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Asset Manager ← All Institutions

TOCQUEVILLE ASSET MANAGEMENT L.P.

Q4 2025 · Filed 2026-02-12
Market Value
$6.8B
-0.5%
Holdings
590
+36
New Purchases
54
Added To
208
Closed
23
Reduced
209
Top 10 Concentration
26.3%
Turnover
13.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOG 2.88% 2.35% +0.53% $196M
IFF 0.80% 0.37% +0.43% $54M
KVUE 0.44% 0.06% +0.38% $30M
GOOGL 2.86% 2.51% +0.35% $195M
AMAT 1.31% 1.06% +0.25% $89M
FCX 0.98% 0.75% +0.23% $66M
SPY 0.46% 0.24% +0.22% $31M
FDX 1.10% 0.88% +0.22% $75M
GPC 0.51% 0.33% +0.18% $35M
RKLB 1.03% 0.85% +0.18% $70M
NEM 1.05% 0.89% +0.16% $72M
IAU 2.09% 1.94% +0.16% $142M
LLY 0.39% 0.27% +0.12% $27M
CAT 0.69% 0.57% +0.12% $47M
GEHC 0.41% 0.30% +0.11% $28M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HD 4.32% 5.23% -0.91% $294M
UL 0.00% 0.47% -0.47% $0
MSFT 3.14% 3.48% -0.33% $214M
CRWD 0.01% 0.30% -0.29% $620K
NVDA 3.26% 3.54% -0.28% $222M
APO 0.56% 0.83% -0.27% $38M
V 0.18% 0.43% -0.25% $12M
UBER 0.69% 0.93% -0.24% $47M
AMZN 2.25% 2.44% -0.19% $153M
COST 0.05% 0.23% -0.19% $3M
OXY 0.17% 0.35% -0.18% $12M
APD 0.57% 0.74% -0.17% $39M
AAPL 2.45% 2.61% -0.16% $167M
HON 0.52% 0.67% -0.15% $36M
ABC 0.15% 0.30% -0.14% $10M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 71 $2.9B 42.5%
Large Cap 360 $3.5B 51.2%
Mid Cap 89 $317M 4.7%
Small Cap 49 $86M 1.3%
Micro Cap 21 $25M 0.4%

Portfolio Analytics

Avg Market Cap
$139.0B
Median Market Cap
$31.2B
Avg P/E
33.5
Median P/E
23.5
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
477
# ETFs / Funds
113

Top Holdings (590 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HD 4.32% 854,549 $294M $344.10 -$64M -28,566 -3.2%
2 NVDA 3.26% 1,190,302 $222M $186.50 -$20M -108,411 -8.3%
3 MSFT 3.14% 442,485 $214M $483.62 -$24M -16,721 -3.6%
4 GOOG 2.88% 625,007 $196M $313.80 $35M -35,784 -5.4%
5 GOOGL 2.86% 621,427 $195M $313.00 $23M -83,289 -11.8%
6 AAPL 2.45% 612,988 $167M $271.86 -$12M -87,672 -12.5%
7 AMZN 2.25% 663,232 $153M $230.82 -$14M -96,955 -12.8%
8 IAU 2.09% 1,754,253 $142M $81.17 $10M -63,839 -3.5%
9 BRK-B 1.53% 207,630 $104M $502.65 -$8M -15,986 -7.2%
10 QCOM 1.47% 584,412 $100M $171.05 $3M +1,933 +0.3%
11 NEE 1.38% 1,172,550 $94M $80.28 $6M -282 -0.0%
12 AMAT 1.31% 346,012 $89M $256.99 $17M -6,723 -1.9%
13 JPM 1.22% 257,387 $83M $322.22 $147K -5,074 -1.9%
14 CCJ 1.14% 845,634 $77M $91.49 $6M -1,743 -0.2%
15 ABBV 1.12% 333,901 $76M $228.49 -$1M -1,330 -0.4%
16 RSG 1.10% 354,143 $75M $211.93 -$5M +4,196 +1.2%
17 FDX 1.10% 258,928 $75M $288.86 $15M +3,674 +1.4%
18 NEM 1.05% 717,134 $72M $99.85 $11M -6,639 -0.9%
19 RKLB 1.03% 1,008,850 $70M $69.76 $12M -210,790 -17.3%
20 FCX 0.98% 1,307,036 $66M $50.79 $15M +1,337 +0.1%
21 WPM 0.88% 509,095 $60M $117.52 $3M -2,369 -0.5%
22 JNJ 0.86% 282,575 $58M $206.95 $6M -762 -0.3%
23 VRT 0.81% 338,171 $55M $162.01 $3M -5,991 -1.7%
24 IFF 0.80% 805,812 $54M $67.39 $29M +396,828 +97.0%
25 MRK 0.76% 492,211 $52M $105.26 $6M -54,989 -10.1%
26 CVX 0.74% 332,006 $51M $152.41 -$4M -21,716 -6.1%
27 MU 0.74% 177,106 $51M $285.41 $5M -94,525 -34.8%
28 META 0.74% 76,062 $50M $660.09 -$5M +310 +0.4%
29 DE 0.72% 105,724 $49M $465.57 $835K -96 -0.1%
30 PH 0.71% 54,901 $48M $878.96 $7M +558 +1.0%
31 UBER 0.69% 578,566 $47M $81.71 -$17M -73,195 -11.2%
32 TMO 0.69% 80,731 $47M $579.45 $6M -4,314 -5.1%
33 CAT 0.69% 81,363 $47M $572.87 $8M +373 +0.5%
34 PG 0.67% 317,752 $46M $143.31 -$4M -7,097 -2.2%
35 C 0.64% 373,515 $44M $116.69 $5M -4,503 -1.2%
36 CL 0.64% 550,913 $44M $79.02 $898K +17,577 +3.3%
37 BSX 0.62% 443,728 $42M $95.35 -$1M -3,001 -0.7%
38 WMT 0.61% 375,068 $42M $111.41 $3M -2,981 -0.8%
39 GDX 0.61% 480,502 $41M $85.77 $3M -15,912 -3.2%
40 GS 0.59% 45,633 $40M $879.00 -$7M -12,962 -22.1%
41 EMR 0.59% 300,402 $40M $132.72 $570K +819 +0.3%
42 APD 0.57% 156,327 $39M $247.02 -$12M -28,748 -15.5%
43 APO 0.56% 263,262 $38M $144.76 -$19M -163,210 -38.3%
44 BKNG 0.55% 7,039 $38M $5,355.33 -$288K +4 +0.1%
45 REGN 0.53% 46,824 $36M $771.87 $6M -7,394 -13.6%
46 AVGO 0.53% 104,092 $36M $346.10 $476K -3,664 -3.4%
47 HON 0.52% 182,597 $36M $195.09 -$10M -35,903 -16.4%
48 MA 0.52% 61,770 $35M $570.88 $1M +1,621 +2.7%
49 PANW 0.52% 190,440 $35M $184.20 -$4M -3,779 -1.9%
50 CB 0.51% 111,766 $35M $312.12 $3M -371 -0.3%
51 GPC 0.51% 282,592 $35M $122.96 $12M +119,329 +73.1%
52 XLE 0.51% 775,630 $35M $44.71 $23K +387,730 +100.0%
53 RTX 0.51% 188,379 $35M $183.40 $2M -3,397 -1.8%
54 XLK 0.48% 227,784 $33M $143.97 $992K +114,954 +101.9%
55 SPY 0.46% 46,050 $31M $681.92 $15M +21,658 +88.8%
56 AER 0.45% 213,265 $31M $143.76 $4M -6,060 -2.8%
57 WY 0.45% 1,283,087 $30M $23.69 -$8M -280,031 -17.9%
58 USB 0.44% 566,418 $30M $53.36 $3M +8,232 +1.5%
59 MTB 0.44% 149,133 $30M $201.48 $838K +1,327 +0.9%
60 PGR 0.44% 131,594 $30M $227.72 -$2M +2,270 +1.8%
61 KVUE 0.44% 1,728,143 $30M $17.25 $26M +1,487,005 +616.7%
62 UTHR 0.44% 61,143 $30M $487.25 $4M -599 -1.0%
63 TSN 0.42% 488,647 $29M $58.62 $5M +55,095 +12.7%
64 UNH 0.42% 86,578 $29M $330.11 -$3M -6,160 -6.6%
65 GEHC 0.41% 342,176 $28M $82.02 $8M +68,636 +25.1%
66 ICE 0.41% 171,368 $28M $161.96 $3M +25,445 +17.4%
67 FANG 0.40% 179,117 $27M $150.33 -$80K -9,608 -5.1%
68 LLY 0.39% 24,924 $27M $1,074.68 $8M +526 +2.2%
69 T 0.39% 1,072,272 $27M $24.84 -$3M +18,471 +1.8%
70 BAC 0.39% 478,669 $26M $55.00 $2M +8,818 +1.9%
71 ABT 0.38% 208,402 $26M $125.29 -$2M -4,374 -2.1%
72 ALL 0.38% 124,518 $26M $208.15 -$1M -3,128 -2.5%
73 NFG 0.37% 313,791 $25M $80.06 -$852K +32,591 +11.6%
74 CSCO 0.36% 321,954 $25M $77.03 $876K -27,713 -7.9%
75 CVS 0.36% 309,147 $25M $79.36 $1M +1,986 +0.7%
76 GLD 0.36% 61,850 $25M $396.31 -$31K -7,193 -10.4%
77 IBM 0.36% 82,313 $24M $296.21 $978K -634 -0.8%
78 TPL 0.35% 83,643 $24M $287.22 -$2M +55,750 +199.9%
79 ADBE 0.34% 67,007 $23M $349.99 -$2M -4,403 -6.2%
80 MRVL 0.34% 269,727 $23M $84.98 -$305K -6,550 -2.4%
81 NTR 0.33% 367,723 $23M $61.72 $359K -12,739 -3.4%
82 ADP 0.33% 86,355 $22M $257.23 -$3M +743 +0.9%
83 D 0.33% 377,759 $22M $58.59 -$347K +10,258 +2.8%
84 XLC 0.32% 185,618 $22M $117.72 $31K +1,282 +0.7%
85 GPN 0.32% 279,152 $22M $77.40 $6M +92,247 +49.4%
86 VWO 0.32% 399,642 $21M $53.76 $205K +6,882 +1.8%
87 CMG 0.32% 580,614 $21M $37.00 -$1M +3,127 +0.5%
88 AVAV 0.31% 87,665 $21M $241.89 -$8M -3,880 -4.2%
89 DLTR 0.31% 171,014 $21M $123.01 $6M +13,327 +8.4%
90 ORCL 0.29% 102,936 $20M $194.91 -$10M -2,770 -2.6%
91 MDT 0.29% 208,788 $20M $96.06 -$1M -13,725 -6.2%
92 SWK 0.29% 269,912 $20M $74.28 $5M +70,941 +35.6%
93 NOW 0.29% 130,525 $20M $153.19 -$4M +104,175 +395.4%
94 AXP 0.29% 53,909 $20M $369.95 $2M -170 -0.3%
95 BLDR 0.29% 188,559 $19M $102.89 -$7M -26,231 -12.2%
96 VMC 0.28% 67,683 $19M $285.22 -$2M
97 MSI 0.28% 50,195 $19M $383.32 $5M +18,673 +59.2%
98 NUE 0.28% 117,617 $19M $163.11 $3M +574 +0.5%
99 WM 0.28% 86,599 $19M $219.71 -$306K -946 -1.1%
100 DGX 0.28% 109,219 $19M $173.53 -$2M -340 -0.3%

Options Breakdown

2 Calls $156K Call Value 6 Puts $4M Put Value 24.14 P/C Ratio

Top Calls

SymbolSharesValueStatus
IONS 1,000 $79K NEW
BBIO 1,000 $76K NEW

Top Puts

SymbolSharesValueStatus
NVDA 16,100 $3M
KO 4,000 $280K
BRK-B 500 $251K
MA 200 $114K
AAPL 400 $109K
SPY $0 SOLD

New Positions

SymbolValue% Port
BAX $7M 0.11%
SOLS $6M 0.09%
TOTB.DE $4M 0.06%
STZ $3M 0.05%
BCPC $3M 0.04%
PHR $2M 0.04%
QUAL $2M 0.04%
IJS $2M 0.03%
IWV $2M 0.03%
TFX $2M 0.03%
REET $2M 0.03%
XHB $2M 0.03%
MICC $1M 0.02%
USRT $1M 0.02%
IYT $1M 0.02%

Sold Out Positions

SymbolValue% Port
HPE —%
ZBH —%
SXC —%
BLK —%
LXP —%
DD —%
UL —%
RKT —%
AI —%
AZO —%
NRG —%
MOS —%
THC —%
TTE —%
MAGN —%
View SEC EDGAR Filings for TOCQUEVILLE ASSET MANAGEMENT L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms