Lesa Sroufe & Co

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 6, 2024), Lesa Sroufe & Co reported 74 stock positions worth $104.6 million. Its top holding was Microsoft (MSFT) at 9.2% of the portfolio, followed by Range Resources (RRC, 4.3%) and Banco Bilbao Vizcaya-SP ADR (BBVA, 3.9%). Compared with Q4 2023, it opened 9 new positions, added to 14 and reduced 20. The biggest buy was a new position in Black Hills (BKH) and the biggest sale Microsoft (MSFT, shares −12%).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001492162
Portfolio Value
$104.6M (Q1 2024)
SEC Filing
0001492162-24-000002 ↗ filed May 6, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $104.6M $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 Q2 2026

Holdings 74 stocks · $104.6M
MSFT Microsoft Corp. 9.20% 22,861 $9.6M Reduce -11.6%
RRC Range Resources Corp. 4.33% 131,590 $4.5M Reduce -0.2%
BBVA Banco Bilbao Vizcaya-SP ADR 3.86% 340,952 $4.0M Reduce -0.7%
PBR Petroleo Brasileiro-Spon ADR 3.69% 253,913 $3.9M Reduce -0.0%
CX Cemex Sab-Spons ADR Part Cer 3.45% 400,951 $3.6M Add +0.4%
INSW International Seaways Inc. 3.30% 64,801 $3.4M Reduce -0.3%
INTC Intel Corp. 3.24% 76,751 $3.4M Add +0.4%
MTB M & T Bank Corp. filed as M & T BK CORP 3.18% 22,853 $3.3M No change
BG Bunge Ltd. 3.10% 31,626 $3.2M Reduce -0.3%
PAAS Pan American Silver Corp. 3.01% 208,800 $3.1M Reduce -0.5%
AU Anglogold Ashanti PLC 2.89% 136,068 $3.0M Reduce -0.0%
SLV iShares Silver Trust 2.87% 132,042 $3.0M Reduce -0.0%
TPC Tutor Perini Corp. 2.83% 204,919 $3.0M Add +3.7%
NEM Newmont Corp. 2.83% 82,612 $3.0M Reduce -0.1%
NTR Nutrien Ltd. 2.74% 52,795 $2.9M Reduce -0.0%
AMGN Amgen Inc. 2.31% 8,490 $2.4M No change
HL Hecla Mining Co. 2.28% 495,014 $2.4M Add +0.0%
BKH Black Hills Corp. 2.25% 43,063 $2.4M New
VIV Telefonica Brasil-ADR 2.22% 230,568 $2.3M Add +0.3%
BANCOLOMBIA S.A.-SPONS ADR 2.12% 64,784 $2.2M New
FLR Fluor Corp. 2.06% 50,950 $2.2M Add +0.6%
ENIC Enel Chile SA-ADR 2.02% 694,148 $2.1M Reduce -0.2%
PROSHARES SHORT S&P500 1.97% 173,315 $2.1M Add +2.0%
DRIL-QUIP INC 1.89% 87,850 $2.0M Reduce -0.1%
DSX Diana Shipping Inc. 1.87% 677,455 $2.0M Reduce -0.2%
PROSHARES SHORT QQQ 1.71% 204,069 $1.8M Add +1.7%
DOLE Dole PLC 1.55% 135,746 $1.6M Reduce -0.1%
SWBI Smith & Wesson Brands Inc. 1.45% 87,583 $1.5M Reduce -0.3%
NOK Nokia Corp.-Spon ADR 1.40% 412,462 $1.5M Add +3.5%
AA Alcoa Corp. 1.31% 40,609 $1.4M Reduce -0.5%
HTLD Heartland Express Inc. 1.30% 113,694 $1.4M Add +3.1%
RDUS Radius Recycling Inc. Class A 1.26% 62,506 $1.3M Reduce -0.1%
AAPL Apple Inc. 1.12% 6,849 $1.2M Add +0.0%
MCD McDonald's Corp. 0.86% 3,188 $899K No change
MRK Merck & Co. Inc. 0.64% 5,100 $673K No change
PEP Pepsico Inc. 0.62% 3,727 $652K No change
BRK.A 1/100 Berkshire HTWY A Class A 0.61% 100 $634K No change
PG The Procter & Gamble Co. 0.57% 3,685 $598K No change
JNJ Johnson & Johnson 0.54% 3,581 $567K No change
UNH Unitedhealth Group Inc. 0.48% 1,025 $507K No change
ABBV Abbvie Inc. 0.45% 2,599 $473K No change
SCHX Schwab US Large-Cap ETF 0.43% 7,192 $446K Reduce -1.2%
AMZN Amazon.com Inc. 0.40% 2,340 $422K No change
CVX Chevron Corp. 0.37% 2,458 $388K No change
SYY Sysco Corp. 0.37% 4,781 $388K No change
BKUTK Bank Utica N Y filed as BANK OF UTICA N Y 0.36% 1,000 $380K No change
ORCL Oracle Corp. 0.33% 2,736 $344K No change
XOM Exxon Mobil Corp. 0.32% 2,860 $332K No change
CVS CVS Health Corp. 0.31% 4,125 $329K No change
GLD SPDR Gold Shares 0.31% 1,600 $329K No change
VGT Vanguard Info Tech ETF 0.31% 619 $325K No change
TMO Thermo Fisher Scientific Inc. 0.29% 530 $308K No change
ABT Abbott Laboratories 0.29% 2,689 $306K No change
BRT BRT Apartments Corp. 0.28% 17,500 $294K No change
AI C3.AI Inc. Class A 0.26% 10,234 $277K Add +12.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 2,231 $273K No change
TTE Totalenergies SE -Spon ADR 0.26% 3,938 $271K Reduce -0.8%
NVDA Nvidia Corp. 0.25% 289 $262K New
MDY State Street SPDR S&P Midcap 0.25% 470 $262K No change
TSCO Tractor Supply Company 0.25% 1,000 $262K No change
ASRV Ameriserv Financial Inc. 0.25% 100,000 $260K No change
BA The Boeing Co. 0.25% 1,344 $259K No change
SCHF Schwab Intl Equity ETF 0.22% 5,973 $233K Add +0.1%
KO The Coca-Cola Co. 0.22% 3,737 $229K No change
COST Costco Wholesale Corp. 0.22% 310 $227K New
WBA Walgreens Boots Alliance Inc. 0.21% 10,189 $221K No change
JPM JPMorgan Chase & Co. 0.20% 1,061 $213K New
IAU iShares Gold Trust 0.20% 5,025 $211K New
VUG Vanguard Mrngstar GR ETF-Sui 0.20% 609 $210K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.20% 1,095 $209K New
CSCO Cisco Systems Inc. 0.20% 4,087 $204K No change
BRK.B Berkshire Hathaway Inc. Class B 0.19% 480 $202K New
SWN Southwestern Energy Co. 0.11% 14,790 $112K No change
LAZ Lazard Inc. 0.00% 54,855 $2K Add +4.2%

Portfolio Sells Q4 2023 → Q1 2024
MSFT Microsoft Corp. Reduce -11.6% 9.20% −0.73
RDUS Radius Recycling Inc. Class A Reduce -0.1% 1.26% −0.66
NEM Newmont Corp. Reduce -0.1% 2.83% −0.66
PAAS Pan American Silver Corp. Reduce -0.5% 3.01% −0.48
PBR Petroleo Brasileiro-Spon ADR Reduce -0.0% 3.69% −0.44
NTR Nutrien Ltd. Reduce -0.0% 2.74% −0.29
ENIC Enel Chile SA-ADR Reduce -0.2% 2.02% −0.27
DRIL-QUIP INC Reduce -0.1% 1.89% −0.20
DSX Diana Shipping Inc. Reduce -0.2% 1.87% −0.19
BG Bunge Ltd. Reduce -0.3% 3.10% −0.17
DOLE Dole PLC Reduce -0.1% 1.55% −0.16
AA Alcoa Corp. Reduce -0.5% 1.31% −0.10
SLV iShares Silver Trust Reduce -0.0% 2.87% −0.06
TTE Totalenergies SE -Spon ADR Reduce -0.8% 0.26% −0.01
SCHX Schwab US Large-Cap ETF Reduce -1.2% 0.43% +0.01
RRC Range Resources Corp. Reduce -0.2% 4.33% +0.24
SWBI Smith & Wesson Brands Inc. Reduce -0.3% 1.45% +0.24
INSW International Seaways Inc. Reduce -0.3% 3.30% +0.28
AU Anglogold Ashanti PLC Reduce -0.0% 2.89% +0.29
BBVA Banco Bilbao Vizcaya-SP ADR Reduce -0.7% 3.86% +0.67

Portfolio Buys Q4 2023 → Q1 2024
BKH Black Hills Corp. New 2.25% +2.25
BANCOLOMBIA S.A.-SPONS ADR New 2.12% +2.12
TPC Tutor Perini Corp. Add +3.7% 2.83% +1.00
CX Cemex Sab-Spons ADR Part Cer Add +0.4% 3.45% +0.30
NVDA Nvidia Corp. New 0.25% +0.25
COST Costco Wholesale Corp. New 0.22% +0.22
JPM JPMorgan Chase & Co. New 0.20% +0.20
IAU iShares Gold Trust New 0.20% +0.20
VUG Vanguard Mrngstar GR ETF-Sui New 0.20% +0.20
IBM Intl Business Machines Corp. New 0.20% +0.20
BRK.B Berkshire Hathaway Inc. Class B New 0.19% +0.19
FLR Fluor Corp. Add +0.6% 2.06% +0.04
NOK Nokia Corp.-Spon ADR Add +3.5% 1.40% +0.01
AI C3.AI Inc. Class A Add +12.3% 0.26% −0.00
SCHF Schwab Intl Equity ETF Add +0.1% 0.22% −0.00
HL Hecla Mining Co. Add +0.0% 2.28% −0.15
AAPL Apple Inc. Add +0.0% 1.12% −0.22
PROSHARES SHORT QQQ Add +1.7% 1.71% −0.23
PROSHARES SHORT S&P500 Add +2.0% 1.97% −0.29
HTLD Heartland Express Inc. Add +3.1% 1.30% −0.31
VIV Telefonica Brasil-ADR Add +0.3% 2.22% −0.35
INTC Intel Corp. Add +0.4% 3.24% −0.68
LAZ Lazard Inc. Add +4.2% 0.00% −1.87

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