Moerus Capital Management LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $893,132,412 | Pension and profit sharing plans (60%) |
| Apr 2025 to Mar 2026 | $778,556,856 | Pension and profit sharing plans (75%) |
| Apr 2024 to Mar 2025 | $768,788,723 | Pension and profit sharing plans (79%) |
| May 2023 to Mar 2024 | $814,333,265 | Pension and profit sharing plans (72%) |
| Apr 2023 | $814,333,265 | Pension and profit sharing plans (72%) |
| Apr 2022 to Mar 2023 | $656,159,265 | Pension and profit sharing plans (70%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 99.5%; sector active share 62.1% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
14 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 44.5% | $99,814,403 |
| Industrials | 19.4% | $43,520,418 |
| Consumer Cyclical | 15.4% | $34,458,748 |
| Basic Materials | 10.1% | $22,759,176 |
| Energy | 8.1% | $18,092,749 |
| Real Estate | 2.6% | $5,736,729 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DOUG | Douglas Elliman Inc. | +148,600 | 3,241,090 | $5,736,729 | |
| JEF | Jefferies Financial Group Inc. | +133,302 | 910,370 | $45,500,292 | |
| GGAL | Grupo Financiero Galicia SA | +71,389 | 246,487 | $12,331,744 | |
| ARCO | Arcos Dorados Holdings Inc. | +11,690 | 4,275,279 | $34,458,748 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reducedNew Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CNH | CNH Industrial N.V. | 3,705,690 | $41,614,898 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| JEF |
Jefferies Financial Group Inc.
Financial Services
|
Added | 910,370 | $45,500,292 | 20.28% | |
| CNH |
CNH Industrial N.V.
Industrials
|
NEW | 3,705,690 | $41,614,898 | 18.55% | |
| ARCO |
Arcos Dorados Holdings Inc.
Consumer Cyclical
|
Added | 4,275,279 | $34,458,748 | 15.36% | |
| BBD |
Bank Bradesco
Financial Services
|
Reduced | 8,329,722 | $28,904,135 | 12.88% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
Reduced | 202,628 | $22,759,176 | 10.14% | |
| GFR |
Greenfire Resources Ltd.
Energy
|
Reduced | 2,232,277 | $12,612,365 | 5.62% | |
| GGAL |
Grupo Financiero Galicia SA
Financial Services
|
Added | 246,487 | $12,331,744 | 5.50% | |
| BN |
BROOKFIELD Corp
Financial Services
|
Held | 227,939 | $9,707,922 | 4.33% | |
| DOUG |
Douglas Elliman Inc.
Real Estate
|
Added | 3,241,090 | $5,736,729 | 2.56% | |
| TDW |
Tidewater Inc
Energy
|
Reduced | 82,251 | $5,480,384 | 2.44% | |
| CSW |
Csw Industrials, Inc.
Industrials
|
Held | 6,847 | $1,905,520 | 0.85% | |
| BAM |
Brookfield Asset Management Ltd.
Financial Services
|
Held | 41,318 | $1,853,112 | 0.83% | |
| CSWC |
Capital Southwest Corp
Financial Services
|
Held | 61,698 | $1,466,561 | 0.65% | |
| BNT |
Brookfield Wealth Solutions Ltd.
Financial Services
|
Held | 1,187 | $50,637 | 0.02% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.