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Disclosery

Helikon Investments Ltd

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13F filer, CIK 1839497, LONDON, United Kingdom

Helikon Investments Ltd reported $3,347,488,196 across 18 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-11. Its ten largest share positions make up 82.88% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001839497-26-000003

Period
2026-06-30
Reported value
$3.35B
Holdings
18
Top 10 weight
82.88%
New
2
Sold out
1

Part of the filer group Helikon Investments Ltd

  • Federico Riggio
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EGOnew+11,180,130$348M
ABVXadded+1,773,807$236M
SGHCadded+7,838,814$106M
PPLIadded+2,134,105$98.5M
QGENadded+1,277,166$49.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TGSexited-2,347,333-$81.2M
MGMreduced-850,074-$40.6M
EDNreduced-724,086-$18.1M
AAUCreduced-708,910-$16.9M
CNLreduced-324,250-$3.97M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001839497-26-000003, largest first. % of portfolio is the value over $3,347,488,196, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SKESKEENA RES LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,146,397 shares; 2024Q4: 8,930,424 shares; 2025Q1: 11,917,315 shares; 2025Q2: 14,030,111 shares; 2025Q3: 16,871,819 shares; 2025Q4: 15,828,709 shares; 2026Q1: 16,462,865 shares; 2026Q2: 16,822,865 shares 16,822,865$448M13.4%+360,000Timeline
ABVXABIVAX SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,013,324 shares; 2026Q2: 2,787,131 shares 2,787,131$371M11.1%+1,773,807Timeline
EGOELDORADO GOLD CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 18,871,218 shares; 2024Q4: 16,631,533 shares; 2025Q1: 14,346,371 shares; 2025Q2: 4,760,879 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 11,180,130 shares 11,180,130$348M10.38%newTimeline
CAAPCORPORACION AMER ARPTS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 8,131,794 shares; 2024Q4: 7,084,758 shares; 2025Q1: 13,622,399 shares; 2025Q2: 13,342,552 shares; 2025Q3: 13,430,445 shares; 2025Q4: 13,565,960 shares; 2026Q1: 13,165,225 shares; 2026Q2: 13,594,321 shares 13,594,321$342M10.23%+429,096Timeline
AAUCALLIED GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 11,791,913 shares; 2025Q3: 14,736,634 shares; 2025Q4: 16,498,498 shares; 2026Q1: 12,272,202 shares; 2026Q2: 11,563,292 shares 11,563,292$275M8.21%-708,910Timeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,036,840 shares; 2025Q3: 1,325,799 shares; 2025Q4: 1,866,442 shares; 2026Q1: 3,518,414 shares; 2026Q2: 5,652,519 shares 5,652,519$261M7.79%+2,134,1052026-09-30, 13G/A: 7,857,290 shares, 11.44% of the class, 13G/A filed 2026-10-06 Timeline
SGHCSUPER GROUP SGHC LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,771,604 shares; 2024Q4: 3,234,022 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 9,424,702 shares; 2026Q2: 17,263,516 shares 17,263,516$234M6.99%+7,838,814Timeline
SVMSILVERCORP METALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,115,414 shares; 2026Q2: 17,437,340 shares 17,437,340$176M5.26%+1,321,926Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,439,750 shares; 2026Q2: 1,565,150 shares 1,565,150$160M4.78%+125,400Timeline
SLSRSOLARIS RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 868,810 shares; 2025Q2: 4,811,620 shares; 2025Q3: 6,811,620 shares; 2025Q4: 9,022,072 shares; 2026Q1: 15,545,845 shares; 2026Q2: 18,955,119 shares 18,955,119$159M4.75%+3,409,274Timeline
CNLCOLLECTIVE MINING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 5,681,800 shares; 2024Q4: 6,840,752 shares; 2025Q1: 9,891,894 shares; 2025Q2: 9,916,894 shares; 2025Q3: 10,455,037 shares; 2025Q4: 10,650,248 shares; 2026Q1: 10,979,312 shares; 2026Q2: 10,655,062 shares 10,655,062$131M3.9%-324,250Timeline
QGENQIAGEN NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,807,989 shares; 2026Q2: 3,085,155 shares 3,085,155$121M3.6%+1,277,166Timeline
MGMMGM RESORTS INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,835,975 shares; 2025Q2: 8,810,322 shares; 2025Q3: 3,486,261 shares; 2025Q4: 2,988,773 shares; 2026Q1: 2,875,004 shares; 2026Q2: 2,024,930 shares 2,024,930$96.8M2.89%-850,074Timeline
IRSIRSA INVERSIONES Y REP S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,266,348 shares; 2024Q4: 1,239,902 shares; 2025Q1: 1,428,475 shares; 2025Q2: 2,367,181 shares; 2025Q3: 3,423,977 shares; 2025Q4: 4,142,489 shares; 2026Q1: 4,428,706 shares; 2026Q2: 4,906,222 shares 4,906,222$75.8M2.26%+477,516Timeline
NEWPNEW PAC METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,293,539 shares; 2026Q1: 9,936,183 shares; 2026Q2: 18,438,377 shares 18,438,377$74.1M2.21%+8,502,194Timeline
HSLVHIGHLANDER SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 5,171,822 shares; 2026Q2: 8,009,594 shares 8,009,594$37.3M1.12%+2,837,772Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 146,103 shares 146,103$22.7M0.68%newTimeline
EDNEMPRESA DIST Y COMERCIAL NORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 809,902 shares; 2024Q4: 564,536 shares; 2025Q1: 2,031,036 shares; 2025Q2: 1,788,285 shares; 2025Q3: 1,788,285 shares; 2025Q4: 1,601,316 shares; 2026Q1: 1,331,614 shares; 2026Q2: 607,528 shares 607,528$15.2M0.45%-724,086Timeline

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
TGSTRANSPORTADORA DE GAS DEL SU2,347,333$81.2Mshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001839497-26-000003 base2026-08-11acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13G/A 0001172661-26-004408 PPLI2026-10-06
13F-HR 0001839497-26-000003 Quarter ended 2026-06-302026-08-11acceptance time not in the bulk data set
13F-HR 0001839497-26-000002 Quarter ended 2026-03-312026-05-08acceptance time not in the bulk data set
13F-HR 0001839497-26-000001 Quarter ended 2025-12-312026-02-05acceptance time not in the bulk data set
13F-HR 0001839497-25-000007 Quarter ended 2025-09-302025-11-10acceptance time not in the bulk data set
13F-HR 0001839497-25-000005 Quarter ended 2025-06-302025-08-08acceptance time not in the bulk data set
13F-HR 0001839497-25-000004 Quarter ended 2025-03-312025-05-12acceptance time not in the bulk data set
13F-HR 0001839497-25-000002 Quarter ended 2024-12-312025-01-22acceptance time not in the bulk data set
13F-HR 0001839497-24-000006 Quarter ended 2024-09-302024-10-28acceptance time not in the bulk data set
13F-HR 0001839497-24-000004 Quarter ended 2024-06-302024-07-30acceptance time not in the bulk data set
13F-HR 0001839497-24-000003 Quarter ended 2024-03-312024-04-18acceptance time not in the bulk data set
13F-HR 0001839497-24-000001 Quarter ended 2023-12-312024-02-12acceptance time not in the bulk data set
13F-HR/A 0001839497-24-000002 Quarter ended 2023-12-312024-02-12acceptance time not in the bulk data set
13F-HR 0001839497-23-000005 Quarter ended 2023-09-302023-10-31acceptance time not in the bulk data set
13F-HR 0001839497-23-000003 Quarter ended 2023-06-302023-07-28acceptance time not in the bulk data set
13F-HR 0001839497-23-000002 Quarter ended 2023-03-312023-05-09acceptance time not in the bulk data set
13F-HR 0001839497-23-000001 Quarter ended 2022-12-312023-02-03acceptance time not in the bulk data set
13F-HR 0001839497-22-000004 Quarter ended 2022-09-302022-11-08acceptance time not in the bulk data set
13F-HR 0001839497-22-000003 Quarter ended 2022-06-302022-07-19acceptance time not in the bulk data set
13F-HR 0001839497-22-000002 Quarter ended 2022-03-312022-04-26acceptance time not in the bulk data set
13F-HR 0001839497-22-000001 Quarter ended 2021-12-312022-01-18acceptance time not in the bulk data set
13F-HR 0001839497-21-000007 Quarter ended 2021-09-302021-10-20acceptance time not in the bulk data set
13F-HR 0001839497-21-000006 Quarter ended 2021-06-302021-08-02acceptance time not in the bulk data set
13F-HR 0001839497-21-000005 Quarter ended 2021-03-312021-05-17acceptance time not in the bulk data set
13F-HR 0001839497-21-000002 Quarter ended 2020-12-312021-02-03acceptance time not in the bulk data set