Lesa Sroufe & Co Diversified Active

CIK: 0001492162 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 22, 2026

Total Value ($000): $134 (100.0% shares, 0.0% debt)

Holdings (69)

New Positions (4)

— TOTALENERGIES F 2.3%

Value ($000) $3 Shares 47,185 Est. Cost $0.07 Unrealized —

— COMPASS INC CLASS CLASS A 0.2%

Value ($000) $0 Shares 25,089 Est. Cost $0.01 Unrealized —

ORA ORMAT TECHNOLOGIES INC 0.2%

Value ($000) $0 Shares 2,012 Est. Cost $109.32 Unrealized 0.0%

— WALGREENS BOOTS ALLIANCE 0.0%

Value ($000) $0 Shares 10,189 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES F	47,185	$3	2.3%	$0.07	—	COM	f92124100
—	COMPASS INC CLASS CLASS A	25,089	$0	0.2%	$0.01	—	COM	20464u100
ORA	ORMAT TECHNOLOGIES INC	2,012	$0	0.2%	$109.32	0.0%	COM	686688102
—	WALGREENS BOOTS ALLIANCE	10,189	$0	0.0%	—	—	COM	931cvr013

Increased Positions (8)

AA ALCOA CORP 3.0%

Value ($000) $4 (+63.6%) Shares 76,435 (+1.2%) Est. Cost $25.41 Unrealized +60.9%

— ANGLOGOLD ASHANTI PLC F 5.5%

Value ($000) $7 (+22.7%) Shares 86,910 (+1.2%) Est. Cost $0.03 Unrealized —

INVX INNOVEX INTL INC EQUITY CLASS 2.0%

Value ($000) $3 (+24.7%) Shares 121,535 (+5.7%) Est. Cost $16.15 Unrealized +29.2%

NWE NORTHWESTERN ENERGY 1.9%

Value ($000) $3 (+11.4%) Shares 40,194 (+1.2%) Est. Cost $52.27 Unrealized +20.2%

— DOLE PLC F 1.4%

Value ($000) $2 (+13.8%) Shares 129,218 (+2.0%) Est. Cost $12.14 Unrealized —

TPC TUTOR PERINI CORP 3.6%

Value ($000) $5 (+4.1%) Shares 72,497 (+1.9%) Est. Cost $11.75 Unrealized +458.3%

— NUTRIEN LTD F 2.3%

Value ($000) $3 (+6.2%) Shares 51,081 (+1.0%) Est. Cost $45.87 Unrealized —

FLR FLUOR CORP NEW 1.8%

Value ($000) $2 (-3.9%) Shares 61,394 (+2.1%) Est. Cost $39.15 Unrealized +13.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AA	ALCOA CORP	76,435 (+1.2%)	$4 (+63.6%)	3.0%	$25.41	+60.9%	COM	013872106
—	ANGLOGOLD ASHANTI PLC F	86,910 (+1.2%)	$7 (+22.7%)	5.5%	$0.03	—	COM	g0378l100
INVX	INNOVEX INTL INC EQUITY CLASS	121,535 (+5.7%)	$3 (+24.7%)	2.0%	$16.15	+29.2%	COM	457651107
NWE	NORTHWESTERN ENERGY	40,194 (+1.2%)	$3 (+11.4%)	1.9%	$52.27	+20.2%	COM	668074305
—	DOLE PLC F	129,218 (+2.0%)	$2 (+13.8%)	1.4%	$12.14	—	COM	g27907107
TPC	TUTOR PERINI CORP	72,497 (+1.9%)	$5 (+4.1%)	3.6%	$11.75	+458.3%	COM	901109108
—	NUTRIEN LTD F	51,081 (+1.0%)	$3 (+6.2%)	2.3%	$45.87	—	COM	67077m108
FLR	FLUOR CORP NEW	61,394 (+2.1%)	$2 (-3.9%)	1.8%	$39.15	+13.0%	COM	343412102

Exited Positions (4)

— TOTALENERGIES SE FSPONSORED AD 2.0%

Value ($000) $3 Shares 45,556 Est. Cost $0.06 Unrealized —

— UNITEDHEALTH GROUP INC 0.2%

Value ($000) $0 Shares 877 Est. Cost $220.46 Unrealized —

COMP COMPASS INC 0.1%

Value ($000) $0 Shares 25,089 Est. Cost $7.92 Unrealized +15.2%

— WALGREENS BOOTS ALLI 0.0%

Value ($000) $0 Shares 10,189 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES SE FSPONSORED AD	45,556	$3	2.0%	$0.06	—	—	89151e109
—	UNITEDHEALTH GROUP INC	877	$0	0.2%	$220.46	—	—	91324p102
COMP	COMPASS INC	25,089	$0	0.1%	$7.92	+15.2%	—	20464U100
—	WALGREENS BOOTS ALLI	10,189	$0	0.0%	—	—	—	931CVR103

Decreased Positions (12)

— ISHARES SILVER TRUST ETF 4.7%

Value ($000) $6 (+11.0%) Shares 97,230 (-27.0%) Est. Cost $13.44 Unrealized —

— PETROLEO BRASILEIRO SA F SPONS 2.5%

Value ($000) $3 (-14.0%) Shares 288,600 (-8.1%) Est. Cost $6.27 Unrealized —

PAAS PAN AMERN SILVER CORP F 5.5%

Value ($000) $7 (-2.5%) Shares 143,075 (-27.1%) Est. Cost $14.60 Unrealized +186.7%

— PROSHARES SHORT QQQ ETF 1.4%

Value ($000) $2 (-4.7%) Shares 63,710 (-2.0%) Est. Cost $0.03 Unrealized —

— NVIDIA CORP 0.2%

Value ($000) $0 (-22.6%) Shares 1,483 (-22.7%) Est. Cost $0.20 Unrealized —

HTLD HEARTLAND EXPRESS INC 1.5%

Value ($000) $2 (+3.9%) Shares 219,815 (-3.6%) Est. Cost $12.72 Unrealized -34.6%

SWBI SMITH & WESSON BRANDS IN 0.6%

Value ($000) $1 (-7.4%) Shares 75,225 (-7.6%) Est. Cost $13.05 Unrealized -26.0%

SCHX SCHWAB US LARGE CAP ETF 0.2%

Value ($000) $0 (-16.5%) Shares 7,509 (-18.3%) Est. Cost $23.51 Unrealized —

PEP PEPSICO INC 0.4%

Value ($000) $1 (-1.9%) Shares 3,572 (-4.2%) Est. Cost $89.25 Unrealized +63.5%

IBM IBM CORP 0.2%

Value ($000) $0 (-2.2%) Shares 880 (-6.9%) Est. Cost $188.97 Unrealized +58.1%

— EXXON MOBIL CORP 0.2%

Value ($000) $0 (-1.0%) Shares 1,710 (-7.3%) Est. Cost $52.05 Unrealized —

— M&T BK CORP 3.4%

Value ($000) $5 (0.0%) Shares 22,414 (-1.9%) Est. Cost $161.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES SILVER TRUST ETF	97,230 (-27.0%)	$6 (+11.0%)	4.7%	$13.44	—	ISHARES	46428q109
—	PETROLEO BRASILEIRO SA F SPONS	288,600 (-8.1%)	$3 (-14.0%)	2.5%	$6.27	—	ADR	71654v408
PAAS	PAN AMERN SILVER CORP F	143,075 (-27.1%)	$7 (-2.5%)	5.5%	$14.60	+186.7%	COM	697900108
—	PROSHARES SHORT QQQ ETF	63,710 (-2.0%)	$2 (-4.7%)	1.4%	$0.03	—	COM	74349y837
—	NVIDIA CORP	1,483 (-22.7%)	$0 (-22.6%)	0.2%	$0.20	—	COM	67066g104
HTLD	HEARTLAND EXPRESS INC	219,815 (-3.6%)	$2 (+3.9%)	1.5%	$12.72	-34.6%	COM	422347104
SWBI	SMITH & WESSON BRANDS IN	75,225 (-7.6%)	$1 (-7.4%)	0.6%	$13.05	-26.0%	COM	831754106
SCHX	SCHWAB US LARGE CAP ETF	7,509 (-18.3%)	$0 (-16.5%)	0.2%	$23.51	—	COM	808524201
PEP	PEPSICO INC	3,572 (-4.2%)	$1 (-1.9%)	0.4%	$89.25	+63.5%	COM	713448108
IBM	IBM CORP	880 (-6.9%)	$0 (-2.2%)	0.2%	$188.97	+58.1%	COM	459200101
—	EXXON MOBIL CORP	1,710 (-7.3%)	$0 (-1.0%)	0.2%	$52.05	—	COM	30231g102
—	M&T BK CORP	22,414 (-1.9%)	$5 (0.0%)	3.4%	$161.94	—	COM	55261f104

Unchanged Positions (45)

HL HECLA MNG CO 6.8%

Value ($000) $9 Shares 473,169 Est. Cost $3.49 Unrealized +337.1%

NEM NEWMONT CORP 6.0%

Value ($000) $8 Shares 80,665 Est. Cost $26.16 Unrealized +244.8%

CX CEMEX S A B DE C V F SPONSORED 3.2%

Value ($000) $4 Shares 376,017 Est. Cost $0.01 Unrealized —

MSFT MICROSOFT CORP 7.3%

Value ($000) $10 Shares 20,278 Est. Cost $51.56 Unrealized +870.8%

NOK NOKIA CORP F SPONSORED ADR 1 A 1.8%

Value ($000) $2 Shares 383,198 Est. Cost $4.60 Unrealized —

BKH BLACK HILLS CORP 2.4%

Value ($000) $3 Shares 46,257 Est. Cost $48.22 Unrealized +37.8%

AMGN AMGEN INC 2.1%

Value ($000) $3 Shares 8,490 Est. Cost $144.43 Unrealized +118.8%

— RANGE RESOURCES CORP 2.6%

Value ($000) $3 Shares 97,498 Est. Cost $18.09 Unrealized —

— BUNGE GLOBAL SA F 1.9%

Value ($000) $3 Shares 29,206 Est. Cost $0.10 Unrealized —

HE HAWAIIAN ELEC INDS INC 1.7%

Value ($000) $2 Shares 190,827 Est. Cost $10.13 Unrealized +14.4%

— LAZARD INC 1.9%

Value ($000) $3 Shares 52,834 Est. Cost $0.05 Unrealized —

— ORACLE CORP 0.4%

Value ($000) $0 Shares 2,441 Est. Cost $0.08 Unrealized —

— TELEFONICA BRASIL SA F SPONSOR 2.0%

Value ($000) $3 Shares 224,233 Est. Cost $8.09 Unrealized —

SJT SAN JUAN BASIN RTY T ROYALTY T 1.4%

Value ($000) $2 Shares 340,390 Est. Cost $0.00 Unrealized —

— INTERNATIONAL SEAWAYS INC 2.1%

Value ($000) $3 Shares 58,834 Est. Cost $14.05 Unrealized —

— MERCK & CO. INC. 0.4%

Value ($000) $1 Shares 5,100 Est. Cost $54.79 Unrealized —

AAPL APPLE INC 1.2%

Value ($000) $2 Shares 5,991 Est. Cost $103.72 Unrealized +158.7%

— SPDR GOLD SHARES ETF 0.7%

Value ($000) $1 Shares 2,215 Est. Cost $85.50 Unrealized —

JNJ JOHNSON & JOHNSON 0.6%

Value ($000) $1 Shares 3,581 Est. Cost $113.37 Unrealized +73.8%

— CHENIERE ENERGY INC 0.2%

Value ($000) $0 Shares 1,140 Est. Cost $0.18 Unrealized —

IAU ISHARES GOLD ETF 0.3%

Value ($000) $0 Shares 5,142 Est. Cost $0.04 Unrealized —

SYY SYSCO CORP 0.3%

Value ($000) $0 Shares 4,781 Est. Cost $49.25 Unrealized +53.3%

PG PROCTER & GAMBLE CO 0.4%

Value ($000) $1 Shares 3,570 Est. Cost $67.87 Unrealized +116.8%

— CISCO SYS INC 0.2%

Value ($000) $0 Shares 4,087 Est. Cost $0.05 Unrealized —

— AMERISERV FINL INC 0.2%

Value ($000) $0 Shares 100,000 Est. Cost $4.15 Unrealized —

AMZN AMAZON.COM INC 0.4%

Value ($000) $1 Shares 2,315 Est. Cost $124.05 Unrealized +84.4%

— CAMECO CORP F 0.2%

Value ($000) $0 Shares 3,190 Est. Cost $0.07 Unrealized —

ABT ABBOTT LABS 0.3%

Value ($000) $0 Shares 2,689 Est. Cost $96.66 Unrealized +31.7%

BKUTK BANK UTICA N Y 0.4%

Value ($000) $1 Shares 1,000 Est. Cost $267.19 Unrealized +88.8%

BRT BRT RLTY TR 0.2%

Value ($000) $0 Shares 17,500 Est. Cost $7.00 Unrealized —

CVS CVS HEALTH CORP 0.2%

Value ($000) $0 Shares 3,965 Est. Cost $54.56 Unrealized +44.2%

VT VANGUARD TOTAL WORLD STOCK ETF 0.4%

Value ($000) $1 Shares 3,751 Est. Cost $0.13 Unrealized —

— ABBVIE INC 0.4%

Value ($000) $1 Shares 2,599 Est. Cost $101.45 Unrealized —

— JPMORGAN CHASE & CO 0.3%

Value ($000) $0 Shares 1,061 Est. Cost $0.20 Unrealized —

CVX CHEVRON CORP NEW 0.3%

Value ($000) $0 Shares 2,485 Est. Cost $81.89 Unrealized +84.9%

ALK ALASKA AIR GROUP INC 1.4%

Value ($000) $2 Shares 36,349 Est. Cost $38.20 Unrealized +21.0%

— PALANTIR TECHNOLOGIES IN CLASS 0.2%

Value ($000) $0 Shares 1,220 Est. Cost $0.18 Unrealized —

MCD MCDONALDS CORP 0.7%

Value ($000) $1 Shares 3,188 Est. Cost $136.64 Unrealized +123.3%

— SPDR S&P MIDCAP 400 ETF 0.2%

Value ($000) $0 Shares 470 Est. Cost $0.44 Unrealized —

— VANGUARD INFORMATION TECHNOLOG 0.3%

Value ($000) $0 Shares 557 Est. Cost $211.44 Unrealized —

BA BOEING CO 0.2%

Value ($000) $0 Shares 1,312 Est. Cost $163.57 Unrealized +25.7%

— BERKSHIRE HATHAWAY INC DCLASS 0.6%

Value ($000) $1 Shares 1 Est. Cost $4700.00 Unrealized —

— ENEL CHILE S A F SPONSORED ADR 0.0%

Value ($000) $0 Shares 12,235 Est. Cost $2.89 Unrealized —

DIS DISNEY WALT CO 0.2%

Value ($000) $0 Shares 2,231 Est. Cost $96.25 Unrealized +13.8%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.2%

Value ($000) $0 Shares 487 Est. Cost $442.99 Unrealized +12.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HL	HECLA MNG CO	473,169	$9	6.8%	$3.49	+337.1%	COM	422704106
NEM	NEWMONT CORP	80,665	$8	6.0%	$26.16	+244.8%	COM	651639106
CX	CEMEX S A B DE C V F SPONSORED	376,017	$4	3.2%	$0.01	—	ADR	151290889
MSFT	MICROSOFT CORP	20,278	$10	7.3%	$51.56	+870.8%	COM	594918104
NOK	NOKIA CORP F SPONSORED ADR 1 A	383,198	$2	1.8%	$4.60	—	ADR	654902204
BKH	BLACK HILLS CORP	46,257	$3	2.4%	$48.22	+37.8%	COM	092113109
AMGN	AMGEN INC	8,490	$3	2.1%	$144.43	+118.8%	COM	031162100
—	RANGE RESOURCES CORP	97,498	$3	2.6%	$18.09	—	COM	75281a109
—	BUNGE GLOBAL SA F	29,206	$3	1.9%	$0.10	—	COM	h11356104
HE	HAWAIIAN ELEC INDS INC	190,827	$2	1.7%	$10.13	+14.4%	COM	419870100
—	LAZARD INC	52,834	$3	1.9%	$0.05	—	COM	52110m109
—	ORACLE CORP	2,441	$0	0.4%	$0.08	—	COM	68389x105
—	TELEFONICA BRASIL SA F SPONSOR	224,233	$3	2.0%	$8.09	—	ADR	87936r205
SJT	SAN JUAN BASIN RTY T ROYALTY T	340,390	$2	1.4%	$0.00	—	COM	798241105
—	INTERNATIONAL SEAWAYS INC	58,834	$3	2.1%	$14.05	—	COM	y41053102
—	MERCK & CO. INC.	5,100	$1	0.4%	$54.79	—	COM	58933y105
AAPL	APPLE INC	5,991	$2	1.2%	$103.72	+158.7%	COM	037833100
—	SPDR GOLD SHARES ETF	2,215	$1	0.7%	$85.50	—	COM	78463v107
JNJ	JOHNSON & JOHNSON	3,581	$1	0.6%	$113.37	+73.8%	COM	478160104
—	CHENIERE ENERGY INC	1,140	$0	0.2%	$0.18	—	COM	16411r208
IAU	ISHARES GOLD ETF	5,142	$0	0.3%	$0.04	—	ISHARES	464285204
SYY	SYSCO CORP	4,781	$0	0.3%	$49.25	+53.3%	COM	871829107
PG	PROCTER & GAMBLE CO	3,570	$1	0.4%	$67.87	+116.8%	COM	742718109
—	CISCO SYS INC	4,087	$0	0.2%	$0.05	—	COM	17275r102
—	AMERISERV FINL INC	100,000	$0	0.2%	$4.15	—	COM	03074a102
AMZN	AMAZON.COM INC	2,315	$1	0.4%	$124.05	+84.4%	COM	023135106
—	CAMECO CORP F	3,190	$0	0.2%	$0.07	—	COM	13321l108
ABT	ABBOTT LABS	2,689	$0	0.3%	$96.66	+31.7%	COM	002824100
BKUTK	BANK UTICA N Y	1,000	$1	0.4%	$267.19	+88.8%	COM	065437204
BRT	BRT RLTY TR	17,500	$0	0.2%	$7.00	—	COM	055645303
CVS	CVS HEALTH CORP	3,965	$0	0.2%	$54.56	+44.2%	COM	126650100
VT	VANGUARD TOTAL WORLD STOCK ETF	3,751	$1	0.4%	$0.13	—	COM	922042742
—	ABBVIE INC	2,599	$1	0.4%	$101.45	—	COM	00287y109
—	JPMORGAN CHASE & CO	1,061	$0	0.3%	$0.20	—	COM	46625h100
CVX	CHEVRON CORP NEW	2,485	$0	0.3%	$81.89	+84.9%	COM	166764100
ALK	ALASKA AIR GROUP INC	36,349	$2	1.4%	$38.20	+21.0%	COM	011659109
—	PALANTIR TECHNOLOGIES IN CLASS	1,220	$0	0.2%	$0.18	—	COM	69608a108
MCD	MCDONALDS CORP	3,188	$1	0.7%	$136.64	+123.3%	COM	580135101
—	SPDR S&P MIDCAP 400 ETF	470	$0	0.2%	$0.44	—	COM	78467y107
—	VANGUARD INFORMATION TECHNOLOG	557	$0	0.3%	$211.44	—	COM	92204a702
BA	BOEING CO	1,312	$0	0.2%	$163.57	+25.7%	COM	097023105
—	BERKSHIRE HATHAWAY INC DCLASS	1	$1	0.6%	$4700.00	—	COM	084990175
—	ENEL CHILE S A F SPONSORED ADR	12,235	$0	0.0%	$2.89	—	ADR	29278d105
DIS	DISNEY WALT CO	2,231	$0	0.2%	$96.25	+13.8%	COM	254687106
BRK/B	BERKSHIRE HATHAWAY INC CL B	487	$0	0.2%	$442.99	+12.3%	COM	084670702