Tocqueville Asset Management LP is an SEC-registered investment adviser based in New York, NY that reports managing 2 hedge funds on Form ADV. It reports $10.2 billion in regulatory assets under management. Its private funds, of all types, hold $233.9 million in gross assets. Its disclosed U.S. stock holdings returned an estimated +13.7% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +41.4% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $10.2 billionForm ADV Item 5.F
- Gross assets of private funds
- $233.9 millionAll private fund types, Form ADV
- Hedge funds managed
- 25 private funds in total
- Employees
- 73Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 105690
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +13.5% | +14.8% |
| Q1 2026 | +0.1% | -4.6% |
| Q4 2025 | +4.0% | +2.4% |
| Q3 2025 | +8.1% | +7.8% |
| Q2 2025 | +8.3% | +10.4% |
| Q1 2025 | -3.1% | -4.5% |
| Q4 2024 | +0.1% | +2.1% |
| Q3 2024 | +5.3% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Home Depot Inc Com$298.5 million
- Nvidia Corp$232.4 million
- Applied Matls Inc Com$218.4 million
- Alphabet, Inc Voting Class$205.5 million
- Alphabet, Inc Non-voting Class$188.7 million
- Microsoft Corp Com$169.5 million
- Apple Inc Com$168.9 million
- Amazon Com Inc Com$159.4 million
- Ishares Gold TR$117.2 million
- Micron Technology Inc Com$106.5 million
As of 2026-06-30, from 13F filing by Tocqueville Asset Management L.P..
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures