Instuitional Investor - Systrade Ag

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Barrick Gold Corp	GOLD	2,000,300	$31,004,650	52.89%
2.	U B S Ag	UBS	495,000	$12,478,500	21.29%
3.	Newmont Corp	NEM	101,000	$3,759,220	6.41%
4.	Y P F Sociedad Anonima	YPF	45,000	$1,912,950	3.26%
5.	Cresud Sociedad Anonima Comercial Inmobiliaria Financiera Y Agropecuaria	CRESY	146,281	$1,847,529	3.15%