Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 14, 2023

Total Value ($000): $302,998 (100.0% shares, 0.0% debt)

Holdings (17)

JEF JEFFERIES FINANCIAL GROUP IN 13.7%

Value ($000) $41,410 Shares 1,130,489 Est. Cost $22.60 Unrealized +47.5%

SPB SPECTRUM BRANDS HOLDINGS INC 12.5%

Value ($000) $37,745 Shares 481,751 Est. Cost $61.55 Unrealized +28.2%

TDW TIDEWATER INC 12.4%

Value ($000) $37,704 Shares 530,513 Est. Cost $18.20 Unrealized +247.0%

CCJ CAMECO CORP 10.9%

Value ($000) $33,062 Shares 832,963 Est. Cost $15.25 Unrealized +130.6%

WPM WHEATON PRECIOUS METALS CORP 10.7%

Value ($000) $32,353 Shares 797,854 Est. Cost $34.51 Unrealized +22.5%

— DESPEGAR.COM CORP 10.3%

Value ($000) $31,225 Shares 4,306,940 Est. Cost $8.64 Unrealized —

NTR NUTRIEN LTD 9.9%

Value ($000) $29,977 Shares 485,374 Est. Cost $53.71 Unrealized +8.5%

ARCO ARCOS DORADOS HOLDINGS INC-A 8.2%

Value ($000) $24,709 Shares 2,611,909 Est. Cost $6.07 Unrealized +58.9%

EFXT ENERFLEX LTD 5.6%

Value ($000) $16,891 Shares 2,940,178 Est. Cost $5.48 Unrealized +19.4%

BN BROOKFIELD CORP 1.9%

Value ($000) $5,874 Shares 187,860 Est. Cost $21.90 Unrealized +1.2%

CSW CSW INDUSTRIALS INC 0.9%

Value ($000) $2,738 Shares 15,624 Est. Cost $49.12 Unrealized +256.9%

CSWC CAPITAL SOUTHWEST CORP 0.8%

Value ($000) $2,434 Shares 106,270 Est. Cost $8.64 Unrealized +87.9%

TECK TECK RESOURCES LTD-CLS B 0.8%

Value ($000) $2,386 Shares 55,383 Est. Cost $42.76 Unrealized -3.1%

GGAL GRUPO FINANCIERO GALICIA-ADR 0.5%

Value ($000) $1,647 Shares 126,173 Est. Cost $13.05 Unrealized —

BAM BROOKFIELD ASSET MGMT-A 0.5%

Value ($000) $1,574 Shares 47,197 Est. Cost $27.10 Unrealized +14.8%

CPA COPA HOLDINGS SA-CLASS A 0.4%

Value ($000) $1,239 Shares 13,902 Est. Cost $58.92 Unrealized +52.5%

— BROOKFIELD REINSURANCE LTD 0.0%

Value ($000) $31 Shares 971 Est. Cost $31.29 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINANCIAL GROUP IN	1,130,489	$41,410	13.7%	$22.60	+47.5%	Com	47233W109
SPB	SPECTRUM BRANDS HOLDINGS INC	481,751	$37,745	12.5%	$61.55	+28.2%	Com	84790A105
TDW	TIDEWATER INC	530,513	$37,704	12.4%	$18.20	+247.0%	Com	88642R109
CCJ	CAMECO CORP	832,963	$33,062	10.9%	$15.25	+130.6%	Com	13321L108
WPM	WHEATON PRECIOUS METALS CORP	797,854	$32,353	10.7%	$34.51	+22.5%	Com	962879102
—	DESPEGAR.COM CORP	4,306,940	$31,225	10.3%	$8.64	—	Com	G27358103
NTR	NUTRIEN LTD	485,374	$29,977	9.9%	$53.71	+8.5%	Com	67077M108
ARCO	ARCOS DORADOS HOLDINGS INC-A	2,611,909	$24,709	8.2%	$6.07	+58.9%	Com	G0457F107
EFXT	ENERFLEX LTD	2,940,178	$16,891	5.6%	$5.48	+19.4%	Com	29269R105
BN	BROOKFIELD CORP	187,860	$5,874	1.9%	$21.90	+1.2%	Com	11271J107
CSW	CSW INDUSTRIALS INC	15,624	$2,738	0.9%	$49.12	+256.9%	Com	126402106
CSWC	CAPITAL SOUTHWEST CORP	106,270	$2,434	0.8%	$8.64	+87.9%	Com	140501107
TECK	TECK RESOURCES LTD-CLS B	55,383	$2,386	0.8%	$42.76	-3.1%	Com	878742204
GGAL	GRUPO FINANCIERO GALICIA-ADR	126,173	$1,647	0.5%	$13.05	—	Com	399909100
BAM	BROOKFIELD ASSET MGMT-A	47,197	$1,574	0.5%	$27.10	+14.8%	Com	113004105
CPA	COPA HOLDINGS SA-CLASS A	13,902	$1,239	0.4%	$58.92	+52.5%	Com	P31076105
—	BROOKFIELD REINSURANCE LTD	971	$31	0.0%	$31.29	—	Com	G16250105