Tocqueville Asset Management Portfolio holdings

Tocqueville Asset Management's Q4 2016 Portfolio in Review

As of Q4 2016, Tocqueville Asset Management held 911 positions worth $7.82B, down 6.1% from $8.33B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Tocqueville Asset Management withdrew a net $312M in Q4 2016, closing 98 positions and reducing 370 holdings. Its most notable exit was Xerox, an estimated $25.6M position sold in full.

By sector, the portfolio is most concentrated in Materials at 17% of assets, down from 19% a quarter earlier, followed by Miscellaneous and Industrials.

Against the trend, Tocqueville Asset Management opened a new position in Howmet Aerospace worth $19.3M.

• Tocqueville Asset Management's largest Q4 2016 buy was Howmet Aerospace: 1,357,386 shares worth $19.3M.
• Tocqueville Asset Management added most to Bank of America in Q4 2016, an estimated $31.5M increase.
• Tocqueville Asset Management's biggest Q4 2016 reduction was Express Scripts Holding Company, cutting an estimated $36.8M.
• Tocqueville Asset Management fully exited Xerox in Q4 2016, selling an estimated $25.6M.
• Tocqueville Asset Management's ten largest holdings make up 15% of its $7.82B portfolio in Q4 2016.
• Tocqueville Asset Management opened 73 new positions and closed 98 in Q4 2016.
• Tocqueville Asset Management's portfolio value fell 6.1% quarter-over-quarter to $7.82B.

Based on Tocqueville Asset Management's 13F filing for Q4 2016, filed 30 Jan 2017.