DOSSIER · 13F-HR · Q2 2026

Systrade AG

$160M in tracked AUM across 14 positions as of Q2 2026.

SA
CIK 0001818160 · last filed Jun 30, 2026
Total AUM
$160M
as of Q2 2026
Holdings
14
positions
Whale Score
71
71
strong
Activity
no data
changes this Q
AI Analysis · Q2 2026

SEC 13F Filing Analysis: Systrade AG Report Period: Q4 2025 (Filed December 31, 2025) CIK: 0001818160

1. Portfolio Overview

Systrade AG manages a concentrated portfolio totaling approximately $163.93 million across 15 holdings. The firm executed a significant strategic pivot during the quarter, evidenced by a +31.0% increase in portfolio value (rising from $125.12 million) and a substantial overhaul of its asset allocation. The portfolio is highly concentrated, with the ...

2. Key Holdings

The portfolio is dominated by three major positions, each representing a distinct thematic bet:

  • Alpha Metallurgical Resources (AMR) – 34.14%: This is the portfolio's largest holding, valued at $55.97 million. This massive stake indicates a strong conviction in the metallurgical coal sector or specific thermal coal markets. By allocating over a third of the portfolio to AMR, Systrade AG is exposing the fund heavily to commodity price cycles and energy markets.
  • Interactive Brokers Group (IBKR) – 19.62%: The second-largest holding, valued at $32.16 million, represents a significant play on the financial services and trading infrastructure sector. This position suggests the manager sees value in the brokerage sector, potentially benefiting from market volatility or increased retail trading volume.
  • UBS Group AG – 17.78%: Valued at $29.14 million, this position reinforces the financial tilt of the portfolio. Combined with IBKR, financial services (excluding the "Unknown" category which likely contains foreign equities not categorized by standard GICS) represents a major portion of the fund's core assets.

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
AMR
ALPHA METALLURGICAL RESOUR I
$46M280K28.9%
02
IBKR
INTERACTIVE BROKERS GROUP IN
$44M500K27.2%
03
H42097107
UBS GROUP AG
$31M627K19.5%
04
NTRA
NATERA INC
$14M50K8.5%
05
CRESY
CRESUD S A C I F Y A
$12M1.1M7.7%
06
LOMA
LOMA NEGRA C I A S A MTN 14
$3M250K1.8%
07
AMZN
AMAZON COM INC
$2M10K1.5%
08
GGAL
GRUPO FINANCIERO GALICIA S.A
$2M45K1.4%
09
IRS
IRSA INVERSIONES Y REP S A
$2M120K1.2%
10
GPN
GLOBAL PMTS INC
$1M20K0.9%

Filing history

2026Q2Jun 30
$160M 7.2%
14 positionsView →
2026Q1Mar 31
$149M 9.1%
11 positionsView →
2025Q4Dec 31
$164M 31.0%
15 positionsView →
2025Q3Sep 30
$125M 41.7%
5 positionsView →
2025Q2Jun 30
$88M 308.6%
13 positionsLocked
2025Q1Mar 31
$22M 63.1%
5 positionsLocked
2024Q4Dec 31
$59M 23.2%
13 positionsLocked
2024Q3Sep 30
$48M 18.6%
7 positionsLocked
2024Q2Jun 30
$58M 29.2%
5 positionsLocked
2024Q1Mar 31
$83M 25.7%
4 positionsLocked
2023Q4Dec 31
$111M 3.8%
6 positionsLocked
2023Q3Sep 30
$116M 40.0%
6 positionsLocked
Showing 12 of 15