Mudita Advisors LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Mudita Advisors LLP reported 18 stock positions worth $178.1 million. Its top holding was Hilton Grand Vacations (HGV) at 21.0% of the portfolio, followed by Warrior Met Coal (HCC, 12.0%) and Establishment Labs (ESTA, 10.7%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 9 and reduced 3. The biggest buy was Hilton Grand Vacations (HGV, shares +5%) and the biggest sale Apollo Global Management (APO, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001907809
- Portfolio Value
- $178.1M (Q4 2024)
- SEC Filing
- 0001172661-25-000917 ↗ filed Feb 14, 2025
Holdings Value
Holdings 18 stocks · $178.1M
| HGV Hilton Grand Vacations Inc. | 21.01% | 960,965 | $37.4M | Add +4.8% |
| HCC Warrior Met Coal Inc. | 12.01% | 394,370 | $21.4M | Add +3.8% |
| ESTA Establishment Labs Holdings | 10.72% | 414,500 | $19.1M | Add +16.8% |
| CNQ Canadian Natural Resources | 9.86% | 568,744 | $17.6M | Add +11.8% |
| MXCT Maxcyte Inc. | 7.53% | 3,223,407 | $13.4M | Add +2.2% |
| BSM Black Stone Minerals LP | 6.24% | 760,877 | $11.1M | No change |
| AGI Alamos Gold Inc. Class A | 5.15% | 497,251 | $9.2M | Add +38.3% |
| APO Apollo Global Management Inc. | 4.60% | 49,570 | $8.2M | Reduce -73.7% |
| IAG Iamgold Corp. | 4.27% | 1,474,605 | $7.6M | Add +83.6% |
| B Barrick Gold Corp. | 4.01% | 461,305 | $7.2M | No change |
| EGO Eldorado Gold Corp. | 2.80% | 335,400 | $5.0M | Add +197.9% |
| FLUT Flutter Entertainment PLC-Di | 2.72% | 18,709 | $4.8M | Add +159.5% |
| X United States Steel Corp. | 2.52% | 132,200 | $4.5M | New |
| KGC Kinross Gold Corp. | 1.95% | 375,000 | $3.5M | New |
| MAC COPPER LTD | 1.88% | 314,800 | $3.3M | No change |
| CRL Charles River Laboratories | 1.00% | 9,607 | $1.8M | Reduce -64.0% |
| HBM Hudbay Minerals Inc. | 0.93% | 203,305 | $1.6M | No change |
| NGD New Gold Inc. | 0.82% | 588,594 | $1.5M | Reduce -45.9% |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| HGV Hilton Grand Vacations Inc. | Add +4.8% | 21.01% | +2.79 |
| X United States Steel Corp. | New | 2.52% | +2.52 |
| ESTA Establishment Labs Holdings | Add +16.8% | 10.72% | +2.32 |
| IAG Iamgold Corp. | Add +83.6% | 4.27% | +1.97 |
| KGC Kinross Gold Corp. | New | 1.95% | +1.95 |
| FLUT Flutter Entertainment PLC-Di | Add +159.5% | 2.72% | +1.79 |
| EGO Eldorado Gold Corp. | Add +197.9% | 2.80% | +1.73 |
| AGI Alamos Gold Inc. Class A | Add +38.3% | 5.15% | +1.22 |
| MXCT Maxcyte Inc. | Add +2.2% | 7.53% | +0.81 |
| CNQ Canadian Natural Resources | Add +11.8% | 9.86% | +0.61 |
| HCC Warrior Met Coal Inc. | Add +3.8% | 12.01% | −1.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $481.0M | HGV, ESTA, MGM, IAG, DAR |
| Q1 2026 | 28 | $490.1M | HGV, IAG, ESTA, MGM, DAR |
| Q4 2025 | 21 | $462.7M | HGV, ESTA, HCC, IAG, MGM |
| Q3 2025 | 19 | $345.8M | HGV, HCC, IAG, ESTA, MGM |
| Q2 2025 | 19 | $298.1M | HGV, ESTA, HCC, CNQ, IAG |
| Q1 2025 | 17 | $197.9M | HGV, HCC, CNQ, ESTA, AGI |
| Q4 2024 | 18 | $178.1M | HGV, HCC, ESTA, CNQ, MXCT |
| Q3 2024 | 17 | $182.7M | HGV, HCC, APO, CNQ, ESTA |
| Q2 2024 | 18 | $195.3M | HGV, APO, HCC, CNQ, ESTA |
| Q1 2024 | 16 | $167.9M | HGV, APO, CNQ, HCC, BSM |