Moerus Capital Management LLC Concentrated Active

Location: New York, NY

CIK: 0001742647 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 12, 2026

Total Value: $232M (100.0% shares, 0.0% debt)

Holdings (16)

JEF JEFFERIES FINANCIAL GROUP ORD 16.3%

Value $37.78M Shares 609,721 Est. Cost $27.19 Unrealized +108.5%

WPM WHEATON PRECIOUS METALS ORD 15.6%

Value $36.18M Shares 307,902 Est. Cost $35.64 Unrealized +200.5%

NTR NUTRIEN ORD 13.8%

Value $32.08M Shares 519,789 Est. Cost $52.64 Unrealized +11.8%

VAL VALARIS ORD 13.2%

Value $30.64M Shares 607,897 Est. Cost $41.08 Unrealized +30.7%

BBD BANCO BRADESCO ADR REPSTG 1 PRF 11.9%

Value $27.65M Shares 8,303,820 Est. Cost $2.23 Unrealized —

ARCO ARCOS DORADOS HOLDINGS CL A ORD 11.3%

Value $26.11M Shares 3,556,906 Est. Cost $6.87 Unrealized +4.0%

BN BROOKFIELD CL A ORD 4.5%

Value $10.46M Shares 227,939 Est. Cost $29.25 Unrealized +55.7%

GFR GREENFIRE RESOURCES ORD 3.5%

Value $8.082M Shares 1,693,492 Est. Cost $4.75 Unrealized 0.0%

DOUG DOUGLAS ELLIMAN ORD 3.0%

Value $6.935M Shares 2,925,990 Est. Cost $1.73 Unrealized +49.0%

TDW TIDEWATER ORD 2.2%

Value $5.164M Shares 102,229 Est. Cost $49.72 Unrealized +6.2%

NFGC NEW FOUND GOLD ORD 2.2%

Value $5.007M Shares 1,692,643 Est. Cost $2.45 Unrealized 0.0%

BAM BROOKFIELD ASSET MNGMT CL A ORD 0.9%

Value $2.165M Shares 41,318 Est. Cost $27.10 Unrealized +97.3%

CSW CSW INDUSTRIALS ORD 0.9%

Value $2.01M Shares 6,847 Est. Cost $49.12 Unrealized +442.1%

CSWC CAPITAL SOUTHWEST ORD 0.6%

Value $1.367M Shares 61,698 Est. Cost $8.64 Unrealized +136.5%

CVE CENOVUS ENERGY ORD 0.1%

Value $209K Shares 12,377 Est. Cost $17.37 Unrealized 0.0%

BNT BROOKFIELD WEALTH SOLUTIONS CL A ORD 0.0%

Value $54,543 Shares 1,187 Est. Cost $33.91 Unrealized +34.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINANCIAL GROUP ORD	609,721	$37.78M	16.3%	$27.19	+108.5%	Com	47233W109
WPM	WHEATON PRECIOUS METALS ORD	307,902	$36.18M	15.6%	$35.64	+200.5%	Com	962879102
NTR	NUTRIEN ORD	519,789	$32.08M	13.8%	$52.64	+11.8%	Com	67077M108
VAL	VALARIS ORD	607,897	$30.64M	13.2%	$41.08	+30.7%	Com	G9460G101
BBD	BANCO BRADESCO ADR REPSTG 1 PRF	8,303,820	$27.65M	11.9%	$2.23	—	Com	059460303
ARCO	ARCOS DORADOS HOLDINGS CL A ORD	3,556,906	$26.11M	11.3%	$6.87	+4.0%	Com	G0457F107
BN	BROOKFIELD CL A ORD	227,939	$10.46M	4.5%	$29.25	+55.7%	Com	11271J107
GFR	GREENFIRE RESOURCES ORD	1,693,492	$8.082M	3.5%	$4.75	0.0%	Com	39525U107
DOUG	DOUGLAS ELLIMAN ORD	2,925,990	$6.935M	3.0%	$1.73	+49.0%	Com	25961D105
TDW	TIDEWATER ORD	102,229	$5.164M	2.2%	$49.72	+6.2%	Com	88642R109
NFGC	NEW FOUND GOLD ORD	1,692,643	$5.007M	2.2%	$2.45	0.0%	Com	64440N103
BAM	BROOKFIELD ASSET MNGMT CL A ORD	41,318	$2.165M	0.9%	$27.10	+97.3%	Com	113004105
CSW	CSW INDUSTRIALS ORD	6,847	$2.01M	0.9%	$49.12	+442.1%	Com	126402106
CSWC	CAPITAL SOUTHWEST ORD	61,698	$1.367M	0.6%	$8.64	+136.5%	Com	140501107
CVE	CENOVUS ENERGY ORD	12,377	$209K	0.1%	$17.37	0.0%	Com	15135U109
BNT	BROOKFIELD WEALTH SOLUTIONS CL A ORD	1,187	$54,543	0.0%	$33.91	+34.4%	Com	G17434104