Lesa Sroufe & Co

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 16, 2024), Lesa Sroufe & Co reported 74 stock positions worth $107.1 million. Its top holding was Microsoft (MSFT) at 9.1% of the portfolio, followed by Tutor Perini (TPC, 5.1%) and Newmont (NEM, 4.0%). Compared with Q2 2024, it opened 9 new positions, sold out of 6, added to 23 and reduced 8. The biggest buy was a new position in Bunge Global (BG) and the biggest sale an exit from Bunge (BG).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001492162
Portfolio Value
$107.1M (Q3 2024)
SEC Filing
0001492162-24-000004 ↗ filed Oct 16, 2024

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 $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 · $107.1M
MSFT Microsoft Corp. 9.07% 22,591 $9.7M Reduce -1.2%
TPC Tutor Perini Corp. 5.15% 203,044 $5.5M Add +0.2%
NEM Newmont Corp. 4.05% 81,137 $4.3M Reduce -0.6%
PAAS Pan American Silver Corp. 4.02% 206,567 $4.3M Add +0.1%
MTB M & T Bank Corp. filed as M & T BK CORP 3.80% 22,853 $4.1M No change
RRC Range Resources Corp. 3.71% 129,150 $4.0M Add +0.3%
SLV iShares Silver Trust 3.44% 129,848 $3.7M Add +0.1%
BBVA Banco Bilbao Vizcaya-SP ADR 3.39% 335,385 $3.6M Reduce -0.0%
PBR Petroleo Brasileiro-Spon ADR 3.36% 250,187 $3.6M Add +0.2%
AU Anglogold Ashanti PLC 3.36% 135,144 $3.6M Add +0.7%
INSW International Seaways Inc. 3.05% 63,383 $3.3M Add +0.3%
HL Hecla Mining Co. 3.04% 489,025 $3.3M Add +0.2%
BG Bunge Global SA 2.81% 31,116 $3.0M New
LAZ Lazard Inc. 2.56% 54,362 $2.7M New
AMGN Amgen Inc. 2.55% 8,490 $2.7M No change
BKH Black Hills Corp. 2.53% 44,372 $2.7M Add +2.5%
NTR Nutrien Ltd. 2.33% 51,939 $2.5M Add +0.1%
FLR Fluor Corp. 2.25% 50,463 $2.4M Add +0.2%
CX Cemex Sab-Spons ADR Part Cer 2.24% 394,094 $2.4M Reduce -0.1%
ALK Alaska Air Group Inc. 2.19% 52,003 $2.4M New
VIV Telefonica Brasil-ADR 2.18% 227,506 $2.3M Add +0.4%
DOLE Dole PLC 2.03% 133,535 $2.2M Add +0.2%
INTC Intel Corp. 1.66% 75,766 $1.8M Add +0.4%
NOK Nokia Corp.-Spon ADR 1.66% 405,909 $1.8M Add +0.1%
AAPL Apple Inc. 1.47% 6,758 $1.6M Add +0.0%
AA Alcoa Corp. 1.45% 40,180 $1.6M Add +0.0%
PSQ Proshares Short QQQ 1.44% 39,152 $1.5M New
HTLD Heartland Express Inc. 1.29% 112,255 $1.4M Add +0.3%
INVX Innovex International Inc. 1.19% 86,508 $1.3M Add +0.2%
RDUS Radius Recycling Inc. Class A 1.07% 61,585 $1.1M Add +0.0%
SWBI Smith & Wesson Brands Inc. 1.06% 87,490 $1.1M Reduce -0.2%
SJT San Juan Basin Royalty TR 0.97% 281,203 $1.0M Add +3.4%
MCD McDonald's Corp. 0.91% 3,188 $971K No change
BRK.A 1/100 Berkshire HTWY A Class A 0.64% 100 $691K No change
PG The Procter & Gamble Co. 0.60% 3,685 $638K No change
PEP Pepsico Inc. 0.59% 3,727 $634K No change
UNH Unitedhealth Group Inc. 0.56% 1,025 $599K No change
JNJ Johnson & Johnson 0.54% 3,581 $580K No change
MRK Merck & Co. Inc. 0.54% 5,100 $579K No change
ABBV Abbvie Inc. 0.48% 2,599 $513K No change
SCHX Schwab US Large-Cap ETF 0.46% 7,327 $497K Add +1.1%
ORCL Oracle Corp. 0.43% 2,736 $466K No change
AMZN Amazon.com Inc. 0.41% 2,335 $435K No change
BKUTK Bank Utica N Y filed as BANK OF UTICA N Y 0.41% 1,000 $435K No change
GLD SPDR Gold Shares 0.36% 1,600 $389K No change
SYY Sysco Corp. 0.35% 4,781 $373K No change
CVX Chevron Corp. 0.34% 2,458 $362K No change
XOM Exxon Mobil Corp. 0.31% 2,860 $335K No change
TMO Thermo Fisher Scientific Inc. 0.31% 530 $328K No change
VGT Vanguard Info Tech ETF 0.31% 557 $327K No change
NVDA Nvidia Corp. 0.30% 2,607 $317K Reduce -10.7%
BRT BRT Apartments Corp. 0.29% 17,500 $308K No change
ABT Abbott Laboratories 0.29% 2,689 $307K No change
COST Costco Wholesale Corp. 0.26% 310 $275K No change
KO The Coca-Cola Co. 0.25% 3,737 $269K No change
MDY State Street SPDR S&P Midcap 0.25% 470 $268K No change
ASRV Ameriserv Financial Inc. 0.24% 100,000 $261K No change
CVS CVS Health Corp. 0.24% 4,119 $259K Reduce -0.1%
TTE Totalenergies SE -Spon ADR 0.24% 3,918 $253K No change
IAU iShares Gold Trust 0.23% 5,025 $250K No change
SCHF Schwab Intl Equity ETF 0.23% 6,077 $250K Add +1.6%
AI C3.AI Inc. Class A 0.23% 10,234 $248K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.23% 1,095 $242K New
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 609 $234K No change
JPM JPMorgan Chase & Co. 0.21% 1,061 $224K No change
BRK.B Berkshire Hathaway Inc. Class B 0.21% 480 $221K New
CSCO Cisco Systems Inc. 0.20% 4,087 $218K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.20% 2,231 $215K No change
LNG Cheniere Energy Inc. 0.19% 1,140 $205K New
BA The Boeing Co. 0.19% 1,344 $204K No change
PSCT Invesco S&P Smallcap Informa 0.19% 4,200 $201K New
SWN Southwestern Energy Co. 0.10% 14,790 $105K No change
WBA Walgreens Boots Alliance Inc. 0.08% 10,189 $91K No change
ENIC Enel Chile SA-ADR 0.03% 12,235 $34K Reduce -98.3%

Portfolio Sells Q2 2024 → Q3 2024
BG Bunge Ltd. Sold out 0.00% −3.23
LAZ Lazard Inc. Sold out 0.00% −2.01
ENIC Enel Chile SA-ADR Reduce -98.3% 0.03% −1.87
DSX Diana Shipping Inc. Sold out 0.00% −1.84
PROSHARES SHORT QQQ Sold out 0.00% −1.54
MSFT Microsoft Corp. Reduce -1.2% 9.07% −0.85
TSCO Tractor Supply Company Sold out 0.00% −0.26
AR Antero Resources Corp. Sold out 0.00% −0.21
CX Cemex Sab-Spons ADR Part Cer Reduce -0.1% 2.24% −0.20
SWBI Smith & Wesson Brands Inc. Reduce -0.2% 1.06% −0.16
NVDA Nvidia Corp. Reduce -10.7% 0.30% −0.05
CVS CVS Health Corp. Reduce -0.1% 0.24% +0.00
BBVA Banco Bilbao Vizcaya-SP ADR Reduce -0.0% 3.39% +0.13
NEM Newmont Corp. Reduce -0.6% 4.05% +0.73

Portfolio Buys Q2 2024 → Q3 2024
BG Bunge Global SA New 2.81% +2.81
LAZ Lazard Inc. New 2.56% +2.56
ALK Alaska Air Group Inc. New 2.19% +2.19
PSQ Proshares Short QQQ New 1.44% +1.44
TPC Tutor Perini Corp. Add +0.2% 5.15% +0.86
HL Hecla Mining Co. Add +0.2% 3.04% +0.75
DOLE Dole PLC Add +0.2% 2.03% +0.45
VIV Telefonica Brasil-ADR Add +0.4% 2.18% +0.37
BKH Black Hills Corp. Add +2.5% 2.53% +0.24
IBM Intl Business Machines Corp. New 0.23% +0.23
BRK.B Berkshire Hathaway Inc. Class B New 0.21% +0.21
CSCO Cisco Systems Inc. New 0.20% +0.20
LNG Cheniere Energy Inc. New 0.19% +0.19
PSCT Invesco S&P Smallcap Informa New 0.19% +0.19
NOK Nokia Corp.-Spon ADR Add +0.1% 1.66% +0.17
RDUS Radius Recycling Inc. Class A Add +0.0% 1.07% +0.15
FLR Fluor Corp. Add +0.2% 2.25% +0.12
SLV iShares Silver Trust Add +0.1% 3.44% +0.09
AAPL Apple Inc. Add +0.0% 1.47% +0.09
AU Anglogold Ashanti PLC Add +0.7% 3.36% +0.08
PAAS Pan American Silver Corp. Add +0.1% 4.02% +0.04
SCHX Schwab US Large-Cap ETF Add +1.1% 0.46% +0.01
SCHF Schwab Intl Equity ETF Add +1.6% 0.23% +0.01
HTLD Heartland Express Inc. Add +0.3% 1.29% −0.05
SJT San Juan Basin Royalty TR Add +3.4% 0.97% −0.10
AA Alcoa Corp. Add +0.0% 1.45% −0.11
PBR Petroleo Brasileiro-Spon ADR Add +0.2% 3.36% −0.15
NTR Nutrien Ltd. Add +0.1% 2.33% −0.24
INVX Innovex International Inc. Add +0.2% 1.19% −0.37
RRC Range Resources Corp. Add +0.3% 3.71% −0.49
INSW International Seaways Inc. Add +0.3% 3.05% −0.58
INTC Intel Corp. Add +0.4% 1.66% −0.61

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