Helikon Investments Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Helikon Investments Ltd disclosed 17 US equity positions worth $1.5bn in its Q3 2025 13F filing. The largest position was SKE at 21.3% of the reported book, followed by AAUC and CORPORACION AMER ARPTS S A. Against the Q2 2025 filing, it opened 2 new positions, added to 8 and reduced 4 among the top 17 holdings.
What did Helikon Investments Ltd own in Q3 2025? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SKE SKEENA RES LTD NEW | 21.3% | $310.9m | 16,871,819 | 20% | added | |
| 2 | AAUC ALLIED GOLD CORP | 17.7% | $258.0m | 14,736,634 | 25% | added | |
| 3 | CORPORACION AMER ARPTS S A | 16.7% | $243.4m | 13,430,445 | 1% | added | |
| 4 | COLLECTIVE MINING LTD | 10.3% | $151.1m | 10,455,037 | 5% | added | |
| 5 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 8.3% | $120.8m | 3,486,261 | -60% | reduced |
| 6 | TGS TRANSPORTADORA DE GAS SUR | Energy | 4.2% | $60.9m | 2,897,250 | – | new |
| 7 | PPLI IAC INC | Communication Services | 3.1% | $45.2m | 1,325,799 | -35% | reduced |
| 8 | SLSR SOLARIS RES INC | 3.0% | $43.4m | 6,811,620 | 42% | added | |
| 9 | PAM PAMPA ENERGIA S A | Industrials | 2.9% | $42.0m | 698,775 | 42% | added |
| 10 | IRS IRSA INVERSIONES Y REP S A | 2.8% | $40.5m | 3,423,977 | 45% | added | |
| 11 | INTERCORP FINL SVCS INC | 2.6% | $37.7m | 935,698 | -21% | reduced | |
| 12 | IHS IHS HOLDING LIMITED | Real Estate | 2.3% | $33.0m | 4,845,561 | 106% | added |
| 13 | VEON VEON LTD | 1.9% | $27.9m | 512,938 | -65% | reduced | |
| 14 | EDN EMPRESA DIST Y COMERCIAL NOR | 1.9% | $27.8m | 1,788,285 | 0% | held | |
| 15 | LITHIUM ARGENTINA AG | 0.9% | $13.2m | 14,611,000 | 0% | held | |
| 16 | CRESY CRESUD S A C I F Y A | 0.2% | $3.6m | 395,181 | 0% | held | |
| 17 | LOMA LOMA NEGRA C I A S A MTN 14 | 0.1% | $1.8m | 242,501 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.