Helikon Investments Ltd

CIK 0001839497 · Q1 2026

13F Equity AUM

$2.6B

+40.5% QoQ

Positions

0 QoQ

AUM Rank

#1,527

Top 12%

Skill Alpha (FF)

+10.6%/yr^ns

No Clear Edge

Rank #270 · Top 3%

vs S&P +7.8%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 59.3%Top 10: 83.4%Top 20: 100.0%

SKE18.5%

AAUC14.4%

CAAP12.6%

CNL7.3%

SVM6.5%

FLUTTER ENTMT PLC5.5%

0J7Q5.3%

SLS5.0%

ABVX4.3%

MGM4.0%

Others (7)16.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials46.7%

Industrials15.3%

Consumer Cyclical13.4%

Unclassified10.5%

Technology5.3%

Healthcare4.3%

Energy3.1%

Other1.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 17Median: 4.26%Avg: 5.88%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

5(9.7%)

3–5%

4(15.2%)

5%+

8(75.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 16Unique: 1vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.3%

JPMORGAN CHASE & CO

0.3%

BANK OF AMERICA CORP /DE/

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.3%

BlackRock, Inc.

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

FMR LLC

0.2%

STATE STREET CORP

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased6Decreased5Exited6

New Positions

SVM6.5%

+16.1M

FLUTTER ENTMT PLC5.5%

+1.4M

ABVX4.3%

+1.0M

SGHC3.8%

+9.4M

QIAGEN NV2.7%

+1.8M

HIGHLANDER SILVER CO…1.1%

+5.2M

Increased

NUAG1.6%

+7.6M(+333%)

SLS5.0%

+6.5M(+72%)

0J7Q5.3%

+1.7M(+89%)

SKE18.5%

+634K(+4%)

CNL7.3%

+329K(+3%)

IRS2.7%

+286K(+7%)

Decreased

AAUC14.4%

-4,226,296(-26%)

TGS3.1%

-935,932(-29%)

CAAP12.6%

-400,735(-3%)

EDN1.5%

-269,702(-17%)

MGM4.0%

-113,769(-4%)

Exited

-8,780,288

-565,449

-344,522

-9,111,000

-31,223

-56,760

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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