Helikon Investments Ltd 13F: Quarter-over-Quarter Portfolio Changes
Helikon Investments Ltd reported a disclosed portfolio value of approximately $2.6 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 40.5% quarter on quarter. Over the quarter, the fund initiated 6 new positions, bought more shares in 6 holdings, trimmed 5 holdings, and exited 6 positions.
Helikon Investments Ltd's top buy was a new stake in Silvercorp Metals INC (SVM) , equal to 6.5% of the disclosed portfolio. Its top sell was Ihs Holding Limited (IHS) . The fund exited the position completely after it had accounted for 3.5% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SILVERCORP METALS INC | SVM | 6.5% | History → |
| FLUTTER ENTMT PLC | FLUT | 5.5% | History → |
| ABIVAX SA | ABVX | 4.3% | History → |
| SUPER GROUP SGHC LIMITED | SGHC | 3.8% | Holders → |
| QIAGEN NV | QGEN | 2.7% | Holders → |
| HIGHLANDER SILVER CORP | HSLV | 1.1% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| NEW PAC METALS CORP | NEWP | +1.1% | +333.2% | Holders → |
| IAC INC. | IAC | +1.4% | +88.5% | History → |
| SOLARIS RES INC | SLSR | +1.2% | +72.3% | History → |
| IRSA INVERSIONES Y REP S A | IRS | +-0.9% | +6.9% | Holders → |
| SKEENA RES LTD NEW | SKE | +-1.5% | +4.0% | History → |
| COLLECTIVE MINING LTD | CNL | +-0.9% | +3.1% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| TRANSPORT GA-ADR | TGS | -2.3% | 28.5% | Holders → |
| ALLIED GOLD CORP | AAUC | -5.6% | 25.6% | History → |
| EMPRESA DIST Y COMERCIAL NOR | EDN | -1.0% | 16.8% | Holders → |
| MGM RESORTS INTERNATIONAL | MGM | -1.8% | 3.8% | History → |
| CORPORACION AMER ARPTS S A | CAAP | -6.1% | 3.0% | History → |
Full ExitsQ1 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 | 3.5% |
| PAMPA ENERGIA S A | PAM | 2.7% |
| VEON LTD | VEON | 1.0% |
| LITHIUM ARGENTINA AG | LARCN 1.75 01/15/27 | 0.4% |
| INTERCORP FINL SVCS INC | IFS | 0.1% |
| B2GOLD CORP | BTG | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $1.9BPrior quarter
- $2.6BCurrent quarter
- +$0.8BNet delta
- +40.5%% change
Methodology & FAQ
How Helikon Investments Ltd Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Helikon Investments Ltd: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Helikon Investments Ltd buy in Q1 2026?
In Q1 2026, Helikon Investments Ltd initiated 6 new positions (SILVERCORP METALS INC (SVM), FLUTTER ENTMT PLC (FLUT), ABIVAX SA (ABVX), SUPER GROUP SGHC LIMITED (SGHC), QIAGEN NV (QGEN), HIGHLANDER SILVER CORP (HSLV)); bought more shares of NEW PAC METALS CORP (NEWP), IAC INC. (IAC), SOLARIS RES INC (SLSR), IRSA INVERSIONES Y REP S A (IRS), SKEENA RES LTD NEW (SKE) — the largest 5 of 6 adds.
What stocks did Helikon Investments Ltd sell in Q1 2026?
In Q1 2026, Helikon Investments Ltd fully sold 6 positions (IHS HOLDING LIMITED (IHS), PAMPA ENERGIA S A (PAM), VEON LTD (VEON), LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27), INTERCORP FINL SVCS INC (IFS), B2GOLD CORP (BTG)); reduced holdings in TRANSPORT GA-ADR (TGS), ALLIED GOLD CORP (AAUC), EMPRESA DIST Y COMERCIAL NOR (EDN), MGM RESORTS INTERNATIONAL (MGM), CORPORACION AMER ARPTS S A (CAAP).
Which positions did Helikon Investments Ltd initiate in Q1 2026?
Helikon Investments Ltd established 6 new positions in Q1 2026: SILVERCORP METALS INC (SVM, 6.5%), FLUTTER ENTMT PLC (FLUT, 5.5%), ABIVAX SA (ABVX, 4.3%), SUPER GROUP SGHC LIMITED (SGHC, 3.8%), QIAGEN NV (QGEN, 2.7%), HIGHLANDER SILVER CORP (HSLV, 1.1%).
Which existing positions saw the largest allocation increases for Helikon Investments Ltd in Q1 2026?
Of 6 existing positions with share-count increases in Q1 2026, the largest were: NEW PAC METALS CORP (NEWP, +1.1% weight, +333.2% shares), IAC INC. (IAC, +1.4% weight, +88.5% shares), SOLARIS RES INC (SLSR, +1.2% weight, +72.3% shares), IRSA INVERSIONES Y REP S A (IRS, +-0.9% weight, +6.9% shares), SKEENA RES LTD NEW (SKE, +-1.5% weight, +4.0% shares), COLLECTIVE MINING LTD (CNL, +-0.9% weight, +3.1% 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 3.5%), PAMPA ENERGIA S A (PAM, last-reported weight 2.7%), VEON LTD (VEON, last-reported weight 1.0%), LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27, last-reported weight 0.4%), INTERCORP FINL SVCS INC (IFS, last-reported weight 0.1%), B2GOLD CORP (BTG, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Helikon Investments Ltd in Q1 2026?
Of 5 existing positions with share-count reductions in Q1 2026, the largest were: TRANSPORT GA-ADR (TGS, -2.3% weight, -28.5% shares), ALLIED GOLD CORP (AAUC, -5.6% weight, -25.6% shares), EMPRESA DIST Y COMERCIAL NOR (EDN, -1.0% weight, -16.8% shares), MGM RESORTS INTERNATIONAL (MGM, -1.8% weight, -3.8% shares), CORPORACION AMER ARPTS S A (CAAP, -6.1% weight, -3.0% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.