MOERUS CAPITAL MANAGEMENT LLC

PrivateCIK: 1742647

Location

NEW YORK, NY

Positions

$270.75M

Total AUM (reported)

20.80M

Total Shares

Allocation by class

COM$270.75M100.0%

Portfolio Concentration

Top 3$125.88M46.5%

4–10$134.76M49.8%

11–25$10.11M3.7%

Top 3 weight

46.5%

Top 10 weight

96.3%

Voting Authority Distribution

Total shares with voting rights: 20.80M

Sole

Full voting authority

19.98M

% of voting shares96.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

812.34K

% of voting shares3.9%

Investment Discretion (by position count)

Sole15

Shared0

Other0

Dominant voting typeSole · 96.1% of voting shares

Institutional Holdings15

Rows:

VALARIS ORD

SOLE

Com

Shares463.99K

TypeSH

Market value$45.49M

16.80%

Sole

453.87K

Shared

0.00

None

10.12K

NUTRIEN ORD

SOLE

Com

Shares599.24K

TypeSH

Market value$45.22M

16.70%

Sole

582.14K

Shared

0.00

None

17.10K

ARCOS DORADOS HOLDINGS CL A ORD

SOLE

Com

Shares4.26M

TypeSH

Market value$35.17M

12.99%

Sole

4.14M

Shared

0.00

None

120.11K

JEFFERIES FINANCIAL GROUP ORD

SOLE

Com

Shares777.07K

TypeSH

Market value$32.07M

11.84%

Sole

777.07K

Shared

0.00

None

0.00

WHEATON PRECIOUS METALS ORD

SOLE

Com

Shares234.65K

TypeSH

Market value$30.74M

11.35%

Sole

234.65K

Shared

0.00

None

0.00

BANCO BRADESCO ADR REPSTG 1 PRF

SOLE

Com

Shares8.41M

TypeSH

Market value$30.69M

11.33%

Sole

8.25M

Shared

0.00

None

153.07K

GREENFIRE RESOURCES ORD

SOLE

Com

Shares2.34M

TypeSH

Market value$14.84M

5.48%

Sole

2.13M

Shared

0.00

None

202.40K

BROOKFIELD CL A ORD

SOLE

Com

Shares227.94K

TypeSH

Market value$9.22M

3.41%

Sole

227.94K

Shared

0.00

None

0.00

TIDEWATER ORD

SOLE

Com

Shares107.99K

TypeSH

Market value$9.02M

3.33%

Sole

98.23K

Shared

0.00

None

9.76K

GRUPO FINANCIERO ADR REP 10 CL B ORD

SOLE

Com

Shares175.10K

TypeSH

Market value$8.18M

3.02%

Sole

161.24K

Shared

0.00

None

13.86K

DOUGLAS ELLIMAN ORD

SOLE

Com

Shares3.09M

TypeSH

Market value$5.07M

1.87%

Sole

2.81M

Shared

0.00

None

285.92K

BROOKFIELD ASSET MNGMT CL A ORD

SOLE

Com

Shares41.32K

TypeSH

Market value$1.84M

0.68%

Sole

41.32K

Shared

0.00

None

0.00

CSW INDUSTRIALS ORD

SOLE

Com

Shares6.85K

TypeSH

Market value$1.78M

0.66%

Sole

6.85K

Shared

0.00

None

0.00

CAPITAL SOUTHWEST ORD

SOLE

Com

Shares61.70K

TypeSH

Market value$1.36M

0.50%

Sole

61.70K

Shared

0.00

None

0.00

BROOKFIELD WEALTH SOLUTIONS CL A ORD

SOLE

Com

Shares1.19K

TypeSH

Market value$49.1K

0.02%

Sole

1.19K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VALARIS ORDSOLE	Com	463.99K	SH	$45.49M 16.80%	453.87K	10.12K
NUTRIEN ORDSOLE	Com	599.24K	SH	$45.22M 16.70%	582.14K	17.10K
ARCOS DORADOS HOLDINGS CL A ORDSOLE	Com	4.26M	SH	$35.17M 12.99%	4.14M	120.11K
JEFFERIES FINANCIAL GROUP ORDSOLE	Com	777.07K	SH	$32.07M 11.84%	777.07K	0.00
WHEATON PRECIOUS METALS ORDSOLE	Com	234.65K	SH	$30.74M 11.35%	234.65K	0.00
BANCO BRADESCO ADR REPSTG 1 PRFSOLE	Com	8.41M	SH	$30.69M 11.33%	8.25M	153.07K
GREENFIRE RESOURCES ORDSOLE	Com	2.34M	SH	$14.84M 5.48%	2.13M	202.40K
BROOKFIELD CL A ORDSOLE	Com	227.94K	SH	$9.22M 3.41%	227.94K	0.00
TIDEWATER ORDSOLE	Com	107.99K	SH	$9.02M 3.33%	98.23K	9.76K
GRUPO FINANCIERO ADR REP 10 CL B ORDSOLE	Com	175.10K	SH	$8.18M 3.02%	161.24K	13.86K
DOUGLAS ELLIMAN ORDSOLE	Com	3.09M	SH	$5.07M 1.87%	2.81M	285.92K
BROOKFIELD ASSET MNGMT CL A ORDSOLE	Com	41.32K	SH	$1.84M 0.68%	41.32K	0.00
CSW INDUSTRIALS ORDSOLE	Com	6.85K	SH	$1.78M 0.66%	6.85K	0.00
CAPITAL SOUTHWEST ORDSOLE	Com	61.70K	SH	$1.36M 0.50%	61.70K	0.00
BROOKFIELD WEALTH SOLUTIONS CL A ORDSOLE	Com	1.19K	SH	$49.1K 0.02%	1.19K	0.00