Systrade AG Diversified Active

CIK: 0001818160 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 12, 2026

Total Value ($000): $163,928 (100.0% shares, 0.0% debt)

Holdings (15)

New Positions (7)

AMR ALPHA METALLURGICAL RESOUR I 34.1%

Value ($000) $55,966 Shares 280,000 Est. Cost $172.83 Unrealized 0.0%

NTRA NATERA INC 7.0%

Value ($000) $11,455 Shares 50,000 Est. Cost $208.59 Unrealized 0.0%

AMZN AMAZON COM INC 4.8%

Value ($000) $7,825 Shares 33,900 Est. Cost $228.79 Unrealized 0.0%

GPN GLOBAL PMTS INC 0.9%

Value ($000) $1,548 Shares 20,000 Est. Cost $80.29 Unrealized 0.0%

TGS TRANSPORTADORA DE GAS SUR 0.5%

Value ($000) $777 Shares 25,000 Est. Cost $31.09 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.5%

Value ($000) $755 Shares 1 Est. Cost $746423.56 Unrealized 0.0%

TSLA TESLA INC 0.3%

Value ($000) $450 Shares 1,000 Est. Cost $443.29 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMR	ALPHA METALLURGICAL RESOUR I	280,000	$55,966	34.1%	$172.83	0.0%	COM	020764106
NTRA	NATERA INC	50,000	$11,455	7.0%	$208.59	0.0%	COM	632307104
AMZN	AMAZON COM INC	33,900	$7,825	4.8%	$228.79	0.0%	COM	023135106
GPN	GLOBAL PMTS INC	20,000	$1,548	0.9%	$80.29	0.0%	COM	37940X102
TGS	TRANSPORTADORA DE GAS SUR	25,000	$777	0.5%	$31.09	—	SPONSORED ADS B	893870204
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$755	0.5%	$746423.56	0.0%	CL A	084670108
TSLA	TESLA INC	1,000	$450	0.3%	$443.29	0.0%	COM	88160R101

Increased Positions (4)

CRESY CRESUD S A C I F Y A 8.2%

Value ($000) $13,451 (+298.8%) Shares 1,064,993 (+190.5%) Est. Cost $12.12 Unrealized —

GGAL GRUPO FINANCIERO GALICIA S.A 1.5%

Value ($000) $2,427 (+252.3%) Shares 45,000 (+80.0%) Est. Cost $49.67 Unrealized —

YPF YPF SOCIEDAD ANONIMA 1.1%

Value ($000) $1,808 (+65.4%) Shares 50,000 (+11.1%) Est. Cost $29.48 Unrealized —

IRS IRSA INVERSIONES Y REP S A 1.2%

Value ($000) $1,981 (+52.1%) Shares 119,780 (+8.9%) Est. Cost $10.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRESY	CRESUD S A C I F Y A	1,064,993 (+190.5%)	$13,451 (+298.8%)	8.2%	$12.12	—	SPONSORED ADR	226406106
GGAL	GRUPO FINANCIERO GALICIA S.A	45,000 (+80.0%)	$2,427 (+252.3%)	1.5%	$49.67	—	SPONSORED ADR	399909100
YPF	YPF SOCIEDAD ANONIMA	50,000 (+11.1%)	$1,808 (+65.4%)	1.1%	$29.48	—	SPON ADR CL D	984245100
IRS	IRSA INVERSIONES Y REP S A	119,780 (+8.9%)	$1,981 (+52.1%)	1.2%	$10.50	—	SPON GDS ECH 10	450047303

Exited Positions (4)

B BARRICK MNG CORP 38.0%

Value ($000) $62,263 Shares 1,900,000 Est. Cost $19.29 Unrealized +94.0%

VAL VALARIS LTD 1.2%

Value ($000) $1,951 Shares 40,000 Est. Cost $56.82 Unrealized -5.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.5%

Value ($000) $754 Shares 1 Est. Cost $507.86 Unrealized -2.0%

BBAR BANCO BBVA ARGENTINA S A 0.2%

Value ($000) $250 Shares 30,000 Est. Cost $19.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
B	BARRICK MNG CORP	1,900,000	$62,263	38.0%	$19.29	+94.0%	—	06849F108
VAL	VALARIS LTD	40,000	$1,951	1.2%	$56.82	-5.5%	—	G9460G101
BRK/B	BERKSHIRE HATHAWAY INC DEL	1	$754	0.5%	$507.86	-2.0%	—	084670702
BBAR	BANCO BBVA ARGENTINA S A	30,000	$250	0.2%	$19.06	—	—	058934100

Decreased Positions (1)

LOMA LOMA NEGRA C I A S A MTN 14 2.0%

Value ($000) $3,238 (+14.7%) Shares 250,000 (-34.7%) Est. Cost $9.45 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LOMA	LOMA NEGRA C I A S A MTN 14	250,000 (-34.7%)	$3,238 (+14.7%)	2.0%	$9.45	—	SPONSORED ADS	54150E104

Unchanged Positions (3)

UBS UBS GROUP AG 17.8%

Value ($000) $29,141 Shares 625,000 Est. Cost $30.60 Unrealized +32.1%

IBKR INTERACTIVE BROKERS GROUP IN 19.6%

Value ($000) $32,155 Shares 500,000 Est. Cost $62.79 Unrealized +6.5%

BNTX BIONTECH SE 0.6%

Value ($000) $952 Shares 10,000 Est. Cost $116.39 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBS	UBS GROUP AG	625,000	$29,141	17.8%	$30.60	+32.1%	SHS	H42097107
IBKR	INTERACTIVE BROKERS GROUP IN	500,000	$32,155	19.6%	$62.79	+6.5%	COM CL A	45841N107
BNTX	BIONTECH SE	10,000	$952	0.6%	$116.39	—	SPONSORED ADS	09075V102