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Helikon Investments Ltd

17 WATERLOO PLACE, LONDON SW1Y 4AR • 00442071845257

Q4 2025 · Filed 2026-02-05
Market Value
$1.3B
+29.6%
Holdings
14
-2
New Purchases
2
Added To
5
Closed
2
Reduced
5
Top 10 Concentration
99.9%
Turnover
28.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAAP 28.05% 25.07% +2.98% $353M
TGS 8.12% 6.28% +1.84% $102M
IHS 5.21% 3.40% +1.80% $66M
SLS.TO 5.72% 4.47% +1.25% $72M
IAC 5.80% 4.65% +1.15% $73M
EDN 3.82% 2.87% +0.95% $48M
NEWP 0.64% 0.00% +0.64% $8M
BTG 0.02% 0.00% +0.02% $256K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IFS 0.11% 3.89% -3.78% $1M
MGM 8.67% 12.45% -3.78% $109M
SKE.TO 29.87% 32.04% -2.17% $376M
CRESY 0.00% 0.37% -0.37% $0
PAM 3.98% 4.32% -0.34% $50M
LOMA 0.00% 0.18% -0.18% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Basic Materials 47.7%
Industrials 19.0%
Consumer Cyclical 11.9%
Technology 8.0%
Healthcare 6.4%

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 10 $1.2B 95.5%
Small Cap 4 $56M 4.5%

Portfolio Analytics

Avg Market Cap
$3.6B
Median Market Cap
$3.6B
Avg P/E
19.6
Median P/E
14.2
Avg Dividend Yield
0.01%
Avg Beta
0.97
# Stocks
14
# ETFs / Funds
0

Top Holdings (14 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SKE.TO 29.87% 15,828,709 $376M $23.73 $65M -1,043,110 -6.2%
2 CAAP 28.05% 13,565,960 $353M $26.00 $109M +135,515 +1.0%
3 MGM 8.67% 2,988,773 $109M $36.49 -$12M -497,488 -14.3%
4 TGS 8.12% 3,283,265 $102M $31.09 $41M +386,015 +13.3%
5 IAC 5.80% 1,866,442 $73M $39.10 $28M +540,643 +40.8%
6 SLS.TO 5.72% 9,022,072 $72M $7.97 $29M +2,210,452 +32.5%
7 IHS 5.21% 8,780,288 $66M $7.46 $32M +3,934,727 +81.2%
8 PAM 3.98% 565,449 $50M $88.51 $8M -133,326 -19.1%
9 EDN 3.82% 1,601,316 $48M $29.96 $20M -186,969 -10.5%
10 NEWP 0.64% 2,293,539 $8M $3.51 +2,293,539 NEW
11 IFS 0.11% 31,223 $1M $42.36 -$36M -904,475 -96.7%
12 BTG 0.02% 56,760 $256K $4.51 +56,760 NEW
13 LOMA —% -$2M -242,501 -100.0% SOLD
14 CRESY —% -$4M -395,181 -100.0% SOLD

New Positions

SymbolValue% Port
NEWP $8M 0.64%
BTG $256K 0.02%

Sold Out Positions

SymbolValue% Port
LOMA —%
CRESY —%
View SEC EDGAR Filings for Helikon Investments Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms