Moerus Capital Management LLC Q2 2025 Filing

Filed August 11, 2025

Portfolio Value

$234.3B

Holdings

14

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (14 positions)

#StockSharesValue% PortfolioType
1
WPMWHEATON PRECIOUS METALS ORD
488,154$43.8B18.71%
2
JEFJEFFERIES FINANCIAL GROUP ORD
665,854$36.4B15.54%
3
NTRNUTRIEN ORD
565,956$33.0B14.07%
4
BBDBANCO BRADESCO ADR REPSTG 1 PRF
10,263,176$31.7B13.53%
5
VALVALARIS ORD
707,701$29.8B12.72%
6
ARCOARCOS DORADOS HOLDINGS CL A ORD
3,327,551$26.3B11.20%
7
BNBROOKFIELD CL A ORD
157,151$9.7B4.15%
8
DOUGDOUGLAS ELLIMAN ORD
3,150,025$7.3B3.12%
9
TECK/BTECK RESOURCES CL B ORD
134,062$5.4B2.31%
10
TDWTIDEWATER ORD
102,229$4.7B2.01%
11
BAMBROOKFIELD ASSET MNGMT CL A ORD
41,366$2.3B0.98%
12
CSWCSW INDUSTRIALS ORD
7,780$2.2B0.95%
13
CSWCCAPITAL SOUTHWEST ORD
73,983$1.6B0.70%
14
BNTBROOKFIELD WEALTH SOLUTIONS CL A ORD
971$60.1M0.03%