TOCQUEVILLE ASSET MANAGEMENT L.P. Q1 2019 Filing

Filed April 30, 2019

Portfolio Value

$7.5B

Holdings

766

Report Date

Q1 2019

Filing Type

13F-HR

All Holdings (766 positions)

#	Stock	Shares	Value	% Portfolio
1	HDHome Depot Inc	1,593,591	$305.8M	4.08%
2	MSFTMicrosoft Corp.	1,433,453	$169.1M	2.26%
3	AMZNAmazon Inc.	92,377	$164.5M	2.20%
4	AAPLApple Inc.	691,880	$131.4M	1.75%
5	GOOGAlphabet Inc Class C	96,150	$112.8M	1.51%
6	JNJJohnson & Johnson	623,395	$87.1M	1.16%
7	GOOGLAlphabet Inc Class A	73,237	$86.2M	1.15%
8	METAFacebook Inc.	512,467	$85.4M	1.14%
9	MRKMerck & Co. Inc.	1,025,568	$85.3M	1.14%
10	MQ8Mag Silver Corp	7,917,725	$84.4M	1.13%
11	WPMWheaton Precious Metals	3,245,940	$77.3M	1.03%
12	NEENextera Energy Inc.	395,966	$76.5M	1.02%
13	—Detour Gold Corporation	8,081,920	$75.8M	1.01%
14	FNVFranco-Nevada Corporation	1,007,950	$75.6M	1.01%
15	DISWalt Disney Co	635,471	$70.6M	0.94%
16	NVDANvidia Corp.	368,510	$66.2M	0.88%
17	—The Tocqueville Fund	1,810,209	$63.5M	0.85%
18	XOMExxon Mobil Corp	779,749	$63.0M	0.84%
19	—Agnico-Eagle Mines Ltd	1,420,035	$61.8M	0.82%
20	MCDMcDonald's Corp.	313,842	$59.6M	0.80%
21	PFEPfizer Inc	1,398,100	$59.4M	0.79%
22	PAASPan Amern Silver Corp	4,401,526	$58.3M	0.78%
23	—Semafo Inc	20,648,020	$57.8M	0.77%
24	NTRNUTRIEN LTD	1,093,880	$57.7M	0.77%
25	TXGTorex Gold Resources Inc	4,557,340	$57.4M	0.77%
26	SLBSchlumberger Ltd.	1,304,882	$56.9M	0.76%
27	INTCIntel Corp	1,031,334	$55.4M	0.74%
28	BTOB2Gold Corporation	19,447,331	$54.6M	0.73%
29	BACVerizon Communications	923,821	$54.6M	0.73%
30	AFLAflac Inc	1,082,239	$54.1M	0.72%
31	PYPLPaypal Hldgs Inc	506,117	$52.6M	0.70%
32	—DowDuPont Inc.	985,677	$52.5M	0.70%
33	PGProcter & Gamble	494,946	$51.5M	0.69%
34	RGLDRoyal Gold Inc	559,030	$50.8M	0.68%
35	WYWeyerhaeuser Co	1,910,800	$50.3M	0.67%
36	AGIAlamos Gold Inc.	9,653,820	$49.0M	0.65%
37	—Fresnillo PLC	4,212,000	$47.8M	0.64%
38	NEMNewmont Mining Corp	1,272,079	$45.5M	0.61%
39	JPMJPMorgan Chase & Co	442,189	$44.8M	0.60%
40	VVisa Inc Com CL A	284,869	$44.5M	0.59%
41	BACBank Amer Corp	1,604,029	$44.3M	0.59%
42	R6C2Royal Dutch Shell PLC - Class	687,688	$44.0M	0.59%
43	MAMastercard Incorporated Cl A	186,682	$44.0M	0.59%
44	OGCUSDOceanagold Corporation	13,775,924	$43.3M	0.58%
45	BABoeing Company	108,630	$41.4M	0.55%
46	IMGIamgold Corporation	11,820,300	$41.0M	0.55%
47	OREUROsisko Gold Royalties Ltd	3,638,606	$40.9M	0.55%
48	AU3EURAngloGold Ashanti Limited - AD	3,057,733	$40.1M	0.53%
49	CATCaterpillar Inc	294,537	$39.9M	0.53%
50	—Amano Corp	1,695,223	$39.9M	0.53%
51	BHPBHP Group Limited - ADR	728,998	$39.9M	0.53%
52	BIIBBiogen Inc.	164,954	$39.0M	0.52%
53	NVSNNovartis AG	404,184	$38.9M	0.52%
54	ADPAutomatic Data Processing Inc	242,486	$38.7M	0.52%
55	PEPPepsico Inc	307,948	$37.7M	0.50%
56	SIEBSiemens AG-SPONS ADR	693,240	$37.3M	0.50%
57	DEODiageo Plc Sponsored ADR	225,692	$36.9M	0.49%
58	CSCOCisco Sys Inc	680,843	$36.8M	0.49%
59	ISIIonis Pharmaceuticals Inc	450,794	$36.6M	0.49%
60	DEDeere & Co Com	223,664	$35.8M	0.48%
61	BRK/BBerkshire Hathaway Inc Del Cl	177,069	$35.6M	0.47%
62	WMTWalmart Inc.	339,446	$33.1M	0.44%
63	TMOThermo Fisher Corp	117,157	$32.1M	0.43%
64	ABTAbbott Labs	399,538	$31.9M	0.43%
65	IAUUSDiShares Comex Gold Trust	2,573,369	$31.9M	0.43%
66	—Newcrest Mining Ltd.	1,756,300	$31.8M	0.42%
67	CRMSalesforce Com Inc	200,025	$31.7M	0.42%
68	UNPUnion Pac Corp	188,342	$31.5M	0.42%
69	QCOMQualcomm Inc.	543,977	$31.0M	0.41%
70	GRA1EURGrace W R & Co Del New COM STK	393,515	$30.7M	0.41%
71	MMM3M Company	147,473	$30.6M	0.41%
72	—Corvus Gold Inc	19,513,509	$30.5M	0.41%
73	ADBEAdobe, Inc.	113,459	$30.2M	0.40%
74	CVXChevron Corp	242,110	$29.8M	0.40%
75	UNUSDUnilever N V -NY Shares	503,023	$29.3M	0.39%
76	—Danone	379,625	$29.3M	0.39%
77	NGNovagold Res Inc Com New	6,917,759	$28.8M	0.39%
78	—Tocqueville Opportunity Fund	1,039,300	$28.1M	0.38%
79	IBMIBM Corporation	196,496	$27.7M	0.37%
80	CLColgate Palmolive Co	394,015	$27.0M	0.36%
81	—Osisko Mining Inc.	11,968,739	$26.9M	0.36%
82	GLWCorning Inc	797,768	$26.4M	0.35%
83	KOCoca Cola Co	560,544	$26.3M	0.35%
84	ORCLOracle Corp	488,054	$26.2M	0.35%
85	—American Beacon Tocqueville In	1,703,396	$26.1M	0.35%
86	PAYCPaycom Software Inc	131,833	$24.9M	0.33%
87	UTXZUnited Technologies Corp	192,601	$24.8M	0.33%
88	BVNCia de Minas Buenaventura S.A.	1,431,100	$24.7M	0.33%
89	YRIYamana Gold Inc.	9,436,341	$24.6M	0.33%
90	OXYOccidental Petroleum Corp	367,594	$24.3M	0.32%
91	UBSUBS AG	2,008,851	$24.3M	0.32%
92	UNHUnitedhealth Group Inc	97,526	$24.1M	0.32%
93	—Continental AG	158,060	$23.8M	0.32%
94	—Micro Focus Intl	910,050	$23.7M	0.32%
95	KGCKinross Gold Corporation	6,858,967	$23.6M	0.31%
96	WDAYWorkday Inc Cl A	121,770	$23.5M	0.31%
97	NFLXNetflix Inc	65,135	$23.2M	0.31%
98	GEGeneral Electric Corp.	2,295,348	$22.9M	0.31%
99	USBUS Bancorp	468,389	$22.6M	0.30%
100	MDLZMondelez Intl Inc Cl A	448,979	$22.4M	0.30%

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