Moerus Capital Management LLC Q4 2025 Filing
Filed February 12, 2026
Portfolio Value
$231.9M
Holdings
16
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (16 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | JEFJEFFERIES FINANCIAL GROUP ORD | 609,721 | $37.8M | 16.29% | |
| 2 | WPMWHEATON PRECIOUS METALS ORD | 307,902 | $36.2M | 15.60% | |
| 3 | NTRNUTRIEN ORD | 519,789 | $32.1M | 13.83% | |
| 4 | VALVALARIS ORD | 607,897 | $30.6M | 13.21% | |
| 5 | BBDBANCO BRADESCO ADR REPSTG 1 PRF | 8,303,820 | $27.7M | 11.92% | |
| 6 | ARCOARCOS DORADOS HOLDINGS CL A ORD | 3,556,906 | $26.1M | 11.26% | |
| 7 | BNBROOKFIELD CL A ORD | 227,939 | $10.5M | 4.51% | |
| 8 | GFRGREENFIRE RESOURCES ORD | 1,693,492 | $8.1M | 3.49% | |
| 9 | DOUGDOUGLAS ELLIMAN ORD | 2,925,990 | $6.9M | 2.99% | |
| 10 | TDWTIDEWATER ORD | 102,229 | $5.2M | 2.23% | |
| 11 | NFGNEW FOUND GOLD ORD | 1,692,643 | $5.0M | 2.16% | |
| 12 | BAMBROOKFIELD ASSET MNGMT CL A ORD | 41,318 | $2.2M | 0.93% | |
| 13 | CSWCSW INDUSTRIALS ORD | 6,847 | $2.0M | 0.87% | |
| 14 | CSWCCAPITAL SOUTHWEST ORD | 61,698 | $1.4M | 0.59% | |
| 15 | CVECENOVUS ENERGY ORD | 12,377 | $209K | 0.09% | |
| 16 | BNTBROOKFIELD WEALTH SOLUTIONS CL A ORD | 1,187 | $54K | 0.02% |