Mudita Advisors LLP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Mudita Advisors LLP disclosed 19 US equity positions worth $345.8m in its Q3 2025 13F filing. The largest position was HGV at 28.2% of the reported book, followed by HCC and IAG. Against the Q2 2025 filing, it opened 1 new position, added to 8 and reduced 3 among the top 19 holdings.
What did Mudita Advisors LLP own in Q3 2025? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | HGV HILTON GRAND VACATIONS INC | Consumer Cyclical | 28.2% | $97.5m | 2,333,146 | 9% | added |
| 2 | HCC WARRIOR MET COAL INC | Basic Materials | 10.4% | $35.8m | 562,665 | 1% | added |
| 3 | IAG IAMGOLD CORP | Basic Materials | 10.0% | $34.7m | 2,681,000 | -0% | held |
| 4 | ESTA ESTABLISHMENT LABS HLDGS INC | Healthcare | 8.1% | $28.2m | 686,764 | 14% | added |
| 5 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 6.3% | $21.8m | 628,338 | 107% | added |
| 6 | CNQ CANADIAN NAT RES LTD | Energy | 5.9% | $20.4m | 637,044 | 0% | held |
| 7 | ORLA MNG LTD NEW | 4.4% | $15.1m | 1,400,000 | – | new | |
| 8 | HBM HUDBAY MINERALS INC | Basic Materials | 4.1% | $14.0m | 924,505 | -32% | reduced |
| 9 | EXE EXPAND ENERGY CORPORATION | Energy | 3.5% | $12.2m | 115,100 | 4% | added |
| 10 | TKOEUR TASEKO MINES LTD | 3.4% | $11.8m | 2,788,401 | 75% | added | |
| 11 | AGI ALAMOS GOLD INC NEW | Basic Materials | 2.9% | $10.0m | 287,104 | -40% | reduced |
| 12 | BSM BLACK STONE MINERALS L P | 2.9% | $10.0m | 760,877 | 0% | held | |
| 13 | FLUTTER ENTMT PLC | 2.8% | $9.8m | 38,536 | 5% | added | |
| 14 | MXCT MAXCYTE INC | 1.5% | $5.3m | 3,370,689 | 0% | held | |
| 15 | AAUC ALLIED GOLD CORP | 1.5% | $5.2m | 300,234 | 29% | added | |
| 16 | KGC KINROSS GOLD CORP | Basic Materials | 1.3% | $4.3m | 174,335 | -65% | reduced |
| 17 | NC NACCO INDS INC | 1.1% | $3.9m | 92,520 | 0% | held | |
| 18 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 1.0% | $3.5m | 111,800 | 0% | held |
| 19 | MAC COPPER LIMITED | 0.6% | $2.2m | 183,668 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.