AI Portfolio Summary
In 2025 Q4, Mudita Advisors LLP maintained a portfolio of 22 distinct positions. The most significant new addition to the portfolio was GOLD ROYALTY CORP, which now represents 1.83% of the total fund value. They heavily accumulated shares in HILTON GRAND VACATIO, increasing their position by 11.7%. Conversely, Mudita Advisors LLP completely exited their position in MAC COPPER LIMITED.
Total Positions
22
Quarter
2025 Q4
Top Holding
HGV (25.2%)
Top 10 Concentration
82.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-22 of 22
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
HGV
HILTON GRAND VA...
|
Consumer Cyclical | 25.21% | 28.21% |
#1
Prev: #1
|
8.0 | 273,866 | 11.7% |
P
S
|
2,607,012 | $116,663,788 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ESTA
ESTABLISHMENT L...
|
Healthcare | 11.02% | 8.14% |
#2
2
Prev: #4
|
6.0 | 12,939 | 1.9% |
P
S
|
699,703 | $50,994,355 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HCC
WARRIOR MET COA...
|
Basic Materials | 10.21% | 10.36% |
#3
1
Prev: #2
|
5.5 | -26,900 | -4.8% |
P
S
|
535,765 | $47,238,400 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IAG
IAMGOLD CORP
|
Basic Materials | 8.47% | 10.02% |
#4
1
Prev: #3
|
4.4 | -305,700 | -11.4% |
P
S
|
2,375,300 | $39,177,059 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MGM
MGM RESORTS INT...
|
Consumer Cyclical | 6.79% | 6.30% |
#5
Prev: #5
|
5.7 | 232,600 | 37.0% |
P
S
|
860,938 | $31,415,628 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TGB
TASEKO MINES LT...
|
Basic Materials | 5.37% | 3.41% |
#6
4
Prev: #10
|
5.1 | 1,600,000 | 57.4% |
P
S
|
4,388,401 | $24,838,349 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNQ
CANADIAN NAT RE...
|
Energy | 4.66% | 5.89% |
#7
1
Prev: #6
|
2.9 | no change | no change |
P
S
|
637,044 | $21,563,939 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ORLA
ORLA MNG LTD NE...
|
Basic Materials | 4.19% | 4.37% |
#8
1
Prev: #7
|
2.2 | 40,000 | 2.9% |
P
S
|
1,440,000 | $19,394,724 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HBM
HUDBAY MINERALS...
|
Basic Materials | 3.96% | 4.05% |
#9
1
Prev: #8
|
2.1 | -316 | -0.0% |
P
S
|
924,189 | $18,345,767 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXE
EXPAND ENERGY C...
|
Energy | 2.75% | 3.54% |
#10
1
Prev: #9
|
2.1 | no change | no change |
P
S
|
115,100 | $12,702,436 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AGI
ALAMOS GOLD INC...
|
Basic Materials | 2.63% | 2.89% |
#11
Prev: #11
|
3.1 | 28,839 | 10.0% |
P
S
|
315,943 | $12,189,081 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAUCD
ALLIED GOLD COR...
|
Unknown | 2.39% | 1.52% |
#12
3
Prev: #15
|
4.0 | 183,000 | 61.0% |
P
S
|
483,234 | $11,072,447 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BSM
BLACK STONE MIN...
|
Energy | 2.19% | 2.89% |
#13
1
Prev: #12
|
1.9 | no change | no change |
P
S
|
760,877 | $10,112,055 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GROY
GOLD ROYALTY CO...
|
Basic Materials | 1.83% | — |
#14
Prev: #—
|
4.2 | 2,100,000 | no change |
NEW
|
2,100,000 | $8,484,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DAR
DARLING INGREDI...
|
Consumer Defensive | 1.72% | 1.00% |
#15
3
Prev: #18
|
3.7 | 109,200 | 97.7% |
P
S
|
221,000 | $7,956,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FLUT
FLUTTER ENTMT P...
|
Consumer Cyclical | 1.67% | 2.84% |
#16
3
Prev: #13
|
1.2 | -2,660 | -6.9% |
P
S
|
35,876 | $7,732,043 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
B
BARRICK MNG COR...
|
Basic Materials | 1.45% | — |
#17
Prev: #—
|
4.1 | 154,100 | no change |
NEW
|
154,100 | $6,711,054 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MXCT
MAXCYTE INC
|
Healthcare | 1.13% | 1.54% |
#18
4
Prev: #14
|
1.5 | no change | no change |
P
S
|
3,370,689 | $5,224,569 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KGC
KINROSS GOLD CO...
|
Basic Materials | 1.06% | 1.25% |
#19
3
Prev: #16
|
1.4 | no change | no change |
P
S
|
174,335 | $4,909,273 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NC
NACCO INDS INC
|
Energy | 0.98% | 1.13% |
#20
3
Prev: #17
|
1.4 | no change | no change |
P
S
|
92,520 | $4,537,181 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VBNK
VERSABANK NEW
|
Financial Services | 0.32% | — |
#21
Prev: #—
|
3.6 | 97,591 | no change |
NEW
|
97,591 | $1,461,912 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MTAL
MAC COPPER LIMI...
|
Unknown | 0.00% | 0.65% |
Sold All 😨
(Was: #19) |
0.0 | -183,668 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-22 of 22 holdings