Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $332,196 (100.0% shares, 0.0% debt)

Holdings (17)

JEF JEFFERIES FINANCIAL GROUP IN 14.3%

Value ($000) $47,650 Shares 1,179,152 Est. Cost $23.03 Unrealized +44.2%

WPM WHEATON PRECIOUS METALS CORP 11.9%

Value ($000) $39,366 Shares 797,854 Est. Cost $34.51 Unrealized +28.9%

SPB SPECTRUM BRANDS HOLDINGS INC 11.5%

Value ($000) $38,315 Shares 480,314 Est. Cost $61.55 Unrealized +22.4%

TDW TIDEWATER INC 11.5%

Value ($000) $38,071 Shares 527,964 Est. Cost $18.20 Unrealized +255.8%

— DESPEGAR.COM CORP 10.7%

Value ($000) $35,461 Shares 3,748,523 Est. Cost $8.64 Unrealized —

CCJ CAMECO CORP 10.5%

Value ($000) $34,832 Shares 807,413 Est. Cost $15.25 Unrealized +173.0%

NTR NUTRIEN LTD 9.0%

Value ($000) $29,754 Shares 528,205 Est. Cost $53.61 Unrealized -2.1%

ARCO ARCOS DORADOS HOLDINGS INC-A 8.6%

Value ($000) $28,468 Shares 2,243,376 Est. Cost $6.07 Unrealized +65.7%

EFXT ENERFLEX LTD 5.7%

Value ($000) $18,808 Shares 4,063,281 Est. Cost $5.14 Unrealized -17.2%

BN BROOKFIELD CORP 2.2%

Value ($000) $7,445 Shares 185,560 Est. Cost $21.90 Unrealized +2.2%

GGAL GRUPO FINANCIERO GALICIA-ADR 1.0%

Value ($000) $3,213 Shares 186,077 Est. Cost $14.41 Unrealized —

TECK TECK RESOURCES LTD-CLS B 0.8%

Value ($000) $2,596 Shares 61,412 Est. Cost $42.34 Unrealized -9.3%

CSW CSW INDUSTRIALS INC 0.8%

Value ($000) $2,536 Shares 12,228 Est. Cost $49.12 Unrealized +266.3%

CSWC CAPITAL SOUTHWEST CORP 0.7%

Value ($000) $2,269 Shares 95,730 Est. Cost $8.64 Unrealized +98.8%

BAM BROOKFIELD ASSET MGMT-A 0.6%

Value ($000) $1,896 Shares 47,197 Est. Cost $27.10 Unrealized +16.1%

CPA COPA HOLDINGS SA-CLASS A 0.4%

Value ($000) $1,478 Shares 13,902 Est. Cost $58.92 Unrealized +36.0%

— BROOKFIELD REINSURANCE LTD 0.0%

Value ($000) $39 Shares 971 Est. Cost $31.29 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINANCIAL GROUP IN	1,179,152	$47,650	14.3%	$23.03	+44.2%	Com	47233W109
WPM	WHEATON PRECIOUS METALS CORP	797,854	$39,366	11.9%	$34.51	+28.9%	Com	962879102
SPB	SPECTRUM BRANDS HOLDINGS INC	480,314	$38,315	11.5%	$61.55	+22.4%	Com	84790A105
TDW	TIDEWATER INC	527,964	$38,071	11.5%	$18.20	+255.8%	Com	88642R109
—	DESPEGAR.COM CORP	3,748,523	$35,461	10.7%	$8.64	—	Com	G27358103
CCJ	CAMECO CORP	807,413	$34,832	10.5%	$15.25	+173.0%	Com	13321L108
NTR	NUTRIEN LTD	528,205	$29,754	9.0%	$53.61	-2.1%	Com	67077M108
ARCO	ARCOS DORADOS HOLDINGS INC-A	2,243,376	$28,468	8.6%	$6.07	+65.7%	Com	G0457F107
EFXT	ENERFLEX LTD	4,063,281	$18,808	5.7%	$5.14	-17.2%	Com	29269R105
BN	BROOKFIELD CORP	185,560	$7,445	2.2%	$21.90	+2.2%	Com	11271J107
GGAL	GRUPO FINANCIERO GALICIA-ADR	186,077	$3,213	1.0%	$14.41	—	Com	399909100
TECK	TECK RESOURCES LTD-CLS B	61,412	$2,596	0.8%	$42.34	-9.3%	Com	878742204
CSW	CSW INDUSTRIALS INC	12,228	$2,536	0.8%	$49.12	+266.3%	Com	126402106
CSWC	CAPITAL SOUTHWEST CORP	95,730	$2,269	0.7%	$8.64	+98.8%	Com	140501107
BAM	BROOKFIELD ASSET MGMT-A	47,197	$1,896	0.6%	$27.10	+16.1%	Com	113004105
CPA	COPA HOLDINGS SA-CLASS A	13,902	$1,478	0.4%	$58.92	+36.0%	Com	P31076105
—	BROOKFIELD REINSURANCE LTD	971	$39	0.0%	$31.29	—	Com	G16250105