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Moerus Capital Management LLC

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13F filer, CIK 1742647, NEW YORK, NY

Moerus Capital Management LLC reported $224,381,064 across 14 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-13. Its ten largest share positions make up 97.65% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-26-014276

Period
2026-06-30
Reported value
$224M
Holdings
14
Top 10 weight
97.65%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CNHnew+3,705,690$41.6M
JEFadded+133,302$6.66M
GGALadded+71,389$3.57M
DOUGadded+148,600$263K
ARCOadded+11,690$94.2K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
VALexited-463,985-$45.5M
NTRexited-599,236-$45.2M
WPMreduced-32,017-$3.6M
TDWreduced-25,741-$1.72M
GFRreduced-103,527-$585K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001398344-26-014276, largest first. % of portfolio is the value over $224,381,064, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
JEFJEFFERIES FINANCIAL GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 983,288 shares; 2024Q4: 640,204 shares; 2025Q1: 574,253 shares; 2025Q2: 665,854 shares; 2025Q3: 679,843 shares; 2025Q4: 609,721 shares; 2026Q1: 777,068 shares; 2026Q2: 910,370 shares 910,370$45.5M20.28%+133,302Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 3,705,690 shares 3,705,690$41.6M18.55%newTimeline
ARCOARCOS DORADOS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,912,542 shares; 2024Q4: 2,122,675 shares; 2025Q1: 3,552,013 shares; 2025Q2: 3,327,551 shares; 2025Q3: 3,329,994 shares; 2025Q4: 3,556,906 shares; 2026Q1: 4,263,589 shares; 2026Q2: 4,275,279 shares 4,275,279$34.5M15.36%+11,690Timeline
BBDBANCO BRADESCO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 12,274,580 shares; 2025Q2: 10,263,176 shares; 2025Q3: 10,207,990 shares; 2025Q4: 8,303,820 shares; 2026Q1: 8,407,720 shares; 2026Q2: 8,329,722 shares 8,329,722$28.9M12.88%-77,998Timeline
WPMWHEATON PRECIOUS METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 793,724 shares; 2024Q4: 714,115 shares; 2025Q1: 709,192 shares; 2025Q2: 488,154 shares; 2025Q3: 398,347 shares; 2025Q4: 307,902 shares; 2026Q1: 234,645 shares; 2026Q2: 202,628 shares 202,628$22.8M10.14%-32,017Timeline
GFRGREENFIRE RES LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,693,492 shares; 2026Q1: 2,335,804 shares; 2026Q2: 2,232,277 shares 2,232,277$12.6M5.62%-103,527Timeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 120,217 shares; 2024Q4: 61,878 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 175,098 shares; 2026Q2: 246,487 shares 246,487$12.3M5.5%+71,389Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 180,277 shares; 2024Q4: 157,151 shares; 2025Q1: 157,151 shares; 2025Q2: 157,151 shares; 2025Q3: 157,151 shares; 2025Q4: 227,939 shares; 2026Q1: 227,939 shares; 2026Q2: 227,939 shares 227,939$9.71M4.33%0Timeline
DOUGDOUGLAS ELLIMAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,490,811 shares; 2024Q4: 2,163,109 shares; 2025Q1: 2,949,388 shares; 2025Q2: 3,150,025 shares; 2025Q3: 2,925,990 shares; 2025Q4: 2,925,990 shares; 2026Q1: 3,092,490 shares; 2026Q2: 3,241,090 shares 3,241,090$5.74M2.56%+148,600Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 102,229 shares; 2025Q2: 102,229 shares; 2025Q3: 102,229 shares; 2025Q4: 102,229 shares; 2026Q1: 107,992 shares; 2026Q2: 82,251 shares 82,251$5.48M2.44%-25,741Timeline
CSWCSW INDUSTRIALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 8,565 shares; 2024Q4: 7,780 shares; 2025Q1: 7,780 shares; 2025Q2: 7,780 shares; 2025Q3: 7,780 shares; 2025Q4: 6,847 shares; 2026Q1: 6,847 shares; 2026Q2: 6,847 shares 6,847$1.91M0.85%0Timeline
BAMBROOKFIELD ASSET MANAGMT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 47,197 shares; 2024Q4: 41,366 shares; 2025Q1: 41,366 shares; 2025Q2: 41,366 shares; 2025Q3: 41,366 shares; 2025Q4: 41,318 shares; 2026Q1: 41,318 shares; 2026Q2: 41,318 shares 41,318$1.85M0.83%0Timeline
CSWCCAPITAL SOUTHWEST CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 82,097 shares; 2024Q4: 73,983 shares; 2025Q1: 73,983 shares; 2025Q2: 73,983 shares; 2025Q3: 73,983 shares; 2025Q4: 61,698 shares; 2026Q1: 61,698 shares; 2026Q2: 61,698 shares 61,698$1.47M0.65%0Timeline
BNTBROOKFIELD WEALTH SOL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 971 shares; 2024Q4: 971 shares; 2025Q1: 971 shares; 2025Q2: 971 shares; 2025Q3: 971 shares; 2025Q4: 1,187 shares; 2026Q1: 1,187 shares; 2026Q2: 1,187 shares 1,187$50.6K0.02%0Timeline

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VALVALARIS LTD463,985$45.5Mshares
NTRNUTRIEN LTD599,236$45.2Mshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001398344-26-014276 base2026-08-13acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001398344-26-014276 Quarter ended 2026-06-302026-08-13acceptance time not in the bulk data set
13F-HR 0001398344-26-009117 Quarter ended 2026-03-312026-05-14acceptance time not in the bulk data set
13F-HR 0001398344-26-002850 Quarter ended 2025-12-312026-02-12acceptance time not in the bulk data set
13F-HR 0001398344-25-020817 Quarter ended 2025-09-302025-11-13acceptance time not in the bulk data set
13F-HR 0001398344-25-014907 Quarter ended 2025-06-302025-08-11acceptance time not in the bulk data set
13F-HR 0001398344-25-009252 Quarter ended 2025-03-312025-05-13acceptance time not in the bulk data set
13F-HR 0001398344-25-002605 Quarter ended 2024-12-312025-02-13acceptance time not in the bulk data set
13F-HR 0001398344-24-020707 Quarter ended 2024-09-302024-11-14acceptance time not in the bulk data set
13F-HR 0001398344-24-014595 Quarter ended 2024-06-302024-08-14acceptance time not in the bulk data set
13F-HR 0001398344-24-009626 Quarter ended 2024-03-312024-05-15acceptance time not in the bulk data set
13F-HR 0001398344-24-002884 Quarter ended 2023-12-312024-02-14acceptance time not in the bulk data set
13F-HR 0001398344-23-020621 Quarter ended 2023-09-302023-11-14acceptance time not in the bulk data set
13F-HR 0001398344-23-014731 Quarter ended 2023-06-302023-08-14acceptance time not in the bulk data set
13F-HR 0001398344-23-009910 Quarter ended 2023-03-312023-05-16acceptance time not in the bulk data set
13F-HR 0001398344-23-003148 Quarter ended 2022-12-312023-02-14acceptance time not in the bulk data set
13F-HR 0001398344-22-021943 Quarter ended 2022-09-302022-11-14acceptance time not in the bulk data set
13F-HR 0001398344-22-015551 Quarter ended 2022-06-302022-08-15acceptance time not in the bulk data set
13F-HR 0001398344-22-009629 Quarter ended 2022-03-312022-05-16acceptance time not in the bulk data set
13F-HR 0001398344-22-002703 Quarter ended 2021-12-312022-02-11acceptance time not in the bulk data set
13F-HR 0001398344-21-021461 Quarter ended 2021-09-302021-11-15acceptance time not in the bulk data set
13F-HR 0001398344-21-016224 Quarter ended 2021-06-302021-08-16acceptance time not in the bulk data set
13F-HR 0001398344-21-010824 Quarter ended 2021-03-312021-05-17acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005786 Quarter ended 2020-06-302021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005777 Quarter ended 2019-03-312021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005784 Quarter ended 2018-12-312021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005787 Quarter ended 2020-03-312021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005792 Quarter ended 2020-12-312021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005791 Quarter ended 2019-09-302021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005778 Quarter ended 2019-06-302021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005779 Quarter ended 2020-09-302021-03-05acceptance time not in the bulk data set
13F-HR/A 0001398344-21-005783 Quarter ended 2019-12-312021-03-05acceptance time not in the bulk data set
13F-HR 0001398344-21-003457 Quarter ended 2020-12-312021-02-16acceptance time not in the bulk data set
13F-HR 0001398344-20-022761 Quarter ended 2020-09-302020-11-16acceptance time not in the bulk data set
13F-HR 0001398344-20-015786 Quarter ended 2020-06-302020-08-14acceptance time not in the bulk data set
13F-HR 0001398344-20-010231 Quarter ended 2020-03-312020-05-15acceptance time not in the bulk data set
13F-HR 0001398344-20-003332 Quarter ended 2019-12-312020-02-14acceptance time not in the bulk data set
13F-HR 0001398344-19-020209 Quarter ended 2019-09-302019-11-14acceptance time not in the bulk data set
13F-HR 0001398344-19-014228 Quarter ended 2019-06-302019-08-14acceptance time not in the bulk data set
13F-HR 0001398344-19-008751 Quarter ended 2019-03-312019-05-14acceptance time not in the bulk data set
13F-HR 0001398344-19-002718 Quarter ended 2018-12-312019-02-14acceptance time not in the bulk data set