Systrade AG

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Systrade AG reported 13 stock positions worth $71.8 million. Its top holding was Barrick Gold (B) at 54.1% of the portfolio, followed by UBS Group AG-Reg (UBS, 25.2%) and Newmont (NEM, 6.8%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 2 and reduced 3. The biggest buy was UBS Group AG-Reg (UBS, shares +20%) and the biggest sale an exit from Alibaba Group Holding-SP ADR (BABA).

Most Recent 13F
Q2 2026
Location
VADUZ, N2
CIK
0001818160
Portfolio Value
$71.8M (Q1 2025)
SEC Filing
0001085146-25-002022 ↗ filed Apr 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $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 $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 13 stocks · $71.8M
B Barrick Gold Corp. 54.15% 2,000,300 $38.9M No change
UBS UBS Group AG-Reg 25.18% 595,000 $18.1M Add +20.2%
NEM Newmont Corp. 6.79% 101,000 $4.9M No change
CRESY Cresud S.A.-Spons ADR 2.69% 174,912 $1.9M Add +19.6%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 2.20% 45,000 $1.6M No change
VAL Valaris Ltd. 2.19% 40,000 $1.6M No change
IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A 1.86% 103,601 $1.3M No change
BNTX Biontech SE-ADR 1.27% 10,000 $911K No change
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 1.27% 50,200 $910K Reduce -28.3%
VIST Vista Energy Sab DE CV 0.79% 12,166 $566K New
GGAL Grupo Financiero Galicia-ADR 0.77% 10,167 $554K Reduce -32.2%
BMA Banco Macro SA-ADR 0.66% 6,300 $476K Reduce -37.0%
LOMA Loma Negra Cia Ind-Spon ADR 0.18% 12,000 $132K No change

Portfolio Sells Q4 2024 → Q1 2025
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −1.45
BBAR Bbva Argentina SA-ADR Reduce -28.3% 1.27% −1.01
BMA Banco Macro SA-ADR Reduce -37.0% 0.66% −0.99
GGAL Grupo Financiero Galicia-ADR Reduce -32.2% 0.77% −0.82

Portfolio Buys Q4 2024 → Q1 2025
UBS UBS Group AG-Reg Add +20.2% 25.18% +3.89
VIST Vista Energy Sab DE CV New 0.79% +0.79
CRESY Cresud S.A.-Spons ADR Add +19.6% 2.69% −0.46

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