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Moerus Capital Management Portfolio holdings
AUM
$224M
Turnover
18.75%
1-Year Est. Return
42.2%
This Fund
S&P 500
This Quarter Est. Return
+2.08%
1 Year Est. Return
+42.2%
3 Year Est. Return
+220.02%
5 Year Est. Return
+460.62%
10 Year Est. Return
–
AUM
$224M
AUM Growth
-$46.4M
(-17%)
Cap. Flow
-$47.8M
Cap. Flow % of AUM
Cap. Flow %
-21.3%
Top 10 Holdings %
Top 10 Hldgs %
97.65%
Holding
16
New
1
Increased
4
Reduced
4
Closed
2
Avg Time Held
4.2
years
Top 10 Avg Time Held
3.2
years
Top 20 Avg Time Held
4.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CNH Industrial
CNH
|
+$39.4M |
| 2 |
Jefferies Financial Group
JEF
|
+$6.87M |
| 3 |
Galicia Financial Group
GGAL
|
+$3.36M |
| 4 |
Douglas Elliman
DOUG
|
+$266K |
| 5 |
Arcos Dorados Holdings
ARCO
|
+$101K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Valaris
VAL
|
+$45.5M |
| 2 |
Nutrien
NTR
|
+$45.2M |
| 3 |
Wheaton Precious Metals
WPM
|
+$4.17M |
| 4 |
Tidewater
TDW
|
+$2.04M |
| 5 |
Greenfire Resources
GFR
|
+$615K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.48% |
| 2 | Industrials | 19.4% |
| 3 | Consumer Discretionary | 15.36% |
| 4 | Materials | 10.14% |
| 5 | Energy | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Jefferies Financial Group
JEF
$10.6B
| $45.5M | 20.28% |
910,370
+133,302
| +17% | +$6.87M |
2018 Q4
30 quarters
|
|
|
2
CNH Industrial
CNH
$18.9B
| $41.6M | 18.55% |
+3,705,690
| New | +$39.4M |
2026 Q2
0 quarters
|
|
|
3
Arcos Dorados Holdings
ARCO
$1.42B
| $34.5M | 15.36% |
4,275,279
+11,690
| +0.3% | +$101K |
2018 Q4
30 quarters
|
|
4
Banco Bradesco
BBD
$28.5B
| $28.9M | 12.88% |
8,329,722
-77,998
| -0.9% | -$286K |
2025 Q1
5 quarters
|
|
|
5
Wheaton Precious Metals
WPM
$52.9B
| $22.8M | 10.14% |
202,628
-32,017
| -14% | -$4.17M |
2018 Q4
30 quarters
|
|
|
6
Greenfire Resources
GFR
$1.61B
| $12.6M | 5.62% |
2,232,277
-103,527
| -4% | -$615K |
2025 Q4
2 quarters
|
|
|
7
Galicia Financial Group
GGAL
$5.19B
| $12.3M | 5.5% |
246,487
+71,389
| +41% | +$3.36M |
2026 Q1
1 quarter
|
|
8
Brookfield
BN
$87.7B
| $9.7M | 4.33% |
227,939
| – | – |
2018 Q4
30 quarters
|
|
|
9
Douglas Elliman
DOUG
$141M
| $5.74M | 2.56% |
3,241,090
+148,600
| +5% | +$266K |
2024 Q1
9 quarters
|
|
|
10
Tidewater
TDW
$4.35B
| $5.48M | 2.44% |
82,251
-25,741
| -24% | -$2.04M |
2025 Q1
5 quarters
|
|
11
CSW Industrials
CSW
$4.66B
| $1.91M | 0.85% |
6,847
| – | – |
2018 Q4
30 quarters
|
|
12
Brookfield Asset Management
BAM
$77.1B
| $1.85M | 0.83% |
41,318
| – | – |
2022 Q4
14 quarters
|
|
13
Capital Southwest
CSWC
$1.48B
| $1.47M | 0.65% |
61,698
| – | – |
2018 Q4
30 quarters
|
|
14
Brookfield Wealth Solutions
BNT
$11.7B
| $50.6K | 0.02% |
1,187
| – | – |
2021 Q2
20 quarters
|
|
|
15
Nutrien
NTR
$33.1B
| – | – |
-599,236
| Closed | -$45.2M | – |
|
|
16
Valaris
VAL
$7.31B
| – | – |
-463,985
| Closed | -$45.5M | – |
|
Similar funds
CCM
PS
Moerus Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Moerus Capital Management held 16 positions worth $224M, down 17% from $271M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Moerus Capital Management withdrew a net $47.8M in Q2 2026, closing 2 positions and reducing 4 holdings. Its most notable exit was Valaris, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 31% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Moerus Capital Management opened a new position in CNH Industrial worth $41.6M.
- Moerus Capital Management's largest Q2 2026 buy was CNH Industrial: 3,705,690 shares worth $41.6M.
- Moerus Capital Management added most to Jefferies Financial Group in Q2 2026, an estimated $6.87M increase.
- Moerus Capital Management's biggest Q2 2026 reduction was Wheaton Precious Metals, cutting an estimated $4.17M.
- Moerus Capital Management fully exited Valaris in Q2 2026, selling an estimated $45.5M.
- Moerus Capital Management's ten largest holdings make up 98% of its $224M portfolio in Q2 2026.
- Moerus Capital Management opened 1 new position and closed 2 in Q2 2026.
- Moerus Capital Management's portfolio value fell 17% quarter-over-quarter to $224M.
Based on Moerus Capital Management's 13F filing for Q2 2026, filed 13 Aug 2026.