SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Mudita Advisors LLP

CIK 0001907809 · 8 ST JAMES'S SQUARE, 6TH FLOOR, LONDON, X0, SW1Y 4JU · 442038487530

Reported Value
$168M
Q1 2024
Positions
16
Filings on Record
18
2019–present window
Filed
May 14, 2024
original filing

Summary

Mudita Advisors LLP reported $168M in U.S.-listed holdings across 16 positions for Q1 2024.

Its largest position, HGV, represents 18.4% of the portfolio.

The book was largely unchanged from Q4 2023.

Portfolio Metrics

Turnover
+5.4%
vs prior filed quarter
Top-10 Concentration
+88.1%
share of reported value
Largest Position
+18.4%
Hilton Grand Vacations

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

13F Reported Value
Q4 ’21: $111MQ4 ’21Q1 ’22: $150MQ2 ’22: $124MQ3 ’22: $108MQ3 ’22Q4 ’22: $115MQ1 ’23: $112MQ2 ’23: $131MQ2 ’23Q3 ’23: $137MQ4 ’23: $144MQ1 ’24: $168MQ1 ’24Q2 ’24: $195MQ3 ’24: $183MQ4 ’24: $178MQ4 ’24Q1 ’25: $198MQ2 ’25: $298MQ3 ’25: $346MQ3 ’25Q4 ’25: $463MQ1 ’26: $490Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.5%MLP: 7.2%Other: 5.6%ADR: 1.7%
  • Common Stock · 85.5% · $144M
  • MLP · 7.2% · $12M
  • Other · 5.6% · $9M
  • ADR · 1.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HBMHUDBAY MINERALS INCTRIMMED−500.0K143.3K−$3M$1M
HCCWARRIOR MET COAL INCADDED+108.5K304.4K+$7M$18M
AGIALAMOS GOLD INC NEWTRIMMED−150.0K359.5K−$2M$5M
ESTABLISHMENT LABS HLDGS INCADDED+41.8K184.2K+$6M$9M
SHCSOTERA HEALTH COADDED+73.2K386.3K−$636,413$5M
HGVHILTON GRAND VACATIONS INCADDED+120.6K655.3K+$9M$31M
MXCTGBXMAXCYTE INCADDED+394.0K2.28M+$691,506$10M
SWN1EURSOUTHWESTERN ENERGY COTRIMMED−75.9K378.2K−$107,599$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2024

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HGVHILTON GRAND VACATIONS INChistory →COM18.42%$31M655.3K
2APOAPOLLO GLOBAL MGMT INChistory →COM13.86%$23M207.1K
3CRCCANADIAN NAT RES LTDhistory →COM13.71%$23M301.8K
4HCCWARRIOR MET COAL INChistory →COM11.00%$18M304.4K
5BSMBLACK STONE MINERALS L Phistory →COM UNIT7.24%$12M760.9K
6MXCTGBXMAXCYTE INChistory →COM5.68%$10M2.28M
7ESTABLISHMENT LABS HLDGS INCCOM5.58%$9M184.2K
8ABXBARRICK GOLD CORPhistory →COM4.57%$8M461.3K
9MOSMOSAIC CO NEWhistory →COM4.21%$7M217.8K
10CHARLES RIV LABS INTL INCCOM3.87%$7M24.0K
11AGIALAMOS GOLD INC NEWhistory →COM CL A3.16%$5M359.5K
12SHCSOTERA HEALTH COhistory →COM2.76%$5M386.3K
13NGDNNEW GOLD INC CDAhistory →COM1.93%$3M1.90M
14SWN1EURSOUTHWESTERN ENERGY COhistory →COM1.71%$3M378.2K
15VALE S ASPONSORED ADS1.70%$3M234.1K
16HBMHUDBAY MINERALS INCCOM0.60%$1M143.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$490M28May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$463M21Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$346M19Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$298M19Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$198M17May 19, 202513F-HRchanges · EDGAR ↗
Q4 2024$178M18Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$183M17Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$195M18Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$168M16May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$144M16Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$137M17Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$131M17Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$112M16May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$115M18Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$108M20Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$124M18Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$150M18May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$111M21Feb 14, 202213F-HRchanges · 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 ↗.