Tocqueville Asset Management’s Top 5 Stock Picks

Tocqueville Asset Management manage equity, gold and bond portfolios seeking favorable long-term results. The fund, founded by Francois D. Sicart, follows a contrarian view, believing that good long term results are achieved by following a strategy different from the mainstream consensus. The fund identifies undervalued companies to exploit long-term earnings power.

In its latest 13F filings, Tocqueville Asset Management disclosed its equity portfolios as held at the end of the fourth quarter of 2013. In this piece we will focus on Tocqueville Asset Management’s top 5 holdings.

Tocqueville Asset Management’s 13F portfolio had $7.44 billion in securities, down from $8.02 billion reported in the previous 13F.

The Home Depot, Inc. (NYSE:HD)

The first one is The Home Depot, Inc. (NYSE:HD). The fund significantly boosted its position in this stock to 1.63 million shares, from around 64,333 shares as disclosed in the previous 13F filing. The value of the holding is $134.26 million. Ken Fisher’s Fisher Asset Management is the largest shareholder, of all the hedge funds we track.

The next on the list is Exxon Mobil Corporation (NYSE:XOM), in which Tocqueville Asset Management disclosed a $128.38 million stake. The position amasses almost 1.27 million shares, basically flat, in comparison with 1.23 million held as reported in the previous 13F. The value of the current position is $128.38 million. Berkshire Hathaway, managed by Warren Buffett, initiated a stake in Exxon Mobil in the third quarter and is now the largest shareholder of all the hedge funds we track.

In Google Inc (NASDAQ:GOOG), Tocqueville Asset Management, disclosed the third-largest holding. The position is 95,723 shares with a reported value of $107.28 million. The position has been increased slightly from 94,266 shares. The value of the position, surged significantly to $107.28 million. This week, billionaire Eric Schmidt, director at Google Inc (NASDAQ:GOOG), has been seen selling shares, and now holds 183,428 shares of the company. Paul Ruddock and Steve Heinz’s Lansdowne Partners, has 9.67% of its equity portfolio invested in Google and is the largest shareholder amongst the hedge fund we track.

General Electric Company (NYSE:GE) is represented in the Tocqueville’s equity portfolio by a $106.33 million stake, which contain 10.17 million shares 3.79 million shares. The fund has edged down its position from 4.06 million shares, as revealed in 13F in the previous quarter. A couple of weeks ago James Rohr, director at General Electric Company (NYSE:GE), purchased 10,000 shares of Common Stock for approximately $300,000.

Apple Inc. (NASDAQ:AAPL) comes in as the fifth most valuable holding in the Tocqueville’s equity portfolio. The fund has been bullish on the stock, raising it to 179,988 shares, versus 167,271 owned previously. The value of the stake currently amounts to $100.98 million. Other prominent investors worth mentioning are Carl Icahn, a large bull, who initiated a position in the third quarter and now holds 3.88 million shares. Icahn also tweeted this week that he put another $500 million in the stock.

Disclosure: none

Recommended Reading:

 Hedge Fund Highlights: Ray Dalio, Wilbur Ross & Renaissance Technologies

Brian Taylor’s Pine River Capital Management Changes a Few Positions

5 Stocks With Multiple Insider Purchases

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!