Mudita Advisors LLP — 13F Holdings & Portfolio
CIK 1907809 · latest 13F-HR filed 2026-08-13
Mudita Advisors LLP manages $481.0M in 13F-reported U.S. long-equity assets across 24 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are HGV (30.58%), ESTA (12.90%), MGM (9.40%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position and exited 5; 7 existing positions rose in reported value and 13 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-13
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 82.6%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Jun 3, 2026.
6TH FLOOR
LONDON SW1Y 4JU
United Kingdom
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| HARDY, THOMAS, LUKE RIMINGTON Control | FOUNDER & CHIEF INVESTMENT OFFICER since Jan 2018 | 75% or more | Individual |
| MANDY, KEVIN, ANDREW ROYSTON Control | CHIEF COMPLIANCE OFFICER since Jan 2023 | Less than 5% | Individual |
| SCOTT, PETER, JAMES Control | PARTNER & INVESTMENT ANALYST since Jul 2021 | 10–25% | Individual |
Ownership & leadership changes · 2 filings with changes since Jul 30, 2021
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- ChangedSCOTT, PETER, JAMES · ownership Less than 5% → 10–25%
- No longer listedTANNER, DEBORAH, SUSAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jul 2021
- AddedMANDY, KEVIN, ANDREW ROYSTON · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedHARDY, THOMAS, LUKE RIMINGTON · FOUNDER & CHIEF INVESTMENT OFFICER · 75% or more · control person
- ListedSCOTT, PETER, JAMES · PARTNER & INVESTMENT ANALYST · Less than 5% · control person
- ListedTANNER, DEBORAH, SUSAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- HILTON GRAND VACATIONS INC$38.4M +35.3%
- ESTABLISHMENT LABS HLDGS INC$18.6M +42.9%
- MGM RESORTS INTERNATIONAL$10.2M +29.2%
- VERSABANK NEW$1.8M +63.8%
- MAXCYTE INC$1.8M +75.1%
Top Trims
- ORLA MNG LTD NEW-$13.5M -63.6%
- IAMGOLD CORP-$7.0M -15.8%
- ALAMOS GOLD INC-$6.3M -31.7%
- CANADIAN NAT RES LTD MED TER-$4.9M -18.9%
- DARLING INGREDIENTS INC-$3.1M -11.7%
Exited Positions
- EXPAND ENERGY CORPORATION$13.6M
- TASEKO MINES LTD$13.2M
- BUNGE GLOBAL SA$9.8M
- SASOL LTD$7.9M
- ZOOM COMMUNICATIONS INC$6.3M
Mudita Advisors LLP Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | HILTON GRAND VACATIONS INC | HGV | 43283X105 | $147.1M | 30.58% | 2,808,706 | SH |
| 2 | ESTABLISHMENT LABS HLDGS INC | ESTA | G31249108 | $62.0M | 12.90% | 723,063 | SH |
| 3 | MGM RESORTS INTERNATIONAL | MGM | 552953101 | $45.2M | 9.40% | 945,938 | SH |
| 4 | IAMGOLD CORP | IAG | 450913108 | $37.6M | 7.83% | 2,375,300 | SH |
| 5 | DARLING INGREDIENTS INC | DAR | 237266101 | $23.2M | 4.82% | 424,841 | SH |
| 6 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $21.0M | 4.37% | 532,366 | SH |
| 7 | APPIAN CORP | APPN | 03782L101 | $19.2M | 4.00% | 839,400 | SH |
| 8 | TREKOR METALS LTD | TGB | 89472Y107 | $14.1M | 2.94% | 2,053,209 | SH |
| 9 | WARRIOR MET COAL INC | HCC | 93627C101 | $14.1M | 2.94% | 174,000 | SH |
| 10 | ALAMOS GOLD INC | AGI | 011532108 | $13.6M | 2.83% | 449,204 | SH |
| 11 | CORE NATURAL RESOURCES INC | CNR | 218937100 | $13.6M | 2.82% | 169,400 | SH |
| 12 | FLUTTER ENTMT PLC | FLUT | G3643J108 | $12.5M | 2.59% | 121,976 | SH |
| 13 | BLACK STONE MINERALS L P | BSM | 09225M101 | $10.6M | 2.21% | 760,877 | SH |
| 14 | ORLA MNG LTD NEW | ORLA | 68634K106 | $7.7M | 1.61% | 790,319 | SH |
| 15 | HUDBAY MINERALS INC | HBM | 443628102 | $7.5M | 1.56% | 317,389 | SH |
| 16 | S&P GLOBAL INC | SPGI | 78409V104 | $5.7M | 1.19% | 14,000 | SH |
| 17 | VERSABANK NEW | VBNK | 92512J106 | $4.7M | 0.98% | 202,925 | SH |
| 18 | NACCO INDS INC | NC | 629579103 | $4.6M | 0.96% | 92,520 | SH |
| 19 | MAXCYTE INC | MXCT | 57777K106 | $4.1M | 0.86% | 3,370,689 | SH |
| 20 | KINROSS GOLD CORP | KGC | 496902404 | $4.1M | 0.86% | 174,335 | SH |
| 21 | ADVANSIX INC | ASIX | 00773T101 | $3.4M | 0.70% | 170,490 | SH |
| 22 | OSISKO DEVELOPMENT CORP | ODV | 68828E809 | $2.7M | 0.56% | 1,100,000 | SH |
| 23 | ALLIED GOLD CORP | AAUC | 01921D204 | $2.0M | 0.42% | 85,234 | SH |
| 24 | BARRICK MNG CORP | B | 06849F108 | $411.4K | 0.09% | 11,200 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $481.0M | 24 | 0001172661-26-003403 |
| 2026-03-31 | 2026-05-14 | $490.1M | 28 | 0001172661-26-001925 |
| 2025-12-31 | 2026-02-13 | $462.7M | 21 | 0001172661-26-000800 |
| 2025-09-30 | 2025-11-13 | $345.8M | 19 | 0001172661-25-004771 |
6TH FLOOR
LONDON, X0 SW1Y 4JU