HELIKON INVESTMENTS LTD
Q1 2026 Form 13-F
LONDON
CIK 0001839497
· Institutional investment manager
$2.6B Reported Value Total
Reported value
$2.6B
Quarter over quarter
+15.6%
Holdings
17
Top-10 concentration
83.4%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Paul Mclernon
Director
Filing Navigation
13F Metrics
Loading 13F Metrics
Q1 2026 13F record
Q1 2026 13F filing summary
| Period of report | March 31, 2026 |
|---|---|
| Filed | May 08, 2026 |
| Form | 13F-HR |
| Reported value | $2.6B |
| Positions | 17 |
| Change in reported value | +40.5% |
| New positions | 6 |
| Exited positions | 6 |
| Position turnover | 52.2% |
| Top-10 concentration | 83.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 11, 2026
|
18 | $3.3B |
|
Q1 2026 13F
Filed May 8, 2026
|
17 | $2.6B |
|
Q4 2025 13F
Filed Feb 5, 2026
|
16 | $1.9B |
|
Q3 2025 13F
Filed Nov 10, 2025
|
16 | $1.5B |
|
Q2 2025 13F
Filed Aug 8, 2025
|
18 | $1.6B |
|
Q1 2025 13F
Filed May 12, 2025
|
20 | $1.3B |
|
Q4 2024 13F
Filed Jan 22, 2025
|
18 | $961.0M |
|
Q3 2024 13F
Filed Oct 28, 2024
|
18 | $1.1B |
|
Q2 2024 13F
Filed Jul 30, 2024
|
17 | $1.1B |
|
Q1 2024 13F
Filed Apr 18, 2024
|
16 | $1.2B |
|
Q4 2023 13F
Filed Feb 12, 2024
|
15 | $1.0B |
|
Q3 2023 13F
Filed Oct 31, 2023
|
15 | $819.3M |
|
Q2 2023 13F
Filed Jul 28, 2023
|
15 | $819.4M |
|
Q1 2023 13F
Filed May 9, 2023
|
12 | $748.2M |
|
Q4 2022 13F
Filed Feb 3, 2023
|
8 | $532.3M |
|
Q3 2022 13F
Filed Nov 8, 2022
|
6 | $340.8M |
|
Q2 2022 13F
Filed Jul 19, 2022
|
4 | $253.0M |
|
Q1 2022 13F
Filed Apr 26, 2022
|
6 | $332.7M |
|
Q4 2021 13F
Filed Jan 18, 2022
|
4 | $314.6M |
|
Q3 2021 13F
Filed Oct 20, 2021
|
3 | $343.4M |
3 earlier quarters on file — choose one from the quarter menu above.
Top 17 holdings · Q1 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SKE SKEENA RES LTD NEW | $489.3M | 18.47% |
| 2 | AAUC ALLIED GOLD CORP | $380.9M | 14.38% |
| 3 | CAAP CORPORACION AMER ARPTS S A | $332.9M | 12.57% |
| 4 | CNL COLLECTIVE MINING LTD | $193.3M | 7.3% |
| 5 | SVM SILVERCORP METALS INC | $173.1M | 6.53% |
| 6 | FLUT FLUTTER ENTMT PLC | $146.8M | 5.54% |
| 7 | IAC IAC INC | $140.8M | 5.32% |
| 8 | SLSR SOLARIS RES INC | $133.4M | 5.04% |
| 9 | ABVX ABIVAX SA | $112.8M | 4.26% |
| 10 | MGM MGM RESORTS INTERNATIONAL | $106.4M | 4.02% |
| 11 | SGHC SUPER GROUP SGHC LIMITED | $101.8M | 3.84% |
| 12 | TGS TRANSPORTADORA DE GAS DEL SU | $81.2M | 3.07% |
| 13 | QGENZZZZ QIAGEN NV | $72.4M | 2.73% |
| 14 | IRS IRSA INVERSIONES Y REP S A | $71.8M | 2.71% |
| 15 | NEWP NEW PAC METALS CORP | $41.1M | 1.55% |
| 16 | EDN EMPRESA DIST Y COMERCIAL NOR | $40.0M | 1.51% |
| 17 | HLSCF HIGHLANDER SILVER CORP | $30.4M | 1.15% |
Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.