Portfolio (Quarterly) Guide ↗

Moerus Capital Management LLC

· CIK 0001742647

13F Portfolio $224M AUM 14 positions Filed Aug 13, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q1 2026 · All 1 New 3 Added 4 Reduced 2 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
1	VAL	VALARIS ORD	Energy	463,985	$45.5M	16.80%	SOLD
2	NTR	NUTRIEN ORD	Basic Materials	599,236	$45.2M	16.70%	SOLD

Sector Allocation

Financial Services 58.9%

Consumer Cyclical 20.7%

Basic Materials 13.7%

Real Estate 3.4%

Energy 3.3%