Rainer-Marc Frey has recently increased his ownership in Leonteq, a financial firm based in Zurich that specializes in structured products.

Currently, Frey holds 6.2 percent of the company. This decision comes after Leonteq experienced a significant drop in its share price, declining by 12 percent due to the company's fourth profit warning in recent years.

Despite the ongoing struggles of the stock, which fell below CHF 20 on Friday, Frey's investment strategy seems to be based on the belief in a potential recovery for Leonteq.

It is worth noting that if Frey's vehicle, H21 Macro Limited, surpasses the 10 percent reporting threshold, disclosure to the stock exchange will be required.

Interestingly, there was a surge in Leonteq shares just before the market closed on Thursday, indicating a possible shift in market sentiment despite the recent downturn.