Scharf Investments, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), Scharf Investments, LLC reported 61 stock positions worth $3.7 billion. Its top holding was McKesson (MCK) at 7.4% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 6.5%) and Fiserv (FISV, 6.1%). Compared with Q4 2023, it opened 6 new positions, sold out of 5, added to 25 and reduced 26. The biggest buy was a new position in Air Products & Chemicals (APD) and the biggest sale Canadian Pacific Kansas City (CP, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- LOS GATOS, CA
- CIK
- 0001463746
- Portfolio Value
- $3.7B (Q1 2024)
- SEC Filing
- 0001085146-24-001809 ↗ filed Apr 16, 2024
Holdings Value
Holdings 61 stocks · $3.7B
| MCK McKesson Corp. | 7.40% | 508,859 | $273.2M | Reduce -3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.54% | 574,224 | $241.5M | Reduce -7.4% |
| FISV Fiserv Inc. | 6.14% | 1,419,869 | $226.9M | Add +28.4% |
| CMCSA Comcast Corp. Class A | 6.08% | 5,180,906 | $224.6M | Reduce -2.8% |
| MSFT Microsoft Corp. | 5.72% | 501,978 | $211.2M | Reduce -3.2% |
| BN Brookfield Corp. | 5.58% | 4,920,553 | $206.0M | Reduce -3.7% |
| MKL Markel Group Inc. | 5.07% | 122,999 | $187.1M | Reduce -3.1% |
| CNC Centene Corp. | 4.90% | 2,304,028 | $180.8M | Reduce -3.4% |
| ORCL Oracle Corp. | 4.81% | 1,413,024 | $177.5M | Reduce -2.8% |
| V Visa Inc. Class A | 4.64% | 614,096 | $171.4M | Reduce -3.6% |
| CVS CVS Health Corp. | 4.57% | 2,114,601 | $168.7M | Reduce -3.4% |
| O Realty Income Corp. | 3.99% | 2,724,893 | $147.4M | Add +4.7% |
| UNP Union Pacific Corp. | 3.90% | 585,546 | $144.0M | Reduce -3.5% |
| NVS Novartis AG-Sponsored ADR | 3.57% | 1,364,854 | $132.0M | Reduce -4.1% |
| UL Unilever PLC | 3.46% | 2,542,872 | $127.6M | Reduce -1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.38% | 1,021,359 | $125.0M | Reduce -3.4% |
| LMT Lockheed Martin Corp. | 2.38% | 193,543 | $88.0M | Reduce -0.1% |
| APD Air Products & Chemicals Inc. | 2.36% | 359,819 | $87.2M | New |
| BKNG Booking Holdings Inc. | 2.30% | 23,451 | $85.1M | Reduce -27.9% |
| SNN Smith & Nephew PLC -Spon ADR | 2.06% | 2,996,264 | $76.0M | Add +0.5% |
| UHAL.B U-Haul Holding Co.-Non Voting | 1.94% | 1,076,381 | $71.8M | Reduce -5.6% |
| VVV Valvoline Inc. | 1.78% | 1,477,337 | $65.8M | Reduce -44.4% |
| MLKN Millerknoll Inc. | 1.75% | 2,605,862 | $64.5M | Reduce -45.8% |
| MTCH Match Group Inc. | 1.44% | 1,467,996 | $53.3M | Add +70.0% |
| UHAL U-Haul Holding Co. | 1.22% | 668,818 | $45.2M | Add +1.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.85% | 343,686 | $31.6M | Add +1110.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.67% | 47,249 | $24.7M | Reduce -24.5% |
| CP Canadian Pacific Kansas City | 0.22% | 94,202 | $8.3M | Reduce -92.0% |
| NVDA Nvidia Corp. | 0.10% | 3,980 | $3.6M | Add +10.4% |
| POR Portland General Electric Co. | 0.09% | 79,212 | $3.3M | Add +13.0% |
| BIDU Baidu Inc. - Spon ADR | 0.09% | 30,941 | $3.3M | Reduce -31.2% |
| INTU Intuit Inc. | 0.09% | 4,915 | $3.2M | Add +6.0% |
| AAPL Apple Inc. | 0.08% | 16,397 | $2.8M | Reduce -11.9% |
| GOOG Alphabet Inc. Class C | 0.08% | 18,266 | $2.8M | Add +4.6% |
| ACN Accenture PLC Class A | 0.07% | 7,509 | $2.6M | Add +5.1% |
| SYK Stryker Corp. | 0.07% | 6,976 | $2.5M | Add +8.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.06% | 2,324 | $2.4M | Add +7.7% |
| ADBE Adobe Inc. | 0.06% | 4,441 | $2.2M | Add +4.4% |
| MA Mastercard Inc. Class A | 0.06% | 4,286 | $2.1M | Add +5.0% |
| CRM Salesforce Inc. | 0.05% | 6,248 | $1.9M | Add +69.9% |
| UNH Unitedhealth Group Inc. | 0.05% | 3,728 | $1.8M | Add +6.4% |
| GOOGL Alphabet Inc. Class A | 0.05% | 11,417 | $1.7M | Add +5.2% |
| SONY Sony Group Corp. - SP ADR | 0.04% | 18,323 | $1.6M | Add +3.9% |
| ADP Automatic Data Processing | 0.04% | 5,937 | $1.5M | Add +4.6% |
| MRK Merck & Co. Inc. | 0.03% | 9,656 | $1.3M | Add +7.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.03% | 2 | $1.3M | No change |
| NKE Nike Inc. Class B | 0.02% | 9,604 | $903K | Add +24.1% |
| ETN Eaton Corp. PLC | 0.02% | 2,846 | $890K | New |
| PGR Progressive Corp. | 0.02% | 3,475 | $719K | Reduce -1.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.01% | 1,095 | $436K | New |
| IWB iShares Russell 1000 ETF | 0.01% | 1,351 | $389K | Reduce -48.4% |
| KVUE Kenvue Inc. | 0.01% | 12,353 | $265K | Reduce -32.7% |
| IDHQ Invesco S&P International DE | 0.01% | 9,836 | $245K | No change |
| DGX Quest Diagnostics Inc. | 0.01% | 1,758 | $234K | No change |
| GNTX Gentex Corp. | 0.01% | 6,311 | $228K | New |
| CARG Cargurus Inc. | 0.01% | 8,779 | $203K | New |
| MMI Marcus & Millichap Inc. | 0.01% | 5,905 | $202K | Add +18.8% |
| PDM Piedmont Realty Trust Inc. | 0.00% | 15,658 | $110K | Add +18.8% |
| QUINCE THERAPEUTICS INC | 0.00% | 91,061 | $97K | No change |
| BDN Brandywine Realty Trust | 0.00% | 17,038 | $82K | Add +18.8% |
| LILMF Lilium NV | 0.00% | 11,303 | $11K | New |
Portfolio Sells Q4 2023 → Q1 2024
| CP Canadian Pacific Kansas City | Reduce -92.0% | 0.22% | −2.33 |
| MLKN Millerknoll Inc. | Reduce -45.8% | 1.75% | −1.77 |
| VVV Valvoline Inc. | Reduce -44.4% | 1.78% | −0.95 |
| BKNG Booking Holdings Inc. | Reduce -27.9% | 2.30% | −0.86 |
| NVS Novartis AG-Sponsored ADR | Reduce -4.1% | 3.57% | −0.37 |
| CMCSA Comcast Corp. Class A | Reduce -2.8% | 6.08% | −0.32 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -5.6% | 1.94% | −0.26 |
| UNP Union Pacific Corp. | Reduce -3.5% | 3.90% | −0.19 |
| CVS CVS Health Corp. | Reduce -3.4% | 4.57% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -24.5% | 0.67% | −0.15 |
| BIDU Baidu Inc. - Spon ADR | Reduce -31.2% | 0.09% | −0.06 |
| BN Brookfield Corp. | Reduce -3.7% | 5.58% | −0.04 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -0.1% | 2.38% | −0.02 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Reduce -11.9% | 0.08% | −0.02 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -48.4% | 0.01% | −0.01 |
| KVUE Kenvue Inc. | Reduce -32.7% | 0.01% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.00 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.00 |
| PGR Progressive Corp. | Reduce -1.9% | 0.02% | +0.00 |
| UL Unilever PLC | Reduce -1.7% | 3.46% | +0.02 |
| CNC Centene Corp. | Reduce -3.4% | 4.90% | +0.04 |
| V Visa Inc. Class A | Reduce -3.6% | 4.64% | +0.09 |
| MKL Markel Group Inc. | Reduce -3.1% | 5.07% | +0.13 |
| MSFT Microsoft Corp. | Reduce -3.2% | 5.72% | +0.37 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.4% | 6.54% | +0.47 |
| ORCL Oracle Corp. | Reduce -2.8% | 4.81% | +0.60 |
| MCK McKesson Corp. | Reduce -3.1% | 7.40% | +0.73 |
| DIS The Walt Disney Co. | Reduce -3.4% | 3.38% | +0.77 |
Portfolio Buys Q4 2023 → Q1 2024
| APD Air Products & Chemicals Inc. | New | 2.36% | +2.36 |
| FISV Fiserv Inc. | Add +28.4% | 6.14% | +0.80 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1110.6% | 0.85% | +0.78 |
| MTCH Match Group Inc. | Add +70.0% | 1.44% | +0.58 |
| NVDA Nvidia Corp. | Add +10.4% | 0.10% | +0.05 |
| CRM Salesforce Inc. | Add +69.9% | 0.05% | +0.02 |
| ETN Eaton Corp. PLC | New | 0.02% | +0.02 |
| GWW WW Grainger Inc. | Add +7.7% | 0.06% | +0.01 |
| SYK Stryker Corp. | Add +8.6% | 0.07% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.01% | +0.01 |
| MA Mastercard Inc. Class A | Add +5.0% | 0.06% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +4.6% | 0.08% | +0.01 |
| MRK Merck & Co. Inc. | Add +7.2% | 0.03% | +0.01 |
| INTU Intuit Inc. | Add +6.0% | 0.09% | +0.01 |
| POR Portland General Electric Co. | Add +13.0% | 0.09% | +0.01 |
| GNTX Gentex Corp. | New | 0.01% | +0.01 |
| CARG Cargurus Inc. | New | 0.01% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +5.2% | 0.05% | +0.01 |
| ADP Automatic Data Processing | Add +4.6% | 0.04% | +0.00 |
| ACN Accenture PLC Class A | Add +5.1% | 0.07% | +0.00 |
| NKE Nike Inc. Class B | Add +24.1% | 0.02% | +0.00 |
| PDM Piedmont Realty Trust Inc. | Add +18.8% | 0.00% | +0.00 |
| LILMF Lilium NV | New | 0.00% | +0.00 |
| BDN Brandywine Realty Trust | Add +18.8% | 0.00% | +0.00 |
| MMI Marcus & Millichap Inc. | Add +18.8% | 0.01% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +6.4% | 0.05% | −0.00 |
| SONY Sony Group Corp. - SP ADR | Add +3.9% | 0.04% | −0.00 |
| ADBE Adobe Inc. | Add +4.4% | 0.06% | −0.01 |
| UHAL U-Haul Holding Co. | Add +1.7% | 1.22% | −0.07 |
| O Realty Income Corp. | Add +4.7% | 3.99% | −0.11 |
| SNN Smith & Nephew PLC -Spon ADR | Add +0.5% | 2.06% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 79 | $3.0B | KAT, OXY, UNP, GKAT, MKL |
| Q1 2026 | 70 | $3.2B | KAT, OXY, MCK, UNP, FNV |
| Q4 2025 | 72 | $3.7B | KAT, MCK, MSFT, BN, BRK.B |
| Q3 2025 | 69 | $4.0B | KAT, MCK, MSFT, ORCL, BN |
| Q2 2025 | 66 | $3.5B | MCK, MSFT, BRK.B, FISV, ORCL |
| Q1 2025 | 69 | $3.3B | MCK, FISV, BRK.B, BN, V |
| Q4 2024 | 69 | $3.4B | FISV, BN, MCK, BRK.B, MSFT |
| Q3 2024 | 68 | $3.6B | FISV, BN, BRK.B, MCK, CMCSA |
| Q2 2024 | 58 | $3.5B | MCK, MSFT, FISV, BRK.B, BN |
| Q1 2024 | 61 | $3.7B | MCK, BRK.B, FISV, CMCSA, MSFT |