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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
+9.47%
1 Year Est. Return
+58.78%
3 Year Est. Return
+248.43%
5 Year Est. Return
+495.83%
10 Year Est. Return
–
AUM
$319M
AUM Growth
-$13.2M
Cap. Flow
-$37M
Cap. Flow %
-11.6%
Top 10 Hldgs %
94.28%
Holding
19
New
2
Increased
3
Reduced
9
Closed
–

Top Buys

Rank Stock Value
1
DOUG icon
Douglas Elliman
DOUG
+$2.71M
2
EFXT
Enerflex
EFXT
+$2.42M
3
WPM icon
Wheaton Precious Metals
WPM
+$1.74M
4
NTR icon
Nutrien
NTR
+$1.71M
5
BMA icon
Banco Macro
BMA
+$1.02M

Top Sells

Rank Stock Value
1
SPB icon
Spectrum Brands
SPB
+$11.8M
2
TDW icon
Tidewater
TDW
+$10.6M
3
DESP
Despegar.com
DESP
+$8.95M
4
CCJ icon
Cameco
CCJ
+$6.74M
5
JEF icon
Jefferies Financial Group
JEF
+$4.84M

Sector Composition

Rank Sector Weight
1 Energy 28.22%
2 Materials 22.79%
3 Financials 20.03%
4 Consumer Discretionary 17.66%
5 Consumer Staples 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JEF icon
1
Jefferies Financial Group
JEF
$12.6B
$46.9M 14.7%
1,063,029
-116,123
-10% -$4.84M
WPM icon
2
Wheaton Precious Metals
WPM
$49.5B
$39.4M 12.36%
836,390
+38,536
+5% +$1.74M
TDW icon
3
Tidewater
TDW
$3.73B
$35.4M 11.11%
385,280
-142,684
-27% -$10.6M
DESP
4
DELISTED
Despegar.com
DESP
$33.5M 10.51%
2,803,884
-944,639
-25% -$8.95M
NTR icon
5
Nutrien
NTR
$33.2B
$30.5M 9.55%
561,091
+32,886
+6% +$1.71M
SPB icon
6
Spectrum Brands
SPB
$2.04B
$29.9M 9.36%
335,500
-144,814
-30% -$11.8M
CCJ icon
7
Cameco
CCJ
$37.6B
$28.3M 8.87%
653,584
-153,829
-19% -$6.74M
EFXT
8
Enerflex
EFXT
$2.72B
$26.3M 8.24%
4,514,762
+451,481
+11% +$2.42M
ARCO icon
9
Arcos Dorados Holdings
ARCO
$1.72B
$22.8M 7.15%
2,049,706
-193,670
-9% -$2.3M
BN icon
10
Brookfield
BN
$104B
$7.77M 2.44%
278,340
– –
GGAL icon
11
Galicia Financial Group
GGAL
$7.99B
$3.8M 1.19%
149,482
-36,595
-20% -$760K
TECK icon
12
Teck Resources
TECK
$29.6B
$2.81M 0.88%
61,412
– –
CSW
13
CSW Industrials
CSW
$5.2B
$2.62M 0.82%
11,188
-1,040
-9% -$232K
DOUG icon
14
Douglas Elliman
DOUG
$154M
$2.09M 0.66%
+1,324,329
New +$2.71M
CSWC icon
15
Capital Southwest
CSWC
$1.47B
$2.05M 0.64%
82,097
-13,633
-14% -$332K
BAM icon
16
Brookfield Asset Management
BAM
$77.3B
$1.98M 0.62%
47,197
– –
CPA icon
17
Copa Holdings
CPA
$5.76B
$1.45M 0.45%
13,902
– –
BMA icon
18
Banco Macro
BMA
$5.88B
$1.39M 0.43%
+28,759
New +$1.02M
BNT
19
Brookfield Wealth Solutions
BNT
$11.8B
$40.6K 0.01%
1,457
– –

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MAM
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FDS
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Moerus Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Moerus Capital Management held 19 positions worth $319M, down 4% from $332M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Moerus Capital Management withdrew a net $37M in Q1 2024, reducing 9 holdings. Its largest reduction was Spectrum Brands, cutting an estimated $11.8M.

By sector, the portfolio is most concentrated in Energy at 28% of assets, up from 28% a quarter earlier, followed by Materials and Financials.

Against the trend, Moerus Capital Management opened a new position in Douglas Elliman worth $2.09M.

  • Moerus Capital Management's largest Q1 2024 buy was Douglas Elliman: 1,324,329 shares worth $2.09M.
  • Moerus Capital Management added most to Enerflex in Q1 2024, an estimated $2.42M increase.
  • Moerus Capital Management's biggest Q1 2024 reduction was Spectrum Brands, cutting an estimated $11.8M.
  • Moerus Capital Management's ten largest holdings make up 94% of its $319M portfolio in Q1 2024.
  • Moerus Capital Management opened 2 new positions and closed 0 in Q1 2024.
  • Moerus Capital Management's portfolio value fell 4% quarter-over-quarter to $319M.

Based on Moerus Capital Management's 13F filing for Q1 2024, filed 15 May 2024.