SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Lesa Sroufe & Co

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

Reported Value
$103M
Q2 2024
Positions
71
Filings on Record
28
2019–present window
Filed
Jul 9, 2024
original filing

Summary

Lesa Sroufe & Co reported $103M in U.S.-listed holdings across 71 positions for Q2 2024.

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

Compared with Q1 2024, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+42.8%
share of reported value
Largest Position
+9.9%
Microsoft
New / Exited
2 / 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: 50.3%Other: 43.3%ADR: 3.9%ETP: 1.1%Royalty Trst: 1.1%REIT: 0.3%
  • Common Stock · 50.3% · $52M
  • Other · 43.3% · $45M
  • ADR · 3.9% · $4M
  • ETP · 1.1% · $1M
  • Royalty Trst · 1.1% · $1M
  • REIT · 0.3% · $306,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SJTSAN JUAN BASIN ROYAL ROYALTY TNEW+272.0K272.0K+$1M$1M
ANTERO RESOURCES CORNEW+6.8K6.8K+$221,000$221,000
NVIDIA CORPADDED+2.6K2.9K+$99,000$361,000
BANCOLOMBIA S.A. FSPONSORED ADSOLD OUT−64.8K0−$2M$0
PROSHARES SHORT S&P500SOLD OUT−173.3K0−$2M$0
IBMIBM CORPSOLD OUT−1.1K0−$209,000$0
CISCO SYSTEMS INCSOLD OUT−4.1K0−$204,000$0
BRK/BBERKSHIRE HATHAWAY INC CL BSOLD OUT−4800−$202,000$0

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

Holdings — Q2 2024

71 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM9.92%$10M22.9K
2TPCTUTOR PERINI CORPhistory →COM4.29%$4M202.6K
3RANGE RESOURCES CORPCOM4.19%$4M128.8K
4PAASPAN AMERICAN SILVER CORPhistory →COM3.98%$4M206.3K
5INTERNATIONAL SEAWAYS INCCOM3.63%$4M63.2K
6PETROLEO BRASILEIRO SPONSOREDADR3.51%$4M249.7K
7M & T BANK CORPCOM3.36%$3M22.9K
8ISHARES SILVER TRUST ETFISHARES3.35%$3M129.8K
9NEMNEWMONT CORPhistory →COM3.32%$3M81.6K
10AUANGLOGOLD ASHANTI PLC Fhistory →COM3.28%$3M134.3K
11BANCO BILBAO VIZCAYA A SPONSORADR3.27%$3M335.4K
12BUNGE GLOBAL SA FCOM3.23%$3M31.1K
13AMGNAMGEN INC.history →COM2.58%$3M8.5K
14NUTRIEN LTDCOM2.57%$3M51.9K
15CXCEMEX SAB DE CV SPONSORED ADRhistory →ADR2.45%$3M394.4K
16HLHECLA MINING COhistory →COM2.30%$2M487.9K
17BKHBLACK HILLS CORPhistory →COM2.29%$2M43.3K
18INTCINTEL CORPhistory →COM2.27%$2M75.4K
19FLRFLUOR CORPhistory →COM2.13%$2M50.4K
20LAZARD INCCOM2.01%$2M54.2K
21ENEL CHILE S A SPONSORED ADRADR1.90%$2M700.0K
22DIANA SHIPPING INCCOM1.84%$2M662.7K
23TELEFONICA BRASIL S. F SPONSORADR1.81%$2M226.7K
24DOLE PLCCOM1.58%$2M133.2K
25DRILL-QUIP INCCOM1.56%$2M86.3K
26AAALCOA CORPhistory →COM1.55%$2M40.2K
27PROSHARES SHORT QQQ ETFCOM1.54%$2M39.2K
28NOKNOKIA CORP SPONSORED ADRhistory →ADR1.49%$2M405.6K
29AAPLAPPLE INChistory →COM1.38%$1M6.8K
30HTLDHEARTLAND EXPRESShistory →COM1.34%$1M112.0K
31SWBISMITH & WESSON BRANDS INChistory →COM1.22%$1M87.6K
32SJTSAN JUAN BASIN ROYAL ROYALTY Thistory →COM1.07%$1M272.0K
33RADIUS RECYCLING INC CLASS ACOM0.91%$940,00061.6K
34MCDMCDONALDS CORPCOM0.79%$812,0003.2K
35MERCK & CO. INC.COM0.61%$631,0005.1K
36PEPPEPSICO INCCOM0.60%$615,0003.7K
371/100 BERKSHIRE HTWY CLA 100 SCOM0.59%$612,000100
38PGPROCTER & GAMBLECOM0.59%$608,0003.7K
39JNJJOHNSON & JOHNSONCOM0.51%$523,0003.6K
40UNITEDHEALTH GRP INCCOM0.51%$522,0001.0K
41SCHXSCHWAB US LARGE CAP ETFCOM0.45%$465,0007.2K
42AMZNAMAZON.COM INCCOM0.44%$451,0002.3K
43ABBVIE INCCOM0.43%$446,0002.6K
44BKUTKBANK OF UTICA N YCOM0.38%$390,0001.0K
45ORACLE CORPCOM0.37%$386,0002.7K
46CVXCHEVRON CORPCOM0.37%$384,0002.5K
47NVIDIA CORPCOM0.35%$361,0002.9K
48SPDR GOLD SHARES ETFCOM0.33%$344,0001.6K
49SYYSYSCO CORPCOM0.33%$341,0004.8K
50EXXON MOBIL CORPCOM0.32%$329,0002.9K
51VANGUARD INFORMATION TECHNOLOGCOM0.31%$321,000557
52BRTBRT APARTMENTS CORPCOM0.30%$306,00017.5K
53C3 AI INC CLASS ACOM0.29%$296,00010.2K
54TMOTHERMO FISHER SCIENTIFIC INCCOM0.28%$293,000530
55ABTABBOTT LABORATORIESCOM0.27%$279,0002.7K
56TSCOTRACTOR SUPPLY COMPCOM0.26%$270,0001.0K
57COSTCO WHOLESALE COCOM0.26%$263,000310
58TOTALENERGIES SEADR0.25%$261,0003.9K
59SPDR S&P MIDCAP 400 ETF IVCOM0.24%$251,000470
60BABOEING COCOM0.24%$245,0001.3K
61CVSCVS HEALTH CORPCOM0.24%$244,0004.1K
62KOTHE COCA-COLA COCOM0.23%$238,0003.7K
63SCHFSCHWAB INTERNATIONAL EQUITY ETCOM0.22%$230,0006.0K
64VUGVANGUARD GROWTH ETFCOM0.22%$228,000609
65AMERISERV FINANCIAL INCCOM0.22%$226,000100.0K
66DISWALT DISNEY COCOM0.21%$221,0002.2K
67ANTERO RESOURCES CORCOM0.21%$221,0006.8K
68IAUISHARES GOLD TRUSTISHARES0.21%$221,0005.0K
69JPMORGAN CHASE & COCOM0.21%$215,0001.1K
70WBAWALGREENS BOOTS ALLIANCE INCCOM0.12%$123,00010.2K
71SOUTHWESTERN ENERGYCOM0.10%$100,00014.8K

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 ↗.