Managers / Q2 2024 · view latest →
Mudita Advisors LLP
CIK 0001907809 · 8 ST JAMES'S SQUARE, 6TH FLOOR, LONDON, X0, SW1Y 4JU · 442038487530
Summary
Mudita Advisors LLP reported $195M in U.S.-listed holdings across 18 positions for Q2 2024.
Its largest position, HGV, represents 18.8% of the portfolio.
Compared with Q1 2024, the fund opened 3 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, 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 · 90.3% · $176M
- MLP · 6.1% · $12M
- Other · 2.2% · $4M
- ADR · 1.3% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| IAGIAMGOLD CORP | NEW | +1.80M | 1.80M | +$7M | $7M |
| METALS ACQUISITION LIMITED | NEW | +314.8K | 314.8K | +$4M | $4M |
| FLUTFLUTTER ENTMT PLC | NEW | +7.2K | 7.2K | +$1M | $1M |
| SOUTHWESTERN ENERGY CO | SOLD OUT | −378.2K | 0 | −$3M | $0 |
| CNQCANADIAN NAT RES LTD | ADDED | +207.2K | 508.9K | −$5M | $18M |
| ESTAESTABLISHMENT LABS HLDGS INC | ADDED | +113.9K | 298.1K | +$4M | $14M |
| CHARLES RIV LABS INTL INC | ADDED | +10.6K | 34.6K | +$644,868 | $7M |
| HBMHUDBAY MINERALS INC | ADDED | +60.0K | 203.3K | +$836,647 | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | HGVHILTON GRAND VACATIONS INChistory → | COM | 18.78% | $37M | 907.0K |
| 2 | APOAPOLLO GLOBAL MGMT INChistory → | COM | 15.23% | $30M | 252.0K |
| 3 | HCCWARRIOR MET COAL INChistory → | COM | 12.21% | $24M | 379.8K |
| 4 | CNQCANADIAN NAT RES LTDhistory → | COM | 9.28% | $18M | 508.9K |
| 5 | ESTAESTABLISHMENT LABS HLDGS INChistory → | COM | 6.94% | $14M | 298.1K |
| 6 | BSMBLACK STONE MINERALS L Phistory → | COM UNIT | 6.10% | $12M | 760.9K |
| 7 | MXCTMAXCYTE INChistory → | COM | 5.99% | $12M | 2.99M |
| 8 | ABXBARRICK GOLD CORPhistory → | COM | 3.94% | $8M | 461.3K |
| 9 | CHARLES RIV LABS INTL INC | COM | 3.66% | $7M | 34.6K |
| 10 | IAGIAMGOLD CORPhistory → | COM | 3.46% | $7M | 1.80M |
| 11 | AGIALAMOS GOLD INC NEWhistory → | COM CL A | 2.89% | $6M | 359.5K |
| 12 | SHCSOTERA HEALTH COhistory → | COM | 2.35% | $5M | 386.3K |
| 13 | METALS ACQUISITION LIMITED | ORD SHS | 2.21% | $4M | 314.8K |
| 14 | MOSMOSAIC CO NEWhistory → | COM | 2.11% | $4M | 142.8K |
| 15 | NGDNNEW GOLD INC CDAhistory → | COM | 1.90% | $4M | 1.90M |
| 16 | VALEVALE S Ahistory → | SPONSORED ADS | 1.34% | $3M | 234.1K |
| 17 | HBMHUDBAY MINERALS INC | COM | 0.94% | $2M | 203.3K |
| 18 | FLUTFLUTTER ENTMT PLC | SHS | 0.67% | $1M | 7.2K |
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 ↗.