Helikon Investments Ltd Diversified Active

Location: London, United Kingdom

CIK: 0001839497 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 5, 2026

Total Value: $1.885B (99.6% shares, 0.4% debt)

Holdings (17)

AAUC ALLIED GOLD CORP 20.0%

Value $377M Shares 16,498,498 Est. Cost $13.64 Unrealized +41.2%

SKE SKEENA RES LTD NEW 19.9%

Value $376M Shares 15,828,709 Est. Cost $10.70 Unrealized +84.4%

CAAP CORPORACION AMER ARPTS S A 18.7%

Value $353M Shares 13,565,960 Est. Cost $11.69 Unrealized +91.6%

CNL COLLECTIVE MINING LTD 8.2%

Value $155M Shares 10,650,248 Est. Cost $4.59 Unrealized +165.1%

MGM MGM RESORTS INTERNATIONAL 5.8%

Value $109M Shares 2,988,773 Est. Cost $32.10 Unrealized +5.7%

TGS TRANSPORTADORA DE GAS SUR 5.4%

Value $102M Shares 3,283,265 Est. Cost $22.21 Unrealized —

IAC IAC INC 3.9%

Value $72.98M Shares 1,866,442 Est. Cost $35.82 Unrealized -2.2%

SLSR SOLARIS RES INC 3.8%

Value $71.91M Shares 9,022,072 Est. Cost $4.99 Unrealized +39.1%

IRS IRSA INVERSIONES Y REP S A 3.6%

Value $68.52M Shares 4,142,489 Est. Cost $12.21 Unrealized —

IHS IHS HOLDING LIMITED 3.5%

Value $65.5M Shares 8,780,288 Est. Cost $6.17 Unrealized +11.6%

PAM PAMPA ENERGIA S A 2.7%

Value $50.05M Shares 565,449 Est. Cost $55.78 Unrealized —

EDN EMPRESA DIST Y COMERCIAL NOR 2.5%

Value $47.98M Shares 1,601,316 Est. Cost $26.99 Unrealized —

VEON VEON LTD 1.0%

Value $18.11M Shares 344,522 Est. Cost $21.76 Unrealized —

— LITHIUM ARGENTINA AG 0.4%

Value $8.279M Shares 9,111,000 Est. Cost $0.78 Unrealized —

NEWP NEW PAC METALS CORP 0.4%

Value $8.05M Shares 2,293,539 Est. Cost $2.74 Unrealized 0.0%

IFS INTERCORP FINL SVCS INC 0.1%

Value $1.323M Shares 31,223 Est. Cost $24.00 Unrealized +71.4%

BTG B2GOLD CORP 0.0%

Value $256K Shares 56,760 Est. Cost $4.66 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAUC	ALLIED GOLD CORP	16,498,498	$377M	20.0%	$13.64	+41.2%	COM NEW	01921D204
SKE	SKEENA RES LTD NEW	15,828,709	$376M	19.9%	$10.70	+84.4%	COM	83056P715
CAAP	CORPORACION AMER ARPTS S A	13,565,960	$353M	18.7%	$11.69	+91.6%	COM	L1995B107
CNL	COLLECTIVE MINING LTD	10,650,248	$155M	8.2%	$4.59	+165.1%	COM	19425C100
MGM	MGM RESORTS INTERNATIONAL	2,988,773	$109M	5.8%	$32.10	+5.7%	COM	552953101
TGS	TRANSPORTADORA DE GAS SUR	3,283,265	$102M	5.4%	$22.21	—	SPONSORED ADS B	893870204
IAC	IAC INC	1,866,442	$72.98M	3.9%	$35.82	-2.2%	COM NEW	44891N208
SLSR	SOLARIS RES INC	9,022,072	$71.91M	3.8%	$4.99	+39.1%	COM NEW	83419D201
IRS	IRSA INVERSIONES Y REP S A	4,142,489	$68.52M	3.6%	$12.21	—	SPON GDS ECH 10	450047303
IHS	IHS HOLDING LIMITED	8,780,288	$65.5M	3.5%	$6.17	+11.6%	ORD SHS	G4701H109
PAM	PAMPA ENERGIA S A	565,449	$50.05M	2.7%	$55.78	—	SPONS ADR LVL I	697660207
EDN	EMPRESA DIST Y COMERCIAL NOR	1,601,316	$47.98M	2.5%	$26.99	—	SPON ADR	29244A102
VEON	VEON LTD	344,522	$18.11M	1.0%	$21.76	—	SPONSORED ADS	91822M502
—	LITHIUM ARGENTINA AG	9,111,000	$8.279M	0.4%	$0.78	—	NOTE 1.750% 1/1	53680QAA6
NEWP	NEW PAC METALS CORP	2,293,539	$8.05M	0.4%	$2.74	0.0%	COM	64782A107
IFS	INTERCORP FINL SVCS INC	31,223	$1.323M	0.1%	$24.00	+71.4%	SHS	P5626F128
BTG	B2GOLD CORP	56,760	$256K	0.0%	$4.66	0.0%	COM	11777Q209