Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 13, 2025

Total Value ($000): $223,555 (100.0% shares, 0.0% debt)

Holdings (15)

WPM WHEATON PRECIOUS METALS ORD 24.6%

Value ($000) $55,055 Shares 709,192 Est. Cost $35.64 Unrealized +86.5%

NTR NUTRIEN ORD 14.6%

Value ($000) $32,730 Shares 658,953 Est. Cost $52.34 Unrealized -4.2%

JEF JEFFERIES FINANCIAL GROUP ORD 13.8%

Value ($000) $30,763 Shares 574,253 Est. Cost $23.03 Unrealized +185.4%

ARCO ARCOS DORADOS HOLDINGS CL A ORD 12.8%

Value ($000) $28,629 Shares 3,552,013 Est. Cost $6.85 Unrealized +11.4%

BBD BANCO BRADESCO ADR REPSTG 1 PRF 12.2%

Value ($000) $27,372 Shares 12,274,580 Est. Cost $2.23 Unrealized —

VAL VALARIS ORD 8.2%

Value ($000) $18,314 Shares 466,479 Est. Cost $42.87 Unrealized 0.0%

BN BROOKFIELD CL A ORD 3.7%

Value ($000) $8,236 Shares 157,151 Est. Cost $21.90 Unrealized +71.6%

DOUG DOUGLAS ELLIMAN ORD 2.3%

Value ($000) $5,073 Shares 2,949,388 Est. Cost $1.70 Unrealized +6.5%

TDW TIDEWATER ORD 1.9%

Value ($000) $4,321 Shares 102,229 Est. Cost $49.72 Unrealized 0.0%

TECK TECK RESOURCES CL B ORD 1.9%

Value ($000) $4,192 Shares 115,062 Est. Cost $42.67 Unrealized -2.8%

CPA COPA HOLDINGS CL A ORD 1.3%

Value ($000) $2,896 Shares 31,321 Est. Cost $75.28 Unrealized +17.0%

CSW CSW INDUSTRIALS ORD 1.0%

Value ($000) $2,268 Shares 7,780 Est. Cost $49.12 Unrealized +558.0%

BAM BROOKFIELD ASSET MNGMT CL A ORD 0.9%

Value ($000) $2,004 Shares 41,366 Est. Cost $27.10 Unrealized +95.5%

CSWC CAPITAL SOUTHWEST ORD 0.7%

Value ($000) $1,651 Shares 73,983 Est. Cost $8.64 Unrealized +129.6%

BNT BROOKFIELD WEALTH SOLUTIONS CL A ORD 0.0%

Value ($000) $51 Shares 971 Est. Cost $31.31 Unrealized +20.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WPM	WHEATON PRECIOUS METALS ORD	709,192	$55,055	24.6%	$35.64	+86.5%	Com	962879102
NTR	NUTRIEN ORD	658,953	$32,730	14.6%	$52.34	-4.2%	Com	67077M108
JEF	JEFFERIES FINANCIAL GROUP ORD	574,253	$30,763	13.8%	$23.03	+185.4%	Com	47233W109
ARCO	ARCOS DORADOS HOLDINGS CL A ORD	3,552,013	$28,629	12.8%	$6.85	+11.4%	Com	G0457F107
BBD	BANCO BRADESCO ADR REPSTG 1 PRF	12,274,580	$27,372	12.2%	$2.23	—	Com	059460303
VAL	VALARIS ORD	466,479	$18,314	8.2%	$42.87	0.0%	Com	G9460G101
BN	BROOKFIELD CL A ORD	157,151	$8,236	3.7%	$21.90	+71.6%	Com	11271J107
DOUG	DOUGLAS ELLIMAN ORD	2,949,388	$5,073	2.3%	$1.70	+6.5%	Com	25961D105
TDW	TIDEWATER ORD	102,229	$4,321	1.9%	$49.72	0.0%	Com	88642R109
TECK	TECK RESOURCES CL B ORD	115,062	$4,192	1.9%	$42.67	-2.8%	Com	878742204
CPA	COPA HOLDINGS CL A ORD	31,321	$2,896	1.3%	$75.28	+17.0%	Com	P31076105
CSW	CSW INDUSTRIALS ORD	7,780	$2,268	1.0%	$49.12	+558.0%	Com	126402106
BAM	BROOKFIELD ASSET MNGMT CL A ORD	41,366	$2,004	0.9%	$27.10	+95.5%	Com	113004105
CSWC	CAPITAL SOUTHWEST ORD	73,983	$1,651	0.7%	$8.64	+129.6%	Com	140501107
BNT	BROOKFIELD WEALTH SOLUTIONS CL A ORD	971	$51	0.0%	$31.31	+20.1%	Com	G17434104