Helikon Investments Ltd

CIK

1839497

Location

LONDON, X0

Portfolio Value

Mid $2,648,555,107

Diversification

Diversified

Filing Date

Global Rank

#1,020 / 8,622 ▲ 254 · as of Mar 2026

Top Industry

Gold 21.7%

3Y Alpha vs SPY

+30.0%

Period ended 4 months ago

Filed May 8, 2026 · 3mo

22 quarters · since Dec 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+229.6%

SPY

+67.9%

Annualised alpha

+30.0%

Max drawdown

−19.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

17 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

18.5%

−1.6 pts

Top 5

59.3%

−13.7 pts

Top 10

83.4%

−9.9 pts

HHI

966

Diversified−394

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	54.4%	$1,441,560,187	7
Consumer Cyclical	13.4%	$354,973,191	3
Industrials	12.6%	$332,948,540	1
Healthcare	7.0%	$185,225,506	2
Communication Services	5.3%	$140,842,112	1
Energy	3.1%	$81,241,195	1
Real Estate	2.7%	$71,789,324	1
Utilities	1.5%	$39,975,052	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
NEWP	New Pacific Metals Corp	+7,642,644	9,936,183	$41,135,797
SLSR	Solaris Resources Inc.	+6,523,773	15,545,845	$133,383,350
PPLI	People Inc	+1,651,972	3,518,414	$140,842,112
SKE	Skeena Resources Ltd	+634,156	16,462,865	$489,276,347
CNL	Collective Mining Ltd.	+329,064	10,979,312	$193,345,684
IRS	Irsa Investments & Representations Inc	+286,217	4,428,706	$71,789,324
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
AAUC	Allied Gold Corp	−4,226,296	12,272,202	$380,929,150
TGS	Gas Transporter Of The South Inc	−935,932	2,347,333	$81,241,195
CAAP	Corporacion America Airports S.A.	−400,735	13,165,225	$332,948,540
EDN	Edenor	−269,702	1,331,614	$39,975,052
MGM	MGM Resorts International	−113,769	2,875,004	$106,403,898
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
SVM	Silvercorp Metals Inc	16,115,414	$173,079,546
FLUT	Flutter Entertainment plc	1,439,750	$146,782,512
ABVX	Abivax S.A.	1,013,324	$112,833,627
SGHC	Super Group (SGHC) Ltd	9,424,702	$101,786,781
QGEN	Qiagen N.V.	1,807,989	$72,391,879
HSLV	Highlander Silver Corp.	5,171,822	$30,410,313
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
IHS	IHS Holding Ltd	8,780,288	$65,500,948
PAM	Pampa Energy Inc.	565,449	$50,047,890
VEON	VEON Ltd.	344,522	$18,111,521
IFS	Intercorp Financial Services Inc.	31,223	$1,322,606
BTG	B2gold Corp	56,760	$255,987
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

17 tracked positions · $2,648,555,107 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Healthcare Industrials Real Estate Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SKE	Skeena Resources Ltd Basic Materials	Reduced	16,462,865	-15,194,553	$489,276,347	−34.9%	18.47%
AAUC	Allied Gold Corp Basic Materials	Reduced	12,272,202	-4,226,296	$380,929,150	+0.9%	14.38%
CAAP	Corporacion America Airports S.A. Industrials	Reduced	13,165,225	-400,735	$332,948,540	−5.6%	12.57%
CNL	Collective Mining Ltd. Basic Materials	Added	10,979,312	+329,064	$193,345,684	+24.4%	7.30%
SVM	Silvercorp Metals Inc Basic Materials	NEW	16,115,414	NEW	$173,079,546	NEW	6.53%
FLUT	Flutter Entertainment plc Consumer Cyclical	NEW	1,439,750	NEW	$146,782,512	NEW	5.54%
PPLI	People Inc Communication Services	Added	3,518,414	+1,651,972	$140,842,112	+93.0%	5.32%
SLSR	Solaris Resources Inc. Basic Materials	Reduced	15,545,845	-2,498,299	$133,383,350	−7.3%	5.04%
ABVX	Abivax S.A. Healthcare	NEW	1,013,324	NEW	$112,833,627	NEW	4.26%
MGM	MGM Resorts International Consumer Cyclical	Reduced	2,875,004	-113,769	$106,403,898	−2.4%	4.02%
SGHC	Super Group (SGHC) Ltd Consumer Cyclical	NEW	9,424,702	NEW	$101,786,781	NEW	3.84%
TGS	Gas Transporter Of The South Inc Energy	Reduced	2,347,333	-935,932	$81,241,195	−20.4%	3.07%
QGEN	Qiagen N.V. Healthcare	NEW	1,807,989	NEW	$72,391,879	NEW	2.73%
IRS	Irsa Investments & Representations Inc Real Estate	Reduced	4,428,706	-3,848,263	$71,789,324	−47.6%	2.71%
NEWP	New Pacific Metals Corp Basic Materials	Added	9,936,183	+7,642,644	$41,135,797	+411.0%	1.55%
EDN	Edenor Utilities	Reduced	1,331,614	-269,702	$39,975,052	−16.7%	1.51%
HSLV	Highlander Silver Corp. Basic Materials	NEW	5,171,822	NEW	$30,410,313	NEW	1.15%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.