Mudita Advisors LLP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Mudita Advisors LLP disclosed 21 US equity positions worth $462.7m in its Q4 2025 13F filing. The largest position was HGV at 25.2% of the reported book, followed by ESTA and HCC. Against the Q3 2025 filing, it opened 3 new positions, added to 8 and reduced 3 among the top 21 holdings.
What did Mudita Advisors LLP own in Q4 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | HGV HILTON GRAND VACATIONS INC | Consumer Cyclical | 25.2% | $116.7m | 2,607,012 | 12% | added |
| 2 | ESTA ESTABLISHMENT LABS HLDGS INC | Healthcare | 11.0% | $51.0m | 699,703 | 2% | added |
| 3 | HCC WARRIOR MET COAL INC | Basic Materials | 10.2% | $47.2m | 535,765 | -5% | reduced |
| 4 | IAG IAMGOLD CORP | Basic Materials | 8.5% | $39.2m | 2,375,300 | -11% | reduced |
| 5 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 6.8% | $31.4m | 860,938 | 37% | added |
| 6 | TKOEUR TASEKO MINES LTD | 5.4% | $24.8m | 4,388,401 | 57% | added | |
| 7 | CNQ CANADIAN NAT RES LTD | Energy | 4.7% | $21.6m | 637,044 | 0% | held |
| 8 | ORLA MNG LTD NEW | 4.2% | $19.4m | 1,440,000 | 3% | added | |
| 9 | HBM HUDBAY MINERALS INC | Basic Materials | 4.0% | $18.3m | 924,189 | -0% | held |
| 10 | EXE EXPAND ENERGY CORPORATION | Energy | 2.7% | $12.7m | 115,100 | 0% | held |
| 11 | AGI ALAMOS GOLD INC NEW | Basic Materials | 2.6% | $12.2m | 315,943 | 10% | added |
| 12 | AAUC ALLIED GOLD CORP | 2.4% | $11.1m | 483,234 | 61% | added | |
| 13 | BSM BLACK STONE MINERALS L P | 2.2% | $10.1m | 760,877 | 0% | held | |
| 14 | GROY GOLD ROYALTY CORP | 1.8% | $8.5m | 2,100,000 | – | new | |
| 15 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 1.7% | $8.0m | 221,000 | 98% | added |
| 16 | FLUTTER ENTMT PLC | 1.7% | $7.7m | 35,876 | -7% | reduced | |
| 17 | B BARRICK MNG CORP | Basic Materials | 1.5% | $6.7m | 154,100 | – | new |
| 18 | MXCT MAXCYTE INC | 1.1% | $5.2m | 3,370,689 | 0% | held | |
| 19 | KGC KINROSS GOLD CORP | Basic Materials | 1.1% | $4.9m | 174,335 | 0% | held |
| 20 | NC NACCO INDS INC | 1.0% | $4.5m | 92,520 | 0% | held | |
| 21 | VBNK VERSABANK NEW | 0.3% | $1.5m | 97,591 | – | new |
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.