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TAM
Tocqueville Asset Management Portfolio holdings
AUM
$7.56B
1-Year Est. Return
44.87%
This Fund
S&P 500
This Quarter
Est. Return
+8.86%
1 Year Est. Return
+44.87%
3 Year Est. Return
+121.98%
5 Year Est. Return
+153.06%
10 Year Est. Return
+501.33%
AUM
$6.8B
AUM Growth
-$570M
(-7.7%)
Cap. Flow
-$1.26B
Cap. Flow
% of AUM
-18.54%
Top 10 Holdings %
Top 10 Hldgs %
19.36%
Holding
815
New
67
Increased
151
Reduced
381
Closed
87
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gold Fields
GFI
|
+$31.8M |
| 2 |
Alibaba
BABA
|
+$25.2M |
| 3 |
iShares MSCI China ETF
MCHI
|
+$14.9M |
| 4 |
iShares Gold Trust
IAU
|
+$12.7M |
| 5 |
AT&T
T
|
+$10.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$75.7M |
| 2 |
Amazon
AMZN
|
+$75M |
| 3 |
Apple
AAPL
|
+$73.6M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$52.4M |
| 5 |
Meta Platforms (Facebook)
META
|
+$49.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 18.96% |
| 2 | Miscellaneous | 17.84% |
| 3 | Technology | 12.19% |
| 4 | Consumer Discretionary | 10.86% |
| 5 | Healthcare | 8.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
TSMC
TSM
$2.22T
| $15.2M | 0.22% |
261,281
+3,699
| +1% | +$196K |
|
|
MMX
102
DELISTED
Maverix Metals Inc. Common Shares
MMX
| $15M | 0.22% |
2,950,000
| – | – |
|
103
Air Products & Chemicals
APD
$68B
| $15M | 0.22% |
63,946
-5,445
| -8% | -$1.23M |
|
104
IBM
IBM
$224B
| $15M | 0.22% |
117,225
-53,602
| -31% | -$6.97M |
|
105
Visa
V
$711B
| $15M | 0.22% |
79,649
-203,455
| -72% | -$36.7M |
|
106
State Street Financial Select Sector SPDR ETF
XLF
$56.5B
| $14.8M | 0.22% |
481,209
+1,135
| +0.2% | +$33.3K |
|
107
Quest Diagnostics
DGX
$27.2B
| $14.7M | 0.22% |
137,355
-34,080
| -20% | -$3.55M |
|
108
State Street SPDR S&P Biotech ETF
XBI
$11.8B
| $14.6M | 0.22% |
153,680
+8,010
| +5% | +$693K |
|
|
FRC
109
DELISTED
First Republic Bank
FRC
| $14.5M | 0.21% |
123,167
-1,782
| -1% | -$192K |
|
110
Cisco
CSCO
$441B
| $14.4M | 0.21% |
299,736
-115,030
| -28% | -$5.35M |
|
111
Waste Management
WM
$87.3B
| $14.3M | 0.21% |
125,917
-832
| -0.7% | -$94K |
|
112
MGM Resorts International
MGM
$10.9B
| $14.2M | 0.21% |
425,605
+61,066
| +17% | +$1.86M |
|
113
Martin Marietta Materials
MLM
$37.5B
| $14M | 0.21% |
50,171
-680
| -1% | -$181K |
|
114
Dow Inc
DOW
$22B
| $13.7M | 0.2% |
250,402
-7,099
| -3% | -$367K |
|
115
Lowe's Companies
LOW
$116B
| $13.6M | 0.2% |
113,212
-49,487
| -30% | -$5.66M |
|
116
Sysco
SYY
$39.6B
| $13.5M | 0.2% |
158,176
-31,832
| -17% | -$2.58M |
|
117
Palo Alto Networks
PANW
$313B
| $13.4M | 0.2% |
346,800
-11,430
| -3% | -$432K |
|
118
Emerson Electric
EMR
$88B
| $13M | 0.19% |
170,417
-73,330
| -30% | -$5.28M |
|
119
BHP
BHP
$246B
| $13M | 0.19% |
265,383
-112
| -0% | -$5.09K |
|
120
Dominion Energy
D
$58.5B
| $12.8M | 0.19% |
154,501
+1,310
| +0.9% | +$107K |
|
121
Parker-Hannifin
PH
$127B
| $12.8M | 0.19% |
62,155
-675
| -1% | -$131K |
|
|
TGNA
122
DELISTED
TEGNA Inc
TGNA
| $12.6M | 0.19% |
756,875
+2,300
| +0.3% | +$35.8K |
|
123
Micron Technology
MU
$1.03T
| $12.6M | 0.19% |
234,125
-3,419
| -1% | -$163K |
|
124
Republic Services
RSG
$67.3B
| $12.4M | 0.18% |
138,744
-1,635
| -1% | -$143K |
|
125
Starbucks
SBUX
$122B
| $12.4M | 0.18% |
141,441
-56,427
| -29% | -$4.81M |
|
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Tocqueville Asset Management's Q4 2019 Portfolio in Review
As of Q4 2019, Tocqueville Asset Management held 815 positions worth $6.8B, down 7.7% from $7.37B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Tocqueville Asset Management withdrew a net $1.26B in Q4 2019, closing 87 positions and reducing 381 holdings. Its most notable exit was Kirkland Lake Gold Ltd Ordinary, an estimated $28.3M position sold in full.
By sector, the portfolio is most concentrated in Materials at 19% of assets, up from 16% a quarter earlier, followed by Miscellaneous and Technology.
Against the trend, Tocqueville Asset Management opened a new position in Gold Fields worth $37.1M.
- Tocqueville Asset Management's largest Q4 2019 buy was Gold Fields: 5,613,900 shares worth $37.1M.
- Tocqueville Asset Management added most to Alibaba in Q4 2019, an estimated $25.2M increase.
- Tocqueville Asset Management's biggest Q4 2019 reduction was Microsoft, cutting an estimated $75.7M.
- Tocqueville Asset Management fully exited Kirkland Lake Gold Ltd Ordinary in Q4 2019, selling an estimated $28.3M.
- Tocqueville Asset Management's ten largest holdings make up 19% of its $6.8B portfolio in Q4 2019.
- Tocqueville Asset Management opened 67 new positions and closed 87 in Q4 2019.
- Tocqueville Asset Management's portfolio value fell 7.7% quarter-over-quarter to $6.8B.
Based on Tocqueville Asset Management's 13F filing for Q4 2019, filed 14 Jan 2020.