Moerus Capital Management LLC
Filing Date
Global Rank
#3,572
/ 8,603
▲ 446
· as of Mar 2026
Top Industry
Oil & Gas Drilling
16.8%
3Y Alpha vs SPY
+6.3%
Period ended 3 months ago
Filed May 14, 2026 · 56d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+105.8%
SPY
+76.0%
Annualised alpha
+6.5%
Max drawdown
−24.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
15 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
16.8%
+0.5 pts
Top 5
69.7%
−1.2 pts
Top 10
96.3%
+0.9 pts
HHI
1,195
Diversified−2
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 30.8% | $83,411,777 |
| Basic Materials | 28.1% | $75,959,189 |
| Energy | 25.6% | $69,274,101 |
| Consumer Cyclical | 13.0% | $35,174,609 |
| Real Estate | 1.9% | $5,071,683 |
| Industrials | 0.7% | $1,784,191 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ARCO | Arcos Dorados Holdings Inc. | +706,683 | 4,263,589 | $35,174,609 | |
| GFR | Greenfire Resources Ltd. | +642,312 | 2,335,804 | $14,762,281 | |
| JEF | Jefferies Financial Group Inc. | +167,347 | 777,068 | $32,069,596 | |
| DOUG | Douglas Elliman Inc. | +166,500 | 3,092,490 | $5,071,683 | |
| BBD | Bank Bradesco | +103,900 | 8,407,720 | $30,688,178 | |
| NTR | Nutrien Ltd. | +79,447 | 599,236 | $45,218,348 | |
| TDW | Tidewater Inc | +5,763 | 107,992 | $9,022,731 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GGAL | Grupo Financiero Galicia SA | 175,098 | $8,178,827 | |
| No positions match the current search. | ||||
15 positions ·
$270,675,550 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VAL |
Valaris Ltd
Energy
|
Reduced | 463,985 | $45,489,089 | 16.81% | |
| NTR |
Nutrien Ltd.
Basic Materials
|
Added | 599,236 | $45,218,348 | 16.71% | |
| ARCO |
Arcos Dorados Holdings Inc.
Consumer Cyclical
|
Added | 4,263,589 | $35,174,609 | 13.00% | |
| JEF |
Jefferies Financial Group Inc.
Financial Services
|
Added | 777,068 | $32,069,596 | 11.85% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
Reduced | 234,645 | $30,740,841 | 11.36% | |
| BBD |
Bank Bradesco
Financial Services
|
Added | 8,407,720 | $30,688,178 | 11.34% | |
| GFR |
Greenfire Resources Ltd.
Energy
|
Added | 2,335,804 | $14,762,281 | 5.45% | |
| BN |
BROOKFIELD Corp /ON/
Financial Services
|
Held | 227,939 | $9,224,691 | 3.41% | |
| TDW |
Tidewater Inc
Energy
|
Added | 107,992 | $9,022,731 | 3.33% | |
| GGAL |
Grupo Financiero Galicia SA
Financial Services
|
NEW | 175,098 | $8,178,827 | 3.02% | |
| DOUG |
Douglas Elliman Inc.
Real Estate
|
Added | 3,092,490 | $5,071,683 | 1.87% | |
| BAM |
Brookfield Asset Management Ltd.
Financial Services
|
Held | 41,318 | $1,836,585 | 0.68% | |
| CSW |
Csw Industrials, Inc.
Industrials
|
Held | 6,847 | $1,784,191 | 0.66% | |
| CSWC |
Capital Southwest Corp
Financial Services
|
Held | 61,698 | $1,364,759 | 0.50% | |
| BNT |
Brookfield Wealth Solutions Ltd.
Financial Services
|
Held | 1,187 | $49,141 | 0.02% |