Systrade AG
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 9, 2025), Systrade AG reported 13 stock positions worth $88.3 million. Its top holding was Barrick Mining (B) at 47.2% of the portfolio, followed by UBS Group AG-Reg (UBS, 23.7%) and Amazon.com (AMZN, 7.6%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 1. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Vista Energy Sab DE CV (VIST).
- Most Recent 13F
- Q2 2026
- Location
- VADUZ, N2
- CIK
- 0001818160
- Portfolio Value
- $88.3M (Q2 2025)
- SEC Filing
- 0001085146-25-003686 ↗ filed Jul 9, 2025
Holdings Value
Holdings 13 stocks · $88.3M
| B Barrick Mining Corp. | 47.16% | 2,000,000 | $41.6M | No change |
| UBS UBS Group AG-Reg | 23.71% | 625,000 | $20.9M | Add +5.0% |
| AMZN Amazon.com Inc. | 7.57% | 30,484 | $6.7M | New |
| NEM Newmont Corp. | 6.66% | 101,000 | $5.9M | No change |
| CRESY Cresud S.A.-Spons ADR | 3.41% | 280,063 | $3.0M | Add +60.1% |
| LOMA Loma Negra Cia Ind-Spon ADR | 2.70% | 217,699 | $2.4M | Add +1714.2% |
| VAL Valaris Ltd. | 1.91% | 40,000 | $1.7M | No change |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 1.74% | 110,000 | $1.5M | Add +6.2% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.67% | 45,000 | $1.5M | No change |
| BNTX Biontech SE-ADR | 1.21% | 10,000 | $1.1M | No change |
| GGAL Grupo Financiero Galicia-ADR | 0.87% | 15,167 | $764K | Add +49.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 1 | $729K | New |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.56% | 30,000 | $494K | Reduce -40.2% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | New | 7.57% | +7.57 |
| LOMA Loma Negra Cia Ind-Spon ADR | Add +1714.2% | 2.70% | +2.52 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.83% | +0.83 |
| CRESY Cresud S.A.-Spons ADR | Add +60.1% | 3.41% | +0.72 |
| GGAL Grupo Financiero Galicia-ADR | Add +49.2% | 0.87% | +0.09 |
| IRS Irsa -SP ADR | Add +6.2% | 1.74% | −0.13 |
| UBS UBS Group AG-Reg | Add +5.0% | 23.71% | −1.47 |
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 |