13F HOLDINGS REPORT
Moerus Capital Management LLC
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001398344-26-002850
Total Value
$231.9M
Positions
16
Other Managers
0
Confidential Omitted
No
Holdings (16)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JEFFERIES FINANCIAL GROUP ORD | 47233W109 | 609,721 | $37.8M | 16.29% |
| 2 | WHEATON PRECIOUS METALS ORD | WPM | 307,902 | $36.2M | 15.60% |
| 3 | NUTRIEN ORD | NTR | 519,789 | $32.1M | 13.83% |
| 4 | VALARIS ORD | VAL-WT | 607,897 | $30.6M | 13.21% |
| 5 | BANCO BRADESCO ADR REPSTG 1 PRF | 059460303 | 8,303,820 | $27.7M | 11.92% |
| 6 | ARCOS DORADOS HOLDINGS CL A ORD | ARCO | 3,556,906 | $26.1M | 11.26% |
| 7 | BROOKFIELD CL A ORD | 11271J107 | 227,939 | $10.5M | 4.51% |
| 8 | GREENFIRE RESOURCES ORD | 39525U107 | 1,693,492 | $8.1M | 3.49% |
| 9 | DOUGLAS ELLIMAN ORD | DOUG | 2,925,990 | $6.9M | 2.99% |
| 10 | TIDEWATER ORD | TDGMW | 102,229 | $5.2M | 2.23% |
| 11 | NEW FOUND GOLD ORD | NFGC | 1,692,643 | $5.0M | 2.16% |
| 12 | BROOKFIELD ASSET MNGMT CL A ORD | 113004105 | 41,318 | $2.2M | 0.93% |
| 13 | CSW INDUSTRIALS ORD | CSW | 6,847 | $2.0M | 0.87% |
| 14 | CAPITAL SOUTHWEST ORD | CSWC | 61,698 | $1.4M | 0.59% |
| 15 | CENOVUS ENERGY ORD | CVE | 12,377 | $209,402 | 0.09% |
| 16 | BROOKFIELD WEALTH SOLUTIONS CL A ORD | BNT | 1,187 | $54,543 | 0.02% |