M | Add +0.1% |
| USB US Bancorp | 0.50% | 681,223 | $30.5M | Reduce -0.2% |
| FLEX Flex Ltd. | 0.49% | 1,056,248 | $30.2M | Reduce -0.7% |
| FCX Freeport-McMoran Inc. | 0.49% | 641,807 | $30.2M | Add +12.3% |
| UL Unilever PLC | 0.49% | 596,780 | $30.0M | Reduce -0.9% |
| XLK SS Technology Select Sector | 0.48% | 140,050 | $29.2M | Reduce -0.3% |
| NTR Nutrien Ltd. | 0.46% | 518,496 | $28.2M | Add +57.0% |
| OXY Occidental Petroleum Corp. | 0.46% | 432,087 | $28.1M | Add +13.9% |
| CSCO Cisco Systems Inc. | 0.46% | 561,306 | $28.0M | Reduce -0.1% |
| GEHC GE Healthcare Technology | 0.45% | 301,388 | $27.4M | Reduce -0.1% |
| NKE Nike Inc. Class B | 0.43% | 280,634 | $26.4M | Add +101.7% |
| AER Aercap Holdings NV | 0.43% | 300,115 | $26.1M | Reduce -0.6% |
| ROST Ross Stores Inc. | 0.42% | 176,724 | $25.9M | Reduce -4.5% |
| ICE Intercontinental Exchange Inc. | 0.41% | 182,313 | $25.1M | Reduce -0.5% |
| V Visa Inc. Class A | 0.41% | 89,358 | $24.9M | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.41% | 214,037 | $24.9M | Add +23.5% |
| ADP Automatic Data Processing | 0.41% | 99,255 | $24.8M | Reduce -0.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.40% | 168,034 | $24.4M | Add +0.0% |
| SDGR Schrodinger Inc. | 0.40% | 899,750 | $24.3M | Add +35.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.40% | 442,494 | $24.3M | Add +9.4% |
| ROK Rockwell Automation Inc. | 0.38% | 79,990 | $23.3M | Reduce -0.6% |
| AVGO Broadcom Inc. | 0.37% | 17,303 | $22.9M | Reduce -9.0% |
| WM Waste Management Inc. | 0.37% | 106,502 | $22.7M | Add +0.7% |
| ABT Abbott Laboratories | 0.37% | 199,428 | $22.7M | Reduce -38.5% |
| TPL Texas Pacific Land Corp. | 0.36% | 37,785 | $21.9M | Add +8.6% |
| LOW Lowe's Cos Inc. | 0.33% | 79,153 | $20.2M | Reduce -0.5% |
| BA The Boeing Co. | 0.33% | 103,419 | $20.0M | Reduce -1.2% |
| CARR Carrier Global Corp. | 0.32% | 333,290 | $19.4M | Reduce -0.6% |
| XLC SS Comm Select Sector SPDR | 0.32% | 236,194 | $19.3M | Reduce -0.0% |
| STZ Constellation Brands Inc. Class A | 0.31% | 70,862 | $19.3M | Add +0.7% |
| SYY Sysco Corp. | 0.31% | 233,949 | $19.0M | Add +3.3% |
| ORCL Oracle Corp. | 0.30% | 144,323 | $18.1M | Add +1.6% |
| MPC Marathon Petroleum Corp. | 0.29% | 89,193 | $18.0M | Reduce -1.1% |
| MLM Martin Marietta Materials | 0.29% | 29,211 | $17.9M | Reduce -1.2% |
| CMCSA Comcast Corp. Class A | 0.29% | 410,770 | $17.8M | Add +36.1% |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 422,124 | $17.6M | Add +0.8% |
| HAL Halliburton Co. | 0.29% | 445,510 | $17.6M | Add +0.0% |
| XLF SS Financial Select Sector | 0.29% | 415,926 | $17.5M | Reduce -12.6% |
| AFL Aflac Inc. | 0.29% | 203,300 | $17.5M | Add +0.9% |
| ADSK Autodesk Inc. | 0.28% | 66,945 | $17.4M | Reduce -1.0% |
| SWN Southwestern Energy Co. | 0.28% | 2,252,450 | $17.1M | Add +656.7% |
| KO The Coca-Cola Co. | 0.28% | 277,902 | $17.0M | Reduce -0.8% |
| FNV Franco-Nevada Corp. | 0.28% | 141,890 | $16.9M | Reduce -0.1% |
| DGX Quest Diagnostics Inc. | 0.28% | 126,623 | $16.9M | Reduce -0.2% |
Options reported separately and not counted above: KO puts ($184K).
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -4.3% | 2.54% | −0.77 |
| KDP Keurig Dr Pepper Inc. | Reduce -60.8% | 0.20% | −0.41 |
| SCHW Schwab (charles) Corp. | Reduce -16.4% | 1.21% | −0.32 |
| LITE Lumentum Holdings Inc. | Reduce -95.0% | 0.01% | −0.28 |
| ABT Abbott Laboratories | Reduce -38.5% | 0.37% | −0.28 |
| RRC Range Resources Corp. | Reduce -98.0% | 0.00% | −0.22 |
| ALB Albemarle Corp. | Reduce -95.0% | 0.01% | −0.18 |
| JNJ Johnson & Johnson | Reduce -8.8% | 0.86% | −0.18 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -97.4% | 0.00% | −0.18 |
| MCD McDonald's Corp. | Reduce -5.6% | 0.73% | −0.17 |
| BA The Boeing Co. | Reduce -1.2% | 0.33% | −0.17 |
| NXT Nextpower Inc. | Reduce -83.2% | 0.03% | −0.16 |
| APOG Apogee Enterprises Inc. | Sold out | 0.00% | −0.15 |
| OEC Orion SA | Reduce -25.0% | 0.18% | −0.13 |
| DE Deere & Co. | Reduce -2.7% | 1.12% | −0.12 |
| FLEX Flex Ltd. | Reduce -0.7% | 0.49% | −0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 2.19% | −0.09 |
| CARS Cars.com Inc. | Reduce -12.7% | 0.23% | −0.09 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -5.2% | 0.23% | −0.09 |
| IAU iShares Gold Trust | Reduce -1.8% | 1.56% | −0.08 |
| WY Weyerhaeuser Co. | Reduce -1.6% | 0.84% | −0.08 |
| CCJ Cameco Corp. | Reduce -0.7% | 0.69% | −0.08 |
| PAYC Paycom Software Inc. | Reduce -94.5% | 0.00% | −0.07 |
| PEP Pepsico Inc. | Reduce -1.0% | 0.85% | −0.07 |
| PHYSICIANS REALTY TRUST | Sold out | 0.00% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -0.6% | 0.38% | −0.07 |
| F Ford Motor Co. | Reduce -35.4% | 0.12% | −0.07 |
| KRE SS SPDR S&P Regional Bank | Reduce -13.0% | 0.18% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 0.46% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 1.88% | −0.05 |
| HACK Amplify Cybersecurity ETF | Reduce -79.8% | 0.01% | −0.05 |
| LEG Leggett & Platt Inc. | Sold out | 0.00% | −0.05 |
| ITA iShares U.S. Aerospace & Def | Sold out | 0.00% | −0.05 |
| BX Blackstone Inc. | Reduce -8.8% | 0.20% | −0.04 |
| DGX Quest Diagnostics Inc. | Reduce -0.2% | 0.28% | −0.04 |
| ROST Ross Stores Inc. | Reduce -4.5% | 0.42% | −0.04 |
| UL Unilever PLC | Reduce -0.9% | 0.49% | −0.04 |
| USB US Bancorp | Reduce -0.2% | 0.50% | −0.04 |
| XLF SS Financial Select Sector | Reduce -12.6% | 0.29% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 0.20% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -17.9% | 0.09% | −0.04 |
| NOW ServiceNow Inc. | Reduce -13.9% | 0.18% | −0.04 |
| IONS Ionis Pharmaceuticals Inc. | Reduce -0.3% | 0.11% | −0.03 |
| CCRN Cross Country Healthcare Inc. | Reduce -20.2% | 0.05% | −0.03 |
| CARR Carrier Global Corp. | Reduce -0.6% | 0.32% | −0.03 |
| DUK Duke Energy Corp. | Reduce -0.1% | 0.26% | −0.03 |
| INTC Intel Corp. | Reduce -0.8% | 0.10% | −0.03 |
| BP BP PLC-Spons ADR | Reduce -22.6% | 0.08% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -32.4% | 0.04% | −0.03 |
| CXT Crane NXT Co. | Reduce -32.1% | 0.05% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| APD Air Products & Chemicals Inc. | Add +397.1% | 0.89% | +0.67 |
| SWN Southwestern Energy Co. | Add +656.7% | 0.28% | +0.24 |
| ON On Semiconductor | New | 0.24% | +0.24 |
| FANG Diamondback Energy Inc. | Add +19.0% | 0.77% | +0.21 |
| DIS The Walt Disney Co. | Add +4.1% | 0.97% | +0.21 |
| AMAT Applied Materials Inc. | Add +0.1% | 1.24% | +0.16 |
| NKE Nike Inc. Class B | Add +101.7% | 0.43% | +0.16 |
| BIIB Biogen Inc. | Add +924.4% | 0.16% | +0.14 |
| PFE Pfizer Inc. | Add +43.6% | 0.69% | +0.14 |
| NTR Nutrien Ltd. | Add +57.0% | 0.46% | +0.12 |
| CVX Chevron Corp. | Add +22.8% | 0.67% | +0.10 |
| XOM Exxon Mobil Corp. | Add +23.5% | 0.41% | +0.09 |
| LLY Eli Lilly & Co. | Add +25.7% | 0.26% | +0.09 |
| RVTY Revvity Inc. | New | 0.08% | +0.08 |
| NEM Newmont Corp. | Add +45.9% | 0.62% | +0.08 |
| APO Apollo Global Management Inc. | Add +35.2% | 0.24% | +0.08 |
| PWR Quanta Services Inc. | Add +388.1% | 0.09% | +0.08 |
| AEP American Electric Power | New | 0.07% | +0.07 |
| DOC Healthpeak Properties Inc. | New | 0.07% | +0.07 |
| MDT Medtronic PLC | Add +40.8% | 0.27% | +0.07 |
| EMR Emerson Electric Co. | Add +9.8% | 0.51% | +0.07 |
| KMB Kimberly-Clark Corp. | Add +176.2% | 0.11% | +0.07 |
| SNN Smith & Nephew PLC -Spon ADR | Add +294.9% | 0.09% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.06% | +0.06 |
| VFC VF Corp. | New | 0.06% | +0.06 |
| AHCO Adapthealth Corp. | Add +278.0% | 0.07% | +0.06 |
| FCX Freeport-McMoran Inc. | Add +12.3% | 0.49% | +0.05 |
| CMCSA Comcast Corp. Class A | Add +36.1% | 0.29% | +0.05 |
| OXY Occidental Petroleum Corp. | Add +13.9% | 0.46% | +0.05 |
| UPS United Parcel Service Class B | Add +880.3% | 0.05% | +0.05 |
| BIZD Vaneck BDC Income ETF | New | 0.05% | +0.05 |
| RKLB Rocket Lab USA Inc. | Add +217.1% | 0.09% | +0.05 |
| JEF Jefferies Financial Group Inc. | New | 0.04% | +0.04 |
| XPO Xpo Inc. | Add +1.1% | 0.20% | +0.04 |
| FDX FedEx Corp. | Add +1.5% | 0.89% | +0.04 |
| MRVL Marvell Technology Inc. | Add +1.5% | 0.54% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.3% | 0.23% | +0.03 |
| EXE Expand Energy Corp. | New | 0.03% | +0.03 |
| WNS WNS Holdings Ltd. | New | 0.03% | +0.03 |
| MLPA Global X MLP ETF | New | 0.03% | +0.03 |
| LSPD Lightspeed Commerce Inc. | New | 0.03% | +0.03 |
| HON Honeywell International Inc. | Add +19.3% | 0.58% | +0.03 |
| MITK Mitek Systems Inc. | Add +32.8% | 0.12% | +0.03 |
| WM Waste Management Inc. | Add +0.7% | 0.37% | +0.03 |
| TCRX Tscan Therapeutics Inc. | New | 0.03% | +0.03 |
| TPL Texas Pacific Land Corp. | Add +8.6% | 0.36% | +0.03 |
| TM Toyota Motor Corp. -Spon ADR | Add +4.8% | 0.11% | +0.03 |
| APA Apa Corp. | Add +44.8% | 0.13% | +0.03 |
| ORCL Oracle Corp. | Add +1.6% | 0.30% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +26.7% | 0.12% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 550 | $7.6B | HD, NVDA, AMAT, GOOGL, GOOG |
| Q1 2026 | 540 | $6.7B | HD, NVDA, MSFT, GOOGL, GOOG |
| Q4 2025 | 573 | $6.9B | HD, NVDA, MSFT, GOOG, GOOGL |
| Q3 2025 | 542 | $6.9B | HD, NVDA, MSFT, AAPL, GOOGL |
| Q2 2025 | 529 | $6.6B | HD, MSFT, NVDA, AMZN, AAPL |
| Q1 2025 | 510 | $6.1B | HD, MSFT, AAPL, NVDA, AMZN |
| Q4 2024 | 535 | $6.4B | HD, MSFT, NVDA, AAPL, AMZN |
| Q3 2024 | 526 | $6.4B | HD, MSFT, NVDA, AAPL, AMZN |
| Q2 2024 | 525 | $6.1B | HD, MSFT, NVDA, AAPL, AMZN |
| Q1 2024 | 534 | $6.1B | HD, MSFT, NVDA, AAPL, AMZN |