SEC 13F Intelligence

Managers / Q2 2026

Systrade AG

CIK 0001818160 · LANDSTRASSE 63, VADUZ, N2, 9490 · 004237923020

Reported Value
$160M
Q2 2026
Positions
14
Filings on Record
15
2019–present window
Filed
Jul 7, 2026
original filing

Summary

Systrade AG reported $160M in U.S.-listed holdings across 14 positions for Q2 2026.

The portfolio is heavily concentrated: AMR alone accounts for 28.9% of reported value.

Compared with Q1 2026, the fund opened 3 new positions and exited 0.

Portfolio Metrics

Turnover
+8.5%
vs prior filed quarter
Top-10 Concentration
+98.6%
share of reported value
Largest Position
+28.9%
Alpha Metallurgical Resour I

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’22: $116MQ4 ’22Q1 ’23: $168MQ2 ’23: $82MQ2 ’23Q3 ’23: $116MQ4 ’23: $111MQ4 ’23Q1 ’24: $83MQ2 ’24: $58MQ2 ’24Q3 ’24: $48MQ4 ’24: $59MQ4 ’24Q1 ’25: $72MQ2 ’25: $88MQ2 ’25Q3 ’25: $135MQ4 ’25: $164MQ4 ’25Q1 ’26: $149MQ2 ’26: $160MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 67.3%Other: 19.5%ADR: 13.1%
  • Common Stock · 67.3% · $108M
  • Other · 19.5% · $31M
  • ADR · 13.1% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2026 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMZNAMAZON COM INCNEW+10.1K10.1K+$2M$2M
TRANSPORTADORA DE GAS DEL SUNEW+25.0K25.0K+$743,250$743,250
NU HLDGS LTDNEW+10.0K10.0K+$133,600$133,600
AMRALPHA METALLURGICAL RESOUR IHELD+0280.0K−$11M$46M
IBKRINTERACTIVE BROKERS GROUP INHELD+0500.0K+$10M$44M
UBS GROUP AGHELD+0627.3K+$7M$31M
NTRANATERA INCHELD+050.0K+$4M$14M
CD8CRESUD S A C I F Y AHELD+01.10M−$2M$12M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2026

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMRALPHA METALLURGICAL RESOUR Ihistory →COM28.91%$46M280.0K
2IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A27.24%$44M500.0K
3UBS GROUP AGSHS19.46%$31M627.3K
4NTRANATERA INChistory →COM8.50%$14M50.0K
5CD8CRESUD S A C I F Y Ahistory →SPONSORED ADR7.72%$12M1.10M
6LOMA NEGRA C I A S A MTN 14SPONSORED ADS1.79%$3M250.0K
7AMZNAMAZON COM INChistory →COM1.51%$2M10.1K
8GGALGRUPO FINANCIERO GALICIA S.Ahistory →SPONSORED ADR1.41%$2M45.0K
9IRSIRSA INVERSIONES Y REP S Ahistory →SPON GDS ECH 101.16%$2M119.8K
10GPNGLOBAL PMTS INCCOM0.91%$1M20.0K
11BNTXBIONTECH SESPONSORED ADS0.58%$930,50010.0K
12TRANSPORTADORA DE GAS DEL SUSPONSORED ADS B0.47%$743,25025.0K
13TSLATESLA INCCOM0.26%$420,6001.0K
14NU HLDGS LTDORD SHS CL A0.08%$133,60010.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$160M14Jul 7, 202613F-HRchanges · EDGAR ↗
Q1 2026$149M11Apr 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$164M15Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$135M12Oct 9, 202513F-HRchanges · EDGAR ↗
Q2 2025$88M13Jul 9, 202513F-HRchanges · EDGAR ↗
Q1 2025$72M13Apr 10, 202513F-HRchanges · EDGAR ↗
Q4 2024$59M13Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$48M7Oct 9, 202413F-HRchanges · EDGAR ↗
Q2 2024$58M5Jul 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$83M4Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$111M6Jan 10, 202413F-HRchanges · EDGAR ↗
Q3 2023$116M6Oct 5, 202313F-HRchanges · EDGAR ↗
Q2 2023$82M8Jul 24, 202313F-HRchanges · EDGAR ↗
Q1 2023$168M10Apr 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$116M9Jan 27, 202313F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.