Institutional
Moerus Capital Management LLC
CIK 0001742647
$270.8M
Reported AUM
15
Positions
Q1 2026
Period
2026-05-14
Filed
The Brief · Moerus Capital Management LLC · Q1 2026
AI · grounded in 13F
Moerus Capital Management LLC established a new position in GGAL valued at $8.18M. The fund closed its position in NFGC, resulting in a negative delta of $5.01M, and exited CVE. Additionally, the fund increased its holdings in GFR by 37.93% and ARCO by 19.87%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | VAL | VALARIS ORD | $75.58 | 1.89% | 64.13% | 150.32% | $45.5M | 16.80% | — | HELD |
| 2 | NTR | NUTRIEN ORD | $70.72 | 0.18% | 20.87% | 33.39% | $45.2M | 16.70% | — | HELD |
| 3 | ARCO | ARCOS DORADOS HOLDINGS CL A ORD | $8.19 | -1.09% | 31.77% | 71.52% | $35.2M | 12.99% | — | HELD |
| 4 | JEF | JEFFERIES FINANCIAL GROUP ORD | $55.09 | -0.02% | 1.44% | 79.99% | $32.1M | 11.84% | — | HELD |
| 5 | WPM | WHEATON PRECIOUS METALS ORD | $113.38 | 3.58% | 22.88% | 163.37% | $30.7M | 11.35% | — | HELD |
| 6 | BBD | BANCO BRADESCO ADR REPSTG 1 PRF | $3.59 | 1.41% | 31.98% | 9.18% | $30.7M | 11.33% | — | HELD |
| 7 | GFR | GREENFIRE RESOURCES ORD | $6.33 | 0.96% | 36.98% | -37.09% | $14.8M | 5.48% | — | HELD |
| 8 | BN | BROOKFIELD CL A ORD | $42.03 | 0.82% | -2.92% | 46.28% | $9.2M | 3.41% | — | HELD |
| 9 | TDW | TIDEWATER ORD | $73.48 | 0.60% | 54.56% | 538.78% | $9.0M | 3.33% | — | HELD |
| 10 | GGAL | GRUPO FINANCIERO ADR REP 10 CL B ORD | $51.61 | 5.01% | 10.36% | 521.06% | $8.2M | 3.02% | — | HELD |
| 11 | DOUG | DOUGLAS ELLIMAN ORD | $1.71 | -0.58% | -19.34% | -75.52% | $5.1M | 1.87% | — | HELD |
| 12 | BAM | BROOKFIELD ASSET MNGMT CL A ORD | $47.96 | 1.29% | -17.90% | 87.24% | $1.8M | 0.68% | — | HELD |
| 13 | CSW | CSW INDUSTRIALS ORD | $313.40 | 14.96% | 28.26% | 140.93% | $1.8M | 0.66% | — | HELD |
| 14 | CSWC | CAPITAL SOUTHWEST ORD | $23.59 | -0.08% | 17.60% | 59.78% | $1.4M | 0.50% | — | HELD |
| 15 | BNT | BROOKFIELD WEALTH SOLUTIONS CL A ORD | $42.75 | -0.07% | -1.40% | 9.15% | $49K | 0.02% | — | HELD |
Source: SEC EDGAR · accession 0001398344-26-009117. 13F discloses long positions only — shorts, foreign equities, and options are excluded.