# EDGAR Filing Document

**Accession Number:** 0001696494
**File Stem:** 0001085146-23-000400
**Filing Date:** 2023-1
**Character Count:** 11488
**Document Hash:** 8d14599fa8448fd37aea75379f517199
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000400.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001085146-23-000400

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**EFFECTIVENESS DATE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sicart Associates LLC
- **CENTRAL INDEX KEY:** 0001696494
- **IRS NUMBER:** 813444857

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17641
- **FILM NUMBER:** 23559639

**BUSINESS ADDRESS:**
- **STREET 1:** 152 WEST 57TH STREET, 54TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 646-606-0290

**MAIL ADDRESS:**
- **STREET 1:** 152 WEST 57TH STREET, 54TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Sicart Associates LLC<br>**Address:** 152 WEST 57TH STREET 54TH FLOOR<br>NEW YORK, NY 10019

**Form 13F File Number:** 028-17641

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:** Yibo (Allen) Huang<br>**Title:** Chief Compliance Officer<br>**Phone:** 646-606-0290

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

/s/ Yibo Huang  New York, NY  01-27-2023<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:** 74

**Form 13F Information Table Value Total:** $283639208

      (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 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 3899373 | 11587 | SH |  | SOLE |  | 11587 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 798390 | 11098 | SH |  | SOLE |  | 11098 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 | BBG001Y2XS16 | 2596806 | 30372 | SH |  | SOLE |  | 30372 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 | BBG001S7SBP9 | 14585478 | 67133 | SH |  | SOLE |  | 67133 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 | BBG001SCF1B9 | 1374224 | 6516 | SH |  | SOLE |  | 6516 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 7099427 | 80465 | SH |  | SOLE |  | 80465 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 665280 | 7920 | SH |  | SOLE |  | 7920 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 4344469 | 33437 | SH |  | SOLE |  | 33437 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 6530266 | 354713 | SH |  | SOLE |  | 354713 | 0 | 0 |
| AUTODESK INC | COM | 052769106 | BBG001S5SCD4 | 317679 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 504231 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 | BBG001T0CNW6 | 78107 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 455200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BARCLAYS BANK PLC | IPTH SR B S | 06747R477 | BBG00JQ5JX14 | 1779642 | 126037 | SH |  | SOLE |  | 126037 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 1868165 | 927 | SH |  | SOLE |  | 927 | 0 | 0 |
| BUNGE LIMITED | COM | G16962105 | BBG001SJ9BG4 | 13622895 | 136543 | SH |  | SOLE |  | 136543 | 0 | 0 |
| CAMPBELL SOUP CO | COM | 134429109 | BBG001S5Q2B0 | 5185248 | 91370 | SH |  | SOLE |  | 91370 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 403003 | 1820 | SH |  | SOLE |  | 1820 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 | BBG001S5PX50 | 4029857 | 28717 | SH |  | SOLE |  | 28717 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 6540953 | 102829 | SH |  | SOLE |  | 102829 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 3946602 | 123563 | SH |  | SOLE |  | 123563 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 228250 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 2630299 | 30275 | SH |  | SOLE |  | 30275 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 264069 | 2749 | SH |  | SOLE |  | 2749 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 575325 | 5216 | SH |  | SOLE |  | 5216 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 7809485 | 44792 | SH |  | SOLE |  | 44792 | 0 | 0 |
| FORTUNA SILVER MINES INC | COM | 349915108 | BBG001S982M0 | 3414968 | 910658 | SH |  | SOLE |  | 910658 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 12319046 | 143495 | SH |  | SOLE |  | 143495 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 | BBG006D97VZ8 | 2665328 | 97990 | SH |  | SOLE |  | 97990 | 0 | 0 |
| HECLA MNG CO | COM | 422704106 | BBG001S5RXF7 | 71168 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 379032 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 | BBG001SF4NY1 | 4249637 | 21017 | SH |  | SOLE |  | 21017 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 5955868 | 225345 | SH |  | SOLE |  | 225345 | 0 | 0 |
| INTERNATIONAL TOWER HILL MIN | COM | 46050R102 | BBG001S6QLK6 | 4805 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 | BBG001SB7RD1 | 9301165 | 246258 | SH |  | SOLE |  | 246258 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 | BBG001SQLN69 | 738066 | 33518 | SH |  | SOLE |  | 33518 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 315735 | 2082 | SH |  | SOLE |  | 2082 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 | BBG001SSD803 | 1945584 | 17700 | SH |  | SOLE |  | 17700 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 1092934 | 6187 | SH |  | SOLE |  | 6187 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 | BBG001S5R0C2 | 65440 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 14336027 | 352150 | SH |  | SOLE |  | 352150 | 0 | 0 |
| LUOKUNG TECHNOLOGY CORP | SHS | G56981106 | BBG00MZ7L8Q8 | 867664 | 5730941 | SH |  | SOLE |  | 5730941 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 | BBG001S7S2B4 | 217590 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 2678564 | 7703 | SH |  | SOLE |  | 7703 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 1654178 | 6277 | SH |  | SOLE |  | 6277 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 1308574 | 16691 | SH |  | SOLE |  | 16691 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 11483496 | 102825 | SH |  | SOLE |  | 102825 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 5217581 | 43357 | SH |  | SOLE |  | 43357 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 259006 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 | BBG001S7LJN1 | 6664993 | 151926 | SH |  | SOLE |  | 151926 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 9741066 | 33034 | SH |  | SOLE |  | 33034 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 200640 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | BBG00JM9SM69 | 8840984 | 120388 | SH |  | SOLE |  | 120388 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 5258315 | 73832 | SH |  | SOLE |  | 73832 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 266448 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| PINDUODUO INC | SPONSORED ADS | 722304102 | BBG00LBLDFH8 | 686406 | 8417 | SH |  | SOLE |  | 8417 | 0 | 0 |
| PROSHARES TR | ULTRAPRO SHT QQQ | 74347G432 | BBG001T6S3C2 | 367484 | 6804 | SH |  | SOLE |  | 6804 | 0 | 0 |
| PTC THERAPEUTICS INC | COM | 69366J200 | BBG001SNNC86 | 312040 | 8175 | SH |  | SOLE |  | 8175 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 203499 | 1851 | SH |  | SOLE |  | 1851 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | BBG001S6PX49 | 339100 | 470 | SH |  | SOLE |  | 470 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 430142 | 1670 | SH |  | SOLE |  | 1670 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 | BBG001S5W4C8 | 10265849 | 191403 | SH |  | SOLE |  | 191403 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 28918531 | 170470 | SH |  | SOLE |  | 170470 | 0 | 0 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 | BBG001STKCW9 | 2993356 | 32725 | SH |  | SOLE |  | 32725 | 0 | 0 |
| SPDR SER TR | S METALS MNG | 78464A755 | BBG001SMH2W0 | 747150 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 | BBG001T96GD0 | 1085513 | 131737 | SH |  | SOLE |  | 131737 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 2289834 | 23083 | SH |  | SOLE |  | 23083 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 8600472 | 112498 | SH |  | SOLE |  | 112498 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 | BBG001TC94B9 | 5093477 | 69299 | SH |  | SOLE |  | 69299 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 | BBG001V10VR2 | 1428529 | 79451 | SH |  | SOLE |  | 79451 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 1800735 | 34817 | SH |  | SOLE |  | 34817 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | BBG001S5XBY7 | 5068108 | 135656 | SH |  | SOLE |  | 135656 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 6128179 | 148418 | SH |  | SOLE |  | 148418 | 0 | 0 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 | BBG0042V6JN7 | 3234179 | 47744 | SH |  | SOLE |  | 47744 | 0 | 0 |

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