Systrade AG

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), Systrade AG reported 4 stock positions worth $82.6 million. Its top holding was Alpha Metallurgical Resource (AMR) at 96.3% of the portfolio, followed by Shell PLC-ADR (SHEL, 2.0%) and Biontech SE-ADR (BNTX, 1.1%). Compared with Q4 2023, it sold out of 2, added to 1 and reduced 1. The biggest buy was YPF S.A.-Sponsored ADR (YPF, shares +25%) and the biggest sale an exit from T-Mobile US (TMUS).

Most Recent 13F
Q2 2026
Location
VADUZ, N2
CIK
0001818160
Portfolio Value
$82.6M (Q1 2024)
SEC Filing
0001085146-24-001807 ↗ filed Apr 16, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $82.6M $82.6M Q1 2024 Q2 2024: $58.4M Q2 2024 Q3 2024: $47.6M Q3 2024 Q4 2024: $58.6M Q4 2024 Q1 2025: $71.8M Q1 2025 Q2 2025: $88.3M Q2 2025 Q3 2025: $135.4M Q3 2025 Q4 2025: $163.9M Q4 2025 Q1 2026: $149.0M Q1 2026 Q2 2026: $159.7M Q2 2026

Holdings 4 stocks · $82.6M
AMR Alpha Metallurgical Resource 96.25% 240,000 $79.5M Reduce -11.1%
SHEL Shell PLC-ADR 2.03% 25,000 $1.7M No change
BNTX Biontech SE-ADR 1.12% 10,000 $923K No change
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.60% 25,000 $495K Add +25.0%

Portfolio Sells Q4 2023 → Q1 2024
TMUS T-Mobile US Inc. Sold out 0.00% −14.51
METC Ramaco Resources Inc. Class A Sold out 0.00% −0.37
AMR Alpha Metallurgical Resource Reduce -11.1% 96.25% +13.87

Portfolio Buys Q4 2023 → Q1 2024
YPF YPF S.A.-Sponsored ADR Add +25.0% 0.60% +0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$159.7MAMR, IBKR, UBS, NTRA, CRESY
Q1 2026 11$149.0MAMR, IBKR, UBS, CRESY, NTRA
Q4 2025 15$163.9MAMR, IBKR, UBS, CRESY, NTRA
Q3 2025 12$135.4MB, IBKR, UBS, CRESY, LOMA
Q2 2025 13$88.3MB, UBS, AMZN, NEM, CRESY
Q1 2025 13$71.8MB, UBS, NEM, CRESY, YPF
Q4 2024 13$58.6MB, UBS, NEM, YPF, CRESY
Q3 2024 7$47.6MB, UBS, VAL, BABA, BNTX
Q2 2024 5$58.4MAMR, UBS, BNTX, YPF, SHEL
Q1 2024 4$82.6MAMR, SHEL, BNTX, YPF