Managers / Q3 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 $183M in U.S.-listed holdings across 17 positions for Q3 2024.
Its largest position, HGV, represents 18.2% of the portfolio.
Compared with Q2 2024, the fund opened 1 new position and exited 2.
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 · 82.0% · $150M
- Other · 11.7% · $21M
- MLP · 6.3% · $11M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ELDELDORADO GOLD CORP NEW | NEW | +112.6K | 112.6K | +$2M | $2M |
| MOSMOSAIC CO NEW | SOLD OUT | −142.8K | 0 | −$4M | $0 |
| VALE S A | SOLD OUT | −234.1K | 0 | −$3M | $0 |
| IMGIAMGOLD CORP | TRIMMED | −996.8K | 803.2K | −$3M | $4M |
| NGDNNEW GOLD INC CDA | TRIMMED | −815.9K | 1.09M | −$578,612 | $3M |
| APOAPOLLO GLOBAL MGMT INC | TRIMMED | −63.4K | 188.6K | −$6M | $24M |
| CHARLES RIV LABS INTL INC | TRIMMED | −7.9K | 26.7K | −$2M | $5M |
| ESTABLISHMENT LABS HLDGS INC | ADDED | +56.7K | 354.8K | +$2M | $15M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | HGVHILTON GRAND VACATIONS INChistory → | COM | 18.22% | $33M | 916.8K |
| 2 | HCCWARRIOR MET COAL INChistory → | COM | 13.28% | $24M | 379.8K |
| 3 | APOAPOLLO GLOBAL MGMT INChistory → | COM | 12.89% | $24M | 188.6K |
| 4 | CRCCANADIAN NAT RES LTDhistory → | COM | 9.25% | $17M | 508.9K |
| 5 | ESTABLISHMENT LABS HLDGS INC | COM | 8.40% | $15M | 354.8K |
| 6 | MXCTGBXMAXCYTE INChistory → | COM | 6.71% | $12M | 3.15M |
| 7 | BSMBLACK STONE MINERALS L Phistory → | COM UNIT | 6.29% | $11M | 760.9K |
| 8 | ABXBARRICK GOLD CORPhistory → | COM | 5.02% | $9M | 461.3K |
| 9 | AGIALAMOS GOLD INC NEWhistory → | COM CL A | 3.92% | $7M | 359.5K |
| 10 | SHCSOTERA HEALTH COhistory → | COM | 3.71% | $7M | 406.3K |
| 11 | CHARLES RIV LABS INTL INC | COM | 2.88% | $5M | 26.7K |
| 12 | METALS ACQUISITION LIMITED | ORD SHS | 2.39% | $4M | 314.8K |
| 13 | IMGIAMGOLD CORPhistory → | COM | 2.30% | $4M | 803.2K |
| 14 | NGDNNEW GOLD INC CDAhistory → | COM | 1.72% | $3M | 1.09M |
| 15 | ELDELDORADO GOLD CORP NEWhistory → | COM | 1.07% | $2M | 112.6K |
| 16 | HBMHUDBAY MINERALS INChistory → | COM | 1.02% | $2M | 203.3K |
| 17 | FLUTTER ENTMT PLC | SHS | 0.93% | $2M | 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 ↗.