Helikon Investments portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 11, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Helikon Investments reported a $3.3 bn portfolio of 18 positions to the SEC as of the end of Q2 2026. Its largest positions are SKE, ABVX, EGO. During the quarter it opened Eldorado Gold and Agnico Eagle Mines and exited Transportadora De Gas DEL SU.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Helikon Investments has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
- 13G/ACollective MiningCNL10.6 % → 9.7 %
Stake reported in the company · event of Oct 31, 2026 · filed Nov 4, 2026 · filing ↗
Stake reported in the company · event of Sep 30, 2026 · filed Oct 6, 2026 · filing ↗
- 13G/ASilvercorp MetalsSVM7.3 % → 10.3 %
Stake reported in the company · event of Aug 31, 2026 · filed Sep 3, 2026 · filing ↗
Stake reported in the company · event of Aug 31, 2026 · filed Sep 3, 2026 · filing ↗
- 13G/ANew Pacific MetalsNEWP10 % → 10.7 %
Stake reported in the company · event of Jul 31, 2026 · filed Sep 1, 2026 · filing ↗
Stake reported in the company · event of Jun 30, 2026 · filed Jul 9, 2026 · filing ↗
- 13G/AOrezone GoldORZCF10.9 % → 12.5 %
Stake reported in the company · event of Jun 30, 2026 · filed Jul 9, 2026 · filing ↗
What changed this quarter
19 positions with a change (2 new, 12 added to, 4 trimmed, 1 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Eldorado Gold+10.4 ppof portfolioNew— → 10.4%
- Abivax+175%more sharesIncreased4.3% → 11.1%
- Super Group (SGHC)+83%more sharesIncreased3.8% → 7.0%
- People+61%more sharesIncreased5.3% → 7.8%
- Transportadora De Gas DEL SU−2.4 ppof portfolioSold out3.1% → —
- Qiagen+71%more sharesIncreased2.7% → 3.6%
- MGM Resorts International−30%fewer sharesReduced4.0% → 2.9%
- New Pacific Metals+86%more sharesIncreased1.6% → 2.2%
- Solaris Resources+22%more sharesIncreased5.0% → 4.7%
- Agnico Eagle Mines+0.7 ppof portfolioNew— → 0.7%
- Empresa Dist Y Comercial NOR−54%fewer sharesReduced1.5% → 0.5%
- Allied Gold−5.8%fewer sharesReduced14.4% → 8.2%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Skeena ResourcesSKE13.4%
- AbivaxABVX11.1%
- Eldorado GoldEGO10.4%
- Corporacion America AirportsCAAP10.2%
- Allied GoldAAUC8.2%
- PeoplePPLI7.8%
- Super Group (SGHC)SGHC7.0%
- Silvercorp MetalsSVM5.3%
- Flutter EntertainmentFLUT4.8%
- Solaris ResourcesSLSR4.7%
- Collective MiningCNL3.9%
- QiagenQGEN3.6%
- MGM Resorts InternationalMGM2.9%
- IRSA Investments and RepresentationsIRS2.3%
- New Pacific MetalsNEWP2.2%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Materials 42%
- ● Health Care 15%
- ● Consumer Discretionary 15%
- ● Industrials 10%
- ● No sector 8%
- ● Communication Services 8%
- ● Real Estate 2%
How its portfolio changed (8 quarters)
Q2 2026: 18
Q2 2026: 83%
Q2 2026: 17.2%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jan 5, 2026 (medium confidence).
The data, as reported: HELIKON INVESTMENTS LIMITED (CRD 307662): Exempt reporting adviser to private funds, based in United Kingdom; 7.B private funds: 1 hedge (gross assets $6.6 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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