Lesa Sroufe & Co

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), Lesa Sroufe & Co reported 67 stock positions worth $140.2 million. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Newmont (NEM, 5.6%) and Anglogold Ashanti (AU, 5.0%). Compared with Q1 2026, it opened 6 new positions, sold out of 7, added to 29 and reduced 3. The biggest buy was a new position in Mobileye Global Class A (MBLY) and the biggest sale an exit from Totalenergies (TTE).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001492162
Portfolio Value
$140.2M (Q2 2026)
SEC Filing
0001492162-26-000003 ↗ filed Jul 22, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $104.6M Q1 2024 Q2 2024: $103.0M Q2 2024 Q3 2024: $107.1M Q3 2024 Q1 2025: $100.2M Q1 2025 Q2 2025: $108.8M Q2 2025 Q3 2025: $123.8M Q3 2025 Q4 2025: $134.3M Q4 2025 Q1 2026: $146.9M Q1 2026 Q2 2026: $140.2M $140.2M Q2 2026

Holdings 67 stocks · $140.2M
MSFT Microsoft Corp. 6.27% 23,584 $8.8M Reduce -4.9%
NEM Newmont Corp. 5.60% 84,044 $7.8M Add +3.2%
AU Anglogold Ashanti PLC 5.01% 86,896 $7.0M Add +2.6%
PAAS Pan American Silver Corp. 4.81% 150,612 $6.7M Add +3.6%
MTB M & T Bank Corp. filed as M & T BK CORP 4.26% 25,074 $6.0M Reduce -3.1%
CIB Grupo Cibest SA-ADR 3.90% 68,797 $5.5M Add +3.3%
SLV iShares Silver Trust 3.79% 99,461 $5.3M Add +2.9%
PBR Petroleo Brasileiro-Spon ADR 3.41% 296,011 $4.8M Add +2.7%
INSW International Seaways Inc. 3.37% 61,628 $4.7M Add +3.3%
CX Cemex Sab-Spons ADR Part Cer 3.35% 391,799 $4.7M Add +2.9%
FLR Fluor Corp. 3.34% 89,330 $4.7M Add +43.7%
ALK Alaska Air Group Inc. 3.26% 87,688 $4.6M Add +4.1%
AA Alcoa Corp. 2.97% 79,928 $4.2M Add +2.9%
HL Hecla Mining Co. 2.83% 257,071 $4.0M Add +3.4%
RRC Range Resources Corp. 2.75% 103,808 $3.9M Add +3.1%
HTLD Heartland Express Inc. 2.58% 237,729 $3.6M Add +3.4%
BKH Black Hills Corp. 2.56% 48,246 $3.6M Add +3.0%
MBLY Mobileye Global Inc. Class A 2.42% 350,045 $3.4M New
NTR Nutrien Ltd. 2.40% 53,387 $3.4M Add +2.7%
TPC Tutor Perini Corp. 2.33% 39,362 $3.3M Add +4.2%
BG Bunge Global SA 2.32% 30,470 $3.3M Add +2.6%
INVX Innovex International Inc. 2.23% 126,150 $3.1M Add +2.7%
AMGN Amgen Inc. 2.19% 8,490 $3.1M No change
NWE Northwestern Energy Group Inc. 2.14% 41,857 $3.0M Add +3.0%
PSQ Proshares Short QQQ 2.01% 112,471 $2.8M Add +3.5%
HE Hawaiian Electric Inds 1.93% 200,306 $2.7M Add +3.3%
SJT San Juan Basin Royalty TR 1.33% 581,264 $1.9M Add +67.6%
DOLE Dole PLC 1.33% 135,817 $1.9M Add +4.0%
AAPL Apple Inc. 1.24% 5,993 $1.7M Add +0.0%
SWBI Smith & Wesson Brands Inc. 0.92% 86,094 $1.3M Add +3.0%
MRK Merck & Co. Inc. 0.69% 30,189 $964K Add +232.9%
JNJ Johnson & Johnson 0.65% 3,581 $910K No change
MCD McDonald's Corp. 0.61% 3,188 $862K No change
GLD SPDR Gold Shares 0.56% 2,124 $782K Reduce -3.4%
PCAR Paccar Inc. 0.54% 6,290 $756K No change
BRK.A Berkshire Hathaway Inc. Class A 0.53% 1 $749K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.50% 7,608 $697K New
ABBV Abbvie Inc. 0.47% 2,599 $654K No change
BKUTK Bank Utica N Y 0.45% 1,000 $630K No change
AMZN Amazon.com Inc. 0.39% 2,264 $540K No change
PG The Procter & Gamble Co. 0.37% 3,583 $525K No change
PEP Pepsico Inc. 0.35% 3,572 $484K No change
CVX Chevron Corp. 0.34% 2,888 $479K Add +16.2%
CSCO Cisco Systems Inc. 0.33% 3,967 $466K New
CVS CVS Health Corp. 0.29% 3,965 $410K No change
SYY Sysco Corp. 0.29% 4,781 $400K No change
GAFFX Amer FND GRW FD of Am-F3 0.28% 4,509 $398K No change
ASRV Ameriserv Financial Inc. 0.28% 100,000 $388K No change
IAU iShares Gold Trust 0.28% 5,142 $388K No change
ORCL Oracle Corp. 0.26% 2,441 $358K No change
JPM JPMorgan Chase & Co. 0.25% 1,061 $347K No change
MDY State Street SPDR S&P Midcap 0.24% 470 $331K No change
NVDA Nvidia Corp. 0.21% 1,484 $297K Add +0.1%
BA The Boeing Co. 0.20% 1,312 $284K No change
CCJ Cameco Corp. 0.20% 2,690 $274K No change
LNG Cheniere Energy Inc. 0.18% 1,043 $249K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 880 $247K No change
ORA Ormat Technologies Inc. 0.18% 2,270 $247K No change
ABT Abbott Laboratories 0.17% 2,689 $244K No change
BRK.B Berkshire Hathaway Inc. Class B 0.17% 480 $240K No change
SCHX Schwab US Large-Cap ETF 0.16% 7,831 $230K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 2,231 $215K No change
GE General Electric filed as GE AEROSPACE 0.15% 570 $213K New
BRT BRT Apartments Corp. 0.15% 13,479 $207K No change
DBLSX Doubleline Low Dur BND-I 0.07% 10,273 $99K New
ENIC Enel Chile SA-ADR 0.04% 12,235 $55K No change
SEAOF Seaco Ltd. 0.00% 20,000 $0 No change

Portfolio Sells Q1 2026 → Q2 2026
TTE Totalenergies SE Sold out 0.00% −2.96
VIV Telefonica Brasil-ADR Sold out 0.00% −2.48
VT Vanguard Tot World STK ETF Sold out 0.00% −0.36
VGT Vanguard Info Tech ETF Sold out 0.00% −0.26
VTIAX Vanguard TTL Int St Idx-Adm Sold out 0.00% −0.20
XOM Exxon Mobil Corp. Sold out 0.00% −0.20
COMP Compass Inc. Class A Sold out 0.00% −0.12
GLD SPDR Gold Shares Reduce -3.4% 0.56% −0.09
MSFT Microsoft Corp. Reduce -4.9% 6.27% +0.02
MTB M & T Bank Corp. Reduce -3.1% 4.26% +0.61

Portfolio Buys Q1 2026 → Q2 2026
MBLY Mobileye Global Inc. Class A New 2.42% +2.42
FLR Fluor Corp. Add +43.7% 3.34% +1.36
ALK Alaska Air Group Inc. Add +4.1% 3.26% +1.16
HTLD Heartland Express Inc. Add +3.4% 2.58% +0.95
CIB Grupo Cibest SA-ADR Add +3.3% 3.90% +0.60
BIL SS SPDR BB 1-3M T-Bill ETF New 0.50% +0.50
INSW International Seaways Inc. Add +3.3% 3.37% +0.41
CX Cemex Sab-Spons ADR Part Cer Add +2.9% 3.35% +0.39
BKH Black Hills Corp. Add +3.0% 2.56% +0.35
TPC Tutor Perini Corp. Add +4.2% 2.33% +0.34
CSCO Cisco Systems Inc. New 0.33% +0.33
NWE Northwestern Energy Group Inc. Add +3.0% 2.14% +0.31
AAPL Apple Inc. Add +0.0% 1.24% +0.20
SJT San Juan Basin Royalty TR Add +67.6% 1.33% +0.20
INVX Innovex International Inc. Add +2.7% 2.23% +0.19
SCHX Schwab US Large-Cap ETF New 0.16% +0.16
GE General Electric New 0.15% +0.15
SWBI Smith & Wesson Brands Inc. Add +3.0% 0.92% +0.11
DBLSX Doubleline Low Dur BND-I New 0.07% +0.07
MRK Merck & Co. Inc. Add +232.9% 0.69% +0.06
DOLE Dole PLC Add +4.0% 1.33% +0.06
NVDA Nvidia Corp. Add +0.1% 0.21% +0.04
CVX Chevron Corp. Add +16.2% 0.34% −0.01
HE Hawaiian Electric Inds Add +3.3% 1.93% −0.03
BG Bunge Global SA Add +2.6% 2.32% −0.25
NTR Nutrien Ltd. Add +2.7% 2.40% −0.27
HL Hecla Mining Co. Add +3.4% 2.83% −0.32
RRC Range Resources Corp. Add +3.1% 2.75% −0.34
PSQ Proshares Short QQQ Add +3.5% 2.01% −0.37
NEM Newmont Corp. Add +3.2% 5.60% −0.40
AA Alcoa Corp. Add +2.9% 2.97% −0.53
PAAS Pan American Silver Corp. Add +3.6% 4.81% −0.60
AU Anglogold Ashanti PLC Add +2.6% 5.01% −0.60
PBR Petroleo Brasileiro-Spon ADR Add +2.7% 3.41% −0.66
SLV iShares Silver Trust Add +2.9% 3.79% −0.69

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 67$140.2MMSFT, NEM, AU, PAAS, MTB
Q1 2026 68$146.9MMSFT, NEM, AU, PAAS, SLV
Q4 2025 69$134.3MMSFT, HL, NEM, PAAS, AU
Q3 2025 69$123.8MMSFT, PAAS, NEM, AU, HL
Q2 2025 70$108.8MMSFT, AU, PAAS, NEM, MTB
Q1 2025 70$100.2MMSFT, PAAS, PBR, AU, BBVA
Q3 2024 74$107.1MMSFT, TPC, NEM, PAAS, MTB
Q2 2024 71$103.0MMSFT, TPC, RRC, PAAS, INSW
Q1 2024 74$104.6MMSFT, RRC, BBVA, PBR, CX