# EDGAR Filing Document

**Accession Number:** 0001056821
**File Stem:** 0001056821-23-000005
**Filing Date:** 2023-3
**Character Count:** 13419
**Document Hash:** d9c1ff75cb3d81835b983cf906af1058
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001056821-23-000005.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001056821-23-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230228

**EFFECTIVENESS DATE**: 20230301

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BENNICAS & ASSOCIATES, INC.
- **CENTRAL INDEX KEY:** 0001056821
- **IRS NUMBER:** 472387293
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06984
- **FILM NUMBER:** 23688432

**BUSINESS ADDRESS:**
- **STREET 1:** 838 PORTOLA ROAD
- **CITY:** PORTOLA VALLEY
- **STATE:** CA
- **ZIP:** 94028
- **BUSINESS PHONE:** 6508514601

**MAIL ADDRESS:**
- **STREET 1:** 838 PORTOLA ROAD
- **CITY:** PORTOLA VALLEY
- **STATE:** CA
- **ZIP:** 94028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GEORGIA BENNICAS DBA BENNICAS & ASSOCIATES
- **DATE OF NAME CHANGE:** 19990326

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [x] **Amendment Number:** 1

**This Amendment (Check only one.):** [x] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BENNICAS  ASSOCIATES INC.<br>**Address:** 838 PORTOLA ROAD<br>PORTOLA VALLEY, CA 94028

**Form 13F File Number:** 028-06984

**CRD Number (if applicable):** 000105102

**SEC File Number (if applicable):** 801-35762

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Georgia Bennicas<br>**Title:** President<br>**Phone:** (650) 851-4601

**Signature, Place, and Date of Signing:**

Georgia Bennicas  Portola Valley, CA  02-28-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 99

**Form 13F Information Table Value Total:** $173003693

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AT Corp. (New) | COM | 00206R102 |  | 1063214 | 57752 | SH |  | SOLE |  | 57752 | 0 | 0 |
| AbbVie Inc. | COM | 00287Y109 |  | 5718247 | 35383 | SH |  | SOLE |  | 35383 | 0 | 0 |
| Abbott Laboratories | COM | 002824100 |  | 1552540 | 14141 | SH |  | SOLE |  | 14141 | 0 | 0 |
| American Express | COM | 025816109 |  | 2356613 | 15950 | SH |  | SOLE |  | 15950 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 3126614 | 11905 | SH |  | SOLE |  | 11905 | 0 | 0 |
| Anheuser Busch InBev | COM | 03524a108 |  | 1113742 | 18550 | SH |  | SOLE |  | 18550 | 0 | 0 |
| Apple Computer | COM | 037833100 |  | 1097389 | 8446 | SH |  | SOLE |  | 8446 | 0 | 0 |
| Atlassian Corporation | COM | G06242104 |  | 392474 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| Avista (formerly Washington Wa | COM | 05379B107 |  | 208398 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| Bristol-Myers Squibb | COM | 110122108 |  | 1835157 | 25506 | SH |  | SOLE |  | 25506 | 0 | 0 |
| Bunge Ltd. | COM | G16962105 |  | 2883353 | 28900 | SH |  | SOLE |  | 28900 | 0 | 0 |
| CSX Corp. | COM | 126408103 |  | 3080187 | 99425 | SH |  | SOLE |  | 99425 | 0 | 0 |
| Camping World HoldingsInc. | COM | 13462K109 |  | 419616 | 18800 | SH |  | SOLE |  | 18800 | 0 | 0 |
| Cardinal Health | COM | 14149Y108 |  | 368976 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| Carrier Global Corporation | COM | 14448c104 |  | 321379 | 7791 | SH |  | SOLE |  | 7791 | 0 | 0 |
| Caterpillar Inc. | COM | 149123101 |  | 251538 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| Chevron Corporation (fmly. Che | COM | 166764100 |  | 3251282 | 18114 | SH |  | SOLE |  | 18114 | 0 | 0 |
| Clorox Co. | COM | 189054109 |  | 1944974 | 13860 | SH |  | SOLE |  | 13860 | 0 | 0 |
| ConocoPhillips | COM | 20825C104 |  | 1706988 | 14466 | SH |  | SOLE |  | 14466 | 0 | 0 |
| Copart Inc. | COM | 217204106 |  | 2295553 | 37700 | SH |  | SOLE |  | 37700 | 0 | 0 |
| DNP Select Income Fund (fmly. | COM | 23325p104 |  | 721496 | 64133 | SH |  | SOLE |  | 64133 | 0 | 0 |
| Direxion Daily S 500 Bear 1X | COM | 25460e869 |  | 1525524 | 92400 | SH |  | SOLE |  | 92400 | 0 | 0 |
| Duke Energy | COM | 264399106 |  | 264839 | 2571 | SH |  | SOLE |  | 2571 | 0 | 0 |
| Equinor ASA (formerly Statoil | COM | 29446m102 |  | 916736 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| Essex Property Trust | COM | 297178105 |  | 1318354 | 6221 | SH |  | SOLE |  | 6221 | 0 | 0 |
| Gilead Sciences Inc. | COM | 375558103 |  | 1473701 | 17166 | SH |  | SOLE |  | 17166 | 0 | 0 |
| Hawaiian Electric | COM | 419870100 |  | 1741462 | 41612 | SH |  | SOLE |  | 41612 | 0 | 0 |
| Healthpeak Properties Inc (frm | COM | 42250P103 |  | 487210 | 19434 | SH |  | SOLE |  | 19434 | 0 | 0 |
| Intel Corp. | COM | 458140100 |  | 983989 | 37230 | SH |  | SOLE |  | 37230 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 1338300 | 7576 | SH |  | SOLE |  | 7576 | 0 | 0 |
| Kellogg Co. | COM | 487836108 |  | 920706 | 12924 | SH |  | SOLE |  | 12924 | 0 | 0 |
| Kimberly-Clark | COM | 494368103 |  | 1370804 | 10098 | SH |  | SOLE |  | 10098 | 0 | 0 |
| Leggett  Platt Inc. | COM | 524660107 |  | 460889 | 14300 | SH |  | SOLE |  | 14300 | 0 | 0 |
| Lilly Eli | COM | 532457108 |  | 2668071 | 7293 | SH |  | SOLE |  | 7293 | 0 | 0 |
| Lockheed Martin Corp. | COM | 539830109 |  | 3344627 | 6875 | SH |  | SOLE |  | 6875 | 0 | 0 |
| Medical Marijuana Inc. | COM | 58463A105 |  | 122 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Merck  Co. | COM | 589331107 |  | 3783395 | 34100 | SH |  | SOLE |  | 34100 | 0 | 0 |
| Microchip Technology Inc. | COM | 595017104 |  | 2915375 | 41500 | SH |  | SOLE |  | 41500 | 0 | 0 |
| Microsoft | COM | 594918104 |  | 3429447 | 14300 | SH |  | SOLE |  | 14300 | 0 | 0 |
| NetApp Inc. | COM | 64110d104 |  | 288288 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| Nucor Corporation | COM | 670346105 |  | 1496044 | 11350 | SH |  | SOLE |  | 11350 | 0 | 0 |
| Occidental Petroleum | COM | 674599105 |  | 1579915 | 25082 | SH |  | SOLE |  | 25082 | 0 | 0 |
| Open Joint Stock Co. Gazprom | COM | 368287207 |  | 0 | 128500 | SH |  | SOLE |  | 128500 | 0 | 0 |
| Oracle Corp. | COM | 68389X105 |  | 621224 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| Otis Worldwide Corp. | COM | 68902v107 |  | 309951 | 3958 | SH |  | SOLE |  | 3958 | 0 | 0 |
| Pepsico Inc. | COM | 713448108 |  | 2122394 | 11748 | SH |  | SOLE |  | 11748 | 0 | 0 |
| Petroleo Brasileiro S.A. | COM | 71654v408 |  | 594270 | 55800 | SH |  | SOLE |  | 55800 | 0 | 0 |
| Phillips 66 | COM | 718546104 |  | 634888 | 6100 | SH |  | SOLE |  | 6100 | 0 | 0 |
| ProLogis (New) | COM | 74340w103 |  | 508525 | 4511 | SH |  | SOLE |  | 4511 | 0 | 0 |
| ProShares Short S 500 | COM | 74347R503 |  | 6995075 | 436374 | SH |  | SOLE |  | 436374 | 0 | 0 |
| Procter  Gamble | COM | 742718109 |  | 24147145 | 159324 | SH |  | SOLE |  | 159324 | 0 | 0 |
| Public Storage | COM | 74460D109 |  | 1774443 | 6333 | SH |  | SOLE |  | 6333 | 0 | 0 |
| Qualcomm Inc. | COM | 747525103 |  | 560694 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| Rayonier Inc. | COM | 754907103 |  | 487808 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| Raytheon Technologies (frmly U | COM | 913017109 |  | 222024 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| Realty Income Corp. | COM | 756109104 |  | 218834 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| Regeneron Pharmaceuticals Inc | COM | 75886f107 |  | 909077 | 1260 | SH |  | SOLE |  | 1260 | 0 | 0 |
| Regions Financial Corporation | COM | 7591EP100 |  | 310464 | 14400 | SH |  | SOLE |  | 14400 | 0 | 0 |
| Sanofi-Aventis SA | COM | 80105N105 |  | 1162078 | 23995 | SH |  | SOLE |  | 23995 | 0 | 0 |
| Schlumberger Ltd. | COM | 806857108 |  | 604098 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| Shell plc (formerly Royal Dutc | COM | 780259305 |  | 367328 | 6450 | SH |  | SOLE |  | 6450 | 0 | 0 |
| Southern Company | COM | 842587107 |  | 1932783 | 27066 | SH |  | SOLE |  | 27066 | 0 | 0 |
| Target Stores | COM | 87612E106 |  | 1006020 | 6750 | SH |  | SOLE |  | 6750 | 0 | 0 |
| The Gabelli Healthcare and Wel | COM | 36246K103 |  | 1698256 | 165200 | SH |  | SOLE |  | 165200 | 0 | 0 |
| TotalEnergies SE (frmly Total | COM | 89151E109 |  | 3065697 | 49383 | SH |  | SOLE |  | 49383 | 0 | 0 |
| Transocean Ltd. | COM | 893817106 |  | 414139 | 90820 | SH |  | SOLE |  | 90820 | 0 | 0 |
| Trimble Navigation Ltd. | COM | 896239100 |  | 206689 | 4088 | SH |  | SOLE |  | 4088 | 0 | 0 |
| Unilever PLC | COM | 904767704 |  | 1051006 | 20874 | SH |  | SOLE |  | 20874 | 0 | 0 |
| Verizon Corporation | COM | 92343V104 |  | 1374942 | 34897 | SH |  | SOLE |  | 34897 | 0 | 0 |
| Vestas Wind Systems A/S | COM | 925458101 |  | 844844 | 88000 | SH |  | SOLE |  | 88000 | 0 | 0 |
| W.P. Carey Inc. | COM | 92936u109 |  | 1500089 | 19195 | SH |  | SOLE |  | 19195 | 0 | 0 |
| Weyerhaeuser Co. | COM | 962166104 |  | 1073592 | 34632 | SH |  | SOLE |  | 34632 | 0 | 0 |
| Invesco PureBeta 0-5 Yr US TIP | COM | 46138e495 |  | 1968273 | 80700 | SH |  | SOLE |  | 80700 | 0 | 0 |
| Pimco 1-5 Year U.S. TIPS Index | COM | 72201R205 |  | 7920603 | 158825 | SH |  | SOLE |  | 158825 | 0 | 0 |
| Pimco Enhanced Short Maturity | COM | 72201R833 |  | 1881749 | 19075 | SH |  | SOLE |  | 19075 | 0 | 0 |
| Schwab US TIPS ETF | COM | 808524870 |  | 1006124 | 19427 | SH |  | SOLE |  | 19427 | 0 | 0 |
| ASA (Bermuda) Limited | COM | G3156P103 |  | 565317 | 39505 | SH |  | SOLE |  | 39505 | 0 | 0 |
| Agnico Eagle Miners Limited | COM | 008474108 |  | 3602803 | 69298 | SH |  | SOLE |  | 69298 | 0 | 0 |
| Alamos Gold Inc | COM | 011532108 |  | 648051 | 64100 | SH |  | SOLE |  | 64100 | 0 | 0 |
| AngloGold Ashanti Ltd. | COM | 035128206 |  | 229739 | 11830 | SH |  | SOLE |  | 11830 | 0 | 0 |
| BHP Billiton Ltd. | COM | 088606108 |  | 827747 | 13340 | SH |  | SOLE |  | 13340 | 0 | 0 |
| Barrick Gold Corporation | COM | 067901108 |  | 220763 | 12850 | SH |  | SOLE |  | 12850 | 0 | 0 |
| Franco-Nevada Corp. | COM | 351858105 |  | 4138483 | 30323 | SH |  | SOLE |  | 30323 | 0 | 0 |
| Freeport McMoRan Inc. | COM | 35671D857 |  | 2215400 | 58300 | SH |  | SOLE |  | 58300 | 0 | 0 |
| Hecla Mining | COM | 422704106 |  | 171148 | 30782 | SH |  | SOLE |  | 30782 | 0 | 0 |
| IAMGOLD Corporation | COM | 450913108 |  | 130117 | 50433 | SH |  | SOLE |  | 50433 | 0 | 0 |
| Kinross Gold Corporation | COM | 496902404 |  | 348124 | 85116 | SH |  | SOLE |  | 85116 | 0 | 0 |
| Market Vectors Gold Miners ETF | COM | 57060U100 |  | 298064 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| Newcrest Mining Limited | COM | Q6651B114 |  | 165939 | 11795 | SH |  | SOLE |  | 11795 | 0 | 0 |
| Newmont Goldcorp   (fmly.Newmo | COM | 651639106 |  | 5820374 | 123313 | SH |  | SOLE |  | 123313 | 0 | 0 |
| Norilsk Nickel Mining  Metall | COM | 55315J102 |  | 0 | 31900 | SH |  | SOLE |  | 31900 | 0 | 0 |
| NovaGold Resources Inc. | COM | 66987E206 |  | 142922 | 23900 | SH |  | SOLE |  | 23900 | 0 | 0 |
| Pan American Silver Corp. | COM | 697900108 |  | 1781567 | 109031 | SH |  | SOLE |  | 109031 | 0 | 0 |
| Sprott Physical Gold  Silver | COM | 85208R101 |  | 4312653 | 240527 | SH |  | SOLE |  | 240527 | 0 | 0 |
| Sprott Physical Gold Trust | COM | 85207H104 |  | 2531049 | 179507 | SH |  | SOLE |  | 179507 | 0 | 0 |
| Sprott Physical Silver Trust | COM | 852075107 |  | 1636876 | 198650 | SH |  | SOLE |  | 198650 | 0 | 0 |
| Vale S.A. | COM | 91912E105 |  | 884137 | 52100 | SH |  | SOLE |  | 52100 | 0 | 0 |
| Wheaton Precious Metals (Silve | COM | 828336107 |  | 2540825 | 65016 | SH |  | SOLE |  | 65016 | 0 | 0 |
| Yamana Gold Inc. | COM | 98462Y100 |  | 2278941 | 410620 | SH |  | SOLE |  | 410620 | 0 | 0 |

---