Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Mar 5, 2021

Total Value ($000): $255,198 (100.0% shares, 0.0% debt)

Holdings (13)

SPB SPECTRUM BRANDS HOLDINGS INC 17.9%

Value ($000) $45,637 Shares 577,834 Est. Cost $56.01 Unrealized +17.1%

JEF JEFFERIES FINANCIAL GROUP IN 14.4%

Value ($000) $36,866 Shares 1,498,615 Est. Cost $14.81 Unrealized +20.8%

NTR NUTRIEN LTD 14.0%

Value ($000) $35,787 Shares 743,078 Est. Cost $38.36 Unrealized -1.8%

ARCO ARCOS DORADOS HOLDINGS INC-A 11.9%

Value ($000) $30,482 Shares 6,060,025 Est. Cost $6.08 Unrealized -31.1%

CCJ CAMECO CORP 10.9%

Value ($000) $27,880 Shares 1,635,206 Est. Cost $10.34 Unrealized +1.7%

VIV TELEFONICA BRASIL-ADR 10.7%

Value ($000) $27,326 Shares 3,087,652 Est. Cost $10.69 Unrealized —

TDW TIDEWATER INC 9.1%

Value ($000) $23,154 Shares 2,679,898 Est. Cost $19.33 Unrealized -58.9%

WPM WHEATON PRECIOUS METALS CORP 5.0%

Value ($000) $12,695 Shares 304,142 Est. Cost $18.40 Unrealized +128.9%

— BROOKFIELD ASSET MANAGE-CL A 2.9%

Value ($000) $7,465 Shares 180,872 Est. Cost $36.53 Unrealized —

CSW CSW INDUSTRIALS INC 1.1%

Value ($000) $2,697 Shares 24,100 Est. Cost $47.93 Unrealized +103.5%

— DESPEGAR.COM CORP 0.8%

Value ($000) $2,166 Shares 169,111 Est. Cost $6.07 Unrealized —

CSWC CAPITAL SOUTHWEST CORP 0.8%

Value ($000) $2,085 Shares 117,472 Est. Cost $8.20 Unrealized +6.2%

CPA COPA HOLDINGS SA-CLASS A 0.4%

Value ($000) $958 Shares 12,407 Est. Cost $53.65 Unrealized +5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPB	SPECTRUM BRANDS HOLDINGS INC	577,834	$45,637	17.9%	$56.01	+17.1%	Com	84790A105
JEF	JEFFERIES FINANCIAL GROUP IN	1,498,615	$36,866	14.4%	$14.81	+20.8%	Com	47233W109
NTR	NUTRIEN LTD	743,078	$35,787	14.0%	$38.36	-1.8%	Com	67077M108
ARCO	ARCOS DORADOS HOLDINGS INC-A	6,060,025	$30,482	11.9%	$6.08	-31.1%	Com	G0457F107
CCJ	CAMECO CORP	1,635,206	$27,880	10.9%	$10.34	+1.7%	Com	13321L108
VIV	TELEFONICA BRASIL-ADR	3,087,652	$27,326	10.7%	$10.69	—	Com	87936R205
TDW	TIDEWATER INC	2,679,898	$23,154	9.1%	$19.33	-58.9%	Com	88642R109
WPM	WHEATON PRECIOUS METALS CORP	304,142	$12,695	5.0%	$18.40	+128.9%	Com	962879102
—	BROOKFIELD ASSET MANAGE-CL A	180,872	$7,465	2.9%	$36.53	—	Com	112585104
CSW	CSW INDUSTRIALS INC	24,100	$2,697	1.1%	$47.93	+103.5%	Com	126402106
—	DESPEGAR.COM CORP	169,111	$2,166	0.8%	$6.07	—	Com	G27358103
CSWC	CAPITAL SOUTHWEST CORP	117,472	$2,085	0.8%	$8.20	+6.2%	Com	140501107
CPA	COPA HOLDINGS SA-CLASS A	12,407	$958	0.4%	$53.65	+5.7%	Com	P31076105