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Helikon Investments LTD

CIK:0001839497
Hedge Fund
$2B AUM
19 holdings
London, United Kingdom
Founded:2019
25 employees
Latest filing:Jun 30, 2025

Helikon Investments Ltd is a London-based investment firm specializing in global equity investments. Founded in the United Kingdom, the firm manages over $1.6 billion in assets and primarily serves institutional clients. The team manages concentrated portfolios with high conviction and a fundamental, research-driven approach. As of 2025, its headquarters are located at 17 Waterloo Place, London, and the firm files regular regulatory disclosures in both the UK and the US.

Investment Strategy

Helikon Investments Ltd utilizes a fundamental and research-intensive investment process, focusing on a concentrated portfolio of global equities. The firm seeks to identify high-conviction long-term opportunities across various industries and geographies, leveraging deep market research and analysis. The portfolio is relatively concentrated, generally holding a limited number of positions to allow the team to focus on its best investment ideas. Investments are selected based on strict valuation criteria, risk controls, and extensive diligence with the goal of generating attractive risk-adjusted returns for clients.

Top Buys
M
MGMMGM RESORTS INTERNATIONAL
+$248.6M
A
AAUCALLIED GOLD CORP
+$159.4M
S
SKESKEENA RES LTD NEW
+$103.1M
I
IACIAC INC
+$76.1M
C
CNLCOLLECTIVE MINING LTD
+$22.5M
Top Sells
E
EGOELDORADO GOLD CORP NEW
-$144.5M
A
AGROADECOAGRO S A
-$108.6M
V
VEONVEON LTD
-$38.9M
C
CZRCAESARS ENTERTAINMENT INC NE
-$29.1M
B
BVNCOMPANIA DE MINAS BUENAVENTU
-$26.7M

Top Holdings

M
MGMMGM RESORTS INTERNATIONAL
+18.8%$303.0M
C
CAAPCORPORACION AMER ARPTS S A
+16.8%$270.3M
S
SKESKEENA RES LTD NEW
+13.8%$223.4M
A
AAUCALLIED GOLD CORP
+9.9%$159.4M
C
CNLCOLLECTIVE MINING LTD
+6.7%$108.5M

Equity Positions (18)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
M
MGM
MGM RESORTS INTERNATIONAL18.78%$303.0M8,810,322$33.40$34.39+$248.6M
C
CAAP
CORPORACION AMER ARPTS S A16.75%$270.3M13,342,552$11.79$20.26+$21.0M
S
SKE
SKEENA RES LTD NEW13.84%$223.4M14,030,111$10.06$15.92+$103.1M
A
AAUC
ALLIED GOLD CORP9.88%$159.4M11,791,913$13.52$13.52+$159.4M
C
CNL
COLLECTIVE MINING LTD6.72%$108.5M9,916,894$5.02$10.94+$22.5M

Industry Allocation

GOLD AND SILVER ORES
+29.3%
HOTELS & MOTELS
+18.8%
AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES
+16.8%
ELECTRIC SERVICES
+5.1%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+4.7%