Sicart Associates LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Sicart Associates LLC reported 74 stock positions worth $389.3 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 9.5% of the portfolio, followed by SPDR Gold Shares (GLD, 9.3%) and Guardant Health (GH, 5.5%). Compared with Q4 2025, it opened 2 new positions, sold out of 4, added to 16 and reduced 12. The biggest buy was Netflix (NFLX, shares +36%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −9%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001696494
Portfolio Value
$389.3M (Q1 2026)
SEC Filing
0001725547-26-000149 ↗ filed Apr 21, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $273.0M Q1 2024 Q2 2024: $260.6M Q2 2024 Q3 2024: $284.8M Q3 2024 Q4 2024: $279.6M Q4 2024 Q1 2025: $289.1M Q1 2025 Q2 2025: $285.8M Q2 2025 Q3 2025: $369.1M Q3 2025 Q4 2025: $376.9M Q4 2025 Q1 2026: $389.3M $389.3M Q1 2026 Q2 2026: $408.4M Q2 2026

Holdings 74 stocks · $389.3M
BIL SS SPDR BB 1-3M T-Bill ETF 9.46% 401,682 $36.8M Reduce -8.6%
GLD SPDR Gold Shares 9.30% 84,144 $36.2M Reduce -6.2%
GH Guardant Health Inc. 5.46% 230,103 $21.3M Add +0.8%
TSLA Tesla Inc. 4.24% 44,372 $16.5M Add +1.3%
GOOGL Alphabet Inc. Class A 3.91% 52,935 $15.2M Add +0.2%
NFLX Netflix Inc. 3.83% 155,182 $14.9M Add +35.5%
TRGP Targa Resources Corp. 3.42% 53,146 $13.3M No change
IONS Ionis Pharmaceuticals Inc. 3.08% 159,412 $12.0M Reduce -2.5%
IEF iShares 7-10 Year Treasury B 3.05% 124,605 $11.9M Add +5.1%
ABNB Airbnb Inc. Class A 3.04% 93,639 $11.8M No change
TLT iShares 20+ Year Treasury BD 2.73% 122,505 $10.6M No change
ILMN Illumina Inc. 2.62% 82,792 $10.2M Add +0.8%
BG Bunge Global SA 2.53% 77,415 $9.8M No change
ADBE Adobe Inc. 2.51% 40,250 $9.8M Add +93.7%
SLB SLB Ltd. filed as SLB LIMITED 2.45% 185,567 $9.5M No change
WFC Wells Fargo & Co. 2.26% 110,732 $8.8M Reduce -1.1%
ALB Albemarle Corp. 2.18% 47,202 $8.5M Add +0.6%
META Meta Platforms Inc. Class A 2.14% 14,565 $8.3M No change
SYY Sysco Corp. 2.10% 114,681 $8.2M Add +3.8%
FDX FedEx Corp. 1.78% 19,507 $6.9M Reduce -1.6%
MP MP Materials Corp. 1.68% 135,125 $6.5M Add +0.3%
FSM Fortuna Mining Corp. 1.65% 648,736 $6.4M No change
XYZ Block Inc. 1.62% 104,992 $6.3M Add +6.1%
MDT Medtronic PLC 1.62% 72,587 $6.3M No change
NTR Nutrien Ltd. 1.56% 80,667 $6.1M No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 1.45% 15,371 $5.6M Add +3.4%
REGN Regeneron Pharmaceuticals 1.38% 6,961 $5.4M No change
GLW Corning Inc. 1.36% 38,831 $5.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.26% 50,956 $4.9M Reduce -1.6%
SLV iShares Silver Trust 1.25% 71,216 $4.9M Add +141.5%
MOS The Mosaic Co. 1.20% 183,418 $4.7M Add +96.3%
MSFT Microsoft Corp. 1.09% 11,450 $4.2M Add +920.5%
AAPL Apple Inc. 1.06% 16,294 $4.1M Reduce -0.4%
KO The Coca-Cola Co. 0.91% 46,602 $3.5M No change
T AT&T Inc. 0.86% 114,942 $3.3M No change
VXUS Vanguard Total Intl Stock 0.78% 39,326 $3.0M No change
NKE Nike Inc. Class B 0.65% 47,828 $2.5M No change
KHC The Kraft Heinz Co. 0.63% 109,645 $2.5M Reduce -24.8%
PSLV Sprott Physical Silver Trust 0.57% 90,898 $2.2M Reduce -6.9%
LULU Lululemon Athletica Inc. 0.48% 12,214 $1.9M Reduce -0.1%
SBUX Starbucks Corp. 0.45% 19,753 $1.8M No change
CGON CG Oncology Inc. 0.43% 25,000 $1.7M No change
CLX Clorox Company 0.38% 14,435 $1.5M Reduce -5.1%
BRK.B Berkshire Hathaway Inc. Class B 0.37% 3,025 $1.4M Add +7.1%
PDD PDD Holdings Inc. 0.31% 11,631 $1.2M No change
LOW Lowe's Cos Inc. 0.28% 4,689 $1.1M No change
MCD McDonald's Corp. 0.21% 2,650 $824K Reduce -15.9%
WMT Walmart Inc. 0.18% 5,573 $693K No change
PG The Procter & Gamble Co. 0.16% 4,316 $623K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.15% 5,000 $593K No change
AMZN Amazon.com Inc. 0.15% 2,787 $580K No change
SHV iShares 0-1 Year Treasury Bo 0.15% 5,150 $569K No change
JNJ Johnson & Johnson 0.14% 2,260 $552K No change
HON Honeywell International Inc. 0.10% 1,706 $386K No change
CPB The Campbell's Company 0.09% 15,610 $348K No change
JPM JPMorgan Chase & Co. 0.09% 1,172 $345K No change
CB Chubb Ltd. 0.09% 1,050 $342K No change
KGC Kinross Gold Corp. 0.08% 10,000 $305K No change
GOOG Alphabet Inc. Class C 0.08% 1,040 $298K No change
RTX RTX Corp. 0.08% 1,529 $295K No change
IVV iShares Core S&P 500 ETF 0.07% 436 $285K No change
IWD iShares Russell 1000 Value E 0.07% 1,317 $281K No change
XOM Exxon Mobil Corp. 0.07% 1,619 $275K New
GIS General Mills Inc. 0.07% 6,958 $259K No change
VONG Vanguard Russell 1000 Growth 0.07% 2,313 $254K No change
VOO Vanguard S&P 500 ETF 0.06% 416 $249K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.06% 965 $248K No change
AFL Aflac Inc. 0.06% 2,098 $230K No change
BA The Boeing Co. 0.06% 1,139 $227K No change
VGK Vanguard Ftse Europe ETF 0.06% 2,730 $225K No change
NEE Nextera Energy Inc. 0.06% 2,400 $223K New
GDX Vaneck Gold Miners ETF 0.06% 2,405 $221K No change
MMM 3M Co. 0.06% 1,513 $220K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 1,093 $214K No change

Portfolio Sells Q4 2025 → Q1 2026
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -8.6% 9.46% −1.20
WFC Wells Fargo & Co. Reduce -1.1% 2.26% −0.50
IONS Ionis Pharmaceuticals Inc. Reduce -2.5% 3.08% −0.36
KHC The Kraft Heinz Co. Reduce -24.8% 0.63% −0.30
DIS The Walt Disney Co. Reduce -1.6% 1.26% −0.30
LULU Lululemon Athletica Inc. Reduce -0.1% 0.48% −0.19
GLD SPDR Gold Shares Reduce -6.2% 9.30% −0.13
AAPL Apple Inc. Reduce -0.4% 1.06% −0.12
SNOW Snowflake Inc. Sold out 0.00% −0.06
PTCT PTC Therapeutics Inc. Sold out 0.00% −0.06
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.05
MCD McDonald's Corp. Reduce -15.9% 0.21% −0.04
PSLV Sprott Physical Silver Trust Reduce -6.9% 0.57% −0.04
BTG B2GOLD Corp. Sold out 0.00% −0.02
CLX Clorox Company Reduce -5.1% 0.38% −0.02
FDX FedEx Corp. Reduce -1.6% 1.78% +0.27

Portfolio Buys Q4 2025 → Q1 2026
NFLX Netflix Inc. Add +35.5% 3.83% +0.98
MSFT Microsoft Corp. Add +920.5% 1.09% +0.94
SLV iShares Silver Trust Add +141.5% 1.25% +0.74
MOS The Mosaic Co. Add +96.3% 1.20% +0.60
ADBE Adobe Inc. Add +93.7% 2.51% +0.58
ALB Albemarle Corp. Add +0.6% 2.18% +0.42
XOM Exxon Mobil Corp. New 0.07% +0.07
NEE Nextera Energy Inc. New 0.06% +0.06
IEF iShares 7-10 Year Treasury B Add +5.1% 3.05% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +7.1% 0.37% −0.00
SYY Sysco Corp. Add +3.8% 2.10% −0.06
XYZ Block Inc. Add +6.1% 1.62% −0.09
MP MP Materials Corp. Add +0.3% 1.68% −0.13
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +3.4% 1.45% −0.18
ILMN Illumina Inc. Add +0.8% 2.62% −0.24
GOOGL Alphabet Inc. Class A Add +0.2% 3.91% −0.48
GH Guardant Health Inc. Add +0.8% 5.46% −0.72
TSLA Tesla Inc. Add +1.3% 4.24% −0.99

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 74$408.4MBIL, GH, GLD, TSLA, GOOGL
Q1 2026 74$389.3MBIL, GLD, GH, TSLA, GOOGL
Q4 2025 76$376.9MBIL, GLD, GH, TSLA, GOOGL
Q3 2025 73$369.1MBIL, GLD, NFLX, TSLA, GH
Q2 2025 72$285.8MGLD, NFLX, TLT, MP, TSLA
Q1 2025 66$289.1MGLD, NFLX, TLT, GILD, IEF
Q4 2024 69$279.6MGLD, NFLX, TLT, GOOGL, TSLA
Q3 2024 73$284.8MGLD, TLT, NFLX, META, GOOGL
Q2 2024 72$260.6MGLD, NFLX, GOOGL, META, SLB
Q1 2024 76$273.0MGLD, META, NFLX, KHC, FDX