# Sicart Associates LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1696494. Source: https://holderbook.com/funds/1696494-sicart-associates-llc/

- Reported value: $408.4M
- Positions: 74
- Weight of the ten largest: 51.0%
- Filed: 2026-08-11

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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $34.9M | 381,182 | 8.6% | 31 |
| GUARDANT HEALTH INC | [GH](https://holderbook.com/stocks/GH/) | $34.7M | 231,015 | 8.5% | 21 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $29.8M | 80,898 | 7.3% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $21.4M | 50,879 | 5.2% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $16.8M | 47,148 | 4.1% | 31 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $15.6M | 277,883 | 3.8% | 13 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $14.6M | 83,129 | 3.6% | 26 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $14.2M | 53,016 | 3.5% | 31 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $13.3M | 93,251 | 3.3% | 15 |
| IONIS PHARMACEUTICALS INC | [IONS](https://holderbook.com/stocks/IONS/) | $12.7M | 160,694 | 3.1% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $11.9M | 166,406 | 2.9% | 18 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $11.8M | 124,666 | 2.9% | 8 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $10.5M | 121,835 | 2.6% | 8 |
| FORTUNA MNG CORP | [FSM](https://holderbook.com/stocks/FSM/) | $9.9M | 1,172,808 | 2.4% | 8 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $9.6M | 114,416 | 2.3% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $9.0M | 108,887 | 2.2% | 25 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $8.6M | 185,216 | 2.1% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $8.3M | 40,357 | 2.0% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.2M | 14,530 | 2.0% | 18 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $8.0M | 105,206 | 2.0% | 11 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $7.1M | 48,560 | 1.7% | 1 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $6.9M | 78,205 | 1.7% | 10 |
| BUNGE GLOBAL SA | [BG](https://holderbook.com/stocks/BG/) | $6.3M | 58,646 | 1.5% | 11 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $6.0M | 23,649 | 1.5% | 31 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $6.0M | 44,524 | 1.5% | 26 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $5.6M | 71,922 | 1.4% | 25 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $5.1M | 80,673 | 1.2% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.8M | 49,994 | 1.2% | 31 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $4.4M | 206,065 | 1.1% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.3M | 14,923 | 1.1% | 31 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $4.3M | 6,912 | 1.1% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.3M | 11,469 | 1.0% | 26 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $3.8M | 71,180 | 0.9% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.8M | 46,352 | 0.9% | 26 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $3.4M | 39,326 | 0.8% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $2.7M | 8,506 | 0.7% | 26 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.5M | 5,000 | 0.6% | 6 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.2M | 106,222 | 0.5% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.0M | 19,393 | 0.5% | 25 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.0M | 47,632 | 0.5% | 6 |
| CG ONCOLOGY INC | [CGON](https://holderbook.com/stocks/CGON/) | $1.8M | 25,000 | 0.4% | 10 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $1.7M | 89,698 | 0.4% | 22 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $1.4M | 12,154 | 0.3% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.0M | 4,689 | 0.3% | 5 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $819.2K | 10,739 | 0.2% | 19 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $723.0K | 5,000 | 0.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $664.3K | 2,787 | 0.2% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $632.9K | 4,316 | 0.2% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $631.2K | 5,573 | 0.2% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $581.2K | 2,150 | 0.1% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $574.0K | 2,260 | 0.1% | 31 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $568.3K | 5,150 | 0.1% | 31 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $382.0K | 1,706 | 0.1% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $367.3K | 1,122 | 0.1% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $360.4K | 1,020 | 0.1% | 4 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $357.8K | 1,050 | 0.1% | 25 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $326.5K | 436 | 0.1% | 5 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $319.3K | 1,317 | 0.1% | 23 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $295.6K | 2,313 | 0.1% | 10 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $295.6K | 965 | 0.1% | 5 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $290.1K | 1,529 | 0.1% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $285.7K | 416 | 0.1% | 13 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $256.0K | 1,006 | 0.1% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $246.6K | 1,139 | 0.1% | 5 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $246.0K | 2,098 | 0.1% | 8 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $245.0K | 1,513 | 0.1% | 5 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $242.1K | 6,958 | 0.1% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $241.7K | 2,730 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $238.2K | 1,093 | 0.1% | 4 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $236.2K | 10,000 | 0.1% | 28 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $235.2K | 475 | 0.1% | 1 |
| PTC THERAPEUTICS INC | [PTCT](https://holderbook.com/stocks/PTCT/) | $223.9K | 2,745 | 0.1% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $221.3K | 1,619 | 0.1% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $210.6K | 2,400 | 0.1% | 2 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +3.6% | +14.8% | -11.2% | 100% |
| Q1 2026 | +0.1% | -4.6% | +4.8% | 100% |
| Q4 2025 | +5.8% | +2.4% | +3.4% | 100% |
| Q3 2025 | +13.2% | +7.8% | +5.4% | 100% |
| Q2 2025 | +8.5% | +10.5% | -2.0% | 100% |
| Q1 2025 | +1.2% | -4.6% | +5.8% | 100% |
| Q4 2024 | +1.2% | +2.1% | -0.9% | 100% |
| Q3 2024 | +4.3% | +5.4% | -1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $408.4M | 74 |
| Q1 2026 | $389.3M | 74 |
| Q4 2025 | $376.9M | 76 |
| Q3 2025 | $369.1M | 73 |
| Q2 2025 | $285.8M | 72 |
| Q1 2025 | $289.1M | 66 |
| Q4 2024 | $279.6M | 69 |
| Q3 2024 | $284.8M | 73 |
| Q2 2024 | $260.6M | 72 |
| Q1 2024 | $273.0M | 76 |
| Q4 2023 | $261.5M | 74 |
| Q3 2023 | $255.0M | 67 |