Helikon Investments Ltd 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Helikon Investments Ltd disclosed 17 US equity positions worth $1.9bn in its Q4 2025 13F filing. The largest position was AAUC at 20.0% of the reported book, followed by SKE and CORPORACION AMER ARPTS S A. Against the Q3 2025 filing, it opened 2 new positions, added to 8 and reduced 7 among the top 17 holdings.
What did Helikon Investments Ltd own in Q4 2025? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | AAUC ALLIED GOLD CORP | 20.0% | $377.5m | 16,498,498 | 12% | added | |
| 2 | SKE SKEENA RES LTD NEW | 19.9% | $375.6m | 15,828,709 | -6% | reduced | |
| 3 | CORPORACION AMER ARPTS S A | 18.7% | $352.7m | 13,565,960 | 1% | added | |
| 4 | COLLECTIVE MINING LTD | 8.2% | $155.4m | 10,650,248 | 2% | added | |
| 5 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 5.8% | $109.1m | 2,988,773 | -14% | reduced |
| 6 | TGS TRANSPORTADORA DE GAS SUR | Energy | 5.4% | $102.1m | 3,283,265 | 13% | added |
| 7 | PPLI IAC INC | Communication Services | 3.9% | $73.0m | 1,866,442 | 41% | added |
| 8 | SLSR SOLARIS RES INC | 3.8% | $71.9m | 9,022,072 | 32% | added | |
| 9 | IRS IRSA INVERSIONES Y REP S A | 3.6% | $68.5m | 4,142,489 | 21% | added | |
| 10 | IHS IHS HOLDING LIMITED | Real Estate | 3.5% | $65.5m | 8,780,288 | 81% | added |
| 11 | PAM PAMPA ENERGIA S A | Industrials | 2.7% | $50.0m | 565,449 | -19% | reduced |
| 12 | EDN EMPRESA DIST Y COMERCIAL NOR | 2.5% | $48.0m | 1,601,316 | -10% | reduced | |
| 13 | VEON VEON LTD | 1.0% | $18.1m | 344,522 | -33% | reduced | |
| 14 | LITHIUM ARGENTINA AG | 0.4% | $8.3m | 9,111,000 | -38% | reduced | |
| 15 | NEWP NEW PAC METALS CORP | 0.4% | $8.1m | 2,293,539 | – | new | |
| 16 | INTERCORP FINL SVCS INC | 0.1% | $1.3m | 31,223 | -97% | reduced | |
| 17 | BTG B2GOLD CORP | Basic Materials | 0.0% | $256.0k | 56,760 | – | 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.