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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
+2.04%
1 Year Est. Return
+58.78%
3 Year Est. Return
+248.43%
5 Year Est. Return
+495.83%
10 Year Est. Return
–
AUM
$232M
AUM Growth
-$14.1M
(-5.7%)
Cap. Flow
-$16.9M
Cap. Flow
% of AUM
-7.27%
Top 10 Holdings %
Top 10 Hldgs %
95.34%
Holding
16
New
3
Increased
1
Reduced
10
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Greenfire Resources
GFR
|
+$8.05M |
| 2 |
NFGC
New Found Gold
NFGC
|
+$4.15M |
| 3 |
Arcos Dorados Holdings
ARCO
|
+$1.63M |
| 4 |
Cenovus Energy
CVE
|
+$215K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wheaton Precious Metals
WPM
|
+$9.68M |
| 2 |
Banco Bradesco
BBD
|
+$6.48M |
| 3 |
Valaris
VAL
|
+$5.37M |
| 4 |
Nutrien
NTR
|
+$4.46M |
| 5 |
Jefferies Financial Group
JEF
|
+$4.02M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.27% |
| 2 | Materials | 31.6% |
| 3 | Energy | 19.01% |
| 4 | Consumer Discretionary | 11.26% |
| 5 | Real Estate | 2.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Jefferies Financial Group
JEF
$12.7B
| $37.8M | 16.29% |
609,721
-70,122
| -10% | -$4.02M |
|
|
2
Wheaton Precious Metals
WPM
$49.7B
| $36.2M | 15.6% |
307,902
-90,445
| -23% | -$9.68M |
|
|
3
Nutrien
NTR
$33.9B
| $32.1M | 13.83% |
519,789
-75,832
| -13% | -$4.46M |
|
|
4
Valaris
VAL
$5.14B
| $30.6M | 13.21% |
607,897
-100,117
| -14% | -$5.37M |
|
|
5
Banco Bradesco
BBD
$37.4B
| $27.7M | 11.92% |
8,303,820
-1,904,170
| -19% | -$6.48M |
|
|
6
Arcos Dorados Holdings
ARCO
$1.74B
| $26.1M | 11.26% |
3,556,906
+226,912
| +7% | +$1.63M |
|
7
Brookfield
BN
$102B
| $10.5M | 4.51% |
227,939
-7,788
| -3% | -$355K |
|
|
8
Greenfire Resources
GFR
$786M
| $8.08M | 3.49% |
+1,693,492
| New | +$8.05M |
|
9
Douglas Elliman
DOUG
$156M
| $6.93M | 2.99% |
2,925,990
| – | – |
|
10
Tidewater
TDW
$3.63B
| $5.16M | 2.23% |
102,229
| – | – |
|
|
NFGC
11
New Found Gold
NFGC
$526M
| $5.01M | 2.16% |
+1,692,643
| New | +$4.15M |
|
12
Brookfield Asset Management
BAM
$75.6B
| $2.16M | 0.93% |
41,318
-48
| -0.1% | -$2.58K |
|
|
CSW
13
CSW Industrials
CSW
$4.44B
| $2.01M | 0.87% |
6,847
-933
| -12% | -$249K |
|
14
Capital Southwest
CSWC
$1.47B
| $1.37M | 0.59% |
61,698
-12,285
| -17% | -$259K |
|
|
15
Cenovus Energy
CVE
$54.2B
| $209K | 0.09% |
+12,377
| New | +$215K |
|
|
BNT
16
Brookfield Wealth Solutions
BNT
$11.7B
| $54.5K | 0.02% |
1,187
-270
| -19% | -$12.3K |
|
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Moerus Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Moerus Capital Management held 16 positions worth $232M, down 5.7% from $246M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Moerus Capital Management withdrew a net $16.9M in Q4 2025, reducing 10 holdings. Its largest reduction was Wheaton Precious Metals, cutting an estimated $9.68M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 38% a quarter earlier, followed by Materials and Energy.
Against the trend, Moerus Capital Management opened a new position in Greenfire Resources worth $8.08M.
- Moerus Capital Management's largest Q4 2025 buy was Greenfire Resources: 1,693,492 shares worth $8.08M.
- Moerus Capital Management added most to Arcos Dorados Holdings in Q4 2025, an estimated $1.63M increase.
- Moerus Capital Management's biggest Q4 2025 reduction was Wheaton Precious Metals, cutting an estimated $9.68M.
- Moerus Capital Management's ten largest holdings make up 95% of its $232M portfolio in Q4 2025.
- Moerus Capital Management opened 3 new positions and closed 0 in Q4 2025.
- Moerus Capital Management's portfolio value fell 5.7% quarter-over-quarter to $232M.
Based on Moerus Capital Management's 13F filing for Q4 2025, filed 12 Feb 2026.