# EDGAR Filing Document

**Accession Number:** 0000801444
**File Stem:** 0000894189-25-017347
**Filing Date:** 2025-12
**Character Count:** 22119
**Document Hash:** 9849d8f9a6087759102195d179920411
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-017347.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0000894189-25-017347

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOCQUEVILLE TRUST
- **CENTRAL INDEX KEY:** 0000801444

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04840
- **FILM NUMBER:** 251591576

**BUSINESS ADDRESS:**
- **STREET 1:** 40 WEST 57TH ST.
- **STREET 2:** 19TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 2126980800

**MAIL ADDRESS:**
- **STREET 1:** 40 WEST 57TH ST.
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TOCQUEVILLE FUND
- **DATE OF NAME CHANGE:** 19920107

## Series and Classes Contracts Data

### The Tocqueville Fund (Series ID: S000006346)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000017445 | The Tocqueville Fund | TOCQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** The Tocqueville Trust

- **b. Investment Company Act file number:** 811-04840

- **c. CIK number of Registrant:** 0000801444

- **d. LEI of Registrant:** 549300CH4ZKXILYSCO32

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 40 W. 57th Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 212-698-0800

**Item A.2. Information about the Series.**

- **a. Name of Series:** The Tocqueville Fund

- **b. EDGAR series identifier (if any):** S000006346

- **c. LEI of Series:** 549300FEEY3HKOLCHF69

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $545804349.09

**Total Liabilities:** $825739.32

**Net Assets:** $544978609.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017445 | 1.09%                | 4.03%                | 5.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $525322.29               | $4855378.80                                |
| Month 2  | $-567617.26              | $20809672.17                               |
| Month 3  | $-728478.50              | $27036442.03                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                  | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Freeport-McMoRan Inc                  | Freeport-McMoRan Inc                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    125000 | NS      | $5212500.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                    | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    175000 | NS      | $14245000.00  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                           | NVIDIA Corp                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    150000 | NS      | $30373500.00  | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp               | Texas Pacific Land Corp                  | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7500 | NS      | $7075350.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WaterBridge Infrastructure LLC        | WaterBridge Infrastructure LLC           | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $1920000.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp          | Wheaton Precious Metals Corp             | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    100000 | NS      | $9652000.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                     | AeroVironment Inc                        | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     30000 | NS      | $11097300.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                 | Applied Materials Inc                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     75000 | NS      | $17482500.00  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                    | Cooper Cos Inc/The                       | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     75000 | NS      | $5243250.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                | Marvell Technology Inc                   | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150000 | NS      | $14061000.00  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                  | Parker-Hannifin Corp                     | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     15000 | NS      | $11592450.00  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                 | Republic Services Inc                    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     40000 | NS      | $8329600.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger Inc/United States         | Schrodinger Inc/United States            | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |    150000 | NS      | $3156000.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                       | Weyerhaeuser Co                          | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    200000 | NS      | $4600000.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                          | Newmont Corp                             | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    200000 | NS      | $16194000.00  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                            | AbbVie Inc                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     20000 | NS      | $4360800.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                          | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    100000 | NS      | $28119000.00  | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                       | Caterpillar Inc                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     25000 | NS      | $14431500.00  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                            | Deere & Co                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     20000 | NS      | $9232600.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                        | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     40000 | NS      | $20712400.00  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc            | Verizon Communications Inc               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    100000 | NS      | $3974000.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | Walmart Inc                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    100000 | NS      | $10118000.00  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                    | ABM Industries Inc                       | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    120000 | NS      | $5160000.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                        | Merck & Co Inc                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    100000 | NS      | $8598000.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The               | Procter & Gamble Co/The                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     50000 | NS      | $7518500.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                           | Shopify Inc                              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    100000 | NS      | $17386000.00  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands Internationa        | Restaurant Brands International LP       | CUSIP: 76090H103<br>LEI: 529900LKDWGO1K6OAN16 | Long             | EC               | CORP              | CA        |        37 | NS      | $2467.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                        | Amazon.com Inc                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     70000 | NS      | $17095400.00  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc         | Intercontinental Exchange Inc            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     22500 | NS      | $3291525.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                            | Pfizer Inc                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    100000 | NS      | $2465000.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                       | Rocket Lab Corp                          | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    675000 | NS      | $42511500.00  | 7.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                | Diamondback Energy Inc                   | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     50000 | NS      | $7159500.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                           | Nutrien Ltd                              | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    100000 | NS      | $5445000.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                        | ServiceNow Inc                           | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     15000 | NS      | $13789200.00  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SpaceCo Holdings, LLC                 | SpaceCo Holdings, LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     10000 | NS      | $1020000.00   | 0.19%             |  |  |  | No            |                  3 | On Loan: No      |
| Coca-Cola Co/The                      | Coca-Cola Co/The                         | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    100000 | NS      | $6890000.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                          | Crane NXT Co                             | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     75000 | NS      | $4743750.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga        | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  16061843 | NS      | $16061843.39  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                          | QUALCOMM Inc                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     75000 | NS      | $13567500.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                   | Vulcan Materials Co                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     40000 | NS      | $11580000.00  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavalier Premier Access Fund II, L.P. | Cavalier Premier Access Fund II, L.P.    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     10000 | NS      | $1010000.00   | 0.19%             |  |  |  | No            |                  3 | On Loan: No      |
| Autopilot Horizon IX LLC              | Autopilot Horizon IX LLC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     18502 | NS      | $500000.00    | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| Vertiv Holdings Co                    | Vertiv Holdings Co                       | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     75000 | NS      | $14464500.00  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                             | Aflac Inc                                | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     50000 | NS      | $5359500.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                   | Abbott Laboratories                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     50000 | NS      | $6181000.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                             | Apple Inc                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     40000 | NS      | $10814800.00  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc         | Automatic Data Processing Inc            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     40000 | NS      | $10412000.00  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc          | Apollo Global Management Inc             | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     75000 | NS      | $9323250.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                           | Cameco Corp                              | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     75000 | NS      | $7665750.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                          | Chevron Corp                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $6308800.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                  | Colgate-Palmolive Co                     | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     75000 | NS      | $5778750.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                              | Crane Co                                 | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     50000 | NS      | $9500000.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                      | Genuine Parts Co                         | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     40000 | NS      | $5092400.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The           | Goldman Sachs Group Inc/The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      5000 | NS      | $3946850.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc               | Illinois Tool Works Inc                  | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     25000 | NS      | $6098000.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                       | McDonald's Corp                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     25000 | NS      | $7460750.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

**Name of Applicant:** The Tocqueville Trust

**Signature:** /s/Cleo Kotis

**Name of Signer:** Cleo Kotis

**Title:** Secretary of the Trust