Data as of Q4 2025 (Dec 31, 2025)

Mudita Advisors LLP

•CIK: 1907809•Filing: Q4 2025

**Mudita Advisors LLP** manages $463M across a concentrated portfolio of 21 positions. The fund exhibits significant conviction in select names, with its largest holding in HGV at $116.7M. Further top allocations include RJF ($51.0M), HCC ($47.2M), and IMG ($39.2M). This structure suggests a focused, high-conviction approach across its investment universe.

Total AUM
$462.7M
QoQ Performance
+33.8%
Positions
21
Top 10 Concentration
82.6%
Latest Filing
Q4 2025

Top Holdings Allocation

HGV
ESTA
HCC
IMG
MGM
TGB
HGV25.2%
ESTA11.0%
HCC10.2%
IMG8.5%
MGM6.8%
TGB5.4%
CRC4.7%
OLA4.2%

📈 Biggest Buys

HGV
HILTON GRAND VACATIONS INC
+11.7%
25.2% of portfolio
TGB
TASEKO MINES LTD
+57.4%
5.4% of portfolio
MGM
MGM RESORTS INTERNATIONAL
+37.0%
6.8% of portfolio
GROY
GOLD ROYALTY CORP
NEW
1.8% of portfolio
B
BARRICK MNG CORP
NEW
1.5% of portfolio

📉 Biggest Sells

IMG
IAMGOLD CORP
-11.4%
8.5% of portfolio
HCC
WARRIOR MET COAL INC
-4.8%
10.2% of portfolio
FLUT
FLUTTER ENTMT PLC
-6.9%
1.7% of portfolio

Sector Breakdown

Other100.0%

🚪 Exited Positionssold since Q3 2025

—
MAC COPPER LIMITED
SOLD
$2.2M

Changes from Q3 2025

NEW3 new positions
↑8 increased
↓4 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

HGV25.2%
HILTON GRAND VACATIONS INC
$116.7M
ESTA11.0%
ESTABLISHMENT LABS HLDGS INC
$51.0M
HCC10.2%
WARRIOR MET COAL INC
$47.2M
IMG8.5%
IAMGOLD CORP
$39.2M
MGM6.8%
MGM RESORTS INTERNATIONAL
$31.4M

⚖️ Compare Fund

Compare this fund's holdings with other hedge funds.

🎯 Fund Movement Signals

See AI-analyzed fund movement signals and accumulation patterns.

👤 Insider Trading

See what corporate insiders are buying and selling.