Helikon Investments Ltd

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
17
Total value ($000)
$1,461,398
Net value change ($000)
-152,322 (-9.4%)
New positions
2
Sold out positions
4
Turnover %
17.7%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AAUC 98,611 61.9%
SKE 87,589 39.2%
TGS 60,929 NEW
CNL 42,584 39.3%
SLSR 21,353 96.9%
IHS 19,940 152.1%
PAM 7,793 22.8%
IRS 7,565 22.9%
LOMA 1,787 NEW
Top Reduces (Value $000, Stocks/ETFs)
MGM -182,153 -60.1%
EGO -96,836 -100.0%
EQX -44,272 -100.0%
VEON -39,449 -58.6%
IAC -30,886 -40.6%
Cohen Circle Acquisition Corp. I -27,344 -100.0%
CORPORACION AMER ARPTS S A -26,960 -10.0%
AGRO -25,825 -100.0%
EDN -19,546 -41.3%
IFS -7,560 -16.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type