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Livermore
Livermore
ZHEN

Lesa Sroufe & Co

SEC CIK
0001492162
Latest filing
Jul 22, 2026

The latest 13F from Lesa Sroufe & Co covers Q2 2026 (filed Jul 22, 2026): 67 long positions worth $140.2M. The top 10 holdings make up 43.8% of the portfolio, and the largest is Microsoft Corp (MSFT) at 6.3%. Livermore has 20 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
6
Est. +$5.09M
Added
29
Est. +$5.83M
Reduced
3
Est. −$672.7K
Sold out
7
Est. −$9.68M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    6.3%$8.80MHistory
  2. NEMNEWMONT Corp
    5.6%$7.85MHistory
  3. AUAngloGold Ashanti PLC
    5.0%$7.03MHistory
  4. PAASPan American Silver Corp
    4.8%$6.75MHistory
  5. MTBM&T Bank Corp
    4.3%$5.97MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MBLYMobileye Global Inc.
    +$3.39MNewHistory
  2. FLRFluor Corp
    +$1.42MAddedHistory
  3. SJTSan Juan Basin Royalty Trust
    +$752.5KAddedHistory
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$697.0KNew
  5. MRKMerck & Co., Inc.
    +$674.5KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MBLYMobileye Global Inc.
    +2.42 pp0.0% → 2.4%History
  2. FLRFluor Corp
    +1.36 pp2.0% → 3.3%History
  3. ALKAlaska Air Group, Inc.
    +1.16 pp2.1% → 3.3%History
  4. HTLDHeartland Express Inc
    +0.95 pp1.6% → 2.6%History
  5. CIBGrupo Cibest S.A.
    +0.60 pp3.3% → 3.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TTETotalEnergies SE
    −$4.35MSold outHistory
  2. VIVTelefonica Brasil S.A.
    −$3.65MSold outHistory
  3. Vanguard Total World Stock ETF922042742
    −$533.0KSold out
  4. MSFTMicrosoft Corp
    −$455.1KReducedHistory
  5. Vanguard Information Technology ETF92204A702
    −$378.0KSold outConverted for a 8-for-1 split

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TTETotalEnergies SE
    −2.96 pp3.0% → 0.0%History
  2. VIVTelefonica Brasil S.A.
    −2.48 pp2.5% → 0.0%History
  3. Vanguard Total World Stock ETF922042742
    −0.36 pp0.4% → 0.0%
  4. Vanguard Information Technology ETF92204A702
    −0.26 pp0.3% → 0.0%
  5. Vanguard Tl Int Stock Index921909818
    −0.20 pp0.2% → 0.0%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$140.2M
−$6.68M (−4.6%) vs. prior quarter
Positions
67
−1 vs. prior quarter
Top 10 concentration
43.8%
Top 10 as share of value
Turnover
7.2%
Q2 2026, one quarter
Average holding period
5.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $146.9M (Q1 2026)

Q1 2021: $90.0MQ2 2021: $100.4MQ3 2021: $94.0MQ4 2021: $99.6MQ1 2022: $99.6MQ3 2022: $83.2MQ4 2022: $90.2MQ1 2023: $98.9MQ2 2023: $93.7MQ3 2023: $93.3MQ4 2023: $98.0MQ1 2024: $106.9MQ2 2024: $103.0MQ3 2024: $107.1MQ1 2025: $100.2MQ2 2025: $108.8MQ3 2025: $123.8MQ4 2025: $134.3MQ1 2026: $146.9MQ2 2026: $140.2M
Q1 2021Q2 2026
13F filings of Lesa Sroufe & Co by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 202667$140.2MMSFTNEMAUvs. Q1 2026SEC
Q1 2026Apr 27, 202668$146.9MMSFTNEMAUvs. Q4 2025SEC
Q4 2025Jan 22, 202669$134.3MMSFTHLNEMvs. Q3 2025SEC
Q3 2025Oct 23, 202569$123.8MMSFTPAASNEMvs. Q2 2025SEC
Q2 2025Jul 29, 202570$108.8MMSFTAUPAASvs. Q1 2025SEC
Q1 2025Apr 18, 202570$100.2MMSFTPAASPBR–SEC
Q3 2024Oct 16, 202474$107.1MMSFTTPCNEMvs. Q2 2024SEC
Q2 2024Jul 9, 202471$103.0MMSFTTPCRRCvs. Q1 2024SEC
Q1 2024May 6, 202474$106.9MMSFTRRCBBVAvs. Q4 2023SEC
Q4 2023Feb 1, 202465$98.0MMSFTPBRRRCvs. Q3 2023SEC
Q3 2023Oct 19, 202366$93.3MMSFTRRCPBRvs. Q2 2023SEC
Q2 2023Jul 20, 202367$93.7MMSFTRRCPBRvs. Q1 2023SEC
Q1 2023Apr 19, 202371$98.9MMSFTFLEXNTRvs. Q4 2022SEC
Q4 2022Feb 2, 202368$90.2MMSFTFLEXNTRvs. Q3 2022SEC
Q3 2022Oct 27, 202265$83.2MMSFTNTRMTB–SEC
Q1 2022Apr 21, 202273$99.6MMSFTAANEMvs. Q4 2021SEC
Q4 2021Jan 28, 202272$99.6MMSFTAANTRvs. Q3 2021SEC
Q3 2021Nov 1, 202171$94.0MMSFTAAMTBvs. Q2 2021SEC
Q2 2021Jul 22, 202172$100.4MMSFTDSXNEMvs. Q1 2021SEC
Q1 2021May 5, 202168$90.0MMSFTRDUSNEM–SEC