Mudita Advisors LLP

CIK

1907809

Location

London, X0

Portfolio Value

Small $489,771,586

Diversification

Diversified

Filing Date

Global Rank

#2,624 / 8,603 ▲ 144 · as of Mar 2026

Top Industry

Resorts & Casinos 29.3%

3Y Alpha vs SPY

+0.8%

Period ended 3 months ago

Filed May 14, 2026 · 56d

18 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+76.3%

SPY

+76.5%

Annualised alpha

0.0%

Max drawdown

−24.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

28 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

22.2%

−3.0 pts

Top 5

52.7%

−9.0 pts

Top 10

73.9%

−8.8 pts

HHI

878

Diversified−225

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	31.8%	$155,637,846	3
Basic Materials	29.9%	$146,216,532	12
Energy	14.5%	$70,957,717	5
Healthcare	9.3%	$45,781,481	2
Consumer Defensive	7.4%	$36,096,255	2
Technology	5.4%	$26,572,666	2
Financial Services	1.7%	$8,509,089	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
DAR	Darling Ingredients Inc.	+203,841	424,841	$26,276,415
HGV	Hilton Grand Vacations Inc.	+171,694	2,778,706	$108,702,978
AGI	Alamos Gold Inc	+133,261	449,204	$19,958,133
VBNK	VersaBank	+105,334	202,925	$2,875,447
MGM	MGM Resorts International	+85,000	945,938	$35,009,165
FLUT	Flutter Entertainment plc	+81,100	116,976	$11,925,703
ESTA	Establishment Labs Holdings Inc.	+64,860	764,563	$43,411,887
EXE	EXPAND ENERGY Corp	+8,600	123,700	$13,579,786
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
TGB	Trekor Metals Ltd	−2,335,192	2,053,209	$13,243,198
HBM	Hudbay Minerals Inc.	−606,800	317,389	$6,633,430
HCC	Warrior Met Coal, Inc.	−361,765	174,000	$16,208,100
AAUC	Allied Gold Corp	−323,000	160,234	$4,973,663
B	Barrick Mining Corp	−142,900	11,200	$456,848
ORLA	Orla Mining Ltd.	−122,400	1,317,600	$21,252,888
CNQ	CANADIAN NATURAL RESOURCES Ltd	−104,678	532,366	$25,942,195
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
APPN	Appian Corp	839,400	$20,237,934
CNR	Core Natural Resources, Inc.	144,400	$15,123,012
BG	Bunge Global SA	77,200	$9,819,840
SSL	Sasol Ltd	607,325	$7,870,932
ZM	Zoom Communications, Inc.	78,800	$6,334,732
SPGI	S&P Global Inc.	14,000	$5,633,642
ODV	Osisko Development Corp.	1,100,000	$3,575,000
ASIX	AdvanSix Inc.	82,807	$2,020,490
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
GROY	Gold Royalty Corp.	2,100,000	$8,484,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 positions · $489,771,586 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
HGV	Hilton Grand Vacations Inc. Consumer Cyclical	Added	2,778,706	+171,694	$108,702,978	−6.8%	22.19%
IAG	Iamgold Corp Basic Materials	Held	2,375,300	0	$44,703,146	+14.1%	9.13%
ESTA	Establishment Labs Holdings Inc. Healthcare	Added	764,563	+64,860	$43,411,887	−14.9%	8.86%
MGM	MGM Resorts International Consumer Cyclical	Added	945,938	+85,000	$35,009,165	+11.4%	7.15%
DAR	Darling Ingredients Inc. Consumer Defensive	Added	424,841	+203,841	$26,276,415	+230.3%	5.37%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	532,366	-104,678	$25,942,195	+20.3%	5.30%
ORLA	Orla Mining Ltd. Basic Materials	Reduced	1,317,600	-122,400	$21,252,888	+9.6%	4.34%
APPN	Appian Corp Technology	NEW	839,400	NEW	$20,237,934	NEW	4.13%
AGI	Alamos Gold Inc Basic Materials	Added	449,204	+133,261	$19,958,133	+63.7%	4.07%
HCC	Warrior Met Coal, Inc. Basic Materials	Reduced	174,000	-361,765	$16,208,100	−65.7%	3.31%
CNR	Core Natural Resources, Inc. Energy	NEW	144,400	NEW	$15,123,012	NEW	3.09%
EXE	EXPAND ENERGY Corp Energy	Added	123,700	+8,600	$13,579,786	+6.9%	2.77%
TGB	Trekor Metals Ltd Basic Materials	Reduced	2,053,209	-2,335,192	$13,243,198	−46.7%	2.70%
FLUT	Flutter Entertainment plc Consumer Cyclical	Added	116,976	+81,100	$11,925,703	+54.6%	2.43%
BSM	Black Stone Minerals, L.P. Energy	Held	760,877	0	$11,504,460	+13.8%	2.35%
BG	Bunge Global SA Consumer Defensive	NEW	77,200	NEW	$9,819,840	NEW	2.00%
SSL	Sasol Ltd Basic Materials	NEW	607,325	NEW	$7,870,932	NEW	1.61%
HBM	Hudbay Minerals Inc. Basic Materials	Reduced	317,389	-606,800	$6,633,430	−63.8%	1.35%
ZM	Zoom Communications, Inc. Technology	NEW	78,800	NEW	$6,334,732	NEW	1.29%
SPGI	S&P Global Inc. Financial Services	NEW	14,000	NEW	$5,633,642	NEW	1.15%
KGC	Kinross Gold Corp Basic Materials	Held	174,335	0	$5,320,704	+8.4%	1.09%
AAUC	Allied Gold Corp Basic Materials	Reduced	160,234	-323,000	$4,973,663	−55.0%	1.02%
NC	Nacco Industries Inc Energy	Held	92,520	0	$4,808,264	+6.0%	0.98%
ODV	Osisko Development Corp. Basic Materials	NEW	1,100,000	NEW	$3,575,000	NEW	0.73%
VBNK	VersaBank Financial Services	Added	202,925	+105,334	$2,875,447	+96.7%	0.59%
MXCT	Maxcyte, Inc. Healthcare	Held	3,370,689	0	$2,369,594	−54.6%	0.48%
ASIX	AdvanSix Inc. Basic Materials	NEW	82,807	NEW	$2,020,490	NEW	0.41%
B	Barrick Mining Corp Basic Materials	Reduced	11,200	-142,900	$456,848	−93.2%	0.09%