Moerus Capital Management LLC Concentrated Active

Location: New York, NY

CIK: 0001742647 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 14, 2026

Total Value: $271M (100.0% shares, 0.0% debt)

Holdings (15)

VAL VALARIS ORD 16.8%

Value $45.49M Shares 463,985 Est. Cost $41.08 Unrealized +64.7%

NTR NUTRIEN ORD 16.7%

Value $45.22M Shares 599,236 Est. Cost $54.69 Unrealized +24.5%

ARCO ARCOS DORADOS HOLDINGS CL A ORD 13.0%

Value $35.17M Shares 4,263,589 Est. Cost $7.08 Unrealized +14.8%

JEF JEFFERIES FINANCIAL GROUP ORD 11.8%

Value $32.07M Shares 777,068 Est. Cost $34.00 Unrealized +73.0%

WPM WHEATON PRECIOUS METALS ORD 11.4%

Value $30.74M Shares 234,645 Est. Cost $35.64 Unrealized +292.4%

BBD BANCO BRADESCO ADR REPSTG 1 PRF 11.3%

Value $30.69M Shares 8,407,720 Est. Cost $2.25 Unrealized —

GFR GREENFIRE RESOURCES ORD 5.5%

Value $14.84M Shares 2,335,804 Est. Cost $4.93 Unrealized +9.4%

BN BROOKFIELD CL A ORD 3.4%

Value $9.225M Shares 227,939 Est. Cost $29.25 Unrealized +59.6%

TDW TIDEWATER ORD 3.3%

Value $9.023M Shares 107,992 Est. Cost $50.49 Unrealized +26.9%

GGAL GRUPO FINANCIERO ADR REP 10 CL B ORD 3.0%

Value $8.179M Shares 175,098 Est. Cost $46.71 Unrealized —

DOUG DOUGLAS ELLIMAN ORD 1.9%

Value $5.072M Shares 3,092,490 Est. Cost $1.77 Unrealized +43.5%

BAM BROOKFIELD ASSET MNGMT CL A ORD 0.7%

Value $1.837M Shares 41,318 Est. Cost $27.10 Unrealized +89.9%

CSW CSW INDUSTRIALS ORD 0.7%

Value $1.784M Shares 6,847 Est. Cost $49.12 Unrealized +521.3%

CSWC CAPITAL SOUTHWEST ORD 0.5%

Value $1.365M Shares 61,698 Est. Cost $8.64 Unrealized +164.4%

BNT BROOKFIELD WEALTH SOLUTIONS CL A ORD 0.0%

Value $49,142 Shares 1,187 Est. Cost $33.91 Unrealized +38.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VAL	VALARIS ORD	463,985	$45.49M	16.8%	$41.08	+64.7%	Com	G9460G101
NTR	NUTRIEN ORD	599,236	$45.22M	16.7%	$54.69	+24.5%	Com	67077M108
ARCO	ARCOS DORADOS HOLDINGS CL A ORD	4,263,589	$35.17M	13.0%	$7.08	+14.8%	Com	G0457F107
JEF	JEFFERIES FINANCIAL GROUP ORD	777,068	$32.07M	11.8%	$34.00	+73.0%	Com	47233W109
WPM	WHEATON PRECIOUS METALS ORD	234,645	$30.74M	11.4%	$35.64	+292.4%	Com	962879102
BBD	BANCO BRADESCO ADR REPSTG 1 PRF	8,407,720	$30.69M	11.3%	$2.25	—	Com	059460303
GFR	GREENFIRE RESOURCES ORD	2,335,804	$14.84M	5.5%	$4.93	+9.4%	Com	39525U107
BN	BROOKFIELD CL A ORD	227,939	$9.225M	3.4%	$29.25	+59.6%	Com	11271J107
TDW	TIDEWATER ORD	107,992	$9.023M	3.3%	$50.49	+26.9%	Com	88642R109
GGAL	GRUPO FINANCIERO ADR REP 10 CL B ORD	175,098	$8.179M	3.0%	$46.71	—	Com	399909100
DOUG	DOUGLAS ELLIMAN ORD	3,092,490	$5.072M	1.9%	$1.77	+43.5%	Com	25961D105
BAM	BROOKFIELD ASSET MNGMT CL A ORD	41,318	$1.837M	0.7%	$27.10	+89.9%	Com	113004105
CSW	CSW INDUSTRIALS ORD	6,847	$1.784M	0.7%	$49.12	+521.3%	Com	126402106
CSWC	CAPITAL SOUTHWEST ORD	61,698	$1.365M	0.5%	$8.64	+164.4%	Com	140501107
BNT	BROOKFIELD WEALTH SOLUTIONS CL A ORD	1,187	$49,142	0.0%	$33.91	+38.2%	Com	G17434104