Institutional
Mudita Advisors LLP
CIK 0001907809
$490.1M
Reported AUM
28
Positions
Q1 2026
Period
2026-05-14
Filed
The Brief · Mudita Advisors LLP · Q1 2026
AI · grounded in 13F
Mudita Advisors LLP initiated a new position in APPN valued at $20.2M. The fund also opened new stakes in CNR for $15.1M and BG for $9.8M. On the sell side, the fund closed its position in GROY, reducing its exposure by $8.5M. Other notable activity included trimming shares of HCC by 67.5% and HBM by 65.7%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HGV | HILTON GRAND VACATIONS INC | $46.32 | -9.92% | 4.11% | 6.02% | $108.7M | 22.18% | — | HELD |
| 2 | IAG | IAMGOLD CORP | $14.56 | 4.52% | 103.06% | 485.29% | $44.7M | 9.12% | — | HELD |
| 3 | ESTA | ESTABLISHMENT LABS HLDGS INC | $93.48 | 1.69% | 126.22% | 24.69% | $43.4M | 8.86% | — | HELD |
| 4 | MGM | MGM RESORTS INTERNATIONAL | $45.66 | -0.37% | 28.20% | 7.58% | $35.0M | 7.14% | — | HELD |
| 5 | DAR | DARLING INGREDIENTS INC | $61.00 | 4.06% | 90.54% | -19.46% | $26.3M | 5.36% | — | HELD |
| 6 | CNQ | CANADIAN NAT RES LTD MED TER | $47.28 | 1.79% | 52.96% | 258.86% | $25.9M | 5.29% | — | HELD |
| 7 | ORLA | ORLA MNG LTD NEW | $9.44 | 5.59% | -0.72% | 140.50% | $21.2M | 4.34% | — | HELD |
| 8 | APPN | APPIAN CORP | $26.48 | -7.86% | -3.78% | -75.30% | $20.2M | 4.13% | — | HELD |
| 9 | AGI | ALAMOS GOLD INC | $28.40 | -0.63% | 15.15% | 275.48% | $20.0M | 4.07% | — | HELD |
| 10 | HCC | WARRIOR MET COAL INC | $80.40 | 1.75% | 56.80% | 297.04% | $16.2M | 3.31% | — | HELD |
| 11 | CNR | CORE NATURAL RESOURCES INC | $81.13 | 4.12% | 11.95% | 285.81% | $15.1M | 3.09% | — | HELD |
| 12 | EXE | EXPAND ENERGY CORPORATION | $92.42 | -0.04% | -6.41% | 107.93% | $13.6M | 2.77% | — | HELD |
| 13 | TGB | TASEKO MINES LTD | $7.08 | 5.51% | 129.87% | 297.75% | $13.2M | 2.70% | — | HELD |
| 14 | FLUT | FLUTTER ENTMT PLC | $102.13 | -5.24% | -64.03% | -44.59% | $11.9M | 2.43% | — | HELD |
| 15 | BSM | BLACK STONE MINERALS L P | $14.80 | 0.20% | 28.83% | 139.34% | $11.5M | 2.35% | — | HELD |
| 16 | BG | BUNGE GLOBAL SA | $105.07 | -2.51% | 37.39% | 56.46% | $9.8M | 2.00% | — | HELD |
| 17 | SSL | SASOL LTD | $11.71 | 1.47% | 138.49% | -13.17% | $7.9M | 1.61% | — | HELD |
| 18 | HBM | HUDBAY MINERALS INC | $22.75 | 3.50% | 150.48% | 274.47% | $6.6M | 1.35% | — | HELD |
| 19 | ZNGA | ZOOM COMMUNICATIONS INC | — | — | — | — | $6.3M | 1.29% | — | HELD |
| 20 | SPGI | S&P GLOBAL INC | $415.00 | -1.11% | -18.94% | 2.88% | $6.0M | 1.22% | — | HELD |
| 21 | KGC | KINROSS GOLD CORP | $23.62 | 1.77% | 43.78% | 319.23% | $5.3M | 1.09% | — | HELD |
| 22 | AAUC | ALLIED GOLD CORP | $17.84 | 4.76% | 35.77% | 149.02% | $5.0M | 1.01% | — | HELD |
| 23 | NC | NACCO INDS INC | $47.18 | -0.90% | 31.98% | 112.47% | $4.8M | 0.98% | — | HELD |
| 24 | ODV | OSISKO DEVELOPMENT CORP | $2.31 | 2.21% | 1.76% | — | $3.6M | 0.73% | — | HELD |
| 25 | VBNK | VERSABANK NEW | $19.42 | 0.41% | 70.59% | 80.87% | $2.9M | 0.59% | — | HELD |
| 26 | MXCT | MAXCYTE INC | $1.05 | 3.96% | -50.49% | -93.42% | $2.4M | 0.48% | — | HELD |
| 27 | ASIX | ADVANSIX INC | $20.60 | 2.39% | 8.63% | -38.72% | $2.0M | 0.41% | — | HELD |
| 28 | B | BARRICK MNG CORP | $37.70 | 3.69% | 80.45% | 113.85% | $457K | 0.09% | — | HELD |
Source: SEC EDGAR · accession 0001172661-26-001925. 13F discloses long positions only — shorts, foreign equities, and options are excluded.