Moerus Capital Management LLC is an institutional investment manager that files quarterly 13F reports with the SEC. As of Q1 2026, the fund manages $271M in reported equity holdings across 15 positions. The largest holdings are VAL (16.8%), NTR (16.7%), ARCO (13.0%), JEF (11.8%), WPM (11.4%). The portfolio is concentrated in Other (68.5%), Energy (16.8%), Financial Services (14.7%). Data sourced from SEC EDGAR 13F filings (CIK 1742647).