Lesa Sroufe & Co

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 9, 2024), Lesa Sroufe & Co reported 71 stock positions worth $103.0 million. Its top holding was Microsoft (MSFT) at 9.9% of the portfolio, followed by Tutor Perini (TPC, 4.3%) and Range Resources (RRC, 4.2%). Compared with Q1 2024, it opened 2 new positions, sold out of 5, added to 6 and reduced 29. The biggest buy was a new position in San Juan Basin Royalty TR (SJT) and the biggest sale an exit from Bancolombia S.A.-Spons ADR.

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001492162
Portfolio Value
$103.0M (Q2 2024)
SEC Filing
0001492162-24-000003 ↗ filed Jul 9, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $104.6M Q1 2024 Q2 2024: $103.0M $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 71 stocks · $103.0M
MSFT Microsoft Corp. 9.92% 22,861 $10.2M No change
TPC Tutor Perini Corp. 4.29% 202,605 $4.4M Reduce -1.1%
RRC Range Resources Corp. 4.19% 128,782 $4.3M Reduce -2.1%
PAAS Pan American Silver Corp. 3.98% 206,336 $4.1M Reduce -1.2%
INSW International Seaways Inc. 3.63% 63,221 $3.7M Reduce -2.4%
PBR Petroleo Brasileiro-Spon ADR 3.51% 249,723 $3.6M Reduce -1.6%
MTB M & T Bank Corp. filed as M & T BK CORP 3.36% 22,853 $3.5M No change
SLV iShares Silver Trust 3.35% 129,787 $3.4M Reduce -1.7%
NEM Newmont Corp. 3.32% 81,641 $3.4M Reduce -1.2%
AU Anglogold Ashanti PLC 3.28% 134,258 $3.4M Reduce -1.3%
BBVA Banco Bilbao Vizcaya-SP ADR 3.27% 335,441 $3.4M Reduce -1.6%
BG Bunge Ltd. 3.23% 31,115 $3.3M Reduce -1.6%
AMGN Amgen Inc. 2.58% 8,490 $2.7M No change
NTR Nutrien Ltd. 2.57% 51,909 $2.6M Reduce -1.7%
CX Cemex Sab-Spons ADR Part Cer 2.45% 394,383 $2.5M Reduce -1.6%
HL Hecla Mining Co. 2.30% 487,925 $2.4M Reduce -1.4%
BKH Black Hills Corp. 2.29% 43,294 $2.4M Add +0.5%
INTC Intel Corp. 2.27% 75,431 $2.3M Reduce -1.7%
FLR Fluor Corp. 2.13% 50,356 $2.2M Reduce -1.2%
LAZ Lazard Inc. 2.01% 54,225 $2.1M Reduce -1.1%
ENIC Enel Chile SA-ADR 1.90% 700,000 $2.0M Add +0.8%
DSX Diana Shipping Inc. 1.84% 662,657 $1.9M Reduce -2.2%
VIV Telefonica Brasil-ADR 1.81% 226,677 $1.9M Reduce -1.7%
DOLE Dole PLC 1.58% 133,212 $1.6M Reduce -1.9%
DRIL-QUIP INC 1.56% 86,309 $1.6M Reduce -1.8%
AA Alcoa Corp. 1.55% 40,167 $1.6M Reduce -1.1%
PROSHARES SHORT QQQ 1.54% 39,169 $1.6M Reduce -80.8%
NOK Nokia Corp.-Spon ADR 1.49% 405,631 $1.5M Reduce -1.7%
AAPL Apple Inc. 1.38% 6,757 $1.4M Reduce -1.3%
HTLD Heartland Express Inc. 1.34% 111,952 $1.4M Reduce -1.5%
SWBI Smith & Wesson Brands Inc. 1.22% 87,627 $1.3M Add +0.1%
SJT San Juan Basin Royalty TR 1.07% 271,956 $1.1M New
RDUS Radius Recycling Inc. Class A 0.91% 61,565 $940K Reduce -1.5%
MCD McDonald's Corp. 0.79% 3,188 $812K No change
MRK Merck & Co. Inc. 0.61% 5,100 $631K No change
PEP Pepsico Inc. 0.60% 3,727 $615K No change
BRK.A 1/100 Berkshire HTWY A Class A 0.59% 100 $612K No change
PG The Procter & Gamble Co. 0.59% 3,685 $608K No change
JNJ Johnson & Johnson 0.51% 3,581 $523K No change
UNH Unitedhealth Group Inc. 0.51% 1,025 $522K No change
SCHX Schwab US Large-Cap ETF 0.45% 7,244 $465K Add +0.7%
AMZN Amazon.com Inc. 0.44% 2,335 $451K Reduce -0.2%
ABBV Abbvie Inc. 0.43% 2,599 $446K No change
BKUTK Bank Utica N Y filed as BANK OF UTICA N Y 0.38% 1,000 $390K No change
ORCL Oracle Corp. 0.37% 2,736 $386K No change
CVX Chevron Corp. 0.37% 2,458 $384K No change
NVDA Nvidia Corp. 0.35% 2,920 $361K Add +1.0%
GLD SPDR Gold Shares 0.33% 1,600 $344K No change
SYY Sysco Corp. 0.33% 4,781 $341K No change
XOM Exxon Mobil Corp. 0.32% 2,860 $329K No change
VGT Vanguard Info Tech ETF 0.31% 557 $321K Reduce -10.0%
BRT BRT Apartments Corp. 0.30% 17,500 $306K No change
AI C3.AI Inc. Class A 0.29% 10,234 $296K No change
TMO Thermo Fisher Scientific Inc. 0.28% 530 $293K No change
ABT Abbott Laboratories 0.27% 2,689 $279K No change
TSCO Tractor Supply Company 0.26% 1,000 $270K No change
COST Costco Wholesale Corp. 0.26% 310 $263K No change
TTE Totalenergies SE -Spon ADR 0.25% 3,918 $261K Reduce -0.5%
MDY State Street SPDR S&P Midcap 0.24% 470 $251K No change
BA The Boeing Co. 0.24% 1,344 $245K No change
CVS CVS Health Corp. 0.24% 4,125 $244K No change
KO The Coca-Cola Co. 0.23% 3,737 $238K No change
SCHF Schwab Intl Equity ETF 0.22% 5,982 $230K Add +0.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 609 $228K No change
ASRV Ameriserv Financial Inc. 0.22% 100,000 $226K No change
AR Antero Resources Corp. 0.21% 6,760 $221K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.21% 2,231 $221K No change
IAU iShares Gold Trust 0.21% 5,025 $221K No change
JPM JPMorgan Chase & Co. 0.21% 1,061 $215K No change
WBA Walgreens Boots Alliance Inc. 0.12% 10,189 $123K No change
SWN Southwestern Energy Co. 0.10% 14,790 $100K No change

Portfolio Sells Q1 2024 → Q2 2024
BANCOLOMBIA S.A.-SPONS ADR Sold out 0.00% −2.12
PROSHARES SHORT S&P500 Sold out 0.00% −1.97
CX Cemex Sab-Spons ADR Part Cer Reduce -1.6% 2.45% −1.01
INTC Intel Corp. Reduce -1.7% 2.27% −0.97
BBVA Banco Bilbao Vizcaya-SP ADR Reduce -1.6% 3.27% −0.59
VIV Telefonica Brasil-ADR Reduce -1.7% 1.81% −0.41
RDUS Radius Recycling Inc. Class A Reduce -1.5% 0.91% −0.35
DRIL-QUIP INC Reduce -1.8% 1.56% −0.33
IBM Intl Business Machines Corp. Sold out 0.00% −0.20
CSCO Cisco Systems Inc. Sold out 0.00% −0.20
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.19
PBR Petroleo Brasileiro-Spon ADR Reduce -1.6% 3.51% −0.18
NTR Nutrien Ltd. Reduce -1.7% 2.57% −0.17
PROSHARES SHORT QQQ Reduce -80.8% 1.54% −0.17
RRC Range Resources Corp. Reduce -2.1% 4.19% −0.14
DSX Diana Shipping Inc. Reduce -2.2% 1.84% −0.03
TTE Totalenergies SE -Spon ADR Reduce -0.5% 0.25% −0.01
VGT Vanguard Info Tech ETF Reduce -10.0% 0.31% +0.00
HL Hecla Mining Co. Reduce -1.4% 2.30% +0.02
AMZN Amazon.com Inc. Reduce -0.2% 0.44% +0.03
DOLE Dole PLC Reduce -1.9% 1.58% +0.04
HTLD Heartland Express Inc. Reduce -1.5% 1.34% +0.04
FLR Fluor Corp. Reduce -1.2% 2.13% +0.07
NOK Nokia Corp.-Spon ADR Reduce -1.7% 1.49% +0.09
BG Bunge Ltd. Reduce -1.6% 3.23% +0.13
AA Alcoa Corp. Reduce -1.1% 1.55% +0.24
AAPL Apple Inc. Reduce -1.3% 1.38% +0.26
INSW International Seaways Inc. Reduce -2.4% 3.63% +0.33
AU Anglogold Ashanti PLC Reduce -1.3% 3.28% +0.39
SLV iShares Silver Trust Reduce -1.7% 3.35% +0.48
NEM Newmont Corp. Reduce -1.2% 3.32% +0.49
PAAS Pan American Silver Corp. Reduce -1.2% 3.98% +0.97
TPC Tutor Perini Corp. Reduce -1.1% 4.29% +1.45
LAZ Lazard Inc. Reduce -1.1% 2.01% +2.01

Portfolio Buys Q1 2024 → Q2 2024
SJT San Juan Basin Royalty TR New 1.07% +1.07
AR Antero Resources Corp. New 0.21% +0.21
NVDA Nvidia Corp. Add +1.0% 0.35% +0.10
BKH Black Hills Corp. Add +0.5% 2.29% +0.04
SCHX Schwab US Large-Cap ETF Add +0.7% 0.45% +0.03
SCHF Schwab Intl Equity ETF Add +0.1% 0.22% +0.00
ENIC Enel Chile SA-ADR Add +0.8% 1.90% −0.12
SWBI Smith & Wesson Brands Inc. Add +0.1% 1.22% −0.23

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