Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Mar 5, 2021

Total Value ($000): $293,702 (100.0% shares, 0.0% debt)

Holdings (15)

JEF JEFFERIES FINANCIAL GROUP IN 13.1%

Value ($000) $38,523 Shares 2,093,662 Est. Cost $14.67 Unrealized -0.6%

ARCO ARCOS DORADOS HOLDINGS INC-A 12.6%

Value ($000) $36,928 Shares 5,495,214 Est. Cost $6.43 Unrealized +0.4%

VIV TELEFONICA BRASIL-ADR 12.5%

Value ($000) $36,669 Shares 2,784,306 Est. Cost $11.94 Unrealized —

SPB SPECTRUM BRANDS HOLDINGS INC 12.3%

Value ($000) $36,206 Shares 686,766 Est. Cost $56.29 Unrealized -7.3%

NTR NUTRIEN LTD 10.9%

Value ($000) $32,149 Shares 644,522 Est. Cost $40.90 Unrealized +0.3%

TDW TIDEWATER INC 8.4%

Value ($000) $24,664 Shares 1,632,318 Est. Cost $25.47 Unrealized -26.0%

BEN FRANKLIN RESOURCES INC 7.2%

Value ($000) $21,188 Shares 734,150 Est. Cost $21.99 Unrealized +1.5%

CCJ CAMECO CORP 5.9%

Value ($000) $17,282 Shares 1,818,977 Est. Cost $11.24 Unrealized -18.5%

— GRAN TIERRA ENERGY INC 5.4%

Value ($000) $15,923 Shares 12,856,074 Est. Cost $1.81 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 4.1%

Value ($000) $11,964 Shares 455,929 Est. Cost $16.04 Unrealized +56.0%

— BROOKFIELD ASSET MANAGE-CL A 4.0%

Value ($000) $11,726 Shares 220,867 Est. Cost $38.35 Unrealized —

CSW CSW INDUSTRIALS INC 1.3%

Value ($000) $3,822 Shares 55,365 Est. Cost $47.93 Unrealized +39.5%

CSWC CAPITAL SOUTHWEST CORP 1.0%

Value ($000) $3,057 Shares 140,248 Est. Cost $8.20 Unrealized +19.6%

CPA COPA HOLDINGS SA-CLASS A 0.8%

Value ($000) $2,283 Shares 23,121 Est. Cost $63.96 Unrealized +31.4%

RGLD ROYAL GOLD INC 0.4%

Value ($000) $1,318 Shares 10,698 Est. Cost $77.11 Unrealized +57.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINANCIAL GROUP IN	2,093,662	$38,523	13.1%	$14.67	-0.6%	Com	47233W109
ARCO	ARCOS DORADOS HOLDINGS INC-A	5,495,214	$36,928	12.6%	$6.43	+0.4%	Com	G0457F107
VIV	TELEFONICA BRASIL-ADR	2,784,306	$36,669	12.5%	$11.94	—	Com	87936R205
SPB	SPECTRUM BRANDS HOLDINGS INC	686,766	$36,206	12.3%	$56.29	-7.3%	Com	84790A105
NTR	NUTRIEN LTD	644,522	$32,149	10.9%	$40.90	+0.3%	Com	67077M108
TDW	TIDEWATER INC	1,632,318	$24,664	8.4%	$25.47	-26.0%	Com	88642R109
BEN	FRANKLIN RESOURCES INC	734,150	$21,188	7.2%	$21.99	+1.5%	Com	354613101
CCJ	CAMECO CORP	1,818,977	$17,282	5.9%	$11.24	-18.5%	Com	13321L108
—	GRAN TIERRA ENERGY INC	12,856,074	$15,923	5.4%	$1.81	—	Com	38500T101
WPM	WHEATON PRECIOUS METALS CORP	455,929	$11,964	4.1%	$16.04	+56.0%	Com	962879102
—	BROOKFIELD ASSET MANAGE-CL A	220,867	$11,726	4.0%	$38.35	—	Com	112585104
CSW	CSW INDUSTRIALS INC	55,365	$3,822	1.3%	$47.93	+39.5%	Com	126402106
CSWC	CAPITAL SOUTHWEST CORP	140,248	$3,057	1.0%	$8.20	+19.6%	Com	140501107
CPA	COPA HOLDINGS SA-CLASS A	23,121	$2,283	0.8%	$63.96	+31.4%	Com	P31076105
RGLD	ROYAL GOLD INC	10,698	$1,318	0.4%	$77.11	+57.9%	Com	780287108