Helix Acquisition Corp. III reports beneficial ownership of 1,250,000 Class A ordinary shares. The filing states that Affinity Asset Advisors, LLC and Michael Cho collectively beneficially own 1,250,000 shares, representing 7.0% of the Class A shares outstanding as of March 31, 2026. The filing cites 17,747,500 shares outstanding as of March 30, 2026.
Positive
None.
Negative
None.
Insights
Passive ownership disclosure: 1.25M shares (~7%) reported by Affinity and Michael Cho.
The filing identifies Affinity Asset Advisors, LLC as investment manager of a fund that directly holds the reported shares and names Michael Cho as the managing member with shared reporting attribution. The report quantifies the position as 1,250,000 shares and ties the percentage to 17,747,500 shares outstanding as of March 30, 2026.
Cash‑flow treatment and sale intentions are not stated in the excerpt; future filings would disclose transactions if the holder chooses to trade. Subsequent public filings may reveal changes in the position or transactions.
Key Figures
Beneficially owned shares:1,250,000 sharesPercent of class:7.0%Shares outstanding:17,747,500 shares+2 more
5 metrics
Beneficially owned shares1,250,000 sharesAmount beneficially owned as of <date>March 31, 2026</date>
Percent of class7.0%Based on 17,747,500 shares outstanding as of <date>March 30, 2026</date>
Shares outstanding17,747,500 sharesShares outstanding used to compute percentage as of <date>March 30, 2026</date>
Sole voting power1,250,000 sharesSole power to vote as of <date>March 31, 2026</date>
Sole dispositive power1,250,000 sharesSole power to dispose as of <date>March 31, 2026</date>
Key Terms
Schedule 13G, beneficially own, sole dispositive power
3 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Helix Acquisition Corp. III"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownfinancial
"As of March 31, 2026, the Adviser and Mr. Cho beneficially own 1,250,000 shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
sole dispositive powerfinancial
"As of March 31, 2026, the Reporting Persons have sole power to dispose of 1,250,000 shares"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
What stake does Affinity Asset Advisors report in Helix Acquisition Corp. III (HLXC)?
Affinity Asset Advisors and Michael Cho report beneficial ownership of 1,250,000 shares, equal to 7.0% of Class A ordinary shares. The percentage is based on 17,747,500 shares outstanding as of March 30, 2026.
Who holds the reported shares and why are both Affinity and Michael Cho named?
The shares are held directly by Affinity Healthcare Fund, LP; Affinity Asset Advisors is the fund's investment manager and Michael Cho is the Adviser's managing member. The filing attributes voting and dispositive power to the Adviser and Mr. Cho.
Does the Schedule 13G indicate any recent purchases or sales by the reporting persons?
No transaction details are provided in the excerpt. The document reports beneficial ownership levels and voting/dispositive power but does not describe purchases, sales, or timing of transactions.
What voting and disposition powers are reported for the 1,250,000 shares?
The filing states the Reporting Persons have sole power to vote and sole power to dispose of 1,250,000 shares, with 0 shared voting or dispositive power reported as of March 31, 2026.
Which outstanding share figure does the filing rely on to calculate the 7.0% stake?
The filing bases the percentage on 17,747,500 Class A Ordinary Shares outstanding as of March 30, 2026, as stated in the Issuer's referenced Form 10-K.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Helix Acquisition Corp. III
(Name of Issuer)
Class A ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
G4444S107
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G4444S107
1
Names of Reporting Persons
Affinity Asset Advisors, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,250,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,250,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,250,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
G4444S107
1
Names of Reporting Persons
Michael Cho
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,250,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,250,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,250,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
Address or principal business office or, if none, residence:
450 Park Avenue
Suite 1403
New York, NY 10022
(c)
Citizenship:
Affinity Asset Advisors, LLC is a Delaware limited liability company, and Michael Cho is an individual and is a citizen of the United States.
(d)
Title of class of securities:
Class A ordinary shares, par value $0.0001 per share
(e)
CUSIP Number(s):
G4444S107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The securities reported herein are directly held by Affinity Healthcare Fund, LP (the "Fund"). Affinity Asset Advisors, LLC (the "Adviser") is the investment manager of the Fund and exercises voting and investment power over the securities held directly by the Fund reported herein pursuant to an investment management agreement between the Adviser, the Fund, and the general partner of the Fund. The Adviser may be deemed to beneficially own the securities reported herein held by the Fund by virtue of its position as investment manager of the Fund. Michael Cho, the managing member of the Adviser, may be deemed a beneficial owner of the securities reported herein held directly by the Fund.
As of March 31, 2026, the Adviser and Mr. Cho (collectively, the "Reporting Persons") beneficially own 1,250,000 shares of Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), of Helix Acquisition Corp. III (the "Issuer").
(b)
Percent of class:
As of March 31, 2026, the Reporting Persons beneficially own approximately 7.0% of the Class A Ordinary Shares outstanding.
The percentages disclosed above are based on 17,747,500 shares of Class A Ordinary Shares of the Issuer outstanding as of March 30, 2026, as set forth in the Issuer's Form 10-K filed with the Securities and Exchange Commission on March 31, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of March 31, 2026, the Reporting Persons have sole power to vote or to direct the vote of 1,250,000 shares of Class A Ordinary Shares.
(ii) Shared power to vote or to direct the vote:
As of March 31, 2026, the Reporting Persons have shared power to vote or to direct the vote of 0 shares of Class A Ordinary Shares.
(iii) Sole power to dispose or to direct the disposition of:
As of March 31, 2026, the Reporting Persons have sole power to dispose or to direct the disposition of 1,250,000 shares of Class A Ordinary Shares.
(iv) Shared power to dispose or to direct the disposition of:
As of March 31, 2026, the Reporting Persons have shared power to dispose or to direct the disposition of 0 shares of Class A Ordinary Shares.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Affinity Asset Advisors, LLC
Signature:
/s/ Andrew Weinstein
Name/Title:
Andrew Weinstein, Chief Financial Officer and Chief Compliance Officer
