Mudita Advisors LLP Long-Term Concentrated

CIK: 0001907809 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value ($000): $345,799 (100.0% shares, 0.0% debt)

Holdings (19)

HGV HILTON GRAND VACATIONS INC 28.2%

Value ($000) $97,549 Shares 2,333,146 Est. Cost $41.39 Unrealized +11.2%

HCC WARRIOR MET COAL INC 10.4%

Value ($000) $35,808 Shares 562,665 Est. Cost $50.10 Unrealized +14.1%

IAG IAMGOLD CORP 10.0%

Value ($000) $34,660 Shares 2,681,000 Est. Cost $5.39 Unrealized +62.6%

ESTA ESTABLISHMENT LABS HLDGS INC 8.1%

Value ($000) $28,150 Shares 686,764 Est. Cost $44.36 Unrealized -7.9%

MGM MGM RESORTS INTERNATIONAL 6.3%

Value ($000) $21,778 Shares 628,338 Est. Cost $34.28 Unrealized +7.0%

CNQ CANADIAN NAT RES LTD 5.9%

Value ($000) $20,360 Shares 637,044 Est. Cost $26.51 Unrealized +18.2%

ORLA ORLA MNG LTD NEW 4.4%

Value ($000) $15,119 Shares 1,400,000 Est. Cost $10.71 Unrealized 0.0%

HBM HUDBAY MINERALS INC 4.1%

Value ($000) $14,014 Shares 924,505 Est. Cost $7.96 Unrealized +43.8%

EXE EXPAND ENERGY CORPORATION 3.5%

Value ($000) $12,228 Shares 115,100 Est. Cost $102.85 Unrealized -3.6%

TGB TASEKO MINES LTD 3.4%

Value ($000) $11,795 Shares 2,788,401 Est. Cost $2.80 Unrealized +21.7%

AGI ALAMOS GOLD INC NEW 2.9%

Value ($000) $10,008 Shares 287,104 Est. Cost $10.75 Unrealized +165.9%

BSM BLACK STONE MINERALS L P 2.9%

Value ($000) $9,998 Shares 760,877 Est. Cost $11.30 Unrealized —

FLUT FLUTTER ENTMT PLC 2.8%

Value ($000) $9,832 Shares 38,536 Est. Cost $245.60 Unrealized +19.2%

MXCT MAXCYTE INC 1.5%

Value ($000) $5,326 Shares 3,370,689 Est. Cost $4.35 Unrealized -60.1%

AAUC ALLIED GOLD CORP 1.5%

Value ($000) $5,248 Shares 300,234 Est. Cost $12.99 Unrealized +8.2%

KGC KINROSS GOLD CORP 1.3%

Value ($000) $4,332 Shares 174,335 Est. Cost $10.36 Unrealized +85.6%

NC NACCO INDS INC 1.1%

Value ($000) $3,901 Shares 92,520 Est. Cost $31.79 Unrealized +23.6%

DAR DARLING INGREDIENTS INC 1.0%

Value ($000) $3,451 Shares 111,800 Est. Cost $32.91 Unrealized +1.5%

— MAC COPPER LIMITED 0.6%

Value ($000) $2,243 Shares 183,668 Est. Cost $12.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HGV	HILTON GRAND VACATIONS INC	2,333,146	$97,549	28.2%	$41.39	+11.2%	COM	43283X105
HCC	WARRIOR MET COAL INC	562,665	$35,808	10.4%	$50.10	+14.1%	COM	93627C101
IAG	IAMGOLD CORP	2,681,000	$34,660	10.0%	$5.39	+62.6%	COM	450913108
ESTA	ESTABLISHMENT LABS HLDGS INC	686,764	$28,150	8.1%	$44.36	-7.9%	COM	G31249108
MGM	MGM RESORTS INTERNATIONAL	628,338	$21,778	6.3%	$34.28	+7.0%	COM	552953101
CNQ	CANADIAN NAT RES LTD	637,044	$20,360	5.9%	$26.51	+18.2%	COM	136385101
ORLA	ORLA MNG LTD NEW	1,400,000	$15,119	4.4%	$10.71	0.0%	COM	68634K106
HBM	HUDBAY MINERALS INC	924,505	$14,014	4.1%	$7.96	+43.8%	COM	443628102
EXE	EXPAND ENERGY CORPORATION	115,100	$12,228	3.5%	$102.85	-3.6%	COM	165167735
TGB	TASEKO MINES LTD	2,788,401	$11,795	3.4%	$2.80	+21.7%	COM	876511106
AGI	ALAMOS GOLD INC NEW	287,104	$10,008	2.9%	$10.75	+165.9%	COM CL A	011532108
BSM	BLACK STONE MINERALS L P	760,877	$9,998	2.9%	$11.30	—	COM UNIT	09225M101
FLUT	FLUTTER ENTMT PLC	38,536	$9,832	2.8%	$245.60	+19.2%	SHS	G3643J108
MXCT	MAXCYTE INC	3,370,689	$5,326	1.5%	$4.35	-60.1%	COM	57777K106
AAUC	ALLIED GOLD CORP	300,234	$5,248	1.5%	$12.99	+8.2%	COM NEW	01921D204
KGC	KINROSS GOLD CORP	174,335	$4,332	1.3%	$10.36	+85.6%	COM	496902404
NC	NACCO INDS INC	92,520	$3,901	1.1%	$31.79	+23.6%	CL A	629579103
DAR	DARLING INGREDIENTS INC	111,800	$3,451	1.0%	$32.91	+1.5%	COM	237266101
—	MAC COPPER LIMITED	183,668	$2,243	0.6%	$12.54	—	ORD SHS	G60409110