Helikon Investments
LONDON, X0files as Helikon Investments Ltd
$3.3bn in 18 US stocks at the end of 30 June 2026. The top 10 are 82.9% of the money. It changed about 25.0% of the portfolio this quarter.
Value
$3.3bn
Stocks
18
Top 10 share
82.9%
Turnover
25.0%
What changed this quarter
New
Bought for the first time this quarter.
- Eldorado GoldEGO10.4% of the fund
- Agnico Eagle MinesAEM0.7% of the fund
Added
Bought more of a stock they already held.
- Skeena ResourcesSKE13.4% of the fund+2%
- Abivax SAABVX11.1% of the fund+175%
- Corporacion America AirportsCAAP10.2% of the fund+3%
- People Inc.PPLI7.8% of the fund+61%
- Super Group (SGHC)SGHC7.0% of the fund+83%
- Silvercorp MetalsSVM5.3% of the fund+8%
- Flutter EntertainmentFLUT4.8% of the fund+9%
- Solaris ResourcesSLSR4.7% of the fund+22%
- QiagenQGEN3.6% of the fund+71%
- Irsa Inversiones Y REP S AIRS2.3% of the fund+11%
- New Pacific MetalsNEWP2.2% of the fund+86%
- Highlander SilverHSLV1.1% of the fund+55%
Cut
Sold some of their stake.
- Allied GoldAAUC8.2% of the fund-6%
- Collective MiningCNL3.9% of the fund-3%
- MGM Resorts InternationalMGM2.9% of the fund-30%
- Empresa Dist Y Comercial NOREDN0.5% of the fund-54%
Sold out
Sold their entire stake.
Holdings
- Skeena ResourcesSKE
- Share
- 13.4%
- Value
- $448m
- Shares
- 16,822,865
+2%
- Abivax SAABVX
- Share
- 11.1%
- Value
- $371m
- Shares
- 2,787,131
+175%
- Eldorado GoldEGO
- Share
- 10.4%
- Value
- $348m
- Shares
- 11,180,130
New
- Allied GoldAAUC
- Share
- 8.2%
- Value
- $275m
- Shares
- 11,563,292
-6%
- Silvercorp MetalsSVM
- Share
- 5.3%
- Value
- $176m
- Shares
- 17,437,340
+8%
- Solaris ResourcesSLSR
- Share
- 4.7%
- Value
- $159m
- Shares
- 18,955,119
+22%
- Collective MiningCNL
- Share
- 3.9%
- Value
- $131m
- Shares
- 10,655,062
-3%
- Irsa Inversiones Y REP S AIRS
- Share
- 2.3%
- Value
- $76m
- Shares
- 4,906,222
+11%
- New Pacific MetalsNEWP
- Share
- 2.2%
- Value
- $74m
- Shares
- 18,438,377
+86%
- Highlander SilverHSLV
- Share
- 1.1%
- Value
- $37m
- Shares
- 8,009,594
+55%
- Agnico Eagle MinesAEM
- Share
- 0.7%
- Value
- $23m
- Shares
- 146,103
New
- Empresa Dist Y Comercial NOREDN
- Share
- 0.5%
- Value
- $15m
- Shares
- 607,528
-54%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Skeena ResourcesSKE | 13.4% | $448m | 16,822,865 | +2% |
| Abivax SAABVX | 11.1% | $371m | 2,787,131 | +175% |
| Eldorado GoldEGO | 10.4% | $348m | 11,180,130 | New |
| Corporacion America AirportsCAAP | 10.2% | $342m | 13,594,321 | +3% |
| Allied GoldAAUC | 8.2% | $275m | 11,563,292 | -6% |
| People Inc.PPLI | 7.8% | $261m | 5,652,519 | +61% |
| Super Group (SGHC)SGHC | 7.0% | $234m | 17,263,516 | +83% |
| Silvercorp MetalsSVM | 5.3% | $176m | 17,437,340 | +8% |
| Flutter EntertainmentFLUT | 4.8% | $160m | 1,565,150 | +9% |
| Solaris ResourcesSLSR | 4.7% | $159m | 18,955,119 | +22% |
| Collective MiningCNL | 3.9% | $131m | 10,655,062 | -3% |
| QiagenQGEN | 3.6% | $121m | 3,085,155 | +71% |
| MGM Resorts InternationalMGM | 2.9% | $97m | 2,024,930 | -30% |
| Irsa Inversiones Y REP S AIRS | 2.3% | $76m | 4,906,222 | +11% |
| New Pacific MetalsNEWP | 2.2% | $74m | 18,438,377 | +86% |
| Highlander SilverHSLV | 1.1% | $37m | 8,009,594 | +55% |
| Agnico Eagle MinesAEM | 0.7% | $23m | 146,103 | New |
| Empresa Dist Y Comercial NOREDN | 0.5% | $15m | 607,528 | -54% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 109.0% since 30 June 2025.
Where the money is
Materials49.9%
Technology12.6%
Industrials10.2%
Retail & consumer9.9%
Health care3.6%
Other13.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.