Lesa Sroufe & Co
Reported holdings as of Q3 2026, from 30 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $12.1M | 23,505 | +2.06pp | 30q | HELD | |
| NEWMONT CORP | NEM | $9.3M | 80,512 | +0.82pp | 30q | -4.2%-$407.4K | |
| ANGLOGOLD ASHANTI PLC | AU | $8.1M | 86,483 | +0.60pp | 12q | HELD | |
| PAN AMERN SILVER CORP | PAAS | $6.8M | 149,932 | -0.10pp | 30q | HELD | |
| INTERNATIONAL SEAWAYS INC | INSW | $6.7M | 61,278 | +1.30pp | 21q | -0.6%-$38.5K | |
| PETROLEO BRASILEIRO S A | PBR | $6.2M | 294,777 | +0.84pp | 30q | HELD | |
| ISHARES SILVER TR | SLV | $5.4M | 98,875 | -0.07pp | 25q | -0.6%-$31.9K | |
| M & T BK CORP | MTB | $5.3M | 24,274 | -0.61pp | 30q | -3.2%-$174.1K | |
| HECLA MINING COMPANY | HL | $4.3M | 255,452 | +0.18pp | 24q | -0.6%-$27.6K | |
| FLUOR CORP | FLR | $4.3M | 89,485 | -0.38pp | 30q | HELD | |
| TOTALENERGIES SE | TTE | $4.2M | 49,131 | - | new | NEW | |
| RANGE RES CORP | RRC | $3.8M | 103,425 | -0.11pp | 23q | HELD | |
| NUTRIEN LTD | NTR | $3.7M | 53,200 | +0.19pp | 30q | HELD | |
| CEMEX SAB DE CV | CX | $3.7M | 390,468 | -0.79pp | 14q | HELD | |
| AMGEN INC | AMGN | $3.6M | 8,490 | +0.28pp | 30q | HELD | |
| INNOVEX INTERNATIONAL INC | INVX | $3.4M | 126,267 | +0.13pp | 8q | HELD | |
| ALASKA AIR GROUP INC | ALK | $3.4M | 87,602 | -0.92pp | 8q | HELD | |
| BLACK HILLS CORP | BKH | $3.4M | 48,125 | -0.23pp | 10q | HELD | |
| ALCOA CORP | AA | $3.3M | 79,599 | -0.66pp | 29q | HELD | |
| BUNGE GLOBAL SA | BG | $3.2M | 30,343 | -0.08pp | 8q | HELD | |
| GRUPO CIBEST SA | CIB | $3.0M | 32,601 | -1.81pp | 3q | -52.6%-$3.4M | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $2.9M | 41,849 | -0.16pp | 7q | HELD | |
| PROSHARES TR | PSQ | $2.8M | 111,824 | -0.09pp | 6q | -0.6%-$16.1K | |
| HEARTLAND EXPRESS INC | HTLD | $2.8M | 237,475 | -0.67pp | 20q | HELD | |
| MOBILEYE GLOBAL INC | MBLY | $2.6M | 351,214 | -0.62pp | 2q | HELD | |
| SAN JUAN BASIN RTY TR | SJT | $2.2M | 592,321 | +0.16pp | 9q | +1.9%+$40.4K | |
| APPLE INC | AAPL | $2.0M | 5,993 | +0.14pp | 30q | HELD | |
| HAWAIIAN ELEC INDS INC MTN B | HE | $1.8M | 200,352 | -0.69pp | 7q | HELD | |
| TUTOR PERINI CORP | TPC | $1.8M | 21,494 | -1.10pp | 28q | -45.4%-$1.5M | |
| DOLE PLC | DOLE | $1.7M | 134,935 | -0.14pp | 18q | -0.6%-$11.2K | |
| OLIN CORP | OLN | $1.3M | 84,852 | - | new | NEW | |
| SMITH & WESSON BRANDS INC | SWBI | $1.2M | 85,666 | -0.09pp | 16q | HELD | |
| MERCK & CO INC | MRK | $964.0K | 30,189 | -0.02pp | 30q | HELD | |
| JOHNSON & JOHNSON | JNJ | $948.0K | 3,581 | +0.01pp | 30q | HELD | |
| SPDR GOLD TR | GLD | $781.0K | 2,050 | -0.02pp | 30q | -3.5%-$28.2K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $747.0K | 1 | -0.02pp | 3q | HELD | |
| MCDONALDS CORP | MCD | $736.0K | 3,188 | -0.11pp | 30q | HELD | |
| PACCAR INC | PCAR | $691.0K | 6,290 | -0.06pp | 3q | HELD | |
| BANK UTICA N Y | BKUTK | $688.0K | 1,000 | +0.03pp | 30q | HELD | |
| ABBVIE INC | ABBV | $680.0K | 2,599 | flat | 24q | HELD | |
| CHEVRON CORPORATION | CVX | $590.0K | 2,888 | +0.07pp | 21q | HELD | |
| AMAZON COM INC | AMZN | $564.0K | 2,265 | flat | 30q | HELD | |
| PROCTER & GAMBLE CO | PG | $519.0K | 3,570 | -0.02pp | 30q | HELD | |
| AMERISERV FINL INC | ASRV | $461.0K | 100,000 | +0.04pp | 30q | HELD | |
| PEPSICO INC | PEP | $453.0K | 3,572 | -0.03pp | 30q | HELD | |
| CISCO SYS INC | CSCO | $427.0K | 3,967 | -0.04pp | 2q | HELD | |
| ISHARES GOLD TR | IAU | $402.0K | 5,142 | flat | 10q | HELD | |
| THE GROWTH FUND OF AMERICA CLASS F3 | $399.0K | 4,509 | -0.01pp | 3q | HELD | ||
| SYSCO CORP | SYY | $373.0K | 4,781 | -0.03pp | 30q | HELD | |
| JPMORGAN CHASE & CO | JPM | $351.0K | 1,061 | flat | 10q | HELD | |
| CVS HEALTH CORP | CVS | $340.0K | 3,965 | -0.06pp | 30q | HELD | |
| ORACLE CORP | ORCL | $335.0K | 2,441 | -0.02pp | 15q | HELD | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $309.0K | 470 | -0.02pp | 15q | HELD | |
| CHENIERE ENERGY INC | LNG | $281.0K | 1,043 | +0.02pp | 8q | HELD | |
| ABBOTT LABORATORIES | ABT | $266.0K | 2,689 | +0.01pp | 23q | HELD | |
| BOEING CO | BA | $244.0K | 1,312 | -0.03pp | 15q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $239.0K | 480 | -0.01pp | 8q | HELD | |
| SCHWAB STRATEGIC TR | SCHX | $236.0K | 7,866 | flat | 2q | HELD | |
| DISNEY WALT CO | DIS | $234.0K | 2,231 | +0.01pp | 11q | HELD | |
| CAMECO CORP | CCJ | $233.0K | 2,690 | -0.03pp | 6q | HELD | |
| PALANTIR TECHNOLOGIES INC | PLTR | $228.0K | 1,220 | - | new | NEW | |
| NVIDIA CORPORATION | NVDA | $225.0K | 984 | -0.06pp | 10q | -33.7%-$114.3K | |
| ORMAT TECHNOLOGIES INC | ORA | $208.0K | 2,270 | -0.03pp | 4q | HELD | |
| BRT APARTMENTS CORP | BRT | $180.0K | 13,479 | -0.02pp | 30q | HELD | |
| ENEL CHILE SA | ENIC | $52.0K | 12,235 | flat | 21q | HELD | |
| Contra Walgreens Boot | $0 | 10,189 | - | new | NEW | ||
| SEACO LTD | SEAOF | $0 | 20,000 | flat | 2q | HELD |
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 | $32.2M | 22.2% |
| Software & IT Services | $15.2M | 10.5% |
| Energy | $15.1M | 10.4% |
| Transport & Logistics | $12.9M | 8.9% |
| Construction & Building | $9.8M | 6.8% |
| Banks & Lending | $9.1M | 6.3% |
| Utilities | $8.3M | 5.7% |
| Capital Markets | $6.6M | 4.5% |
| Biotech & Pharma | $6.4M | 4.4% |
| Chemicals | $5.6M | 3.9% |
| Industrials | $4.6M | 3.2% |
| Food, Drink & Tobacco | $3.7M | 2.6% |
| Other sectors | $11.2M | 7.7% |
| Not classified | $4.1M | 2.8% |
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 |
|---|---|---|---|---|
| Q3 2026 | +4.4% | +2.1% | +2.2% | 101% |
| 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% |
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 |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $144.7M | 67 | 4 | 1 | 11 | 4 | 47.3% | 29 |
| 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 | 4 | 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 | 2 | 34 | 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.