Helikon Investments Ltd Diversified Active

CIK: 0001839497 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 8, 2025

Total Value ($000): $1,613,720 (99.2% shares, 0.8% debt)

Holdings (19)

MGM MGM RESORTS INTERNATIONAL 18.8%

Value ($000) $302,987 Shares 8,810,322 Est. Cost $32.10 Unrealized -1.2%

CAAP CORPORACION AMER ARPTS S A 16.8%

Value ($000) $270,320 Shares 13,342,552 Est. Cost $11.58 Unrealized +70.0%

SKE SKEENA RES LTD NEW 13.8%

Value ($000) $223,359 Shares 14,030,111 Est. Cost $9.55 Unrealized +31.9%

AAUC ALLIED GOLD CORP 9.9%

Value ($000) $159,427 Shares 11,791,913 Est. Cost $12.69 Unrealized 0.0%

CNL COLLECTIVE MINING LTD 6.7%

Value ($000) $108,491 Shares 9,916,894 Est. Cost $4.07 Unrealized +149.1%

EGO ELDORADO GOLD CORP NEW 6.0%

Value ($000) $96,836 Shares 4,760,879 Est. Cost $9.74 Unrealized +99.7%

IAC IAC INC 4.7%

Value ($000) $76,056 Shares 2,036,840 Est. Cost $36.14 Unrealized 0.0%

VEON VEON LTD 4.2%

Value ($000) $67,368 Shares 1,462,295 Est. Cost $21.76 Unrealized —

EDN EMPRESA DIST Y COMERCIAL NOR 2.9%

Value ($000) $47,372 Shares 1,788,285 Est. Cost $26.99 Unrealized —

IFS INTERCORP FINL SVCS INC 2.8%

Value ($000) $45,306 Shares 1,188,211 Est. Cost $24.00 Unrealized +43.0%

EQX EQUINOX GOLD CORP 2.7%

Value ($000) $44,272 Shares 7,699,497 Est. Cost $6.25 Unrealized +3.9%

PAM PAMPA ENERGIA S A 2.1%

Value ($000) $34,175 Shares 492,578 Est. Cost $53.99 Unrealized —

IRS IRSA INVERSIONES Y REP S A 2.0%

Value ($000) $32,975 Shares 2,367,181 Est. Cost $11.07 Unrealized —

— COHEN CIRCLE ACQUISITION COR 1.7%

Value ($000) $27,344 Shares 2,492,592 Est. Cost $11.15 Unrealized —

AGRO ADECOAGRO S A 1.6%

Value ($000) $25,825 Shares 2,825,500 Est. Cost $9.81 Unrealized -1.4%

SLSR SOLARIS RES INC 1.4%

Value ($000) $22,037 Shares 4,811,620 Est. Cost $3.96 Unrealized +2.6%

IHS IHS HOLDING LIMITED 0.8%

Value ($000) $13,107 Shares 2,357,338 Est. Cost $4.44 Unrealized +21.3%

— LITHIUM ARGENTINA AG 0.8%

Value ($000) $12,211 Shares 14,611,000 Est. Cost $0.78 Unrealized —

CRESY CRESUD S A C I F Y A 0.3%

Value ($000) $4,252 Shares 395,181 Est. Cost $7.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MGM	MGM RESORTS INTERNATIONAL	8,810,322	$302,987	18.8%	$32.10	-1.2%	COM	552953101
CAAP	CORPORACION AMER ARPTS S A	13,342,552	$270,320	16.8%	$11.58	+70.0%	COM	L1995B107
SKE	SKEENA RES LTD NEW	14,030,111	$223,359	13.8%	$9.55	+31.9%	COM	83056P715
AAUC	ALLIED GOLD CORP	11,791,913	$159,427	9.9%	$12.69	0.0%	COM	01921D204
CNL	COLLECTIVE MINING LTD	9,916,894	$108,491	6.7%	$4.07	+149.1%	COM	19425C100
EGO	ELDORADO GOLD CORP NEW	4,760,879	$96,836	6.0%	$9.74	+99.7%	COM	284902509
IAC	IAC INC	2,036,840	$76,056	4.7%	$36.14	0.0%	COM NEW	44891N208
VEON	VEON LTD	1,462,295	$67,368	4.2%	$21.76	—	SPONSORED ADS	91822M502
EDN	EMPRESA DIST Y COMERCIAL NOR	1,788,285	$47,372	2.9%	$26.99	—	SPON ADR	29244A102
IFS	INTERCORP FINL SVCS INC	1,188,211	$45,306	2.8%	$24.00	+43.0%	SHS	P5626F128
EQX	EQUINOX GOLD CORP	7,699,497	$44,272	2.7%	$6.25	+3.9%	COM	29446Y502
PAM	PAMPA ENERGIA S A	492,578	$34,175	2.1%	$53.99	—	SPONS ADR LVL I	697660207
IRS	IRSA INVERSIONES Y REP S A	2,367,181	$32,975	2.0%	$11.07	—	SPON GDS ECH 10	450047303
—	COHEN CIRCLE ACQUISITION COR	2,492,592	$27,344	1.7%	$11.15	—	SHS CL A	G3730H106
AGRO	ADECOAGRO S A	2,825,500	$25,825	1.6%	$9.81	-1.4%	COM	L00849106
SLSR	SOLARIS RES INC	4,811,620	$22,037	1.4%	$3.96	+2.6%	COM NEW	83419D201
IHS	IHS HOLDING LIMITED	2,357,338	$13,107	0.8%	$4.44	+21.3%	ORD SHS	G4701H109
—	LITHIUM ARGENTINA AG	14,611,000	$12,211	0.8%	$0.78	—	NOTE 1.750% 1/1	53680QAA6
CRESY	CRESUD S A C I F Y A	395,181	$4,252	0.3%	$7.90	—	SPONSORED ADR	226406106