Managers / Q4 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 $115M in U.S.-listed holdings across 18 positions for Q4 2022.
Its largest position, BSM, represents 18.9% of the portfolio.
Compared with Q3 2022, the fund opened 1 new position and exited 3.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 77.2% · $88M
- MLP · 19.9% · $23M
- ADR · 2.9% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NRPNATURAL RESOURCE PARTNERS L | NEW | +21.9K | 21.9K | +$1M | $1M |
| NOCNORTHROP GRUMMAN CORP | SOLD OUT | −5.5K | 0 | −$3M | $0 |
| AZTAAZENTA INC | SOLD OUT | −36.2K | 0 | −$2M | $0 |
| SFIXSTITCH FIX INC | SOLD OUT | −100.0K | 0 | −$395,000 | $0 |
| VALEVALE S A | TRIMMED | −206.1K | 194.1K | −$2M | $3M |
| MXCTMAXCYTE INC | ADDED | +29.0K | 90.2K | +$94,498 | $492,498 |
| SOUTHWESTERN ENERGY CO | ADDED | +88.0K | 433.7K | +$421,144 | $3M |
| LWLAMB WESTON HLDGS INC | TRIMMED | −8.5K | 45.9K | −$109,001 | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BSMBLACK STONE MINERALS L Phistory → | COM UNIT | 18.88% | $22M | 1.28M |
| 2 | CNQCANADIAN NAT RES LTDhistory → | COM | 13.73% | $16M | 283.4K |
| 3 | HGVHILTON GRAND VACATIONS INChistory → | COM | 13.22% | $15M | 392.9K |
| 4 | APOAPOLLO GLOBAL MGMT INChistory → | COM | 8.26% | $9M | 148.3K |
| 5 | AGIALAMOS GOLD INC NEWhistory → | COM CL A | 7.06% | $8M | 800.0K |
| 6 | MOSMOSAIC CO NEWhistory → | COM | 6.91% | $8M | 180.3K |
| 7 | ABXBARRICK GOLD CORPhistory → | COM | 5.78% | $7M | 385.3K |
| 8 | ESTAESTABLISHMENT LABS HLDGS INChistory → | COM | 4.49% | $5M | 78.4K |
| 9 | AMNAMN HEALTHCARE SVCS INChistory → | COM | 4.40% | $5M | 49.0K |
| 10 | LWLAMB WESTON HLDGS INChistory → | COM | 3.58% | $4M | 45.9K |
| 11 | NGDNNEW GOLD INC CDAhistory → | COM | 3.35% | $4M | 3.92M |
| 12 | VALEVALE S Ahistory → | SPONSORED ADS | 2.87% | $3M | 194.1K |
| 13 | SOUTHWESTERN ENERGY CO | COM | 2.21% | $3M | 433.7K |
| 14 | MAG SILVER CORP | COM | 1.71% | $2M | 125.0K |
| 15 | UPWKUPWORK INChistory → | COM | 1.24% | $1M | 135.7K |
| 16 | NRPNATURAL RESOURCE PARTNERS Lhistory → | COM UNIT LTD PAR | 1.04% | $1M | 21.9K |
| 17 | SHCSOTERA HEALTH CO | COM | 0.85% | $971,519 | 116.6K |
| 18 | MXCTMAXCYTE INC | COM | 0.43% | $492,498 | 90.2K |
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 ↗.