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