Managers / Q2 2022 · view latest →
Mudita Advisors LLP
CIK 0001907809 · 8 ST JAMES'S SQUARE, 6TH FLOOR, LONDON, X0, SW1Y 4JU · 442038487530
Summary
Mudita Advisors LLP reported $124M in U.S.-listed holdings across 18 positions for Q2 2022.
Its largest position, BSM, represents 16.0% of the portfolio.
The book was largely unchanged from Q1 2022.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 75.8% · $94M
- MLP · 16.0% · $20M
- ADR · 4.7% · $6M
- Other · 3.4% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| UPWKUPWORK INC | ADDED | +61.2K | 135.7K | +$1M | $3M |
| NOCNORTHROP GRUMMAN CORP | TRIMMED | −7.1K | 18.9K | −$3M | $9M |
| HCQAMN HEALTHCARE SVCS INC | TRIMMED | −20.6K | 78.5K | −$2M | $9M |
| HGVHILTON GRAND VACATIONS INC | ADDED | +46.0K | 353.3K | −$3M | $13M |
| VALE S A | HELD | +200 | 400.2K | −$2M | $6M |
| MOSMOSAIC CO NEW | HELD | +0 | 180.3K | −$3M | $9M |
| NGDNNEW GOLD INC CDA | HELD | +0 | 3.92M | −$3M | $4M |
| APOAPOLLO GLOBAL MGMT INC | HELD | +0 | 201.8K | −$3M | $10M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BSMBLACK STONE MINERALS L Phistory → | COM UNIT | 16.02% | $20M | 1.45M |
| 2 | CRCCANADIAN NAT RES LTDhistory → | COM | 11.37% | $14M | 263.4K |
| 3 | HGVHILTON GRAND VACATIONS INChistory → | COM | 10.15% | $13M | 353.3K |
| 4 | APOAPOLLO GLOBAL MGMT INChistory → | COM | 7.87% | $10M | 201.8K |
| 5 | NOCNORTHROP GRUMMAN CORPhistory → | COM | 7.29% | $9M | 18.9K |
| 6 | HCQAMN HEALTHCARE SVCS INChistory → | COM | 6.93% | $9M | 78.5K |
| 7 | MOSMOSAIC CO NEWhistory → | COM | 6.85% | $9M | 180.3K |
| 8 | ABXBARRICK GOLD CORPhistory → | COM | 5.48% | $7M | 385.3K |
| 9 | VALE S A | SPONSORED ADS | 4.71% | $6M | 400.2K |
| 10 | AGIALAMOS GOLD INC NEWhistory → | COM CL A | 4.52% | $6M | 800.0K |
| 11 | LWLAMB WESTON HLDGS INChistory → | COM | 4.18% | $5M | 72.7K |
| 12 | ESTABLISHMENT LABS HLDGS INC | COM | 3.43% | $4M | 78.4K |
| 13 | NGDNNEW GOLD INC CDAhistory → | COM | 3.37% | $4M | 3.92M |
| 14 | UPWKUPWORK INChistory → | COM | 2.26% | $3M | 135.7K |
| 15 | AZTAAZENTA INChistory → | COM | 2.10% | $3M | 36.2K |
| 16 | SHCSOTERA HEALTH COhistory → | COM | 1.84% | $2M | 116.6K |
| 17 | MQ8MAG SILVER CORPhistory → | COM | 1.22% | $2M | 125.0K |
| 18 | SFIXSTITCH FIX INC | COM CL A | 0.40% | $494,000 | 100.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $490M | 28 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $463M | 21 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $346M | 19 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $298M | 19 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $198M | 17 | May 19, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $178M | 18 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $183M | 17 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $195M | 18 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $168M | 16 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $144M | 16 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $137M | 17 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $131M | 17 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $112M | 16 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $115M | 18 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $108M | 20 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $124M | 18 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $150M | 18 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $111M | 21 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.