1y return+52.6%S&P 500 +20.9%
3y return+240.4%S&P 500 +68.5%
5y return+334.6%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $367 against $200 in the S&P 500.2
Helikon Investments LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SKESkeena Res Ltd New | $448.5M | 13.4% | +2.2% |
| ABVXAbivax Sa | $371.4M | 11.1% | +175.0% |
| EGOEldorado Gold Corp New | $347.6M | 10.4% | New |
| Corporacion Amer Arpts S ACUSIP L1995B107 | $342.3M | 10.2% | +3.3% |
| AAUCAllied Gold Corp | $275.0M | 8.2% | −5.8% |
| PPLIPeople Inc | $260.9M | 7.8% | +60.7% |
| Super Group Sghc LimitedCUSIP G8588X103 | $233.9M | 7.0% | +83.2% |
| SVMSilvercorp Metals Inc | $176.1M | 5.3% | +8.2% |
| Flutter Entmt PLCCUSIP G3643J108 | $159.9M | 4.8% | +8.7% |
| SLSRSolaris Res Inc | $158.8M | 4.7% | +21.9% |
| CNLCollective Mining Ltd | $130.5M | 3.9% | −3.0% |
| Qiagen NvCUSIP N72482156 | $120.6M | 3.6% | +70.6% |
| MGMMgm Resorts International | $96.8M | 2.9% | −29.6% |
| IRSIrsa Inversiones Y Rep S A | $75.8M | 2.3% | +10.8% |
| NEWPNew Pac Metals Corp | $74.1M | 2.2% | +85.6% |
| HSLVHighlander Silver Corp | $37.3M | 1.1% | +54.9% |
| AEMAgnico Eagle Mines Ltd | $22.7M | 0.7% | New |
| EDNEmpresa Dist Y Comercial Nor | $15.2M | 0.5% | −54.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Corporacion Amer Arpts S ACUSIP L1995B107 | December 31, 2020 | +530.9% | $342.3M |
| CNLCollective Mining Ltd | September 30, 2024 | +282.7% | $130.5M |
| SKESkeena Res Ltd New | September 30, 2024 | +215.1% | $448.5M |
| SLSRSolaris Res Inc | March 31, 2025 | +149.3% | $158.8M |
| IRSIrsa Inversiones Y Rep S A | December 31, 2023 | +79.5% | $75.8M |
| AAUCAllied Gold Corp | June 30, 2025 | +76.9% | $275.0M |
| EDNEmpresa Dist Y Comercial Nor | June 30, 2023 | +61.9% | $15.2M |
| MGMMgm Resorts International | March 31, 2025 | +61.3% | $96.8M |
| Super Group Sghc LimitedCUSIP G8588X103 | March 31, 2026 | +25.5% | $233.9M |
| PPLIPeople Inc | June 30, 2025 | +23.6% | $260.9M |
Sold off last quarter
- TGSTransportadora De Gas Del Su was $81.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −5.4% | +14.8% |
| March 31, 2026 | +14.7% | −4.6% |
| December 31, 2025 | +27.5% | +2.4% |
| September 30, 2025 | +10.2% | +7.8% |
| June 30, 2025 | +12.1% | +10.5% |
| March 31, 2025 | +6.9% | −4.6% |
| December 31, 2024 | +13.4% | +2.1% |
| September 30, 2024 | +12.0% | +5.4% |
| June 30, 2024 | +5.0% | +4.0% |
| March 31, 2024 | +14.3% | +10.0% |
| December 31, 2023 | +26.6% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +11.7% | +8.3% |
| March 31, 2023 | +19.9% | +7.0% |
| December 31, 2022 | +34.6% | +7.1% |
| September 30, 2022 | −10.4% | −5.3% |
| June 30, 2022 | −31.9% | −16.5% |
| March 31, 2022 | +18.7% | −4.9% |
| December 31, 2021 | +15.1% | +10.7% |
| September 30, 2021 | −15.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Helikon Investments Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1839497&type=13F-HR&dateb=&owner=include&count=40CIK 1839497
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1839497/000183949726000003/Filed August 11, 2026 · accession 0001839497-26-000003