Lesa Sroufe & Co
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), Lesa Sroufe & Co reported 68 stock positions worth $146.9 million. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Newmont (NEM, 6.0%) and Anglogold Ashanti (AU, 5.6%). Compared with Q4 2025, it opened 6 new positions, sold out of 7, added to 28 and reduced 12. The biggest buy was a new position in Grupo Cibest SA-ADR (CIB) and the biggest sale Hecla Mining (HL, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- SEATTLE, WA
- CIK
- 0001492162
- Portfolio Value
- $146.9M (Q1 2026)
- SEC Filing
- 0001492162-26-000002 ↗ filed Apr 27, 2026
Holdings Value
Holdings 68 stocks · $146.9M
| MSFT Microsoft Corp. | 6.25% | 24,804 | $9.2M | Add +22.3% |
| NEM Newmont Corp. | 6.00% | 81,467 | $8.8M | Add +1.0% |
| AU Anglogold Ashanti PLC | 5.61% | 84,691 | $8.2M | Reduce -2.5% |
| PAAS Pan American Silver Corp. | 5.41% | 145,389 | $7.9M | Add +1.6% |
| SLV iShares Silver Trust | 4.49% | 96,703 | $6.6M | Reduce -0.5% |
| PBR Petroleo Brasileiro-Spon ADR | 4.07% | 288,150 | $6.0M | Reduce -0.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 3.64% | 25,874 | $5.3M | Add +15.4% |
| AA Alcoa Corp. | 3.51% | 77,650 | $5.2M | Add +1.6% |
| CIB Grupo Cibest SA-ADR | 3.30% | 66,628 | $4.9M | New |
| HL Hecla Mining Co. | 3.15% | 248,692 | $4.6M | Reduce -47.4% |
| RRC Range Resources Corp. | 3.10% | 100,708 | $4.5M | Add +3.3% |
| CX Cemex Sab-Spons ADR Part Cer | 2.96% | 380,698 | $4.4M | Add +1.2% |
| TTE Totalenergies SE | 2.96% | 47,819 | $4.4M | Add +1.3% |
| INSW International Seaways Inc. | 2.96% | 59,688 | $4.3M | Add +1.4% |
| NTR Nutrien Ltd. | 2.67% | 52,002 | $3.9M | Add +1.8% |
| BG Bunge Global SA | 2.57% | 29,706 | $3.8M | Add +1.7% |
| VIV Telefonica Brasil-ADR | 2.48% | 229,279 | $3.6M | Add +2.3% |
| PSQ Proshares Short QQQ | 2.38% | 108,715 | $3.5M | Add +70.6% |
| BKH Black Hills Corp. | 2.21% | 46,831 | $3.3M | Add +1.2% |
| ALK Alaska Air Group Inc. | 2.11% | 84,233 | $3.1M | Add +131.7% |
| INVX Innovex International Inc. | 2.04% | 122,788 | $3.0M | Add +1.0% |
| AMGN Amgen Inc. | 2.03% | 8,490 | $3.0M | No change |
| TPC Tutor Perini Corp. | 1.99% | 37,787 | $2.9M | Reduce -47.9% |
| FLR Fluor Corp. | 1.97% | 62,166 | $2.9M | Add +1.3% |
| HE Hawaiian Electric Inds | 1.96% | 193,981 | $2.9M | Add +1.6% |
| NWE Northwestern Energy Group Inc. | 1.83% | 40,655 | $2.7M | Add +1.1% |
| HTLD Heartland Express Inc. | 1.63% | 229,848 | $2.4M | Add +4.6% |
| DOLE Dole PLC | 1.27% | 130,629 | $1.9M | Add +1.1% |
| SJT San Juan Basin Royalty TR | 1.14% | 346,870 | $1.7M | Add +1.9% |
| AAPL Apple Inc. | 1.04% | 5,992 | $1.5M | Add +0.0% |
| SWBI Smith & Wesson Brands Inc. | 0.82% | 83,567 | $1.2M | Add +11.1% |
| MCD McDonald's Corp. | 0.67% | 3,188 | $991K | No change |
| GLD SPDR Gold Shares | 0.64% | 2,198 | $946K | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.63% | 9,067 | $921K | Add +77.8% |
| JNJ Johnson & Johnson | 0.60% | 3,581 | $875K | No change |
| PCAR Paccar Inc. | 0.49% | 6,290 | $726K | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.49% | 1 | $718K | New |
| BKUTK Bank Utica N Y | 0.41% | 1,000 | $601K | No change |
| ABBV Abbvie Inc. | 0.38% | 2,599 | $565K | No change |
| PEP Pepsico Inc. | 0.38% | 3,572 | $555K | No change |
| VT Vanguard Tot World STK ETF | 0.36% | 3,854 | $533K | Add +2.8% |
| PG The Procter & Gamble Co. | 0.35% | 3,583 | $518K | Add +0.4% |
| CVX Chevron Corp. | 0.35% | 2,485 | $514K | No change |
| AMZN Amazon.com Inc. | 0.32% | 2,264 | $472K | Reduce -2.2% |
| IAU iShares Gold Trust | 0.31% | 5,142 | $453K | No change |
| VGT Vanguard Info Tech ETF | 0.26% | 542 | $378K | Reduce -2.7% |
| ASRV Ameriserv Financial Inc. | 0.25% | 100,000 | $362K | No change |
| ORCL Oracle Corp. | 0.24% | 2,441 | $359K | No change |
| SYY Sysco Corp. | 0.23% | 4,781 | $341K | No change |
| GAFFX Amer FND GRW FD of Am-F3 | 0.23% | 4,509 | $334K | New |
| JPM JPMorgan Chase & Co. | 0.21% | 1,061 | $312K | No change |
| VTIAX Vanguard TTL Int St Idx-Adm | 0.20% | 7,258 | $299K | New |
| LNG Cheniere Energy Inc. | 0.20% | 1,043 | $296K | Reduce -8.5% |
| CCJ Cameco Corp. | 0.20% | 2,690 | $292K | Reduce -15.7% |
| XOM Exxon Mobil Corp. | 0.20% | 1,710 | $290K | No change |
| MDY State Street SPDR S&P Midcap | 0.20% | 470 | $290K | No change |
| CVS CVS Health Corp. | 0.19% | 3,965 | $285K | No change |
| ABT Abbott Laboratories | 0.19% | 2,689 | $276K | No change |
| BA The Boeing Co. | 0.18% | 1,312 | $261K | No change |
| NVDA Nvidia Corp. | 0.18% | 1,483 | $259K | No change |
| ORA Ormat Technologies Inc. | 0.17% | 2,270 | $254K | Add +12.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 480 | $230K | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.15% | 2,231 | $215K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 880 | $213K | No change |
| COMP Compass Inc. Class A | 0.12% | 25,089 | $183K | No change |
| BRT BRT Apartments Corp. | 0.12% | 13,479 | $180K | Reduce -23.0% |
| ENIC Enel Chile SA-ADR | 0.03% | 12,235 | $48K | No change |
| SEAOF Seaco Ltd. | 0.00% | 20,000 | $0 | New |
Portfolio Sells Q4 2025 → Q1 2026
| HL Hecla Mining Co. | Reduce -47.4% | 3.15% | −3.61 |
| LAZ Lazard Inc. | Sold out | 0.00% | −1.91 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −1.85 |
| TPC Tutor Perini Corp. | Reduce -47.9% | 1.99% | −1.63 |
| BRK.A 1/100 Berkshire HTWY A Class A | Sold out | 0.00% | −0.56 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.23 |
| SLV iShares Silver Trust | Reduce -0.5% | 4.49% | −0.18 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.16 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.15 |
| AMZN Amazon.com Inc. | Reduce -2.2% | 0.32% | −0.08 |
| BRT BRT Apartments Corp. | Reduce -23.0% | 0.12% | −0.07 |
| VGT Vanguard Info Tech ETF | Reduce -2.7% | 0.26% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 0.16% | −0.03 |
| CCJ Cameco Corp. | Reduce -15.7% | 0.20% | −0.02 |
| GLD SPDR Gold Shares | Reduce -0.8% | 0.64% | −0.01 |
| WALGREENS BOOTS ALLIANCE | Sold out | 0.00% | 0.00 |
| LNG Cheniere Energy Inc. | Reduce -8.5% | 0.20% | +0.04 |
| AU Anglogold Ashanti PLC | Reduce -2.5% | 5.61% | +0.10 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -0.2% | 4.07% | +1.52 |
Portfolio Buys Q4 2025 → Q1 2026
| CIB Grupo Cibest SA-ADR | New | 3.30% | +3.30 |
| PSQ Proshares Short QQQ | Add +70.6% | 2.38% | +0.95 |
| INSW International Seaways Inc. | Add +1.4% | 2.96% | +0.83 |
| ALK Alaska Air Group Inc. | Add +131.7% | 2.11% | +0.75 |
| TTE Totalenergies SE | Add +1.3% | 2.96% | +0.67 |
| BG Bunge Global SA | Add +1.7% | 2.57% | +0.64 |
| RRC Range Resources Corp. | Add +3.3% | 3.10% | +0.54 |
| VIV Telefonica Brasil-ADR | Add +2.3% | 2.48% | +0.50 |
| PCAR Paccar Inc. | New | 0.49% | +0.49 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.49% | +0.49 |
| AA Alcoa Corp. | Add +1.6% | 3.51% | +0.48 |
| NTR Nutrien Ltd. | Add +1.8% | 2.67% | +0.32 |
| MTB M & T Bank Corp. | Add +15.4% | 3.64% | +0.28 |
| SWBI Smith & Wesson Brands Inc. | Add +11.1% | 0.82% | +0.26 |
| GAFFX Amer FND GRW FD of Am-F3 | New | 0.23% | +0.23 |
| MRK Merck & Co. Inc. | Add +77.8% | 0.63% | +0.23 |
| HE Hawaiian Electric Inds | Add +1.6% | 1.96% | +0.21 |
| VTIAX Vanguard TTL Int St Idx-Adm | New | 0.20% | +0.20 |
| FLR Fluor Corp. | Add +1.3% | 1.97% | +0.16 |
| HTLD Heartland Express Inc. | Add +4.6% | 1.63% | +0.15 |
| INVX Innovex International Inc. | Add +1.0% | 2.04% | +0.06 |
| ORA Ormat Technologies Inc. | Add +12.8% | 0.17% | +0.01 |
| NEM Newmont Corp. | Add +1.0% | 6.00% | +0.01 |
| SEAOF Seaco Ltd. | New | 0.00% | 0.00 |
| PG The Procter & Gamble Co. | Add +0.4% | 0.35% | −0.03 |
| VT Vanguard Tot World STK ETF | Add +2.8% | 0.36% | −0.03 |
| NWE Northwestern Energy Group Inc. | Add +1.1% | 1.83% | −0.11 |
| PAAS Pan American Silver Corp. | Add +1.6% | 5.41% | −0.11 |
| DOLE Dole PLC | Add +1.1% | 1.27% | −0.17 |
| AAPL Apple Inc. | Add +0.0% | 1.04% | −0.18 |
| BKH Black Hills Corp. | Add +1.2% | 2.21% | −0.18 |
| CX Cemex Sab-Spons ADR Part Cer | Add +1.2% | 2.96% | −0.25 |
| SJT San Juan Basin Royalty TR | Add +1.9% | 1.14% | −0.29 |
| MSFT Microsoft Corp. | Add +22.3% | 6.25% | −1.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 67 | $140.2M | MSFT, NEM, AU, PAAS, MTB |
| Q1 2026 | 68 | $146.9M | MSFT, NEM, AU, PAAS, SLV |
| Q4 2025 | 69 | $134.3M | MSFT, HL, NEM, PAAS, AU |
| Q3 2025 | 69 | $123.8M | MSFT, PAAS, NEM, AU, HL |
| Q2 2025 | 70 | $108.8M | MSFT, AU, PAAS, NEM, MTB |
| Q1 2025 | 70 | $100.2M | MSFT, PAAS, PBR, AU, BBVA |
| Q3 2024 | 74 | $107.1M | MSFT, TPC, NEM, PAAS, MTB |
| Q2 2024 | 71 | $103.0M | MSFT, TPC, RRC, PAAS, INSW |
| Q1 2024 | 74 | $104.6M | MSFT, RRC, BBVA, PBR, CX |