Comparing Lesa Sroufe & Co's Holdings in Q4 2022 to Q1 2023: Winners and Losers

Lesa Sroufe & Co recently released their 13F holdings for Q4 2022 and Q1 2023, providing a glimpse into the changes in the fund's portfolio. The fund made several notable moves during this time, including increased positions in Microsoft and Nutrien, and a significant decrease in holdings in M&T Bank Corp. In this blog post, we will take a closer look at the fund's holdings and the impact of these changes.

Microsoft Corp (MSFT): the winner

Lesa Sroufe & Co increased their position in Microsoft Corp during this period, going from 26,271 shares in Q4 2022 to 26,100 shares in Q1 2023. The value of this position also increased from $6,300,000 in Q4 2022 to $7,525,000 in Q1 2023, representing a 19.4% increase. This move paid off for the fund as Microsoft's stock price rose during this period, hitting all-time highs.

Flex Ltd (FLEX): a steady performer

The fund also increased their position in Flex Ltd, going from 180,886 shares in Q4 2022 to 182,150 shares in Q1 2023. The value of this position increased from $3,882,000 in Q4 2022 to $4,191,000 in Q1 2023, an 8% increase. Although Flex's stock price was relatively flat during this time, the steady increase in the fund's position suggests that they have confidence in the company's long-term prospects.

M&T Bank Corp (MTB): the loser

One of the biggest changes in Lesa Sroufe & Co's portfolio during this period was the significant decrease in holdings in M&T Bank Corp. The fund went from holding 22,853 shares in Q4 2022 to holding the same number of shares in Q1 2023, but the value of this position decreased from $3,315,000 to $2,733,000. This represents a 17.6% decrease in value, making M&T Bank Corp one of the biggest losers in the fund's portfolio during this time.

Other winners and losers

Other winners during this period included Pan American Silver Corp (PAAS.TO), with a 53.4% increase in the value of the fund's position, and International Seaways Inc (INSW), with a 14% increase in value. Losers included Tutor Perini Corp (TPC), with a 14.7% decrease in value, and Columbia Banking Sys (COLB), with a 25.4% decrease in value.

Conclusion

In conclusion, Lesa Sroufe & Co's 13F holdings for Q4 2022 and Q1 2023 revealed several interesting changes in the fund's portfolio. While some stocks like Microsoft and Nutrien increased in value, others like M&T Bank Corp suffered losses. It will be interesting to see how these holdings evolve over the course of the year and whether the fund will continue to make bold moves in their portfolio.