Mudita Advisors LLP Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001907809 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 13, 2026

Total Value: $463M (100.0% shares, 0.0% debt)

Holdings (21)

HGV HILTON GRAND VACATIONS INC 25.2%

Value $117M Shares 2,607,012 Est. Cost $41.50 Unrealized +2.4%

ESTA ESTABLISHMENT LABS HLDGS INC 11.0%

Value $50.99M Shares 699,703 Est. Cost $44.65 Unrealized +35.2%

HCC WARRIOR MET COAL INC 10.2%

Value $47.24M Shares 535,765 Est. Cost $50.10 Unrealized +50.1%

IAG IAMGOLD CORP 8.5%

Value $39.18M Shares 2,375,300 Est. Cost $5.39 Unrealized +161.6%

MGM MGM RESORTS INTERNATIONAL 6.8%

Value $31.42M Shares 860,938 Est. Cost $34.19 Unrealized -0.8%

TGB TASEKO MINES LTD 5.4%

Value $24.84M Shares 4,388,401 Est. Cost $3.49 Unrealized +34.7%

CNQ CANADIAN NAT RES LTD 4.7%

Value $21.56M Shares 637,044 Est. Cost $26.51 Unrealized +22.3%

ORLA ORLA MNG LTD NEW 4.2%

Value $19.39M Shares 1,440,000 Est. Cost $10.75 Unrealized +12.9%

HBM HUDBAY MINERALS INC 4.0%

Value $18.35M Shares 924,189 Est. Cost $7.96 Unrealized +112.4%

EXE EXPAND ENERGY CORPORATION 2.7%

Value $12.7M Shares 115,100 Est. Cost $102.85 Unrealized +7.6%

AGI ALAMOS GOLD INC NEW 2.6%

Value $12.19M Shares 315,943 Est. Cost $12.95 Unrealized +169.1%

AAUC ALLIED GOLD CORP 2.4%

Value $11.07M Shares 483,234 Est. Cost $15.37 Unrealized +25.3%

BSM BLACK STONE MINERALS L P 2.2%

Value $10.11M Shares 760,877 Est. Cost $11.30 Unrealized —

GROY GOLD ROYALTY CORP 1.8%

Value $8.484M Shares 2,100,000 Est. Cost $3.83 Unrealized 0.0%

DAR DARLING INGREDIENTS INC 1.7%

Value $7.956M Shares 221,000 Est. Cost $33.37 Unrealized +1.4%

FLUT FLUTTER ENTMT PLC 1.7%

Value $7.732M Shares 35,876 Est. Cost $245.60 Unrealized -8.4%

B BARRICK MNG CORP 1.5%

Value $6.711M Shares 154,100 Est. Cost $37.42 Unrealized 0.0%

MXCT MAXCYTE INC 1.1%

Value $5.225M Shares 3,370,689 Est. Cost $4.35 Unrealized -63.3%

KGC KINROSS GOLD CORP 1.1%

Value $4.909M Shares 174,335 Est. Cost $10.36 Unrealized +150.7%

NC NACCO INDS INC 1.0%

Value $4.537M Shares 92,520 Est. Cost $31.79 Unrealized +44.1%

VBNK VERSABANK NEW 0.3%

Value $1.462M Shares 97,591 Est. Cost $14.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HGV	HILTON GRAND VACATIONS INC	2,607,012	$117M	25.2%	$41.50	+2.4%	COM	43283X105
ESTA	ESTABLISHMENT LABS HLDGS INC	699,703	$50.99M	11.0%	$44.65	+35.2%	COM	G31249108
HCC	WARRIOR MET COAL INC	535,765	$47.24M	10.2%	$50.10	+50.1%	COM	93627C101
IAG	IAMGOLD CORP	2,375,300	$39.18M	8.5%	$5.39	+161.6%	COM	450913108
MGM	MGM RESORTS INTERNATIONAL	860,938	$31.42M	6.8%	$34.19	-0.8%	COM	552953101
TGB	TASEKO MINES LTD	4,388,401	$24.84M	5.4%	$3.49	+34.7%	COM	876511106
CNQ	CANADIAN NAT RES LTD	637,044	$21.56M	4.7%	$26.51	+22.3%	COM	136385101
ORLA	ORLA MNG LTD NEW	1,440,000	$19.39M	4.2%	$10.75	+12.9%	COM	68634K106
HBM	HUDBAY MINERALS INC	924,189	$18.35M	4.0%	$7.96	+112.4%	COM	443628102
EXE	EXPAND ENERGY CORPORATION	115,100	$12.7M	2.7%	$102.85	+7.6%	COM	165167735
AGI	ALAMOS GOLD INC NEW	315,943	$12.19M	2.6%	$12.95	+169.1%	COM CL A	011532108
AAUC	ALLIED GOLD CORP	483,234	$11.07M	2.4%	$15.37	+25.3%	COM NEW	01921D204
BSM	BLACK STONE MINERALS L P	760,877	$10.11M	2.2%	$11.30	—	COM UNIT	09225M101
GROY	GOLD ROYALTY CORP	2,100,000	$8.484M	1.8%	$3.83	0.0%	COMMON SHARES	38071H106
DAR	DARLING INGREDIENTS INC	221,000	$7.956M	1.7%	$33.37	+1.4%	COM	237266101
FLUT	FLUTTER ENTMT PLC	35,876	$7.732M	1.7%	$245.60	-8.4%	SHS	G3643J108
B	BARRICK MNG CORP	154,100	$6.711M	1.5%	$37.42	0.0%	COM SHS	06849F108
MXCT	MAXCYTE INC	3,370,689	$5.225M	1.1%	$4.35	-63.3%	COM	57777K106
KGC	KINROSS GOLD CORP	174,335	$4.909M	1.1%	$10.36	+150.7%	COM	496902404
NC	NACCO INDS INC	92,520	$4.537M	1.0%	$31.79	+44.1%	CL A	629579103
VBNK	VERSABANK NEW	97,591	$1.462M	0.3%	$14.98	—	COM	92512J106