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Helikon Investments Portfolio holdings
AUM
$3.35B
Turnover
15.79%
1-Year Est. Return
55.08%
This Fund
S&P 500
This Quarter Est. Return
-0.65%
1 Year Est. Return
+55.08%
3 Year Est. Return
+282.18%
5 Year Est. Return
+477.69%
10 Year Est. Return
–
AUM
$3.35B
AUM Growth
+$699M
(+26%)
Cap. Flow
+$817M
Cap. Flow % of AUM
Cap. Flow %
24.41%
Top 10 Holdings %
Top 10 Hldgs %
82.88%
Holding
19
New
2
Increased
12
Reduced
4
Closed
1
Avg Time Held
1.2
years
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eldorado Gold
EGO
|
+$364M |
| 2 |
Abivax
ABVX
|
+$201M |
| 3 |
SGHC Ltd
SGHC
|
+$99.3M |
| 4 |
People Inc
PPLI
|
+$91.1M |
| 5 |
Qiagen
QGEN
|
+$47.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Transportadora de Gas del Sur
TGS
|
+$81.2M |
| 2 |
MGM Resorts International
MGM
|
+$35.3M |
| 3 |
Allied Gold Corp
AAUC
|
+$20M |
| 4 |
Edenor
EDN
|
+$19M |
| 5 |
Collective Mining Ltd
CNL
|
+$5.42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 49.91% |
| 2 | Healthcare | 14.7% |
| 3 | Consumer Discretionary | 14.66% |
| 4 | Industrials | 10.23% |
| 5 | Communication Services | 7.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Skeena Resources
SKE
$3.43B
| $448M | 13.4% |
16,822,865
+360,000
| +2% | +$10.8M |
2024 Q3
7 quarters
|
|
|
2
Abivax
ABVX
$7.4B
| $371M | 11.1% |
2,787,131
+1,773,807
| +175% | +$201M |
2026 Q1
1 quarter
|
|
|
3
Eldorado Gold
EGO
$8.4B
| $348M | 10.38% |
+11,180,130
| New | +$364M |
2026 Q2
0 quarters
|
|
4
Corporacion America
CAAP
$3.86B
| $342M | 10.23% |
13,594,321
+429,096
| +3% | +$11M |
2020 Q4
22 quarters
|
|
|
5
Allied Gold Corp
AAUC
$2.71B
| $275M | 8.21% |
11,563,292
-708,910
| -6% | -$20M |
2025 Q2
4 quarters
|
|
|
6
People Inc
PPLI
$2.74B
| $261M | 7.79% |
5,652,519
+2,134,105
| +61% | +$91.1M |
2025 Q2
4 quarters
|
|
|
7
SGHC Ltd
SGHC
$5.54B
| $234M | 6.99% |
17,263,516
+7,838,814
| +83% | +$99.3M |
2026 Q1
1 quarter
|
|
8
Silvercorp Metals
SVM
$1.81B
| $176M | 5.26% |
17,437,340
+1,321,926
| +8% | +$15.9M |
2026 Q1
1 quarter
|
|
9
Flutter Entertainment
FLUT
$15.3B
| $160M | 4.78% |
1,565,150
+125,400
| +9% | +$12.9M |
2026 Q1
1 quarter
|
|
10
Solaris Resources
SLSR
$1.13B
| $159M | 4.75% |
18,955,119
+3,409,274
| +22% | +$33M |
2025 Q1
5 quarters
|
|
|
11
Collective Mining Ltd
CNL
$945M
| $131M | 3.9% |
10,655,062
-324,250
| -3% | -$5.42M |
2024 Q3
7 quarters
|
|
|
12
Qiagen
QGEN
$10.4B
| $121M | 3.6% |
3,085,155
+1,277,166
| +71% | +$47.4M |
2026 Q1
1 quarter
|
|
|
13
MGM Resorts International
MGM
$7.72B
| $96.8M | 2.89% |
2,024,930
-850,074
| -30% | -$35.3M |
2025 Q1
5 quarters
|
|
14
IRSA Inversiones y Representaciones
IRS
$1.04B
| $75.8M | 2.26% |
4,906,222
+477,516
| +11% | +$7.28M |
2023 Q1
13 quarters
|
|
15
New Pacific Metals
NEWP
$909M
| $74.1M | 2.21% |
18,438,377
+8,502,194
| +86% | +$41.8M |
2025 Q4
2 quarters
|
|
16
Highlander Silver Corp
HSLV
$851M
| $37.3M | 1.12% |
8,009,594
+2,837,772
| +55% | +$15.8M |
2026 Q1
1 quarter
|
|
17
Agnico Eagle Mines
AEM
$86.1B
| $22.7M | 0.68% |
+146,103
| New | +$27.1M |
2026 Q2
0 quarters
|
|
|
18
Edenor
EDN
$663M
| $15.2M | 0.45% |
607,528
-724,086
| -54% | -$19M |
2023 Q2
12 quarters
|
|
|
19
Transportadora de Gas del Sur
TGS
$3.47B
| – | – |
-2,347,333
| Closed | -$81.2M | – |
|
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Helikon Investments's Q2 2026 Portfolio in Review
As of Q2 2026, Helikon Investments held 19 positions worth $3.35B, up 26% from $2.65B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Helikon Investments deployed $817M of net new capital in Q2 2026, opening 2 new positions and adding to 12 existing holdings. Its largest new stake was Eldorado Gold: 11,180,130 shares worth $348M.
By sector, the portfolio is most concentrated in Materials at 50% of assets, down from 54% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was MGM Resorts International, an estimated $35.3M trimmed.
- Helikon Investments's largest Q2 2026 buy was Eldorado Gold: 11,180,130 shares worth $348M.
- Helikon Investments added most to Abivax in Q2 2026, an estimated $201M increase.
- Helikon Investments's biggest Q2 2026 reduction was MGM Resorts International, cutting an estimated $35.3M.
- Helikon Investments fully exited Transportadora de Gas del Sur in Q2 2026, selling an estimated $81.2M.
- Helikon Investments's ten largest holdings make up 83% of its $3.35B portfolio in Q2 2026.
- Helikon Investments opened 2 new positions and closed 1 in Q2 2026.
- Helikon Investments's portfolio value rose 26% quarter-over-quarter to $3.35B.
Based on Helikon Investments's 13F filing for Q2 2026, filed 11 Aug 2026.