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Helikon Investments Limited
Federico Riggio · Hedge Fund · Long/Short Equity
Helikon Investments Limited is a London-based investment management firm founded in late 2019 by Federico Riggio and a team of seasoned professionals previously at Kairos Partners. The firm operates as an alternative investment manager, primarily known for its flagship long/short equity strategies. Established with a focus on deep fundamental research and high-conviction investing, Helikon identifies mispriced opportunities across global markets, with significant expertise in European and commodity-related equities. The institution is authorized and regulated by the Financial Conduct Authority (FCA) and manages capital for institutional investors and high-net-worth clients from its offices in London and Milan.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +31.7% |
| YTD return | -3.6% |
| Sharpe ratio | 3.68 |
| Win rate | 92% |
| AUM | $0.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.helikoninvestmentslimited.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CAAP | Corporacion America Airports | 41.7% | +36.4% |
| TGS | Transportadora de Gas del Sur SA ADR | 10.0% | +37.1% |
| MGM | MGM Resorts International | 9.1% | +11.6% |
| EDN | Empresa Distribuidora y Comercializadora Norte SA ADR | 7.9% | +57.0% |
| IRS | IRSA Inversiones Y Representaciones | 6.6% | +48.0% |
| PAM | Pampa Energia SA ADR | 6.4% | +39.7% |
| ENEAY | ENEA S. A. | 4.6% | 0.0% |
| IAC | IAC Inc. | 4.4% | +23.6% |
| IFS | Intercorp Financial Services Inc | 3.5% | +38.8% |
| IHS | IHS Holding Ltd | 2.9% | +21.9% |
| VEON | VEON Ltd | 2.0% | +32.0% |
| CRESY | Cresud SACIF y A | 0.5% | +50.4% |
| LOMA | Loma Negra Compania Industrial Argentina SA ADR | 0.4% | +34.9% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 14, 2026 | SELL | CAAP | 41.7% → 19.5% |
| Sep 14, 2026 | SELL | IAC | 4.4% → 0.0% |
| Sep 14, 2026 | SELL | TGS | 10.0% → 0.0% |
| Sep 14, 2026 | BUY | AEM | 0.0% → 1.7% |
| Sep 14, 2026 | SELL | LOMA | 0.4% → 0.0% |
Investment Style Analysis
Helikon Investments Limited is widely recognized for employing a Long/Short Equity strategy. As of Sep 21, 2026, the firm oversees approximately $0.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Airports & Air Services and Utilities - Regulated Electric sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 14, Helikon Investments Limited made a significant move by reducing the position in CAAP. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Helikon’s investment philosophy centers on fundamental, bottom-up analysis and a concentrated portfolio approach. The team prioritizes identifying intrinsic value through extensive proprietary research, including direct engagement with company management and recurring site visits. By focusing on a three-to-five-year internal rate of return, the firm looks beyond short-term market noise to support businesses that generate sustainable value for stakeholders. The strategy often involves high-conviction positions in sectors such as commodities and technology, utilizing a long/short framework to manage risk and capitalize on structural market inefficiencies.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Helikon Investments Limited.
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Frequently asked questions
How is the simulated portfolio for Helikon Investments Limited constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Helikon Investments Limited's largest holding?
As of the latest filing, Helikon Investments Limited's top position is Corporacion America Airports (CAAP), representing 41.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Helikon Investments Limited's historical performance and risk profile?
Our simulation indicates a total return of +31.7% with a win rate of 92%. Notably, the portfolio maintains a Sharpe Ratio of 3.68, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Helikon Investments Limited primarily invest in?
Helikon Investments Limited has a strong preference for the Airports & Air Services sector, which makes up 41.7% of their disclosed assets. The portfolio also has exposure to Utilities - Regulated Electric, indicating a specific thematic focus.
Is Helikon Investments Limited's portfolio concentrated or diversified?
Helikon Investments Limited runs a highly concentrated portfolio with 13 disclosed positions. The top 3 holdings alone account for 60.8% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Helikon Investments Limited performed in 2026?
Our AI-simulated model portfolio for Helikon Investments Limited tracks a Year-to-Date (YTD) return of -3.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Federico Riggio manage Helikon Investments Limited directly?
Yes, Federico Riggio serves as the key portfolio manager for Helikon Investments Limited, overseeing the investment strategy and final capital allocation decisions.