Q2 2026 13F · SEC CIK 1839497
Helikon Investments Ltd
Hedge fundFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $3.3B
- Reported positions
- 18
- Top holdings a year, 3 yrs
- +52.2%
- Average holding period
- 1.4 yrs
Helikon Investments Ltd is a hedge fund that reported 18 positions worth $3.3B in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Skeena Res Ltd New (SKE, 13.4%), Abivax SA (ABVX, 11.1%), Eldorado Gold Corp New (EGO, 10.4%). A portfolio copying its top holdings returned 52.2% a year over the last 3 years, against 20.4% for the S&P 500.
Helikon Investments Ltd holdings all 18 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| SKESkeena Res Ltd New | 13.4% | +2.2% | $448.5M |
| ABVXAbivax SA | 11.1% | +175.0% | $371.4M |
| EGOEldorado Gold Corp New | 10.4% | — | $347.6M |
| CAAPCorporacion Amer Arpts S A | 10.2% | +3.3% | $342.3M |
| AAUCAllied Gold Corp | 8.2% | -5.8% | $275.0M |
| PPLIPeople Inc | 7.8% | +60.7% | $260.9M |
| SGHCSuper Group Sghc Ltd F | 7.0% | +83.2% | $233.9M |
| SVMSilvercorp Metals Inc | 5.3% | +8.2% | $176.1M |
| FLUTFlutter Entmt PLC | 4.8% | +8.7% | $159.9M |
| SLSRSolaris Res Inc | 4.7% | +21.9% | $158.8M |
| CNLCollective Mining Ltd | 3.9% | -3.0% | $130.5M |
| QGENQiagen NV | 3.6% | +70.6% | $120.6M |
| MGMMgm Resorts International | 2.9% | -29.6% | $96.8M |
| IRSIrsa Inversiones Y Rep S A | 2.3% | +10.8% | $75.8M |
| 64782A107New Pac Metals Corp | 2.2% | +85.6% | $74.1M |
| HSLVHighlander Silver Corp | 1.1% | +54.9% | $37.3M |
| AEMAgnico Eagle Mines Ltd | 0.7% | — | $22.7M |
| EDNEmpresa Dist Y Comercial Nor | 0.5% | -54.4% | $15.2M |
What Helikon Investments Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- EGO Eldorado Gold Corp New10.4% of 13F
- AEM Agnico Eagle Mines Ltd0.7% of 13F
Added to
- ABVX Abivax SA+175.0% shares
- New Pac Metals Corp+85.6% shares
- SGHC Super Group Sghc Ltd F+83.2% shares
- QGEN Qiagen NV+70.6% shares
- PPLI People Inc+60.7% shares
- HSLV Highlander Silver Corp+54.9% shares
- SLSR Solaris Res Inc+21.9% shares
- IRS Irsa Inversiones Y Rep S A+10.8% shares
Reduced
- EDN Empresa Dist Y Comercial Nor-54.4% shares
- MGM Mgm Resorts International-29.6% shares
- AAUC Allied Gold Corp-5.8% shares
Sold out
- TGS Transportadora de Gas Del Suwas 3.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +44.8% /yr
- S&P 500 +20.1%
- 3 years
- +52.2% /yr
- S&P 500 +20.4%
- 5 years
- +42.1% /yr
- S&P 500 +16.8%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $3.3B | 18 |
| Q1 2026 | $2.6B | 17 |
| Q4 2025 | $1.9B | 16 |
| Q3 2025 | $1.4B | 16 |
| Q2 2025 | $1.6B | 18 |
| Q1 2025 | $1.3B | 20 |
| Q4 2024 | $949.8M | 18 |
| Q3 2024 | $1.1B | 18 |
| Q2 2024 | $1.1B | 17 |
| Q1 2024 | $1.1B | 16 |
| Q4 2023 | $1.0B | 15 |
| Q3 2023 | $819.3M | 15 |
Questions about Helikon Investments Ltd's portfolio
What stocks does Helikon Investments Ltd own?
Helikon Investments Ltd's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 18 positions worth $3.3B. The largest are Skeena Res Ltd New (SKE) at 13.4%, Abivax SA (ABVX) at 11.1%, Eldorado Gold Corp New (EGO) at 10.4%, Corporacion Amer Arpts S A (CAAP) at 10.2% and Allied Gold Corp (AAUC) at 8.2%.
What did Helikon Investments Ltd buy last quarter?
In Q2 2026, Helikon Investments Ltd added a new position in Eldorado Gold Corp New (EGO), a new position in Agnico Eagle Mines Ltd (AEM), Abivax SA (ABVX) (+175.0% shares), New Pac Metals Corp (+85.6% shares) and Super Group Sghc Ltd F (SGHC) (+83.2% shares), compared with its Q1 2026 filing.
What did Helikon Investments Ltd sell last quarter?
In Q2 2026, Helikon Investments Ltd sold all of Transportadora de Gas Del Su (TGS), Empresa Dist Y Comercial Nor (EDN) (-54.4% shares), Mgm Resorts International (MGM) (-29.6% shares) and Allied Gold Corp (AAUC) (-5.8% shares), compared with its Q1 2026 filing.
How has Helikon Investments Ltd's portfolio performed?
A portfolio copying Helikon Investments Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +52.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +44.8% against +20.1%. Over 5 years: +42.1% a year against +16.8%.
When is Helikon Investments Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Helikon Investments Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.