Helikon Investments Ltd 13F: Quarter-over-Quarter Portfolio Changes
Helikon Investments Ltd reported a disclosed portfolio value of approximately $3.3 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 26.4% quarter on quarter. Over the quarter, the fund initiated 2 new positions, bought more shares in 12 holdings, trimmed 4 holdings, and exited 1 position.
Helikon Investments Ltd's top buy was a new stake in Eldorado Gold CORP (EGO) , equal to 10.4% of the disclosed portfolio. Its top sell was Transportadora De Gas Del Su (TGS) . The fund exited the position completely after it had accounted for 3.1% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ELDORADO GOLD CORP | EGO | 10.4% | History → |
| AGNICO EAGLE MINES LTD | AEM | 0.7% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 12 existing positions where the fund bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| ABIVAX SA | ABVX | +6.8% | +175.0% | History → |
| NEW PAC METALS CORP | NEWP | +0.7% | +85.6% | Holders → |
| SUPER GROUP SGHC LIMITED | SGHC | +3.1% | +83.2% | History → |
| QIAGEN NV | QGEN | +0.9% | +70.6% | Holders → |
| PEOPLE INC | IAC | +2.5% | +60.7% | History → |
| HIGHLANDER SILVER CORP | HSLV | +-0.0% | +54.9% | Holders → |
| SOLARIS RES INC | SLSR | +-0.3% | +21.9% | History → |
| IRSA INVERSIONES Y REP S A | IRS | +-0.4% | +10.8% | Holders → |
| FLUTTER ENTMT PLC | FLUT | +-0.8% | +8.7% | History → |
| SILVERCORP METALS INC | SVM | +-1.3% | +8.2% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| EMPRESA DIST Y COMERCIAL NOR | EDN | -1.1% | 54.4% | Holders → |
| MGM RESORTS INTERNATIONAL | MGM | -1.1% | 29.6% | Holders → |
| ALLIED GOLD CORP | AAUC | -6.2% | 5.8% | History → |
| COLLECTIVE MINING LTD | CNL | -3.4% | 3.0% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| TRANSPORTADORA DE GAS DEL SU | TGS | 3.1% |
Net Portfolio Value ChangeQ2 2026
- $2.6BPrior quarter
- $3.3BCurrent quarter
- +$0.7BNet delta
- +26.4%% 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 Q2 2026?
In Q2 2026, Helikon Investments Ltd initiated 2 new positions (ELDORADO GOLD CORP (EGO), AGNICO EAGLE MINES LTD (AEM)); bought more shares of ABIVAX SA (ABVX), NEW PAC METALS CORP (NEWP), SUPER GROUP SGHC LIMITED (SGHC), QIAGEN NV (QGEN), PEOPLE INC (IAC) (the largest 5 of 12 adds).
What stocks did Helikon Investments Ltd sell in Q2 2026?
In Q2 2026, Helikon Investments Ltd fully sold 1 position (TRANSPORTADORA DE GAS DEL SU (TGS)); reduced holdings in EMPRESA DIST Y COMERCIAL NOR (EDN), MGM RESORTS INTERNATIONAL (MGM), ALLIED GOLD CORP (AAUC), COLLECTIVE MINING LTD (CNL).
Which positions did Helikon Investments Ltd initiate in Q2 2026?
Helikon Investments Ltd established 2 new positions in Q2 2026: ELDORADO GOLD CORP (EGO, 10.4%), AGNICO EAGLE MINES LTD (AEM, 0.7%).
Which existing positions saw the largest allocation increases for Helikon Investments Ltd in Q2 2026?
Of 12 existing positions with share-count increases in Q2 2026, the largest were: ABIVAX SA (ABVX, +6.8% weight, +175.0% shares), NEW PAC METALS CORP (NEWP, +0.7% weight, +85.6% shares), SUPER GROUP SGHC LIMITED (SGHC, +3.1% weight, +83.2% shares), QIAGEN NV (QGEN, +0.9% weight, +70.6% shares), PEOPLE INC (IAC, +2.5% weight, +60.7% shares), HIGHLANDER SILVER CORP (HSLV, +-0.0% weight, +54.9% shares), SOLARIS RES INC (SLSR, +-0.3% weight, +21.9% shares), IRSA INVERSIONES Y REP S A (IRS, +-0.4% weight, +10.8% shares), FLUTTER ENTMT PLC (FLUT, +-0.8% weight, +8.7% shares), SILVERCORP METALS INC (SVM, +-1.3% weight, +8.2% shares).
Which positions did Helikon Investments Ltd fully exit in Q2 2026?
Helikon Investments Ltd fully exited 1 position in Q2 2026: TRANSPORTADORA DE GAS DEL SU (TGS, last-reported weight 3.1%).
Which existing positions saw the largest allocation reductions for Helikon Investments Ltd in Q2 2026?
Of 4 existing positions with share-count reductions in Q2 2026, the largest were: EMPRESA DIST Y COMERCIAL NOR (EDN, -1.1% weight, -54.4% shares), MGM RESORTS INTERNATIONAL (MGM, -1.1% weight, -29.6% shares), ALLIED GOLD CORP (AAUC, -6.2% weight, -5.8% shares), COLLECTIVE MINING LTD (CNL, -3.4% 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.