Sicart Associates LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Sicart Associates LLC reported 72 stock positions worth $285.8 million. Its top holding was SPDR Gold Shares (GLD) at 9.6% of the portfolio, followed by Netflix (NFLX, 7.9%) and iShares 20+ Year Treasury BD (TLT, 4.9%). Compared with Q1 2025, it opened 12 new positions, sold out of 6, added to 6 and reduced 39. The biggest buy was Guardant Health (GH, shares +20%) and the biggest sale an exit from Gilead Sciences (GILD).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001696494
- Portfolio Value
- $285.8M (Q2 2025)
- SEC Filing
- 0001725547-25-003475 ↗ filed Jul 18, 2025
Holdings Value
Holdings 72 stocks · $285.8M
| GLD SPDR Gold Shares | 9.56% | 89,672 | $27.3M | Reduce -4.7% |
| NFLX Netflix Inc. | 7.93% | 16,935 | $22.7M | Reduce -2.4% |
| TLT iShares 20+ Year Treasury BD | 4.86% | 157,434 | $13.9M | Reduce -6.2% |
| MP MP Materials Corp. | 4.60% | 395,512 | $13.2M | Reduce -3.2% |
| TSLA Tesla Inc. | 4.02% | 36,133 | $11.5M | Reduce -4.4% |
| META Meta Platforms Inc. Class A | 3.77% | 14,595 | $10.8M | Reduce -4.8% |
| IEF iShares 7-10 Year Treasury B | 3.72% | 110,951 | $10.6M | Reduce -6.5% |
| GOOGL Alphabet Inc. Class A | 3.23% | 52,405 | $9.2M | Reduce -4.4% |
| TRGP Targa Resources Corp. | 3.18% | 52,171 | $9.1M | Reduce -1.5% |
| WFC Wells Fargo & Co. | 3.14% | 112,102 | $9.0M | Add +0.1% |
| GH Guardant Health Inc. | 3.01% | 165,455 | $8.6M | Add +20.3% |
| SYY Sysco Corp. | 2.93% | 110,680 | $8.4M | Add +2.5% |
| XYZ Block Inc. | 2.59% | 108,771 | $7.4M | Reduce -2.4% |
| IONS Ionis Pharmaceuticals Inc. | 2.56% | 185,296 | $7.3M | Reduce -0.2% |
| ABNB Airbnb Inc. Class A | 2.44% | 52,786 | $7.0M | Reduce -1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.28% | 52,586 | $6.5M | Reduce -3.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.25% | 190,527 | $6.4M | Reduce -2.7% |
| MDT Medtronic PLC | 2.22% | 72,742 | $6.3M | Reduce -3.4% |
| BG Bunge Global SA | 2.15% | 76,630 | $6.2M | Reduce -3.2% |
| KHC The Kraft Heinz Co. | 2.08% | 230,265 | $5.9M | Reduce -3.6% |
| ILMN Illumina Inc. | 1.90% | 57,005 | $5.4M | Reduce -5.9% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 1.87% | 14,628 | $5.4M | Reduce -7.0% |
| NTR Nutrien Ltd. | 1.65% | 80,841 | $4.7M | Reduce -3.9% |
| FDX FedEx Corp. | 1.58% | 19,862 | $4.5M | Reduce -24.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.53% | 47,682 | $4.4M | No change |
| FSM Fortuna Mining Corp. | 1.46% | 638,736 | $4.2M | Reduce -1.8% |
| MOS The Mosaic Co. | 1.38% | 107,950 | $3.9M | Reduce -2.5% |
| AAPL Apple Inc. | 1.17% | 16,364 | $3.4M | Reduce -18.1% |
| ADBE Adobe Inc. | 1.17% | 8,628 | $3.3M | Reduce -1.1% |
| T AT&T Inc. | 1.16% | 114,992 | $3.3M | Reduce -3.3% |
| KO The Coca-Cola Co. | 1.15% | 46,627 | $3.3M | No change |
| NKE Nike Inc. Class B | 1.10% | 44,423 | $3.2M | Reduce -0.8% |
| ALB Albemarle Corp. | 1.09% | 49,872 | $3.1M | Reduce -3.5% |
| VXUS Vanguard Total Intl Stock | 0.95% | 39,326 | $2.7M | Reduce -0.4% |
| CLX Clorox Company | 0.94% | 22,345 | $2.7M | Reduce -4.0% |
| GLW Corning Inc. | 0.72% | 38,910 | $2.0M | Reduce -63.4% |
| CPB The Campbell's Company | 0.69% | 64,000 | $2.0M | Reduce -0.8% |
| SBUX Starbucks Corp. | 0.63% | 19,753 | $1.8M | Add +1.8% |
| PSLV Sprott Physical Silver Trust | 0.42% | 97,637 | $1.2M | No change |
| PDD PDD Holdings Inc. | 0.39% | 10,700 | $1.1M | No change |
| LOW Lowe's Cos Inc. | 0.36% | 4,689 | $1.0M | New |
| SLV iShares Silver Trust | 0.32% | 28,194 | $925K | No change |
| MCD McDonald's Corp. | 0.32% | 3,150 | $920K | Reduce -8.7% |
| PG The Procter & Gamble Co. | 0.24% | 4,316 | $688K | New |
| CGON CG Oncology Inc. | 0.23% | 25,000 | $650K | No change |
| AMZN Amazon.com Inc. | 0.21% | 2,787 | $611K | Reduce -53.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.20% | 5,150 | $569K | No change |
| MSFT Microsoft Corp. | 0.20% | 1,122 | $558K | Add +21.2% |
| WMT Walmart Inc. | 0.19% | 5,573 | $545K | New |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.16% | 5,000 | $456K | No change |
| JPM JPMorgan Chase & Co. | 0.14% | 1,385 | $402K | No change |
| HON Honeywell International Inc. | 0.14% | 1,706 | $397K | New |
| CB Chubb Ltd. | 0.13% | 1,250 | $362K | Reduce -10.1% |
| GIS General Mills Inc. | 0.13% | 6,958 | $361K | New |
| JNJ Johnson & Johnson | 0.12% | 2,260 | $345K | Reduce -18.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 650 | $316K | Add +30.0% |
| EMR Emerson Electric Co. | 0.11% | 2,253 | $300K | Reduce -13.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.10% | 965 | $274K | New |
| IVV iShares Core S&P 500 ETF | 0.09% | 436 | $271K | New |
| ROK Rockwell Automation Inc. | 0.09% | 775 | $257K | Reduce -34.0% |
| IWD iShares Russell 1000 Value E | 0.09% | 1,317 | $256K | No change |
| VONG Vanguard Russell 1000 Growth | 0.09% | 2,313 | $253K | No change |
| VOO Vanguard S&P 500 ETF | 0.09% | 441 | $251K | Reduce -55.5% |
| BA The Boeing Co. | 0.08% | 1,139 | $239K | New |
| MMM 3M Co. | 0.08% | 1,513 | $230K | New |
| SNOW Snowflake Inc. | 0.08% | 1,006 | $225K | New |
| RTX RTX Corp. | 0.08% | 1,529 | $223K | No change |
| AFL Aflac Inc. | 0.08% | 2,098 | $221K | No change |
| KGC Kinross Gold Corp. | 0.08% | 14,000 | $219K | No change |
| VGK Vanguard Ftse Europe ETF | 0.07% | 2,730 | $212K | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.07% | 2,489 | $201K | New |
| BTG B2GOLD Corp. | 0.03% | 20,000 | $72K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −3.93 |
| IBB iShares Biotechnology ETF | Sold out | 0.00% | −2.01 |
| GLW Corning Inc. | Reduce -63.4% | 0.72% | −0.97 |
| FDX FedEx Corp. | Reduce -24.5% | 1.58% | −0.65 |
| SLB SLB Ltd. | Reduce -2.7% | 2.25% | −0.60 |
| TRGP Targa Resources Corp. | Reduce -1.5% | 3.18% | −0.49 |
| KHC The Kraft Heinz Co. | Reduce -3.6% | 2.08% | −0.43 |
| TLT iShares 20+ Year Treasury BD | Reduce -6.2% | 4.86% | −0.43 |
| AAPL Apple Inc. | Reduce -18.1% | 1.17% | −0.36 |
| CLX Clorox Company | Reduce -4.0% | 0.94% | −0.25 |
| CPB The Campbell's Company | Reduce -0.8% | 0.69% | −0.20 |
| ALB Albemarle Corp. | Reduce -3.5% | 1.09% | −0.20 |
| IEF iShares 7-10 Year Treasury B | Reduce -6.5% | 3.72% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -53.6% | 0.21% | −0.18 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.18 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.14 |
| MDT Medtronic PLC | Reduce -3.4% | 2.22% | −0.14 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -55.5% | 0.09% | −0.09 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.07 |
| MCD McDonald's Corp. | Reduce -8.7% | 0.32% | −0.05 |
| JNJ Johnson & Johnson | Reduce -18.1% | 0.12% | −0.04 |
| CB Chubb Ltd. | Reduce -10.1% | 0.13% | −0.02 |
| ROK Rockwell Automation Inc. | Reduce -34.0% | 0.09% | −0.01 |
| T AT&T Inc. | Reduce -3.3% | 1.16% | +0.00 |
| EMR Emerson Electric Co. | Reduce -13.2% | 0.11% | +0.01 |
| ADBE Adobe Inc. | Reduce -1.1% | 1.17% | +0.01 |
| BG Bunge Global SA | Reduce -3.2% | 2.15% | +0.06 |
| FSM Fortuna Mining Corp. | Reduce -1.8% | 1.46% | +0.09 |
| VXUS Vanguard Total Intl Stock | Reduce -0.4% | 0.95% | +0.10 |
| NKE Nike Inc. Class B | Reduce -0.8% | 1.10% | +0.12 |
| GLD SPDR Gold Shares | Reduce -4.7% | 9.56% | +0.18 |
| NTR Nutrien Ltd. | Reduce -3.9% | 1.65% | +0.19 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -7.0% | 1.87% | +0.19 |
| ABNB Airbnb Inc. Class A | Reduce -1.2% | 2.44% | +0.24 |
| ILMN Illumina Inc. | Reduce -5.9% | 1.90% | +0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -4.4% | 3.23% | +0.30 |
| MOS The Mosaic Co. | Reduce -2.5% | 1.38% | +0.34 |
| DIS The Walt Disney Co. | Reduce -3.8% | 2.28% | +0.42 |
| XYZ Block Inc. | Reduce -2.4% | 2.59% | +0.49 |
| IONS Ionis Pharmaceuticals Inc. | Reduce -0.2% | 2.56% | +0.62 |
| TSLA Tesla Inc. | Reduce -4.4% | 4.02% | +0.63 |
| META Meta Platforms Inc. Class A | Reduce -4.8% | 3.77% | +0.71 |
| MP MP Materials Corp. | Reduce -3.2% | 4.60% | +1.15 |
| NFLX Netflix Inc. | Reduce -2.4% | 7.93% | +2.34 |
Portfolio Buys Q1 2025 → Q2 2025
| GH Guardant Health Inc. | Add +20.3% | 3.01% | +0.99 |
| LOW Lowe's Cos Inc. | New | 0.36% | +0.36 |
| WFC Wells Fargo & Co. | Add +0.1% | 3.14% | +0.36 |
| PG The Procter & Gamble Co. | New | 0.24% | +0.24 |
| WMT Walmart Inc. | New | 0.19% | +0.19 |
| HON Honeywell International Inc. | New | 0.14% | +0.14 |
| SYY Sysco Corp. | Add +2.5% | 2.93% | +0.13 |
| GIS General Mills Inc. | New | 0.13% | +0.13 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.10% | +0.10 |
| IVV iShares Core S&P 500 ETF | New | 0.09% | +0.09 |
| BA The Boeing Co. | New | 0.08% | +0.08 |
| MMM 3M Co. | New | 0.08% | +0.08 |
| SNOW Snowflake Inc. | New | 0.08% | +0.08 |
| MSFT Microsoft Corp. | Add +21.2% | 0.20% | +0.07 |
| VGK Vanguard Ftse Europe ETF | New | 0.07% | +0.07 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.07% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +30.0% | 0.11% | +0.02 |
| SBUX Starbucks Corp. | Add +1.8% | 0.63% | −0.03 |
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 |