Helikon Investments Ltd — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Helikon Investments Ltd initiated 6 new positions, increased allocation to 6 existing positions, trimmed 5 positions, and exited 6 positions entirely. The fund's 13F equity book grew from $1.89B to $2.65B (+40.5% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $1.89BPrior quarter
- $2.65BCurrent quarter
- + $0.76BNet delta
- +40.5%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| SILVERCORP METALS INC | SVM | 6.53% | History → |
| FLUTTER ENTMT PLC | FLUT | 5.54% | History → |
| ABIVAX S.A. | ABVX | 4.26% | History → |
| SUPER GROUP SGHC LIMITED | SGHC | 3.84% | Holders → |
| QIAGEN NV | QGEN | 2.73% | Holders → |
| HIGHLANDER SILVER CORP | HSLV | 1.15% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| NEW PAC METALS CORP | NEWP | +1.13% | +333.22% | Holders → |
| IAC INC. | IAC | +1.45% | +88.51% | History → |
| SOLARIS RES INC | SLSR | +1.22% | +72.31% | History → |
| IRSA INVERSIONES Y REP S A | IRS | +-0.92% | +6.91% | Holders → |
| SKEENA RES LTD NEW | SKE | +-1.45% | +4.01% | History → |
| COLLECTIVE MINING LTD | CNL | +-0.94% | +3.09% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| TRANSPORTADORA DE GAS DEL SU | TGS | -2.35% | -28.51% | Holders → |
| ALLIED GOLD CORP | AAUC | -5.64% | -25.62% | History → |
| EMPRESA DIST Y COMERCIAL NOR | EDN | -1.04% | -16.84% | Holders → |
| MGM RESORTS INTERNATIONAL | MGM | -1.77% | -3.81% | History → |
| CORPORACION AMER ARPTS S A | CAAP | -6.14% | -2.95% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| IHS HOLDING LIMITED | IHS | 3.47% |
| PAMPA ENERGIA S A | PAM | 2.65% |
| VEON LTD | VEON | 0.96% |
| LITHIUM ARGENTINA AG | SYN_53680QAA6 | 0.44% |
| INTERCORP FINL SVCS INC | IFS | 0.07% |
| B2GOLD CORP | BTG | 0.01% |
Methodology & FAQ
How Helikon Investments Ltd Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Helikon Investments Ltd against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Helikon Investments Ltd initiate in Q1 2026?
Helikon Investments Ltd established 6 new positions in Q1 2026: SILVERCORP METALS INC (SVM, 6.53%), FLUTTER ENTMT PLC (FLUT, 5.54%), ABIVAX S.A. (ABVX, 4.26%), SUPER GROUP SGHC LIMITED (SGHC, 3.84%), QIAGEN NV (QGEN, 2.73%), HIGHLANDER SILVER CORP (HSLV, 1.15%).
Which existing positions saw the largest allocation increases for Helikon Investments Ltd in Q1 2026?
The largest portfolio-weight increases in existing positions were: NEW PAC METALS CORP (NEWP, +1.13% weight, +333.22% shares), IAC INC. (IAC, +1.45% weight, +88.51% shares), SOLARIS RES INC (SLSR, +1.22% weight, +72.31% shares), IRSA INVERSIONES Y REP S A (IRS, +-0.92% weight, +6.91% shares), SKEENA RES LTD NEW (SKE, +-1.45% weight, +4.01% shares), COLLECTIVE MINING LTD (CNL, +-0.94% weight, +3.09% shares).
Which positions did Helikon Investments Ltd fully exit in Q1 2026?
Helikon Investments Ltd fully exited 6 positions in Q1 2026: IHS HOLDING LIMITED (IHS, last-reported weight 3.47%), PAMPA ENERGIA S A (PAM, last-reported weight 2.65%), VEON LTD (VEON, last-reported weight 0.96%), LITHIUM ARGENTINA AG (SYN_53680QAA6, last-reported weight 0.44%), INTERCORP FINL SVCS INC (IFS, last-reported weight 0.07%), B2GOLD CORP (BTG, last-reported weight 0.01%).
Which existing positions saw the largest allocation reductions for Helikon Investments Ltd in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: TRANSPORTADORA DE GAS DEL SU (TGS, -2.35% weight, -28.51% shares), ALLIED GOLD CORP (AAUC, -5.64% weight, -25.62% shares), EMPRESA DIST Y COMERCIAL NOR (EDN, -1.04% weight, -16.84% shares), MGM RESORTS INTERNATIONAL (MGM, -1.77% weight, -3.81% shares), CORPORACION AMER ARPTS S A (CAAP, -6.14% weight, -2.95% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.