SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Lesa Sroufe & Co

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

Reported Value
$74M
Q1 2020
Positions
58
Filings on Record
28
2019–present window
Filed
May 8, 2020
amendment (RESTATEMENT)

Summary

Lesa Sroufe & Co reported $74M in U.S.-listed holdings across 58 positions for Q1 2020.

Its largest position, MSFT, represents 6.3% of the portfolio.

Compared with Q4 2019, the fund opened 4 new positions and exited 8.

Portfolio Metrics

Turnover
+3.5%
vs prior filed quarter
Top-10 Concentration
+42.4%
share of reported value
Largest Position
+6.3%
Microsoft
New / Exited
4 / 8
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
Common Stock: 45.8%Other: 41.7%ADR: 11.6%ETP: 0.6%REIT: 0.3%
  • Common Stock · 45.8% · $34M
  • Other · 41.7% · $31M
  • ADR · 11.6% · $9M
  • ETP · 0.6% · $459,000
  • REIT · 0.3% · $205,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES SILVER TRUST ETFNEW+109.7K109.7K+$1M$1M
HANHAWAIIAN HOLDINGS INCNEW+126.6K126.6K+$1M$1M
SOUTHWESTERN ENERGY CONEW+14.8K14.8K+$25,000$25,000
ARANTERO RESOURCES CORPNEW+13.7K13.7K+$10,000$10,000
EXELON CORPORATIONSOLD OUT−76.5K0−$3M$0
M D C HOLDING INCSOLD OUT−64.0K0−$2M$0
BABOEING COSOLD OUT−1.3K0−$411,000$0
CVXCHEVRON CORPORATIONSOLD OUT−2.0K0−$238,000$0

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

Holdings — Q1 2020

58 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.26%$5M29.2K
2NEMNEWMONT MINING CORPhistory →COM5.66%$4M92.1K
3ANGLOGOLD ASHANTI F SPONSOREDADR4.39%$3M194.6K
4CHINA MOBILE LTD F SPONSORED AADR4.38%$3M85.7K
5TELEFONICA BRASIL SAADR4.17%$3M322.4K
6WMKWEIS MARKETS, INChistory →COM3.73%$3M66.0K
7NUTRIEN LTDCOM3.55%$3M77.2K
8ORANYORANGE SA F SPONSORED ADR 1 ADhistory →ADR3.49%$3M213.1K
9M & T BANK CORPCOM3.42%$3M24.4K
10PAASPAN AMERICAN SILVER Fhistory →COM3.32%$2M170.9K
11JOEST JOE COMPANYhistory →COM3.16%$2M138.7K
12FLEXTRONICS INTL LTD FCOM2.83%$2M249.5K
13CERSCERUS CORPhistory →COM2.75%$2M435.3K
14SPDR BLOOMBERG BARCLAYS 1-3 MOCOM2.74%$2M22.0K
15LAZARD LTD LPCOM2.61%$2M81.5K
16BUNGE LIMITED FCOM2.51%$2M45.1K
17SCHNITZER STL INDS CLASS ACOM2.42%$2M136.8K
18TOTAL S A F SPONSORED ADR 1 ADADR2.36%$2M46.7K
19AMGNAMGEN INCORPORATEDhistory →COM2.33%$2M8.5K
20PETROLEO BRASILEIRO F SPONSOREADR2.05%$2M275.1K
21BANCO BILBAO ARGEN F SPONSOREDADR2.02%$1M486.7K
22PROSHARES SHORT S&P 500 ETF NECOM1.98%$1M52.9K
23NOKNOKIA CORP SPON F SPONSORED ADhistory →ADR1.98%$1M469.6K
24ISHARES SILVER TRUST ETFISHARES1.94%$1M109.7K
25DAKTDAKTRONICS INChistory →COM1.89%$1M282.4K
26BENFRANKLIN RESOURCES INChistory →COM1.81%$1M79.8K
27HANHAWAIIAN HOLDINGS INChistory →COM1.79%$1M126.6K
28BPBP PLC F SPONSORED ADR 1 ADR Rhistory →ADR1.72%$1M51.9K
29DIANA SHIPPING INC FCOM1.38%$1M685.4K
30AAALCOA CORPhistory →COM1.28%$942,000153.0K
31EMBRAER SAADR1.03%$761,000102.9K
32TPCTUTOR PERINI CORPhistory →COM1.01%$744,000110.7K
33AMZNAMAZON COM INCCOM0.97%$717,000368
34CVSCVS HEALTH CORPCOM0.96%$708,00011.9K
35AAPLAPPLE INCCOM0.90%$664,0002.6K
36MCDMCDONALD'S CORPCOM0.71%$527,0003.2K
37FLRFLUOR CORPCOM0.66%$490,00070.9K
38WBAWALGREENS BOOTS ALLIANCE INCCOM0.63%$466,00010.2K
39PGPROCTER & GAMBLECOM0.62%$454,0004.1K
40PEPPEPSICO INCORPORATEDCOM0.61%$448,0003.7K
41JNJJOHNSON & JOHNSONCOM0.59%$438,0003.3K
42MERCK & CO INCCOM0.53%$392,0005.1K
43BKUTKBANK OF UTICA N YCOM0.45%$330,0001.0K
44UNITEDHEALTH GROUP INCCOM0.43%$317,0001.3K
45SCHXSCHWAB US LARGE CAP ETFCOM0.42%$308,0005.0K
46FACEBOOK INC CLASS ACOM0.40%$292,0001.8K
471/100 BERKSHIRE HTWY CLA 100 SCOM0.37%$272,000100
48SPDR GOLD SHARES ETFCOM0.36%$268,0001.8K
49AMERISERV FINANCIALCOM0.36%$262,000100.0K
50DISWALT DISNEY COCOM0.32%$237,0002.5K
51OMEROMEROS CORPCOM0.32%$237,00017.7K
52BMYBRISTOL-MYERS SQUIBBCOM0.32%$234,0004.2K
53SYYSYSCO CORPCOM0.30%$218,0004.8K
54CISCO SYSTEMS INCCOM0.28%$209,0005.3K
55BRTBRT APARTMENTS CORPCOM0.28%$205,00020.0K
56ISHARES GOLD ETFISHARES0.20%$151,00010.1K
57SOUTHWESTERN ENERGY COCOM0.03%$25,00014.8K
58ARANTERO RESOURCES CORPCOM0.01%$10,00013.7K

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 ↗.