Managers / Q2 2023 · view latest →
Mudita Advisors LLP
CIK 0001907809 · 8 ST JAMES'S SQUARE, 6TH FLOOR, LONDON, X0, SW1Y 4JU · 442038487530
Summary
Mudita Advisors LLP reported $131M in U.S.-listed holdings across 17 positions for Q2 2023.
Its largest position, HGV, represents 15.4% of the portfolio.
Compared with Q1 2023, the fund opened 2 new positions and exited 1.
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 · 84.1% · $110M
- MLP · 9.6% · $13M
- Other · 4.3% · $6M
- ADR · 2.0% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HBMHUDBAY MINERALS INC | NEW | +806.0K | 806.0K | +$4M | $4M |
| CHARLES RIV LABS INTL INC | NEW | +15.0K | 15.0K | +$3M | $3M |
| LWLAMB WESTON HLDGS INC | SOLD OUT | −11.8K | 0 | −$1M | $0 |
| SHCSOTERA HEALTH CO | ADDED | +109.8K | 251.1K | +$2M | $5M |
| HCCWARRIOR MET COAL INC | ADDED | +52.9K | 130.7K | +$2M | $5M |
| MOSMOSAIC CO NEW | ADDED | +57.3K | 246.5K | −$53,127 | $9M |
| MXCTGBXMAXCYTE INC | ADDED | +167.0K | 829.7K | +$527,997 | $4M |
| HCQAMN HEALTHCARE SVCS INC | TRIMMED | −12.3K | 36.7K | −$59,526 | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | HGVHILTON GRAND VACATIONS INChistory → | COM | 15.38% | $20M | 442.2K |
| 2 | CRCCANADIAN NAT RES LTDhistory → | COM | 14.28% | $19M | 331.8K |
| 3 | APOAPOLLO GLOBAL MGMT INChistory → | COM | 12.47% | $16M | 212.1K |
| 4 | BSMBLACK STONE MINERALS L Phistory → | COM UNIT | 9.61% | $13M | 787.1K |
| 5 | MOSMOSAIC CO NEWhistory → | COM | 6.60% | $9M | 246.5K |
| 6 | AGIALAMOS GOLD INC NEWhistory → | COM CL A | 6.14% | $8M | 673.2K |
| 7 | ABXBARRICK GOLD CORPhistory → | COM | 5.98% | $8M | 461.3K |
| 8 | ESTABLISHMENT LABS HLDGS INC | COM | 4.26% | $6M | 81.2K |
| 9 | HCCWARRIOR MET COAL INChistory → | COM | 3.89% | $5M | 130.7K |
| 10 | SHCSOTERA HEALTH COhistory → | COM | 3.62% | $5M | 251.1K |
| 11 | NGDNNEW GOLD INC CDAhistory → | COM | 3.41% | $4M | 4.13M |
| 12 | HCQAMN HEALTHCARE SVCS INChistory → | COM | 3.07% | $4M | 36.7K |
| 13 | HBMHUDBAY MINERALS INChistory → | COM | 2.96% | $4M | 806.0K |
| 14 | MXCTGBXMAXCYTE INChistory → | COM | 2.91% | $4M | 829.7K |
| 15 | CHARLES RIV LABS INTL INC | COM | 2.41% | $3M | 15.0K |
| 16 | VALE S A | SPONSORED ADS | 1.99% | $3M | 194.1K |
| 17 | SWN1EURSOUTHWESTERN ENERGY COhistory → | COM | 1.01% | $1M | 220.1K |
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 ↗.