Moerus Capital Management
Amit Wadhwaney
Period
Q2 2026
Portfolio Date
Jun 30, 2026
Stocks Held
14
Market Value
$224.4M
Holdings Value Trend
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Top 5 Holdings
1
J
$JEF
Jefferies Financial Group Inc.
20.3%
% of Portfolio
Increased 17.15%
2C
$CNH
CNH Industrial N.V.
18.6%
% of Portfolio
New
3A
$ARCO
Arcos Dorados Holdings Inc.
15.4%
% of Portfolio
Increased 0.27%
4B
$BBD
Banco Bradesco S.A.
12.9%
% of Portfolio
Decreased 0.93%
5W
$WPM
Wheaton Precious Metals Corp.
10.1%
% of Portfolio
Decreased 13.64%
Historical Positions
| Symbol | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| JEF | 20.3% | 11.8% | 16.3% | 18.1% |
| CNH | 18.6% | - | - | - |
| ARCO | 15.4% | 13.0% | 11.3% | 9.1% |
| BBD | 12.9% | 11.3% | 11.9% | 14.0% |
| WPM | 10.1% | 11.3% | 15.6% | 18.1% |
| GFR | 5.6% | 5.5% | 3.5% | - |
| GGAL | 5.5% | 3.0% | - | - |
| BN | 4.3% | 3.4% | 4.5% | 4.4% |
| DOUG | 2.6% | - | 3.0% | 3.4% |
| TDW | 2.4% | 3.3% | 2.2% | 2.2% |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
VAL+149.72%
JEF+3.60%
WPM+33.77%
GFR+12.74%
BN-2.86%
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
CNH-2.49%
BBD-14.12%
GGAL-18.05%
ARCO-3.23%
Sector Analysis
Energy8.1%
Materials10.1%
Financials44.5%
Industrials19.4%
Real Estate2.6%
Consumer Discretionary15.4%