Moerus Capital Management LLC — Q1 2021 13F Holdings

Name: Moerus Capital Management LLC — 13F Holdings, Q1 2021
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	SPB	Spectrum Brands Holdings INC	Stock-Other	17.55%	—	-4.52%
2	JEF	Jefferies Financial Group In	Stock-Financials	15.78%	-4.45%	-6.53%
3	NTR	Nutrien LTD	Stock-Materials	13.83%	+2.87%	-7.72%
4	TDW	Tidewater INC	Stock-Energy	13.00%	+1.10%	+3.43%
5	ARCO	Arcos Dorados Holdings Inc.	Stock-Other	11.38%	+1.73%	-1.40%
6	CCJ	Cameco CORP	Stock-Energy	9.42%	—	-7.22%
7	VIV	Telefonica Brasil-adr	Stock-Other	7.99%	—	-12.11%
8	WPM	Wheaton Precious Metals CORP	Stock-Materials	3.88%	-4.25%	-10.80%
9	BAM	Brookfield Asset Management Ltd.	Stock-Financials	3.58%	—	+19.01%
10	CSW	Csw Industrials INC	Stock-Industrials	1.24%	-0.21%	+1.59%
11	CSWC	Capital Southwest CORP	Stock-Other	1.12%	-0.09%	+14.98%
12	✓	Despegar.com CORP	Stock-Other	0.86%	—	—
13	CPA	Copa Holdings, S.A.	Stock-Other	0.37%	—	—

Position changes disclosed by Moerus Capital Management LLC for the quarter ending Q1 2021, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TDW	Tidewater INC	+3.9%	+3.43%	Add
2	JEF	Jefferies Financial Group In	+1.3%	-6.53%	Trim
3	BAM	Brookfield Asset Management Ltd.	+0.7%	+19.01%	Add
4	CSWC	Capital Southwest CORP	+0.3%	+14.98%	Add
5	CSW	Csw Industrials INC	+0.2%	+1.59%	Add
6	✓	Despegar.com CORP	0%	—	Unchanged
7	CPA	Copa Holdings, S.A.	—	—	Unchanged
8	NTR	Nutrien LTD	-0.2%	-7.72%	Trim
9	SPB	Spectrum Brands Holdings INC	-0.3%	-4.52%	Trim
10	ARCO	Arcos Dorados Holdings Inc.	-0.6%	-1.40%	Trim
11	WPM	Wheaton Precious Metals CORP	-1.1%	-10.80%	Trim
12	CCJ	Cameco CORP	-1.5%	-7.22%	Trim
13	VIV	Telefonica Brasil-adr	-2.7%	-12.11%	Trim