Mudita Advisors LLP

London, X0 · CIK 1907809 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2021 · limited liability partnership

Assets managed$2.4bn
Staff7 · 5 in investment roles
Main clients (by assets)Private funds 96%
Private funds5 (4 hedge) · $2.2bn gross assets
Websitemuditaadvisors.com
Form ADV · 2026-06-03SEC adviser record

Legal entityMUDITA ADVISORS LLP (GB)

$481.0m reported value -1.8% vs Q1 2026

24positions

82.6%in top 10

1 new 4 added 3 reduced 5 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	HILTON GRAND VACATIONS INC COM HGV	HGV	2,808,706	$147.1m30.58%	30.58%	Added +30.0k	+30,000 1.1%
2	ESTABLISHMENT LABS HLDGS INC COM ESTA	ESTA	723,063	$62.0m12.90%	12.90%	Reduced -41.5k	-41,500 -5.4%
3	MGM RESORTS INTERNATIONAL COM MGM	MGM	945,938	$45.2m9.40%	9.40%	Unchanged
4	IAMGOLD CORP COM IAG	IAG	2,375,300	$37.6m7.83%	7.83%	Unchanged
5	DARLING INGREDIENTS INC COM DAR	DAR	424,841	$23.2m4.82%	4.82%	Unchanged
6	CANADIAN NAT RES LTD COM CNQ	CNQ	532,366	$21.0m4.37%	4.37%	Unchanged
7	APPIAN CORP CL A APPN	APPN	839,400	$19.2m4.00%	4.00%	Unchanged
8	TREKOR METALS LTD COM TGB	TGB	2,053,209	$14.1m2.94%	2.94%	New
9	WARRIOR MET COAL INC COM HCC	HCC	174,000	$14.1m2.94%	2.94%	Unchanged
10	ALAMOS GOLD INC NEW COM CL A AGI	AGI	449,204	$13.6m2.83%	2.83%	Unchanged
11	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	169,400	$13.6m2.82%	2.82%	Added +25.0k	+25,000 17.3%
12	FLUTTER ENTMT PLC SHS FLUT	FLUT	121,976	$12.5m2.59%	2.59%	Added +5.0k	+5,000 4.3%
13	BLACK STONE MINERALS L P COM UNIT BSM	BSM	760,877	$10.6m2.21%	2.21%	Unchanged
14	ORLA MNG LTD NEW COM OLA	OLA	790,319	$7.7m1.61%	1.61%	Reduced -527.3k	-527,281 -40.0%
15	HUDBAY MINERALS INC COM HBM	HBM	317,389	$7.5m1.56%	1.56%	Unchanged
16	S&P GLOBAL INC COM SPGI	SPGI	14,000	$5.7m1.19%	1.19%	Unchanged
17	VERSABANK NEW COM VBNK	VBNK	202,925	$4.7m0.98%	0.98%	Unchanged
18	NACCO INDS INC CL A NC	NC	92,520	$4.6m0.96%	0.96%	Unchanged
19	MAXCYTE INC COM MXCT	MXCT	3,370,689	$4.1m0.86%	0.86%	Unchanged
20	KINROSS GOLD CORP COM KGC	KGC	174,335	$4.1m0.86%	0.86%	Unchanged
21	ADVANSIX INC COM ASIX	ASIX	170,490	$3.4m0.70%	0.70%	Added +87.7k	+87,683 105.9%
22	OSISKO DEVELOPMENT CORP COM NEW COM NEW		1,100,000	$2.7m0.56%	0.56%	Unchanged
23	ALLIED GOLD CORP COM NEW AAUC	AAUC	85,234	$2.0m0.42%	0.42%	Reduced -75.0k	-75,000 -46.8%
24	BARRICK MNG CORP COM SHS B	B	11,200	$411.4k0.09%	0.09%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXPAND ENERGY CORPORATION EXE	EXE	123,700	$13.6m123.7k shares
TASEKO MINES LTD		2,053,209	$13.2m2.1m shares
BUNGE GLOBAL SA BG	BG	77,200	$9.8m77.2k shares
SASOL LTD SSL	SSL	607,325	$7.9m607.3k shares
ZOOM COMMUNICATIONS INC ZM	ZM	78,800	$6.3m78.8k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
METALS ACQUISITION CORP II MTAL.WS · 13G · filed 2026-05-05	MTAL.WS	10.9%≈ $916.7k	new	13G	2026-05-05
METALS ACQUISITION CORP II MTAL · 13G · filed 2026-10-05	MTAL	8.2%≈ $25.4m	no change	13G	2026-10-05