Sicart Associates LLC Diversified Active

CIK: 0001696494 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 14, 2026

Total Value ($000): $376,890 (100.0% shares, 0.0% debt)

Holdings (76)

New Positions (3)

LULU LULULEMON ATHLETICA INC 0.7%

Value ($000) $2,541 Shares 12,227 Est. Cost $181.15 Unrealized 0.0%

PTCT PTC THERAPEUTICS INC 0.1%

Value ($000) $209 Shares 2,745 Est. Cost $72.67 Unrealized 0.0%

GDX VANECK ETF TRUST 0.1%

Value ($000) $206 Shares 2,405 Est. Cost $85.77 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LULU	LULULEMON ATHLETICA INC	12,227	$2,541	0.7%	$181.15	0.0%	COM	550021109
PTCT	PTC THERAPEUTICS INC	2,745	$209	0.1%	$72.67	0.0%	COM	69366J200
GDX	VANECK ETF TRUST	2,405	$206	0.1%	$85.77	—	GOLD MINERS ETF	92189F106

Increased Positions (6)

NFLX NETFLIX INC 2.8%

Value ($000) $10,734 (-46.8%) Shares 114,480 (+580.0%) Est. Cost $96.21 Unrealized +12.1%

FSM FORTUNA MNG CORP 1.7%

Value ($000) $6,364 (+11.6%) Shares 648,736 (+2.0%) Est. Cost $4.82 Unrealized +86.6%

BIL SPDR SERIES TRUST 10.7%

Value ($000) $40,178 (+1.4%) Shares 439,682 (+1.9%) Est. Cost $91.74 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $1,420 (+20.2%) Shares 2,825 (+20.2%) Est. Cost $488.14 Unrealized +1.9%

IEF ISHARES TR 3.0%

Value ($000) $11,405 (+1.2%) Shares 118,605 (+1.6%) Est. Cost $94.44 Unrealized —

PDD PDD HOLDINGS INC 0.3%

Value ($000) $1,319 (-6.7%) Shares 11,631 (+8.7%) Est. Cost $77.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	114,480 (+580.0%)	$10,734 (-46.8%)	2.8%	$96.21	+12.1%	COM	64110L106
FSM	FORTUNA MNG CORP	648,736 (+2.0%)	$6,364 (+11.6%)	1.7%	$4.82	+86.6%	COM NEW	349942102
BIL	SPDR SERIES TRUST	439,682 (+1.9%)	$40,178 (+1.4%)	10.7%	$91.74	—	STATE STREET SPD	78468R663
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,825 (+20.2%)	$1,420 (+20.2%)	0.4%	$488.14	+1.9%	CL B NEW	084670702
IEF	ISHARES TR	118,605 (+1.6%)	$11,405 (+1.2%)	3.0%	$94.44	—	7-10 YR TRSY BD	464287440
PDD	PDD HOLDINGS INC	11,631 (+8.7%)	$1,319 (-6.7%)	0.3%	$77.95	—	SPONSORED ADS	722304102

Decreased Positions (14)

MP MP MATERIALS CORP 1.8%

Value ($000) $6,804 (-45.8%) Shares 134,680 (-28.1%) Est. Cost $19.18 Unrealized +230.6%

TLT ISHARES TR 2.8%

Value ($000) $10,678 (-24.8%) Shares 122,505 (-22.9%) Est. Cost $97.70 Unrealized —

ILMN ILLUMINA INC 2.9%

Value ($000) $10,778 (+36.5%) Shares 82,178 (-1.1%) Est. Cost $131.93 Unrealized -11.0%

ALB ALBEMARLE CORP 1.8%

Value ($000) $6,634 (+62.6%) Shares 46,902 (-6.8%) Est. Cost $90.35 Unrealized +25.4%

KHC KRAFT HEINZ CO 0.9%

Value ($000) $3,537 (-41.0%) Shares 145,855 (-36.6%) Est. Cost $27.45 Unrealized -10.3%

MOS MOSAIC CO NEW 0.6%

Value ($000) $2,251 (-40.8%) Shares 93,440 (-14.8%) Est. Cost $34.73 Unrealized -23.0%

XYZ BLOCK INC 1.7%

Value ($000) $6,442 (-18.2%) Shares 98,974 (-9.1%) Est. Cost $74.12 Unrealized -6.9%

CPB THE CAMPBELLS COMPANY 0.1%

Value ($000) $435 (-75.8%) Shares 15,610 (-72.6%) Est. Cost $41.08 Unrealized -26.8%

CLX CLOROX CO DEL 0.4%

Value ($000) $1,533 (-44.4%) Shares 15,205 (-32.0%) Est. Cost $148.53 Unrealized -27.1%

ADBE ADOBE INC 1.9%

Value ($000) $7,272 (-9.7%) Shares 20,777 (-9.0%) Est. Cost $360.66 Unrealized -5.7%

SLV ISHARES SILVER TR 0.5%

Value ($000) $1,900 (+48.5%) Shares 29,494 (-2.3%) Est. Cost $19.87 Unrealized —

SLB SLB LIMITED 1.9%

Value ($000) $7,122 (+8.8%) Shares 185,567 (-2.6%) Est. Cost $42.48 Unrealized -15.1%

NKE NIKE INC 0.8%

Value ($000) $3,047 (-11.7%) Shares 47,828 (-3.4%) Est. Cost $72.23 Unrealized -10.1%

DIS DISNEY WALT CO 1.6%

Value ($000) $5,888 (-2.7%) Shares 51,756 (-2.0%) Est. Cost $100.95 Unrealized +8.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MP	MP MATERIALS CORP	134,680 (-28.1%)	$6,804 (-45.8%)	1.8%	$19.18	+230.6%	COM CL A	553368101
TLT	ISHARES TR	122,505 (-22.9%)	$10,678 (-24.8%)	2.8%	$97.70	—	20 YR TR BD ETF	464287432
ILMN	ILLUMINA INC	82,178 (-1.1%)	$10,778 (+36.5%)	2.9%	$131.93	-11.0%	COM	452327109
ALB	ALBEMARLE CORP	46,902 (-6.8%)	$6,634 (+62.6%)	1.8%	$90.35	+25.4%	COM	012653101
KHC	KRAFT HEINZ CO	145,855 (-36.6%)	$3,537 (-41.0%)	0.9%	$27.45	-10.3%	COM	500754106
MOS	MOSAIC CO NEW	93,440 (-14.8%)	$2,251 (-40.8%)	0.6%	$34.73	-23.0%	COM	61945C103
XYZ	BLOCK INC	98,974 (-9.1%)	$6,442 (-18.2%)	1.7%	$74.12	-6.9%	CL A	852234103
CPB	THE CAMPBELLS COMPANY	15,610 (-72.6%)	$435 (-75.8%)	0.1%	$41.08	-26.8%	COM	134429109
CLX	CLOROX CO DEL	15,205 (-32.0%)	$1,533 (-44.4%)	0.4%	$148.53	-27.1%	COM	189054109
ADBE	ADOBE INC	20,777 (-9.0%)	$7,272 (-9.7%)	1.9%	$360.66	-5.7%	COM	00724F101
SLV	ISHARES SILVER TR	29,494 (-2.3%)	$1,900 (+48.5%)	0.5%	$19.87	—	ISHARES	46428Q109
SLB	SLB LIMITED	185,567 (-2.6%)	$7,122 (+8.8%)	1.9%	$42.48	-15.1%	COM STK	806857108
NKE	NIKE INC	47,828 (-3.4%)	$3,047 (-11.7%)	0.8%	$72.23	-10.1%	CL B	654106103
DIS	DISNEY WALT CO	51,756 (-2.0%)	$5,888 (-2.7%)	1.6%	$100.95	+8.5%	COM	254687106

Unchanged Positions (53)

GH GUARDANT HEALTH INC 6.2%

Value ($000) $23,309 Shares 228,203 Est. Cost $57.34 Unrealized +56.0%

GOOGL ALPHABET INC 4.4%

Value ($000) $16,537 Shares 52,835 Est. Cost $108.27 Unrealized +163.8%

GLD SPDR GOLD TR 9.4%

Value ($000) $35,539 Shares 89,675 Est. Cost $131.81 Unrealized —

IONS IONIS PHARMACEUTICALS INC 3.4%

Value ($000) $12,939 Shares 163,557 Est. Cost $42.25 Unrealized +78.2%

REGN REGENERON PHARMACEUTICALS 1.4%

Value ($000) $5,373 Shares 6,961 Est. Cost $564.28 Unrealized +20.3%

ABNB AIRBNB INC 3.4%

Value ($000) $12,709 Shares 93,639 Est. Cost $117.86 Unrealized +5.7%

META META PLATFORMS INC 2.6%

Value ($000) $9,614 Shares 14,565 Est. Cost $212.11 Unrealized +214.6%

FDX FEDEX CORP 1.5%

Value ($000) $5,726 Shares 19,823 Est. Cost $127.88 Unrealized +104.5%

WFC WELLS FARGO CO NEW 2.8%

Value ($000) $10,432 Shares 111,932 Est. Cost $24.14 Unrealized +258.9%

SYY SYSCO CORP 2.2%

Value ($000) $8,139 Shares 110,455 Est. Cost $50.40 Unrealized +49.8%

TRGP TARGA RES CORP 2.6%

Value ($000) $9,805 Shares 53,146 Est. Cost $37.50 Unrealized +348.2%

PSLV SPROTT ASSET MANAGEMENT LP 0.6%

Value ($000) $2,309 Shares 97,637 Est. Cost $8.79 Unrealized —

BG BUNGE GLOBAL SA 1.8%

Value ($000) $6,896 Shares 77,415 Est. Cost $97.86 Unrealized -6.1%

T AT&T INC 0.8%

Value ($000) $2,855 Shares 114,942 Est. Cost $14.87 Unrealized +70.0%

TSLA TESLA INC 5.2%

Value ($000) $19,696 Shares 43,796 Est. Cost $244.59 Unrealized +81.2%

AAPL APPLE INC 1.2%

Value ($000) $4,449 Shares 16,364 Est. Cost $94.54 Unrealized +183.8%

NTR NUTRIEN LTD 1.3%

Value ($000) $4,986 Shares 80,667 Est. Cost $33.72 Unrealized +74.5%

GLW CORNING INC 0.9%

Value ($000) $3,400 Shares 38,831 Est. Cost $23.98 Unrealized +258.6%

MGK VANGUARD WORLD FD 1.6%

Value ($000) $6,138 Shares 14,871 Est. Cost $328.47 Unrealized —

KO COCA COLA CO 0.9%

Value ($000) $3,258 Shares 46,602 Est. Cost $45.65 Unrealized +52.0%

VXUS VANGUARD STAR FDS 0.8%

Value ($000) $2,967 Shares 39,326 Est. Cost $55.36 Unrealized —

GOOG ALPHABET INC 0.1%

Value ($000) $326 Shares 1,040 Est. Cost $209.93 Unrealized +36.4%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $468 Shares 2,260 Est. Cost $104.14 Unrealized +89.2%

LOW LOWES COS INC 0.3%

Value ($000) $1,131 Shares 4,689 Est. Cost $220.63 Unrealized +8.7%

WMT WALMART INC 0.2%

Value ($000) $621 Shares 5,573 Est. Cost $94.76 Unrealized +13.1%

MDT MEDTRONIC PLC 1.9%

Value ($000) $6,973 Shares 72,587 Est. Cost $80.21 Unrealized +21.1%

PG PROCTER AND GAMBLE CO 0.2%

Value ($000) $619 Shares 4,316 Est. Cost $160.77 Unrealized -8.5%

MSFT MICROSOFT CORP 0.1%

Value ($000) $543 Shares 1,122 Est. Cost $219.48 Unrealized +128.1%

BK BANK NEW YORK MELLON CORP 0.2%

Value ($000) $580 Shares 5,000 Est. Cost $38.82 Unrealized +184.7%

KGC KINROSS GOLD CORP 0.1%

Value ($000) $282 Shares 10,000 Est. Cost $4.76 Unrealized +445.3%

CB CHUBB LIMITED 0.1%

Value ($000) $328 Shares 1,050 Est. Cost $117.76 Unrealized +148.3%

AMZN AMAZON COM INC 0.2%

Value ($000) $643 Shares 2,787 Est. Cost $117.84 Unrealized +94.2%

CGON CG ONCOLOGY INC 0.3%

Value ($000) $1,038 Shares 25,000 Est. Cost $40.84 Unrealized +1.3%

GIS GENERAL MLS INC 0.1%

Value ($000) $324 Shares 6,958 Est. Cost $53.78 Unrealized -11.8%

HON HONEYWELL INTL INC 0.1%

Value ($000) $333 Shares 1,706 Est. Cost $199.66 Unrealized -2.3%

RTX RTX CORPORATION 0.1%

Value ($000) $280 Shares 1,529 Est. Cost $124.76 Unrealized +38.9%

VOT VANGUARD INDEX FDS 0.1%

Value ($000) $269 Shares 965 Est. Cost $284.39 Unrealized —

VGK VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $228 Shares 2,730 Est. Cost $77.49 Unrealized —

IWD ISHARES TR 0.1%

Value ($000) $277 Shares 1,317 Est. Cost $136.71 Unrealized —

BTG B2GOLD CORP 0.0%

Value ($000) $90 Shares 20,000 Est. Cost $2.92 Unrealized +59.5%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $378 Shares 1,172 Est. Cost $129.66 Unrealized +138.7%

SBUX STARBUCKS CORP 0.4%

Value ($000) $1,663 Shares 19,753 Est. Cost $68.63 Unrealized +22.5%

MMM 3M CO 0.1%

Value ($000) $242 Shares 1,513 Est. Cost $141.25 Unrealized +15.5%

IVV ISHARES TR 0.1%

Value ($000) $299 Shares 436 Est. Cost $620.90 Unrealized —

SNOW SNOWFLAKE INC 0.1%

Value ($000) $221 Shares 1,006 Est. Cost $180.80 Unrealized +35.0%

VOO VANGUARD INDEX FDS 0.1%

Value ($000) $261 Shares 416 Est. Cost $419.41 Unrealized —

MCD MCDONALDS CORP 0.3%

Value ($000) $963 Shares 3,150 Est. Cost $121.43 Unrealized +151.3%

VTV VANGUARD INDEX FDS 0.1%

Value ($000) $209 Shares 1,093 Est. Cost $186.49 Unrealized —

AFL AFLAC INC 0.1%

Value ($000) $231 Shares 2,098 Est. Cost $98.75 Unrealized +11.2%

VONG VANGUARD SCOTTSDALE FDS 0.1%

Value ($000) $282 Shares 2,313 Est. Cost $86.67 Unrealized —

SHV ISHARES TR 0.2%

Value ($000) $567 Shares 5,150 Est. Cost $110.20 Unrealized —

BA BOEING CO 0.1%

Value ($000) $247 Shares 1,139 Est. Cost $188.88 Unrealized +8.9%

HYG ISHARES TR 0.1%

Value ($000) $201 Shares 2,489 Est. Cost $80.65 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GH	GUARDANT HEALTH INC	228,203	$23,309	6.2%	$57.34	+56.0%	COM	40131M109
GOOGL	ALPHABET INC	52,835	$16,537	4.4%	$108.27	+163.8%	CAP STK CL A	02079K305
GLD	SPDR GOLD TR	89,675	$35,539	9.4%	$131.81	—	GOLD SHS	78463V107
IONS	IONIS PHARMACEUTICALS INC	163,557	$12,939	3.4%	$42.25	+78.2%	COM	462222100
REGN	REGENERON PHARMACEUTICALS	6,961	$5,373	1.4%	$564.28	+20.3%	COM	75886F107
ABNB	AIRBNB INC	93,639	$12,709	3.4%	$117.86	+5.7%	COM CL A	009066101
META	META PLATFORMS INC	14,565	$9,614	2.6%	$212.11	+214.6%	CL A	30303M102
FDX	FEDEX CORP	19,823	$5,726	1.5%	$127.88	+104.5%	COM	31428X106
WFC	WELLS FARGO CO NEW	111,932	$10,432	2.8%	$24.14	+258.9%	COM	949746101
SYY	SYSCO CORP	110,455	$8,139	2.2%	$50.40	+49.8%	COM	871829107
TRGP	TARGA RES CORP	53,146	$9,805	2.6%	$37.50	+348.2%	COM	87612G101
PSLV	SPROTT ASSET MANAGEMENT LP	97,637	$2,309	0.6%	$8.79	—	PHYSICAL SILVER	85207K107
BG	BUNGE GLOBAL SA	77,415	$6,896	1.8%	$97.86	-6.1%	COM SHS	H11356104
T	AT&T INC	114,942	$2,855	0.8%	$14.87	+70.0%	COM	00206R102
TSLA	TESLA INC	43,796	$19,696	5.2%	$244.59	+81.2%	COM	88160R101
AAPL	APPLE INC	16,364	$4,449	1.2%	$94.54	+183.8%	COM	037833100
NTR	NUTRIEN LTD	80,667	$4,986	1.3%	$33.72	+74.5%	COM	67077M108
GLW	CORNING INC	38,831	$3,400	0.9%	$23.98	+258.6%	COM	219350105
MGK	VANGUARD WORLD FD	14,871	$6,138	1.6%	$328.47	—	MEGA GRWTH IND	921910816
KO	COCA COLA CO	46,602	$3,258	0.9%	$45.65	+52.0%	COM	191216100
VXUS	VANGUARD STAR FDS	39,326	$2,967	0.8%	$55.36	—	VG TL INTL STK F	921909768
GOOG	ALPHABET INC	1,040	$326	0.1%	$209.93	+36.4%	CAP STK CL C	02079K107
JNJ	JOHNSON & JOHNSON	2,260	$468	0.1%	$104.14	+89.2%	COM	478160104
LOW	LOWES COS INC	4,689	$1,131	0.3%	$220.63	+8.7%	COM	548661107
WMT	WALMART INC	5,573	$621	0.2%	$94.76	+13.1%	COM	931142103
MDT	MEDTRONIC PLC	72,587	$6,973	1.9%	$80.21	+21.1%	SHS	G5960L103
PG	PROCTER AND GAMBLE CO	4,316	$619	0.2%	$160.77	-8.5%	COM	742718109
MSFT	MICROSOFT CORP	1,122	$543	0.1%	$219.48	+128.1%	COM	594918104
BK	BANK NEW YORK MELLON CORP	5,000	$580	0.2%	$38.82	+184.7%	COM	064058100
KGC	KINROSS GOLD CORP	10,000	$282	0.1%	$4.76	+445.3%	COM	496902404
CB	CHUBB LIMITED	1,050	$328	0.1%	$117.76	+148.3%	COM	H1467J104
AMZN	AMAZON COM INC	2,787	$643	0.2%	$117.84	+94.2%	COM	023135106
CGON	CG ONCOLOGY INC	25,000	$1,038	0.3%	$40.84	+1.3%	COM	156944100
GIS	GENERAL MLS INC	6,958	$324	0.1%	$53.78	-11.8%	COM	370334104
HON	HONEYWELL INTL INC	1,706	$333	0.1%	$199.66	-2.3%	COM	438516106
RTX	RTX CORPORATION	1,529	$280	0.1%	$124.76	+38.9%	COM	75513E101
VOT	VANGUARD INDEX FDS	965	$269	0.1%	$284.39	—	MCAP GR IDXVIP	922908538
VGK	VANGUARD INTL EQUITY INDEX F	2,730	$228	0.1%	$77.49	—	FTSE EUROPE ETF	922042874
IWD	ISHARES TR	1,317	$277	0.1%	$136.71	—	RUS 1000 VAL ETF	464287598
BTG	B2GOLD CORP	20,000	$90	0.0%	$2.92	+59.5%	COM	11777Q209
JPM	JPMORGAN CHASE & CO.	1,172	$378	0.1%	$129.66	+138.7%	COM	46625H100
SBUX	STARBUCKS CORP	19,753	$1,663	0.4%	$68.63	+22.5%	COM	855244109
MMM	3M CO	1,513	$242	0.1%	$141.25	+15.5%	COM	88579Y101
IVV	ISHARES TR	436	$299	0.1%	$620.90	—	CORE S&P500 ETF	464287200
SNOW	SNOWFLAKE INC	1,006	$221	0.1%	$180.80	+35.0%	COM SHS	833445109
VOO	VANGUARD INDEX FDS	416	$261	0.1%	$419.41	—	S&P 500 ETF SHS	922908363
MCD	MCDONALDS CORP	3,150	$963	0.3%	$121.43	+151.3%	COM	580135101
VTV	VANGUARD INDEX FDS	1,093	$209	0.1%	$186.49	—	VALUE ETF	922908744
AFL	AFLAC INC	2,098	$231	0.1%	$98.75	+11.2%	COM	001055102
VONG	VANGUARD SCOTTSDALE FDS	2,313	$282	0.1%	$86.67	—	VNG RUS1000GRW	92206C680
SHV	ISHARES TR	5,150	$567	0.2%	$110.20	—	TRUST ISHARE 0-1	464288679
BA	BOEING CO	1,139	$247	0.1%	$188.88	+8.9%	COM	097023105
HYG	ISHARES TR	2,489	$201	0.1%	$80.65	—	IBOXX HI YD ETF	464288513