2026 Q1 Portfolio Activity
In 2026 Q1, Helikon Investments Ltd maintained a portfolio of 23 distinct positions. The most significant new addition was SILVERCORP METALS INC, now representing 6.53% of the total fund value. They heavily accumulated shares in IAC INC, increasing the position by 88.5%. The fund also reduced its exposure to ALLIED GOLD CORP by 25.6%.
Position History
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Total Positions
23
Quarter
2026 Q1
Top Holding
SKE (18.5%)
Top 10 Concentration
83.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-23 of 23
Helikon Investments Ltd Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SKE
SKEENA RES LTD ...
|
Basic Materials | 18.47% | 19.92% |
#1
1
Prev: #2
|
6.5 |
—
|
634,156 | 4.0% |
P
S
|
16,462,865 | $489,276,348 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
AAUCD
ALLIED GOLD COR...
|
Unknown | 14.38% | 20.02% |
#2
1
Prev: #1
|
5.5 |
—
|
-4,226,296 | -25.6% |
P
S
|
12,272,202 | $380,929,150 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
CAAP
CORPORACION AME...
|
Industrials | 12.57% | 18.71% |
#3
Prev: #3
|
5.5 |
—
|
-400,735 | -3.0% |
P
S
|
13,165,225 | $332,948,540 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
CNL
COLLECTIVE MINI...
|
Basic Materials | 7.30% | 8.24% |
#4
Prev: #4
|
3.9 |
—
|
329,064 | 3.1% |
P
S
|
10,979,312 | $193,345,684 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
SVM
SILVERCORP META...
|
Basic Materials | 6.53% | — |
#5
Prev: #—
|
6.6 |
—
|
16,115,414 | — |
NEW
|
16,115,414 | $173,079,547 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
FLUT
FLUTTER ENTMT P...
|
Consumer Cyclical | 5.54% | — |
#6
Prev: #—
|
5.7 |
—
|
1,439,750 | — |
NEW
|
1,439,750 | $146,782,513 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
IAC
IAC INC
|
Communication Services | 5.32% | 3.87% |
#7
Prev: #7
|
5.1 |
—
|
1,651,972 | 88.5% |
P
S
|
3,518,414 | $140,842,112 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
SLSR
SOLARIS RES INC
|
Basic Materials | 5.04% | 3.81% |
#8
Prev: #8
|
5.0 |
—
|
6,523,773 | 72.3% |
P
S
|
15,545,845 | $133,383,350 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
ABVX
ABIVAX SA
|
Healthcare | 4.26% | — |
#9
Prev: #—
|
5.2 |
—
|
1,013,324 | — |
NEW
|
1,013,324 | $112,833,627 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
MGM
MGM RESORTS INT...
|
Consumer Cyclical | 4.02% | 5.78% |
#10
5
Prev: #5
|
2.1 |
—
|
-113,769 | -3.8% |
P
S
|
2,875,004 | $106,403,898 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
SGHC
SUPER GROUP SGH...
|
Consumer Cyclical | 3.84% | — |
#11
Prev: #—
|
5.0 |
—
|
9,424,702 | — |
NEW
|
9,424,702 | $101,786,782 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
TGS
TRANSPORTADORA ...
|
Energy | 3.07% | 5.41% |
#12
6
Prev: #6
|
1.2 |
—
|
-935,932 | -28.5% |
P
S
|
2,347,333 | $81,241,195 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
N/A
QIAGEN NV
|
|
Unknown | 2.73% | — |
#13
Prev: #—
|
4.6 |
—
|
1,807,989 | — |
NEW
|
1,807,989 | $72,391,880 | — | 13F Filing | 2026-03-31 | 2026-05-08 | ||
|
IRS
IRSA INVERSIONE...
|
Real Estate | 2.71% | 3.63% |
#14
5
Prev: #9
|
3.1 |
—
|
286,217 | 6.9% |
P
S
|
4,428,706 | $71,789,324 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
NEWP
NEW PAC METALS ...
|
Basic Materials | 1.55% | 0.43% |
#15
Prev: #15
|
3.6 |
—
|
7,642,644 | 333.2% |
P
S
|
9,936,183 | $41,135,798 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
EDN
EMPRESA DIST Y ...
|
Utilities | 1.51% | 2.54% |
#16
4
Prev: #12
|
1.1 |
—
|
-269,702 | -16.8% |
P
S
|
1,331,614 | $39,975,052 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
HLSCF
HIGHLANDER SILV...
|
Basic Materials | 1.15% | — |
#17
Prev: #—
|
4.0 |
—
|
5,171,822 | — |
NEW
|
5,171,822 | $30,410,313 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
BTG
B2GOLD CORP
|
Basic Materials | 0.00% | 0.01% |
Sold All 😨
(Was: #17) |
0.0 |
—
|
-56,760 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
IFS
INTERCORP FINL ...
|
Financial Services | 0.00% | 0.07% |
Sold All 😨
(Was: #16) |
0.0 |
—
|
-31,223 | -100.0% |
CLOSED
|
— | $— | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
N/A
LITHIUM ARGENTI...
|
|
Bond/Debt | 0.00% | 0.44% |
Sold All 😨
(Was: #14) |
0.0 |
—
|
-9,111,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-08 | ||
|
VEON
VEON LTD
|
Communication Services | 0.00% | 0.96% |
Sold All 😨
(Was: #13) |
0.0 |
—
|
-344,522 | -100.0% |
CLOSED
|
— | $— | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
PAM
PAMPA ENERGIA S...
|
Industrials | 0.00% | 2.65% |
Sold All 😨
(Was: #11) |
0.0 |
—
|
-565,449 | -100.0% |
CLOSED
|
— | $— | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-08 | |||
|
IHS
IHS HOLDING LIM...
|
Real Estate | 0.00% | 3.47% |
Sold All 😨
(Was: #10) |
0.0 |
—
|
-8,780,288 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-08 |
Showing 1-23 of 23 holdings