1y return+23.9%S&P 500 +20.9%
3y return+64.3%S&P 500 +68.5%
5y return+60.4%S&P 500 +74.5%
10y return+188.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $288 against $357 in the S&P 500.2
Tocqueville Asset Management L.P.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| HDHome Depot Inc | $298.5M | 3.9% | |
| NVDANvidia Corporation | $232.4M | 3.1% | |
| AMATApplied Matls Inc | $218.4M | 2.9% | −10.1% |
| GOOGLAlphabet Inc | $205.5M | 2.7% | −1.5% |
| GOOGAlphabet Inc | $188.7M | 2.5% | −3.8% |
| MSFTMicrosoft Corp | $169.5M | 2.2% | −3.4% |
| AAPLApple Inc | $168.9M | 2.2% | −1.6% |
| AMZNAmazon Com Inc | $159.4M | 2.1% | +2.1% |
| IAUIshares Gold Tr | $117.2M | 1.5% | −5.1% |
| MUMicron Technology Inc | $106.5M | 1.4% | −36.3% |
| NEENextera Energy Inc | $99.4M | 1.3% | −2.6% |
| BRK/BBerkshire Hathaway Inc Del | $98.7M | 1.3% | −1.0% |
| VRTVertiv Holdings Co | $97.5M | 1.3% | |
| RKLBRocket Lab Corp | $85.2M | 1.1% | −10.2% |
| ABBVAbbvie Inc | $84.6M | 1.1% | |
| CATCaterpillar Inc | $84.4M | 1.1% | |
| GPCGenuine Parts Co | $81.7M | 1.1% | −10.6% |
| IFFInternational Flavors&fragra | $80.4M | 1.1% | +3.6% |
| QCOMQualcomm Inc | $80.3M | 1.1% | −21.9% |
| CCJCameco Corp | $79.6M | 1.1% | |
| JPMJpmorgan Chase & Co | $78.8M | 1.0% | −4.3% |
| MRVLMarvell Technology Inc | $77.2M | 1.0% | −3.3% |
| RSGRepublic Svcs Inc | $76.8M | 1.0% | +2.1% |
| PANWPalo Alto Networks Inc | $71.0M | 0.9% | −11.4% |
| FCXFreeport Mcmoran Inc | $70.7M | 0.9% | +5.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VRTVertiv Holdings Co | June 30, 2022 | +3973.3% | $97.5M |
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $232.4M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $218.4M |
| CCJCameco Corp | June 30, 2020 | +893.7% | $79.6M |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $71.0M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $84.4M |
| FCXFreeport Mcmoran Inc | June 30, 2020 | +443.6% | $70.7M |
| PHParker-hannifin Corp | June 30, 2020 | +433.7% | $53.7M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $205.5M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $188.7M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $41.9M
- Exxon Mobil CorpCUSIP 30231G102 was $21.0M
- CORCencora Inc was $9.6M
- SVALIshares Tr was $4.7M
- WATWaters Corp was $1.9M
- GTMZoominfo Technologies Inc was $1.4M
- XHBSpdr Series Trust was $1.2M
- CTRACoterra Energy Inc was $979K
- TFXTeleflex Incorporated was $944K
- ROPRoper Technologies Inc was $539K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.4% | +14.8% |
| March 31, 2026 | +0.0% | −4.6% |
| December 31, 2025 | +3.8% | +2.4% |
| September 30, 2025 | +8.1% | +7.8% |
| June 30, 2025 | +8.3% | +10.5% |
| March 31, 2025 | −3.3% | −4.6% |
| December 31, 2024 | +0.1% | +2.1% |
| September 30, 2024 | +5.3% | +5.4% |
| June 30, 2024 | +2.2% | +4.0% |
| March 31, 2024 | +9.8% | +10.0% |
| December 31, 2023 | +10.7% | +11.2% |
| September 30, 2023 | −3.4% | −3.6% |
| June 30, 2023 | +6.3% | +8.3% |
| March 31, 2023 | +3.7% | +7.0% |
| December 31, 2022 | +9.6% | +7.1% |
| September 30, 2022 | −5.2% | −5.3% |
| June 30, 2022 | −15.9% | −16.5% |
| March 31, 2022 | −5.7% | −4.9% |
| December 31, 2021 | +9.1% | +10.7% |
| September 30, 2021 | −1.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Tocqueville Asset Management L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=883961&type=13F-HR&dateb=&owner=include&count=40CIK 883961
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/883961/000091957426004901/Filed August 10, 2026 · accession 0000919574-26-004901