SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Lesa Sroufe & Co

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

Reported Value
$99M
Q1 2023
Positions
71
Filings on Record
28
2019–present window
Filed
Apr 19, 2023
original filing

Summary

Lesa Sroufe & Co reported $99M in U.S.-listed holdings across 71 positions for Q1 2023.

Its largest position, MSFT, represents 7.6% of the portfolio.

Compared with Q4 2022, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+37.6%
share of reported value
Largest Position
+7.6%
Microsoft
New / Exited
5 / 2
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: 51.4%Common Stock: 40.7%ADR: 7.0%ETP: 0.5%REIT: 0.3%
  • Other · 51.4% · $51M
  • Common Stock · 40.7% · $40M
  • ADR · 7.0% · $7M
  • ETP · 0.5% · $533,000
  • REIT · 0.3% · $345,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CXCEMEX SAB DE CV SPONSORED ADRNEW+404.7K404.7K+$2M$2M
C3 AI INC CLASS ANEW+9.1K9.1K+$306,000$306,000
DISWALT DISNEY CONEW+2.2K2.2K+$223,000$223,000
CISCO SYSTEMS INCNEW+4.1K4.1K+$214,000$214,000
SBUXSTARBUCKS CORPNEW+2.0K2.0K+$209,000$209,000
INTCINTEL CORPADDED+40.7K75.6K+$2M$2M
ANTERO RESOURCES CORSOLD OUT−6.8K0−$209,000$0
ORAORMAT TECHNOLOGIESSOLD OUT−2.3K0−$200,000$0

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

Holdings — Q1 2023

71 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM7.61%$8M26.1K
2FLEX LTDCOM4.24%$4M182.2K
3NUTRIEN LTDCOM3.99%$4M53.5K
4RANGE RESOURCES CORPCOM3.49%$3M130.3K
5NEMNEWMONT CORPhistory →COM3.21%$3M64.8K
6PAASPAN AMERICAN SILVER CORPhistory →COM3.15%$3M171.0K
7BUNGE LIMITEDCOM3.08%$3M31.9K
8FRONTLINE PLCCOM3.02%$3M180.3K
9ISHARES SILVER TRUST ETFISHARES3.00%$3M134.2K
10INTERNATIONAL SEAWAYS INCCOM2.79%$3M66.2K
11M & T BANK CORPCOM2.76%$3M22.9K
12PETROLEO BRASILEIRO SPONSOREDADR2.73%$3M258.6K
13ANGOLD ASHANTI SPONSORED ADRADR2.64%$3M108.0K
14DIANA SHIPPING INCCOM2.57%$3M652.6K
15INTCINTEL CORPhistory →COM2.50%$2M75.6K
16BANCO BILBAO VIZCAYA A SPONSORADR2.44%$2M342.6K
17CXCEMEX SAB DE CV SPONSORED ADRhistory →ADR2.26%$2M404.7K
18HLHECLA MINING COhistory →COM2.22%$2M347.7K
19NOKNOKIA CORP SPONSORED ADRhistory →ADR2.08%$2M419.9K
20AMGNAMGEN INC.history →COM2.07%$2M8.5K
21TOTALENERGIES SEADR2.02%$2M33.8K
22SCHNITZER STL INDS CLASS ACOM2.00%$2M63.6K
23PROSHARES SHORT S&P500COM2.00%$2M131.8K
24ENEL CHILE S A SPONSORED ADRADR1.93%$2M706.4K
25LAZARD LTD F CLASS ACOM1.86%$2M55.7K
26HTLDHEARTLAND EXPRESShistory →COM1.86%$2M115.5K
27TELEFONICA BRASIL S. F SPONSORADR1.81%$2M236.2K
28AAALCOA CORPhistory →COM1.78%$2M41.4K
29PROSHARES SHORT QQQ ETFCOM1.75%$2M141.8K
30DOLE PLCCOM1.68%$2M141.5K
31FLRFLUOR CORPhistory →COM1.64%$2M52.5K
32COLBCOLUMBIA BANKING SYShistory →COM1.53%$2M70.6K
33TPCTUTOR PERINI CORPhistory →COM1.30%$1M209.2K
34SWBISMITH & WESSON BRANDS INChistory →COM1.13%$1M90.5K
35AAPLAPPLE INChistory →COM1.12%$1M6.8K
36CERSCERUS CORPCOM0.92%$914,000307.7K
37MCDMCDONALDS CORPCOM0.90%$891,0003.2K
38PEPPEPSICO INCCOM0.69%$679,0003.7K
39JNJJOHNSON & JOHNSONCOM0.58%$578,0003.7K
40PGPROCTER & GAMBLECOM0.55%$548,0003.7K
41MERCK & CO. INC.COM0.55%$543,0005.1K
42UNITEDHEALTH GRP INCCOM0.51%$503,0001.1K
431/100 BERKSHIRE HTWY CLA 100 SCOM0.47%$466,000100
44ABBVIE INCCOM0.42%$414,0002.6K
45CVXCHEVRON CORPCOM0.41%$402,0002.5K
46EXXON MOBIL CORPCOM0.40%$396,0003.6K
47BKUTKBANK OF UTICA N YCOM0.37%$371,0001.0K
48SYYSYSCO CORPCOM0.37%$369,0004.8K
49WBAWALGREENS BOOTS ALLICOM0.36%$352,00010.2K
50BRTBRT APARTMENTS CORPCOM0.35%$345,00017.5K
51SCHXSCHWAB US LARGE CAP ETFCOM0.34%$332,0006.9K
52TMOTHERMO FISHER SCIENTIFIC INCCOM0.32%$315,000546
53CVSCVS HEALTH CORPCOM0.31%$307,0004.1K
54C3 AI INC CLASS ACOM0.31%$306,0009.1K
55AMERISERV FINLCOM0.31%$305,000100.0K
56SPDR GOLD SHARES ETFCOM0.30%$293,0001.6K
57BABOEING COCOM0.29%$289,0001.4K
58ABTABBOTT LABORATORIESCOM0.27%$272,0002.7K
59AMZNAMAZON.COM INCCOM0.27%$269,0002.6K
60VANGUARD INFORMATION TECHNOLOGCOM0.26%$258,000669
61ORACLE CORPCOM0.26%$254,0002.7K
62TSCOTRACTOR SUPPLY COMPCOM0.24%$235,0001.0K
63KOTHE COCA-COLA COCOM0.23%$232,0003.7K
64DISWALT DISNEY COCOM0.23%$223,0002.2K
65SPDR S&P MIDCAP 400 ETF IVCOM0.22%$215,000470
66CISCO SYSTEMS INCCOM0.22%$214,0004.1K
67SBUXSTARBUCKS CORPCOM0.21%$209,0002.0K
68SCHFSCHWAB INTERNATIONAL EQUITY ETCOM0.20%$201,0005.8K
69SOUTHWESTERN ENERGYCOM0.07%$74,00014.8K
70OCEANPAL INC FCOM0.03%$25,00071.6K
71NEL ASA ORD FCOM0.02%$19,00013.7K

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 ↗.