Systrade AG
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Systrade AG reported 13 stock positions worth $58.6 million. Its top holding was Barrick Gold (B) at 52.9% of the portfolio, followed by UBS Group AG-Reg (UBS, 21.3%) and Newmont (NEM, 6.4%). Compared with Q3 2024, it opened 6 new positions and added to 5. The biggest buy was a new position in Newmont (NEM).
- Most Recent 13F
- Q2 2026
- Location
- VADUZ, N2
- CIK
- 0001818160
- Portfolio Value
- $58.6M (Q4 2024)
- SEC Filing
- 0001085146-25-000264 ↗ filed Jan 16, 2025
Holdings Value
Holdings 13 stocks · $58.6M
| B Barrick Gold Corp. | 52.90% | 2,000,300 | $31.0M | Add +42.9% |
| UBS UBS Group AG-Reg | 21.29% | 495,000 | $12.5M | Add +2.1% |
| NEM Newmont Corp. | 6.41% | 101,000 | $3.8M | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 3.26% | 45,000 | $1.9M | Add +80.0% |
| CRESY Cresud S.A.-Spons ADR | 3.15% | 146,281 | $1.8M | New |
| VAL Valaris Ltd. | 3.02% | 40,000 | $1.8M | Add +100.0% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 2.28% | 70,000 | $1.3M | New |
| BNTX Biontech SE-ADR | 1.79% | 10,000 | $1.1M | No change |
| BMA Banco Macro SA-ADR | 1.65% | 10,000 | $968K | New |
| GGAL Grupo Financiero Galicia-ADR | 1.59% | 15,000 | $935K | New |
| BABA Alibaba Group Holding-SP ADR | 1.45% | 10,000 | $848K | No change |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.96% | 103,601 | $560K | Add +3.6% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.24% | 12,000 | $143K | New |
Portfolio Sells Q3 2024 → Q4 2024
| None this quarter. | |||
Portfolio Buys Q3 2024 → Q4 2024
| NEM Newmont Corp. | New | 6.41% | +6.41 |
| CRESY Cresud S.A.-Spons ADR | New | 3.15% | +3.15 |
| YPF YPF S.A.-Sponsored ADR | Add +80.0% | 3.26% | +2.31 |
| BBAR Bbva Argentina SA-ADR | New | 2.28% | +2.28 |
| BMA Banco Macro SA-ADR | New | 1.65% | +1.65 |
| GGAL Grupo Financiero Galicia-ADR | New | 1.59% | +1.59 |
| VAL Valaris Ltd. | Add +100.0% | 3.02% | +0.66 |
| LOMA Loma Negra Cia Ind-Spon ADR | New | 0.24% | +0.24 |
| IRS Irsa -SP ADR | Add +3.6% | 0.96% | −1.12 |
| B Barrick Gold Corp. | Add +42.9% | 52.90% | −6.15 |
| UBS UBS Group AG-Reg | Add +2.1% | 21.29% | −9.79 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $159.7M | AMR, IBKR, UBS, NTRA, CRESY |
| Q1 2026 | 11 | $149.0M | AMR, IBKR, UBS, CRESY, NTRA |
| Q4 2025 | 15 | $163.9M | AMR, IBKR, UBS, CRESY, NTRA |
| Q3 2025 | 12 | $135.4M | B, IBKR, UBS, CRESY, LOMA |
| Q2 2025 | 13 | $88.3M | B, UBS, AMZN, NEM, CRESY |
| Q1 2025 | 13 | $71.8M | B, UBS, NEM, CRESY, YPF |
| Q4 2024 | 13 | $58.6M | B, UBS, NEM, YPF, CRESY |
| Q3 2024 | 7 | $47.6M | B, UBS, VAL, BABA, BNTX |
| Q2 2024 | 5 | $58.4M | AMR, UBS, BNTX, YPF, SHEL |
| Q1 2024 | 4 | $82.6M | AMR, SHEL, BNTX, YPF |