Scharf Investments, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), Scharf Investments, LLC reported 58 stock positions worth $3.5 billion. Its top holding was McKesson (MCK) at 8.0% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Fiserv (FISV, 5.9%). Compared with Q1 2024, it opened 3 new positions, sold out of 6, added to 25 and reduced 27. The biggest buy was Gentex (GNTX, shares +36001%) and the biggest sale Valvoline (VVV, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- LOS GATOS, CA
- CIK
- 0001463746
- Portfolio Value
- $3.5B (Q2 2024)
- SEC Filing
- 0001085146-24-003179 ↗ filed Jul 23, 2024
Holdings Value
Holdings 58 stocks · $3.5B
| MCK McKesson Corp. | 8.02% | 481,233 | $281.1M | Reduce -5.4% |
| MSFT Microsoft Corp. | 6.04% | 473,446 | $211.6M | Reduce -5.7% |
| FISV Fiserv Inc. | 5.94% | 1,397,202 | $208.2M | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.85% | 504,373 | $205.2M | Reduce -12.2% |
| BN Brookfield Corp. | 5.71% | 4,816,425 | $200.1M | Reduce -2.1% |
| CMCSA Comcast Corp. Class A | 5.49% | 4,916,005 | $192.5M | Reduce -5.1% |
| ORCL Oracle Corp. | 5.27% | 1,309,407 | $184.9M | Reduce -7.3% |
| MKL Markel Group Inc. | 4.80% | 106,706 | $168.1M | Reduce -13.3% |
| V Visa Inc. Class A | 4.29% | 573,500 | $150.5M | Reduce -6.6% |
| CNC Centene Corp. | 4.24% | 2,239,756 | $148.5M | Reduce -2.8% |
| NVS Novartis AG-Sponsored ADR | 4.10% | 1,351,452 | $143.9M | Reduce -1.0% |
| O Realty Income Corp. | 3.76% | 2,493,721 | $131.7M | Reduce -8.5% |
| UNP Union Pacific Corp. | 3.75% | 581,104 | $131.5M | Reduce -0.8% |
| APD Air Products & Chemicals Inc. | 3.38% | 459,228 | $118.5M | Add +27.6% |
| CVS CVS Health Corp. | 3.34% | 1,983,608 | $117.2M | Reduce -6.2% |
| LMT Lockheed Martin Corp. | 2.90% | 217,299 | $101.5M | Add +12.3% |
| UL Unilever PLC | 2.73% | 1,738,034 | $95.6M | Reduce -31.6% |
| BKNG Booking Holdings Inc. | 2.58% | 22,795 | $90.3M | Reduce -2.8% |
| GNTX Gentex Corp. | 2.19% | 2,278,357 | $76.8M | Add +36001.4% |
| SNN Smith & Nephew PLC -Spon ADR | 2.11% | 2,986,101 | $74.0M | Reduce -0.3% |
| AON Aon PLC Class A | 2.01% | 240,425 | $70.6M | New |
| MLKN Millerknoll Inc. | 1.92% | 2,541,631 | $67.3M | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.87% | 659,891 | $65.5M | Reduce -35.4% |
| UHAL.B U-Haul Holding Co.-Non Voting | 1.77% | 1,032,689 | $62.0M | Reduce -4.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.52% | 582,268 | $53.4M | Add +69.4% |
| OXY Occidental Petroleum Corp. | 1.22% | 678,161 | $42.7M | New |
| UHAL U-Haul Holding Co. | 1.19% | 677,028 | $41.8M | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 34,279 | $18.7M | Reduce -27.4% |
| NVDA Nvidia Corp. | 0.14% | 39,824 | $4.9M | No change |
| POR Portland General Electric Co. | 0.10% | 82,728 | $3.6M | Add +4.4% |
| GOOG Alphabet Inc. Class C | 0.10% | 18,964 | $3.5M | Add +3.8% |
| INTU Intuit Inc. | 0.10% | 5,118 | $3.4M | Add +4.1% |
| AAPL Apple Inc. | 0.10% | 15,825 | $3.3M | Reduce -3.5% |
| ADBE Adobe Inc. | 0.07% | 4,603 | $2.6M | Add +3.6% |
| SYK Stryker Corp. | 0.07% | 7,317 | $2.5M | Add +4.9% |
| CRM Salesforce Inc. | 0.07% | 9,480 | $2.4M | Add +51.7% |
| ACN Accenture PLC Class A | 0.07% | 7,783 | $2.4M | Add +3.6% |
| VVV Valvoline Inc. | 0.07% | 54,596 | $2.4M | Reduce -96.3% |
| GOOGL Alphabet Inc. Class A | 0.06% | 11,771 | $2.1M | Add +3.1% |
| UNH Unitedhealth Group Inc. | 0.06% | 3,889 | $2.0M | Add +4.3% |
| MA Mastercard Inc. Class A | 0.06% | 4,480 | $2.0M | Add +4.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.05% | 1,951 | $1.8M | Reduce -16.1% |
| BIDU Baidu Inc. - Spon ADR | 0.05% | 20,329 | $1.8M | Reduce -34.3% |
| SONY Sony Group Corp. - SP ADR | 0.05% | 20,029 | $1.7M | Add +9.3% |
| ADP Automatic Data Processing | 0.04% | 6,117 | $1.5M | Add +3.0% |
| MRK Merck & Co. Inc. | 0.04% | 10,110 | $1.3M | Add +4.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.03% | 2 | $1.2M | No change |
| ETN Eaton Corp. PLC | 0.03% | 3,024 | $948K | Add +6.3% |
| CP Canadian Pacific Kansas City | 0.03% | 12,016 | $946K | Reduce -87.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.02% | 2,190 | $857K | Add +100.0% |
| NKE Nike Inc. Class B | 0.02% | 10,122 | $763K | Add +5.4% |
| PGR Progressive Corp. | 0.02% | 3,475 | $722K | No change |
| IWB iShares Russell 1000 ETF | 0.01% | 1,120 | $333K | Reduce -17.1% |
| CARG Cargurus Inc. | 0.01% | 10,350 | $271K | Add +17.9% |
| MMI Marcus & Millichap Inc. | 0.01% | 6,962 | $219K | Add +17.9% |
| FHN First Horizon Corp. | 0.00% | 10,080 | $159K | New |
| PDM Piedmont Realty Trust Inc. | 0.00% | 18,460 | $134K | Add +17.9% |
| BDN Brandywine Realty Trust | 0.00% | 20,087 | $90K | Add +17.9% |
Portfolio Sells Q1 2024 → Q2 2024
| VVV Valvoline Inc. | Reduce -96.3% | 0.07% | −1.72 |
| DIS The Walt Disney Co. | Reduce -35.4% | 1.87% | −1.51 |
| MTCH Match Group Inc. | Sold out | 0.00% | −1.44 |
| CVS CVS Health Corp. | Reduce -6.2% | 3.34% | −1.22 |
| UL Unilever PLC | Reduce -31.6% | 2.73% | −0.73 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -12.2% | 5.85% | −0.68 |
| CNC Centene Corp. | Reduce -2.8% | 4.24% | −0.66 |
| CMCSA Comcast Corp. Class A | Reduce -5.1% | 5.49% | −0.59 |
| V Visa Inc. Class A | Reduce -6.6% | 4.29% | −0.35 |
| MKL Markel Group Inc. | Reduce -13.3% | 4.80% | −0.27 |
| O Realty Income Corp. | Reduce -8.5% | 3.76% | −0.23 |
| FISV Fiserv Inc. | Reduce -1.6% | 5.94% | −0.20 |
| CP Canadian Pacific Kansas City | Reduce -87.2% | 0.03% | −0.20 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -4.1% | 1.77% | −0.18 |
| UNP Union Pacific Corp. | Reduce -0.8% | 3.75% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -27.4% | 0.53% | −0.14 |
| BIDU Baidu Inc. - Spon ADR | Reduce -34.3% | 0.05% | −0.04 |
| GWW WW Grainger Inc. | Reduce -16.1% | 0.05% | −0.01 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.01 |
| IDHQ Invesco S&P International DE | Sold out | 0.00% | −0.01 |
| DGX Quest Diagnostics Inc. | Sold out | 0.00% | −0.01 |
| QUINCE THERAPEUTICS INC | Sold out | 0.00% | −0.00 |
| IWB iShares Russell 1000 ETF | Reduce -17.1% | 0.01% | −0.00 |
| LILMF Lilium NV | Sold out | 0.00% | −0.00 |
| AAPL Apple Inc. | Reduce -3.5% | 0.10% | +0.02 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -0.3% | 2.11% | +0.05 |
| BN Brookfield Corp. | Reduce -2.1% | 5.71% | +0.13 |
| MLKN Millerknoll Inc. | Reduce -2.5% | 1.92% | +0.17 |
| BKNG Booking Holdings Inc. | Reduce -2.8% | 2.58% | +0.27 |
| MSFT Microsoft Corp. | Reduce -5.7% | 6.04% | +0.32 |
| ORCL Oracle Corp. | Reduce -7.3% | 5.27% | +0.47 |
| NVS Novartis AG-Sponsored ADR | Reduce -1.0% | 4.10% | +0.53 |
| MCK McKesson Corp. | Reduce -5.4% | 8.02% | +0.62 |
Portfolio Buys Q1 2024 → Q2 2024
| GNTX Gentex Corp. | Add +36001.4% | 2.19% | +2.18 |
| AON Aon PLC Class A | New | 2.01% | +2.01 |
| OXY Occidental Petroleum Corp. | New | 1.22% | +1.22 |
| APD Air Products & Chemicals Inc. | Add +27.6% | 3.38% | +1.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +69.4% | 1.52% | +0.67 |
| LMT Lockheed Martin Corp. | Add +12.3% | 2.90% | +0.51 |
| GOOG Alphabet Inc. Class C | Add +3.8% | 0.10% | +0.02 |
| CRM Salesforce Inc. | Add +51.7% | 0.07% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +3.1% | 0.06% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +100.0% | 0.02% | +0.01 |
| ADBE Adobe Inc. | Add +3.6% | 0.07% | +0.01 |
| POR Portland General Electric Co. | Add +4.4% | 0.10% | +0.01 |
| INTU Intuit Inc. | Add +4.1% | 0.10% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +4.3% | 0.06% | +0.01 |
| SONY Sony Group Corp. - SP ADR | Add +9.3% | 0.05% | +0.01 |
| FHN First Horizon Corp. | New | 0.00% | +0.00 |
| SYK Stryker Corp. | Add +4.9% | 0.07% | +0.00 |
| ETN Eaton Corp. PLC | Add +6.3% | 0.03% | +0.00 |
| CARG Cargurus Inc. | Add +17.9% | 0.01% | +0.00 |
| ADP Automatic Data Processing | Add +3.0% | 0.04% | +0.00 |
| MRK Merck & Co. Inc. | Add +4.7% | 0.04% | +0.00 |
| MMI Marcus & Millichap Inc. | Add +17.9% | 0.01% | +0.00 |
| PDM Piedmont Realty Trust Inc. | Add +17.9% | 0.00% | +0.00 |
| MA Mastercard Inc. Class A | Add +4.5% | 0.06% | +0.00 |
| BDN Brandywine Realty Trust | Add +17.9% | 0.00% | +0.00 |
| NKE Nike Inc. Class B | Add +5.4% | 0.02% | −0.00 |
| ACN Accenture PLC Class A | Add +3.6% | 0.07% | −0.00 |
| UHAL U-Haul Holding Co. | Add +1.2% | 1.19% | −0.03 |
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 |