Tocqueville Asset Management L.P.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Tocqueville Asset Management L.P. reported 525 stock positions worth $6.1 billion. Its top holding was Home Depot (HD) at 5.4% of the portfolio, followed by Microsoft (MSFT, 4.0%) and Nvidia (NVDA, 3.7%). Compared with Q1 2024, it opened 20 new positions, sold out of 29, added to 114 and reduced 259. The biggest buy was Biogen (BIIB, shares +376%) and the biggest sale Bank of America (BAC, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000883961
- Portfolio Value
- $6.1B (Q2 2024)
- SEC Filing
- 0000919574-24-004351 ↗ filed Aug 12, 2024
Holdings Value
Holdings 525 stocks · $6.1B
| HD Home Depot Inc. | 5.36% | 943,924 | $324.9M | Add +3.8% |
| MSFT Microsoft Corp. | 4.05% | 548,463 | $245.1M | Reduce -4.7% |
| NVDA Nvidia Corp. | 3.66% | 1,792,502 | $221.4M | Reduce -16.5% |
| AAPL Apple Inc. | 3.04% | 873,221 | $183.9M | Reduce -3.7% |
| AMZN Amazon.com Inc. | 2.61% | 817,853 | $158.0M | Reduce -4.6% |
| GOOGL Alphabet Inc. Class A | 2.53% | 841,415 | $153.3M | Reduce -5.4% |
| GOOG Alphabet Inc. Class C | 2.15% | 708,866 | $130.0M | Reduce -6.4% |
| QCOM Qualcomm Inc. | 1.92% | 583,876 | $116.3M | Reduce -6.8% |
| NEE Nextera Energy Inc. | 1.64% | 1,398,916 | $99.1M | Reduce -6.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.54% | 230,055 | $93.6M | Reduce -2.2% |
| MRK Merck & Co. Inc. | 1.51% | 737,381 | $91.3M | Reduce -6.5% |
| IAU iShares Gold Trust | 1.49% | 2,049,661 | $90.0M | Reduce -10.0% |
| AMAT Applied Materials Inc. | 1.32% | 337,729 | $79.7M | Reduce -8.0% |
| RSG Republic Services Inc. | 1.26% | 393,254 | $76.4M | Reduce -1.4% |
| ADBE Adobe Inc. | 1.18% | 128,608 | $71.4M | Add +2.1% |
| APD Air Products & Chemicals Inc. | 1.03% | 242,247 | $62.5M | Add +7.6% |
| CL Colgate-Palmolive Co. | 1.00% | 624,468 | $60.6M | Reduce -1.2% |
| PG The Procter & Gamble Co. | 0.96% | 353,272 | $58.3M | Reduce -7.4% |
| JPM JPMorgan Chase & Co. | 0.94% | 280,806 | $56.8M | Reduce -0.9% |
| DE Deere & Co. | 0.93% | 150,335 | $56.2M | Reduce -9.8% |
| ABBV Abbvie Inc. | 0.89% | 316,033 | $54.2M | Add +18.4% |
| CRM Salesforce Inc. | 0.88% | 208,197 | $53.5M | Add +81.4% |
| FDX FedEx Corp. | 0.88% | 177,756 | $53.3M | Reduce -5.3% |
| BIIB Biogen Inc. | 0.84% | 219,998 | $51.0M | Add +376.2% |
| SCHW Schwab (charles) Corp. | 0.84% | 688,803 | $50.8M | Reduce -32.7% |
| PEP Pepsico Inc. | 0.80% | 294,785 | $48.6M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.80% | 330,917 | $48.4M | Reduce -0.4% |
| CAT Caterpillar Inc. | 0.76% | 138,861 | $46.3M | Reduce -8.7% |
| CCJ Cameco Corp. | 0.76% | 937,086 | $46.1M | Reduce -3.4% |
| FANG Diamondback Energy Inc. | 0.76% | 229,602 | $46.0M | Reduce -3.2% |
| WMT Walmart Inc. | 0.72% | 647,076 | $43.8M | Reduce -8.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.72% | 440,378 | $43.7M | Reduce -9.1% |
| PGR Progressive Corp. | 0.70% | 204,643 | $42.5M | Reduce -1.5% |
| TMO Thermo Fisher Scientific Inc. | 0.69% | 75,863 | $42.0M | Reduce -1.4% |
| NEM Newmont Corp. | 0.68% | 983,464 | $41.2M | Reduce -7.8% |
| WY Weyerhaeuser Co. | 0.67% | 1,419,454 | $40.3M | Reduce -0.9% |
| APO Apollo Global Management Inc. | 0.66% | 336,760 | $39.8M | Add +160.5% |
| PANW Palo Alto Networks Inc. | 0.65% | 116,806 | $39.6M | Reduce -10.0% |
| XLE SS Energy Select Sector | 0.65% | 429,373 | $39.1M | Reduce -0.2% |
| HON Honeywell International Inc. | 0.65% | 183,020 | $39.1M | Add +5.3% |
| BSX Boston Scientific Corp. | 0.64% | 501,279 | $38.6M | Reduce -3.2% |
| PFE Pfizer Inc. | 0.62% | 1,342,299 | $37.6M | Reduce -11.4% |
| BKNG Booking Holdings Inc. | 0.62% | 9,408 | $37.3M | Reduce -0.4% |
| FCX Freeport-McMoran Inc. | 0.61% | 765,974 | $37.2M | Add +19.4% |
| MCD McDonald's Corp. | 0.61% | 145,849 | $37.2M | Reduce -7.7% |
| PH Parker Hannifin Corp. | 0.61% | 72,568 | $36.7M | Reduce 0.0% |
| CVX Chevron Corp. | 0.60% | 230,852 | $36.1M | Reduce -11.3% |
| META Meta Platforms Inc. Class A | 0.59% | 70,887 | $35.7M | Reduce -1.3% |
| LMT Lockheed Martin Corp. | 0.58% | 75,418 | $35.2M | Reduce -0.9% |
| WPM Wheaton Precious Metals Corp. | 0.58% | 669,624 | $35.1M | Reduce -8.4% |
| CMG Chipotle Mexican Grill Inc. | 0.56% | 538,750 | $33.8M | Reduce -0.6% |
| UL Unilever PLC | 0.54% | 598,000 | $32.9M | Add +0.2% |
| PCAR Paccar Inc. | 0.54% | 317,742 | $32.7M | Reduce -5.8% |
| XLK SS Technology Select Sector | 0.52% | 139,615 | $31.6M | Reduce -0.3% |
| CB Chubb Ltd. | 0.51% | 121,446 | $31.0M | Reduce -0.7% |
| VMC Vulcan Materials Co. | 0.51% | 123,834 | $30.8M | No change |
| EMR Emerson Electric Co. | 0.51% | 278,031 | $30.6M | Add +0.4% |
| MRVL Marvell Technology Inc. | 0.50% | 437,478 | $30.6M | Reduce -6.2% |
| BDX Becton Dickinson and Co. | 0.50% | 130,314 | $30.5M | Add +3.7% |
| FLEX Flex Ltd. | 0.48% | 994,062 | $29.3M | Reduce -5.9% |
| NTR Nutrien Ltd. | 0.48% | 569,622 | $29.0M | Add +9.9% |
| RTX RTX Corp. | 0.48% | 287,217 | $28.8M | Reduce -16.1% |
| MA Mastercard Inc. Class A | 0.46% | 63,226 | $27.9M | Reduce -0.4% |
| AER Aercap Holdings NV | 0.46% | 299,005 | $27.9M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 0.46% | 583,315 | $27.7M | Add +3.9% |
| ABT Abbott Laboratories | 0.42% | 247,460 | $25.7M | Add +24.1% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.41% | 165,526 | $25.1M | Reduce -1.5% |
| OXY Occidental Petroleum Corp. | 0.41% | 394,460 | $24.9M | Reduce -8.7% |
| AVGO Broadcom Inc. | 0.41% | 15,326 | $24.6M | Reduce -11.4% |
| NKE Nike Inc. Class B | 0.40% | 321,839 | $24.3M | Add +14.7% |
| ICE Intercontinental Exchange Inc. | 0.40% | 176,923 | $24.2M | Reduce -3.0% |
| V Visa Inc. Class A | 0.39% | 89,329 | $23.4M | Reduce -0.0% |
| GEHC GE Healthcare Technology | 0.39% | 300,197 | $23.4M | Reduce -0.4% |
| WM Waste Management Inc. | 0.37% | 106,347 | $22.7M | Reduce -0.1% |
| TPL Texas Pacific Land Corp. | 0.37% | 30,785 | $22.6M | Reduce -18.5% |
| ORCL Oracle Corp. | 0.37% | 158,213 | $22.3M | Add +9.6% |
| ROST Ross Stores Inc. | 0.36% | 150,694 | $21.9M | Reduce -14.7% |
| ADP Automatic Data Processing | 0.35% | 88,175 | $21.0M | Reduce -11.2% |
| CARR Carrier Global Corp. | 0.35% | 332,300 | $21.0M | Reduce -0.3% |
| USB US Bancorp | 0.34% | 519,512 | $20.6M | Reduce -23.7% |
| XOM Exxon Mobil Corp. | 0.33% | 175,319 | $20.2M | Reduce -18.1% |
| XLC SS Comm Select Sector SPDR | 0.33% | 234,063 | $20.0M | Reduce -0.9% |
| ROK Rockwell Automation Inc. | 0.33% | 71,830 | $19.8M | Reduce -10.2% |
| ON On Semiconductor | 0.33% | 287,631 | $19.7M | Add +43.2% |
| SYY Sysco Corp. | 0.32% | 273,816 | $19.5M | Add +17.0% |
| SDGR Schrodinger Inc. | 0.32% | 993,395 | $19.2M | Add +10.4% |
| STZ Constellation Brands Inc. Class A | 0.31% | 73,444 | $18.9M | Add +3.6% |
| LLY Eli Lilly & Co. | 0.30% | 20,173 | $18.3M | Reduce -2.1% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 410,744 | $18.0M | Reduce -2.7% |
| SWN Southwestern Energy Co. | 0.29% | 2,648,820 | $17.8M | Add +17.6% |
| LOW Lowe's Cos Inc. | 0.29% | 78,697 | $17.3M | Reduce -0.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.29% | 367,313 | $17.3M | Reduce -17.0% |
| DGX Quest Diagnostics Inc. | 0.28% | 125,754 | $17.2M | Reduce -0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 432,300 | $17.2M | Reduce -65.5% |
| GDX Vaneck Gold Miners ETF | 0.28% | 499,632 | $17.0M | Reduce -0.6% |
| XLF SS Financial Select Sector | 0.28% | 407,125 | $16.7M | Reduce -2.1% |
| FNV Franco-Nevada Corp. | 0.27% | 140,523 | $16.7M | Reduce -1.0% |
| KO The Coca-Cola Co. | 0.27% | 257,343 | $16.4M | Reduce -7.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.27% | 42,487 | $16.3M | Reduce -1.7% |
| DUK Duke Energy Corp. | 0.27% | 160,760 | $16.1M | Reduce -0.7% |
Options reported separately and not counted above: KO puts ($191K).
Portfolio Sells Q1 2024 → Q2 2024
| BAC Bank of America Corp. | Reduce -65.5% | 0.28% | −0.49 |
| SCHW Schwab (charles) Corp. | Reduce -32.7% | 0.84% | −0.37 |
| BA The Boeing Co. | Reduce -98.1% | 0.01% | −0.32 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.27 |
| DIS The Walt Disney Co. | Reduce -9.1% | 0.72% | −0.25 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -84.0% | 0.04% | −0.20 |
| MRK Merck & Co. Inc. | Reduce -6.5% | 1.51% | −0.19 |
| DE Deere & Co. | Reduce -9.8% | 0.93% | −0.19 |
| WY Weyerhaeuser Co. | Reduce -0.9% | 0.67% | −0.18 |
| USB US Bancorp | Reduce -23.7% | 0.34% | −0.16 |
| CAT Caterpillar Inc. | Reduce -8.7% | 0.76% | −0.15 |
| PCAR Paccar Inc. | Reduce -5.8% | 0.54% | −0.14 |
| ADSK Autodesk Inc. | Reduce -47.4% | 0.14% | −0.14 |
| MCD McDonald's Corp. | Reduce -7.7% | 0.61% | −0.11 |
| SLB SLB Ltd. | Reduce -17.0% | 0.29% | −0.11 |
| MPC Marathon Petroleum Corp. | Reduce -26.7% | 0.19% | −0.11 |
| HAL Halliburton Co. | Reduce -22.4% | 0.19% | −0.09 |
| IAU iShares Gold Trust | Reduce -10.0% | 1.49% | −0.08 |
| CVX Chevron Corp. | Reduce -11.3% | 0.60% | −0.07 |
| AVNT Avient Corp. | Sold out | 0.00% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -18.1% | 0.33% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 1.54% | −0.07 |
| RTX RTX Corp. | Reduce -16.1% | 0.48% | −0.07 |
| MITK Mitek Systems Inc. | Reduce -45.6% | 0.05% | −0.07 |
| PFE Pfizer Inc. | Reduce -11.4% | 0.62% | −0.07 |
| VFC VF Corp. | Sold out | 0.00% | −0.06 |
| ROST Ross Stores Inc. | Reduce -14.7% | 0.36% | −0.06 |
| GEHC GE Healthcare Technology | Reduce -0.4% | 0.39% | −0.06 |
| JNJ Johnson & Johnson | Reduce -0.4% | 0.80% | −0.06 |
| ADP Automatic Data Processing | Reduce -11.2% | 0.35% | −0.06 |
| ROK Rockwell Automation Inc. | Reduce -10.2% | 0.33% | −0.05 |
| PH Parker Hannifin Corp. | Reduce 0.0% | 0.61% | −0.05 |
| F Ford Motor Co. | Reduce -39.7% | 0.07% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -7.4% | 0.96% | −0.05 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Reduce -73.2% | 0.02% | −0.05 |
| CCRN Cross Country Healthcare Inc. | Sold out | 0.00% | −0.05 |
| OXY Occidental Petroleum Corp. | Reduce -8.7% | 0.41% | −0.05 |
| PEP Pepsico Inc. | Reduce -0.7% | 0.80% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 0.29% | −0.04 |
| DOW Dow Inc. | Reduce -55.3% | 0.03% | −0.04 |
| AFL Aflac Inc. | Reduce -18.5% | 0.24% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -0.4% | 0.46% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.4% | 0.69% | −0.04 |
| MRVL Marvell Technology Inc. | Reduce -6.2% | 0.50% | −0.04 |
| MLM Martin Marietta Materials | Reduce -1.1% | 0.26% | −0.03 |
| SOUN Soundhound AI Inc. Class A | Reduce -6.2% | 0.06% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -17.6% | 0.10% | −0.03 |
| INTC Intel Corp. | Reduce -1.5% | 0.07% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -1.6% | 0.26% | −0.03 |
| DCI Donaldson Co. Inc. | Reduce -37.1% | 0.04% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| BIIB Biogen Inc. | Add +376.2% | 0.84% | +0.68 |
| APO Apollo Global Management Inc. | Add +160.5% | 0.66% | +0.42 |
| CRM Salesforce Inc. | Add +81.4% | 0.88% | +0.32 |
| ADBE Adobe Inc. | Add +2.1% | 1.18% | +0.14 |
| APD Air Products & Chemicals Inc. | Add +7.6% | 1.03% | +0.14 |
| FCX Freeport-McMoran Inc. | Add +19.4% | 0.61% | +0.12 |
| ABBV Abbvie Inc. | Add +18.4% | 0.89% | +0.10 |
| SNPS Synopsys Inc. | Add +464.6% | 0.12% | +0.10 |
| ON On Semiconductor | Add +43.2% | 0.33% | +0.08 |
| ORCL Oracle Corp. | Add +9.6% | 0.37% | +0.07 |
| HSY The Hershey Co. | Add +1451.3% | 0.08% | +0.07 |
| FTV Fortive Corp. | New | 0.07% | +0.07 |
| IONS Ionis Pharmaceuticals Inc. | Add +41.2% | 0.18% | +0.06 |
| RVTY Revvity Inc. | Add +78.3% | 0.14% | +0.06 |
| HON Honeywell International Inc. | Add +5.3% | 0.65% | +0.06 |
| TRMB Trimble Inc. | New | 0.06% | +0.06 |
| ABT Abbott Laboratories | Add +24.1% | 0.42% | +0.05 |
| UL Unilever PLC | Add +0.2% | 0.54% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +900.0% | 0.05% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +273.9% | 0.05% | +0.04 |
| CEG Constellation Energy | New | 0.04% | +0.04 |
| ENSG The Ensign Group Inc. | Add +52.8% | 0.11% | +0.04 |
| MSCI MSCI Inc. | New | 0.04% | +0.04 |
| SONY Sony Group Corp. - SP ADR | Add +21.3% | 0.21% | +0.04 |
| RKLB Rocket Lab USA Inc. | Add +21.4% | 0.12% | +0.04 |
| UNP Union Pacific Corp. | Add +30.9% | 0.19% | +0.03 |
| CXT Crane NXT Co. | Add +47.3% | 0.08% | +0.03 |
| LIN Linde PLC | Add +28.8% | 0.14% | +0.03 |
| NVS Novartis AG-Sponsored ADR | Add +1.6% | 0.19% | +0.02 |
| XPO Xpo Inc. | Add +25.8% | 0.22% | +0.02 |
| CNXC Concentrix Corp. | New | 0.02% | +0.02 |
| JEF Jefferies Financial Group Inc. | Add +24.8% | 0.06% | +0.02 |
| NTR Nutrien Ltd. | Add +9.9% | 0.48% | +0.02 |
| T AT&T Inc. | Add +73.3% | 0.04% | +0.02 |
| GLW Corning Inc. | Add +0.9% | 0.11% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +4.0% | 0.18% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +100.3% | 0.03% | +0.02 |
| SWN Southwestern Energy Co. | Add +17.6% | 0.29% | +0.02 |
| CLX Clorox Company | New | 0.01% | +0.01 |
| WNS WNS Holdings Ltd. | Add +35.9% | 0.05% | +0.01 |
| UPS United Parcel Service Class B | Add +34.5% | 0.07% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.01% | +0.01 |
| SYY Sysco Corp. | Add +17.0% | 0.32% | +0.01 |
| PHIN Phinia Inc. | New | 0.01% | +0.01 |
| EDEN iShares MSCI Denmark ETF | New | 0.01% | +0.01 |
| KMB Kimberly-Clark Corp. | Add +0.9% | 0.12% | +0.01 |
| DH Definitive Healthcare Corp. | New | 0.01% | +0.01 |
| NOW ServiceNow Inc. | Add +0.3% | 0.19% | +0.01 |
| INTU Intuit Inc. | Add +2.7% | 0.17% | +0.01 |
| VZ Verizon Communications Inc. | Add +4.5% | 0.22% | +0.01 |
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 |