Systrade AG

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Systrade AG reported 12 stock positions worth $135.4 million. Its top holding was Barrick Mining (B) at 46.0% of the portfolio, followed by Interactive Brokers Gro Class A (IBKR, 25.4%) and UBS Group AG-Reg (UBS, 18.8%). Compared with Q2 2025, it opened 1 new position, sold out of 2, added to 3 and reduced 1. The biggest buy was a new position in Interactive Brokers Gro Class A (IBKR) and the biggest sale an exit from Amazon.com (AMZN).

Most Recent 13F
Q2 2026
Location
VADUZ, N2
CIK
0001818160
Portfolio Value
$135.4M (Q3 2025)
SEC Filing
0001085146-25-005872 ↗ filed Oct 9, 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 Q1 2025 Q2 2025: $88.3M Q2 2025 Q3 2025: $135.4M $135.4M Q3 2025 Q4 2025: $163.9M Q4 2025 Q1 2026: $149.0M Q1 2026 Q2 2026: $159.7M Q2 2026

Holdings 12 stocks · $135.4M
B Barrick Mining Corp. 45.98% 1,900,000 $62.3M Reduce -5.0%
IBKR Interactive Brokers Gro Class A 25.41% 500,000 $34.4M New
UBS UBS Group AG-Reg 18.84% 625,000 $25.5M No change
CRESY Cresud S.A.-Spons ADR 2.49% 366,652 $3.4M Add +30.9%
LOMA Loma Negra Cia Ind-Spon ADR 2.08% 382,944 $2.8M Add +75.9%
VAL Valaris Ltd. 1.44% 40,000 $2.0M No change
IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A 0.96% 110,000 $1.3M No change
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.81% 45,000 $1.1M No change
BNTX Biontech SE-ADR 0.73% 10,000 $986K No change
BRK.B Berkshire Hathaway Inc. Class B 0.56% 1 $754K No change
GGAL Grupo Financiero Galicia-ADR 0.51% 25,000 $689K Add +64.8%
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 0.18% 30,000 $250K No change

Portfolio Sells Q2 2025 → Q3 2025
AMZN Amazon.com Inc. Sold out 0.00% −7.57
NEM Newmont Corp. Sold out 0.00% −6.66
B Barrick Mining Corp. Reduce -5.0% 45.98% −1.18

Portfolio Buys Q2 2025 → Q3 2025
IBKR Interactive Brokers Gro Class A New 25.41% +25.41
GGAL Grupo Financiero Galicia-ADR Add +64.8% 0.51% −0.36
LOMA Loma Negra Cia Ind-Spon ADR Add +75.9% 2.08% −0.62
CRESY Cresud S.A.-Spons ADR Add +30.9% 2.49% −0.92

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