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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
Avg Time Held
13.7
quarters
Top 10 Avg Time Held
8.2
quarters
Top 20 Avg Time Held
9.8
quarters
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Home Depot
HD
$290B
| $322M | 4.74% |
1,475,237
-82,046
| -5% | -$18.6M |
2013 Q2
26 quarters
|
|
|
2
Microsoft
MSFT
$3.97T
| $140M | 2.07% |
890,663
-515,114
| -37% | -$75.7M |
2013 Q2
26 quarters
|
|
|
3
Apple
AAPL
$4.91T
| $124M | 1.83% |
1,691,984
-1,143,744
| -40% | -$73.6M |
2013 Q2
26 quarters
|
|
4
Pan American Silver
PAAS
$19.2B
| $113M | 1.66% |
4,769,626
-126,500
| -3% | -$2.34M |
2014 Q2
22 quarters
|
|
5
Franco-Nevada
FNV
$47.2B
| $104M | 1.53% |
1,006,925
+26,740
| +3% | +$2.58M |
2014 Q2
22 quarters
|
|
|
MAG
6
DELISTED
MAG Silver
MAG
| $101M | 1.48% |
8,498,325
-25,000
| -0.3% | -$258K |
2014 Q2
22 quarters
|
|
7
Wheaton Precious Metals
WPM
$63B
| $95.4M | 1.4% |
3,205,140
-326,775
| -9% | -$8.93M |
2014 Q2
22 quarters
|
|
|
8
Amazon
AMZN
$2.83T
| $86.1M | 1.27% |
931,900
-847,360
| -48% | -$75M |
2013 Q2
26 quarters
|
|
9
Walt Disney
DIS
$187B
| $74.3M | 1.09% |
513,724
-102,661
| -17% | -$14.3M |
2013 Q2
26 quarters
|
|
10
B2Gold
BTG
$6.94B
| $72.2M | 1.06% |
17,995,331
-736,000
| -4% | -$2.6M |
2014 Q2
22 quarters
|
|
|
11
Alphabet (Google) Class C
GOOG
$4.25T
| $71.9M | 1.06% |
1,075,400
-812,160
| -43% | -$52.4M |
2013 Q2
26 quarters
|
|
12
Merck
MRK
$359B
| $71.9M | 1.06% |
828,230
-226,684
| -21% | -$18.6M |
2013 Q2
26 quarters
|
|
13
NextEra Energy
NEE
$161B
| $69.4M | 1.02% |
1,145,552
-421,144
| -27% | -$24.6M |
2013 Q2
26 quarters
|
|
14
Agnico Eagle Mines
AEM
$95.7B
| $67.6M | 0.99% |
1,096,650
-125,200
| -10% | -$7.27M |
2019 Q3
1 quarter
|
|
15
Alphabet (Google) Class A
GOOGL
$4.3T
| $67M | 0.99% |
1,000,340
-395,120
| -28% | -$25.5M |
2015 Q3
17 quarters
|
|
16
NovaGold Resources
NG
$2.94B
| $66.7M | 0.98% |
7,445,859
+767,600
| +11% | +$5.31M |
2014 Q2
22 quarters
|
|
17
Johnson & Johnson
JNJ
$630B
| $66M | 0.97% |
452,528
-134,763
| -23% | -$18.3M |
2013 Q2
26 quarters
|
|
18
AngloGold Ashanti
AU
$47.6B
| $64.8M | 0.95% |
2,901,375
-90,000
| -3% | -$1.81M |
2018 Q4
4 quarters
|
|
19
Verizon
VZ
$173B
| $58.8M | 0.87% |
958,156
-8,231
| -0.9% | -$496K |
2013 Q2
26 quarters
|
|
20
Procter & Gamble
PG
$351B
| $58.1M | 0.85% |
464,871
-26,235
| -5% | -$3.21M |
2013 Q2
26 quarters
|
|
21
Alamos Gold
AGI
$13.8B
| $56.6M | 0.83% |
9,410,320
-150,000
| -2% | -$820K |
2013 Q2
26 quarters
|
|
22
Weyerhaeuser
WY
$13.8B
| $56.3M | 0.83% |
1,864,229
-17,214
| -0.9% | -$499K |
2013 Q2
26 quarters
|
|
23
Intel
INTC
$553B
| $53M | 0.78% |
886,380
-66,539
| -7% | -$3.72M |
2013 Q2
26 quarters
|
|
24
Royal Gold
RGLD
$20B
| $52.8M | 0.78% |
431,849
-28,590
| -6% | -$3.38M |
2013 Q2
26 quarters
|
|
25
Pfizer
PFE
$161B
| $52.4M | 0.77% |
1,409,918
+23,370
| +2% | +$832K |
2013 Q2
26 quarters
|
|
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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.