13F HOLDINGS REPORT
Moerus Capital Management LLC
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001398344-25-020817
Total Value
$246.0M
Positions
13
Other Managers
0
Confidential Omitted
No
Holdings (13)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | WHEATON PRECIOUS METALS ORD | WPM | 398,347 | $44.6M | 18.11% |
| 2 | JEFFERIES FINANCIAL GROUP ORD | 47233W109 | 679,843 | $44.5M | 18.08% |
| 3 | NUTRIEN ORD | NTR | 595,621 | $35.0M | 14.21% |
| 4 | VALARIS ORD | VAL-WT | 708,014 | $34.5M | 14.03% |
| 5 | BANCO BRADESCO ADR REPSTG 1 PRF | 059460303 | 10,207,990 | $34.5M | 14.02% |
| 6 | ARCOS DORADOS HOLDINGS CL A ORD | ARCO | 3,329,994 | $22.5M | 9.14% |
| 7 | BROOKFIELD CL A ORD | 11271J107 | 157,151 | $10.8M | 4.38% |
| 8 | DOUGLAS ELLIMAN ORD | DOUG | 2,925,990 | $8.4M | 3.40% |
| 9 | TIDEWATER ORD | TDGMW | 102,229 | $5.5M | 2.22% |
| 10 | BROOKFIELD ASSET MNGMT CL A ORD | 113004105 | 41,366 | $2.4M | 0.96% |
| 11 | CSW INDUSTRIALS ORD | CSW | 7,780 | $1.9M | 0.77% |
| 12 | CAPITAL SOUTHWEST ORD | CSWC | 73,983 | $1.6M | 0.66% |
| 13 | BROOKFIELD WEALTH SOLUTIONS CL A ORD | BNT | 971 | $66,552 | 0.03% |