NPORT-P
false
0000836267
XXXXXXXX
S000067900
C000217709
C000217710
SCM Trust
811-05617
0000836267
254900SUSEM61EA08I06
1125 17th Street, Ste. 2550
Denver
80202-1805
800-955-9988
ICON EQUITY FUND
S000067900
2549003HA4R16ERI1H91
2026-12-31
2026-03-31
N
47385284.92
230881.25
47154403.67
0
0
0
0
0
0
0
0
0
0
0
0
0
0
N
NVIDIA Corp.
549300S4KLFTLO7GSQ80
NVIDIA Corp. COM
67066G104
2500
NS
USD
436000
0.9246220206
Long
EC
CORP
US
N
1
N
N
N
Armstrong World Industries, Inc.
KXMRXXOJ88Q45Y45MG74
Armstrong World Industries, Inc. COM
04247X102
12800
NS
USD
2109440
4.4734740254
Long
EC
CORP
US
N
1
N
N
N
Alamo Group Inc
54930080C93RVZRSDV26
Alamo Group Inc COM
011311107
7400
NS
USD
1220778
2.5888950023
Long
EC
CORP
US
N
1
N
N
N
MasterCard Incorporated
AR5L2ODV9HN37376R084
MasterCard Incorporated CL A
57636Q104
1427
NS
USD
713014.82
1.5120853293
Long
EC
CORP
US
N
1
N
N
N
Global Payments Inc
549300NOMHGVQBX6S778
Global Payments Inc COM
37940X102
11837
NS
USD
796630.1
1.6894076438
Long
EC
CORP
US
N
1
N
N
N
LPL Financial Holdings Inc.
549300XROQ4Y8G2L7682
LPL Financial Holdings Inc. COM
50212V100
6800
NS
USD
2045644
4.3381823134
Long
EC
CORP
US
N
1
N
N
N
First American Funds Inc.
549300J5J5SJCZ9IA369
First American Funds Inc. GOVT OBLIGS X
31846V336
106668.68999999999
OU
STIV
USD
106668.69
0.226211513
Long
STIV
RF
US
N
1
N
N
N
Bank of America Corp.
9DJT3UXIJIZJI4WXO774
Bank of America Corp. COM
060505104
32488
NS
USD
1583790
3.3587319036
Long
EC
CORP
US
N
1
N
N
N
Century Aluminum Company
549300U5ODNGEYWKSW73
Century Aluminum Company COM
156431108
48200
NS
USD
2828858
5.9991385318
Long
EC
CORP
US
N
1
N
N
N
Ceva Inc
529900G9T7CVU2J2VU73
Ceva Inc COM
157210105
29500
NS
USD
551060
1.1686289235
Long
EC
CORP
US
N
1
N
N
N
The Chemours Company LLC
549300M1BOLNXL8DOV14
The Chemours Company LLC COM
163851108
65800
NS
USD
1449574
3.0741010111
Long
EC
CORP
US
N
1
N
N
N
Delta Air Lines Inc.
Q2CCMS6R0AS67HJMBN42
Delta Air Lines Inc. COM NEW
247361702
26900
NS
USD
1788312
3.7924602175
Long
EC
CORP
US
N
1
N
N
N
Direxion Shares ETF Trust
549300M501IVJM50FG12
Direxion Shares ETF Trust DAILY SMALL CAP BULL 3X ETF
25459W847
8450
NS
USD
372898.5
0.7908031297
Long
EC
RF
US
N
1
N
N
N
Douglas Dynamics Inc.
529900CDFLKNQ0QT6580
Douglas Dynamics Inc. COM
25960R105
40750
NS
USD
1715167.5
3.6373432098
Long
EC
CORP
US
N
1
N
N
N
Euronet Worldwide, Inc.
YG3575C4DSHJPA5KET68
Euronet Worldwide, Inc. COM
298736109
11683
NS
USD
775400.71
1.6443866313
Long
EC
CORP
US
N
1
N
N
N
Extreme Networks Inc.
549300WRECW11X94UB57
Extreme Networks Inc. COM
30226D106
80000
NS
USD
1206400
2.5584036826
Long
EC
CORP
US
N
1
N
N
N
Gildan Activewear Inc.
549300SB3IBI34M00Z45
Gildan Activewear Inc. COM
375916103
23600
NS
USD
1313340
2.7851905608
Long
EC
CORP
CA
N
1
N
N
N
Horace Mann Educators Corporation
254900G5YAV3A2YK8T32
Horace Mann Educators Corporation COM
440327104
48800
NS
USD
2082784
4.4169448406
Long
EC
CORP
US
N
1
N
N
N
International Paper Co.
824LMFJDH41EY779Q875
International Paper Co. COM
460146103
31700
NS
USD
1131690
2.3999667304
Long
EC
CORP
US
N
1
N
N
N
iShares Trust
5493000860OXIC4B5K91
iShares Trust MSCI ACWI ETF
464288257
1500
NS
USD
207555
0.440160375
Long
EC
RF
US
N
1
N
N
N
JPMorgan Chase & Co.
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co. COM
46625H100
6850
NS
USD
2014996
4.2731873233
Long
EC
CORP
US
N
1
N
N
N
Kaiser Aluminium Corporation
N/A
Kaiser Aluminium Corporation COM PAR $0.01
483007704
21100
NS
USD
2542761
5.3924147102
Long
EC
CORP
US
N
1
N
N
N
Lazard Inc
254900RIBCDJSUFG1A11
Lazard Inc COM
52110M109
31600
NS
USD
1342368
2.8467500287
Long
EC
CORP
US
N
1
N
N
N
Lincoln National Corp.
EFQMQROEDSNBRIP7LE47
Lincoln National Corp. COM
534187109
47900
NS
USD
1700450
3.6061319148
Long
EC
CORP
US
N
1
N
N
N
MSC Industrial Direct Co Inc.
0XVKH0LN6YGOWO2EGO17
MSC Industrial Direct Co Inc. CL A
553530106
17750
NS
USD
1637792.5
3.4732546115
Long
EC
CORP
US
N
1
N
N
N
Magna International Inc
95RWVLFZX6VGDZNNTN43
Magna International Inc COM
559222401
27100
NS
USD
1512451
3.2074438065
Long
EC
CORP
CA
N
1
N
N
N
Phillips 66
5493005JBO5YSIGK1814
Phillips 66 COM
718546104
9100
NS
USD
1657838
3.5157649572
Long
EC
CORP
US
N
1
N
N
N
Synaptics Incorporated
549300AJ3LI4FWNRQX29
Synaptics Incorporated COM
87157D109
9900
NS
USD
693396
1.4704798408
Long
EC
CORP
US
N
1
N
N
N
RH
5493008MTS3OGGMHGK69
RH COM
74967X103
6350
NS
USD
887857
1.8828718654
Long
EC
CORP
US
N
1
N
N
N
Vodafone Group PLC
213800TB53ELEUKM7Q61
Vodafone Group PLC SPONSORED ADR
92857W308
78800
NS
USD
1183576
2.5100009922
Long
EC
CORP
GB
N
1
N
N
N
Southwest Airlines Co.
UDTZ87G0STFETI6HGH41
Southwest Airlines Co. COM
844741108
22400
NS
USD
841568
1.7847071207
Long
EC
CORP
US
N
1
N
N
N
Stanley Black & Decker, Inc.
549300DJ09SMTO561131
Stanley Black & Decker, Inc. COM
854502101
19200
NS
USD
1364352
2.8933713372
Long
EC
CORP
US
N
1
N
N
N
Truist Financial Corp.
549300DRQQI75D2JP341
Truist Financial Corp. COM
89832Q109
39100
NS
USD
1797427
3.8117903316
Long
EC
CORP
US
N
1
N
N
N
Seagate Technology Holdings PLC
635400RUXIFEZSRU8X70
Seagate Technology Holdings PLC ORD SHS
G7997R103
9590
NS
USD
3756978.4
7.967396696
Long
EC
CORP
IE
N
1
N
N
N
2026-06-01
SCM Trust
/s/ Gregory Pusch
Gregory Pusch
General Counsel and CCO
XXXX