Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Mar 5, 2021

Total Value ($000): $308,843 (100.0% shares, 0.0% debt)

Holdings (15)

ARCO ARCOS DORADOS HOLDINGS INC-A 13.8%

Value ($000) $42,499 Shares 5,246,829 Est. Cost $6.43 Unrealized +2.3%

SPB SPECTRUM BRANDS HOLDINGS INC 13.3%

Value ($000) $41,067 Shares 638,773 Est. Cost $56.29 Unrealized +0.7%

JEF JEFFERIES FINANCIAL GROUP IN 12.8%

Value ($000) $39,557 Shares 1,851,030 Est. Cost $14.67 Unrealized +6.3%

TDW TIDEWATER INC 12.0%

Value ($000) $37,177 Shares 1,928,274 Est. Cost $24.01 Unrealized -33.5%

VIV TELEFONICA BRASIL-ADR 9.7%

Value ($000) $29,993 Shares 2,094,469 Est. Cost $11.94 Unrealized —

NTR NUTRIEN LTD 9.0%

Value ($000) $27,857 Shares 581,436 Est. Cost $40.90 Unrealized -4.1%

— GRAN TIERRA ENERGY INC 7.4%

Value ($000) $22,863 Shares 17,574,599 Est. Cost $1.67 Unrealized —

BEN FRANKLIN RESOURCES INC 6.3%

Value ($000) $19,528 Shares 751,661 Est. Cost $21.95 Unrealized -8.7%

CCJ CAMECO CORP 4.9%

Value ($000) $15,123 Shares 1,702,410 Est. Cost $11.24 Unrealized -19.6%

WPM WHEATON PRECIOUS METALS CORP 4.2%

Value ($000) $12,923 Shares 434,397 Est. Cost $16.04 Unrealized +59.0%

— BROOKFIELD ASSET MANAGE-CL A 3.5%

Value ($000) $10,706 Shares 185,230 Est. Cost $38.35 Unrealized —

CSW CSW INDUSTRIALS INC 1.1%

Value ($000) $3,432 Shares 44,576 Est. Cost $47.93 Unrealized +45.4%

CSWC CAPITAL SOUTHWEST CORP 0.9%

Value ($000) $2,919 Shares 140,248 Est. Cost $8.20 Unrealized +23.1%

CPA COPA HOLDINGS SA-CLASS A 0.8%

Value ($000) $2,499 Shares 23,121 Est. Cost $63.96 Unrealized +36.9%

RGLD ROYAL GOLD INC 0.2%

Value ($000) $700 Shares 5,723 Est. Cost $77.11 Unrealized +53.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARCO	ARCOS DORADOS HOLDINGS INC-A	5,246,829	$42,499	13.8%	$6.43	+2.3%	Com	G0457F107
SPB	SPECTRUM BRANDS HOLDINGS INC	638,773	$41,067	13.3%	$56.29	+0.7%	Com	84790A105
JEF	JEFFERIES FINANCIAL GROUP IN	1,851,030	$39,557	12.8%	$14.67	+6.3%	Com	47233W109
TDW	TIDEWATER INC	1,928,274	$37,177	12.0%	$24.01	-33.5%	Com	88642R109
VIV	TELEFONICA BRASIL-ADR	2,094,469	$29,993	9.7%	$11.94	—	Com	87936R205
NTR	NUTRIEN LTD	581,436	$27,857	9.0%	$40.90	-4.1%	Com	67077M108
—	GRAN TIERRA ENERGY INC	17,574,599	$22,863	7.4%	$1.67	—	Com	38500T101
BEN	FRANKLIN RESOURCES INC	751,661	$19,528	6.3%	$21.95	-8.7%	Com	354613101
CCJ	CAMECO CORP	1,702,410	$15,123	4.9%	$11.24	-19.6%	Com	13321L108
WPM	WHEATON PRECIOUS METALS CORP	434,397	$12,923	4.2%	$16.04	+59.0%	Com	962879102
—	BROOKFIELD ASSET MANAGE-CL A	185,230	$10,706	3.5%	$38.35	—	Com	112585104
CSW	CSW INDUSTRIALS INC	44,576	$3,432	1.1%	$47.93	+45.4%	Com	126402106
CSWC	CAPITAL SOUTHWEST CORP	140,248	$2,919	0.9%	$8.20	+23.1%	Com	140501107
CPA	COPA HOLDINGS SA-CLASS A	23,121	$2,499	0.8%	$63.96	+36.9%	Com	P31076105
RGLD	ROYAL GOLD INC	5,723	$700	0.2%	$77.11	+53.4%	Com	780287108