# Moerus Capital Management LLC: Form 13F holdings

An institutional investment manager in NEW YORK, NY. SEC CIK 1742647.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $224.4m
- Positions: 14 (14 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1742647/000139834426014276/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [JEFFERIES FINANCIAL GROUP ORD (JEF)](/companies/jef.md) | Com | $45.5m | 20.3% | 910,370 |  | Added +133,302 |
| CNH INDUSTRIAL ORD | Com | $41.6m | 18.5% | 3,705,690 |  | New +3,705,690 |
| ARCOS DORADOS HOLDINGS CL A ORD | Com | $34.5m | 15.4% | 4,275,279 |  | Added +11,690 |
| [BANCO BRADESCO ADR REPSTG 1 PRF (BBD)](/companies/bbd.md) | Com | $28.9m | 12.9% | 8,329,722 |  | Reduced −77,998 |
| [WHEATON PRECIOUS METALS ORD (WPM)](/companies/wpm.md) | Com | $22.8m | 10.1% | 202,628 |  | Reduced −32,017 |
| [GREENFIRE RESOURCES ORD (GFR)](/companies/gfr.md) | Com | $12.6m | 5.6% | 2,232,277 |  | Reduced −103,527 |
| [GRUPO FINANCIERO ADR REP 10 CL B ORD (GGAL)](/companies/ggal.md) | Com | $12.3m | 5.5% | 246,487 |  | Added +71,389 |
| [BROOKFIELD CL A ORD (BN)](/companies/bn.md) | Com | $9.7m | 4.3% | 227,939 |  | Unchanged |
| [DOUGLAS ELLIMAN ORD (DOUG)](/companies/doug.md) | Com | $5.7m | 2.6% | 3,241,090 |  | Added +148,600 |
| [TIDEWATER ORD (TDW)](/companies/tdw.md) | Com | $5.5m | 2.4% | 82,251 |  | Reduced −25,741 |
| [CSW INDUSTRIALS ORD (CSW)](/companies/csw.md) | Com | $1.9m | 0.8% | 6,847 |  | Unchanged |
| [BROOKFIELD ASSET MNGMT CL A ORD (BAM)](/companies/bam.md) | Com | $1.9m | 0.8% | 41,318 |  | Unchanged |
| [CAPITAL SOUTHWEST ORD (CSWC)](/companies/cswc.md) | Com | $1.5m | 0.7% | 61,698 |  | Unchanged |
| BROOKFIELD WEALTH SOLUTIONS CL A ORD | Com | $50.6k | <0.1% | 1,187 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [NUTRIEN ORD (NTR)](/companies/ntr.md) | Com | $0 | 0.0% | 0 |  | Sold out −599,236 |
| VALARIS ORD | Com | $0 | 0.0% | 0 |  | Sold out −463,985 |

Source: SEC EDGAR, Form 13F-HR, accession 0001398344-26-014276. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.