Helikon Investments Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), Helikon Investments Ltd reported 18 stock positions worth $3.3 billion. Its top holding was Skeena Resources (SKE) at 13.4% of the portfolio, followed by Abivax SA-ADR (ABVX, 11.1%) and Eldorado Gold (EGO, 10.4%). Compared with Q1 2026, it opened 2 new positions, sold out of 1, added to 12 and reduced 4. The biggest buy was a new position in Eldorado Gold (EGO) and the biggest sale Allied Gold (AAUC, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001839497
- Portfolio Value
- $3.3B (Q2 2026)
- SEC Filing
- 0001839497-26-000003 ↗ filed Aug 11, 2026
Holdings Value
Holdings 18 stocks · $3.3B
| SKE Skeena Resources Ltd. | 13.40% | 16,822,865 | $448.5M | Add +2.2% |
| ABVX Abivax SA-ADR | 11.10% | 2,787,131 | $371.4M | Add +175.1% |
| EGO Eldorado Gold Corp. | 10.38% | 11,180,130 | $347.6M | New |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 10.23% | 13,594,321 | $342.3M | Add +3.3% |
| AAUC Allied Gold Corp. | 8.21% | 11,563,292 | $275.0M | Reduce -5.8% |
| PPLI People Inc. | 7.79% | 5,652,519 | $260.9M | Add +60.7% |
| SGHC Super Group SGHC Ltd. | 6.99% | 17,263,516 | $233.9M | Add +83.2% |
| SVM Silvercorp Metals Inc. | 5.26% | 17,437,340 | $176.1M | Add +8.2% |
| FLUT Flutter Entertainment PLC-Di | 4.78% | 1,565,150 | $159.9M | Add +8.7% |
| SLSR Solaris Resources Inc. | 4.75% | 18,955,119 | $158.8M | Add +21.9% |
| CNL Collective Mining Ltd. | 3.90% | 10,655,062 | $130.5M | Reduce -3.0% |
| QGEN Qiagen N.V. | 3.60% | 3,085,155 | $120.6M | Add +70.6% |
| MGM MGM Resorts International | 2.89% | 2,024,930 | $96.8M | Reduce -29.6% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 2.26% | 4,906,222 | $75.8M | Add +10.8% |
| NEWP New Pacific Metals Corp. | 2.21% | 18,438,377 | $74.1M | Add +85.6% |
| HSLV Highlander Silver Corp. | 1.11% | 8,009,594 | $37.3M | Add +54.9% |
| AEM Agnico Eagle Mines Ltd. | 0.68% | 146,103 | $22.7M | New |
| EDN Emp Distrib Y Comerc Nor-ADR filed as EMPRESA DIST Y COMERCIAL NOR | 0.45% | 607,528 | $15.2M | Reduce -54.4% |
Portfolio Sells Q1 2026 → Q2 2026
Portfolio Buys Q1 2026 → Q2 2026
| EGO Eldorado Gold Corp. | New | 10.38% | +10.38 |
| ABVX Abivax SA-ADR | Add +175.1% | 11.10% | +6.84 |
| SGHC Super Group SGHC Ltd. | Add +83.2% | 6.99% | +3.14 |
| PPLI People Inc. | Add +60.7% | 7.79% | +2.48 |
| QGEN Qiagen N.V. | Add +70.6% | 3.60% | +0.87 |
| AEM Agnico Eagle Mines Ltd. | New | 0.68% | +0.68 |
| NEWP New Pacific Metals Corp. | Add +85.6% | 2.21% | +0.66 |
| HSLV Highlander Silver Corp. | Add +54.9% | 1.11% | −0.03 |
| SLSR Solaris Resources Inc. | Add +21.9% | 4.75% | −0.29 |
| IRS Irsa -SP ADR | Add +10.8% | 2.26% | −0.45 |
| FLUT Flutter Entertainment PLC-Di | Add +8.7% | 4.78% | −0.76 |
| SVM Silvercorp Metals Inc. | Add +8.2% | 5.26% | −1.27 |
| CAAP Corp. America Airports SA | Add +3.3% | 10.23% | −2.35 |
| SKE Skeena Resources Ltd. | Add +2.2% | 13.40% | −5.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $3.3B | SKE, ABVX, EGO, CAAP, AAUC |
| Q1 2026 | 17 | $2.6B | SKE, AAUC, CAAP, CNL, SVM |
| Q4 2025 | 16 | $1.9B | AAUC, SKE, CAAP, CNL, MGM |
| Q3 2025 | 16 | $1.4B | SKE, AAUC, CAAP, CNL, MGM |
| Q2 2025 | 18 | $1.6B | MGM, CAAP, SKE, AAUC, CNL |
| Q1 2025 | 20 | $1.3B | CAAP, EGO, AGRO, SKE, VEON |
| Q4 2024 | 18 | $949.8M | EGO, CAAP, VEON, SKE, VIST |
| Q3 2024 | 18 | $1.1B | EGO, CAAP, VIST, VEON, PAM |
| Q2 2024 | 17 | $1.1B | EGO, VIST, CAAP, YPF, VEON |
| Q1 2024 | 16 | $1.1B | EGO, VIST, YPF, CAAP, IAG |