Tocqueville Asset Management L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Tocqueville Asset Management L.P. reported 526 stock positions worth $6.4 billion. Its top holding was Home Depot (HD) at 6.0% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Nvidia (NVDA, 3.3%). Compared with Q2 2024, it opened 29 new positions, sold out of 28, added to 129 and reduced 256. The biggest buy was Freeport-McMoran (FCX, shares +93%) and the biggest sale Schwab (charles) (SCHW, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000883961
- Portfolio Value
- $6.4B (Q3 2024)
- SEC Filing
- 0000919574-24-006247 ↗ filed Nov 8, 2024
Holdings Value
Holdings 526 stocks · $6.4B
| HD Home Depot Inc. | 6.00% | 942,322 | $381.8M | Reduce -0.2% |
| MSFT Microsoft Corp. | 3.65% | 540,696 | $232.7M | Reduce -1.4% |
| NVDA Nvidia Corp. | 3.25% | 1,704,146 | $207.0M | Reduce -4.9% |
| AAPL Apple Inc. | 3.08% | 841,393 | $196.0M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 2.36% | 807,403 | $150.4M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 2.16% | 830,809 | $137.8M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 1.83% | 698,093 | $116.7M | Reduce -1.5% |
| NEE Nextera Energy Inc. | 1.83% | 1,375,007 | $116.2M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.65% | 228,850 | $105.3M | Reduce -0.5% |
| IAU iShares Gold Trust | 1.58% | 2,023,770 | $100.6M | Reduce -1.3% |
| QCOM Qualcomm Inc. | 1.56% | 583,147 | $99.2M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 1.41% | 789,647 | $89.7M | Add +7.1% |
| RSG Republic Services Inc. | 1.22% | 387,272 | $77.8M | Reduce -1.5% |
| FCX Freeport-McMoran Inc. | 1.16% | 1,481,142 | $73.9M | Add +93.4% |
| APD Air Products & Chemicals Inc. | 1.14% | 244,674 | $72.8M | Add +1.0% |
| AMAT Applied Materials Inc. | 1.07% | 337,822 | $68.3M | Add +0.0% |
| ADBE Adobe Inc. | 1.03% | 126,759 | $65.6M | Reduce -1.4% |
| CL Colgate-Palmolive Co. | 0.99% | 604,469 | $62.7M | Reduce -3.2% |
| ABBV Abbvie Inc. | 0.96% | 310,430 | $61.3M | Reduce -1.8% |
| PG The Procter & Gamble Co. | 0.95% | 350,692 | $60.7M | Reduce -0.7% |
| APO Apollo Global Management Inc. | 0.95% | 485,822 | $60.7M | Add +44.3% |
| JPM JPMorgan Chase & Co. | 0.92% | 279,076 | $58.8M | Reduce -0.6% |
| DE Deere & Co. | 0.92% | 140,888 | $58.8M | Reduce -6.3% |
| CRM Salesforce Inc. | 0.91% | 212,602 | $58.2M | Add +2.1% |
| CAT Caterpillar Inc. | 0.85% | 138,182 | $54.0M | Reduce -0.5% |
| JNJ Johnson & Johnson | 0.84% | 328,203 | $53.2M | Reduce -0.8% |
| PGR Progressive Corp. | 0.82% | 205,777 | $52.2M | Add +0.6% |
| WMT Walmart Inc. | 0.79% | 626,213 | $50.6M | Reduce -3.2% |
| PEP Pepsico Inc. | 0.78% | 292,986 | $49.8M | Reduce -0.6% |
| WY Weyerhaeuser Co. | 0.77% | 1,453,978 | $49.2M | Add +2.4% |
| NEM Newmont Corp. | 0.76% | 908,991 | $48.6M | Reduce -7.6% |
| BIIB Biogen Inc. | 0.75% | 247,535 | $48.0M | Add +12.5% |
| CCJ Cameco Corp. | 0.73% | 972,031 | $46.4M | Add +3.7% |
| PH Parker Hannifin Corp. | 0.72% | 72,533 | $45.8M | Reduce -0.1% |
| FDX FedEx Corp. | 0.70% | 163,350 | $44.7M | Reduce -8.1% |
| TMO Thermo Fisher Scientific Inc. | 0.70% | 72,130 | $44.6M | Reduce -4.9% |
| LMT Lockheed Martin Corp. | 0.70% | 75,943 | $44.4M | Add +0.7% |
| MCD McDonald's Corp. | 0.69% | 143,475 | $43.7M | Reduce -1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.66% | 438,513 | $42.2M | Reduce -0.4% |
| BSX Boston Scientific Corp. | 0.66% | 502,358 | $42.1M | Add +0.2% |
| WPM Wheaton Precious Metals Corp. | 0.65% | 680,524 | $41.6M | Add +1.6% |
| META Meta Platforms Inc. Class A | 0.65% | 72,159 | $41.3M | Add +1.8% |
| PANW Palo Alto Networks Inc. | 0.64% | 119,591 | $40.9M | Add +2.4% |
| PFE Pfizer Inc. | 0.63% | 1,377,425 | $39.9M | Add +2.6% |
| BKNG Booking Holdings Inc. | 0.62% | 9,410 | $39.6M | Add +0.0% |
| FANG Diamondback Energy Inc. | 0.62% | 227,412 | $39.2M | Reduce -0.9% |
| UL Unilever PLC | 0.61% | 601,650 | $39.1M | Add +0.6% |
| XLE SS Energy Select Sector | 0.59% | 428,273 | $37.6M | Reduce -0.3% |
| HON Honeywell International Inc. | 0.59% | 181,269 | $37.5M | Reduce -1.0% |
| CB Chubb Ltd. | 0.56% | 123,461 | $35.6M | Add +1.7% |
| FLEX Flex Ltd. | 0.55% | 1,049,232 | $35.1M | Add +5.5% |
| RTX RTX Corp. | 0.54% | 285,555 | $34.6M | Reduce -0.6% |
| CVX Chevron Corp. | 0.53% | 227,954 | $33.6M | Reduce -1.3% |
| XLK SS Technology Select Sector | 0.50% | 139,640 | $31.5M | Add +0.0% |
| MA Mastercard Inc. Class A | 0.49% | 63,026 | $31.1M | Reduce -0.3% |
| CMG Chipotle Mexican Grill Inc. | 0.49% | 539,005 | $31.1M | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.49% | 580,932 | $30.9M | Reduce -0.4% |
| VMC Vulcan Materials Co. | 0.48% | 123,167 | $30.8M | Reduce -0.5% |
| BDX Becton Dickinson and Co. | 0.48% | 127,065 | $30.6M | Reduce -2.5% |
| EMR Emerson Electric Co. | 0.48% | 278,871 | $30.5M | Add +0.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.47% | 169,130 | $30.1M | Add +2.2% |
| TPL Texas Pacific Land Corp. | 0.47% | 33,741 | $29.9M | Add +9.6% |
| NTR Nutrien Ltd. | 0.47% | 619,478 | $29.8M | Add +8.8% |
| PCAR Paccar Inc. | 0.45% | 291,910 | $28.8M | Reduce -8.1% |
| GEHC GE Healthcare Technology | 0.45% | 305,962 | $28.7M | Add +1.9% |
| ICE Intercontinental Exchange Inc. | 0.44% | 175,278 | $28.2M | Reduce -0.9% |
| AER Aercap Holdings NV | 0.44% | 296,915 | $28.1M | Reduce -0.7% |
| SCHW Schwab (charles) Corp. | 0.42% | 414,253 | $26.8M | Reduce -39.9% |
| ORCL Oracle Corp. | 0.42% | 156,483 | $26.7M | Reduce -1.1% |
| MRVL Marvell Technology Inc. | 0.41% | 361,081 | $26.0M | Reduce -17.5% |
| AVGO Broadcom Inc. | 0.40% | 148,774 | $25.7M | Reduce -2.9% |
| CARR Carrier Global Corp. | 0.39% | 310,290 | $25.0M | Reduce -6.6% |
| ADP Automatic Data Processing | 0.38% | 87,900 | $24.3M | Reduce -0.3% |
| USB US Bancorp | 0.38% | 531,212 | $24.3M | Add +2.3% |
| V Visa Inc. Class A | 0.38% | 88,176 | $24.2M | Reduce -1.3% |
| ON On Semiconductor | 0.37% | 325,659 | $23.6M | Add +13.2% |
| OXY Occidental Petroleum Corp. | 0.37% | 451,258 | $23.3M | Add +14.4% |
| NKE Nike Inc. Class B | 0.36% | 259,275 | $22.9M | Reduce -19.4% |
| ABT Abbott Laboratories | 0.35% | 195,895 | $22.3M | Reduce -20.8% |
| WM Waste Management Inc. | 0.34% | 105,282 | $21.9M | Reduce -1.0% |
| VRT Vertiv Holdings Co. Class A | 0.34% | 217,810 | $21.7M | Add +482.5% |
| SDGR Schrodinger Inc. | 0.34% | 1,157,150 | $21.5M | Add +16.5% |
| LOW Lowe's Cos Inc. | 0.33% | 78,621 | $21.3M | Reduce -0.1% |
| XLC SS Comm Select Sector SPDR | 0.33% | 234,028 | $21.2M | Reduce -0.0% |
| XOM Exxon Mobil Corp. | 0.32% | 171,367 | $20.1M | Reduce -2.3% |
| GDX Vaneck Gold Miners ETF | 0.31% | 499,543 | $19.9M | Reduce -0.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.31% | 468,747 | $19.7M | Add +27.6% |
| FNV Franco-Nevada Corp. | 0.31% | 157,523 | $19.6M | Add +12.1% |
| VWO Vanguard Ftse Emerging Marke | 0.31% | 406,126 | $19.4M | Reduce -1.1% |
| DGX Quest Diagnostics Inc. | 0.30% | 124,894 | $19.4M | Reduce -0.7% |
| ROK Rockwell Automation Inc. | 0.30% | 71,930 | $19.3M | Add +0.1% |
| STZ Constellation Brands Inc. Class A | 0.30% | 73,157 | $18.9M | Reduce -0.4% |
| SWN Southwestern Energy Co. | 0.30% | 2,642,040 | $18.8M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 467,049 | $18.5M | Add +8.0% |
| DUK Duke Energy Corp. | 0.29% | 160,434 | $18.5M | Reduce -0.2% |
| XLF SS Financial Select Sector | 0.29% | 407,125 | $18.5M | No change |
| LLY Eli Lilly & Co. | 0.28% | 20,048 | $17.8M | Reduce -0.6% |
| KO The Coca-Cola Co. | 0.27% | 242,914 | $17.5M | Reduce -5.6% |
| MDT Medtronic PLC | 0.27% | 191,951 | $17.3M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 29,736 | $17.1M | Add +5.8% |
Options reported separately and not counted above: PEP puts ($510K), KO puts ($216K).
Portfolio Sells Q2 2024 → Q3 2024
| SCHW Schwab (charles) Corp. | Reduce -39.9% | 0.42% | −0.42 |
| NVDA Nvidia Corp. | Reduce -4.9% | 3.25% | −0.40 |
| MSFT Microsoft Corp. | Reduce -1.4% | 3.65% | −0.39 |
| GOOGL Alphabet Inc. Class A | Reduce -1.3% | 2.16% | −0.37 |
| QCOM Qualcomm Inc. | Reduce -0.1% | 1.56% | −0.36 |
| GOOG Alphabet Inc. Class C | Reduce -1.5% | 1.83% | −0.31 |
| ROST Ross Stores Inc. | Reduce -79.7% | 0.07% | −0.29 |
| AMZN Amazon.com Inc. | Reduce -1.3% | 2.36% | −0.25 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.18 |
| FDX FedEx Corp. | Reduce -8.1% | 0.70% | −0.18 |
| HAL Halliburton Co. | Reduce -72.4% | 0.04% | −0.15 |
| ADBE Adobe Inc. | Reduce -1.4% | 1.03% | −0.15 |
| FANG Diamondback Energy Inc. | Reduce -0.9% | 0.62% | −0.14 |
| OEC Orion SA | Reduce -58.2% | 0.06% | −0.12 |
| APA Apa Corp. | Sold out | 0.00% | −0.11 |
| SYY Sysco Corp. | Reduce -36.4% | 0.21% | −0.11 |
| MRVL Marvell Technology Inc. | Reduce -17.5% | 0.41% | −0.10 |
| PCAR Paccar Inc. | Reduce -8.1% | 0.45% | −0.09 |
| ABT Abbott Laboratories | Reduce -20.8% | 0.35% | −0.07 |
| CARS Cars.com Inc. | Reduce -11.6% | 0.18% | −0.07 |
| CVX Chevron Corp. | Reduce -1.3% | 0.53% | −0.07 |
| INTC Intel Corp. | Reduce -80.8% | 0.01% | −0.06 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.06 |
| DIS The Walt Disney Co. | Reduce -0.4% | 0.66% | −0.06 |
| HON Honeywell International Inc. | Reduce -1.0% | 0.59% | −0.06 |
| XLE SS Energy Select Sector | Reduce -0.3% | 0.59% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.2% | 0.17% | −0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -2.2% | 0.17% | −0.05 |
| CTLT Catalent Inc. | Reduce -93.4% | 0.00% | −0.05 |
| EW Edwards Lifesciences Corp. | Reduce -4.9% | 0.09% | −0.05 |
| WRK Westrock Co. | Sold out | 0.00% | −0.05 |
| LHX L3HARRIS Technologies Inc. | Reduce -26.1% | 0.13% | −0.05 |
| IBB iShares Biotechnology ETF | Sold out | 0.00% | −0.05 |
| AFL Aflac Inc. | Reduce -30.3% | 0.20% | −0.04 |
| NKE Nike Inc. Class B | Reduce -19.4% | 0.36% | −0.04 |
| RSG Republic Services Inc. | Reduce -1.5% | 1.22% | −0.04 |
| MU Micron Technology Inc. | Reduce -2.0% | 0.10% | −0.04 |
| SHEL Shell PLC-ADR | Reduce -2.3% | 0.20% | −0.03 |
| NVEI Nuvei Corp.-Subordinate VTG | Reduce -75.0% | 0.01% | −0.03 |
| XBI SS SPDR S&P Biotech ETF | Reduce -22.9% | 0.11% | −0.03 |
| WM Waste Management Inc. | Reduce -1.0% | 0.34% | −0.03 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.03 |
| F Ford Motor Co. | Reduce -29.9% | 0.04% | −0.03 |
| MITK Mitek Systems Inc. | Reduce -38.4% | 0.02% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -10.0% | 0.24% | −0.03 |
| INTU Intuit Inc. | Reduce -4.7% | 0.15% | −0.02 |
| MLM Martin Marietta Materials | Reduce -4.3% | 0.23% | −0.02 |
| VMC Vulcan Materials Co. | Reduce -0.5% | 0.48% | −0.02 |
| SNPS Synopsys Inc. | Reduce -1.1% | 0.09% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -0.6% | 0.28% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| FCX Freeport-McMoran Inc. | Add +93.4% | 1.16% | +0.55 |
| APO Apollo Global Management Inc. | Add +44.3% | 0.95% | +0.30 |
| VRT Vertiv Holdings Co. Class A | Add +482.5% | 0.34% | +0.29 |
| BLDR Builders Firstsource Inc. | Add +132.8% | 0.26% | +0.18 |
| TRMB Trimble Inc. | Add +223.1% | 0.20% | +0.14 |
| WFC Wells Fargo & Co. | Add +1136.2% | 0.13% | +0.12 |
| PGR Progressive Corp. | Add +0.6% | 0.82% | +0.12 |
| LMT Lockheed Martin Corp. | Add +0.7% | 0.70% | +0.12 |
| APD Air Products & Chemicals Inc. | Add +1.0% | 1.14% | +0.11 |
| WY Weyerhaeuser Co. | Add +2.4% | 0.77% | +0.11 |
| RVTY Revvity Inc. | Add +50.2% | 0.25% | +0.10 |
| TPL Texas Pacific Land Corp. | Add +9.6% | 0.47% | +0.10 |
| CNXC Concentrix Corp. | Add +597.3% | 0.10% | +0.09 |
| IONS Ionis Pharmaceuticals Inc. | Add +80.8% | 0.26% | +0.08 |
| WPM Wheaton Precious Metals Corp. | Add +1.6% | 0.65% | +0.07 |
| UL Unilever PLC | Add +0.6% | 0.61% | +0.07 |
| FLEX Flex Ltd. | Add +5.5% | 0.55% | +0.07 |
| GEHC GE Healthcare Technology | Add +1.9% | 0.45% | +0.07 |
| AZO AutoZone Inc. | Add +398.1% | 0.08% | +0.06 |
| MTB M & T Bank Corp. | Add +2.2% | 0.47% | +0.06 |
| META Meta Platforms Inc. Class A | Add +1.8% | 0.65% | +0.06 |
| LB Landbridge Co. LLC-A | New | 0.05% | +0.05 |
| CB Chubb Ltd. | Add +1.7% | 0.56% | +0.05 |
| ON On Semiconductor | Add +13.2% | 0.37% | +0.05 |
| PGNY Progyny Inc. | New | 0.05% | +0.05 |
| SW Smurfit Westrock PLC | New | 0.04% | +0.04 |
| USB US Bancorp | Add +2.3% | 0.38% | +0.04 |
| FBIN Fortune Brands Innovations I | New | 0.04% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +99.7% | 0.11% | +0.04 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +27.8% | 0.16% | +0.04 |
| LAMR Lamar Advertising Co. Class A | New | 0.03% | +0.03 |
| COP Conocophillips | Add +48.8% | 0.14% | +0.03 |
| FNV Franco-Nevada Corp. | Add +12.1% | 0.31% | +0.03 |
| KRE SS SPDR S&P Regional Bank | Add +8.1% | 0.20% | +0.03 |
| CRM Salesforce Inc. | Add +2.1% | 0.91% | +0.03 |
| UPS United Parcel Service Class B | Add +45.3% | 0.09% | +0.03 |
| RELY Remitly Global Inc. | New | 0.03% | +0.03 |
| GLW Corning Inc. | Add +11.1% | 0.13% | +0.03 |
| BSX Boston Scientific Corp. | Add +0.2% | 0.66% | +0.02 |
| VTRS Viatris Inc. | Add +33.9% | 0.08% | +0.02 |
| MDT Medtronic PLC | Add +0.7% | 0.27% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +7.8% | 0.07% | +0.02 |
| SLB SLB Ltd. | Add +27.6% | 0.31% | +0.02 |
| NXT Nextpower Inc. | Add +874.2% | 0.03% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +60.5% | 0.05% | +0.02 |
| SNN Smith & Nephew PLC -Spon ADR | Add +2.5% | 0.12% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +164.1% | 0.03% | +0.02 |
| SDGR Schrodinger Inc. | Add +16.5% | 0.34% | +0.02 |
| GLD SPDR Gold Shares | Add +0.7% | 0.26% | +0.02 |
| WCC Wesco International Inc. | New | 0.02% | +0.02 |
Options Activity Q2 2024 → Q3 2024
| PEP Pepsico Inc. | put | New | 3,000 | $510K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |