Managers / Q4 2022 · view latest →
Systrade AG
CIK 0001818160 · LANDSTRASSE 63, VADUZ, N2, 9490 · 004237923020
Summary
Systrade AG reported $116M in U.S.-listed holdings across 9 positions for Q4 2022.
The portfolio is heavily concentrated: TECK/B alone accounts for 32.6% of reported value.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 70.8% · $82M
- ADR · 16.3% · $19M
- ETP · 12.9% · $15M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TECK/BTECK RESOURCES LTD | NEW | +1.00M | 1.00M | +$38M | $38M |
| AMRALPHA METALLURGICAL RESOUR I | NEW | +213.3K | 213.3K | +$31M | $31M |
| SHELSHELL PLC | NEW | +300.0K | 300.0K | +$17M | $17M |
| SPDR SER TR | NEW | +110.0K | 110.0K | +$15M | $15M |
| EXMOCEXXON MOBIL CORP | NEW | +115.9K | 115.9K | +$13M | $13M |
| BNTXBIONTECH SE | NEW | +10.0K | 10.0K | +$2M | $2M |
| BPBP PLC | NEW | +10.0K | 10.0K | +$349,300 | $349,300 |
| ESTEEUREARTHSTONE ENERGY INC | NEW | +20.0K | 20.0K | +$284,600 | $284,600 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TECK/BTECK RESOURCES LTDhistory → | CL B | 32.59% | $38M | 1.00M |
| 2 | AMRALPHA METALLURGICAL RESOUR Ihistory → | COM | 26.90% | $31M | 213.3K |
| 3 | SHELSHELL PLChistory → | SPON ADS | 14.72% | $17M | 300.0K |
| 4 | SPDR SER TR | S&P OILGAS EXP | 12.88% | $15M | 110.0K |
| 5 | EXMOCEXXON MOBIL CORPhistory → | COM | 11.02% | $13M | 115.9K |
| 6 | BNTXBIONTECH SEhistory → | SPONSORED ADS | 1.29% | $2M | 10.0K |
| 7 | BPBP PLC | SPONSORED ADR | 0.30% | $349,300 | 10.0K |
| 8 | ESTEEUREARTHSTONE ENERGY INC | CL A | 0.25% | $284,600 | 20.0K |
| 9 | EPSNEPSILON ENERGY LTD | COM | 0.06% | $66,300 | 10.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2026 | $160M | 14 | Jul 7, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2026 | $149M | 11 | Apr 8, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $164M | 15 | Jan 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $135M | 12 | Oct 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $88M | 13 | Jul 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $72M | 13 | Apr 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $59M | 13 | Jan 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $48M | 7 | Oct 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $58M | 5 | Jul 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $83M | 4 | Apr 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $111M | 6 | Jan 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $116M | 6 | Oct 5, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $82M | 8 | Jul 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $168M | 10 | Apr 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $116M | 9 | Jan 27, 2023 | 13F-HR | changes · 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 ↗.