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
+8.05%
1 Year Est. Return
+58.78%
3 Year Est. Return
+248.43%
5 Year Est. Return
+495.83%
10 Year Est. Return
–
AUM
$224M
AUM Growth
-$50.4M
(-18%)
Cap. Flow
-$53.4M
Cap. Flow
% of AUM
-23.88%
Top 10 Holdings %
Top 10 Hldgs %
96.03%
Holding
19
New
3
Increased
5
Reduced
2
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Banco Bradesco
BBD
|
+$25.4M |
| 2 |
Valaris
VAL
|
+$20M |
| 3 |
Arcos Dorados Holdings
ARCO
|
+$11.3M |
| 4 |
Tidewater
TDW
|
+$5.08M |
| 5 |
Teck Resources
TECK
|
+$1.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EFXT
Enerflex
EFXT
|
+$47.7M |
| 2 |
DESP
Despegar.com
DESP
|
+$32.3M |
| 3 |
Cameco
CCJ
|
+$31.9M |
| 4 |
Jefferies Financial Group
JEF
|
+$4.48M |
| 5 |
Galicia Financial Group
GGAL
|
+$3.86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 41.14% |
| 2 | Financials | 31.35% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Energy | 10.13% |
| 5 | Industrials | 2.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Wheaton Precious Metals
WPM
$49.5B
| $55.1M | 24.63% |
709,192
-4,923
| -0.7% | -$328K |
|
2
Nutrien
NTR
$33.2B
| $32.7M | 14.64% |
658,953
+18,451
| +3% | +$944K |
|
|
3
Jefferies Financial Group
JEF
$12.6B
| $30.8M | 13.76% |
574,253
-65,951
| -10% | -$4.48M |
|
|
4
Arcos Dorados Holdings
ARCO
$1.72B
| $28.6M | 12.81% |
3,552,013
+1,429,338
| +67% | +$11.3M |
|
|
5
Banco Bradesco
BBD
$39.3B
| $27.4M | 12.24% |
+12,274,580
| New | +$25.4M |
|
|
6
Valaris
VAL
$5.48B
| $18.3M | 8.19% |
+466,479
| New | +$20M |
|
7
Brookfield
BN
$104B
| $8.24M | 3.68% |
235,727
| – | – |
|
8
Douglas Elliman
DOUG
$154M
| $5.07M | 2.27% |
2,949,388
+786,279
| +36% | +$1.42M |
|
|
9
Tidewater
TDW
$3.73B
| $4.32M | 1.93% |
+102,229
| New | +$5.08M |
|
|
10
Teck Resources
TECK
$29.6B
| $4.19M | 1.88% |
115,062
+41,350
| +56% | +$1.72M |
|
11
Copa Holdings
CPA
$5.76B
| $2.9M | 1.3% |
31,321
+14,621
| +88% | +$1.36M |
|
|
CSW
12
CSW Industrials
CSW
$5.2B
| $2.27M | 1.01% |
7,780
| – | – |
|
13
Brookfield Asset Management
BAM
$77.3B
| $2M | 0.9% |
41,366
| – | – |
|
14
Capital Southwest
CSWC
$1.47B
| $1.65M | 0.74% |
73,983
| – | – |
|
|
BNT
15
Brookfield Wealth Solutions
BNT
$11.8B
| $50.8K | 0.02% |
1,457
| – | – |
|
|
16
Cameco
CCJ
$37.6B
| – | – |
-620,008
| Closed | -$31.9M |
|
|
DESP
17
DELISTED
Despegar.com
DESP
| – | – |
-1,679,528
| Closed | -$32.3M |
|
|
EFXT
18
Enerflex
EFXT
$2.72B
| – | – |
-4,796,705
| Closed | -$47.7M |
|
|
19
Galicia Financial Group
GGAL
$7.99B
| – | – |
-61,878
| Closed | -$3.86M |
|
Similar funds
MLM
RP
PCM
MAM
FCMV
VW
FDS
S
Moerus Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, Moerus Capital Management held 19 positions worth $224M, down 18% from $274M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Moerus Capital Management withdrew a net $53.4M in Q1 2025, closing 4 positions and reducing 2 holdings. Its most notable exit was Enerflex, an estimated $47.7M position sold in full.
By sector, the portfolio is most concentrated in Materials at 41% of assets, up from 26% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Moerus Capital Management opened a new position in Banco Bradesco worth $27.4M.
- Moerus Capital Management's largest Q1 2025 buy was Banco Bradesco: 12,274,580 shares worth $27.4M.
- Moerus Capital Management added most to Arcos Dorados Holdings in Q1 2025, an estimated $11.3M increase.
- Moerus Capital Management's biggest Q1 2025 reduction was Jefferies Financial Group, cutting an estimated $4.48M.
- Moerus Capital Management fully exited Enerflex in Q1 2025, selling an estimated $47.7M.
- Moerus Capital Management's ten largest holdings make up 96% of its $224M portfolio in Q1 2025.
- Moerus Capital Management opened 3 new positions and closed 4 in Q1 2025.
- Moerus Capital Management's portfolio value fell 18% quarter-over-quarter to $224M.
Based on Moerus Capital Management's 13F filing for Q1 2025, filed 13 May 2025.