Scharf Investments, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ADVISORS SER TR | KAT | $238.9M | 4,419,958 | +0.36pp | 4q | -3.1%-$7.5M | |
| OCCIDENTAL PETE CORP | OXY | $154.8M | 3,187,747 | -2.06pp | 9q | -11.1%-$19.2M | |
| UNION PAC CORP | UNP | $147.5M | 542,136 | +0.39pp | 13q | -9.6%-$15.7M | |
| ADVISORS SER TR | GKAT | $131.1M | 3,036,088 | +0.77pp | 4q | +7.4%+$9.1M | |
| MARKEL GROUP INC | MKL | $118.3M | 60,564 | +0.30pp | 23q | -0.9%-$1.1M | |
| MICROSOFT CORP | MSFT | $117.1M | 313,848 | -0.05pp | 31q | -8.6%-$11.1M | |
| AMAZON COM INC | AMZN | $115.4M | 484,291 | +3.70pp | 2q | +2672.0%+$111.3M | |
| VISA INC | V | $115.3M | 335,988 | +0.40pp | 25q | -8.2%-$10.2M | |
| MCKESSON CORP | MCK | $113.8M | 150,631 | -2.15pp | 31q | -32.0%-$53.6M | |
| BROOKFIELD CORP | BN | $110.4M | 2,591,096 | +0.21pp | 15q | -6.0%-$7.1M | |
| CENTENE CORP DEL | CNC | $105.9M | 1,650,542 | +1.77pp | 24q | -4.0%-$4.4M | |
| AGILENT TECHNOLOGIES INC | A | $100.2M | 754,161 | +0.64pp | 4q | -0.7%-$749.3K | |
| FRANCO NEV CORP | FNV | $98.5M | 472,469 | -0.99pp | 5q | -15.2%-$17.6M | |
| META PLATFORMS INC | META | $96.0M | 170,441 | -0.41pp | 6q | -16.2%-$18.5M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $89.2M | 178,328 | -0.47pp | 31q | -22.9%-$26.5M | |
| CHUBB LIMITED | CB | $81.9M | 240,324 | -0.01pp | 4q | -11.2%-$10.3M | |
| UNITEDHEALTH GROUP INC | UNH | $78.9M | 189,754 | +1.15pp | 5q | +8.7%+$6.3M | |
| AON PLC | AON | $75.2M | 226,626 | -0.05pp | 9q | -11.1%-$9.4M | |
| OTIS WORLDWIDE CORP | OTIS | $72.2M | 1,007,995 | -0.39pp | 4q | -13.6%-$11.4M | |
| CME GROUP INC | CME | $63.9M | 289,373 | -0.85pp | 8q | -11.1%-$8.0M | |
| HERSHEY CO | HSY | $62.5M | 355,964 | -0.62pp | 5q | -14.9%-$10.9M | |
| ADOBE INC | ADBE | $60.5M | 295,118 | -0.44pp | 24q | -9.4%-$6.3M | |
| STRYKER CORPORATION | SYK | $58.1M | 184,576 | +1.86pp | 24q | +3252.9%+$56.4M | |
| MARSH & MCLENNAN COS INC | MRSH | $57.4M | 344,395 | -0.51pp | 3q | -23.4%-$17.5M | |
| DISNEY WALT CO | DIS | $56.9M | 591,045 | -0.12pp | 11q | -12.1%-$7.8M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $56.5M | 112,770 | -0.14pp | 4q | -14.8%-$9.8M | |
| ZOETIS INC | ZTS | $52.7M | 733,571 | -1.31pp | 4q | -12.4%-$7.5M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $50.3M | 67,398 | -0.03pp | 31q | -20.0%-$12.6M | |
| NOVARTIS AG | NVS | $48.7M | 310,818 | -1.16pp | 31q | -47.3%-$43.6M | |
| U HAUL HOLDING COMPANY | UHALB | $47.4M | 821,423 | +0.34pp | 13q | -7.6%-$3.9M | |
| LOCKHEED MARTIN CORP | LMT | $44.5M | 87,401 | -0.32pp | 24q | -9.0%-$4.4M | |
| NVIDIA CORPORATION | NVDA | $41.3M | 206,500 | +1.24pp | 12q | +761.6%+$36.5M | |
| SPDR SERIES TRUST | BIL | $27.1M | 296,158 | -0.94pp | 15q | -54.3%-$32.3M | |
| U HAUL HOLDING COMPANY | UHAL | $27.0M | 412,078 | +0.42pp | 13q | +28.0%+$5.9M | |
| SMITH A O CORP | AOS | $23.5M | 374,792 | - | new | NEW | |
| CVS HEALTH CORP | CVS | $9.7M | 93,867 | +0.11pp | 31q | -2.4%-$238.1K | |
| MERCADOLIBRE INC | MELI | $9.4M | 5,533 | +0.29pp | 2q | +1121.4%+$8.6M | |
| CANADIAN NATL RY CO | CNI | $9.3M | 77,884 | -0.06pp | 3q | -32.1%-$4.4M | |
| SLB LIMITED | SLB | $4.8M | 103,789 | +0.01pp | 7q | +8.3%+$371.0K | |
| HALEON PLC | HLN | $4.5M | 485,251 | -0.21pp | 5q | -57.8%-$6.2M | |
| MCDONALDS CORP | MCD | $3.7M | 13,863 | - | new | NEW | |
| CANADIAN PACIFIC KANSAS CITY | CP | $3.5M | 40,452 | -0.03pp | 3q | -30.5%-$1.5M | |
| LINDE PLC | LIN | $3.3M | 6,379 | - | new | NEW | |
| ASML HLDG NV | ASML | $3.1M | 1,573 | - | new | NEW | |
| ALPHABET INC | GOOG | $3.0M | 8,511 | +0.01pp | 31q | -13.6%-$474.5K | |
| ALPHABET INC | GOOGL | $2.7M | 7,551 | +0.01pp | 23q | -11.5%-$350.2K | |
| APPLE INC | AAPL | $2.6M | 8,870 | +0.01pp | 31q | -9.8%-$280.1K | |
| ISHARES TR | IWB | $2.4M | 5,956 | +0.03pp | 3q | +38.7%+$680.2K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $2.3M | 38,131 | - | new | NEW | |
| DONALDSON INC | DCI | $2.3M | 25,353 | +0.01pp | 7q | -5.3%-$126.9K | |
| BOOKING HOLDINGS INC | BKNG | $2.0M | 11,295 | -1.70pp | 17q | -55.1%-$2.5M | |
| COMCAST CORP NEW | CMCSA | $1.9M | 76,396 | -0.01pp | 31q | -5.0%-$97.9K | |
| WW GRAINGER INC | GWW | $1.7M | 1,260 | +0.01pp | 18q | -13.5%-$266.7K | |
| ORACLE CORP | ORCL | $1.5M | 9,921 | flat | 31q | -9.3%-$149.0K | |
| ELI LILLY & CO | LLY | $1.3M | 1,086 | +0.01pp | 8q | -18.9%-$303.5K | |
| BROADCOM INC | AVGO | $1.3M | 3,381 | +0.01pp | 4q | -12.4%-$180.9K | |
| MASTERCARD INCORPORATED | MA | $1.1M | 2,190 | -0.01pp | 24q | -33.5%-$567.7K | |
| IMMUNOME INC | IMNM | $940.6K | 44,389 | flat | 7q | HELD | |
| EATON CORP PLC | ETN | $862.5K | 2,024 | flat | 10q | -11.8%-$115.5K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $856.4K | 2,921 | flat | 10q | -8.5%-$79.7K | |
| VANGUARD INTL EQUITY INDEX F | VEU | $840.3K | 10,034 | - | new | NEW | |
| SCHWAB CHARLES CORP | SCHW | $817.4K | 8,859 | - | new | NEW | |
| VANGUARD INDEX FDS | VV | $732.9K | 2,131 | +0.02pp | 3q | +213.4%+$499.0K | |
| AIRBNB INC | ABNB | $681.2K | 4,760 | -0.02pp | 2q | -51.1%-$712.9K | |
| AMPHENOL CORP | APH | $640.2K | 3,631 | flat | 3q | -25.6%-$220.0K | |
| ISHARES TR | SHY | $501.6K | 6,108 | flat | 4q | HELD | |
| ISHARES INC | EWY | $483.8K | 2,396 | - | new | NEW | |
| SPROTT ASSET MANAGEMENT LP | PSLV | $471.8K | 25,000 | - | new | NEW | |
| CARGURUS INC | CARG | $404.6K | 11,868 | - | new | NEW | |
| S&P GLOBAL INC | SPGI | $388.5K | 954 | -0.03pp | 2q | -69.3%-$876.4K | |
| SMITH & NEPHEW PLC | SNN | $376.4K | 13,064 | flat | 16q | -25.9%-$131.8K | |
| SELECT SECTOR SPDR TR | XLV | $338.7K | 2,135 | - | new | NEW | |
| AUTOMATIC DATA PROCESSING IN | ADP | $322.5K | 1,440 | -0.01pp | 18q | -58.7%-$457.8K | |
| SERVICENOW INC | NOW | $285.8K | 2,879 | -0.02pp | 2q | -63.3%-$492.7K | |
| TJX COS INC NEW | TJX | $269.5K | 1,779 | -0.01pp | 2q | -62.6%-$450.6K | |
| EAST WEST BANCORP INC | EWBC | $229.3K | 1,776 | - | new | NEW | |
| UBER TECHNOLOGIES INC | UBER | $203.5K | 2,820 | -0.01pp | 4q | -52.9%-$228.2K | |
| VANGUARD INDEX FDS | VTI | $200.6K | 542 | - | new | NEW | |
| PIEDMONT REALTY TRUST INC | PDM | $135.5K | 14,812 | - | new | NEW |
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 |
|---|---|---|
| Insurance | $606.8M | 20.0% |
| Software & IT Services | $281.8M | 9.3% |
| Biotech & Pharma | $203.8M | 6.7% |
| Business Services | $201.4M | 6.7% |
| Transport & Logistics | $162.3M | 5.4% |
| Energy | $159.7M | 5.3% |
| Semiconductors & Electronics | $138.9M | 4.6% |
| Retail & Consumer | $119.4M | 3.9% |
| Wholesale & Distribution | $115.5M | 3.8% |
| Real Estate | $110.5M | 3.6% |
| Mining & Metals | $98.5M | 3.3% |
| Capital Markets | $65.2M | 2.2% |
| Other sectors | $358.6M | 11.8% |
| Not classified | $404.9M | 13.4% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $3.0B | 79 | 14 | 10 | 53 | 5 | 45.0% | 13 |
| Q1 2026 | $3.2B | 70 | 8 | 15 | 44 | 10 | 47.5% | 13 |
| Q4 2025 | $3.7B | 72 | 9 | 15 | 42 | 6 | 45.7% | 15 |
| Q3 2025 | $4.0B | 69 | 16 | 8 | 39 | 13 | 48.4% | 44 |
| Q2 2025 | $3.5B | 66 | 5 | 25 | 17 | 8 | 54.7% | 14 |
| Q1 2025 | $3.3B | 69 | 5 | 9 | 49 | 5 | 56.3% | 23 |
| Q4 2024 | $3.4B | 69 | 6 | 19 | 29 | 5 | 54.8% | 24 |
| Q3 2024 | $3.6B | 68 | 12 | 26 | 28 | 2 | 53.7% | 16 |
| Q2 2024 | $3.5B | 58 | 3 | 26 | 26 | 6 | 55.7% | 23 |
| Q1 2024 | $3.7B | 61 | 6 | 25 | 25 | 5 | 56.9% | 16 |
| Q4 2023 | $3.6B | 60 | 13 | 25 | 17 | 2 | 54.5% | 12 |
| Q3 2023 | $3.3B | 49 | 3 | 28 | 17 | 5 | 55.6% | 13 |
| Q2 2023 | $3.3B | 51 | 4 | 27 | 15 | 1 | 58.3% | 24 |
| Q1 2023 | $3.2B | 48 | 0 | 25 | 21 | 3 | 55.0% | 14 |
| Q4 2022 | $3.1B | 51 | 4 | 13 | 21 | 3 | 56.4% | 37 |
| Q3 2022 | $2.7B | 50 | 3 | 24 | 22 | 2 | 58.3% | 25 |
| Q2 2022 | $2.9B | 49 | 2 | 4 | 42 | 2 | 57.8% | 19 |
| Q1 2022 | $3.4B | 49 | 3 | 37 | 6 | 6 | 58.5% | 13 |
| Q4 2021 | $3.4B | 52 | 6 | 12 | 26 | 2 | 56.0% | 20 |
| Q3 2021 | $3.2B | 48 | 2 | 22 | 22 | 3 | 56.2% | 14 |
| Q2 2021 | $3.3B | 49 | 2 | 40 | 7 | 3 | 55.0% | 16 |
| Q1 2021 | $2.9B | 50 | 3 | 32 | 12 | 0 | 56.3% | 14 |
| Q4 2020 | $2.7B | 47 | 11 | 18 | 18 | 3 | 54.9% | 20 |
| Q3 2020 | $2.3B | 39 | 8 | 10 | 21 | 5 | 57.6% | 19 |
| Q2 2020 | $2.2B | 36 | 7 | 7 | 22 | 12 | 59.2% | 16 |
| Q1 2020 | $2.0B | 41 | 7 | 9 | 23 | 3 | 58.9% | 35 |
| Q4 2019 | $2.6B | 37 | 0 | 12 | 22 | 1 | 57.1% | 44 |
| Q3 2019 | $2.4B | 38 | 4 | 5 | 25 | 2 | 53.8% | 44 |
| Q2 2019 | $2.5B | 36 | 4 | 4 | 27 | 11 | 53.3% | 44 |
| Q1 2019 | $2.6B | 43 | 3 | 13 | 19 | 3 | 52.2% | 44 |
| Q4 2018 | $2.5B | 43 | 0 | 0 | 0 | 0 | 49.9% | 44 |
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.