Moerus Capital Management LLC

Q1 2026 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2026
Date filed
5/14/2026
Form type
13F-HR
Num holdings
15
Total value ($000)
$270,752
Net value change ($000)
+38,851 (16.8%)
New positions
1
Sold out positions
2
Turnover %
4.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/12/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VAL 14,851 48.5%
NTR 13,137 40.9%
ARCO 9,067 34.7%
GGAL 8,179 NEW
GFR 6,756 83.6%
TDW 3,859 74.7%
BBD 3,036 11.0%
Top Reduces (Value $000, Stocks/ETFs)
JEF -5,714 -15.1%
WPM -5,444 -15.0%
NFGC -5,007 -100.0%
DOUG -1,863 -26.9%
BN -1,235 -11.8%
BAM -328 -15.2%
CSW -226 -11.2%
CVE -209 -100.0%
BROOKFIELD WEALTH SOL LTD -6 -10.9%
CSWC -2 -0.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type