Moerus Capital Management LLC — 13F Holdings & Portfolio
CIK 1742647 · latest 13F-HR filed 2026-08-13
Moerus Capital Management LLC manages $224.4M in 13F-reported U.S. long-equity assets across 14 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are JEF (20.28%), CNH (18.55%), ARCO (15.36%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position, exited 2, added to 6, and trimmed 4.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 2003
NEW YORK, NY 10018
$224.4M
Long-equity book
14
Distinct positions
2026-06-30
Filed 2026-08-13
+1 / −2 / ↑6 / ↓4
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- JEFFERIES FINANCIAL GROUP ORD$13.4M +41.9%
- GRUPO FINANCIERO ADR REP 10 CL B ORD$4.2M +50.8%
- DOUGLAS ELLIMAN ORD$665.0K +13.1%
- BROOKFIELD CL A ORD$483.2K +5.2%
- CSW INDUSTRIALS ORD$121.3K +6.8%
Top Trims
- WHEATON PRECIOUS METALS ORD-$8.0M -26.0%
- TIDEWATER ORD-$3.5M -39.3%
- GREENFIRE RESOURCES ORD-$2.2M -15.0%
- BANCO BRADESCO ADR REPSTG 1 PRF-$1.8M -5.8%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | JEFFERIES FINANCIAL GROUP ORD | JEF | 47233W109 | $45.5M | 20.28% | 910,370 | SH |
| 2 | CNH INDUSTRIAL ORD | CNH | N20944109 | $41.6M | 18.55% | 3,705,690 | SH |
| 3 | ARCOS DORADOS HOLDINGS CL A ORD | ARCO | G0457F107 | $34.5M | 15.36% | 4,275,279 | SH |
| 4 | BANCO BRADESCO ADR REPSTG 1 PRF | BBD | 059460303 | $28.9M | 12.88% | 8,329,722 | SH |
| 5 | WHEATON PRECIOUS METALS ORD | WPM | 962879102 | $22.8M | 10.14% | 202,628 | SH |
| 6 | GREENFIRE RESOURCES ORD | GFR | 39525U107 | $12.6M | 5.62% | 2,232,277 | SH |
| 7 | GRUPO FINANCIERO ADR REP 10 CL B ORD | GGAL | 399909100 | $12.3M | 5.50% | 246,487 | SH |
| 8 | BROOKFIELD CL A ORD | BN | 11271J107 | $9.7M | 4.33% | 227,939 | SH |
| 9 | DOUGLAS ELLIMAN ORD | DOUG | 25961D105 | $5.7M | 2.56% | 3,241,090 | SH |
| 10 | TIDEWATER ORD | TDW | 88642R109 | $5.5M | 2.44% | 82,251 | SH |
| 11 | CSW INDUSTRIALS ORD | CSW | 126402106 | $1.9M | 0.85% | 6,847 | SH |
| 12 | BROOKFIELD ASSET MNGMT CL A ORD | BAM | 113004105 | $1.9M | 0.83% | 41,318 | SH |
| 13 | CAPITAL SOUTHWEST ORD | CSWC | 140501107 | $1.5M | 0.65% | 61,698 | SH |
| 14 | BROOKFIELD WEALTH SOLUTIONS CL A ORD | BNT | G17434104 | $50.6K | 0.02% | 1,187 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $224.4M | 14 | 0001398344-26-014276 |
| 2026-03-31 | 2026-05-14 | $270.8M | 15 | 0001398344-26-009117 |
| 2025-12-31 | 2026-02-12 | $231.9M | 16 | 0001398344-26-002850 |
| 2025-09-30 | 2025-11-13 | $246.0M | 13 | 0001398344-25-020817 |