Mudita Advisors LLP
Net seller this quarter
$481M
22
-$17.7M
82.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 HGV | $147M | 30.58% | 3.60% | +1.1% | Q4 2021 |
 ESTA | $62M | 12.90% | 2.43% | -5.4% | Q4 2021 |
 MGM | $45.2M | 9.40% | 0.38% | Not reported | Q2 2025 |
 IAG | $37.6M | 7.83% | 0.40% | Not reported | Q2 2024 |
 DAR | $23.2M | 4.82% | 0.27% | Not reported | Q2 2025 |
 CNQ | $21M | 4.37% | 0.03% | Not reported | Q4 2021 |
 APPN | $19.2M | 4.00% | 1.17% | Not reported | Q1 2026 |
 TGB | $14.1M | 2.94% | 0.57% | New | Q2 2026 |
 HCC | $14.1M | 2.94% | 0.33% | Not reported | Q1 2023 |
 AGI | $13.6M | 2.83% | 0.11% | Not reported | Q4 2021 |
 CNR | $13.6M | 2.82% | 0.34% | +17.3% | Q1 2026 |
 FLUT | $12.5M | 2.59% | 0.07% | +4.3% | Q2 2024 |
 BSM | $10.6M | 2.21% | Not reported | Not reported | Q4 2021 |
 HBM | $7.49M | 1.56% | 0.08% | Not reported | Q2 2023 |
 SPGI | $5.7M | 1.19% | 0.00% | Not reported | Q1 2026 |
 VBNK | $4.71M | 0.98% | 0.78% | Not reported | Q4 2025 |
 NC | $4.63M | 0.96% | Not reported | Not reported | Q1 2025 |
 MXCT | $4.15M | 0.86% | 3.18% | Not reported | Q3 2022 |
 KGC | $4.12M | 0.86% | 0.01% | Not reported | Q4 2024 |
 ASIX | $3.39M | 0.70% | 0.63% | +105.9% | Q1 2026 |
 AAUC | $2.03M | 0.42% | 0.07% | -46.8% | Q2 2025 |
 B | $411K | 0.09% | 0.00% | Not reported | Q4 2025 |
| Q1 2026 | |||||
| HGV | $109M | 22.18% | 3.45% | +6.6% | Q4 2021 |
| IAG | $44.7M | 9.12% | 0.40% | Not reported | Q2 2024 |
| ESTA | $43.4M | 8.86% | 2.60% | +9.3% | Q4 2021 |
| MGM | $35M | 7.14% | 0.37% | +9.9% | Q2 2025 |
| DAR | $26.3M | 5.36% | 0.27% | +92.2% | Q2 2025 |
| CNQ | $25.9M | 5.29% | 0.03% | -16.4% | Q4 2021 |
| APPN | $20.2M | 4.13% | 1.14% | New | Q1 2026 |
| AGI | $20M | 4.07% | 0.11% | +42.2% | Q4 2021 |
| HCC | $16.2M | 3.31% | 0.33% | -67.5% | Q1 2023 |
| CNR | $15.1M | 3.09% | 0.29% | New | Q1 2026 |
 EXE | $13.6M | 2.77% | 0.05% | +7.5% | Q1 2025 |
| FLUT | $11.9M | 2.43% | 0.07% | +226.1% | Q2 2024 |
| BSM | $11.5M | 2.35% | Not reported | Not reported | Q4 2021 |
 BG | $9.82M | 2.00% | 0.04% | New | Q1 2026 |
 SSL | $7.87M | 1.61% | Not reported | New | Q1 2026 |
| HBM | $6.63M | 1.35% | 0.08% | -65.7% | Q2 2023 |
 ZM | $6.33M | 1.29% | Not reported | New | Q1 2026 |
| SPGI | $5.95M | 1.22% | 0.00% | New | Q1 2026 |
| KGC | $5.32M | 1.09% | 0.01% | Not reported | Q4 2024 |
| AAUC | $4.97M | 1.01% | 0.13% | -66.8% | Q2 2025 |
| NC | $4.81M | 0.98% | Not reported | Not reported | Q1 2025 |
| VBNK | $2.88M | 0.59% | 0.78% | +107.9% | Q4 2025 |
| MXCT | $2.37M | 0.48% | 3.15% | Not reported | Q3 2022 |
| ASIX | $2.02M | 0.41% | 0.31% | New | Q1 2026 |
| B | $457K | 0.09% | 0.00% | -92.7% | Q4 2025 |
| Q4 2025 | |||||
| HGV | $117M | 25.21% | 3.14% | +11.7% | Q4 2021 |
| ESTA | $51M | 11.02% | 2.39% | +1.9% | Q4 2021 |
| HCC | $47.2M | 10.21% | 1.02% | -4.8% | Q1 2023 |
| IAG | $39.2M | 8.47% | 0.40% | -11.4% | Q2 2024 |
| MGM | $31.4M | 6.79% | 0.33% | +37.0% | Q2 2025 |
| CNQ | $21.6M | 4.66% | 0.03% | Not reported | Q4 2021 |
| HBM | $18.3M | 3.96% | 0.23% | 0.0% | Q2 2023 |
| EXE | $12.7M | 2.75% | 0.05% | Not reported | Q1 2025 |
| AGI | $12.2M | 2.63% | 0.08% | +10.0% | Q4 2021 |
| AAUC | $11.1M | 2.39% | 0.39% | +61.0% | Q2 2025 |
| BSM | $10.1M | 2.19% | Not reported | Not reported | Q4 2021 |
 GROY | $8.48M | 1.83% | 0.94% | New | Q4 2025 |
| DAR | $7.96M | 1.72% | 0.14% | +97.7% | Q2 2025 |
| FLUT | $7.73M | 1.67% | 0.02% | -6.9% | Q2 2024 |
| B | $6.71M | 1.45% | 0.01% | New | Q4 2025 |
| MXCT | $5.22M | 1.13% | 3.16% | Not reported | Q3 2022 |
| KGC | $4.91M | 1.06% | 0.01% | Not reported | Q4 2024 |
| NC | $4.54M | 0.98% | Not reported | Not reported | Q1 2025 |
| VBNK | $1.46M | 0.32% | 0.38% | New | Q4 2025 |
| Q3 2025 | |||||
| HGV | $97.5M | 28.21% | 2.69% | +8.8% | Q4 2021 |
| HCC | $35.8M | 10.36% | 1.07% | +0.7% | Q1 2023 |
| IAG | $34.7M | 10.02% | 0.47% | 0.0% | Q2 2024 |
| ESTA | $28.2M | 8.14% | 2.36% | +14.3% | Q4 2021 |
| MGM | $21.8M | 6.30% | 0.23% | +106.8% | Q2 2025 |
| CNQ | $20.4M | 5.89% | 0.03% | Not reported | Q4 2021 |
| HBM | $14M | 4.05% | 0.23% | -31.9% | Q2 2023 |
| EXE | $12.2M | 3.54% | 0.05% | +4.4% | Q1 2025 |
| AGI | $10M | 2.89% | 0.07% | -39.9% | Q4 2021 |
| BSM | $10M | 2.89% | Not reported | Not reported | Q4 2021 |
| FLUT | $9.83M | 2.84% | 0.02% | +4.7% | Q2 2024 |
| MXCT | $5.33M | 1.54% | 3.16% | Not reported | Q3 2022 |
| AAUC | $5.25M | 1.52% | Not reported | +28.7% | Q2 2025 |
| KGC | $4.33M | 1.25% | 0.01% | -64.9% | Q4 2024 |
| NC | $3.9M | 1.13% | Not reported | Not reported | Q1 2025 |
| DAR | $3.45M | 1.00% | 0.07% | Not reported | Q2 2025 |