Moerus Capital Management LLC — Q2 2020 13F Holdings

Name: Moerus Capital Management LLC — 13F Holdings, Q2 2020
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001742647

Total reported value

$270.8M

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	JEF	Jefferies Financial Group In	Stock-Financials	16.72%	-4.45%	-11.36%
2	SPB	Spectrum Brands Holdings INC	Stock-Other	14.87%	—	-20.31%
3	VIV	Telefonica Brasil-adr	Stock-Other	12.41%	—	-16.96%
4	NTR	Nutrien LTD	Stock-Materials	12.14%	+2.87%	-11.23%
5	ARCO	Arcos Dorados Holdings Inc.	Stock-Other	12.05%	+1.73%	-4.68%
6	CCJ	Cameco CORP	Stock-Energy	9.95%	—	-26.51%
7	TDW	Tidewater INC	Stock-Energy	7.62%	+1.10%	+19.45%
8	WPM	Wheaton Precious Metals CORP	Stock-Materials	7.22%	-4.25%	-41.60%
9	BAM	Brookfield Asset Management Ltd.	Stock-Financials	3.94%	—	+50.00%
10	CSW	Csw Industrials INC	Stock-Industrials	1.28%	-0.21%	—
11	CSWC	Capital Southwest CORP	Stock-Other	1.05%	-0.09%	—
12	✓	Despegar.com CORP	Stock-Other	0.75%	—	+34.30%

Position changes disclosed by Moerus Capital Management LLC for the quarter ending Q2 2020, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ARCO	Arcos Dorados Holdings Inc.	+3.2%	-4.68%	Trim
2	JEF	Jefferies Financial Group In	+2.2%	-11.36%	Trim
3	SPB	Spectrum Brands Holdings INC	+1.9%	-20.31%	Trim
4	CCJ	Cameco CORP	+1.1%	-26.51%	Trim
5	BAM	Brookfield Asset Management Ltd.	+0.8%	+50.00%	Add
6	TDW	Tidewater INC	+0.5%	+19.45%	Add
7	WPM	Wheaton Precious Metals CORP	+0.4%	-41.60%	Trim
8	✓	Despegar.com CORP	+0.4%	+34.30%	Add
9	CSWC	Capital Southwest CORP	+0.3%	—	Unchanged
10	CSW	Csw Industrials INC	+0.2%	—	Unchanged
11	NTR	Nutrien LTD	-0.6%	-11.23%	Trim
12	VIV	Telefonica Brasil-adr	-1.7%	-16.96%	Trim
13	BEN	Franklin Resources INC	—	EXIT	Sold out
14	GTE2EUR	Gran Tierra Energy INC	—	EXIT	Sold out