Q1 2025 · 13F-HR
Moerus Capital Management LLCholdings as filed
Filed 2025-05-13 · accession 0001398344-25-009252
$223.6M
Reported value
15
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 962879102 | WPM | WHEATON PRECIOUS METALS ORD | $55.1M | 24.6% | 709,192 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN ORD | $32.7M | 14.6% | 658,953 | Common | SOLE |
| 47233W109 | JEF | JEFFERIES FINANCIAL GROUP ORD | $30.8M | 13.8% | 574,253 | Common | SOLE |
| G0457F107 | ARCO | ARCOS DORADOS HOLDINGS CL A ORD | $28.6M | 12.8% | 3,552,013 | Common | SOLE |
| 059460303 | BBD | BANCO BRADESCO ADR REPSTG 1 PRF | $27.4M | 12.2% | 12,274,580 | Common | SOLE |
| G9460G101 | VAL | VALARIS ORD | $18.3M | 8.19% | 466,479 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CL A ORD | $8.2M | 3.68% | 157,151 | Common | SOLE |
| 25961D105 | DOUG | DOUGLAS ELLIMAN ORD | $5.1M | 2.27% | 2,949,388 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER ORD | $4.3M | 1.93% | 102,229 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES CL B ORD | $4.2M | 1.88% | 115,062 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS CL A ORD | $2.9M | 1.30% | 31,321 | Common | SOLE |
| 126402106 | CSW | CSW INDUSTRIALS ORD | $2.3M | 1.01% | 7,780 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MNGMT CL A ORD | $2.0M | 0.90% | 41,366 | Common | SOLE |
| 140501107 | CSWC | CAPITAL SOUTHWEST ORD | $1.7M | 0.74% | 73,983 | Common | SOLE |
| G17434104 | BNT | BROOKFIELD WEALTH SOLUTIONS CL A ORD | $50,752 | 0.02% | 971 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.