Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 11, 2025

Total Value ($000): $234,348 (100.0% shares, 0.0% debt)

Holdings (14)

WPM WHEATON PRECIOUS METALS ORD 18.7%

Value ($000) $43,836 Shares 488,154 Est. Cost $35.64 Unrealized +135.9%

JEF JEFFERIES FINANCIAL GROUP ORD 15.5%

Value ($000) $36,416 Shares 665,854 Est. Cost $26.51 Unrealized +82.1%

NTR NUTRIEN ORD 14.1%

Value ($000) $32,961 Shares 565,956 Est. Cost $52.34 Unrealized +7.0%

BBD BANCO BRADESCO ADR REPSTG 1 PRF 13.5%

Value ($000) $31,713 Shares 10,263,176 Est. Cost $2.23 Unrealized —

VAL VALARIS ORD 12.7%

Value ($000) $29,801 Shares 707,701 Est. Cost $41.08 Unrealized -8.4%

ARCO ARCOS DORADOS HOLDINGS CL A ORD 11.2%

Value ($000) $26,254 Shares 3,327,551 Est. Cost $6.85 Unrealized +7.7%

BN BROOKFIELD CL A ORD 4.1%

Value ($000) $9,720 Shares 157,151 Est. Cost $21.90 Unrealized +68.5%

DOUG DOUGLAS ELLIMAN ORD 3.1%

Value ($000) $7,308 Shares 3,150,025 Est. Cost $1.73 Unrealized +23.7%

TECK TECK RESOURCES CL B ORD 2.3%

Value ($000) $5,413 Shares 134,062 Est. Cost $41.74 Unrealized -13.5%

TDW TIDEWATER ORD 2.0%

Value ($000) $4,716 Shares 102,229 Est. Cost $49.72 Unrealized -18.5%

BAM BROOKFIELD ASSET MNGMT CL A ORD 1.0%

Value ($000) $2,287 Shares 41,366 Est. Cost $27.10 Unrealized +94.0%

CSW CSW INDUSTRIALS ORD 1.0%

Value ($000) $2,232 Shares 7,780 Est. Cost $49.12 Unrealized +513.0%

CSWC CAPITAL SOUTHWEST ORD 0.7%

Value ($000) $1,631 Shares 73,983 Est. Cost $8.64 Unrealized +115.6%

BNT BROOKFIELD WEALTH SOLUTIONS CL A ORD 0.0%

Value ($000) $60 Shares 971 Est. Cost $31.31 Unrealized +18.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WPM	WHEATON PRECIOUS METALS ORD	488,154	$43,836	18.7%	$35.64	+135.9%	Com	962879102
JEF	JEFFERIES FINANCIAL GROUP ORD	665,854	$36,416	15.5%	$26.51	+82.1%	Com	47233W109
NTR	NUTRIEN ORD	565,956	$32,961	14.1%	$52.34	+7.0%	Com	67077M108
BBD	BANCO BRADESCO ADR REPSTG 1 PRF	10,263,176	$31,713	13.5%	$2.23	—	Com	059460303
VAL	VALARIS ORD	707,701	$29,801	12.7%	$41.08	-8.4%	Com	G9460G101
ARCO	ARCOS DORADOS HOLDINGS CL A ORD	3,327,551	$26,254	11.2%	$6.85	+7.7%	Com	G0457F107
BN	BROOKFIELD CL A ORD	157,151	$9,720	4.1%	$21.90	+68.5%	Com	11271J107
DOUG	DOUGLAS ELLIMAN ORD	3,150,025	$7,308	3.1%	$1.73	+23.7%	Com	25961D105
TECK	TECK RESOURCES CL B ORD	134,062	$5,413	2.3%	$41.74	-13.5%	Com	878742204
TDW	TIDEWATER ORD	102,229	$4,716	2.0%	$49.72	-18.5%	Com	88642R109
BAM	BROOKFIELD ASSET MNGMT CL A ORD	41,366	$2,287	1.0%	$27.10	+94.0%	Com	113004105
CSW	CSW INDUSTRIALS ORD	7,780	$2,232	1.0%	$49.12	+513.0%	Com	126402106
CSWC	CAPITAL SOUTHWEST ORD	73,983	$1,631	0.7%	$8.64	+115.6%	Com	140501107
BNT	BROOKFIELD WEALTH SOLUTIONS CL A ORD	971	$60	0.0%	$31.31	+18.0%	Com	G17434104