SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Systrade AG

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

Reported Value
$88M
Q2 2025
Positions
13
Filings on Record
15
2019–present window
Filed
Jul 9, 2025
original filing

Summary

Systrade AG reported $88M in U.S.-listed holdings across 13 positions for Q2 2025.

The portfolio is heavily concentrated: B alone accounts for 47.2% of reported value.

Compared with Q1 2025, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+50.5%
vs prior filed quarter
Top-10 Concentration
+97.7%
share of reported value
Largest Position
+47.2%
Barrick Mng
New / Exited
3 / 3
positions this quarter

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: 62.2%Other: 25.6%ADR: 12.2%
  • Common Stock · 62.2% · $55M
  • Other · 25.6% · $23M
  • ADR · 12.2% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BBARRICK MNG CORPNEW+2.00M2.00M+$42M$42M
AMZNAMAZON COM INCNEW+30.5K30.5K+$7M$7M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+11+$728,800$728,800
LOMA NEGRA C I A S A MTN 14ADDED+205.7K217.7K+$2M$2M
ABXBARRICK GOLD CORPSOLD OUT−2.00M0−$39M$0
VISTA ENERGY S.A.B. DE C.V.SOLD OUT−12.2K0−$566,448$0
BMABANCO MACRO SASOLD OUT−6.3K0−$475,713$0
CD8CRESUD S A C I F Y AADDED+105.2K280.1K+$1M$3M

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

Holdings — Q2 2025

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BBARRICK MNG CORPhistory →COM SHS47.16%$42M2.00M
2UBS GROUP AGSHS23.71%$21M625.0K
3AMZNAMAZON COM INChistory →COM7.57%$7M30.5K
4NEMNEWMONT CORPhistory →COM6.66%$6M101.0K
5CD8CRESUD S A C I F Y Ahistory →SPONSORED ADR3.41%$3M280.1K
6LOMA NEGRA C I A S A MTN 14SPONSORED ADS2.70%$2M217.7K
7VALARIS LTDCL A1.91%$2M40.0K
8IRSIRSA INVERSIONES Y REP S Ahistory →SPON GDS ECH 101.74%$2M110.0K
9YPF SOCIEDAD ANONIMASPON ADR CL D1.67%$1M45.0K
10BNTXBIONTECH SEhistory →SPONSORED ADS1.21%$1M10.0K
11GGALGRUPO FINANCIERO GALICIA S.ASPONSORED ADR0.87%$764,26515.2K
12BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.83%$728,8001
13BFPBANCO BBVA ARGENTINA S ASPONSORED ADS0.56%$493,80030.0K

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 ↗.