Lesa Sroufe & Co
Reported holdings as of Q2 2026, from 29 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $8.8M | 23,584 | +0.02pp | 29q | -4.9%-$455.1K | |
| NEWMONT CORP | NEM | $7.8M | 84,044 | -0.40pp | 29q | +3.2%+$240.7K | |
| ANGLOGOLD ASHANTI PLC | AU | $7.0M | 86,896 | -0.60pp | 11q | +2.6%+$178.4K | |
| PAN AMERN SILVER CORP | PAAS | $6.7M | 150,612 | -0.60pp | 29q | +3.6%+$233.9K | |
| M & T BK CORP | MTB | $6.0M | 25,074 | +0.62pp | 29q | -3.1%-$190.4K | |
| GRUPO CIBEST SA | CIB | $5.5M | 68,797 | +0.60pp | 2q | +3.3%+$172.3K | |
| ISHARES SILVER TR | SLV | $5.3M | 99,461 | -0.69pp | 24q | +2.9%+$147.5K | |
| PETROLEO BRASILEIRO S A | PBR | $4.8M | 296,011 | -0.66pp | 29q | +2.7%+$127.0K | |
| INTERNATIONAL SEAWAYS INC | INSW | $4.7M | 61,628 | +0.41pp | 20q | +3.3%+$148.6K | |
| CEMEX SA EURO MTN BE 144A | CX | $4.7M | 391,799 | +0.39pp | 13q | +2.9%+$133.2K | |
| FLUOR CORP | FLR | $4.7M | 89,330 | +1.36pp | 29q | +43.7%+$1.4M | |
| ALASKA AIR GROUP INC | ALK | $4.6M | 87,688 | +1.16pp | 7q | +4.1%+$180.3K | |
| ALCOA CORP | AA | $4.2M | 79,928 | -0.53pp | 28q | +2.9%+$118.8K | |
| HECLA MINING COMPANY | HL | $4.0M | 257,071 | -0.32pp | 23q | +3.4%+$129.3K | |
| RANGE RES CORP | RRC | $3.9M | 103,808 | -0.34pp | 22q | +3.1%+$115.3K | |
| HEARTLAND EXPRESS INC | HTLD | $3.6M | 237,729 | +0.95pp | 19q | +3.4%+$119.9K | |
| BLACK HILLS CORP | BKH | $3.6M | 48,246 | +0.35pp | 9q | +3.0%+$105.3K | |
| MOBILEYE GLOBAL INC | MBLY | $3.4M | 350,045 | - | new | NEW | |
| NUTRIEN LTD | NTR | $3.4M | 53,387 | -0.27pp | 29q | +2.7%+$87.2K | |
| TUTOR PERINI CORP | TPC | $3.3M | 39,362 | +0.34pp | 27q | +4.2%+$130.7K | |
| BUNGE GLOBAL SA | BG | $3.3M | 30,470 | -0.25pp | 7q | +2.6%+$81.5K | |
| INNOVEX INTERNATIONAL INC | INVX | $3.1M | 126,150 | +0.19pp | 7q | +2.7%+$83.4K | |
| AMGEN INC | AMGN | $3.1M | 8,490 | +0.16pp | 29q | HELD | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $3.0M | 41,857 | +0.31pp | 6q | +3.0%+$86.1K | |
| PROSHARES TR | PSQ | $2.8M | 112,471 | -0.37pp | 5q | +3.5%+$94.1K | |
| HAWAIIAN ELEC INDS INC MTN B | HE | $2.7M | 200,306 | -0.03pp | 6q | +3.3%+$85.6K | |
| SAN JUAN BASIN RTY TR | SJT | $1.9M | 581,264 | +0.20pp | 8q | +67.6%+$752.5K | |
| DOLE PLC | DOLE | $1.9M | 135,817 | +0.06pp | 17q | +4.0%+$71.2K | |
| APPLE INC | AAPL | $1.7M | 5,993 | +0.20pp | 29q | HELD | |
| SMITH & WESSON BRANDS INC | SWBI | $1.3M | 86,094 | +0.11pp | 15q | +3.0%+$38.0K | |
| MERCK & CO INC | MRK | $964.0K | 30,189 | +0.06pp | 29q | +233.0%+$674.5K | |
| JOHNSON & JOHNSON | JNJ | $910.0K | 3,581 | +0.05pp | 29q | HELD | |
| MCDONALDS CORP | MCD | $862.0K | 3,188 | -0.06pp | 29q | HELD | |
| SPDR GOLD TR | GLD | $782.0K | 2,124 | -0.09pp | 29q | -3.4%-$27.2K | |
| PACCAR INC | PCAR | $756.0K | 6,290 | +0.04pp | 2q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $749.0K | 1 | +0.05pp | 2q | HELD | |
| SPDR SERIES TRUST | BIL | $697.0K | 7,608 | - | new | NEW | |
| ABBVIE INC | ABBV | $654.0K | 2,599 | +0.08pp | 23q | HELD | |
| BANK OF UTICA N Y | BKUTK | $630.0K | 1,000 | +0.04pp | 29q | HELD | |
| AMAZON COM INC | AMZN | $540.0K | 2,264 | +0.06pp | 29q | HELD | |
| PROCTER & GAMBLE CO | PG | $525.0K | 3,583 | +0.02pp | 29q | HELD | |
| PEPSICO INC | PEP | $484.0K | 3,572 | -0.03pp | 29q | HELD | |
| CHEVRON CORPORATION | CVX | $479.0K | 2,888 | -0.01pp | 20q | +16.2%+$66.8K | |
| CISCO SYS INC | CSCO | $466.0K | 3,967 | - | new | NEW | |
| CVS HEALTH CORP | CVS | $410.0K | 3,965 | +0.10pp | 29q | HELD | |
| SYSCO CORP | SYY | $400.0K | 4,781 | +0.05pp | 29q | HELD | |
| AMERICAN FUNDS GROWTH FU | $398.0K | 4,509 | +0.06pp | 2q | HELD | ||
| AMERISERV FINL INC | ASRV | $388.0K | 100,000 | +0.03pp | 29q | HELD | |
| ISHARES GOLD TR | IAU | $388.0K | 5,142 | -0.03pp | 9q | HELD | |
| ORACLE CORP | ORCL | $358.0K | 2,441 | +0.01pp | 14q | HELD | |
| JPMORGAN CHASE & CO | JPM | $347.0K | 1,061 | +0.04pp | 9q | HELD | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $331.0K | 470 | +0.04pp | 14q | HELD | |
| NVIDIA CORPORATION | NVDA | $297.0K | 1,484 | +0.04pp | 9q | HELD | |
| BOEING CO | BA | $284.0K | 1,312 | +0.02pp | 14q | HELD | |
| CAMECO CORP | CCJ | $274.0K | 2,690 | flat | 5q | HELD | |
| CHENIERE ENERGY INC | LNG | $249.0K | 1,043 | -0.02pp | 7q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $247.0K | 880 | +0.03pp | 7q | HELD | |
| ORMAT TECHNOLOGIES INC | ORA | $247.0K | 2,270 | flat | 3q | HELD | |
| ABBOTT LABORATORIES | ABT | $244.0K | 2,689 | -0.01pp | 22q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $240.0K | 480 | +0.01pp | 7q | HELD | |
| SCHWAB STRATEGIC TR | SCHX | $230.0K | 7,831 | - | new | NEW | |
| DISNEY WALT CO | DIS | $215.0K | 2,231 | +0.01pp | 10q | HELD | |
| GE AEROSPACE | GE | $213.0K | 570 | - | new | NEW | |
| BRT APARTMENTS CORP | BRT | $207.0K | 13,479 | +0.03pp | 29q | HELD | |
| DOUBLELINE | $99.0K | 10,273 | - | new | NEW | ||
| ENEL CHILE S.A. | ENIC | $55.0K | 12,235 | +0.01pp | 20q | HELD | |
| SEACO LTD | SEAOF | $0 | 20,000 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Mining & Metals | $30.0M | 21.4% |
| Transport & Logistics | $12.9M | 9.2% |
| Construction & Building | $12.6M | 9.0% |
| Software & IT Services | $12.5M | 8.9% |
| Banks & Lending | $12.2M | 8.7% |
| Utilities | $9.6M | 6.8% |
| Energy | $9.4M | 6.7% |
| Capital Markets | $6.5M | 4.6% |
| Biotech & Pharma | $5.8M | 4.2% |
| Industrials | $4.4M | 3.2% |
| Chemicals | $3.9M | 2.8% |
| Food, Drink & Tobacco | $3.7M | 2.7% |
| Other sectors | $11.7M | 8.3% |
| Not classified | $4.9M | 3.5% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -5.1% | +14.8% | -20.0% | 100% |
| Q1 2026 | +9.3% | -4.6% | +13.9% | 99% |
| Q4 2025 | +12.9% | +2.4% | +10.5% | 99% |
| Q3 2025 | +16.0% | +7.8% | +8.2% | 99% |
| Q2 2025 | +10.6% | +10.5% | +0.2% | 99% |
| Q4 2024 | -6.7% | +2.1% | -8.9% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.3% | 91% |
| Q2 2024 | +0.9% | +4.0% | -3.2% | 96% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $140.2M | 67 | 7 | 27 | 3 | 7 | 43.8% | 22 |
| Q1 2026 | $146.9M | 67 | 5 | 26 | 11 | 6 | 45.4% | 27 |
| Q4 2025 | $134.3M | 68 | 2 | 12 | 13 | 2 | 49.0% | 22 |
| Q3 2025 | $123.8M | 68 | 2 | 14 | 8 | 4 | 47.8% | 23 |
| Q2 2025 | $108.8M | 70 | 4 | 27 | 9 | 4 | 45.4% | 29 |
| Q1 2025 | $100.2M | 70 | 4 | 8 | 35 | 8 | 44.8% | 18 |
| Q3 2024 | $107.1M | 74 | 10 | 5 | 4 | 7 | 43.4% | 16 |
| Q2 2024 | $103.0M | 71 | 2 | 4 | 28 | 5 | 42.8% | 9 |
| Q1 2024 | $106.9M | 74 | 9 | 8 | 4 | 0 | 39.5% | 36 |
| Q4 2023 | $98.0M | 65 | 4 | 13 | 13 | 5 | 41.9% | 32 |
| Q3 2023 | $93.3M | 66 | 3 | 1 | 32 | 4 | 40.0% | 19 |
| Q2 2023 | $93.7M | 67 | 0 | 4 | 31 | 4 | 38.5% | 20 |
| Q1 2023 | $98.9M | 71 | 5 | 30 | 5 | 2 | 37.6% | 19 |
| Q4 2022 | $90.2M | 68 | 8 | 1 | 14 | 5 | 38.5% | 33 |
| Q3 2022 | $83.2M | 65 | 3 | 11 | 28 | 11 | 40.7% | 27 |
| Q1 2022 | $99.6M | 73 | 2 | 32 | 3 | 1 | 39.9% | 21 |
| Q4 2021 | $99.6M | 72 | 5 | 25 | 10 | 4 | 41.2% | 28 |
| Q3 2021 | $94.0M | 71 | 3 | 15 | 18 | 4 | 39.2% | 32 |
| Q2 2021 | $100.4M | 72 | 6 | 17 | 16 | 2 | 38.7% | 22 |
| Q1 2021 | $90.0M | 68 | 6 | 20 | 8 | 6 | 41.4% | 35 |
| Q4 2020 | $83.7M | 68 | 5 | 6 | 33 | 1 | 41.3% | 29 |
| Q3 2020 | $71.8M | 64 | 5 | 3 | 33 | 2 | 41.7% | 26 |
| Q2 2020 | $75.3M | 61 | 6 | 3 | 34 | 3 | 42.4% | 37 |
| Q1 2020 | $73.7M | 58 | 4 | 11 | 25 | 8 | 42.4% | 38 |
| Q4 2019 | $104.6M | 62 | 2 | 4 | 33 | 1 | 38.7% | 45 |
| Q3 2019 | $104.8M | 61 | 1 | 6 | 34 | 1 | 39.2% | 25 |
| Q2 2019 | $113.1M | 61 | 4 | 8 | 24 | 2 | 37.9% | 29 |
| Q1 2019 | $117.0M | 59 | 4 | 4 | 31 | 2 | 36.4% | 33 |
| Q4 2018 | $116.9M | 57 | 0 | 0 | 0 | 0 | 39.7% | 35 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.