Q2 2026 13F · SEC CIK 1907809
Mudita Advisors LLP
Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $481.0M
- Reported positions
- 24
- Top holdings a year, 3 yrs
- +19.3%
- Assets under management
- $2.4B
Mudita Advisors LLP is a hedge fund that reported 24 positions worth $481.0M in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Hilton Grand Vacations Inc (HGV, 30.6%), Establishment Labs Hldgs Inc (ESTA, 12.9%), Mgm Resorts International (MGM, 9.4%). A portfolio copying its top holdings returned 19.3% a year over the last 3 years, against 20.4% for the S&P 500.
Mudita Advisors LLP holdings all 24 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| HGVHilton Grand Vacations Inc | 30.6% | +1.1% | $147.1M |
| ESTAEstablishment Labs Hldgs Inc | 12.9% | -5.4% | $62.0M |
| MGMMgm Resorts International | 9.4% | +0.0% | $45.2M |
| IAGIamgold Corp | 7.8% | +0.0% | $37.6M |
| DARDarling Ingredients Inc | 4.8% | +0.0% | $23.2M |
| CNQCanadian Nat Res Ltd Med Ter | 4.4% | +0.0% | $21.0M |
| APPNAppian Corp | 4.0% | +0.0% | $19.2M |
| TGBTrekor Metals Ltd | 2.9% | — | $14.1M |
| HCCWarrior Met Coal Inc | 2.9% | +0.0% | $14.1M |
| AGIAlamos Gold Inc | 2.8% | +0.0% | $13.6M |
| CNRCore Nat Res Inc | 2.8% | +17.3% | $13.6M |
| FLUTFlutter Entmt PLC | 2.6% | +4.3% | $12.5M |
| BSMBlack Stone Minerals L P | 2.2% | +0.0% | $10.6M |
| ORLAOrla Mng Ltd New | 1.6% | -40.0% | $7.7M |
| HBMHudbay Minerals Inc | 1.6% | +0.0% | $7.5M |
| SPGIS&p Global Inc | 1.2% | +0.0% | $5.7M |
| VBNKVersabank New | 1.0% | +0.0% | $4.7M |
| NCNacco Inds Inc | 1.0% | +0.0% | $4.6M |
| MXCTMaxcyte Inc | 0.9% | +0.0% | $4.1M |
| KGCKinross Gold Corp | 0.9% | +0.0% | $4.1M |
| ASIXAdvansix Inc | 0.7% | +105.9% | $3.4M |
| 68828E809Osisko Development Corp | 0.6% | +0.0% | $2.7M |
| AAUCAllied Gold Corp | 0.4% | -46.8% | $2.0M |
| BBarrick Mng Corp | 0.1% | +0.0% | $411K |
What Mudita Advisors LLP bought and sold in Q2 2026, against Q1 2026.
New positions
- TGB Trekor Metals Ltd2.9% of 13F
Added to
- ASIX Advansix Inc+105.9% shares
- CNR Core Nat Res Inc+17.3% shares
Reduced
- AAUC Allied Gold Corp-46.8% shares
- ORLA Orla Mng Ltd New-40.0% shares
- ESTA Establishment Labs Hldgs Inc-5.4% shares
Sold out
- EXE Expand Energy Corporationwas 2.8%
- Taseko Mines Ltd Comwas 2.7%
- BG Bunge Global SAwas 2.0%
- SSL Sasol Ltdwas 1.6%
- ZM Zoom Communications Incwas 1.3%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +44.9% /yr
- S&P 500 +20.1%
- 3 years
- +19.3% /yr
- S&P 500 +20.4%
- 5 years
- +14.4% /yr
- S&P 500 +13.0%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $481.0M | 24 |
| Q1 2026 | $490.1M | 28 |
| Q4 2025 | $462.7M | 21 |
| Q3 2025 | $345.8M | 19 |
| Q2 2025 | $298.1M | 19 |
| Q1 2025 | $197.9M | 17 |
| Q4 2024 | $178.1M | 18 |
| Q3 2024 | $182.7M | 17 |
| Q2 2024 | $195.3M | 18 |
| Q1 2024 | $167.9M | 16 |
| Q4 2023 | $144.1M | 16 |
| Q3 2023 | $137.0M | 17 |
Questions about Mudita Advisors LLP's portfolio
What stocks does Mudita Advisors LLP own?
Mudita Advisors LLP's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 24 positions worth $481.0M. The largest are Hilton Grand Vacations Inc (HGV) at 30.6%, Establishment Labs Hldgs Inc (ESTA) at 12.9%, Mgm Resorts International (MGM) at 9.4%, Iamgold Corp (IAG) at 7.8% and Darling Ingredients Inc (DAR) at 4.8%.
What did Mudita Advisors LLP buy last quarter?
In Q2 2026, Mudita Advisors LLP added a new position in Trekor Metals Ltd (TGB), Advansix Inc (ASIX) (+105.9% shares) and Core Nat Res Inc (CNR) (+17.3% shares), compared with its Q1 2026 filing.
What did Mudita Advisors LLP sell last quarter?
In Q2 2026, Mudita Advisors LLP sold all of Expand Energy Corporation (EXE), sold all of Taseko Mines Ltd Com, sold all of Bunge Global SA (BG), sold all of Sasol Ltd (SSL), sold all of Zoom Communications Inc (ZM), Allied Gold Corp (AAUC) (-46.8% shares), Orla Mng Ltd New (ORLA) (-40.0% shares) and Establishment Labs Hldgs Inc (ESTA) (-5.4% shares), compared with its Q1 2026 filing.
How has Mudita Advisors LLP's portfolio performed?
A portfolio copying Mudita Advisors LLP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +44.9% against +20.1%. Over 5 years: +14.4% a year against +13.0%.
When is Mudita Advisors LLP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Mudita Advisors LLP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Mudita Advisors LLP manage?
Mudita Advisors LLP reported $2.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $481.0M.