SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Lesa Sroufe & Co

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

Reported Value
$93M
Q3 2023
Positions
66
Filings on Record
28
2019–present window
Filed
Oct 19, 2023
original filing

Summary

Lesa Sroufe & Co reported $93M in U.S.-listed holdings across 66 positions for Q3 2023.

Its largest position, MSFT, represents 8.8% of the portfolio.

Compared with Q2 2023, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+9.7%
vs prior filed quarter
Top-10 Concentration
+40.0%
share of reported value
Largest Position
+8.8%
Microsoft
New / Exited
3 / 4
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: 53.2%Common Stock: 39.8%ADR: 6.3%ETP: 0.4%REIT: 0.3%
  • Other · 53.2% · $50M
  • Common Stock · 39.8% · $37M
  • ADR · 6.3% · $6M
  • ETP · 0.4% · $364,000
  • REIT · 0.3% · $302,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SCHNITZER STL INDS CLASS ANEW+62.5K62.5K+$2M$2M
BANCOLOMBIA SANEW+64.2K64.2K+$2M$2M
AUANGLOGOLD ASHANTI PLC FNEW+106.5K106.5K+$2M$2M
ANGOLD ASHANTI SPONSORED ADRSOLD OUT−107.4K0−$2M$0
SCHNITZER STL INDS CLASS ASOLD OUT−63.3K0−$2M$0
CERSCERUS CORPSOLD OUT−301.5K0−$742,000$0
SCHFSCHWAB INTERNATIONAL EQUITY ETSOLD OUT−5.9K0−$210,000$0
EXXON MOBIL CORPTRIMMED−3832.9K−$12,000$336,000

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

Holdings — Q3 2023

66 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM8.76%$8M25.9K
2RANGE RESOURCES CORPCOM4.47%$4M128.5K
3PETROLEO BRASILEIRO SPONSOREDADR4.09%$4M254.4K
4BUNGE LIMITEDCOM3.59%$3M30.9K
5FRONTLINE PLCCOM3.58%$3M177.8K
6NUTRIEN LTDCOM3.47%$3M52.3K
7INTERNATIONAL SEAWAYS INCCOM3.14%$3M65.1K
8M & T BANK CORPCOM3.10%$3M22.9K
9BANCO BILBAO VIZCAYA A SPONSORADR2.89%$3M334.8K
10INTCINTEL CORPhistory →COM2.87%$3M75.4K
11ISHARES SILVER TRUST ETFISHARES2.87%$3M131.4K
12CXCEMEX SAB DE CV SPONSORED ADRhistory →ADR2.77%$3M398.0K
13PROSHARES SHORT S&P500COM2.70%$3M174.2K
14PAASPAN AMERICAN SILVER CORPhistory →COM2.63%$2M169.4K
15NEMNEWMONT CORPhistory →COM2.49%$2M62.9K
16AMGNAMGEN INC.history →COM2.45%$2M8.5K
17DIANA SHIPPING INCCOM2.38%$2M638.7K
18PROSHARES SHORT QQQ ETFCOM2.37%$2M203.1K
19TOTALENERGIES SEADR2.33%$2M33.0K
20ENEL CHILE S A SPONSORED ADRADR2.20%$2M694.6K
21TELEFONICA BRASIL S. F SPONSORADR2.12%$2M231.1K
22FLRFLUOR CORPhistory →COM2.00%$2M50.7K
23SCHNITZER STL INDS CLASS ACOM1.87%$2M62.5K
24BANCOLOMBIA SAADR1.84%$2M64.2K
25LAZARD LTD F CLASS ACOM1.81%$2M54.5K
26AUANGLOGOLD ASHANTI PLC Fhistory →COM1.80%$2M106.5K
27HTLDHEARTLAND EXPRESShistory →COM1.79%$2M113.8K
28DOLE PLCCOM1.73%$2M139.2K
29TPCTUTOR PERINI CORPhistory →COM1.72%$2M204.7K
30NOKNOKIA CORP SPONSORED ADRhistory →ADR1.65%$2M412.0K
31HLHECLA MINING COhistory →COM1.42%$1M339.7K
32AAPLAPPLE INChistory →COM1.27%$1M6.9K
33AAALCOA CORPhistory →COM1.27%$1M40.6K
34SWBISMITH & WESSON BRANDS INChistory →COM1.20%$1M86.4K
35MCDMCDONALDS CORPCOM0.90%$840,0003.2K
36PEPPEPSICO INCCOM0.68%$631,0003.7K
37JNJJOHNSON & JOHNSONCOM0.60%$558,0003.6K
38PGPROCTER & GAMBLECOM0.58%$537,0003.7K
391/100 BERKSHIRE HTWY CLA 100 SCOM0.57%$531,000100
40MERCK & CO. INC.COM0.56%$525,0005.1K
41UNITEDHEALTH GRP INCCOM0.56%$522,0001.0K
42CVXCHEVRON CORPCOM0.45%$416,0002.5K
43ABBVIE INCCOM0.41%$387,0002.6K
44BKUTKBANK OF UTICA N YCOM0.40%$375,0001.0K
45SCHXSCHWAB US LARGE CAP ETFCOM0.39%$364,0007.2K
46EXXON MOBIL CORPCOM0.36%$336,0002.9K
47AMZNAMAZON.COM INCCOM0.35%$328,0002.6K
48SYYSYSCO CORPCOM0.34%$316,0004.8K
49BRTBRT APARTMENTS CORPCOM0.32%$302,00017.5K
50ORACLE CORPCOM0.31%$290,0002.7K
51CVSCVS HEALTH CORPCOM0.31%$288,0004.1K
52TMOTHERMO FISHER SCIENTIFIC INCCOM0.30%$276,000546
53SPDR GOLD SHARES ETFCOM0.29%$274,0001.6K
54AMERISERV FINANCIAL INCCOM0.28%$265,000100.0K
55ABTABBOTT LABORATORIESCOM0.28%$260,0002.7K
56BABOEING COCOM0.28%$258,0001.3K
57VANGUARD INFORMATION TECHNOLOGCOM0.28%$257,000619
58C3 AI INC CLASS ACOM0.25%$232,0009.1K
59WBAWALGREENS BOOTS ALLIANCE INCCOM0.24%$227,00010.2K
60CISCO SYSTEMS INCCOM0.24%$220,0004.1K
61SPDR S&P MIDCAP 400 ETF IVCOM0.23%$215,000470
62KOTHE COCA-COLA COCOM0.22%$209,0003.7K
63TSCOTRACTOR SUPPLY COMPCOM0.22%$203,0001.0K
64SOUTHWESTERN ENERGYCOM0.10%$95,00014.8K
65OCEANPAL INC FCOM0.06%$53,00018.0K
66NEL ASA ORD FCOM0.01%$11,00013.7K

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 ↗.