Moerus Capital Management LLC Concentrated Active

CIK: 0001742647 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value ($000): $246,031 (100.0% shares, 0.0% debt)

Holdings (13)

WPM WHEATON PRECIOUS METALS ORD 18.1%

Value ($000) $44,551 Shares 398,347 Est. Cost $35.64 Unrealized +174.2%

JEF JEFFERIES FINANCIAL GROUP ORD 18.1%

Value ($000) $44,475 Shares 679,843 Est. Cost $27.19 Unrealized +120.3%

NTR NUTRIEN ORD 14.2%

Value ($000) $34,969 Shares 595,621 Est. Cost $52.64 Unrealized +10.7%

VAL VALARIS ORD 14.0%

Value ($000) $34,530 Shares 708,014 Est. Cost $41.08 Unrealized +18.7%

BBD BANCO BRADESCO ADR REPSTG 1 PRF 14.0%

Value ($000) $34,503 Shares 10,207,990 Est. Cost $2.23 Unrealized —

ARCO ARCOS DORADOS HOLDINGS CL A ORD 9.1%

Value ($000) $22,477 Shares 3,329,994 Est. Cost $6.85 Unrealized +1.9%

BN BROOKFIELD CL A ORD 4.4%

Value ($000) $10,777 Shares 157,151 Est. Cost $21.90 Unrealized +101.8%

DOUG DOUGLAS ELLIMAN ORD 3.4%

Value ($000) $8,368 Shares 2,925,990 Est. Cost $1.73 Unrealized +52.0%

TDW TIDEWATER ORD 2.2%

Value ($000) $5,452 Shares 102,229 Est. Cost $49.72 Unrealized +10.2%

BAM BROOKFIELD ASSET MNGMT CL A ORD 1.0%

Value ($000) $2,355 Shares 41,366 Est. Cost $27.10 Unrealized +116.6%

CSW CSW INDUSTRIALS ORD 0.8%

Value ($000) $1,889 Shares 7,780 Est. Cost $49.12 Unrealized +445.1%

CSWC CAPITAL SOUTHWEST ORD 0.7%

Value ($000) $1,617 Shares 73,983 Est. Cost $8.64 Unrealized +147.6%

BNT BROOKFIELD WEALTH SOLUTIONS CL A ORD 0.0%

Value ($000) $67 Shares 971 Est. Cost $31.31 Unrealized +41.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WPM	WHEATON PRECIOUS METALS ORD	398,347	$44,551	18.1%	$35.64	+174.2%	Com	962879102
JEF	JEFFERIES FINANCIAL GROUP ORD	679,843	$44,475	18.1%	$27.19	+120.3%	Com	47233W109
NTR	NUTRIEN ORD	595,621	$34,969	14.2%	$52.64	+10.7%	Com	67077M108
VAL	VALARIS ORD	708,014	$34,530	14.0%	$41.08	+18.7%	Com	G9460G101
BBD	BANCO BRADESCO ADR REPSTG 1 PRF	10,207,990	$34,503	14.0%	$2.23	—	Com	059460303
ARCO	ARCOS DORADOS HOLDINGS CL A ORD	3,329,994	$22,477	9.1%	$6.85	+1.9%	Com	G0457F107
BN	BROOKFIELD CL A ORD	157,151	$10,777	4.4%	$21.90	+101.8%	Com	11271J107
DOUG	DOUGLAS ELLIMAN ORD	2,925,990	$8,368	3.4%	$1.73	+52.0%	Com	25961D105
TDW	TIDEWATER ORD	102,229	$5,452	2.2%	$49.72	+10.2%	Com	88642R109
BAM	BROOKFIELD ASSET MNGMT CL A ORD	41,366	$2,355	1.0%	$27.10	+116.6%	Com	113004105
CSW	CSW INDUSTRIALS ORD	7,780	$1,889	0.8%	$49.12	+445.1%	Com	126402106
CSWC	CAPITAL SOUTHWEST ORD	73,983	$1,617	0.7%	$8.64	+147.6%	Com	140501107
BNT	BROOKFIELD WEALTH SOLUTIONS CL A ORD	971	$67	0.0%	$31.31	+41.3%	Com	G17434104