# BENNICAS & ASSOCIATES, INC.

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1056821. Source: https://holderbook.com/funds/1056821-bennicas-associates-inc/

- Reported value: $173.0M
- Positions: 97
- Weight of the ten largest: 40.4%
- Filed: 2023-03-01

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $24.1M | 159,324 | 14.0% | 17 |
| PIMCO ETF TR | [STPZ](https://holderbook.com/stocks/STPZ/) | $7.9M | 158,825 | 4.6% | 10 |
| ProShares Short S&P 500 | - | $7.0M | 436,374 | 4.0% | 17 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $5.8M | 123,313 | 3.4% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.7M | 35,383 | 3.3% | 17 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $4.3M | 240,527 | 2.5% | 17 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $4.1M | 30,323 | 2.4% | 17 |
| Merck & Co Inc | - | $3.8M | 34,100 | 2.2% | 17 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $3.6M | 69,298 | 2.1% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.4M | 14,300 | 2.0% | 17 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $3.3M | 6,875 | 1.9% | 17 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.3M | 18,114 | 1.9% | 17 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $3.1M | 11,905 | 1.8% | 9 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $3.1M | 99,425 | 1.8% | 17 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $3.1M | 49,383 | 1.8% | 17 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $2.9M | 41,500 | 1.7% | 17 |
| BUNGE LIMITED | [BGXXXX](https://holderbook.com/stocks/BGXXXX/) | $2.9M | 28,900 | 1.7% | 17 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.7M | 7,293 | 1.5% | 17 |
| SILVER WHEATON CORP | - | $2.5M | 65,016 | 1.5% | 17 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $2.5M | 179,507 | 1.5% | 17 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.4M | 15,950 | 1.4% | 17 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $2.3M | 37,700 | 1.3% | 17 |
| YAMANA GOLD INC | [AUY](https://holderbook.com/stocks/AUY/) | $2.3M | 410,620 | 1.3% | 17 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $2.2M | 58,300 | 1.3% | 10 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.1M | 11,748 | 1.2% | 17 |
| INVESCO EXCH TRADED FD TR II | [PBTP](https://holderbook.com/stocks/PBTP/) | $2.0M | 80,700 | 1.1% | 10 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $1.9M | 13,860 | 1.1% | 17 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.9M | 27,066 | 1.1% | 17 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $1.9M | 19,075 | 1.1% | 10 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.8M | 25,506 | 1.1% | 17 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $1.8M | 109,031 | 1.0% | 17 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $1.8M | 6,333 | 1.0% | 17 |
| HAWAIIAN ELEC INDS INC MTN B | [HE](https://holderbook.com/stocks/HE/) | $1.7M | 41,612 | 1.0% | 17 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.7M | 14,466 | 1.0% | 17 |
| GABELLI HEALTHCARE & WELLNES | [GRX](https://holderbook.com/stocks/GRX/) | $1.7M | 165,200 | 1.0% | 15 |
| Sprott Physical Silver Trust | - | $1.6M | 198,650 | 0.9% | 17 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $1.6M | 25,082 | 0.9% | 13 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.6M | 14,141 | 0.9% | 17 |
| DIREXION SHARES ETF TRUST | [SPDN](https://holderbook.com/stocks/SPDN/) | $1.5M | 92,400 | 0.9% | 9 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $1.5M | 19,195 | 0.9% | 17 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $1.5M | 11,350 | 0.9% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.5M | 17,166 | 0.9% | 17 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.4M | 34,897 | 0.8% | 17 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.4M | 10,098 | 0.8% | 17 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3M | 7,576 | 0.8% | 17 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $1.3M | 6,221 | 0.8% | 17 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $1.2M | 23,995 | 0.7% | 17 |
| ANHEUSER BUSCH INBEV SA/NV | [BUD](https://holderbook.com/stocks/BUD/) | $1.1M | 18,550 | 0.6% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.1M | 8,446 | 0.6% | 17 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $1.1M | 34,632 | 0.6% | 17 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.1M | 57,752 | 0.6% | 17 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $1.1M | 20,874 | 0.6% | 17 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $1.0M | 19,427 | 0.6% | 10 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $1.0M | 6,750 | 0.6% | 17 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $984.0K | 37,230 | 0.6% | 17 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $920.7K | 12,924 | 0.5% | 17 |
| EQUINOR ASA | [EQNR](https://holderbook.com/stocks/EQNR/) | $916.7K | 25,600 | 0.5% | 17 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $909.1K | 1,260 | 0.5% | 17 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $884.1K | 52,100 | 0.5% | 4 |
| Vestas Wind Systems A/S | [VWDRY](https://holderbook.com/stocks/VWDRY/) | $844.8K | 88,000 | 0.5% | 17 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $827.7K | 13,340 | 0.5% | 10 |
| DNP SELECT INCOME FD INC | [DNP](https://holderbook.com/stocks/DNP/) | $721.5K | 64,133 | 0.4% | 17 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $648.1K | 64,100 | 0.4% | 9 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $634.9K | 6,100 | 0.4% | 17 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $621.2K | 7,600 | 0.4% | 17 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $604.1K | 11,300 | 0.3% | 13 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $594.3K | 55,800 | 0.3% | 6 |
| ASA GOLD AND PRECIOUS MTLS L | [ASA](https://holderbook.com/stocks/ASA/) | $565.3K | 39,505 | 0.3% | 17 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $560.7K | 5,100 | 0.3% | 17 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $508.5K | 4,511 | 0.3% | 1 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $487.8K | 14,800 | 0.3% | 10 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $487.2K | 19,434 | 0.3% | 13 |
| LEGGETT & PLATT INC | [LEG](https://holderbook.com/stocks/LEG/) | $460.9K | 14,300 | 0.3% | 17 |
| CAMPING WORLD HLDGS INC | [CWH](https://holderbook.com/stocks/CWH/) | $419.6K | 18,800 | 0.2% | 2 |
| Transocean, Ltd. | - | $414.1K | 90,820 | 0.2% | 4 |
| ATLASSIAN CORP PLC | [TEAMXXXX](https://holderbook.com/stocks/TEAMXXXX/) | $392.5K | 3,050 | 0.2% | 17 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $369.0K | 4,800 | 0.2% | 4 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $367.3K | 6,450 | 0.2% | 1 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $348.1K | 85,116 | 0.2% | 17 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $321.4K | 7,791 | 0.2% | 10 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $310.5K | 14,400 | 0.2% | 9 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $310.0K | 3,958 | 0.2% | 11 |
| Market Vectors Etf TRUST | - | $298.1K | 10,400 | 0.2% | 17 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $288.3K | 4,800 | 0.2% | 9 |
| DUKE ENERGY | [DUKU](https://holderbook.com/stocks/DUKU/) | $264.8K | 2,571 | 0.2% | 17 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $251.5K | 1,050 | 0.1% | 1 |
| ANGLOGOLD ASHANTI LIMITED | [AUXXXX](https://holderbook.com/stocks/AUXXXX/) | $229.7K | 11,830 | 0.1% | 11 |
| UNITED TECHNOLOGIES CORP | [UTX](https://holderbook.com/stocks/UTX/) | $222.0K | 2,200 | 0.1% | 1 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $220.8K | 12,850 | 0.1% | 1 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $218.8K | 3,450 | 0.1% | 11 |
| AVISTA CORP | [AVA](https://holderbook.com/stocks/AVA/) | $208.4K | 4,700 | 0.1% | 1 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $206.7K | 4,088 | 0.1% | 9 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $171.1K | 30,782 | 0.1% | 17 |
| Newcrest Mining Limited | [NCMGF](https://holderbook.com/stocks/NCMGF/) | $165.9K | 11,795 | 0.1% | 4 |
| NOVAGOLD RESOURCES INC | [NG](https://holderbook.com/stocks/NG/) | $142.9K | 23,900 | 0.1% | 13 |
| IAMGOLD CORP | [IAG](https://holderbook.com/stocks/IAG/) | $130.1K | 50,433 | 0.1% | 17 |
| Medical Marijuana Inc | [MJNA](https://holderbook.com/stocks/MJNA/) | $122 | 20,000 | 0.0% | 17 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2022 | +13.1% | +7.1% | +6.0% | 92% |
| Q3 2022 | -9.2% | -5.3% | -3.9% | 94% |
| Q2 2022 | -11.8% | -16.5% | +4.7% | 94% |
| Q4 2021 | +109.5% | +10.7% | +98.9% | 96% |
| Q3 2021 | -2.3% | +0.3% | -2.6% | 96% |
| Q2 2021 | +4.1% | +8.0% | -3.9% | 96% |
| Q1 2021 | +1.2% | +6.0% | -4.8% | 96% |
| Q4 2020 | +6.6% | +11.6% | -5.1% | 94% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $173.0M | 97 |
| Q3 2022 | $156.8M | 96 |
| Q2 2022 | $171.3M | 99 |
| Q1 2022 | $199.1M | 106 |
| Q4 2021 | $192.2M | 101 |
| Q3 2021 | $177.7M | 99 |
| Q2 2021 | $181.8M | 99 |
| Q1 2021 | $174.2M | 99 |
| Q4 2020 | $171.6M | 99 |
| Q3 2020 | $160.9M | 94 |
| Q2 2020 | $133.2M | 82 |
| Q1 2020 | $113.2M | 78 |