Moerus Capital Management LLC Concentrated Active

Location: New York, NY

CIK: 0001742647 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

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

Holdings (17)

JEF JEFFERIES FINANCIAL GROUP IN 14.3%

Value $47.65M Shares 1,179,152 Est. Cost $23.03 Unrealized +44.2%

WPM WHEATON PRECIOUS METALS CORP 11.9%

Value $39.37M Shares 797,854 Est. Cost $34.51 Unrealized +28.9%

SPB SPECTRUM BRANDS HOLDINGS INC 11.5%

Value $38.31M Shares 480,314 Est. Cost $61.55 Unrealized +22.4%

TDW TIDEWATER INC 11.5%

Value $38.07M Shares 527,964 Est. Cost $18.20 Unrealized +255.8%

— DESPEGAR.COM CORP 10.7%

Value $35.46M Shares 3,748,523 Est. Cost $8.64 Unrealized —

CCJ CAMECO CORP 10.5%

Value $34.83M Shares 807,413 Est. Cost $15.25 Unrealized +173.0%

NTR NUTRIEN LTD 9.0%

Value $29.75M Shares 528,205 Est. Cost $53.61 Unrealized -2.1%

ARCO ARCOS DORADOS HOLDINGS INC-A 8.6%

Value $28.47M Shares 2,243,376 Est. Cost $6.07 Unrealized +65.7%

EFXT ENERFLEX LTD 5.7%

Value $18.81M Shares 4,063,281 Est. Cost $5.14 Unrealized -17.2%

BN BROOKFIELD CORP 2.2%

Value $7.445M Shares 185,560 Est. Cost $21.90 Unrealized +2.2%

GGAL GRUPO FINANCIERO GALICIA-ADR 1.0%

Value $3.213M Shares 186,077 Est. Cost $14.41 Unrealized —

TECK TECK RESOURCES LTD-CLS B 0.8%

Value $2.596M Shares 61,412 Est. Cost $42.34 Unrealized -9.3%

CSW CSW INDUSTRIALS INC 0.8%

Value $2.536M Shares 12,228 Est. Cost $49.12 Unrealized +266.3%

CSWC CAPITAL SOUTHWEST CORP 0.7%

Value $2.269M Shares 95,730 Est. Cost $8.64 Unrealized +98.8%

BAM BROOKFIELD ASSET MGMT-A 0.6%

Value $1.896M Shares 47,197 Est. Cost $27.10 Unrealized +16.1%

CPA COPA HOLDINGS SA-CLASS A 0.4%

Value $1.478M Shares 13,902 Est. Cost $58.92 Unrealized +36.0%

— BROOKFIELD REINSURANCE LTD 0.0%

Value $39,199 Shares 971 Est. Cost $31.29 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINANCIAL GROUP IN	1,179,152	$47.65M	14.3%	$23.03	+44.2%	Com	47233W109
WPM	WHEATON PRECIOUS METALS CORP	797,854	$39.37M	11.9%	$34.51	+28.9%	Com	962879102
SPB	SPECTRUM BRANDS HOLDINGS INC	480,314	$38.31M	11.5%	$61.55	+22.4%	Com	84790A105
TDW	TIDEWATER INC	527,964	$38.07M	11.5%	$18.20	+255.8%	Com	88642R109
—	DESPEGAR.COM CORP	3,748,523	$35.46M	10.7%	$8.64	—	Com	G27358103
CCJ	CAMECO CORP	807,413	$34.83M	10.5%	$15.25	+173.0%	Com	13321L108
NTR	NUTRIEN LTD	528,205	$29.75M	9.0%	$53.61	-2.1%	Com	67077M108
ARCO	ARCOS DORADOS HOLDINGS INC-A	2,243,376	$28.47M	8.6%	$6.07	+65.7%	Com	G0457F107
EFXT	ENERFLEX LTD	4,063,281	$18.81M	5.7%	$5.14	-17.2%	Com	29269R105
BN	BROOKFIELD CORP	185,560	$7.445M	2.2%	$21.90	+2.2%	Com	11271J107
GGAL	GRUPO FINANCIERO GALICIA-ADR	186,077	$3.213M	1.0%	$14.41	—	Com	399909100
TECK	TECK RESOURCES LTD-CLS B	61,412	$2.596M	0.8%	$42.34	-9.3%	Com	878742204
CSW	CSW INDUSTRIALS INC	12,228	$2.536M	0.8%	$49.12	+266.3%	Com	126402106
CSWC	CAPITAL SOUTHWEST CORP	95,730	$2.269M	0.7%	$8.64	+98.8%	Com	140501107
BAM	BROOKFIELD ASSET MGMT-A	47,197	$1.896M	0.6%	$27.10	+16.1%	Com	113004105
CPA	COPA HOLDINGS SA-CLASS A	13,902	$1.478M	0.4%	$58.92	+36.0%	Com	P31076105
—	BROOKFIELD REINSURANCE LTD	971	$39,199	0.0%	$31.29	—	Com	G16250105