Tocqueville Asset Management L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Tocqueville Asset Management L.P. reported 540 stock positions worth $6.7 billion. Its top holding was Home Depot (HD) at 4.1% of the portfolio, followed by Nvidia (NVDA, 3.0%) and Microsoft (MSFT, 2.6%). Compared with Q4 2025, it opened 23 new positions, sold out of 56, added to 162 and reduced 279. The biggest buy was Genuine Parts (GPC, shares +174%) and the biggest sale Alphabet Class C (GOOG, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000883961
- Portfolio Value
- $6.7B (Q1 2026)
- SEC Filing
- 0000919574-26-002885 ↗ filed May 12, 2026
Holdings Value
Holdings 540 stocks · $6.7B
| HD Home Depot Inc. | 4.14% | 847,854 | $278.9M | Reduce -0.8% |
| NVDA Nvidia Corp. | 3.03% | 1,172,617 | $204.5M | Reduce -1.5% |
| MSFT Microsoft Corp. | 2.58% | 470,285 | $174.1M | Add +6.3% |
| GOOGL Alphabet Inc. Class A | 2.49% | 583,652 | $167.8M | Reduce -6.1% |
| GOOG Alphabet Inc. Class C | 2.36% | 555,252 | $159.3M | Reduce -11.2% |
| AAPL Apple Inc. | 2.23% | 593,394 | $150.6M | Reduce -3.2% |
| IAU iShares Gold Trust | 2.14% | 1,635,839 | $144.2M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 2.02% | 655,327 | $136.5M | Reduce -1.2% |
| AMAT Applied Materials Inc. | 1.70% | 336,097 | $114.9M | Reduce -2.9% |
| NEE Nextera Energy Inc. | 1.60% | 1,162,536 | $108.0M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.42% | 199,258 | $95.5M | Reduce -4.0% |
| CCJ Cameco Corp. | 1.27% | 788,539 | $85.6M | Reduce -6.8% |
| GPC Genuine Parts Co. | 1.22% | 774,950 | $82.0M | Add +174.2% |
| RSG Republic Services Inc. | 1.15% | 353,043 | $77.3M | Reduce -0.3% |
| NEM Newmont Corp. | 1.13% | 703,617 | $76.2M | Reduce -1.9% |
| JPM JPMorgan Chase & Co. | 1.10% | 251,343 | $73.9M | Reduce -2.4% |
| ABBV Abbvie Inc. | 1.09% | 337,526 | $73.4M | Add +1.1% |
| VRT Vertiv Holdings Co. Class A | 1.08% | 291,400 | $73.0M | Reduce -13.8% |
| FDX FedEx Corp. | 1.07% | 201,851 | $71.9M | Reduce -22.0% |
| QCOM Qualcomm Inc. | 1.06% | 556,647 | $71.7M | Reduce -4.8% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.05% | 979,858 | $71.1M | Add +21.6% |
| JNJ Johnson & Johnson | 0.99% | 273,256 | $66.8M | Reduce -3.3% |
| FCX Freeport-McMoran Inc. | 0.93% | 1,066,526 | $62.7M | Reduce -18.4% |
| RKLB Rocket Lab Corp. | 0.89% | 933,300 | $59.9M | Reduce -7.5% |
| DE Deere & Co. | 0.88% | 105,456 | $59.4M | Reduce -0.3% |
| WPM Wheaton Precious Metals Corp. | 0.87% | 448,097 | $58.7M | Reduce -12.0% |
| CAT Caterpillar Inc. | 0.84% | 79,623 | $56.4M | Reduce -2.1% |
| MRK Merck & Co. Inc. | 0.80% | 446,512 | $53.7M | Reduce -9.3% |
| PH Parker Hannifin Corp. | 0.73% | 54,842 | $49.1M | Reduce -0.1% |
| MU Micron Technology Inc. | 0.73% | 144,819 | $48.9M | Reduce -18.2% |
| XLE SS Energy Select Sector | 0.70% | 773,725 | $47.4M | Reduce -0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.68% | 477,173 | $46.0M | Add +193.2% |
| CL Colgate-Palmolive Co. | 0.68% | 539,188 | $46.0M | Reduce -2.1% |
| CVX Chevron Corp. | 0.68% | 222,107 | $46.0M | Reduce -33.1% |
| PG The Procter & Gamble Co. | 0.68% | 315,544 | $45.6M | Reduce -0.7% |
| WMT Walmart Inc. | 0.66% | 357,250 | $44.4M | Reduce -4.8% |
| GDX Vaneck Gold Miners ETF | 0.64% | 472,952 | $43.4M | Reduce -1.6% |
| BSX Boston Scientific Corp. | 0.63% | 678,172 | $42.6M | Add +52.8% |
| META Meta Platforms Inc. Class A | 0.63% | 74,372 | $42.6M | Reduce -2.2% |
| SBUX Starbucks Corp. | 0.62% | 468,819 | $42.0M | Add +279.6% |
| HON Honeywell International Inc. | 0.62% | 185,447 | $41.9M | Add +1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.62% | 85,252 | $41.9M | Add +5.6% |
| C Citigroup Inc. | 0.62% | 366,101 | $41.5M | Reduce -2.0% |
| EXE Expand Energy Corp. | 0.61% | 374,522 | $41.1M | Add +559.4% |
| EMR Emerson Electric Co. | 0.58% | 297,318 | $39.0M | Reduce -1.0% |
| UBER Uber Technologies Inc. | 0.58% | 539,741 | $38.8M | Reduce -6.7% |
| GS Goldman Sachs Group Inc. | 0.57% | 45,814 | $38.8M | Add +0.4% |
| PANW Palo Alto Networks Inc. | 0.56% | 234,994 | $37.7M | Add +23.4% |
| CB Chubb Ltd. | 0.54% | 111,531 | $36.4M | Reduce -0.2% |
| TPL Texas Pacific Land Corp. | 0.54% | 76,172 | $36.1M | Reduce -8.9% |
| APD Air Products & Chemicals Inc. | 0.53% | 124,078 | $36.0M | Reduce -20.6% |
| BKNG Booking Holdings Inc. | 0.53% | 8,502 | $35.8M | Add +20.8% |
| UTHR United Therapeutics Corp. | 0.53% | 60,283 | $35.7M | Reduce -1.4% |
| FANG Diamondback Energy Inc. | 0.53% | 179,012 | $35.4M | Reduce -0.1% |
| RTX RTX Corp. | 0.52% | 181,654 | $35.0M | Reduce -3.6% |
| WY Weyerhaeuser Co. | 0.50% | 1,369,103 | $33.4M | Add +6.7% |
| T AT&T Inc. | 0.47% | 1,082,402 | $31.4M | Add +0.9% |
| TSN Tyson Foods Inc. Class A | 0.46% | 488,220 | $31.3M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.46% | 100,507 | $31.1M | Reduce -3.4% |
| MA Mastercard Inc. Class A | 0.44% | 60,026 | $30.0M | Reduce -2.8% |
| NFG National Fuel Gas Co. | 0.44% | 318,909 | $30.0M | Add +1.6% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.44% | 144,418 | $29.9M | Reduce -3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.44% | 45,785 | $29.8M | Reduce -0.6% |
| XLK SS Technology Select Sector | 0.44% | 223,507 | $29.7M | Reduce -1.9% |
| APO Apollo Global Management Inc. | 0.43% | 262,435 | $29.2M | Reduce -0.3% |
| AER Aercap Holdings NV | 0.43% | 210,495 | $28.9M | Reduce -1.3% |
| KVUE Kenvue Inc. | 0.41% | 1,615,352 | $27.8M | Reduce -6.5% |
| ICE Intercontinental Exchange Inc. | 0.41% | 175,948 | $27.7M | Add +2.7% |
| NFLX Netflix Inc. | 0.41% | 286,854 | $27.6M | Add +938.1% |
| UL Unilever PLC-Sponsored ADR | 0.40% | 469,819 | $26.8M | Reduce -1.6% |
| MRVL Marvell Technology Inc. | 0.39% | 267,907 | $26.5M | Reduce -0.7% |
| PGR Progressive Corp. | 0.39% | 132,487 | $26.3M | Add +0.7% |
| GLD SPDR Gold Shares | 0.39% | 60,752 | $26.1M | Reduce -1.8% |
| ALL Allstate Corp. | 0.38% | 123,491 | $25.6M | Reduce -0.8% |
| GEHC GE Healthcare Technology | 0.38% | 359,492 | $25.6M | Add +5.1% |
| MSI Motorola Solutions Inc. | 0.36% | 55,495 | $24.1M | Add +10.6% |
| GLW Corning Inc. | 0.35% | 175,034 | $23.8M | Reduce -1.6% |
| CMG Chipotle Mexican Grill Inc. | 0.35% | 743,208 | $23.8M | Add +28.0% |
| D Dominion Energy Inc. | 0.34% | 375,674 | $23.2M | Reduce -0.6% |
| BAX Baxter International Inc. | 0.34% | 1,365,928 | $22.9M | Add +257.4% |
| UNH Unitedhealth Group Inc. | 0.34% | 84,224 | $22.8M | Reduce -2.7% |
| CSCO Cisco Systems Inc. | 0.34% | 293,097 | $22.7M | Reduce -9.0% |
| LLY Eli Lilly & Co. | 0.34% | 24,580 | $22.6M | Reduce -1.4% |
| MUR Murphy Oil Corp. | 0.33% | 546,813 | $22.6M | Reduce -5.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 460,933 | $22.5M | Reduce -3.7% |
| SWK Stanley Black & Decker Inc. | 0.33% | 314,226 | $22.3M | Add +16.4% |
| CVS CVS Health Corp. | 0.32% | 302,814 | $21.7M | Reduce -2.0% |
| ABT Abbott Laboratories | 0.32% | 210,484 | $21.6M | Add +1.0% |
| GPN Global Payments Inc. | 0.32% | 320,649 | $21.6M | Add +14.9% |
| SII Sprott Inc. | 0.32% | 150,643 | $21.5M | Reduce -0.5% |
| DGX Quest Diagnostics Inc. | 0.31% | 107,479 | $21.1M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 0.31% | 123,840 | $21.0M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 86,622 | $21.0M | Add +5.2% |
| VSH Vishay Intertechnology Inc. | 0.31% | 1,151,019 | $20.7M | Reduce -6.8% |
| AVAV Aerovironment Inc. | 0.30% | 111,285 | $20.4M | Add +26.9% |
| NTR Nutrien Ltd. | 0.30% | 269,316 | $20.3M | Reduce -26.8% |
| WM Waste Management Inc. | 0.29% | 85,743 | $19.7M | Reduce -1.0% |
| NUE Nucor Corp. | 0.29% | 115,775 | $19.6M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.28% | 374,545 | $18.8M | Reduce -1.1% |
| CACI Caci International Inc. Class A | 0.28% | 34,493 | $18.8M | Reduce -1.3% |
Options reported separately and not counted above: NVDA puts ($628K), KO puts ($304K), BRK.B puts ($240K), AAPL puts ($102K), MA puts ($100K), IONS calls ($75K), BBIO calls ($74K).
Portfolio Sells Q4 2025 → Q1 2026
| GOOG Alphabet Inc. Class C | Reduce -11.2% | 2.36% | −0.50 |
| QCOM Qualcomm Inc. | Reduce -4.8% | 1.06% | −0.40 |
| GOOGL Alphabet Inc. Class A | Reduce -6.1% | 2.49% | −0.35 |
| REGN Regeneron Pharmaceuticals | Reduce -66.3% | 0.18% | −0.35 |
| XLC SS Comm Select Sector SPDR | Reduce -98.5% | 0.00% | −0.31 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.22 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 2.02% | −0.21 |
| USB US Bancorp | Reduce -46.5% | 0.23% | −0.21 |
| NVDA Nvidia Corp. | Reduce -1.5% | 3.03% | −0.21 |
| AAPL Apple Inc. | Reduce -3.2% | 2.23% | −0.20 |
| HUM Humana Inc. | Reduce -39.7% | 0.11% | −0.16 |
| HD Home Depot Inc. | Reduce -0.8% | 4.14% | −0.16 |
| WFC Wells Fargo & Co. | Reduce -87.9% | 0.02% | −0.16 |
| OXY Occidental Petroleum Corp. | Reduce -91.2% | 0.02% | −0.14 |
| ADBE Adobe Inc. | Reduce -16.2% | 0.20% | −0.14 |
| RKLB Rocket Lab Corp. | Reduce -7.5% | 0.89% | −0.14 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.14 |
| ORCL Oracle Corp. | Reduce -26.4% | 0.17% | −0.13 |
| APO Apollo Global Management Inc. | Reduce -0.3% | 0.43% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -6.7% | 0.58% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -2.4% | 1.10% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.0% | 1.42% | −0.11 |
| DLTR Dollar Tree Inc. | Reduce -27.4% | 0.20% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -2.2% | 0.63% | −0.10 |
| CRM Salesforce Inc. | Reduce -24.5% | 0.11% | −0.09 |
| ROST Ross Stores Inc. | Reduce -52.7% | 0.13% | −0.09 |
| PEP Pepsico Inc. | Reduce -40.3% | 0.16% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -2.7% | 0.34% | −0.08 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.08 |
| ABM Abm Industries Inc. | Reduce -81.5% | 0.02% | −0.08 |
| MDT Medtronic PLC | Reduce -18.2% | 0.22% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -2.8% | 0.44% | −0.07 |
| SHOP Shopify Inc. Class A | Reduce -1.3% | 0.19% | −0.07 |
| ADP Automatic Data Processing | Reduce -0.5% | 0.26% | −0.07 |
| AVGO Broadcom Inc. | Reduce -3.4% | 0.46% | −0.06 |
| UNP Union Pacific Corp. | Reduce -31.8% | 0.17% | −0.06 |
| VWO Vanguard Ftse Emerging Marke | Reduce -20.8% | 0.25% | −0.06 |
| UL Unilever PLC-Sponsored ADR | Reduce -1.6% | 0.40% | −0.06 |
| XLF SS Financial Select Sector | Reduce -13.9% | 0.22% | −0.06 |
| CVX Chevron Corp. | Reduce -33.1% | 0.68% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -1.4% | 0.34% | −0.06 |
| CXT Crane NXT Co. | Sold out | 0.00% | −0.05 |
| BAC Bank of America Corp. | Reduce -3.7% | 0.33% | −0.05 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.05 |
| XLV SS Health Care Select Sector | Reduce -26.8% | 0.11% | −0.05 |
| ADSK Autodesk Inc. | Reduce -24.6% | 0.07% | −0.04 |
| AEM Agnico Eagle Mines Ltd. | Reduce -70.2% | 0.02% | −0.04 |
| COO The Cooper Cos Inc. | Reduce -18.2% | 0.11% | −0.04 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.04 |
| FCX Freeport-McMoran Inc. | Reduce -18.4% | 0.93% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| GPC Genuine Parts Co. | Add +174.2% | 1.22% | +0.71 |
| EXE Expand Energy Corp. | Add +559.4% | 0.61% | +0.52 |
| SBUX Starbucks Corp. | Add +279.6% | 0.62% | +0.47 |
| DIS The Walt Disney Co. | Add +193.2% | 0.68% | +0.41 |
| NFLX Netflix Inc. | Add +938.1% | 0.41% | +0.37 |
| IFF Intl Flavors & Fragrances | Add +21.6% | 1.05% | +0.26 |
| SLB SLB Ltd. | Add +645.1% | 0.28% | +0.25 |
| BAX Baxter International Inc. | Add +257.4% | 0.34% | +0.23 |
| SPGI S&P Global Inc. | Add +233.1% | 0.25% | +0.16 |
| PAYX Paychex Inc. | Add +2762.6% | 0.16% | +0.16 |
| HON Honeywell International Inc. | Add +1.6% | 0.62% | +0.10 |
| WSM Williams-Sonoma Inc. | Add +57.9% | 0.22% | +0.09 |
| SNY Sanofi-ADR | Add +160.8% | 0.14% | +0.08 |
| NFG National Fuel Gas Co. | Add +1.6% | 0.44% | +0.08 |
| GEME Pacific Nos Geme Activeetf-U | New | 0.08% | +0.08 |
| T AT&T Inc. | Add +0.9% | 0.47% | +0.08 |
| MSI Motorola Solutions Inc. | Add +10.6% | 0.36% | +0.08 |
| COP Conocophillips | Add +35.1% | 0.11% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +579.1% | 0.06% | +0.05 |
| WY Weyerhaeuser Co. | Add +6.7% | 0.50% | +0.05 |
| MPC Marathon Petroleum Corp. | Add +2.6% | 0.14% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +41.5% | 0.19% | +0.05 |
| PANW Palo Alto Networks Inc. | Add +23.4% | 0.56% | +0.05 |
| CNH CNH Industrial NV | Add +254.5% | 0.06% | +0.04 |
| CMG Chipotle Mexican Grill Inc. | Add +28.0% | 0.35% | +0.04 |
| SWK Stanley Black & Decker Inc. | Add +16.4% | 0.33% | +0.04 |
| MIAX Miami International Holdings | Add +41.4% | 0.18% | +0.04 |
| ZD Ziff Davis Inc. | Add +12.2% | 0.14% | +0.04 |
| LIN Linde PLC | Add +5.2% | 0.16% | +0.03 |
| WAT Waters Corp. | New | 0.03% | +0.03 |
| TFC Truist Financial Corp. | Add +49.3% | 0.08% | +0.02 |
| TTE Totalenergies SE | Add +0.4% | 0.08% | +0.02 |
| TTGT Techtarget Inc. | New | 0.02% | +0.02 |
| DOC Healthpeak Properties Inc. | Add +59.8% | 0.06% | +0.02 |
| AMCR Amcor PLC | Add +62.3% | 0.06% | +0.02 |
| MSCI MSCI Inc. | Add +27.8% | 0.12% | +0.02 |
| CCC CCC Intelligent Solutions Ho | Add +2400.0% | 0.02% | +0.02 |
| DHR Danaher Corp. | Add +32.6% | 0.20% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.7% | 0.09% | +0.02 |
| NABL N-Able Inc. | New | 0.02% | +0.02 |
| UPS United Parcel Service Class B | Add +32.6% | 0.07% | +0.02 |
| ST Sensata Technologies Holdplc | Add +1.5% | 0.21% | +0.02 |
| KMI Kinder Morgan Inc. | Add +0.8% | 0.08% | +0.02 |
| LTC LTC Properties Inc. | Add +19.6% | 0.07% | +0.02 |
| WSO Watsco Inc. | New | 0.02% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +6.3% | 0.09% | +0.02 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +0.9% | 0.21% | +0.01 |
| FE Firstenergy Corp. | Add +0.8% | 0.10% | +0.01 |
| LH Labcorp Holdings Inc. | Add +2.1% | 0.15% | +0.01 |
| BSX Boston Scientific Corp. | Add +52.8% | 0.63% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| NVDA Nvidia Corp. | put | Reduce -77.6% | 3,600 | $628K |
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 |