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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
+21.82%
1 Year Est. Return
+58.78%
3 Year Est. Return
+248.43%
5 Year Est. Return
+495.83%
10 Year Est. Return
–
AUM
$274M
AUM Growth
+$1.61M
(+0.59%)
Cap. Flow
-$40.3M
Cap. Flow
% of AUM
-14.71%
Top 10 Holdings %
Top 10 Hldgs %
95.94%
Holding
17
New
–
Increased
3
Reduced
11
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nutrien
NTR
|
+$3.42M |
| 2 |
Arcos Dorados Holdings
ARCO
|
+$1.8M |
| 3 |
Teck Resources
TECK
|
+$211K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Jefferies Financial Group
JEF
|
+$24.7M |
| 2 |
DESP
Despegar.com
DESP
|
+$5.38M |
| 3 |
Wheaton Precious Metals
WPM
|
+$4.93M |
| 4 |
Galicia Financial Group
GGAL
|
+$3.21M |
| 5 |
Cameco
CCJ
|
+$2.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 29.05% |
| 2 | Materials | 26.21% |
| 3 | Financials | 24.45% |
| 4 | Consumer Discretionary | 17.44% |
| 5 | Industrials | 1.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Jefferies Financial Group
JEF
$12.6B
| $50.2M | 18.32% |
640,204
-343,084
| -35% | -$24.7M |
|
|
EFXT
2
Enerflex
EFXT
$2.72B
| $47.7M | 17.42% |
4,796,705
-111,857
| -2% | -$897K |
|
|
3
Wheaton Precious Metals
WPM
$49.5B
| $40.2M | 14.66% |
714,115
-79,609
| -10% | -$4.93M |
|
|
DESP
4
DELISTED
Despegar.com
DESP
| $32.3M | 11.8% |
1,679,528
-341,981
| -17% | -$5.38M |
|
|
5
Cameco
CCJ
$37.6B
| $31.9M | 11.63% |
620,008
-47,059
| -7% | -$2.56M |
|
|
6
Nutrien
NTR
$33.2B
| $28.7M | 10.46% |
640,502
+72,061
| +13% | +$3.42M |
|
|
7
Arcos Dorados Holdings
ARCO
$1.72B
| $15.5M | 5.64% |
2,122,675
+210,133
| +11% | +$1.8M |
|
8
Brookfield
BN
$104B
| $9.03M | 3.3% |
235,727
-34,689
| -13% | -$1.31M |
|
|
9
Galicia Financial Group
GGAL
$7.99B
| $3.86M | 1.41% |
61,878
-58,339
| -49% | -$3.21M |
|
10
Douglas Elliman
DOUG
$154M
| $3.61M | 1.32% |
2,163,109
-327,702
| -13% | -$630K |
|
|
11
Teck Resources
TECK
$29.6B
| $2.99M | 1.09% |
73,712
+4,522
| +7% | +$211K |
|
|
CSW
12
CSW Industrials
CSW
$5.2B
| $2.74M | 1% |
7,780
-785
| -9% | -$305K |
|
13
Brookfield Asset Management
BAM
$77.3B
| $2.24M | 0.82% |
41,366
-5,831
| -12% | -$315K |
|
14
Capital Southwest
CSWC
$1.47B
| $1.61M | 0.59% |
73,983
-8,114
| -10% | -$191K |
|
15
Copa Holdings
CPA
$5.76B
| $1.47M | 0.54% |
16,700
| – | – |
|
|
BNT
16
Brookfield Wealth Solutions
BNT
$11.8B
| $55.8K | 0.02% |
1,457
| – | – |
|
17
Banco Macro
BMA
$5.88B
| – | – |
-20,895
| Closed | -$1.33M |
|
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Moerus Capital Management's Q4 2024 Portfolio in Review
As of Q4 2024, Moerus Capital Management held 17 positions worth $274M, up 0.59% from $272M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Moerus Capital Management withdrew a net $40.3M in Q4 2024, closing 1 position and reducing 11 holdings. Its most notable exit was Banco Macro, an estimated $1.33M position sold in full.
By sector, the portfolio is most concentrated in Energy at 29% of assets, up from 22% a quarter earlier, followed by Materials and Financials.
Against the trend, Moerus Capital Management added an estimated $3.42M to Nutrien.
- Moerus Capital Management added most to Nutrien in Q4 2024, an estimated $3.42M increase.
- Moerus Capital Management's biggest Q4 2024 reduction was Jefferies Financial Group, cutting an estimated $24.7M.
- Moerus Capital Management fully exited Banco Macro in Q4 2024, selling an estimated $1.33M.
- Moerus Capital Management's ten largest holdings make up 96% of its $274M portfolio in Q4 2024.
- Moerus Capital Management opened 0 new positions and closed 1 in Q4 2024.
- Moerus Capital Management's portfolio value rose 0.59% quarter-over-quarter to $274M.
Based on Moerus Capital Management's 13F filing for Q4 2024, filed 13 Feb 2025.