SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Lesa Sroufe & Co

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

Reported Value
$98M
Q4 2023
Positions
65
Filings on Record
28
2019–present window
Filed
Feb 1, 2024
original filing

Summary

Lesa Sroufe & Co reported $98M in U.S.-listed holdings across 65 positions for Q4 2023.

Its largest position, MSFT, represents 9.9% of the portfolio.

Compared with Q3 2023, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+11.0%
vs prior filed quarter
Top-10 Concentration
+41.9%
share of reported value
Largest Position
+9.9%
Microsoft
New / Exited
4 / 5
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: 48.3%Other: 46.2%ADR: 4.5%ETP: 0.6%REIT: 0.3%
  • Common Stock · 48.3% · $47M
  • Other · 46.2% · $45M
  • ADR · 4.5% · $4M
  • ETP · 0.6% · $632,000
  • REIT · 0.3% · $325,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DRILL-QUIP INCNEW+87.9K87.9K+$2M$2M
SCHNITZER STL INDS CLASS ANEW+62.6K62.6K+$2M$2M
SCHFSCHWAB INTERNATIONAL EQUITY ETNEW+6.0K6.0K+$221,000$221,000
DISWALT DISNEY CONEW+2.2K2.2K+$201,000$201,000
FRONTLINE PLCSOLD OUT−177.8K0−$3M$0
SCHNITZER STL INDS CLASS ASOLD OUT−62.5K0−$2M$0
BANCOLOMBIA SASOLD OUT−64.2K0−$2M$0
OCEANPAL INC FSOLD OUT−18.0K0−$53,000$0

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

Holdings — Q4 2023

65 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM9.92%$10M25.9K
2PETROLEO BRASILEIRO SPONSOREDADR4.14%$4M253.9K
3RANGE RESOURCES CORPCOM4.10%$4M131.8K
4INTCINTEL CORPhistory →COM3.92%$4M76.5K
5PAASPAN AMERICAN SILVER CORPhistory →COM3.50%$3M209.8K
6NEMNEWMONT CORPhistory →COM3.49%$3M82.7K
7BUNGE GLOBAL SA FCOM3.27%$3M31.7K
8M & T BANK CORPCOM3.20%$3M22.9K
9BANCO BILBAO VIZCAYA A SPONSORADR3.19%$3M343.3K
10CXCEMEX SAB DE CV SPONSORED ADRhistory →ADR3.16%$3M399.2K
11NUTRIEN LTDCOM3.04%$3M52.8K
12INTERNATIONAL SEAWAYS INCCOM3.02%$3M65.0K
13ISHARES SILVER TRUST ETFISHARES2.94%$3M132.1K
14AUANGLOGOLD ASHANTI PLC Fhistory →COM2.60%$3M136.1K
15TELEFONICA BRASIL S. F SPONSORADR2.57%$3M229.9K
16AMGNAMGEN INC.history →COM2.49%$2M8.5K
17HLHECLA MINING COhistory →COM2.43%$2M494.9K
18ENEL CHILE S A SPONSORED ADRADR2.30%$2M695.3K
19PROSHARES SHORT S&P500COM2.25%$2M170.0K
20DRILL-QUIP INCCOM2.09%$2M87.9K
21DIANA SHIPPING INCCOM2.06%$2M679.0K
22FLRFLUOR CORPhistory →COM2.02%$2M50.6K
23PROSHARES SHORT QQQ ETFCOM1.94%$2M200.6K
24SCHNITZER STL INDS CLASS ACOM1.93%$2M62.6K
25LAZARD INCCOM1.87%$2M52.6K
26TPCTUTOR PERINI CORPhistory →COM1.84%$2M197.6K
27DOLE PLCCOM1.70%$2M135.9K
28HTLDHEARTLAND EXPRESShistory →COM1.60%$2M110.2K
29AAALCOA CORPhistory →COM1.42%$1M40.8K
30NOKNOKIA CORP SPONSORED ADRhistory →ADR1.39%$1M398.5K
31AAPLAPPLE INChistory →COM1.34%$1M6.8K
32SWBISMITH & WESSON BRANDS INChistory →COM1.22%$1M87.8K
33MCDMCDONALDS CORPCOM0.96%$945,0003.2K
34PEPPEPSICO INCCOM0.65%$633,0003.7K
35JNJJOHNSON & JOHNSONCOM0.57%$561,0003.6K
36MERCK & CO. INC.COM0.57%$556,0005.1K
371/100 BERKSHIRE HTWY CLA 100 SCOM0.55%$543,000100
38UNITEDHEALTH GRP INCCOM0.55%$540,0001.0K
39PGPROCTER & GAMBLECOM0.55%$540,0003.7K
40SCHXSCHWAB US LARGE CAP ETFCOM0.42%$411,0007.3K
41ABBVIE INCCOM0.41%$403,0002.6K
42BKUTKBANK OF UTICA N YCOM0.38%$370,0001.0K
43CVXCHEVRON CORPCOM0.37%$367,0002.5K
44AMZNAMAZON.COM INCCOM0.36%$356,0002.3K
45BABOEING COCOM0.36%$350,0001.3K
46SYYSYSCO CORPCOM0.36%$350,0004.8K
47CVSCVS HEALTH CORPCOM0.33%$326,0004.1K
48BRTBRT APARTMENTS CORPCOM0.33%$325,00017.5K
49AMERISERV FINANCIAL INCCOM0.33%$323,000100.0K
50SPDR GOLD SHARES ETFCOM0.31%$306,0001.6K
51VANGUARD INFORMATION TECHNOLOGCOM0.31%$300,000619
52ABTABBOTT LABORATORIESCOM0.30%$296,0002.7K
53ORACLE CORPCOM0.29%$288,0002.7K
54EXXON MOBIL CORPCOM0.29%$286,0002.9K
55TMOTHERMO FISHER SCIENTIFIC INCCOM0.29%$281,000530
56TOTALENERGIES SEADR0.27%$267,0004.0K
57WBAWALGREENS BOOTS ALLIANCE INCCOM0.27%$266,00010.2K
58C3 AI INC CLASS ACOM0.27%$262,0009.1K
59SPDR S&P MIDCAP 400 ETF IVCOM0.24%$238,000470
60SCHFSCHWAB INTERNATIONAL EQUITY ETCOM0.23%$221,0006.0K
61KOTHE COCA-COLA COCOM0.22%$220,0003.7K
62TSCOTRACTOR SUPPLY COMPCOM0.22%$215,0001.0K
63CISCO SYSTEMS INCCOM0.21%$206,0004.1K
64DISWALT DISNEY COCOM0.21%$201,0002.2K
65SOUTHWESTERN ENERGYCOM0.10%$97,00014.8K

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 ↗.