Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 15, 2024

Total Value ($000): $318,993 (100.0% shares, 0.0% debt)

Holdings (19)

JEF JEFFERIES FINANCIAL GROUP ORD 14.7%

Value ($000) $46,880 Shares 1,063,029 Est. Cost $23.03 Unrealized +71.1%

WPM WHEATON PRECIOUS METALS ORD 12.4%

Value ($000) $39,419 Shares 836,390 Est. Cost $34.97 Unrealized +27.3%

TDW TIDEWATER ORD 11.1%

Value ($000) $35,446 Shares 385,280 Est. Cost $18.20 Unrealized +309.9%

— DESPEGAR COM ORD 10.5%

Value ($000) $33,534 Shares 2,803,884 Est. Cost $8.64 Unrealized —

NTR NUTRIEN ORD 9.6%

Value ($000) $30,473 Shares 561,091 Est. Cost $53.34 Unrealized -8.3%

SPB SPECTRUM BRANDS HOLDINGS ORD 9.4%

Value ($000) $29,863 Shares 335,500 Est. Cost $61.55 Unrealized +32.6%

CCJ CAMECO ORD 8.9%

Value ($000) $28,306 Shares 653,584 Est. Cost $15.25 Unrealized +186.3%

EFXT ENERFLEX ORD 8.2%

Value ($000) $26,275 Shares 4,514,762 Est. Cost $5.16 Unrealized +1.8%

ARCO ARCOS DORADOS HOLDINGS CL A ORD 7.1%

Value ($000) $22,793 Shares 2,049,706 Est. Cost $6.07 Unrealized +84.4%

BN BROOKFIELD CL A ORD 2.4%

Value ($000) $7,769 Shares 185,560 Est. Cost $21.90 Unrealized +21.6%

GGAL GRUPO FINANCIERO ADR REP 10 CL B ORD 1.2%

Value ($000) $3,800 Shares 149,482 Est. Cost $14.41 Unrealized —

TECK TECK RESOURCES CL B ORD 0.9%

Value ($000) $2,811 Shares 61,412 Est. Cost $42.34 Unrealized -5.2%

CSW CSW INDUSTRIALS ORD 0.8%

Value ($000) $2,625 Shares 11,188 Est. Cost $49.12 Unrealized +350.5%

DOUG DOUGLAS ELLIMAN ORD 0.7%

Value ($000) $2,092 Shares 1,324,329 Est. Cost $2.05 Unrealized 0.0%

CSWC CAPITAL SOUTHWEST ORD 0.6%

Value ($000) $2,049 Shares 82,097 Est. Cost $8.64 Unrealized +123.2%

BAM BROOKFIELD ASSET MNGMT CL A ORD 0.6%

Value ($000) $1,983 Shares 47,197 Est. Cost $27.10 Unrealized +40.1%

CPA COPA HOLDINGS CL A ORD 0.5%

Value ($000) $1,448 Shares 13,902 Est. Cost $58.92 Unrealized +49.5%

BMA BANCO MACRO ADR REP TEN CL B ORD 0.4%

Value ($000) $1,386 Shares 28,759 Est. Cost $48.18 Unrealized —

— BROOKFIELD REINSRNC EX VOTN CL A ORD 0.0%

Value ($000) $41 Shares 971 Est. Cost $31.29 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINANCIAL GROUP ORD	1,063,029	$46,880	14.7%	$23.03	+71.1%	Com	47233W109
WPM	WHEATON PRECIOUS METALS ORD	836,390	$39,419	12.4%	$34.97	+27.3%	Com	962879102
TDW	TIDEWATER ORD	385,280	$35,446	11.1%	$18.20	+309.9%	Com	88642R109
—	DESPEGAR COM ORD	2,803,884	$33,534	10.5%	$8.64	—	Com	G27358103
NTR	NUTRIEN ORD	561,091	$30,473	9.6%	$53.34	-8.3%	Com	67077M108
SPB	SPECTRUM BRANDS HOLDINGS ORD	335,500	$29,863	9.4%	$61.55	+32.6%	Com	84790A105
CCJ	CAMECO ORD	653,584	$28,306	8.9%	$15.25	+186.3%	Com	13321L108
EFXT	ENERFLEX ORD	4,514,762	$26,275	8.2%	$5.16	+1.8%	Com	29269R105
ARCO	ARCOS DORADOS HOLDINGS CL A ORD	2,049,706	$22,793	7.1%	$6.07	+84.4%	Com	G0457F107
BN	BROOKFIELD CL A ORD	185,560	$7,769	2.4%	$21.90	+21.6%	Com	11271J107
GGAL	GRUPO FINANCIERO ADR REP 10 CL B ORD	149,482	$3,800	1.2%	$14.41	—	Com	399909100
TECK	TECK RESOURCES CL B ORD	61,412	$2,811	0.9%	$42.34	-5.2%	Com	878742204
CSW	CSW INDUSTRIALS ORD	11,188	$2,625	0.8%	$49.12	+350.5%	Com	126402106
DOUG	DOUGLAS ELLIMAN ORD	1,324,329	$2,092	0.7%	$2.05	0.0%	Com	25961D105
CSWC	CAPITAL SOUTHWEST ORD	82,097	$2,049	0.6%	$8.64	+123.2%	Com	140501107
BAM	BROOKFIELD ASSET MNGMT CL A ORD	47,197	$1,983	0.6%	$27.10	+40.1%	Com	113004105
CPA	COPA HOLDINGS CL A ORD	13,902	$1,448	0.5%	$58.92	+49.5%	Com	P31076105
BMA	BANCO MACRO ADR REP TEN CL B ORD	28,759	$1,386	0.4%	$48.18	—	Com	05961W105
—	BROOKFIELD REINSRNC EX VOTN CL A ORD	971	$41	0.0%	$31.29	—	Com	G16250105