Tocqueville Asset Management Portfolio holdings

Tocqueville Asset Management's Q4 2013 Portfolio in Review

As of Q4 2013, Tocqueville Asset Management held 1,548 positions worth $7.44B, down 7.3% from $8.02B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Tocqueville Asset Management withdrew a net $1.35B in Q4 2013, closing 149 positions and reducing 350 holdings. Its most notable exit was Wheaton Precious Metals, an estimated $68.5M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Tocqueville Asset Management opened a new position in Jabil worth $23M.

• Tocqueville Asset Management's largest Q4 2013 buy was Jabil: 1,319,550 shares worth $23M.
• Tocqueville Asset Management added most to Home Depot in Q4 2013, an estimated $122M increase.
• Tocqueville Asset Management's biggest Q4 2013 reduction was People Inc, cutting an estimated $184M.
• Tocqueville Asset Management fully exited Wheaton Precious Metals in Q4 2013, selling an estimated $68.5M.
• Tocqueville Asset Management's ten largest holdings make up 14% of its $7.44B portfolio in Q4 2013.
• Tocqueville Asset Management opened 624 new positions and closed 149 in Q4 2013.
• Tocqueville Asset Management's portfolio value fell 7.3% quarter-over-quarter to $7.44B.

Based on Tocqueville Asset Management's 13F filing for Q4 2013, filed 30 Jan 2014.