Lesa Sroufe & Co

13F filer · CIK 0001492162

Reported Jul 22, 2026

Net buyer this quarter

13F portfolio value$140MU.S. long equity reported on 13F

Positions603 new · 4 closed

Net flow last quarter+$3.89MBuys minus sells

Top 10 positions weight43.8%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 22, 202660 positions
MSFTMicrosoft Corp	$8.8M	6.27%	0.00%	-4.9%	Q2 2013
NEMNEWMONT Corp	$7.85M	5.60%	0.01%	+3.2%	Q2 2013
AUAngloGold Ashanti PLC	$7.03M	5.01%	0.02%	+2.6%	Q2 2013
PAASPan American Silver Corp	$6.75M	4.81%	0.04%	+3.6%	Q2 2013
MTBM&T Bank Corp	$5.97M	4.26%	0.02%	-3.1%	Q2 2013
CIBGrupo Cibest S.A.	$5.47M	3.90%	0.01%	+3.3%	Q1 2026
SLViShares Silver Trust	$5.32M	3.79%	0.02%	+2.9%	Q2 2020
PBRPetrobras - Petroleo Brasileiro SA	$4.78M	3.41%	0.00%	+2.7%	Q3 2017
INSWInternational Seaways, Inc.	$4.72M	3.37%	0.12%	+3.3%	Q2 2021
CXCemex Sab de CV	$4.7M	3.35%	0.00%	+2.9%	Q1 2023
FLRFluor Corp	$4.68M	3.34%	0.07%	+43.7%	Q1 2018
ALKAlaska Air Group, Inc.	$4.58M	3.26%	0.08%	+4.1%	Q3 2024
AAAlcoa Corp	$4.17M	2.97%	0.03%	+2.9%	Q2 2019
HLHecla Mining Co	$3.97M	2.83%	0.04%	+3.4%	Q2 2020
RRCRange Resources Corp	$3.86M	2.75%	0.04%	+3.1%	Q3 2020
HTLDHeartland Express Inc	$3.62M	2.58%	0.31%	+3.4%	Q2 2021
BKHBlack Hills Corp	$3.59M	2.56%	0.06%	+3.0%	Q1 2024
MBLYMobileye Global Inc.	$3.39M	2.42%	0.14%	New	Q2 2026
NTRNutrien Ltd.	$3.36M	2.40%	0.01%	+2.7%	Q1 2018
TPCTutor Perini Corp	$3.27M	2.33%	0.07%	+4.2%	Q2 2019
BGBunge Global SA	$3.25M	2.32%	0.02%	+2.6%	Q1 2016
INVXInnovex International, Inc.	$3.13M	2.23%	0.18%	+2.7%	Q3 2024
AMGNAmgen Inc	$3.07M	2.19%	0.00%	Not reported	Q1 2018
NWENorthWestern Energy Group, Inc.	$3M	2.14%	0.07%	+3.0%	Q2 2025
HEHawaiian Electric Industries Inc	$2.71M	1.93%	0.12%	+3.3%	Q2 2025
SJTSan Juan Basin Royalty Trust	$1.87M	1.33%	Not reported	+67.6%	Q2 2019
DOLEDole plc	$1.86M	1.33%	0.14%	+4.0%	Q2 2013
AAPLApple Inc.	$1.73M	1.24%	0.00%	0.0%	Q2 2013
SWBISmith & Wesson Brands, Inc.	$1.3M	0.92%	0.19%	+3.0%	Q3 2022
MRKMerck & Co., Inc.	$964K	0.69%	0.00%	+233.0%	Q1 2018
JNJJohnson & Johnson	$910K	0.65%	0.00%	Not reported	Q1 2018
MCDMcdonalds Corp	$862K	0.61%	0.00%	Not reported	Q1 2018
GLDSPDR Gold Trust	$782K	0.56%	0.00%	-3.4%	Q2 2013
PCARPaccar Inc	$756K	0.54%	0.00%	Not reported	Q4 2015
BRK.ABerkshire Hathaway Inc	$749K	0.53%	Not reported	Not reported	Q4 2021
ABBVAbbVie Inc.	$654K	0.47%	0.00%	Not reported	Q1 2018
AMZNAmazon Com Inc	$540K	0.39%	0.00%	Not reported	Q1 2018
PGPROCTER & GAMBLE Co	$525K	0.37%	0.00%	Not reported	Q1 2018
PEPPepsico Inc	$484K	0.35%	0.00%	Not reported	Q1 2018
CVXChevron Corp	$479K	0.34%	0.00%	+16.2%	Q3 2013
CSCOCisco Systems, Inc.	$466K	0.33%	0.00%	Not reported	Q2 2013
CVSCVS HEALTH Corp	$410K	0.29%	0.00%	Not reported	Q4 2014
SYYSysco Corp	$400K	0.29%	0.00%	Not reported	Q1 2018
ASRVAmeriserv Financial Inc	$388K	0.28%	0.59%	Not reported	Q2 2013
IAUIshares Gold Trust	$388K	0.28%	0.00%	Not reported	Q2 2013
ORCLOracle Corp	$358K	0.26%	0.00%	Not reported	Q2 2021
JPMJPMorgan Chase & Co	$347K	0.25%	0.00%	Not reported	Q1 2024
MDYSPDR S&P Midcap 400 ETF Trust	$331K	0.24%	Not reported	Not reported	Q2 2021
NVDANvidia Corp	$297K	0.21%	0.00%	+0.1%	Q1 2024
BABoeing Co	$284K	0.20%	0.00%	Not reported	Q1 2018

Q1 2026Reported Apr 27, 202661 positions
MSFTMicrosoft Corp	$9.18M	6.25%	0.00%	+22.3%	Q2 2013
NEMNEWMONT Corp	$8.82M	6.00%	0.01%	+1.0%	Q2 2013
AUAngloGold Ashanti PLC	$8.25M	5.61%	0.02%	-2.6%	Q2 2013
PAASPan American Silver Corp	$7.94M	5.41%	0.03%	+1.6%	Q2 2013
SLViShares Silver Trust	$6.59M	4.49%	0.02%	-0.5%	Q2 2020
PBRPetrobras - Petroleo Brasileiro SA	$5.98M	4.07%	0.00%	-0.2%	Q3 2017
MTBM&T Bank Corp	$5.35M	3.64%	0.02%	+15.4%	Q2 2013
AAAlcoa Corp	$5.15M	3.51%	0.03%	+1.6%	Q2 2019
CIBGrupo Cibest S.A.	$4.85M	3.30%	0.01%	New	Q1 2026
HLHecla Mining Co	$4.63M	3.15%	0.04%	-47.4%	Q2 2020
RRCRange Resources Corp	$4.55M	3.10%	0.04%	+3.3%	Q3 2020
CXCemex Sab de CV	$4.36M	2.96%	0.00%	+1.2%	Q1 2023
TTETotalEnergies SE	$4.35M	2.96%	0.00%	+1.3%	Q2 2013
INSWInternational Seaways, Inc.	$4.35M	2.96%	0.12%	+1.5%	Q2 2021
NTRNutrien Ltd.	$3.92M	2.67%	0.01%	+1.8%	Q1 2018
BGBunge Global SA	$3.78M	2.57%	0.02%	+1.7%	Q1 2016
VIVTelefonica Brasil S.A.	$3.65M	2.48%	0.01%	+2.3%	Q3 2018
BKHBlack Hills Corp	$3.25M	2.21%	0.06%	+1.2%	Q1 2024
ALKAlaska Air Group, Inc.	$3.1M	2.11%	0.08%	+131.7%	Q3 2024
INVXInnovex International, Inc.	$3M	2.04%	0.18%	+1.0%	Q3 2024
AMGNAmgen Inc	$2.99M	2.03%	0.00%	Not reported	Q1 2018
TPCTutor Perini Corp	$2.92M	1.99%	0.07%	-47.9%	Q2 2019
FLRFluor Corp	$2.9M	1.97%	0.04%	+1.3%	Q1 2018
HEHawaiian Electric Industries Inc	$2.88M	1.96%	0.11%	+1.7%	Q2 2025
NWENorthWestern Energy Group, Inc.	$2.68M	1.83%	0.07%	+1.2%	Q2 2025
HTLDHeartland Express Inc	$2.39M	1.63%	0.30%	+4.6%	Q2 2021
DOLEDole plc	$1.87M	1.27%	0.14%	+1.1%	Q2 2013
SJTSan Juan Basin Royalty Trust	$1.67M	1.14%	Not reported	+1.9%	Q2 2019
AAPLApple Inc.	$1.52M	1.04%	0.00%	0.0%	Q2 2013
SWBISmith & Wesson Brands, Inc.	$1.2M	0.82%	0.19%	+11.1%	Q3 2022
MCDMcdonalds Corp	$991K	0.67%	0.00%	Not reported	Q1 2018
GLDSPDR Gold Trust	$946K	0.64%	0.00%	-0.8%	Q2 2013
MRKMerck & Co., Inc.	$921K	0.63%	0.00%	+77.8%	Q1 2018
JNJJohnson & Johnson	$875K	0.60%	0.00%	Not reported	Q1 2018
PCARPaccar Inc	$726K	0.49%	0.00%	Not reported	Q4 2015
BRK.ABerkshire Hathaway Inc	$718K	0.49%	Not reported	Not reported	Q4 2021
ABBVAbbVie Inc.	$565K	0.38%	0.00%	Not reported	Q1 2018
PEPPepsico Inc	$555K	0.38%	0.00%	Not reported	Q1 2018
PGPROCTER & GAMBLE Co	$518K	0.35%	0.00%	+0.4%	Q1 2018
CVXChevron Corp	$514K	0.35%	0.00%	Not reported	Q3 2013
AMZNAmazon Com Inc	$472K	0.32%	0.00%	-2.2%	Q1 2018
IAUIshares Gold Trust	$453K	0.31%	0.00%	Not reported	Q2 2013
ASRVAmeriserv Financial Inc	$362K	0.25%	0.59%	Not reported	Q2 2013
ORCLOracle Corp	$359K	0.24%	0.00%	Not reported	Q2 2021
SYYSysco Corp	$341K	0.23%	0.00%	Not reported	Q1 2018
JPMJPMorgan Chase & Co	$312K	0.21%	0.00%	Not reported	Q1 2024
LNGCheniere Energy, Inc.	$296K	0.20%	0.00%	-8.5%	Q3 2024
CCJCameco Corp	$292K	0.20%	0.00%	-15.7%	Q3 2014
XOMExxonMobil Holdings Corp	$290K	0.20%	0.00%	Not reported	Q2 2013
MDYSPDR S&P Midcap 400 ETF Trust	$290K	0.20%	Not reported	Not reported	Q2 2021

Q4 2025Reported Jan 22, 202662 positions
MSFTMicrosoft Corp	$9.81M	7.30%	0.00%	-0.5%	Q2 2013
HLHecla Mining Co	$9.08M	6.76%	0.07%	+0.2%	Q2 2020
NEMNEWMONT Corp	$8.05M	6.00%	0.01%	0.0%	Q2 2013
PAASPan American Silver Corp	$7.41M	5.52%	0.03%	-27.2%	Q2 2013
AUAngloGold Ashanti PLC	$7.41M	5.52%	0.02%	+1.2%	Q2 2013
SLViShares Silver Trust	$6.26M	4.66%	0.02%	-27.0%	Q2 2020
TPCTutor Perini Corp	$4.86M	3.62%	0.14%	+1.9%	Q2 2019
MTBM&T Bank Corp	$4.52M	3.36%	0.01%	-1.9%	Q2 2013
CXCemex Sab de CV	$4.32M	3.22%	0.00%	+0.4%	Q1 2023
AAAlcoa Corp	$4.06M	3.02%	0.03%	+1.2%	Q2 2019
RRCRange Resources Corp	$3.44M	2.56%	0.04%	-0.4%	Q3 2020
PBRPetrobras - Petroleo Brasileiro SA	$3.42M	2.55%	0.00%	-8.1%	Q3 2017
BKHBlack Hills Corp	$3.21M	2.39%	0.06%	+0.9%	Q1 2024
NTRNutrien Ltd.	$3.15M	2.35%	0.01%	+1.0%	Q1 2018
TTETotalEnergies SE	$3.09M	2.30%	0.00%	+3.6%	Q2 2013
INSWInternational Seaways, Inc.	$2.86M	2.13%	0.12%	-0.4%	Q2 2021
AMGNAmgen Inc	$2.78M	2.07%	0.00%	Not reported	Q1 2018
VIVTelefonica Brasil S.A.	$2.66M	1.98%	0.01%	+0.1%	Q3 2018
INVXInnovex International, Inc.	$2.66M	1.98%	0.18%	+5.7%	Q3 2024
BGBunge Global SA	$2.6M	1.94%	0.02%	+0.7%	Q1 2016
NWENorthWestern Energy Group, Inc.	$2.59M	1.93%	0.07%	+1.2%	Q2 2025
LAZLazard, Inc.	$2.57M	1.91%	0.05%	0.0%	Q3 2016
NOKNokia Corp	$2.48M	1.85%	0.01%	+0.6%	Q2 2013
FLRFluor Corp	$2.43M	1.81%	0.04%	+2.1%	Q1 2018
HEHawaiian Electric Industries Inc	$2.35M	1.75%	0.11%	+0.1%	Q2 2025
HTLDHeartland Express Inc	$1.99M	1.48%	0.28%	-3.6%	Q2 2021
DOLEDole plc	$1.94M	1.44%	0.14%	+2.0%	Q2 2013
SJTSan Juan Basin Royalty Trust	$1.91M	1.42%	Not reported	+0.1%	Q2 2019
ALKAlaska Air Group, Inc.	$1.83M	1.36%	0.03%	-0.7%	Q3 2024
AAPLApple Inc.	$1.63M	1.21%	0.00%	0.0%	Q2 2013
MCDMcdonalds Corp	$974K	0.73%	0.00%	Not reported	Q1 2018
GLDSPDR Gold Trust	$878K	0.65%	0.00%	Not reported	Q2 2013
SWBISmith & Wesson Brands, Inc.	$742K	0.55%	0.17%	-7.7%	Q3 2022
JNJJohnson & Johnson	$741K	0.55%	0.00%	Not reported	Q1 2018
ABBVAbbVie Inc.	$594K	0.44%	0.00%	Not reported	Q1 2018
MRKMerck & Co., Inc.	$537K	0.40%	0.00%	Not reported	Q1 2018
AMZNAmazon Com Inc	$534K	0.40%	0.00%	Not reported	Q1 2018
PEPPepsico Inc	$513K	0.38%	0.00%	-4.2%	Q1 2018
PGPROCTER & GAMBLE Co	$512K	0.38%	0.00%	Not reported	Q1 2018
ORCLOracle Corp	$476K	0.35%	0.00%	Not reported	Q2 2021
IAUIshares Gold Trust	$417K	0.31%	0.00%	Not reported	Q2 2013
CVXChevron Corp	$379K	0.28%	0.00%	Not reported	Q3 2013
SYYSysco Corp	$352K	0.26%	0.00%	Not reported	Q1 2018
JPMJPMorgan Chase & Co	$342K	0.25%	0.00%	Not reported	Q1 2024
ABTAbbott Laboratories	$337K	0.25%	0.00%	Not reported	Q3 2020
ASRVAmeriserv Financial Inc	$319K	0.24%	0.61%	Not reported	Q2 2013
CSCOCisco Systems, Inc.	$315K	0.23%	0.00%	Not reported	Q2 2013
CVSCVS HEALTH Corp	$315K	0.23%	0.00%	Not reported	Q4 2014
CCJCameco Corp	$292K	0.22%	0.00%	Not reported	Q3 2014
BABoeing Co	$285K	0.21%	0.00%	Not reported	Q1 2018

Q3 2025Reported Oct 23, 202562 positions
MSFTMicrosoft Corp	$10.6M	8.53%	0.00%	+0.1%	Q2 2013
PAASPan American Silver Corp	$7.61M	6.14%	0.05%	+0.3%	Q2 2013
NEMNEWMONT Corp	$6.8M	5.49%	0.01%	+0.1%	Q2 2013
AUAngloGold Ashanti PLC	$6.04M	4.88%	0.02%	-32.8%	Q2 2013
HLHecla Mining Co	$5.72M	4.62%	0.07%	+0.8%	Q2 2020
SLViShares Silver Trust	$5.64M	4.56%	0.03%	+4.7%	Q2 2020
TPCTutor Perini Corp	$4.67M	3.77%	0.13%	+0.9%	Q2 2019
MTBM&T Bank Corp	$4.52M	3.65%	0.01%	Not reported	Q2 2013
PBRPetrobras - Petroleo Brasileiro SA	$3.98M	3.21%	0.00%	-8.5%	Q3 2017
RRCRange Resources Corp	$3.69M	2.98%	0.04%	+1.0%	Q3 2020
CXCemex Sab de CV	$3.37M	2.72%	0.00%	+0.8%	Q1 2023
NTRNutrien Ltd.	$2.97M	2.40%	0.01%	-1.0%	Q1 2018
VIVTelefonica Brasil S.A.	$2.86M	2.31%	0.01%	-0.5%	Q3 2018
BKHBlack Hills Corp	$2.82M	2.28%	0.06%	+0.5%	Q1 2024
LAZLazard, Inc.	$2.79M	2.25%	0.05%	+0.4%	Q3 2016
INSWInternational Seaways, Inc.	$2.72M	2.20%	0.12%	+1.5%	Q2 2021
TTETotalEnergies SE	$2.72M	2.20%	0.00%	Not reported	Q2 2013
FLRFluor Corp	$2.53M	2.04%	0.04%	+1.4%	Q1 2018
AAAlcoa Corp	$2.48M	2.01%	0.03%	+0.5%	Q2 2019
AMGNAmgen Inc	$2.4M	1.94%	0.00%	Not reported	Q1 2018
BGBunge Global SA	$2.36M	1.90%	0.01%	-0.9%	Q1 2016
NWENorthWestern Energy Group, Inc.	$2.33M	1.88%	0.06%	+0.2%	Q2 2025
INVXInnovex International, Inc.	$2.13M	1.72%	0.17%	+0.5%	Q3 2024
HEHawaiian Electric Industries Inc	$2.11M	1.70%	0.11%	+1.1%	Q2 2025
SJTSan Juan Basin Royalty Trust	$2.05M	1.66%	Not reported	+1.0%	Q2 2019
HTLDHeartland Express Inc	$1.91M	1.54%	0.29%	-0.4%	Q2 2021
NOKNokia Corp	$1.83M	1.48%	0.01%	-0.3%	Q2 2013
ALKAlaska Air Group, Inc.	$1.82M	1.47%	0.03%	+0.7%	Q3 2024
DOLEDole plc	$1.7M	1.37%	0.13%	-0.4%	Q2 2013
AAPLApple Inc.	$1.53M	1.23%	0.00%	0.0%	Q2 2013
MCDMcdonalds Corp	$969K	0.78%	0.00%	Not reported	Q1 2018
SWBISmith & Wesson Brands, Inc.	$801K	0.65%	0.18%	+0.4%	Q3 2022
GLDSPDR Gold Trust	$787K	0.64%	0.00%	+36.7%	Q2 2013
ORCLOracle Corp	$686K	0.55%	0.00%	Not reported	Q2 2021
JNJJohnson & Johnson	$664K	0.54%	0.00%	Not reported	Q1 2018
ABBVAbbVie Inc.	$602K	0.49%	0.00%	Not reported	Q1 2018
PGPROCTER & GAMBLE Co	$549K	0.44%	0.00%	Not reported	Q1 2018
PEPPepsico Inc	$523K	0.42%	0.00%	Not reported	Q1 2018
AMZNAmazon Com Inc	$508K	0.41%	0.00%	+0.5%	Q1 2018
MRKMerck & Co., Inc.	$428K	0.35%	0.00%	Not reported	Q1 2018
SYYSysco Corp	$394K	0.32%	0.00%	Not reported	Q1 2018
CVXChevron Corp	$386K	0.31%	0.00%	+1.4%	Q3 2013
IAUIshares Gold Trust	$374K	0.30%	0.00%	Not reported	Q2 2013
ABTAbbott Laboratories	$360K	0.29%	0.00%	Not reported	Q3 2020
NVDANvidia Corp	$358K	0.29%	0.00%	-3.0%	Q1 2024
JPMJPMorgan Chase & Co	$335K	0.27%	0.00%	Not reported	Q1 2024
UNHUnitedhealth Group Inc	$303K	0.24%	0.00%	Not reported	Q1 2018
CVSCVS HEALTH Corp	$299K	0.24%	0.00%	Not reported	Q4 2014
ASRVAmeriserv Financial Inc	$290K	0.23%	0.61%	Not reported	Q2 2013
BABoeing Co	$283K	0.23%	0.00%	Not reported	Q1 2018

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