SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Lesa Sroufe & Co

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

Reported Value
$100M
Q1 2025
Positions
73
Filings on Record
28
2019–present window
Filed
Apr 18, 2025
original filing

Summary

Lesa Sroufe & Co reported $100M in U.S.-listed holdings across 73 positions for Q1 2025.

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

Compared with Q3 2024, the fund opened 4 new positions and exited 8.

Portfolio Metrics

Turnover
+10.7%
vs prior filed quarter
Top-10 Concentration
+44.8%
share of reported value
Largest Position
+7.6%
Microsoft
New / Exited
4 / 8
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: 48.7%Other: 44.0%ADR: 4.0%Royalty Trst: 1.8%ETP: 1.2%REIT: 0.3%
  • Common Stock · 48.7% · $49M
  • Other · 44.0% · $44M
  • ADR · 4.0% · $4M
  • Royalty Trst · 1.8% · $2M
  • ETP · 1.2% · $1M
  • REIT · 0.3% · $297,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
NWENORTHWESTERN ENERGY GROUP INCNEW+37.4K37.4K+$2M$2M
HEHAWAIIAN ELECTRIC INDUSTRIESNEW+182.1K182.1K+$2M$2M
ANTERO RESOURCES CORNEW+6.8K6.8K+$273,000$273,000
COMPCOMPASS INCNEW+25.1K25.1K+$219,000$219,000
SCHXSCHWAB US LARGE CAP ETFADDED+12.5K19.8K−$59,000$438,000
PROSHARES SHORT QQQ ETFSOLD OUT−39.2K0−$2M$0
RADIUS RECYCLING INC CLASS ASOLD OUT−61.6K0−$1M$0
TMOTHERMO FISHER SCNTFCSOLD OUT−5300−$328,000$0

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

Holdings — Q1 2025

70 positions (from 73 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM7.63%$8M20.4K
2PAASPAN AMERN SILVER CORP Fhistory →COM4.95%$5M192.2K
3PETROLEO BRASILEIRO F SPONSOREADR4.89%$5M341.7K
4ANGLOGOLD ASHANTI PLC FCOM4.65%$5M125.4K
5BANCO BILBAO VIZCAYA A F SPONSADR4.25%$4M312.8K
6M & T BANK CORPCOM4.08%$4M22.9K
7ISHARES SILVER TRUST ETFISHARES3.89%$4M125.7K
8NEMNEWMONT CORPhistory →COM3.82%$4M79.2K
9RANGE RESOURCES CORPCOM3.78%$4M94.7K
10TPCTUTOR PERINI CORPhistory →COM2.90%$3M125.4K
11BKHBLACK HILLS CORPhistory →COM2.65%$3M43.8K
12AMGNAMGEN INC.history →COM2.64%$3M8.5K
13HLHECLA MINING COhistory →COM2.53%$3M455.7K
14NUTRIEN LTD FCOM2.51%$3M50.6K
15BUNGE GLOBAL SA FCOM2.21%$2M29.0K
16LAZARD INCCOM2.21%$2M51.1K
17NWENORTHWESTERN ENERGY GROUP INChistory →COM2.16%$2M37.4K
18CXCEMEX SAB DE C V F SPONSORED Ahistory →ADR2.04%$2M364.9K
19HEHAWAIIAN ELECTRIC INDUSTRIEShistory →COM1.99%$2M182.1K
20NOKNOKIA OYJ F SPONSORED ADR 1 ADhistory →ADR1.94%$2M369.0K
21INTERNATIONAL SEAWAYS INC FCOM1.91%$2M57.6K
22TELEFONICA BRASIL S. F SPONSORADR1.87%$2M214.9K
23DOLE PLC FCOM1.78%$2M123.7K
24SJTSAN JUAN BASIN ROYAL ROYALTY Thistory →COM1.77%$2M320.3K
25ALKALASKA AIR GROUP INChistory →COM1.74%$2M35.5K
26FLRFLUOR CORPhistory →COM1.73%$2M48.3K
27INVXINNOVEX INTERNATIONAL INChistory →COM1.56%$2M86.8K
28INTCINTEL CORPhistory →COM1.55%$2M68.3K
29AAPLAPPLE INChistory →COM1.34%$1M6.1K
30AAALCOA CORPhistory →COM1.13%$1M37.1K
31HTLDHEARTLAND EXPRESSCOM1.00%$999,000108.3K
32MCDMCDONALDS CORPCOM0.99%$996,0003.2K
33BERKSHIRE HATHAWAY INC DCLASSCOM0.80%$798,0001
34SWBISMITH & WESSON BRANDS INCOM0.73%$735,00078.9K
35VANGUARD INFORMATION TECHNOLOGCOM0.65%$648,0001.1K
36PGPROCTER & GAMBLECOM0.61%$608,0003.6K
37JNJJOHNSON & JOHNSONCOM0.59%$594,0003.6K
38PEPPEPSICO INCCOM0.56%$559,0003.7K
39ABBVIE INCCOM0.54%$545,0002.6K
40BKUTKBANK OF UTICA N YCOM0.47%$473,0001.0K
41DISWALT DISNEY COCOM0.47%$468,0004.5K
42SPDR GOLD SHARES ETFCOM0.47%$467,0001.6K
43UNITEDHEALTH GROUP INCCOM0.46%$459,000877
44MERCK & CO. INC.COM0.46%$458,0005.1K
45AMZNAMAZON.COM INCCOM0.44%$443,0002.3K
46SCHXSCHWAB US LARGE CAP ETFCOM0.44%$438,00019.8K
47CVXCHEVRON CORPCOM0.41%$410,0002.5K
48ORACLE CORPCOM0.36%$361,0002.6K
49SYYSYSCO CORPCOM0.36%$359,0004.8K
50ABTABBOTT LABORATORIESCOM0.36%$357,0002.7K
51BRTBRT APARTMENTS CORPCOM0.30%$297,00017.5K
52IAUISHARES GOLD ETFISHARES0.30%$296,0005.0K
53EXXON MOBIL CORPCOM0.27%$275,0002.3K
54ANTERO RESOURCES CORCOM0.27%$273,0006.8K
55CVSCVS HEALTH CORPCOM0.27%$269,0004.0K
56CHENIERE ENERGY INCCOM0.26%$264,0001.1K
57J P MORGAN CHASE & COCOM0.26%$260,0001.1K
58BRK/BBERKSHIRE HATHAWAY INC CL BCOM0.26%$256,000480
59CISCO SYSTEMS INCCOM0.25%$252,0004.1K
60SPDR S&P MIDCAP 400 ETFCOM0.25%$251,000470
61VUGVANGUARD GROWTH INDEX FUND ETFCOM0.25%$250,000609
62AMERISERV FINLCOM0.24%$243,000100.0K
63IBMIBM CORPCOM0.23%$235,000945
64NVIDIA CORPCOM0.23%$228,0002.1K
65BABOEING COCOM0.22%$224,0001.3K
66COMPCOMPASS INCCOM0.22%$219,00025.1K
67SCHFSCHWAB INTERNATIONAL EQUITY ETCOM0.22%$217,00011.0K
68WBAWALGREENS BOOTS ALLICOM0.21%$209,00020.4K
69TOTALENERGIES SEADR0.21%$206,0003.2K
70ENEL CHILE S A F SPONSORED ADRADR0.04%$40,00012.2K

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 ↗.