Moerus Capital Management LLC
CIK 0001742647
Annualised vol
7.073728%
Beta
0.195523
HHI
1354.688635
Top-10 weight
97.648719%
VaR 95%
0.666635%
VaR 99%
1.26987%
Max drawdown
12.409771%
Matched value
57.923449%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| JEF | ADDED | 910,370 | 777,068 | 17.15% | 45,500,293 |
| ARCO | ADDED | 4,275,279 | 4,263,589 | 0.27% | 34,458,749 |
| WPM | REDUCED | 202,628 | 234,645 | -13.64% | 22,759,177 |
| GFR | REDUCED | 2,232,277 | 2,335,804 | -4.43% | 12,611,201 |
| DOUG | ADDED | 3,241,090 | 3,092,490 | 4.81% | 5,736,729 |
| TDW | REDUCED | 82,251 | 107,992 | -23.84% | 5,480,384 |
| CSW | UNCHANGED | 6,847 | 6,847 | 0.0% | 1,905,520 |
| CSWC | UNCHANGED | 61,698 | 61,698 | 0.0% | 1,466,561 |
| BNT | UNCHANGED | 1,187 | 1,187 | 0.0% | 50,637 |
| NTR | CLOSED OUT | 0 | 599,236 | -100.0% | 0 |
| VAL | CLOSED OUT | 0 | 463,985 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| JEF | ADDED | JEFFERIES FINANCIAL GROUP ORD | Com | 47233W109 | 45,500,293 | 20.28 | 910370.0 |
| - | CNH INDUSTRIAL ORD | Com | N20944109 | 41,614,899 | 18.55 | 3705690.0 | |
| ARCO | ADDED | ARCOS DORADOS HOLDINGS CL A ORD | Com | G0457F107 | 34,458,749 | 15.36 | 4275279.0 |
| - | BANCO BRADESCO ADR REPSTG 1 PRF | Com | 059460303 | 28,904,135 | 12.88 | 8329722.0 | |
| WPM | REDUCED | WHEATON PRECIOUS METALS ORD | Com | 962879102 | 22,759,177 | 10.14 | 202628.0 |
| GFR | REDUCED | GREENFIRE RESOURCES ORD | Com | 39525U107 | 12,611,201 | 5.62 | 2232277.0 |
| - | GRUPO FINANCIERO ADR REP 10 CL B ORD | Com | 399909100 | 12,331,745 | 5.5 | 246487.0 | |
| - | BROOKFIELD CL A ORD | Com | 11271J107 | 9,707,922 | 4.33 | 227939.0 | |
| DOUG | ADDED | DOUGLAS ELLIMAN ORD | Com | 25961D105 | 5,736,729 | 2.56 | 3241090.0 |
| TDW | REDUCED | TIDEWATER ORD | Com | 88642R109 | 5,480,384 | 2.44 | 82251.0 |
| CSW | UNCHANGED | CSW INDUSTRIALS ORD | Com | 126402106 | 1,905,520 | 0.85 | 6847.0 |
| - | BROOKFIELD ASSET MNGMT CL A ORD | Com | 113004105 | 1,853,112 | 0.83 | 41318.0 | |
| CSWC | UNCHANGED | CAPITAL SOUTHWEST ORD | Com | 140501107 | 1,466,561 | 0.65 | 61698.0 |
| BNT | UNCHANGED | BROOKFIELD WEALTH SOLUTIONS CL A ORD | Com | G17434104 | 50,637 | 0.02 | 1187.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | 224,381,064 | 14 | 7.073728 | 0.195523 | 12.409771 |
| 2026-03-31 | 2026-05-14 | 270,751,770 | 15 | 7.727007 | 0.157545 | 16.560702 |
| 2025-12-31 | 2026-02-12 | 231,900,528 | 16 | 8.355657 | 0.193545 | 12.245301 |
| 2025-09-30 | 2025-11-13 | 246,031,090 | 13 | 8.680388 | 0.208772 | 11.093694 |
| 2025-03-31 | 2025-05-13 | 223,555,370 | 15 | 8.403651 | 0.173685 | 11.205495 |
| 2024-12-31 | 2025-02-13 | 273,995,655 | 16 | 9.964345 | 0.233592 | 11.455168 |