Helikon Investments Ltd
Sector Allocation
- Materials49.9%$1.7B
- Healthcare14.7%$492.0M
- Industrials10.2%$342.3M
- Other7.8%$260.9M
- Communication Services7.0%$233.9M
- Technology4.8%$159.9M
- Consumer Discretionary2.9%$96.8M
- Real Estate2.3%$75.8M
- Utilities0.5%$15.2M
AUM History
13fpro.ai/research/fund/helikon-investments-ltd-1839497
Conviction and streaks
Stable · top 10 = 82.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
SKE
$448.5MABVX
$371.4MEGO
$347.6MCAAP
$342.3MAAUC
$275.0M- PEOPLE$260.9M
SGHC
$233.9MSVM
$176.1MFLUT
$159.9MSLSR
$158.8MCNL
$130.5MQGEN
$120.6MMGM
$96.8MIRS
$75.8MNEWP
$74.1MHSLV
$37.3MAEM
$22.7MEDN
$15.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/helikon-investments-ltd-1839497
Helikon Investments Ltd 13F holdings — Q2 2026
$3.3B portfolio (+26.4% QoQ) · 18 holdings · Q2 2026 13F · top 10 are 83% of the stock portfolio
$448.5M
13.4% of stocks
+2%This quarter-16.6%Since filed8 qtrsHeld$371.4M
11.1% of stocks
+175%This quarter-31.8%Since filed2 qtrsHeld$347.6M
10.4% of stocks
NewThis quarter-18.9%Since filedNew this quarterHeld$342.3M
10.2% of stocks
+3%This quarter-3.4%Since filed10+ qtrsHeld$275.0M
8.2% of stocks
-6%This quarter-10.4%Since filed5 qtrsHeld- 6
PEOPLE INC - COM NEW
$260.9M
7.8% of stocks
+61%This quarter—Since filed—HeldAIQuality—Est. buy— $233.9M
7.0% of stocks
+83%This quarter-16.2%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$176.1M
5.3% of stocks
+8%This quarter-34.8%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$159.9M
4.8% of stocks
+9%This quarter-19.0%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$158.8M
4.8% of stocks
+22%This quarter-17.5%Since filed6 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 6 qtrs in a row
All holdings — Helikon Investments Ltd (Q2 2026)
18 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Collective Mining Ltd. | Materials | $130.5M | 3.9% | 10.66M | -3% | 8 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | QIAGEN N.V. | Healthcare | $120.6M | 3.6% | 3.09M | +71% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | MGM Resorts International | Consumer Discretionary | $96.8M | 2.9% | 2.02M | -30% | 6 qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | IRSA INVESTMENTS & REPRESENTATIONS INC | Real Estate | $75.8M | 2.3% | 4.91M | +11% | 10+ qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | NEW PACIFIC METALS CORP | Materials | $74.1M | 2.2% | 18.44M | +86% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Highlander Silver Corp. | Materials | $37.3M | 1.1% | 8.01M | +55% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | AGNICO EAGLE MINES LTD | Materials | $22.7M | 0.7% | 146K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | EDENORadr | Utilities | $15.2M | 0.5% | 608K | -54% | 10+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F |
What changed in Q2 2026
Against the previous quarter's 13F: 2 new, 12 added to, 4 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
Added to (12)
now $371.4M · held 2 qtrs, 2 adds in a row
now $233.9M · held 2 qtrs, 2 adds in a row
- PEOPLE INC - COM NEW+61%
now $260.9M
now $120.6M · held 2 qtrs, 2 adds in a row
now $74.1M · held 3 qtrs, 3 adds in a row
now $158.8M · held 6 qtrs, 6 adds in a row
+6 more in the Excel export
Trimmed (4)
Sold out (1)
$TGSGAS TRANSPORTER OF THE SOUTH INCwas $81.2M
held 3 qtrs
Holdings by quarter
Every 13F Helikon Investments Ltd has filed, 22 earlier quarters. Pick one to see what it held then.
Is it too late to follow Helikon Investments Ltd?
Q2 2026 13F filed with the SEC on Aug 11, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Helikon Investments Ltd's top 20 holdings: 54/100 (our AI quality score, weighted by position size; 1 of the 20 are scored)
Top 10 since filing
-18.5%
Value-weighted move of the 10 largest stock positions
Turnover
5%
Last quarter; 42% over the last 4
Top 10 weight
83%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
50%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 1 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Helikon Investments Ltd disclosed 18 positions worth $3.3B in its Form 13F-HR for Q2 2026, led by $SKE (Skeena Resources Ltd) at 13.4% of the equity portfolio, followed by $ABVX and $EGO. During the quarter the fund opened 2 new positions and exited 1 — including a new stake in $EGO and a full exit from $TGS. The portfolio is most concentrated in Materials (49.9% of disclosed assets). All figures are sourced directly from Helikon Investments Ltd’s Form 13F-HR filing with the SEC under CIK 1839497.
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AI-Powered Hedge Fund Analysis: Helikon Investments Ltd
13F Pro is an AI hedge fund tracker and stock research platform. For Helikon Investments Ltd (SEC CIK: 1839497), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Helikon Investments Ltd's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.