Sicart Associates LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Sicart Associates LLC reported 66 stock positions worth $289.1 million. Its top holding was SPDR Gold Shares (GLD) at 9.4% of the portfolio, followed by Netflix (NFLX, 5.6%) and iShares 20+ Year Treasury BD (TLT, 5.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 16 and reduced 32. The biggest buy was Block (XYZ, shares +3349%) and the biggest sale an exit from Zoom Communications (ZM).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001696494
- Portfolio Value
- $289.1M (Q1 2025)
- SEC Filing
- 0001085146-25-002326 ↗ filed Apr 25, 2025
Holdings Value
Holdings 66 stocks · $289.1M
| GLD SPDR Gold Shares | 9.38% | 94,135 | $27.1M | Reduce -0.1% |
| NFLX Netflix Inc. | 5.59% | 17,347 | $16.2M | Reduce -4.8% |
| TLT iShares 20+ Year Treasury BD | 5.29% | 167,911 | $15.3M | Add +6.0% |
| GILD Gilead Sciences Inc. | 3.93% | 101,310 | $11.4M | Reduce -4.4% |
| IEF iShares 7-10 Year Treasury B | 3.91% | 118,639 | $11.3M | Add +31.5% |
| TRGP Targa Resources Corp. | 3.67% | 52,944 | $10.6M | Reduce -0.2% |
| MP MP Materials Corp. | 3.45% | 408,567 | $10.0M | Add +10.2% |
| TSLA Tesla Inc. | 3.39% | 37,793 | $9.8M | Add +44.8% |
| META Meta Platforms Inc. Class A | 3.05% | 15,324 | $8.8M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 2.93% | 54,833 | $8.5M | Reduce -2.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.85% | 195,803 | $8.2M | Reduce -0.1% |
| SYY Sysco Corp. | 2.80% | 107,995 | $8.1M | Add +0.1% |
| WFC Wells Fargo & Co. | 2.78% | 112,050 | $8.0M | Reduce -1.7% |
| KHC The Kraft Heinz Co. | 2.51% | 238,941 | $7.3M | Reduce -0.8% |
| MDT Medtronic PLC | 2.36% | 75,290 | $6.8M | Reduce -0.2% |
| FDX FedEx Corp. | 2.23% | 26,318 | $6.5M | Reduce -5.1% |
| ABNB Airbnb Inc. Class A | 2.21% | 53,437 | $6.4M | Add +0.1% |
| XYZ Block Inc. | 2.09% | 111,396 | $6.1M | Add +3348.8% |
| BG Bunge Global SA | 2.09% | 79,146 | $6.0M | Add +0.4% |
| GH Guardant Health Inc. | 2.03% | 137,593 | $5.9M | Reduce -1.9% |
| IBB iShares Biotechnology ETF | 2.01% | 45,503 | $5.8M | Reduce -1.2% |
| IONS Ionis Pharmaceuticals Inc. | 1.94% | 185,646 | $5.6M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.87% | 54,671 | $5.4M | Reduce -0.1% |
| GLW Corning Inc. | 1.68% | 106,339 | $4.9M | Reduce -10.5% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 1.68% | 15,730 | $4.9M | Add +52.0% |
| ILMN Illumina Inc. | 1.66% | 60,584 | $4.8M | Reduce -0.2% |
| AAPL Apple Inc. | 1.54% | 19,985 | $4.4M | Reduce -3.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.51% | 47,682 | $4.4M | Add +18.4% |
| NTR Nutrien Ltd. | 1.46% | 84,134 | $4.2M | Reduce -0.2% |
| FSM Fortuna Mining Corp. | 1.37% | 650,283 | $4.0M | Add +0.0% |
| ALB Albemarle Corp. | 1.29% | 51,676 | $3.7M | Reduce -0.1% |
| CLX Clorox Company | 1.19% | 23,275 | $3.4M | Reduce -0.0% |
| KO The Coca-Cola Co. | 1.17% | 46,627 | $3.4M | Reduce -32.3% |
| T AT&T Inc. | 1.16% | 118,952 | $3.4M | Reduce -0.1% |
| ADBE Adobe Inc. | 1.16% | 8,720 | $3.3M | Reduce -1.1% |
| MOS The Mosaic Co. | 1.03% | 110,762 | $3.0M | Add +0.6% |
| NKE Nike Inc. Class B | 0.99% | 44,764 | $2.9M | New |
| CPB The Campbell's Company | 0.89% | 64,550 | $2.6M | Reduce -0.1% |
| VXUS Vanguard Total Intl Stock | 0.85% | 39,476 | $2.5M | Reduce -5.9% |
| SBUX Starbucks Corp. | 0.66% | 19,408 | $1.9M | Reduce -0.2% |
| PDD PDD Holdings Inc. | 0.44% | 10,700 | $1.3M | Add +5.8% |
| AMZN Amazon.com Inc. | 0.40% | 6,007 | $1.1M | No change |
| PSLV Sprott Physical Silver Trust | 0.39% | 97,637 | $1.1M | No change |
| MCD McDonald's Corp. | 0.37% | 3,450 | $1.1M | No change |
| SLV iShares Silver Trust | 0.30% | 28,194 | $874K | Add +0.6% |
| CGON CG Oncology Inc. | 0.21% | 25,000 | $612K | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.20% | 5,150 | $569K | No change |
| VOO Vanguard S&P 500 ETF | 0.18% | 991 | $509K | Add +0.9% |
| XOM Exxon Mobil Corp. | 0.18% | 4,272 | $508K | Reduce -4.5% |
| JNJ Johnson & Johnson | 0.16% | 2,760 | $458K | No change |
| CB Chubb Ltd. | 0.15% | 1,390 | $421K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.14% | 5,000 | $419K | No change |
| XBI SS SPDR S&P Biotech ETF | 0.14% | 5,103 | $414K | Reduce -3.8% |
| MSFT Microsoft Corp. | 0.12% | 926 | $348K | No change |
| JPM JPMorgan Chase & Co. | 0.12% | 1,385 | $340K | No change |
| ROK Rockwell Automation Inc. | 0.10% | 1,175 | $304K | Reduce -6.0% |
| EMR Emerson Electric Co. | 0.10% | 2,596 | $285K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 500 | $266K | New |
| HD Home Depot Inc. | 0.09% | 700 | $257K | No change |
| IWD iShares Russell 1000 Value E | 0.09% | 1,317 | $248K | No change |
| AFL Aflac Inc. | 0.08% | 2,098 | $233K | No change |
| VONG Vanguard Russell 1000 Growth | 0.07% | 2,313 | $215K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 441 | $207K | Add +2.3% |
| RTX RTX Corp. | 0.07% | 1,529 | $203K | New |
| KGC Kinross Gold Corp. | 0.06% | 14,000 | $177K | Reduce -9.7% |
| BTG B2GOLD Corp. | 0.02% | 20,000 | $57K | Reduce -9.1% |
Portfolio Sells Q4 2024 → Q1 2025
| ZM Zoom Communications Inc. | Sold out | 0.00% | −1.57 |
| ILMN Illumina Inc. | Reduce -0.2% | 1.66% | −1.24 |
| INTC Intel Corp. | Sold out | 0.00% | −0.94 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 2.93% | −0.86 |
| FDX FedEx Corp. | Reduce -5.1% | 2.23% | −0.57 |
| IONS Ionis Pharmaceuticals Inc. | Reduce -0.1% | 1.94% | −0.39 |
| KO The Coca-Cola Co. | Reduce -32.3% | 1.17% | −0.37 |
| GLW Corning Inc. | Reduce -10.5% | 1.68% | −0.34 |
| DIS The Walt Disney Co. | Reduce -0.1% | 1.87% | −0.32 |
| AAPL Apple Inc. | Reduce -3.3% | 1.54% | −0.32 |
| ALB Albemarle Corp. | Reduce -0.1% | 1.29% | −0.31 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.25 |
| ADBE Adobe Inc. | Reduce -1.1% | 1.16% | −0.25 |
| NFLX Netflix Inc. | Reduce -4.8% | 5.59% | −0.21 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 3.05% | −0.19 |
| CLX Clorox Company | Reduce -0.0% | 1.19% | −0.17 |
| IBB iShares Biotechnology ETF | Reduce -1.2% | 2.01% | −0.16 |
| KHC The Kraft Heinz Co. | Reduce -0.8% | 2.51% | −0.13 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.10 |
| WFC Wells Fargo & Co. | Reduce -1.7% | 2.78% | −0.08 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.08 |
| CPB The Campbell's Company | Reduce -0.1% | 0.89% | −0.08 |
| VXUS Vanguard Total Intl Stock | Reduce -5.9% | 0.85% | −0.04 |
| XBI SS SPDR S&P Biotech ETF | Reduce -3.8% | 0.14% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -6.0% | 0.10% | −0.02 |
| LKCOF Luokung Technology Corp. | Sold out | 0.00% | −0.01 |
| BTG B2GOLD Corp. | Reduce -9.1% | 0.02% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -4.5% | 0.18% | +0.00 |
| KGC Kinross Gold Corp. | Reduce -9.7% | 0.06% | +0.01 |
| SBUX Starbucks Corp. | Reduce -0.2% | 0.66% | +0.02 |
| NTR Nutrien Ltd. | Reduce -0.2% | 1.46% | +0.11 |
| SLB SLB Ltd. | Reduce -0.1% | 2.85% | +0.14 |
| MDT Medtronic PLC | Reduce -0.2% | 2.36% | +0.18 |
| T AT&T Inc. | Reduce -0.1% | 1.16% | +0.19 |
| TRGP Targa Resources Corp. | Reduce -0.2% | 3.67% | +0.28 |
| GILD Gilead Sciences Inc. | Reduce -4.4% | 3.93% | +0.43 |
| GH Guardant Health Inc. | Reduce -1.9% | 2.03% | +0.49 |
| GLD SPDR Gold Shares | Reduce -0.1% | 9.38% | +1.22 |
Portfolio Buys Q4 2024 → Q1 2025
| XYZ Block Inc. | Add +3348.8% | 2.09% | +1.99 |
| MP MP Materials Corp. | Add +10.2% | 3.45% | +1.38 |
| NKE Nike Inc. Class B | New | 0.99% | +0.99 |
| IEF iShares 7-10 Year Treasury B | Add +31.5% | 3.91% | +0.93 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +52.0% | 1.68% | +0.41 |
| FSM Fortuna Mining Corp. | Add +0.0% | 1.37% | +0.37 |
| TLT iShares 20+ Year Treasury BD | Add +6.0% | 5.29% | +0.34 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +18.4% | 1.51% | +0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.09% | +0.09 |
| PDD PDD Holdings Inc. | Add +5.8% | 0.44% | +0.09 |
| RTX RTX Corp. | New | 0.07% | +0.07 |
| MOS The Mosaic Co. | Add +0.6% | 1.03% | +0.07 |
| SLV iShares Silver Trust | Add +0.6% | 0.30% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.3% | 0.07% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.9% | 0.18% | −0.01 |
| BG Bunge Global SA | Add +0.4% | 2.09% | −0.10 |
| SYY Sysco Corp. | Add +0.1% | 2.80% | −0.15 |
| ABNB Airbnb Inc. Class A | Add +0.1% | 2.21% | −0.30 |
| TSLA Tesla Inc. | Add +44.8% | 3.39% | −0.38 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 74 | $408.4M | BIL, GH, GLD, TSLA, GOOGL |
| Q1 2026 | 74 | $389.3M | BIL, GLD, GH, TSLA, GOOGL |
| Q4 2025 | 76 | $376.9M | BIL, GLD, GH, TSLA, GOOGL |
| Q3 2025 | 73 | $369.1M | BIL, GLD, NFLX, TSLA, GH |
| Q2 2025 | 72 | $285.8M | GLD, NFLX, TLT, MP, TSLA |
| Q1 2025 | 66 | $289.1M | GLD, NFLX, TLT, GILD, IEF |
| Q4 2024 | 69 | $279.6M | GLD, NFLX, TLT, GOOGL, TSLA |
| Q3 2024 | 73 | $284.8M | GLD, TLT, NFLX, META, GOOGL |
| Q2 2024 | 72 | $260.6M | GLD, NFLX, GOOGL, META, SLB |
| Q1 2024 | 76 | $273.0M | GLD, META, NFLX, KHC, FDX |