Sicart Associates LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SPDR SERIES TRUST | BIL | $34.9M | 381,182 | -0.90pp | 31q | -5.1%-$1.9M | |
| GUARDANT HEALTH INC | GH | $34.7M | 231,015 | +3.03pp | 21q | HELD | |
| SPDR GOLD TR | GLD | $29.8M | 80,898 | -2.00pp | 31q | -3.9%-$1.2M | |
| TESLA INC | TSLA | $21.4M | 50,879 | +1.00pp | 9q | +14.7%+$2.7M | |
| ALPHABET INC | GOOGL | $16.8M | 47,148 | +0.22pp | 31q | -10.9%-$2.1M | |
| MP MATERIALS CORP | MP | $15.6M | 277,883 | +2.14pp | 13q | +105.6%+$8.0M | |
| ILLUMINA INC | ILMN | $14.6M | 83,129 | +0.96pp | 26q | HELD | |
| TARGA RES CORP | TRGP | $14.2M | 53,016 | +0.06pp | 31q | HELD | |
| AIRBNB INC | ABNB | $13.3M | 93,251 | +0.23pp | 15q | HELD | |
| IONIS PHARMACEUTICALS INC | IONS | $12.7M | 160,694 | +0.04pp | 31q | +0.8%+$101.6K | |
| NETFLIX INC | NFLX | $11.9M | 166,406 | -0.92pp | 18q | +7.2%+$801.4K | |
| ISHARES TR | IEF | $11.8M | 124,666 | -0.17pp | 8q | HELD | |
| ISHARES TR | TLT | $10.5M | 121,835 | -0.15pp | 8q | -0.5%-$57.9K | |
| FORTUNA MNG CORP | FSM | $9.9M | 1,172,808 | +0.77pp | 8q | +80.8%+$4.4M | |
| SYSCO CORP | SYY | $9.6M | 114,416 | +0.24pp | 25q | HELD | |
| WELLS FARGO & CO | WFC | $9.0M | 108,887 | -0.06pp | 25q | -1.7%-$152.5K | |
| SLB LIMITED | SLB | $8.6M | 185,216 | -0.34pp | 31q | HELD | |
| ADOBE INC | ADBE | $8.3M | 40,357 | -0.49pp | 16q | HELD | |
| META PLATFORMS INC | META | $8.2M | 14,530 | -0.14pp | 18q | HELD | |
| BLOCK INC | XYZ | $8.0M | 105,206 | +0.33pp | 11q | HELD | |
| ORACLE CORP | ORCL | $7.1M | 48,560 | - | new | NEW | |
| VANGUARD WORLD FD | MGK | $6.9M | 78,205 | +0.23pp | 10q | +408.8%+$5.5M | |
| BUNGE GLOBAL SA | BG | $6.3M | 58,646 | -1.00pp | 11q | -24.2%-$2.0M | |
| CORNING INC | GLW | $6.0M | 23,649 | +0.12pp | 31q | -39.1%-$3.9M | |
| ALBEMARLE CORP | ALB | $6.0M | 44,524 | -0.70pp | 26q | -5.7%-$361.6K | |
| MEDTRONIC PLC | MDT | $5.6M | 71,922 | -0.24pp | 25q | -0.9%-$52.0K | |
| NUTRIEN LTD | NTR | $5.1M | 80,673 | -0.32pp | 31q | HELD | |
| DISNEY WALT CO | DIS | $4.8M | 49,994 | -0.08pp | 31q | -1.9%-$92.6K | |
| MOSAIC CO | MOS | $4.4M | 206,065 | -0.13pp | 19q | +12.3%+$479.9K | |
| APPLE INC | AAPL | $4.3M | 14,923 | flat | 31q | -8.4%-$396.7K | |
| REGENERON PHARMACEUTICALS | REGN | $4.3M | 6,912 | -0.33pp | 4q | -0.7%-$30.6K | |
| MICROSOFT CORP | MSFT | $4.3M | 11,469 | -0.04pp | 26q | HELD | |
| ISHARES SILVER TR | SLV | $3.8M | 71,180 | -0.31pp | 31q | HELD | |
| COCA COLA CO | KO | $3.8M | 46,352 | +0.01pp | 26q | -0.5%-$20.3K | |
| VANGUARD STAR FDS | VXUS | $3.4M | 39,326 | +0.04pp | 31q | HELD | |
| FEDEX CORP | FDX | $2.7M | 8,506 | -1.13pp | 26q | -56.4%-$3.4M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.5M | 5,000 | +0.24pp | 6q | +65.3%+$988.3K | |
| AT&T INC | T | $2.2M | 106,222 | -0.32pp | 31q | -7.6%-$180.5K | |
| STARBUCKS CORP | SBUX | $2.0M | 19,393 | +0.03pp | 25q | -1.8%-$36.8K | |
| NIKE INC | NKE | $2.0M | 47,632 | -0.17pp | 6q | HELD | |
| CG ONCOLOGY INC | CGON | $1.8M | 25,000 | flat | 10q | HELD | |
| SPROTT ASSET MANAGEMENT LP | PSLV | $1.7M | 89,698 | -0.16pp | 22q | -1.3%-$22.6K | |
| LULULEMON ATHLETICA INC | LULU | $1.4M | 12,154 | -0.14pp | 3q | HELD | |
| LOWES COS INC | LOW | $1.0M | 4,689 | -0.03pp | 5q | HELD | |
| PDD HOLDINGS INC | PDD | $819.2K | 10,739 | -0.10pp | 19q | -7.7%-$68.0K | |
| BANK OF NY MELLON CORP | BNY | $723.0K | 5,000 | +0.02pp | 31q | HELD | |
| AMAZON COM INC | AMZN | $664.3K | 2,787 | +0.01pp | 31q | HELD | |
| PROCTER & GAMBLE CO | PG | $632.9K | 4,316 | -0.01pp | 5q | HELD | |
| WALMART INC | WMT | $631.2K | 5,573 | -0.02pp | 5q | HELD | |
| MCDONALDS CORP | MCD | $581.2K | 2,150 | -0.07pp | 31q | -18.9%-$135.2K | |
| JOHNSON & JOHNSON | JNJ | $574.0K | 2,260 | flat | 31q | HELD | |
| ISHARES TR | SHV | $568.3K | 5,150 | -0.01pp | 31q | HELD | |
| HONEYWELL INTL INC | HON | $382.0K | 1,706 | - | new | NEW | |
| JPMORGAN CHASE & CO | JPM | $367.3K | 1,122 | flat | 13q | -4.3%-$16.4K | |
| ALPHABET INC | GOOG | $360.4K | 1,020 | +0.01pp | 4q | -1.9%-$7.1K | |
| CHUBB LIMITED | CB | $357.8K | 1,050 | flat | 25q | HELD | |
| ISHARES TR | IVV | $326.5K | 436 | +0.01pp | 5q | HELD | |
| ISHARES TR | IWD | $319.3K | 1,317 | +0.01pp | 23q | HELD | |
| VANGUARD SCOTTSDALE FDS | VONG | $295.6K | 2,313 | +0.01pp | 10q | HELD | |
| VANGUARD INDEX FDS | VOT | $295.6K | 965 | +0.01pp | 5q | HELD | |
| RTX CORPORATION | RTX | $290.1K | 1,529 | flat | 6q | HELD | |
| VANGUARD INDEX FDS | VOO | $285.7K | 416 | +0.01pp | 13q | HELD | |
| SNOWFLAKE INC | SNOW | $256.0K | 1,006 | - | new | NEW | |
| BOEING CO | BA | $246.6K | 1,139 | flat | 5q | HELD | |
| AFLAC INC | AFL | $246.0K | 2,098 | flat | 8q | HELD | |
| 3M CO | MMM | $245.0K | 1,513 | flat | 5q | HELD | |
| GENERAL MILLS INC | GIS | $242.1K | 6,958 | -0.01pp | 5q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VGK | $241.7K | 2,730 | flat | 5q | HELD | |
| VANGUARD INDEX FDS | VTV | $238.2K | 1,093 | flat | 4q | HELD | |
| KINROSS GOLD CORP | KGC | $236.2K | 10,000 | -0.02pp | 28q | HELD | |
| ROCKWELL AUTOMATION INC | ROK | $235.2K | 475 | - | new | NEW | |
| PTC THERAPEUTICS INC | PTCT | $223.9K | 2,745 | - | new | NEW | |
| EXXON MOBIL CORP | XOMXXXX | $221.3K | 1,619 | -0.02pp | 2q | HELD | |
| NEXTERA ENERGY INC | NEE | $210.6K | 2,400 | -0.01pp | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $53.3M | 13.1% |
| Capital Markets | $35.3M | 8.6% |
| Healthcare Services | $34.7M | 8.5% |
| Biotech & Pharma | $34.2M | 8.4% |
| Mining & Metals | $31.8M | 7.8% |
| Energy | $22.8M | 5.6% |
| Autos & Aerospace | $21.9M | 5.4% |
| Telecom & Media | $18.9M | 4.6% |
| Chemicals | $18.0M | 4.4% |
| Business Services | $14.2M | 3.5% |
| Food, Drink & Tobacco | $10.3M | 2.5% |
| Banks & Lending | $10.1M | 2.5% |
| Other sectors | $32.2M | 7.9% |
| Not classified | $70.7M | 17.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $408.4M | 74 | 5 | 8 | 21 | 5 | 51.0% | 42 |
| Q1 2026 | $389.3M | 74 | 2 | 14 | 10 | 4 | 48.8% | 21 |
| Q4 2025 | $376.9M | 76 | 3 | 7 | 15 | 0 | 51.4% | 14 |
| Q3 2025 | $369.1M | 73 | 3 | 17 | 8 | 2 | 50.9% | 7 |
| Q2 2025 | $285.8M | 72 | 12 | 5 | 37 | 6 | 48.0% | 18 |
| Q1 2025 | $289.1M | 66 | 3 | 12 | 19 | 6 | 44.6% | 25 |
| Q4 2024 | $279.6M | 69 | 0 | 3 | 42 | 4 | 42.5% | 15 |
| Q3 2024 | $284.8M | 73 | 8 | 4 | 20 | 7 | 41.5% | 25 |
| Q2 2024 | $260.6M | 72 | 3 | 5 | 40 | 7 | 41.8% | 36 |
| Q1 2024 | $273.0M | 76 | 5 | 6 | 30 | 3 | 44.0% | 33 |
| Q4 2023 | $261.5M | 74 | 8 | 9 | 34 | 1 | 43.7% | 19 |
| Q3 2023 | $255.0M | 67 | 1 | 24 | 12 | 3 | 45.6% | 26 |
| Q2 2023 | $257.5M | 69 | 4 | 10 | 37 | 4 | 45.4% | 28 |
| Q1 2023 | $257.2M | 69 | 5 | 4 | 47 | 10 | 45.8% | 39 |
| Q4 2022 | $283.6M | 74 | 3 | 17 | 37 | 6 | 47.0% | 27 |
| Q3 2022 | $282.0M | 77 | 2 | 11 | 45 | 7 | 44.8% | 33 |
| Q2 2022 | $321.3M | 82 | 0 | 17 | 41 | 15 | 46.2% | 36 |
| Q1 2022 | $386.5M | 97 | 6 | 11 | 41 | 11 | 45.3% | 36 |
| Q4 2021 | $383.2M | 102 | 7 | 16 | 29 | 14 | 47.3% | 31 |
| Q3 2021 | $367.0M | 109 | 7 | 6 | 60 | 13 | 44.2% | 22 |
| Q2 2021 | $420.1M | 115 | 11 | 22 | 21 | 1 | 44.3% | 23 |
| Q1 2021 | $378.2M | 105 | 9 | 22 | 43 | 24 | 47.5% | 40 |
| Q4 2020 | $405.0M | 120 | 14 | 32 | 43 | 10 | 46.4% | 22 |
| Q3 2020 | $334.9M | 116 | 17 | 14 | 39 | 9 | 49.7% | 14 |
| Q2 2020 | $312.7M | 108 | 15 | 15 | 43 | 10 | 53.0% | 30 |
| Q1 2020 | $262.7M | 103 | 19 | 36 | 32 | 23 | 53.6% | 22 |
| Q4 2019 | $300.2M | 107 | 10 | 26 | 40 | 9 | 53.5% | 30 |
| Q3 2019 | $304.7M | 106 | 43 | 20 | 15 | 15 | 53.7% | 21 |
| Q2 2019 | $246.1M | 78 | 7 | 10 | 25 | 7 | 52.5% | 23 |
| Q1 2019 | $236.7M | 78 | 2 | 5 | 13 | 4 | 53.0% | 31 |
| Q4 2018 | $206.6M | 80 | 0 | 0 | 0 | 0 | 53.6% | 22 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.