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MCM

Moerus Capital Management Portfolio holdings

AUM $271M
1-Year Est. Return 58.78%
This Fund
S&P 500
This Quarter Est. Return
-6.61%
1 Year Est. Return
+58.78%
3 Year Est. Return
+248.43%
5 Year Est. Return
+495.83%
10 Year Est. Return
–
AUM
$294M
AUM Growth
-$28.6M
Cap. Flow
-$2.58M
Cap. Flow %
-0.88%
Top 10 Hldgs %
92.44%
Holding
15
New
–
Increased
6
Reduced
8
Closed
–

Top Buys

Rank Stock Value
1
GTE icon
Gran Tierra Energy
GTE
+$6.33M
2
SPB icon
Spectrum Brands
SPB
+$4.01M
3
TDW icon
Tidewater
TDW
+$1.14M
4
CCJ icon
Cameco
CCJ
+$507K
5
NTR icon
Nutrien
NTR
+$222K

Top Sells

Rank Stock Value
1
BEN icon
Franklin Resources
BEN
+$4.28M
2
JEF icon
Jefferies Financial Group
JEF
+$2.75M
3
ARCO icon
Arcos Dorados Holdings
ARCO
+$2.43M
4
BN icon
Brookfield
BN
+$2.01M
5
WPM icon
Wheaton Precious Metals
WPM
+$1.72M

Sector Composition

Rank Sector Weight
1 Financials 25.36%
2 Energy 19.7%
3 Materials 15.47%
4 Consumer Discretionary 12.57%
5 Communication Services 12.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JEF icon
1
Jefferies Financial Group
JEF
$12.6B
$38.5M 13.12%
2,189,970
-154,275
-7% -$2.75M
ARCO icon
2
Arcos Dorados Holdings
ARCO
$1.72B
$36.9M 12.57%
5,648,113
-342,603
-6% -$2.43M
VIV icon
3
Telefônica Brasil
VIV
$20.6B
$36.7M 12.49%
2,784,306
+10,943
+0.4% +$145K
SPB icon
4
Spectrum Brands
SPB
$2.04B
$36.2M 12.33%
686,766
+76,882
+13% +$4.01M
NTR icon
5
Nutrien
NTR
$33.2B
$32.1M 10.95%
644,522
+4,355
+0.7% +$222K
TDW icon
6
Tidewater
TDW
$3.73B
$24.7M 8.4%
1,632,318
+60,728
+4% +$1.14M
BEN icon
7
Franklin Resources
BEN
$17.6B
$21.2M 7.21%
734,150
-139,919
-16% -$4.28M
CCJ icon
8
Cameco
CCJ
$37.6B
$17.3M 5.88%
1,818,977
+53,948
+3% +$507K
GTE icon
9
Gran Tierra Energy
GTE
$265M
$15.9M 5.42%
1,285,607
+432,958
+51% +$6.33M
WPM icon
10
Wheaton Precious Metals
WPM
$49.5B
$12M 4.07%
455,929
-63,963
-12% -$1.72M
BN icon
11
Brookfield
BN
$104B
$11.7M 3.99%
619,031
-111,213
-15% -$2.01M
CSW
12
CSW Industrials
CSW
$5.2B
$3.82M 1.3%
55,365
-18,613
-25% -$1.29M
CSWC icon
13
Capital Southwest
CSWC
$1.47B
$3.06M 1.04%
140,248
– –
CPA icon
14
Copa Holdings
CPA
$5.76B
$2.28M 0.78%
23,121
-2,696
-10% -$272K
RGLD icon
15
Royal Gold
RGLD
$16.8B
$1.32M 0.45%
10,698
-1,518
-12% -$185K

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Moerus Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Moerus Capital Management held 15 positions worth $294M, down 8.9% from $322M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Trading was light in Q3 2019: portfolio turnover was 0%. Moerus Capital Management opened no new positions and made no exits, leaving the 15-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 27% a quarter earlier, followed by Energy and Materials.

  • Moerus Capital Management added most to Gran Tierra Energy in Q3 2019, an estimated $6.33M increase.
  • Moerus Capital Management's biggest Q3 2019 reduction was Franklin Resources, cutting an estimated $4.28M.
  • Moerus Capital Management's ten largest holdings make up 92% of its $294M portfolio in Q3 2019.
  • Moerus Capital Management opened 0 new positions and closed 0 in Q3 2019.
  • Moerus Capital Management's portfolio value fell 8.9% quarter-over-quarter to $294M.

Based on Moerus Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.