Helikon Investments Ltd
CIK 1839497 · View on SEC EDGAR ↗
- Portfolio value
- $3.3B
- Positions
- 18
- As of
- June 30, 2026
#1,078 of 9,443 by 13F value · top 11.4%
Portfolio value QoQ: +26.4% 13F does not disclose cash
- Top 10 holdings weight
- 82.88%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 16
- Effective number of positions
- 12.3
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 5.36% Est. buys $991,207,337 · sells $160,786,362
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 50.0% still held
- New positions
- 2
- Increased
- 12
- Decreased
- 4
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Materials
32.7%
Healthcare
14.7%
Consumer Discretionary
14.7%
Industrials
10.2%
Communication Services
7.8%
Real Estate
2.3%
Utilities
0.5%
Other/Unmapped
17.2%
Full portfolio 18 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SKE Skeena Resources Limited Common Shares | $448,497,581 | 13.40% | 16,822,865 | $-40,778,767 | Up ×2 | ||
| ABVX Abivax SA - American Depositary Shares | $371,413,077 | 11.10% | 2,787,131 | $258,579,450 | Up ×1 | ||
| EGO Eldorado Gold Corporation Ordinary Shares | $347,590,242 | 10.38% | 11,180,130 | ||||
| CAAP Corporacion America Airports SA Common Shares | $342,305,003 | 10.23% | 13,594,321 | $9,356,463 | Up ×1 | ||
| AAUC Allied Gold Corporation Common Shares | $274,975,084 | 8.21% | 11,563,292 | $-105,954,066 | Down ×2 | ||
| IAC IAC Inc. - Common Stock | $260,920,277 | 7.79% | 5,652,519 | $120,078,165 | Up ×3 | ||
| SGHC Super Group (SGHC) Limited Ordinary Shares | $233,920,642 | 6.99% | 17,263,516 | $132,133,860 | Up ×1 | ||
| SVM | $176,117,134 | 5.26% | 17,437,340 | $3,037,587 | Up ×1 | ||
| FLUT Flutter Entertainment plc Ordinary Shares | $159,911,376 | 4.78% | 1,565,150 | $13,128,863 | Up ×1 | ||
| SLSR | $158,843,897 | 4.75% | 18,955,119 | $25,460,547 | Up ×5 | ||
| CNL Collective Mining Ltd. - Common Stock | $130,524,510 | 3.90% | 10,655,062 | $-62,821,174 | Down ×1 | ||
| QGEN Qiagen N.V. Common Shares | $120,629,561 | 3.60% | 3,085,155 | $48,237,681 | Up ×1 | ||
| MGM MGM Resorts International Common Stock | $96,811,903 | 2.89% | 2,024,930 | $-9,591,995 | Down ×4 | ||
| IRS IRSA Inversiones Y Representaciones S.A. Global Depositary Shares (Each representing ten shares of Common Stock) | $75,752,068 | 2.26% | 4,906,222 | $3,962,744 | Up ×6 | ||
| NEWP | $74,122,276 | 2.21% | 18,438,377 | $32,986,478 | Up ×2 | ||
| Unknown issuer (CUSIP: 43087N204) | $37,324,708 | 1.12% | 8,009,594 | $6,914,395 | Up ×1 | ||
| AEM Agnico Eagle Mines Limited Common Stock | $22,664,958 | 0.68% | 146,103 | Up ×1 | |||
| EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) American Depositary Shares | $15,163,899 | 0.45% | 607,528 | $-24,811,153 | Down ×3 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| IAC | $260,920,277 | 7.79% | up ×3 |
| SLSR | $158,843,897 | 4.75% | up ×5 |
| IRS | $75,752,068 | 2.26% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| ABVX | Bought more | +1.8M | +$258.6M |
| SGHC | Bought more | +7.8M | +$132.1M |
| IAC | Bought more | +2.1M | +$120.1M |
| AAUC | Trimmed | -709K | -$106.0M |
| CNL | Trimmed | -324K | -$62.8M |
| QGEN | Bought more | +1.3M | +$48.2M |
| SKE | Bought more | +360K | -$40.8M |
| NEWP | Bought more | +8.5M | +$33.0M |
| SLSR | Bought more | +3.4M | +$25.5M |
| EDN | Trimmed | -724K | -$24.8M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| EGO | Sept. 30, 2025 | 4,760,879 | $96,836,279 | 54.7% |
| TGS | June 30, 2026 | 2,347,333 | $81,241,195 | -5.1% |
| VIST | March 31, 2025 | 1,238,561 | $67,018,536 | 52.0% |
| IHS | March 31, 2026 | 8,780,288 | $65,500,948 | 1.6% |
| PAM | March 31, 2026 | 565,449 | $50,047,891 | -9.5% |
| EQX | Sept. 30, 2025 | 7,699,497 | $44,272,108 | No longer tracked |
| CZR | June 30, 2025 | 1,164,049 | $29,101,225 | 4.5% |
| CCIR | Sept. 30, 2025 | 2,492,592 | $27,343,734 | No longer tracked |
| BVN | June 30, 2025 | 1,707,359 | $26,686,021 | 114.5% |
| AGRO | Sept. 30, 2025 | 2,825,500 | $25,825,070 | 37.6% |
| SGHC | March 31, 2025 | 3,234,022 | $20,147,957 | 103.9% |
| VEON | March 31, 2026 | 344,522 | $18,111,522 | 22.9% |
| ENIC | June 30, 2025 | 4,498,563 | $14,710,301 | 21.8% |
| CRESY | Dec. 31, 2025 | 395,181 | $3,635,665 | -12.0% |
| LOMA | Dec. 31, 2025 | 242,501 | $1,787,232 | -27.6% |
| IFS | March 31, 2026 | 31,223 | $1,322,606 | 9.0% |
| RNW | June 30, 2025 | 210,288 | $1,238,596 | -1.3% |
| GRFS | March 31, 2025 | 78,010 | $580,394 | 13.6% |
| BTG | March 31, 2026 | 56,760 | $255,988 | No longer tracked |