We are live on ! Find out more
HI

Helikon Investments Portfolio holdings

AUM $2.65B
1-Year Est. Return 79.03%
This Fund
S&P 500
This Quarter Est. Return
+9.64%
1 Year Est. Return
+79.03%
3 Year Est. Return
+330.2%
5 Year Est. Return
+443.61%
10 Year Est. Return
–
AUM
$1.46B
AUM Growth
-$152M
Cap. Flow
-$259M
Cap. Flow %
-17.75%
Top 10 Hldgs %
90.07%
Holding
21
New
2
Increased
8
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
TGS icon
Transportadora de Gas del Sur
TGS
+$74.9M
2
SKE
Skeena Resources
SKE
+$46.5M
3
AAUC
Allied Gold Corp
AAUC
+$41.4M
4
IHS icon
IHS Holding
IHS
+$16.6M
5
IRS
IRSA Inversiones y Representaciones
IRS
+$15.1M

Top Sells

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$195M
2
EGO icon
Eldorado Gold
EGO
+$96.8M
3
VEON icon
VEON
VEON
+$50.9M
4
EQX icon
Equinox Gold
EQX
+$44.3M
5
CCIR
Cohen Circle Acquisition Corp. I Class A Ordinary Shares
CCIR
+$27.3M

Sector Composition

Rank Sector Weight
1 Materials 52.36%
2 Industrials 19.77%
3 Consumer Discretionary 8.27%
4 Real Estate 5.04%
5 Communication Services 5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SKE
1
Skeena Resources
SKE
$3.28B
$311M 21.28%
16,871,819
+2,841,708
+20% +$46.5M
AAUC
2
Allied Gold Corp
AAUC
$2.64B
$258M 17.66%
14,736,634
+2,944,721
+25% +$41.4M
CAAP icon
3
Corporacion America
CAAP
$4.26B
$243M 16.65%
13,430,445
+87,893
+0.7% +$1.77M
CNL
4
Collective Mining Ltd
CNL
$1.18B
$151M 10.34%
10,455,037
+538,143
+5% +$6.11M
MGM icon
5
MGM Resorts International
MGM
$11.8B
$121M 8.27%
3,486,261
-5,324,061
-60% -$195M
TGS icon
6
Transportadora de Gas del Sur
TGS
$4.44B
$60.9M 4.17%
+2,897,250
New +$74.9M
PPLI
7
People Inc
PPLI
$3.13B
$45.2M 3.09%
1,325,799
-711,041
-35% -$26.5M
SLSR
8
Solaris Resources
SLSR
$1.25B
$43.4M 2.97%
6,811,620
+2,000,000
+42% +$10.6M
PAM icon
9
Pampa Energía
PAM
$4.56B
$42M 2.87%
698,775
+206,197
+42% +$14.3M
IRS
10
IRSA Inversiones y Representaciones
IRS
$1.3B
$40.5M 2.77%
3,423,977
+1,056,796
+45% +$15.1M
IFS icon
11
Intercorp Financial Services
IFS
$6.44B
$37.7M 2.58%
935,698
-252,513
-21% -$9.76M
IHS icon
12
IHS Holding
IHS
$2.78B
$33M 2.26%
4,845,561
+2,488,223
+106% +$16.6M
VEON icon
13
VEON
VEON
$3.57B
$27.9M 1.91%
512,938
-949,357
-65% -$50.9M
EDN
14
Edenor
EDN
$1.11B
$27.8M 1.9%
1,788,285
– –
CRESY
15
Cresud
CRESY
$808M
$3.64M 0.25%
398,524
– –
LOMA
16
Loma Negra
LOMA
$1.34B
$1.79M 0.12%
+242,501
New +$2.41M
AGRO icon
17
Adecoagro
AGRO
$1.45B
– –
-2,825,500
Closed -$25.8M
EGO icon
18
Eldorado Gold
EGO
$8.4B
– –
-4,760,879
Closed -$96.8M
EQX icon
19
Equinox Gold
EQX
$7.22B
– –
-7,699,497
Closed -$44.3M
CCIR
20
DELISTED
Cohen Circle Acquisition Corp. I Class A Ordinary Shares
CCIR
– –
-2,492,592
Closed -$27.3M

Similar funds

CCM
Cerberus Capital Management New York $2.65B AUM 20.18% 1-Year Est. Return
WBG
Wharton Business Group Malvern, Pennsylvania $2.65B AUM 20.73% 1-Year Est. Return
MG
Meritage Group San Francisco, California $2.65B AUM 6.3% 1-Year Est. Return
PCIG
Partners Capital Investment Group Boston, Massachusetts $2.65B AUM 16.42% 1-Year Est. Return
BCV
Banque Cantonale Vaudoise Lausanne, Switzerland $2.66B AUM 26.89% 1-Year Est. Return
NIG
NFJ Investment Group Dallas, Texas $2.64B AUM 23.86% 1-Year Est. Return
ACIM
Azimuth Capital Investment Management Bloomfield Hills, Michigan $2.66B AUM 22.87% 1-Year Est. Return
PCA
Pallas Capital Advisors Braintree, Massachusetts $2.66B AUM 22.31% 1-Year Est. Return

Helikon Investments's Q3 2025 Portfolio in Review

As of Q3 2025, Helikon Investments held 21 positions worth $1.46B, down 9.4% from $1.61B the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Helikon Investments withdrew a net $259M in Q3 2025, closing 4 positions and reducing 4 holdings. Its most notable exit was Eldorado Gold, an estimated $96.8M position sold in full.

By sector, the portfolio is most concentrated in Materials at 52% of assets, up from 41% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Helikon Investments opened a new position in Transportadora de Gas del Sur worth $60.9M.

  • Helikon Investments's largest Q3 2025 buy was Transportadora de Gas del Sur: 2,897,250 shares worth $60.9M.
  • Helikon Investments added most to Skeena Resources in Q3 2025, an estimated $46.5M increase.
  • Helikon Investments's biggest Q3 2025 reduction was MGM Resorts International, cutting an estimated $195M.
  • Helikon Investments fully exited Eldorado Gold in Q3 2025, selling an estimated $96.8M.
  • Helikon Investments's ten largest holdings make up 90% of its $1.46B portfolio in Q3 2025.
  • Helikon Investments opened 2 new positions and closed 4 in Q3 2025.
  • Helikon Investments's portfolio value fell 9.4% quarter-over-quarter to $1.46B.

Based on Helikon Investments's 13F filing for Q3 2025, filed 10 Nov 2025.