Skip to content
Disclosery

Helikon Investments Ltd

Follow

13F filer, CIK 1839497, LONDON, United Kingdom

Helikon Investments Ltd reported $961,036,321 across 19 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-01-22. Its ten largest share positions make up 88.53% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001839497-25-000002

Period
2024-12-31
Reported value
$961M
Holdings
19
Top 10 weight
88.53%
New
3
Sold out
3

Part of the filer group Helikon Investments Ltd

  • Federico Riggio
How groups are built

Stakes and trades reported after 2024-12-31

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

  • PPLI PEOPLE INC: 13G/A 7,857,290 shares, 11.44% of the class, 13G/A filed 2026-10-06, 0001172661-26-004408Timeline
    Accepted , ingested

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SKEadded+6,784,027$59.2M
RNWnew+2,204,246$15.1M
SGHCadded+1,462,418$9.11M
EQXnew+1,705,030$8.56M
VEONadded+138,149$5.54M

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
VISTreduced-1,833,829-$99.2M
PAMreduced-876,546-$77.1M
YPFexited-3,566,746-$75.7M
EGOreduced-2,239,685-$33.3M
CAAPreduced-1,047,036-$19.5M

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, Q4 2024

Share positions as resolved from 13F-HR 0001839497-25-000002, largest first. % of portfolio is the value over $961,036,321, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EGOELDORADO GOLD CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,871,218 shares; 2024Q4: 16,631,533 shares 16,631,533$247M25.73%-2,239,685Timeline
CAAPCORPORACION AMER ARPTS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,131,794 shares; 2024Q4: 7,084,758 shares 7,084,758$132M13.76%-1,047,036Timeline
VEONVEON LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,788,955 shares; 2024Q4: 2,927,104 shares 2,927,104$117M12.21%+138,149Timeline
SKESKEENA RES LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,146,397 shares; 2024Q4: 8,930,424 shares 8,930,424$77.9M8.1%+6,784,027Timeline
VISTVISTA ENERGY S.A.B. DE C.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,072,390 shares; 2024Q4: 1,238,561 shares 1,238,561$67M6.97%-1,833,829Timeline
AGROADECOAGRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,941,857 shares; 2024Q4: 6,976,857 shares 6,976,857$65.8M6.85%+35,000Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,587,547 shares; 2024Q4: 1,414,547 shares 1,414,547$47.3M4.92%-173,000Timeline
PAMPAMPA ENERGIA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,319,415 shares; 2024Q4: 442,869 shares 442,869$38.9M4.05%-876,546Timeline
IFSINTERCORP FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 974,819 shares; 2024Q4: 974,819 shares 974,819$28.6M2.98%0Timeline
CNLCOLLECTIVE MINING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,681,800 shares; 2024Q4: 6,840,752 shares 6,840,752$28.5M2.96%+1,158,952Timeline
EDNEMPRESA DIST Y COMERCIAL NORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 809,902 shares; 2024Q4: 564,536 shares 564,536$24.2M2.52%-245,366Timeline
SGHCSUPER GROUP SGHC LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,771,604 shares; 2024Q4: 3,234,022 shares 3,234,022$20.1M2.1%+1,462,418Timeline
IRSIRSA INVERSIONES Y REP S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,266,348 shares; 2024Q4: 1,239,902 shares 1,239,902$18.5M1.93%-26,446Timeline
RNWRENEW ENERGY GLOBAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,204,246 shares 2,204,246$15.1M1.57%newTimeline
EQXEQUINOX GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,705,030 shares 1,705,030$8.56M0.89%newTimeline
ENICENEL CHILE SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,842,178 shares; 2024Q4: 2,112,723 shares 2,112,723$6.08M0.63%+270,545Timeline
CRESYCRESUD S A C I F Y AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 637,624 shares; 2024Q4: 456,776 shares 456,776$5.77M0.6%-180,848Timeline
GRFSGRIFOLS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 78,010 shares 78,010$580K0.06%newTimeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
LITHIUM ARGENTINA AGLITHIUM ARGENTINA AG NOTE 1.750% 1/1principal14,611,000$11.3M+1,000,000

Sold out in Q4 2024

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

SecurityShares beforeValue beforeType
YPFYPF SOCIEDAD ANONIMA3,566,746$75.7Mshares
TGSTRANSPORTADORA DE GAS DEL SU220,482$4.04Mshares
EVERI HLDGS INCEVERI HLDGS INC16,776$220Kshares

How Q4 2024 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 0001839497-25-000002 base2025-01-22acceptance time not in the bulk data set