Filed: 11/10/2025ACC: 0001839497-25-000007
📋 What this filing means
HELIKON INVESTMENTS LTD filed this quarterly 13F‑HR report disclosing 17 equity positions with a total reported market value of $1.46B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
17
Positions
$1.46B
Total AUM (reported)
97.47M
Total Shares
Allocation by class
COM$1.08B74.2%
COM NEW$88.56M6.1%
SPONSORED ADS B$60.93M4.2%
SPONS ADR LVL I$41.97M2.9%
SPON GDS ECH 10$40.54M2.8%
SHS$37.75M2.6%
ORD SHS$33.05M2.3%
Portfolio Concentration
Top 3$812.35M55.6%
4–10$503.91M34.5%
11–25$145.15M9.9%
Top 3 weight
55.6%
Top 10 weight
90.1%
Voting Authority Distribution
Total shares with voting rights: 97.47M
Sole
Full voting authority
97.47M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole17
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings17
Rows:
SKEENA RES LTD NEW
SOLEShares16.87M
TypeSH
Market value$310.95M
21.28%
Sole
16.87M
Shared
0.00
None
0.00
ALLIED GOLD CORP
SOLEShares14.74M
TypeSH
Market value$258.04M
17.66%
Sole
14.74M
Shared
0.00
None
0.00
CORPORACION AMER ARPTS S A
SOLEShares13.43M
TypeSH
Market value$243.36M
16.65%
Sole
13.43M
Shared
0.00
None
0.00
COLLECTIVE MINING LTD
SOLEShares10.46M
TypeSH
Market value$151.08M
10.34%
Sole
10.46M
Shared
0.00
None
0.00
MGM RESORTS INTERNATIONAL
SOLEShares3.49M
TypeSH
Market value$120.83M
8.27%
Sole
3.49M
Shared
0.00
None
0.00
TRANSPORTADORA DE GAS SUR
SOLEShares2.90M
TypeSH
Market value$60.93M
4.17%
Sole
2.90M
Shared
0.00
None
0.00
IAC INC
SOLEShares1.33M
TypeSH
Market value$45.17M
3.09%
Sole
1.33M
Shared
0.00
None
0.00
SOLARIS RES INC
SOLEShares6.81M
TypeSH
Market value$43.39M
2.97%
Sole
6.81M
Shared
0.00
None
0.00
PAMPA ENERGIA S A
SOLEShares698.77K
TypeSH
Market value$41.97M
2.87%
Sole
698.77K
Shared
0.00
None
0.00
IRSA INVERSIONES Y REP S A
SOLEShares3.42M
TypeSH
Market value$40.54M
2.77%
Sole
3.42M
Shared
0.00
None
0.00
INTERCORP FINL SVCS INC
SOLEShares935.70K
TypeSH
Market value$37.75M
2.58%
Sole
935.70K
Shared
0.00
None
0.00
IHS HOLDING LIMITED
SOLEShares4.85M
TypeSH
Market value$33.05M
2.26%
Sole
4.85M
Shared
0.00
None
0.00
VEON LTD
SOLEShares512.94K
TypeSH
Market value$27.92M
1.91%
Sole
512.94K
Shared
0.00
None
0.00
EMPRESA DIST Y COMERCIAL NOR
SOLEShares1.79M
TypeSH
Market value$27.83M
1.90%
Sole
1.79M
Shared
0.00
None
0.00
LITHIUM ARGENTINA AG
SOLEShares14.61M
TypePRN
Market value$13.18M
0.90%
Sole
14.61M
Shared
0.00
None
0.00
CRESUD S A C I F Y A
SOLEShares395.18K
TypeSH
Market value$3.64M
0.25%
Sole
395.18K
Shared
0.00
None
0.00
LOMA NEGRA C I A S A MTN 14
SOLEShares242.50K
TypeSH
Market value$1.79M
0.12%
Sole
242.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SKEENA RES LTD NEWSOLE | COM | 16.87M | SH | $310.95M 21.28% | 16.87M | 0.00 | 0.00 |
ALLIED GOLD CORPSOLE | COM | 14.74M | SH | $258.04M 17.66% | 14.74M | 0.00 | 0.00 |
CORPORACION AMER ARPTS S ASOLE | COM | 13.43M | SH | $243.36M 16.65% | 13.43M | 0.00 | 0.00 |
COLLECTIVE MINING LTDSOLE | COM | 10.46M | SH | $151.08M 10.34% | 10.46M | 0.00 | 0.00 |
MGM RESORTS INTERNATIONALSOLE | COM | 3.49M | SH | $120.83M 8.27% | 3.49M | 0.00 | 0.00 |
TRANSPORTADORA DE GAS SURSOLE | SPONSORED ADS B | 2.90M | SH | $60.93M 4.17% | 2.90M | 0.00 | 0.00 |
IAC INCSOLE | COM NEW | 1.33M | SH | $45.17M 3.09% | 1.33M | 0.00 | 0.00 |
SOLARIS RES INCSOLE | COM NEW | 6.81M | SH | $43.39M 2.97% | 6.81M | 0.00 | 0.00 |
PAMPA ENERGIA S ASOLE | SPONS ADR LVL I | 698.77K | SH | $41.97M 2.87% | 698.77K | 0.00 | 0.00 |
IRSA INVERSIONES Y REP S ASOLE | SPON GDS ECH 10 | 3.42M | SH | $40.54M 2.77% | 3.42M | 0.00 | 0.00 |
INTERCORP FINL SVCS INCSOLE | SHS | 935.70K | SH | $37.75M 2.58% | 935.70K | 0.00 | 0.00 |
IHS HOLDING LIMITEDSOLE | ORD SHS | 4.85M | SH | $33.05M 2.26% | 4.85M | 0.00 | 0.00 |
VEON LTDSOLE | SPONSORED ADS | 512.94K | SH | $27.92M 1.91% | 512.94K | 0.00 | 0.00 |
EMPRESA DIST Y COMERCIAL NORSOLE | SPON ADR | 1.79M | SH | $27.83M 1.90% | 1.79M | 0.00 | 0.00 |
LITHIUM ARGENTINA AGSOLE | NOTE 1.750% 1/1 | 14.61M | PRN | $13.18M 0.90% | 14.61M | 0.00 | 0.00 |
CRESUD S A C I F Y ASOLE | SPONSORED ADR | 395.18K | SH | $3.64M 0.25% | 395.18K | 0.00 | 0.00 |
LOMA NEGRA C I A S A MTN 14SOLE | SPONSORED ADS | 242.50K | SH | $1.79M 0.12% | 242.50K | 0.00 | 0.00 |