SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Lesa Sroufe & Co

CIK 0001492162 · 801 2ND AVENUE SUITE 304, SEATTLE, WA, 98104 · 206-838-8385

Reported Value
$105M
Q4 2019
Positions
62
Filings on Record
28
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Lesa Sroufe & Co reported $105M in U.S.-listed holdings across 62 positions for Q4 2019.

Its largest position, Telefonica Brasil, represents 4.6% of the portfolio.

Compared with Q3 2019, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+38.7%
share of reported value
Largest Position
+4.6%
Telefonica Brasil
New / Exited
2 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $117MQ1 ’19Q2 ’19: $113MQ3 ’19: $105MQ4 ’19: $105MQ1 ’20: $74MQ1 ’20Q2 ’20: $75MQ3 ’20: $72MQ4 ’20: $84MQ1 ’21: $90MQ1 ’21Q2 ’21: $100MQ3 ’21: $94MQ4 ’21: $100MQ1 ’22: $100MQ1 ’22Q3 ’22: $83MQ4 ’22: $90MQ1 ’23: $99MQ2 ’23: $94MQ2 ’23Q3 ’23: $93MQ4 ’23: $98MQ1 ’24: $107MQ2 ’24: $103MQ2 ’24Q3 ’24: $107MQ1 ’25: $100MQ2 ’25: $109MQ3 ’25: $124MQ3 ’25Q4 ’25: $134MQ1 ’26: $147Mfilingsflow.com

Portfolio Composition

By security type
Other: 46.3%Common Stock: 42.2%ADR: 10.8%ETP: 0.5%REIT: 0.3%
  • Other · 46.3% · $48M
  • Common Stock · 42.2% · $44M
  • ADR · 10.8% · $11M
  • ETP · 0.5% · $479,000
  • REIT · 0.3% · $339,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BMYBRISTOL-MYERS SQUIBBNEW+3.9K3.9K+$251,000$251,000
ABBVIE INCNEW+2.4K2.4K+$213,000$213,000
SJTSAN JUAN BASIN ROYALTY TRUSTSOLD OUT−15.7K0−$47,000$0
SCHNITZER STL INDS CLASS AADDED+54.7K136.0K+$1M$3M
M D C HOLDING INCTRIMMED−65.7K64.0K−$3M$2M
PAASPAN AMERICAN SILVER FTRIMMED−102.9K173.1K−$226,000$4M
CHINA MOBILE LTD F SPONSORED AADDED+20.9K84.9K+$941,000$4M
CARBO CERAMICS INCTRIMMED−24.8K116.0K−$311,000$27,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

62 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TELEFONICA BRASIL SAADR4.59%$5M335.2K
2MSFTMICROSOFT CORPhistory →COM4.52%$5M30.0K
3ANGLOGOLD ASHANTI F SPONSOREDADR4.26%$4M199.5K
4M & T BANK CORPCOM3.96%$4M24.4K
5NEMNEWMONT MINING CORPhistory →COM3.92%$4M94.4K
6PAASPAN AMERICAN SILVER Fhistory →COM3.92%$4M173.1K
7NUTRIEN LTDCOM3.57%$4M78.0K
8CHINA MOBILE LTD F SPONSORED AADR3.43%$4M84.9K
9EXELON CORPORATIONCOM3.33%$3M76.5K
10LAZARD LTD LPCOM3.16%$3M82.8K
11FLEXTRONICS INTL LTD FCOM3.03%$3M251.2K
12ORANYORANGE SA F SPONSORED ADR 1 ADhistory →ADR2.99%$3M214.2K
13SCHNITZER STL INDS CLASS ACOM2.82%$3M136.0K
14JOEST JOE COMPANYhistory →COM2.70%$3M142.2K
15BANCO BILBAO ARGEN F SPONSOREDADR2.62%$3M490.2K
16WMKWEIS MARKETS, INChistory →COM2.58%$3M66.7K
17PETROLEO BRASILEIRO F SPONSOREADR2.56%$3M167.7K
18TOTAL S A F SPONSORED ADR 1 ADADR2.48%$3M47.0K
19BUNGE LIMITED FCOM2.44%$3M44.3K
20M D C HOLDING INCCOM2.33%$2M64.0K
21PROSHARES SHORT S&P 500 ETF NECOM2.28%$2M99.5K
22SPDR BLOOMBERG BARCLAYS 1-3 MOCOM2.14%$2M24.4K
23DIANA SHIPPING INC FCOM2.08%$2M700.2K
24EMBRAER SAADR1.98%$2M106.0K
25BENFRANKLIN RESOURCES INChistory →COM1.97%$2M79.1K
26AMGNAMGEN INCORPORATEDhistory →COM1.96%$2M8.5K
27AAALCOA CORPhistory →COM1.94%$2M94.2K
28BPBP PLC F SPONSORED ADR 1 ADR Rhistory →ADR1.89%$2M52.4K
29CERSCERUS CORPhistory →COM1.78%$2M440.4K
30DAKTDAKTRONICS INChistory →COM1.64%$2M281.7K
31NOKNOKIA CORP SPON F SPONSORED ADhistory →ADR1.63%$2M458.7K
32TPCTUTOR PERINI CORPhistory →COM1.34%$1M109.1K
33FLRFLUOR CORPhistory →COM1.22%$1M67.7K
34CVSCVS HEALTH CORPCOM0.86%$899,00012.1K
35AAPLAPPLE INCCOM0.74%$779,0002.7K
36AMZNAMAZON COM INCCOM0.66%$691,000374
37MCDMCDONALD'S CORPCOM0.61%$638,0003.2K
38WBAWALGREENS BOOTS ALLIANCE INCCOM0.57%$601,00010.2K
39PGPROCTER & GAMBLECOM0.49%$515,0004.1K
40PEPPEPSICO INCORPORATEDCOM0.49%$509,0003.7K
41JNJJOHNSON & JOHNSONCOM0.47%$487,0003.3K
42MERCK & CO INCCOM0.44%$464,0005.1K
43BKUTKBANK OF UTICA N YCOM0.41%$425,0001.0K
44AMERISERV FINANCIALCOM0.40%$420,000100.0K
45BABOEING COCOM0.39%$411,0001.3K
46SYYSYSCO CORPCOM0.39%$409,0004.8K
47UNITEDHEALTH GROUP INCCOM0.37%$383,0001.3K
48FACEBOOK INC CLASS ACOM0.34%$359,0001.8K
49DISWALT DISNEY COCOM0.34%$355,0002.5K
501/100 BERKSHIRE HTWY CLA 100 SCOM0.33%$340,000100
51BRTBRT APARTMENTS CORPCOM0.32%$339,00020.0K
52SCHXSCHWAB US LARGE CAP ETFCOM0.32%$333,0004.3K
53CISCO SYSTEMS INCCOM0.27%$279,0005.8K
54SPDR GOLD SHARES ETFCOM0.25%$259,0001.8K
55BMYBRISTOL-MYERS SQUIBBCOM0.24%$251,0003.9K
56OMEROMEROS CORPCOM0.24%$250,00017.7K
57CVXCHEVRON CORPORATIONCOM0.23%$238,0002.0K
58KOCOCA COLA COMPANYCOM0.21%$218,0003.9K
59ABBVIE INCCOM0.20%$213,0002.4K
60TMOTHERMO FISHER SCNTFCCOM0.20%$210,000646
61ISHARES GOLD ETFISHARES0.14%$146,00010.1K
62CARBO CERAMICS INCCOM0.03%$27,000116.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$147M69Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$134M69Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2025$124M69Oct 23, 202513F-HRchanges · EDGAR ↗
Q2 2025$109M70Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$100M73Apr 18, 202513F-HRchanges · EDGAR ↗
Q3 2024$107M74Oct 16, 202413F-HRchanges · EDGAR ↗
Q2 2024$103M71Jul 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$107M74May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$98M65Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$93M66Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$94M67Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$99M71Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022$90M68Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$83M65Oct 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$100M73Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$100M72Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$94M71Nov 1, 202113F-HRchanges · EDGAR ↗
Q2 2021$100M72Jul 22, 202113F-HRchanges · EDGAR ↗
Q1 2021$90M68May 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$84M69Jan 29, 202113F-HRchanges · EDGAR ↗
Q3 2020$72M64Oct 26, 202013F-HRchanges · EDGAR ↗
Q2 2020$75M61Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$74M58May 8, 2020RESTATEMENTchanges · EDGAR ↗
Q4 2019$105M62Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$105M61Oct 25, 201913F-HRchanges · EDGAR ↗
Q2 2019$113M62Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$117M60May 3, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.