Managers / Q3 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 $137M in U.S.-listed holdings across 17 positions for Q3 2023.
Its largest position, CRC, represents 15.7% of the portfolio.
The book was largely unchanged from Q2 2023.
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 · 84.8% · $116M
- MLP · 9.9% · $14M
- Other · 3.4% · $5M
- ADR · 1.9% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SWN1EURSOUTHWESTERN ENERGY CO | ADDED | +197.4K | 417.5K | +$1M | $3M |
| MXCTGBXMAXCYTE INC | ADDED | +561.2K | 1.39M | +$531,347 | $4M |
| CHARLES RIV LABS INTL INC | ADDED | +4.5K | 19.5K | +$667,860 | $4M |
| HCCWARRIOR MET COAL INC | ADDED | +33.7K | 164.4K | +$3M | $8M |
| HBMHUDBAY MINERALS INC | TRIMMED | −162.7K | 643.3K | −$732,825 | $3M |
| ESTABLISHMENT LABS HLDGS INC | ADDED | +13.9K | 95.1K | −$904,888 | $5M |
| SHCSOTERA HEALTH CO | ADDED | +32.0K | 283.1K | −$489,998 | $4M |
| HCQAMN HEALTHCARE SVCS INC | ADDED | +3.0K | 39.7K | −$623,799 | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CRCCANADIAN NAT RES LTDhistory → | COM | 15.66% | $21M | 331.8K |
| 2 | HGVHILTON GRAND VACATIONS INChistory → | COM | 13.81% | $19M | 464.9K |
| 3 | APOAPOLLO GLOBAL MGMT INChistory → | COM | 13.46% | $18M | 205.5K |
| 4 | BSMBLACK STONE MINERALS L Phistory → | COM UNIT | 9.90% | $14M | 787.1K |
| 5 | MOSMOSAIC CO NEWhistory → | COM | 6.78% | $9M | 260.8K |
| 6 | HCCWARRIOR MET COAL INChistory → | COM | 6.13% | $8M | 164.4K |
| 7 | AGIALAMOS GOLD INC NEWhistory → | COM CL A | 5.55% | $8M | 673.2K |
| 8 | ABXBARRICK GOLD CORPhistory → | COM | 4.90% | $7M | 461.3K |
| 9 | ESTABLISHMENT LABS HLDGS INC | COM | 3.41% | $5M | 95.1K |
| 10 | MXCTGBXMAXCYTE INChistory → | COM | 3.17% | $4M | 1.39M |
| 11 | SHCSOTERA HEALTH COhistory → | COM | 3.10% | $4M | 283.1K |
| 12 | CHARLES RIV LABS INTL INC | COM | 2.79% | $4M | 19.5K |
| 13 | NGDNNEW GOLD INC CDAhistory → | COM | 2.74% | $4M | 4.13M |
| 14 | HCQAMN HEALTHCARE SVCS INChistory → | COM | 2.47% | $3M | 39.7K |
| 15 | HBMHUDBAY MINERALS INChistory → | COM | 2.29% | $3M | 643.3K |
| 16 | SWN1EURSOUTHWESTERN ENERGY COhistory → | COM | 1.97% | $3M | 417.5K |
| 17 | VALE S A | SPONSORED ADS | 1.90% | $3M | 194.1K |
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 ↗.