We are live on
!
Find out more
MCM
Moerus Capital Management Portfolio holdings
AUM
$271M
1-Year Est. Return
58.78%
This Fund
S&P 500
This Quarter
Est. Return
+24.47%
1 Year Est. Return
+58.78%
3 Year Est. Return
+248.43%
5 Year Est. Return
+495.83%
10 Year Est. Return
–
AUM
$332M
AUM Growth
+$97.2M
(+41%)
Cap. Flow
+$49.4M
Cap. Flow
% of AUM
14.86%
Top 10 Holdings %
Top 10 Hldgs %
97.12%
Holding
16
New
2
Increased
6
Reduced
6
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EFXT
Enerflex
EFXT
|
+$20.2M |
| 2 |
Spectrum Brands
SPB
|
+$11.2M |
| 3 |
DESP
Despegar.com
DESP
|
+$7.33M |
| 4 |
Cameco
CCJ
|
+$7.02M |
| 5 |
Nutrien
NTR
|
+$6.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tidewater
TDW
|
+$8.91M |
| 2 |
Brookfield
BN
|
+$1.5M |
| 3 |
Arcos Dorados Holdings
ARCO
|
+$711K |
| 4 |
CSW
CSW Industrials
CSW
|
+$352K |
| 5 |
Capital Southwest
CSWC
|
+$349K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 31.62% |
| 2 | Materials | 20.21% |
| 3 | Financials | 16.19% |
| 4 | Consumer Discretionary | 16.07% |
| 5 | Consumer Staples | 13.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Tidewater
TDW
$3.73B
| $54.5M | 16.4% |
1,479,017
-292,837
| -17% | -$8.91M |
|
|
2
Spectrum Brands
SPB
$2.04B
| $46.5M | 13.98% |
762,934
+221,877
| +41% | +$11.2M |
|
3
Jefferies Financial Group
JEF
$12.6B
| $44.7M | 13.45% |
1,364,563
+180,352
| +15% | +$5.99M |
|
4
Wheaton Precious Metals
WPM
$49.5B
| $39M | 11.74% |
998,536
+52,931
| +6% | +$1.91M |
|
|
5
Arcos Dorados Holdings
ARCO
$1.72B
| $34.7M | 10.43% |
4,147,766
-95,061
| -2% | -$711K |
|
|
6
Cameco
CCJ
$37.6B
| $28.7M | 8.64% |
1,269,147
+298,502
| +31% | +$7.02M |
|
|
7
Nutrien
NTR
$33.2B
| $28.1M | 8.47% |
385,447
+78,373
| +26% | +$6.19M |
|
|
EFXT
8
Enerflex
EFXT
$2.72B
| $21.9M | 6.58% |
+3,473,883
| New | +$20.2M |
|
|
DESP
9
DELISTED
Despegar.com
DESP
| $18.8M | 5.64% |
3,656,964
+1,277,284
| +54% | +$7.33M |
|
|
10
Brookfield
BN
$104B
| $5.91M | 1.78% |
281,790
-66,784
| -19% | -$1.5M |
|
|
AUY
11
DELISTED
Yamana Gold, Inc.
AUY
| $2.35M | 0.71% |
424,083
| – | – |
|
12
Copa Holdings
CPA
$5.76B
| $2.09M | 0.63% |
25,093
| – | – |
|
|
CSW
13
CSW Industrials
CSW
$5.2B
| $1.94M | 0.58% |
16,724
-2,940
| -15% | -$352K |
|
|
14
Capital Southwest
CSWC
$1.47B
| $1.82M | 0.55% |
106,270
-19,550
| -16% | -$349K |
|
15
Brookfield Asset Management
BAM
$77.3B
| $1.35M | 0.41% |
+47,197
| New | +$1.42M |
|
|
BNT
16
Brookfield Wealth Solutions
BNT
$11.8B
| $30.4K | 0.01% |
1,457
-757
| -34% | -$20.1K |
|
Similar funds
MLM
RP
PCM
MAM
FCMV
VW
FDS
S
Moerus Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Moerus Capital Management held 16 positions worth $332M, up 41% from $235M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Moerus Capital Management deployed $49.4M of net new capital in Q4 2022, opening 2 new positions and adding to 6 existing holdings. Its largest new stake was Enerflex: 3,473,883 shares worth $21.9M.
By sector, the portfolio is most concentrated in Energy at 32% of assets, up from 27% a quarter earlier, followed by Materials and Financials.
On the sell side, the largest reduction was Tidewater, an estimated $8.91M trimmed.
- Moerus Capital Management's largest Q4 2022 buy was Enerflex: 3,473,883 shares worth $21.9M.
- Moerus Capital Management added most to Spectrum Brands in Q4 2022, an estimated $11.2M increase.
- Moerus Capital Management's biggest Q4 2022 reduction was Tidewater, cutting an estimated $8.91M.
- Moerus Capital Management's ten largest holdings make up 97% of its $332M portfolio in Q4 2022.
- Moerus Capital Management opened 2 new positions and closed 0 in Q4 2022.
- Moerus Capital Management's portfolio value rose 41% quarter-over-quarter to $332M.
Based on Moerus Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.