Lesa Sroufe & Co.
Lesa Sroufe & Co. is a Seattle-based, independent and majority women-owned registered investment advisory firm founded in 2004. The firm specializes in global all-cap value equity and balanced portfolio diversification. It serves private clients, brokers, and institutions, providing tailored investment solutions focused on undervalued and out-of-favor securities. Lesa Sroufe & Co. maintains GIPS compliance, fosters a collaborative team environment, and regularly engages clients through group conference calls. The employee count is under 25, reflecting a boutique approach to client service and investment management.
Investment Strategy
Lesa Sroufe & Co. follows a disciplined, value and contrarian investment philosophy. The firm applies a rigorous valuation framework, seeking significant margins-of-safety in prices versus intrinsic business value. They focus on undervalued and out-of-favor sectors and stocks to reduce risk while pursuing growth and capital preservation. The investment process includes comprehensive company analysis, patient holding strategies with an average stock holding period of three years, and active sector rotation. Portfolios typically contain 25–35 individual stocks, with annual turnover between 25–33%. Price targets are established on entry, with fundamentals reviewed at each milestone.
Top Holdings
Equity Positions (68)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 9.30% | $10.1M | 20,351 | $375.40 | $497.41 | +$2.5M |
A AU | ANGLOGOLD ASHANTI PLC F | 5.35% | $5.8M | 127,815 | $37.28 | $45.57 | +$1.2M |
P PAAS | PAN AMERN SILVER CORP F | 5.11% | $5.6M | 195,761 | $25.88 | $28.40 | +$596.0K |
N NEM | NEWMONT CORP | 4.32% | $4.7M | 80,638 | $48.45 | $58.26 | +$872.0K |
M MTB | M & T BANK CORP | 4.07% | $4.4M | 22,853 | $178.75 | $193.99 | +$348.0K |