Moerus Capital Management 13F annual report

Moerus Capital Management is an investment fund managing more than $277 billion ran by Julie Smith. There are currently 18 companies in Mrs. Smith’s portfolio. The largest investments include Jefferies Financial Group Ord and Wheaton Precious Metals Ord, together worth $98.8 billion.

$277 billion Assets Under Management (AUM)

As of 7th August 2024, Moerus Capital Management’s top holding is 1,070,224 shares of Jefferies Financial Group Ord currently worth over $53.3 billion and making up 19.2% of the portfolio value. In addition, the fund holds 868,948 shares of Wheaton Precious Metals Ord worth $45.6 billion. The third-largest holding is Cameco Ord worth $32.7 billion and the next is Nutrien Ord worth $31 billion, with 608,002 shares owned.

Currently, Moerus Capital Management's portfolio is worth at least $277 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Moerus Capital Management

The Moerus Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Julie Smith serves as the Chief Compliance Officer at Moerus Capital Management.

Recent trades

In the most recent 13F filing, Moerus Capital Management revealed that it had opened a new position in Grupo Financiero Adr Rep 10 Cl B Ord and bought 123,482 shares worth $3.77 billion.

The investment fund also strengthened its position in Nutrien Ord by buying 68,844 additional shares. This makes their stake in Nutrien Ord total 608,002 shares worth $31 billion.

On the other hand, there are companies that Moerus Capital Management is getting rid of from its portfolio. Moerus Capital Management closed its position in Spectrum Brands on 14th August 2024. It sold the previously owned 659,188 shares for $51.4 billion. Julie Smith also disclosed a decreased stake in Jefferies Financial Group Ord by 0.1%. This leaves the value of the investment at $53.3 billion and 1,070,224 shares.

One of the smaller hedge funds

The two most similar investment funds to Moerus Capital Management are Fortis Capital Advisors and Lfl Advisers. They manage $277 billion and $277 billion respectively.

The complete list of Moerus Capital Management trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Jefferies Financial Group Ord	13.54% 1,070,224	$53,254,346,000	19.22%
Spectrum Brands Holdings Inc.	Closed 659,188	$51,449,623,000
Wheaton Precious Metals Ord	3.12% 868,948	$45,550,254,000	16.44%
Cameco Ord	37.18% 663,719	$32,658,303,000	11.79%
Nutrien Ord	12.77% 608,002	$30,953,382,000	11.17%
Enerflex Ord	61.35% 5,514,672	$29,751,292,000	10.74%
Despegar Com Ord	52.08% 2,188,365	$28,952,069,000	10.45%
Arcos Dorados Holdings Cl A Ord	28.28% 2,075,985	$18,683,865,000	6.74%
Tidewater Ord	87.57% 98,934	$9,419,506,000	3.40%
Brookfield Cl A Ord	4.04% 180,277	$7,488,707,000	2.70%
Grupo Financiero Adr Rep 10 Cl B Ord	Opened 123,482	$3,773,610,000	1.36%
Teck Resources Cl B Ord	44.61% 69,190	$3,314,201,000	1.20%
Douglas Elliman Ord	Opened 2,620,870	$3,040,209,000	1.10%
Csw Industrials Ord	28.39% 11,188	$2,968,288,000	1.07%
Capital Southwest Ord	22.75% 82,097	$2,141,911,000	0.77%
Brookfield Asset Mngmt Cl A Ord	No change 47,197	$1,795,846,000	0.65%
Banco Macro Adr Rep Ten Cl B Ord	Opened 29,570	$1,695,248,000	0.61%
Copa Holdings Cl A Ord	20.13% 16,700	$1,589,506,000	0.57%
Brookfield Reinsrnc Ex Votn Cl A Ord	No change 971	$40,384,000	0.01%
No transactions found
Showing first 500 out of 19 holdings