SA
Systrade AG — 13F Portfolio Analysis & Stock Picks (Q3 2026)
Systrade AGCIK: 0001818160
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$197.4M
Reporting period: 2026-09-30 · Number of holdings: 12
Systrade AG disclosed 12 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $197.4M and a quarterly turnover rate of 34.5%.
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Personality snowflake
- Concentration
- 68.11
- Portfolio Stability
- 34.48
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 24
- Sizing Uniformity
- 89.33
Systrade AG's disclosed holdings carry a Herfindahl concentration index of 0.170 — mathematically equivalent to about 6 equally-sized positions, well below its 12 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.07), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 6.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd TSLA
+10000.0% $35.4M
Trim AMR
-10.7% -$4.1M
Trim IBKR
0.0% -$810.0K
Trim UBS
+12.4% $2.9M
Add NTRA
0.0% $7.1M
Sold out AMZN
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IBKR | Interactive Brokers Gro-cl A | Stock-Financials | 21.64% | -5.60% | — | |
| 2 | AMR | Alpha Metallurgical Resource | Stock-Other | 21.31% | -7.60% | -10.71% | |
| 3 | TSLA | Tesla Inc | Stock-Consumer Disc | 18.16% | +17.90% | +10000.00% | |
| 4 | UBS | UBS Group AG | Stock-Financials | 17.20% | -2.26% | +12.42% | |
| 5 | NTRA | Natera Inc | Stock-Healthcare | 10.47% | +1.97% | — | |
| 6 | CRESY | Cresud S.a.-spons Adr | Stock-Other | 6.41% | -1.31% | — | |
| 7 | LOMA | Loma Negra Cia Ind-spon Adr | Stock-Other | 1.19% | -0.60% | -9.88% | |
| 8 | NU | Nu Holdings Ltd. | Stock-Financials | 0.90% | +0.82% | +1300.00% | |
| 9 | HCC | Warrior Met Coal Inc | Stock-Materials | 0.89% | +0.89% | NEW | |
| 10 | IRS | Irsa -sp Adr | Stock-Other | 0.84% | -0.32% | — | |
| 11 | GPN | Global Payments Inc | Stock-Industrials | 0.83% | -0.08% | — | |
| 12 | EMBJ | Embraer Sa-spon Adr | Stock-Industrials | 0.18% | +0.18% | NEW |
Portfolio Performance
Performance for Q4 2026
+10.4%
Performance Last 4 Quarters
+62%
- Stdev
- +33.7%
- Beta
- +0.7
- Alpha
- +14%
- Max Drawdown
- -43.5%
- Annualized Perf
- +27.5%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +1.62
- Stutzer
- +0.26
- Treynor
- +0.43
- Sterling
- +0.86
- Calmar
- +0.63
- Information Ratio
- +0.21
- Tracking Error
- +32.9%
- Stdev Down
- +18.5%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +107.1%
- Worst 12 Months
- -32%
- Efficiency Ratio
- +0.37
- Sharpe
- +0.89
- Stdev Sectors
- +20.5%
- Skewness
- +0.1
- Kurtosis
- -0.37
- Upside Potential
- +3.41
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 12 | $197.4M | 34 | ||
| 2026 Q2 | 14 | $159.7M | 24 | ||
| 2026 Q1 | 11 | $149.0M | 14 | ||
| 2025 Q4 | 15 | $163.9M | 100 | ||
| 2025 Q3 | 12 | $135.4M | 100 | ||
| 2025 Q2 | 13 | $88.3M | 0 | ||
| 2025 Q1 | 13 | $71.8M | 0 | ||
| 2024 Q4 | 13 | $58.6M | 0 | ||
| 2024 Q3 | 7 | $47.6M | 0 | ||
| 2024 Q2 | 5 | $58.4M | 0 | ||
| 2024 Q1 | 4 | $82.6M | 0 | ||
| 2023 Q4 | 6 | $111.1M | 0 | ||
| 2023 Q3 | 6 | $115.5M | 0 | ||
| 2023 Q2 | 8 | $82.5M | 0 | ||
| 2023 Q1 | 10 | $168.3M | 0 | ||
| 2022 Q4 | 9 | $116.1M | 0 |
Holding changes this quarter
Systrade AG's most significant position changes for 2026-09-30: Sold out: Amazon.com Inc (AMZN); Sold out: Grupo Financiero Galicia-adr (GGAL); New buy: Warrior Met Coal Inc (HCC); Sold out: Biontech Se-adr (BNTX); Sold out: Transportador Gas-adr Sp B (TGS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | +17.9% | +10000.00% | Add |
| 2 | NTRA | Natera Inc | +2% | — | Unchanged |
| 3 | HCC | Warrior Met Coal Inc | +0.9% | NEW | New buy |
| 4 | NU | Nu Holdings Ltd. | +0.8% | +1300.00% | Add |
| 5 | EMBJ | Embraer Sa-spon Adr | +0.2% | NEW | New buy |
| 6 | GPN | Global Payments Inc | -0.1% | — | Unchanged |
| 7 | IRS | Irsa -sp Adr | -0.3% | — | Unchanged |
| 8 | TGS | Transportador Gas-adr Sp B | -0.5% | EXIT | Sold out |
| 9 | BNTX | Biontech Se-adr | -0.6% | EXIT | Sold out |
| 10 | LOMA | Loma Negra Cia Ind-spon Adr | -0.6% | -9.88% | Trim |
| 11 | CRESY | Cresud S.a.-spons Adr | -1.3% | — | Unchanged |
| 12 | GGAL | Grupo Financiero Galicia-adr | -1.4% | EXIT | Sold out |
| 13 | AMZN | Amazon.com Inc | -1.5% | EXIT | Sold out |
| 14 | UBS | UBS Group AG | -2.3% | +12.42% | Add |
| 15 | IBKR | Interactive Brokers Gro-cl A | -5.6% | — | Unchanged |
| 16 | AMR | Alpha Metallurgical Resource | -7.6% | -10.71% | Trim |
Filing History
FAQ
What is Systrade AG and what type of investor is it?
Systrade AG is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $197.4M, spread across 12 disclosed positions.
What are Systrade AG's largest equity positions?
Based on the latest 13F filing, Systrade AG's top holdings by market value are:
1. Interactive Brokers Gro-cl A (IBKR) — $42.7M (21.6%)
2. Alpha Metallurgical Resource (AMR) — $42.1M (21.3%)
3. Tesla Inc (TSLA) — $35.8M (18.2%)
4. UBS Group AG (UBS) — $33.9M (17.2%)
5. Natera Inc (NTRA) — $20.7M (10.5%)
What changes did Systrade AG make in its most recent portfolio filing?
In the latest reported quarter, Systrade AG made 11 notable position adjustments: 2 new positions were initiated, 3 existing holdings were added to, 2 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Amazon.com Inc (AMZN); Sold out: Grupo Financiero Galicia-adr (GGAL); New buy: Warrior Met Coal Inc (HCC); Sold out: Biontech Se-adr (BNTX); Sold out: Transportador Gas-adr Sp B (TGS)
What sectors does Systrade AG focus on?
Systrade AG is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 56.6%
• Consumer Discretionary: 25.9%
• Health Care: 14.9%
• Industrials: 1.4%
• Materials: 1.3%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Systrade AG returned an annualized 27.5% over the trailing 36 months — outperforming the S&P 500 by 14.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.70 (less volatile than the market) and a 56% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 56.6% of the portfolio concentrated in Financials.
Its turnover score has fallen from 100 to 34 over the past 4 quarters — a shift toward longer holding periods.
It has added to its NTRA position over the past two quarters (+$10.7M, now $20.7M), while trimming AMR over the same stretch (-$15.4M, still holding $42.1M).
Peer Institutions
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TR
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JH
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AA
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GW
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Developer Access
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REST API
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