Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: Mar 5, 2021

Total Value ($000): $337,519 (100.0% shares, 0.0% debt)

Holdings (15)

VIV TELEFONICA BRASIL-ADR 12.5%

Value ($000) $42,301 Shares 3,504,627 Est. Cost $11.94 Unrealized —

ARCO ARCOS DORADOS HOLDINGS INC-A 12.2%

Value ($000) $41,225 Shares 5,749,674 Est. Cost $6.44 Unrealized +13.6%

JEF JEFFERIES FINANCIAL GROUP IN 11.7%

Value ($000) $39,373 Shares 2,095,440 Est. Cost $14.67 Unrealized -2.8%

TDW TIDEWATER INC 10.7%

Value ($000) $36,272 Shares 1,564,122 Est. Cost $25.73 Unrealized -12.7%

SPB SPECTRUM BRANDS HOLDINGS INC 10.3%

Value ($000) $34,933 Shares 637,688 Est. Cost $56.81 Unrealized -5.9%

NTR NUTRIEN LTD 10.0%

Value ($000) $33,883 Shares 642,206 Est. Cost $40.90 Unrealized +0.7%

BEN FRANKLIN RESOURCES INC 8.6%

Value ($000) $29,029 Shares 875,955 Est. Cost $21.99 Unrealized +3.3%

CCJ CAMECO CORP 6.1%

Value ($000) $20,700 Shares 1,754,475 Est. Cost $11.30 Unrealized +3.7%

— BROOKFIELD ASSET MANAGE-CL A 5.0%

Value ($000) $17,020 Shares 364,837 Est. Cost $38.35 Unrealized —

— GRAN TIERRA ENERGY INC 4.8%

Value ($000) $16,185 Shares 7,107,028 Est. Cost $2.20 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 3.7%

Value ($000) $12,420 Shares 521,402 Est. Cost $16.04 Unrealized +22.2%

CSW CSW INDUSTRIALS INC 2.4%

Value ($000) $8,035 Shares 140,248 Est. Cost $47.93 Unrealized +8.8%

CSWC CAPITAL SOUTHWEST CORP 0.9%

Value ($000) $2,951 Shares 140,248 Est. Cost $8.20 Unrealized +12.9%

CPA COPA HOLDINGS SA-CLASS A 0.6%

Value ($000) $2,081 Shares 25,817 Est. Cost $63.96 Unrealized +13.1%

RGLD ROYAL GOLD INC 0.3%

Value ($000) $1,111 Shares 12,216 Est. Cost $77.11 Unrealized +13.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VIV	TELEFONICA BRASIL-ADR	3,504,627	$42,301	12.5%	$11.94	—	Com	87936R205
ARCO	ARCOS DORADOS HOLDINGS INC-A	5,749,674	$41,225	12.2%	$6.44	+13.6%	Com	G0457F107
JEF	JEFFERIES FINANCIAL GROUP IN	2,095,440	$39,373	11.7%	$14.67	-2.8%	Com	47233W109
TDW	TIDEWATER INC	1,564,122	$36,272	10.7%	$25.73	-12.7%	Com	88642R109
SPB	SPECTRUM BRANDS HOLDINGS INC	637,688	$34,933	10.3%	$56.81	-5.9%	Com	84790A105
NTR	NUTRIEN LTD	642,206	$33,883	10.0%	$40.90	+0.7%	Com	67077M108
BEN	FRANKLIN RESOURCES INC	875,955	$29,029	8.6%	$21.99	+3.3%	Com	354613101
CCJ	CAMECO CORP	1,754,475	$20,700	6.1%	$11.30	+3.7%	Com	13321L108
—	BROOKFIELD ASSET MANAGE-CL A	364,837	$17,020	5.0%	$38.35	—	Com	112585104
—	GRAN TIERRA ENERGY INC	7,107,028	$16,185	4.8%	$2.20	—	Com	38500T101
WPM	WHEATON PRECIOUS METALS CORP	521,402	$12,420	3.7%	$16.04	+22.2%	Com	962879102
CSW	CSW INDUSTRIALS INC	140,248	$8,035	2.4%	$47.93	+8.8%	Com	126402106
CSWC	CAPITAL SOUTHWEST CORP	140,248	$2,951	0.9%	$8.20	+12.9%	Com	140501107
CPA	COPA HOLDINGS SA-CLASS A	25,817	$2,081	0.6%	$63.96	+13.1%	Com	P31076105
RGLD	ROYAL GOLD INC	12,216	$1,111	0.3%	$77.11	+13.3%	Com	780287108