SEC 13F Intelligence

Managers / Q4 2021 · view latest →

TOCQUEVILLE ASSET MANAGEMENT L.P.

CIK 0000883961 · 40 WEST 57TH STREET, 19TH FLOOR, NEW YORK, NY, 10019 · 212-698-0800

Reported Value
$7.3B
Q4 2021
Positions
738
Filings on Record
30
2019–present window
Filed
Feb 14, 2022
original filing

Summary

Tocqueville Asset Management L.P. reported $7.3B in U.S.-listed holdings across 738 positions for Q4 2021.

Its largest position, HD, represents 8.5% of the portfolio.

Compared with Q3 2021, the fund opened 60 new positions and exited 49.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+25.4%
share of reported value
Largest Position
+8.5%
Home Depot
New / Exited
60 / 49
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $6.7BQ4 ’18Q1 ’19: $7.5BQ2 ’19: $7.7BQ3 ’19: $7.4BQ4 ’19: $6.8BQ4 ’19Q1 ’20: $4.0BQ2 ’20: $4.8BQ3 ’20: $5.2BQ4 ’20: $6.0BQ4 ’20Q1 ’21: $6.5BQ2 ’21: $6.9BQ3 ’21: $6.8BQ4 ’21: $7.3BQ4 ’21Q1 ’22: $6.6BQ2 ’22: $5.5BQ3 ’22: $4.9BQ4 ’22: $5.3BQ4 ’22Q1 ’23: $5.3BQ2 ’23: $5.6BQ3 ’23: $5.3BQ4 ’23: $5.5BQ4 ’23Q1 ’24: $6.1BQ2 ’24: $6.1BQ3 ’24: $6.4BQ4 ’24: $6.4BQ4 ’24Q1 ’25: $6.1BQ2 ’25: $6.6BQ3 ’25: $6.9BQ4 ’25: $6.9BQ4 ’25Q1 ’26: $6.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 79.7%Other: 6.2%ETP: 5.4%ADR: 3.3%Open-End Fund: 2.3%Other: 3.2%
  • Common Stock · 79.7% · $5.8B
  • Other · 6.2% · $449M
  • ETP · 5.4% · $393M
  • ADR · 3.3% · $238M
  • Open-End Fund · 2.3% · $164M
  • Other · 3.2% · $231M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
InditexNEW+296.9K296.9K+$10M$10M
CLARIVATE PLCNEW+381.2K381.2K+$9M$9M
ATVIEURACTIVISION BLIZZARD INCNEW+127.9K127.9K+$9M$9M
SDGRSCHRODINGER INCNEW+131.0K131.0K+$5M$5M
CONVEY HEALTH SOLUTIONS HLDGNEW+483.5K483.5K+$4M$4M
VDCVANGUARD WORLD FDSNEW+19.3K19.3K+$4M$4M
SVB Financial GroupNEW+3.67M3.67M+$4M$4M
AMCOR PLCNEW+295.4K295.4K+$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HDHOME DEPOT INChistory →COM8.49%$617M1.49M
2GOOGLALPHABET INChistory →CAP STK CL A · CAP STK CL C3.29%$239M82.5K
3MSFTMICROSOFT CORPhistory →COM3.00%$218M648.5K
4AAPLAPPLE INChistory →COM2.71%$197M1.11M
5AMZNAMAZON COM INChistory →COM2.04%$148M44.4K
6NVDANVIDIA CORPORATIONhistory →COM1.82%$132M448.8K
7EBAEBAY INC.history →COM1.62%$118M1.77M
8NEENEXTERA ENERGY INChistory →COM1.24%$90M964.5K
9TOCQXThe Tocqueville Fundhistory →COM1.23%$90M1.93M
10SCHWSCHWAB CHARLES CORPhistory →COM1.17%$85M1.01M
11PFEPFIZER INChistory →COM1.04%$76M1.28M
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.03%$75M249.6K
13QCOMQUALCOMM INChistory →COM1.01%$74M402.0K
14DEDEERE & COhistory →COM0.96%$70M204.3K
15WYWEYERHAEUSER CO MTN BEhistory →COM NEW0.96%$70M1.70M
16MRKMERCK & CO INChistory →COM0.95%$69M902.6K
17JNJJOHNSON & JOHNSONhistory →COM0.91%$66M387.6K
18RSGREPUBLIC SVCS INChistory →COM0.91%$66M474.7K
19PGPROCTER AND GAMBLE COhistory →COM0.90%$66M400.8K
20DDOMINION ENERGY INChistory →COM0.88%$64M813.1K
21IAU*ISHARES GOLD TRhistory →ISHARES NEW0.88%$64M1.83M
22AMATAPPLIED MATLS INChistory →COM0.86%$63M397.7K
23BACBK OF AMERICA CORPhistory →COM0.84%$61M1.37M
24DWDPEURDUPONT DE NEMOURS INChistory →COM0.83%$61M750.9K
25DISDISNEY WALT COhistory →COM0.82%$60M386.9K
26PEPPEPSICO INChistory →COM0.80%$58M335.4K
27PYPLPAYPAL HLDGS INChistory →COM0.76%$55M294.1K
28ABTABBOTT LABShistory →COM0.75%$54M386.5K
29MCDMCDONALDS CORPhistory →COM0.72%$52M195.8K
30EXPEEXPEDIA GROUP INChistory →COM NEW0.71%$52M287.5K
31TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.69%$50M75.0K
32BACVERIZON COMMUNICATIONS INChistory →COM0.68%$50M955.5K
33CRMSALESFORCE COM INChistory →COM0.67%$48M190.8K
34FDXFEDEX CORPhistory →COM0.63%$46M177.9K
35ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.61%$44M78.2K
36CLCOLGATE PALMOLIVE COhistory →COM0.59%$43M505.2K
37NTRNUTRIEN LTDhistory →COM0.56%$41M542.7K
38BXPBOSTON PROPERTIES INChistory →COM0.53%$39M334.7K
39BABOEING COhistory →COM0.53%$38M191.2K
40PCARPACCAR INChistory →COM0.53%$38M435.0K
41ABBVABBVIE INChistory →COM0.53%$38M283.2K
42CATCATERPILLAR INChistory →COM0.52%$38M183.2K
43WMTWALMART INChistory →COM0.51%$37M258.2K
44KDPKEURIG DR PEPPER INChistory →COM0.48%$35M948.2K
45INTCINTEL CORPhistory →COM0.47%$34M657.9K
46CSCOCISCO SYS INChistory →COM0.45%$32M512.6K
47METAMETA PLATFORMS INChistory →CL A0.45%$32M96.6K
48BSXBOSTON SCIENTIFIC CORPhistory →COM0.43%$32M744.1K
49NEMNEWMONT CORPhistory →COM0.43%$31M503.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$6.7B547May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$6.9B580Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$6.9B548Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$6.6B535Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$6.1B513May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$6.4B538Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$6.4B528Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$6.1B526Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$6.1B535May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.5B517Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$5.3B513Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$5.6B533Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$5.3B527May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$5.3B574Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$4.9B594Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$5.5B661Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$6.6B706May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$7.3B738Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$6.8B727Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$6.9B736Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.5B717May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$6.0B704Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$5.2B648Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.8B652Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$4.0B638May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$6.8B732Jan 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$7.4B751Oct 31, 201913F-HRchanges · EDGAR ↗
Q2 2019$7.7B782Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$7.5B766Apr 30, 201913F-HRchanges · EDGAR ↗
Q4 2018$6.7B747Feb 8, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • TOCQUEVILLE TRUST028-10558

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.