Data as of Q4 2025 (Dec 31, 2025)

Moerus Capital Management LLC

•CIK: 1742647•Filing: Q4 2025

**Moerus Capital Management LLC** manages $232M across a concentrated portfolio of 16 positions. The fund exhibits significant conviction in its top holdings, led by JEF ($37.8M) and WPM ($36.2M). Further substantial allocations include NTR ($32.1M), BK-PK ($30.6M), and BBD ($27.7M). This structure suggests a focused, high-conviction approach across key market sectors.

Total AUM
$231.9M
QoQ Performance
-5.7%
Positions
16
Top 10 Concentration
95.3%
Latest Filing
Q4 2025

Top Holdings Allocation

JEF
WPM
NTR
VAL
BBD
ARCO
JEF16.3%
WPM15.6%
NTR13.8%
VAL13.2%
BBD11.9%
ARCO11.3%
BN4.5%
GFR3.5%

📈 Biggest Buys

GFR
GREENFIRE RESOURCES ORD
NEW
3.5% of portfolio
NFG
NEW FOUND GOLD ORD
NEW
2.2% of portfolio
BN
BROOKFIELD CL A ORD
+45.0%
4.5% of portfolio
ARCO
ARCOS DORADOS HOLDINGS CL A ORD
+6.8%
11.3% of portfolio
CVE
CENOVUS ENERGY ORD
NEW
0.1% of portfolio

📉 Biggest Sells

WPM
WHEATON PRECIOUS METALS ORD
-22.7%
15.6% of portfolio
BBD
BANCO BRADESCO ADR REPSTG 1 PRF
-18.7%
11.9% of portfolio
VAL
VALARIS ORD
-14.1%
13.2% of portfolio
NTR
NUTRIEN ORD
-12.7%
13.8% of portfolio
JEF
JEFFERIES FINANCIAL GROUP ORD
-10.3%
16.3% of portfolio

Sector Breakdown

Other79.2%
Financial20.8%

Changes from Q3 2025

NEW3 new positions
↑3 increased
↓8 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

JEF16.3%
JEFFERIES FINANCIAL GROUP ORD
$37.8M
WPM15.6%
WHEATON PRECIOUS METALS ORD
$36.2M
NTR13.8%
NUTRIEN ORD
$32.1M
VAL13.2%
VALARIS ORD
$30.6M
BBD11.9%
BANCO BRADESCO ADR REPSTG 1 PRF
$27.7M

⚖️ Compare Fund

Compare this fund's holdings with other hedge funds.

🎯 Fund Movement Signals

See AI-analyzed fund movement signals and accumulation patterns.

👤 Insider Trading

See what corporate insiders are buying and selling.