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Portfolio (Quarterly) Guide ↗

Moerus Capital Management LLC

· CIK 0001742647
13F Portfolio $232M AUM Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 16 New
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 JEF JEFFERIES FINANCIAL GROUP ORD Financial Services 609,721.0 $37.8M 16.29% NEW $61.97 -16.6%
2 WPM WHEATON PRECIOUS METALS ORD Basic Materials 307,902.0 $36.2M 15.60% NEW $117.52 +11.6%
3 NTR NUTRIEN ORD Basic Materials 519,789.0 $32.1M 13.83% NEW $61.72 +14.0%
4 VAL VALARIS ORD Energy 607,897.0 $30.6M 13.21% NEW $50.40 +91.5%
5 BBD BANCO BRADESCO ADR REPSTG 1 PRF Financial Services 8,303,820.0 $27.7M 11.92% NEW $3.33 +5.0%
6 ARCO ARCOS DORADOS HOLDINGS CL A ORD Consumer Cyclical 3,556,906.0 $26.1M 11.26% NEW $7.34 +18.3%
7 BN BROOKFIELD CL A ORD Financial Services 227,939.0 $10.5M 4.51% NEW $45.89 -0.5%
8 GREENFIRE RESOURCES ORD 1,693,492.0 $8.1M 3.48% NEW $4.77
9 DOUG DOUGLAS ELLIMAN ORD Real Estate 2,925,990.0 $6.9M 2.99% NEW $2.37 -22.8%
10 TDW TIDEWATER ORD Energy 102,229.0 $5.2M 2.23% NEW $50.51 +55.9%
11 NFGC NEW FOUND GOLD ORD Basic Materials 1,692,643.0 $5.0M 2.16% NEW $2.96 -34.4%
12 BROOKFIELD ASSET MNGMT CL A ORD 41,318.0 $2.2M 0.93% NEW $52.39
13 CSW INDUSTRIALS ORD 6,847.0 $2.0M 0.87% NEW $293.53
14 CSWC CAPITAL SOUTHWEST ORD Financial Services 61,698.0 $1.4M 0.59% NEW $22.15 +4.3%
15 CVE CENOVUS ENERGY ORD Energy 12,377.0 $209K 0.09% NEW $16.92 +71.4%
16 BROOKFIELD WEALTH SOLUTIONS CL A ORD 1,187.0 $55K 0.02% NEW $45.95

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 35.2%
Basic Materials 33.4%
Energy 16.4%
Consumer Cyclical 11.9%
Real Estate 3.2%