The investment firm increased its position in the gold miner to 18.5% of AUM as shares surged 140% over the past year.
Helikon Investments purchased 634,156 additional shares of Skeena Resources (NYSE:SKE) in the first quarter, valued at $19.48 million based on average pricing. The move raised its total stake to 18.5% of reportable assets under management as of March 31, 2026, according to an SEC filing dated May 8, 2026.
At quarter-end, Helikon’s Skeena position was worth $489.28 million, or 18.5% of AUM, making it the firm’s largest holding. Skeena shares closed at $30.34 on May 7, 2026, up 140% year-over-year, outpacing the S&P 500’s 30% gain in the same period.
Skeena Resources focuses on gold, silver, and copper projects in Canada, including the Eskay Creek and Snip mines in British Columbia.