Skip to content
Disclosery

Helikon Investments Ltd

Follow

13F filer, CIK 1839497, LONDON, United Kingdom

Helikon Investments Ltd reported $2,648,555,113 across 17 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-08. Its ten largest share positions make up 83.44% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001839497-26-000002

Period
2026-03-31
Reported value
$2.65B
Holdings
17
Top 10 weight
83.44%
New
6
Sold out
6

Part of the filer group Helikon Investments Ltd

  • Federico Riggio
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SVMnew+16,115,414$173M
FLUTnew+1,439,750$147M
ABVXnew+1,013,324$113M
SGHCnew+9,424,702$102M
QGENnew+1,807,989$72.4M

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
AAUCreduced-4,226,296-$131M
IHSexited-8,780,288-$65.5M
PAMexited-565,449-$50M
TGSreduced-935,932-$32.4M
VEONexited-344,522-$18.1M

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, Q1 2026

Share positions as resolved from 13F-HR 0001839497-26-000002, largest first. % of portfolio is the value over $2,648,555,113, 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; 2024Q2: restricted; 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 16,462,865$489M18.47%+634,156Timeline
AAUCALLIED GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 12,272,202$381M14.38%-4,226,296Timeline
CAAPCORPORACION AMER ARPTS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 13,165,225$333M12.57%-400,735Timeline
CNLCOLLECTIVE MINING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 10,979,312$193M7.3%+329,064Timeline
SVMSILVERCORP METALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,115,414 shares 16,115,414$173M6.53%newTimeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,439,750 shares 1,439,750$147M5.54%newTimeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 3,518,414$141M5.32%+1,651,9722026-09-30, 13G/A: 7,857,290 shares, 11.44% of the class, 13G/A filed 2026-10-06 Timeline
SLSRSOLARIS RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 15,545,845$133M5.04%+6,523,773Timeline
ABVXABIVAX SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,013,324 shares 1,013,324$113M4.26%newTimeline
MGMMGM RESORTS INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 2,875,004$106M4.02%-113,769Timeline
SGHCSUPER GROUP SGHC LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 9,424,702$102M3.84%newTimeline
TGSTRANSPORTADORA DE GAS DEL SUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 220,482 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,897,250 shares; 2025Q4: 3,283,265 shares; 2026Q1: 2,347,333 shares 2,347,333$81.2M3.07%-935,932Timeline
QGENQIAGEN NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,807,989 shares 1,807,989$72.4M2.73%newTimeline
IRSIRSA INVERSIONES Y REP S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 4,428,706$71.8M2.71%+286,217Timeline
NEWPNEW PAC METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 9,936,183$41.1M1.55%+7,642,644Timeline
EDNEMPRESA DIST Y COMERCIAL NORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 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 1,331,614$40M1.51%-269,702Timeline
HSLVHIGHLANDER SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 5,171,822 shares 5,171,822$30.4M1.15%newTimeline

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
IHSIHS HOLDING LIMITED8,780,288$65.5Mshares
PAMPAMPA ENERGIA SA565,449$50Mshares
VEONVEON LTD344,522$18.1Mshares
LITHIUM ARGENTINA AGLITHIUM ARGENTINA AG9,111,000$8.28Mprincipal
IFSINTERCORP FINL SVCS INC31,223$1.32Mshares
BTGB2GOLD CORP56,760$256Kshares

How Q1 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 0001839497-26-000002 base2026-05-08acceptance time not in the bulk data set