SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Lesa Sroufe & Co

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

Reported Value
$100M
Q1 2022
Positions
73
Filings on Record
28
2019–present window
Filed
Apr 21, 2022
original filing

Summary

Lesa Sroufe & Co reported $100M in U.S.-listed holdings across 73 positions for Q1 2022.

Its largest position, MSFT, represents 8.6% of the portfolio.

Compared with Q4 2021, the fund opened 7 new positions and exited 6.

Portfolio Metrics

Turnover
+10.5%
vs prior filed quarter
Top-10 Concentration
+39.9%
share of reported value
Largest Position
+8.6%
Microsoft
New / Exited
7 / 6
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: 47.4%Common Stock: 45.0%ADR: 6.3%ETP: 0.9%REIT: 0.4%
  • Other · 47.4% · $47M
  • Common Stock · 45.0% · $45M
  • ADR · 6.3% · $6M
  • ETP · 0.9% · $868,000
  • REIT · 0.4% · $444,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RANGE RESOURCES CORPNEW+131.4K131.4K+$3M$3M
INTERNATIONAL SEAWAYS INCNEW+132.3K132.3K+$2M$2M
FRONTLINE LTD FNEW+174.6K174.6K+$1M$1M
1/100 BERKSHIRE HTWY CLA 100 SNEW+100100+$470,000$470,000
VANGUARD INFORMATION TECHNOLONEW+798798+$337,000$337,000
OCEANPAL INC FNEW+56.2K56.2K+$30,000$30,000
NEL ASA ORD FNEW+13.7K13.7K+$18,000$18,000
DAKTDAKTRONICS INCADDED+191.7K371.9K+$912,000$2M

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

Holdings — Q1 2022

73 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM8.63%$9M27.6K
2AAALCOA CORPhistory →COM4.38%$4M76.9K
3NEMNEWMONT CORPhistory →COM3.97%$4M64.7K
4M & T BANK CORPCOM3.96%$4M23.3K
5NUTRIEN LTD FCOM3.79%$4M54.1K
6PETROLEO BRASILEIRO F SPONSOREADR3.30%$3M246.5K
7BUNGE LIMITED FCOM3.22%$3M32.4K
8FLEX LTD FCOM3.04%$3M187.0K
9ISHARES SILVER TRUST ETF IVISHARES2.82%$3M135.2K
10PAASPAN AMERICAN SILVER CORP Fhistory →COM2.80%$3M128.9K
11RANGE RESOURCES CORPCOM2.54%$3M131.4K
12NOKNOKIA CORP F SPONSORED ADR 1 Ahistory →ADR2.50%$2M421.4K
13SCHNITZER STL INDS CLASS ACOM2.47%$2M63.0K
14LAZARD LTD F CLASS ACOM2.44%$2M55.8K
15DIANA SHIPPING INC F TENDER OFCOM2.24%$2M629.9K
16BANCO BILBAO VIZCAYA A F SPONSADR2.23%$2M348.2K
17TELEFONICA BRASIL S. F SPONSORADR2.19%$2M232.6K
18ANGOLD ASHANTI F SPONSORED ADRADR2.05%$2M109.9K
19TOTALENERGIES SEADR2.01%$2M35.2K
20INTERNATIONAL SEAWAYS INCCOM1.94%$2M132.3K
21AMGNAMGEN INC.history →COM1.94%$2M8.5K
22DOLE PLC FCOM1.83%$2M134.9K
23DAKTDAKTRONICS INChistory →COM1.83%$2M371.9K
24INTCINTEL CORPhistory →COM1.80%$2M36.8K
25CERSCERUS CORPhistory →COM1.76%$2M326.2K
26ORANYORANGE F SPONSORED ADR 1 ADR Rhistory →ADR1.74%$2M148.7K
27HLHECLA MINING COhistory →COM1.71%$2M343.8K
28HTLDHEARTLAND EXPRESShistory →COM1.69%$2M112.8K
29PROSHARES SHORT QQQ ETF IVCOM1.60%$2M135.7K
30ENEL CHILE S A F SPONSORED ADRADR1.43%$1M706.7K
31PROSHARES SHORT S&P500COM1.29%$1M89.9K
32UVVUNIVERSAL CORP VAhistory →COM1.23%$1M22.6K
33AAPLAPPLE INChistory →COM1.18%$1M6.7K
34FRONTLINE LTD FCOM1.15%$1M174.6K
35FLRFLUOR CORPhistory →COM1.10%$1M52.0K
36TPCTUTOR PERINI CORPCOM0.93%$922,00077.5K
37MCDMCDONALDS CORPCOM0.83%$827,0003.2K
38PGPROCTER & GAMBLECOM0.66%$662,0004.1K
39PEPPEPSICO INCCOM0.65%$647,0003.7K
40JNJJOHNSON & JOHNSONCOM0.64%$642,0003.7K
41UNITEDHEALTH GRP INCCOM0.60%$600,0001.3K
42SCHXSCHWAB US LARGE CAP ETFCOM0.56%$557,0005.2K
43WBAWALGREENS BOOTS ALLICOM0.51%$507,00010.2K
44AMZNAMAZON.COM INCCOM0.49%$485,000162
451/100 BERKSHIRE HTWY CLA 100 SCOM0.47%$470,000100
46BKUTKBANK OF UTICA N YCOM0.47%$470,0001.0K
47CVSCVS HEALTH CORPCOM0.46%$458,0004.3K
48BRTBRT APARTMENTS CORPCOM0.45%$444,00020.0K
49AMERISERV FINLCOM0.43%$429,000100.0K
50MERCK & CO. INC.COM0.42%$416,0005.1K
51ABBVIE INCCOM0.39%$387,0002.8K
52SYYSYSCO CORPCOM0.38%$374,0004.8K
53CVXCHEVRON CORPCOM0.36%$362,0002.8K
54ABTABBOTT LABORATORIESCOM0.34%$343,0002.7K
55DISWALT DISNEY COCOM0.34%$340,0002.4K
56VANGUARD INFORMATION TECHNOLOCOM0.34%$337,000798
57TMOTHERMO FISHER SCNTFCCOM0.32%$317,000546
58SCHFSCHWAB INTERNATIONAL EQUITY ETCOM0.31%$311,0008.3K
59EXXON MOBIL CORPCOM0.30%$297,0003.9K
60BABOEING COCOM0.27%$273,0001.4K
61CISCO SYSTEMS INCCOM0.27%$269,0004.8K
62SPDR GOLD SHARES ETFCOM0.27%$269,0001.6K
63C3 AI INC CLASS ACOM0.24%$240,0009.1K
64SBUXSTARBUCKS CORPCOM0.23%$230,0002.3K
65KOTHE COCA-COLA COCOM0.23%$228,0003.7K
66SPDR S&P MIDCAP 400 ETF IVCOM0.23%$226,000470
67ORACLE CORPCOM0.22%$222,0002.7K
68TSCOTRACTOR SUPPLY COMPCOM0.22%$218,0001.0K
69SERA PROGNOSTICS INC CLASS ACOM0.11%$111,00016.5K
70OMEROMEROS CORPCOM0.11%$106,00017.7K
71SOUTHWESTERN ENERGYCOM0.07%$65,00014.8K
72OCEANPAL INC FCOM0.03%$30,00056.2K
73NEL ASA ORD FCOM0.02%$18,00013.7K

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 ↗.