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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
+11.08%
1 Year Est. Return
+58.78%
3 Year Est. Return
+248.43%
5 Year Est. Return
+495.83%
10 Year Est. Return
–
AUM
$272M
AUM Growth
-$4.68M
(-1.7%)
Cap. Flow
-$29.1M
Cap. Flow
% of AUM
-10.7%
Top 10 Holdings %
Top 10 Hldgs %
94.86%
Holding
18
New
–
Increased
1
Reduced
10
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cameco
CCJ
|
+$146K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tidewater
TDW
|
+$9.42M |
| 2 |
Jefferies Financial Group
JEF
|
+$4.93M |
| 3 |
Wheaton Precious Metals
WPM
|
+$4.47M |
| 4 |
EFXT
Enerflex
EFXT
|
+$3.4M |
| 5 |
DESP
Despegar.com
DESP
|
+$2.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.68% |
| 2 | Materials | 29.15% |
| 3 | Energy | 22.44% |
| 4 | Consumer Discretionary | 15.33% |
| 5 | Industrials | 1.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Jefferies Financial Group
JEF
$12.6B
| $60.5M | 22.22% |
983,288
-86,936
| -8% | -$4.93M |
|
|
2
Wheaton Precious Metals
WPM
$49.5B
| $48.5M | 17.8% |
793,724
-75,224
| -9% | -$4.47M |
|
|
3
Cameco
CCJ
$37.6B
| $31.9M | 11.7% |
667,067
+3,348
| +0.5% | +$146K |
|
|
EFXT
4
Enerflex
EFXT
$2.72B
| $29.3M | 10.74% |
4,908,562
-606,110
| -11% | -$3.4M |
|
5
Nutrien
NTR
$33.2B
| $27.3M | 10.03% |
568,441
-39,561
| -7% | -$1.91M |
|
|
DESP
6
DELISTED
Despegar.com
DESP
| $25.1M | 9.2% |
2,021,509
-166,856
| -8% | -$2.01M |
|
7
Arcos Dorados Holdings
ARCO
$1.72B
| $16.7M | 6.12% |
1,912,542
-163,443
| -8% | -$1.49M |
|
8
Brookfield
BN
$104B
| $9.58M | 3.52% |
270,416
| – | – |
|
9
Galicia Financial Group
GGAL
$7.99B
| $5.06M | 1.86% |
120,217
-3,265
| -3% | -$114K |
|
10
Douglas Elliman
DOUG
$154M
| $4.56M | 1.67% |
2,490,811
-130,059
| -5% | -$223K |
|
11
Teck Resources
TECK
$29.6B
| $3.61M | 1.33% |
69,190
| – | – |
|
|
CSW
12
CSW Industrials
CSW
$5.2B
| $3.14M | 1.15% |
8,565
-2,623
| -23% | -$819K |
|
13
Brookfield Asset Management
BAM
$77.3B
| $2.23M | 0.82% |
47,197
| – | – |
|
14
Capital Southwest
CSWC
$1.47B
| $2.08M | 0.76% |
82,097
| – | – |
|
15
Copa Holdings
CPA
$5.76B
| $1.57M | 0.58% |
16,700
| – | – |
|
16
Banco Macro
BMA
$5.88B
| $1.33M | 0.49% |
20,895
-8,675
| -29% | -$500K |
|
|
BNT
17
Brookfield Wealth Solutions
BNT
$11.8B
| $51.6K | 0.02% |
1,457
| – | – |
|
|
18
Tidewater
TDW
$3.73B
| – | – |
-98,934
| Closed | -$9.42M |
|
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Moerus Capital Management's Q3 2024 Portfolio in Review
As of Q3 2024, Moerus Capital Management held 18 positions worth $272M, down 1.7% from $277M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Moerus Capital Management withdrew a net $29.1M in Q3 2024, closing 1 position and reducing 10 holdings. Its most notable exit was Tidewater, an estimated $9.42M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 25% a quarter earlier, followed by Materials and Energy.
Against the trend, Moerus Capital Management added an estimated $146K to Cameco.
- Moerus Capital Management added most to Cameco in Q3 2024, an estimated $146K increase.
- Moerus Capital Management's biggest Q3 2024 reduction was Jefferies Financial Group, cutting an estimated $4.93M.
- Moerus Capital Management fully exited Tidewater in Q3 2024, selling an estimated $9.42M.
- Moerus Capital Management's ten largest holdings make up 95% of its $272M portfolio in Q3 2024.
- Moerus Capital Management opened 0 new positions and closed 1 in Q3 2024.
- Moerus Capital Management's portfolio value fell 1.7% quarter-over-quarter to $272M.
Based on Moerus Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.