Q4 2025 · 13F-HR
Mudita Advisors LLPholdings as filed
Filed 2026-02-13 · accession 0001172661-26-000800
$462.7M
Reported value
21
Positions
2025-12-31
Period end
The Brief · Mudita Advisors LLP · Q4 2025
AI · grounded in 13F
Mudita Advisors LLP opened a new position in Gold Royalty Corp GROY valued at $8.48M. The fund increased its holdings in Taseko Mines Ltd TGB by 57.38% and MGM Resorts International MGM by 37.02%. Conversely, the fund closed its entire position in Mac Copper Limited MTALEUR, reducing its exposure by $2.24M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $116.7M | 25.2% | 2,607,012 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $51.0M | 11.0% | 699,703 | Common | SOLE |
| 93627C101 | HCC | WARRIOR MET COAL INC | $47.2M | 10.2% | 535,765 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $39.2M | 8.47% | 2,375,300 | Common | SOLE |
| 552953101 | MGM | MGM RESORTS INTERNATIONAL | $31.4M | 6.79% | 860,938 | Common | SOLE |
| 876511106 | TGB | TASEKO MINES LTD | $24.8M | 5.37% | 4,388,401 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $21.6M | 4.66% | 637,044 | Common | SOLE |
| 68634K106 | ORLA | ORLA MNG LTD NEW | $19.4M | 4.19% | 1,440,000 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $18.3M | 3.96% | 924,189 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $12.7M | 2.75% | 115,100 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $12.2M | 2.63% | 315,943 | Common | SOLE |
| 01921D204 | AAUC | ALLIED GOLD CORP | $11.1M | 2.39% | 483,234 | Common | SOLE |
| 09225M101 | BSM | BLACK STONE MINERALS L P | $10.1M | 2.19% | 760,877 | Common | SOLE |
| 38071H106 | GROY | GOLD ROYALTY CORP | $8.5M | 1.83% | 2,100,000 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $8.0M | 1.72% | 221,000 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $7.7M | 1.67% | 35,876 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $6.7M | 1.45% | 154,100 | Common | SOLE |
| 57777K106 | MXCT | MAXCYTE INC | $5.2M | 1.13% | 3,370,689 | Common | SOLE |
| 496902404 | KGC | KINROSS GOLD CORP | $4.9M | 1.06% | 174,335 | Common | SOLE |
| 629579103 | NC | NACCO INDS INC | $4.5M | 0.98% | 92,520 | Common | SOLE |
| 92512J106 | VBNK | VERSABANK NEW | $1.5M | 0.32% | 97,591 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.