Lesa Sroufe & Co

CIK 1492162 · View on SEC EDGAR ↗

Portfolio value QoQ: -4.6% 13F does not disclose cash

Top 10 holdings weight43.98%

Top 25 holdings weight82.49%

Positions above 1%29

Effective number of positions31.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 7.04% Est. buys $10,504 · sells $10,058

Median holding: 4.0 quarters Tracked Q1 2025–Q2 2026 · 57.8% still held

New positions6

Increased29

Decreased3

Closed6

Portfolio value $140K #9,287 of 9,337 by 13F value · top 99.5%

Positions 67

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Materials 23.7%

Industrials 15.8%

Energy 13.9%

Financials 9.4%

Technology 8.2%

Utilities 6.9%

Consumer Discretionary 4.0%

Consumer Staples 4.0%

Healthcare 4.0%

Retail 0.7%

Communication Services 0.5%

Consumer products 0.4%

Real Estate 0.1%

Other/Unmapped 8.4%

Full portfolio 67 positions

					Streak
MSFT Microsoft Corporation - Common Stock	$8,797	6.30%	23,584	$-385	Down ×1
NEM Newmont Corporation	$7,850	5.62%	84,044	$-969	Up ×2
AU AngloGold Ashanti PLC Ordinary Shares	$7,029	5.04%	86,896	$-1,217	Up ×1
PAAS Pan American Silver Corp. Common Stock	$6,746	4.83%	150,612	$-1,197	Up ×2
MTB M&T Bank Corporation Common Stock	$5,968	4.28%	25,074	$619	Down ×1
CIB Grupo Cibest S.A. American Depositary Shares each representing four Preferred Shares	$5,465	3.92%	68,797	$614	Up ×1
SLV iShares Silver Trust	$5,318	3.81%	99,461	$-1,271	Up ×1
PBR Petroleo Brasileiro S.A. Petrobras ADS	$4,784	3.43%	296,011	$-1,195	Up ×1
INSW International Seaways, Inc. Common Stock	$4,720	3.38%	61,628	$370	Up ×1
CX Cemex, S.A.B. de C.V. Sponsored ADR	$4,702	3.37%	391,799	$347	Up ×5
FLR Fluor Corporation Common Stock	$4,680	3.35%	89,330	$1,780	Up ×5
ALK Alaska Air Group, Inc. Common Stock	$4,577	3.28%	87,688	$1,479	Up ×2
AA Alcoa Corporation Common Stock	$4,167	2.99%	79,928	$-984	Up ×5
HL Hecla Mining Company Common Stock	$3,967	2.84%	257,071	$-666	Up ×1
RRC Range Resources Corporation Common Stock	$3,861	2.77%	103,808	$-689	Up ×1
HTLD Heartland Express, Inc. - Common Stock	$3,618	2.59%	237,729	$1,228	Up ×2
BKH Black Hills Corporation Common Stock	$3,590	2.57%	48,246	$339	Up ×5
MBLY Mobileye Global Inc. - Class A Common Stock	$3,388	2.43%	350,045		Up ×1
NTR Nutrien Ltd. Common Shares	$3,361	2.41%	53,387	$-563	Up ×1
TPC Tutor Perini Corporation Common Stock	$3,266	2.34%	39,362	$349	Up ×1
BG Bunge Limited Common Shares	$3,252	2.33%	30,470	$-527	Up ×1
INVX Innovex International, Inc. Common Stock	$3,129	2.24%	126,150	$134	Up ×5
AMGN Amgen Inc. - Common Stock	$3,074	2.20%	8,490	$87
NWE NorthWestern Energy Group, Inc. - Common Stock	$2,998	2.15%	41,857	$317	Up ×5
PSQ ProShares Short QQQ	$2,819	2.02%	112,471	$-681	Up ×1
HE Hawaiian Electric Industries, Inc. Common Stock	$2,710	1.94%	200,306	$-169	Up ×5
SJT San Juan Basin Royalty Trust Common Stock	$1,866	1.34%	581,264	$198	Up ×5
DOLE Dole plc Ordinary Shares	$1,864	1.34%	135,817	$-3	Up ×1
AAPL Apple Inc. - Common Stock	$1,734	1.24%	5,993	$213	Up ×4
SWBI Smith & Wesson Brands, Inc. - Common Stock	$1,295	0.93%	86,094	$97	Up ×2
JNJ Johnson & Johnson Common Stock	$910	0.65%	3,581	$35
MCD McDonald's Corporation Common Stock	$862	0.62%	3,188	$-129
GLD SPDR Gold Shares	$782	0.56%	2,124	$-164	Down ×1
PCAR PACCAR Inc. - Common Stock	$756	0.54%	6,290	$30
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A	$749	0.54%	1	$31
BIL SPDR SERIES TRUST	$697	0.50%	7,608		Up ×1
ABBV AbbVie Inc. Common Stock	$654	0.47%	2,599	$89
BKUTK CUSIP: 065437204	$630	0.45%	1,000	$29
AMZN Amazon.com, Inc. - Common Stock	$540	0.39%	2,264	$68
PG Procter & Gamble Company (The) Common Stock	$525	0.38%	3,583	$7
PEP PepsiCo, Inc. - Common Stock	$484	0.35%	3,572	$-71
CVX Chevron Corporation Common Stock	$479	0.34%	2,888	$-35	Up ×1
CSCO Cisco Systems, Inc. - Common Stock	$466	0.33%	3,967		Up ×1
CVS CVS Health Corporation Common Stock	$410	0.29%	3,965	$125
SYY Sysco Corporation Common Stock	$400	0.29%	4,781	$59
Unknown issuer (CUSIP: 399874775)	$398	0.29%	4,509	$64
ASRV AmeriServ Financial Inc. - Common Stock	$388	0.28%	100,000	$26
IAU iShares Gold Trust Shares	$388	0.28%	5,142	$-65
ORCL Oracle Corporation Common Stock	$358	0.26%	2,441	$-1
JPM JP Morgan Chase & Co. Common Stock	$347	0.25%	1,061	$35
MDY State Street SPDR S&P MIDCAP 400 ETF Trust	$331	0.24%	470	$41
MRK Merck & Company, Inc. Common Stock (new)	$309	0.22%	25,089	$1	Up ×1
NVDA NVIDIA Corporation - Common Stock	$297	0.21%	1,484	$38	Up ×1
BA Boeing Company (The) Common Stock	$284	0.20%	1,312	$23
CCJ Cameco Corporation Common Stock	$274	0.20%	2,690	$-18
LNG Cheniere Energy, Inc. Common Stock	$249	0.18%	1,043	$-47
IBM International Business Machines Corporation Common Stock	$247	0.18%	880	$34
ORA Ormat Technologies, Inc. Common Stock	$247	0.18%	2,270	$-7
ABT Abbott Laboratories Common Stock	$244	0.17%	2,689	$-32
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$240	0.17%	480	$10
SCHX SCHWAB STRATEGIC TRUST	$230	0.16%	7,831
DIS Walt Disney Company (The) Common Stock	$215	0.15%	2,231	$0
GE GE Aerospace Common Stock	$213	0.15%	570		Up ×1
BRT BRT Apartments Corp. (MD) Common Stock	$207	0.15%	13,479	$27
Unknown issuer (CUSIP: 258620863)	$99	0.07%	10,273		Up ×1
ENIC Enel Chile S.A. American Depositary Shares (Each representing 50 shares of Common Stock)	$55	0.04%	12,235	$7
SEAOF CUSIP: G79441104	$0	0.00%	20,000	$0
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
CX	$4,702	3.37%	up ×5
FLR	$4,680	3.35%	up ×5
AA	$4,167	2.99%	up ×5
BKH	$3,590	2.57%	up ×5
INVX	$3,129	2.24%	up ×5
NWE	$2,998	2.15%	up ×5
HE	$2,710	1.94%	up ×5
SJT	$1,866	1.34%	up ×5
AAPL	$1,734	1.24%	up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
MBLY	$3,388	350,045	2.43%
BIL	$697	7,608	0.50%
CSCO	$466	3,967	0.33%
SCHX	$230	7,831	0.16%
GE	$213	570	0.15%
Unknown issuer (CUSIP: 258620863)	$99	10,273	0.07%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
FLR	Bought more	+27K	+$2K
ALK	Bought more	+3K	+$1K
SLV	Bought more	+3K	-$1K
HTLD	Bought more	+8K	+$1K
AU	Bought more	+2K	-$1K
PAAS	Bought more	+5K	-$1K
PBR	Bought more	+8K	-$1K
AA	Bought more	+2K	-$984
NEM	Bought more	+3K	-$969
RRC	Bought more	+3K	-$689

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
TTE	June 30, 2026	47,819	$4,353	8.5%
VIV	June 30, 2026	229,279	$3,648	-12.3%
NOK	March 31, 2026	383,198	$2,479	31.8%
INTC	Sept. 30, 2025	70,114	$1,571	255.7%
VT	June 30, 2026	3,854	$533
VGT	June 30, 2026	542	$378
XOM	June 30, 2026	1,710	$290	20.0%
VUG	June 30, 2025	609	$250
SCHF	June 30, 2025	10,969	$217	26.3%
SCHX	March 31, 2026	7,509	$202	18.4%
COMP	Dec. 31, 2025	25,089	$201	-12.8%
COMP	June 30, 2026	25,089	$183	-25.2%
WBA	Sept. 30, 2025	10,189	$117	No longer tracked