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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 | |
|---|---|---|---|---|---|---|
1
Home Depot
HD
$329B
| $322M | 4.74% |
1,475,237
-82,046
| -5% | -$18.6M |
|
|
2
Microsoft
MSFT
$3.74T
| $140M | 2.07% |
890,663
-515,114
| -37% | -$75.7M |
|
|
3
Apple
AAPL
$4.59T
| $124M | 1.83% |
1,691,984
-1,143,744
| -40% | -$73.6M |
|
4
Pan American Silver
PAAS
$22.4B
| $113M | 1.66% |
4,769,626
-126,500
| -3% | -$2.34M |
|
5
Franco-Nevada
FNV
$52.1B
| $104M | 1.53% |
1,006,925
+26,740
| +3% | +$2.58M |
|
|
MAG
6
DELISTED
MAG Silver
MAG
| $101M | 1.48% |
8,498,325
-25,000
| -0.3% | -$258K |
|
7
Wheaton Precious Metals
WPM
$71.7B
| $95.4M | 1.4% |
3,205,140
-326,775
| -9% | -$8.93M |
|
|
8
Amazon
AMZN
$2.76T
| $86.1M | 1.27% |
931,900
-847,360
| -48% | -$75M |
|
9
Walt Disney
DIS
$185B
| $74.3M | 1.09% |
513,724
-102,661
| -17% | -$14.3M |
|
10
B2Gold
BTG
$7.65B
| $72.2M | 1.06% |
17,995,331
-736,000
| -4% | -$2.6M |
|
|
11
Alphabet (Google) Class C
GOOG
$4.14T
| $71.9M | 1.06% |
1,075,400
-812,160
| -43% | -$52.4M |
|
12
Merck
MRK
$373B
| $71.9M | 1.06% |
828,230
-226,684
| -21% | -$18.6M |
|
13
NextEra Energy
NEE
$174B
| $69.4M | 1.02% |
1,145,552
-421,144
| -27% | -$24.6M |
|
14
Agnico Eagle Mines
AEM
$109B
| $67.6M | 0.99% |
1,096,650
-125,200
| -10% | -$7.27M |
|
|
15
Alphabet (Google) Class A
GOOGL
$4.17T
| $67M | 0.99% |
1,000,340
-395,120
| -28% | -$25.5M |
|
16
NovaGold Resources
NG
$3.99B
| $66.7M | 0.98% |
7,445,859
+767,600
| +11% | +$5.31M |
|
17
Johnson & Johnson
JNJ
$643B
| $66M | 0.97% |
452,528
-134,763
| -23% | -$18.3M |
|
18
AngloGold Ashanti
AU
$59.7B
| $64.8M | 0.95% |
2,901,375
-90,000
| -3% | -$1.81M |
|
19
Verizon
VZ
$206B
| $58.8M | 0.87% |
958,156
-8,231
| -0.9% | -$496K |
|
20
Procter & Gamble
PG
$334B
| $58.1M | 0.85% |
464,871
-26,235
| -5% | -$3.21M |
|
21
Alamos Gold
AGI
$15.7B
| $56.6M | 0.83% |
9,410,320
-150,000
| -2% | -$820K |
|
22
Weyerhaeuser
WY
$17.2B
| $56.3M | 0.83% |
1,864,229
-17,214
| -0.9% | -$499K |
|
23
Intel
INTC
$478B
| $53M | 0.78% |
886,380
-66,539
| -7% | -$3.72M |
|
24
Royal Gold
RGLD
$22.6B
| $52.8M | 0.78% |
431,849
-28,590
| -6% | -$3.38M |
|
25
Pfizer
PFE
$160B
| $52.4M | 0.77% |
1,409,918
+23,370
| +2% | +$832K |
|
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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.