Scharf Investments, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 16, 2024), Scharf Investments, LLC reported 68 stock positions worth $3.6 billion. Its top holding was Fiserv (FISV) at 6.6% of the portfolio, followed by Brookfield (BN, 6.4%) and Berkshire Hathaway Class B (BRK.B, 6.0%). Compared with Q2 2024, it opened 12 new positions, sold out of 2, added to 27 and reduced 28. The biggest buy was a new position in Cme (CME) and the biggest sale Unilever (UL, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- LOS GATOS, CA
- CIK
- 0001463746
- Portfolio Value
- $3.6B (Q3 2024)
- SEC Filing
- 0001085146-24-004931 ↗ filed Oct 16, 2024
Holdings Value
Holdings 68 stocks · $3.6B
| FISV Fiserv Inc. | 6.58% | 1,330,045 | $238.9M | Reduce -4.8% |
| BN Brookfield Corp. | 6.39% | 4,368,770 | $232.2M | Reduce -9.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.05% | 477,283 | $219.7M | Reduce -5.4% |
| MCK McKesson Corp. | 5.97% | 438,922 | $217.0M | Reduce -8.8% |
| CMCSA Comcast Corp. Class A | 5.47% | 4,755,887 | $198.7M | Reduce -3.3% |
| MSFT Microsoft Corp. | 5.34% | 450,930 | $194.0M | Reduce -4.8% |
| ORCL Oracle Corp. | 4.60% | 981,365 | $167.2M | Reduce -25.1% |
| APD Air Products & Chemicals Inc. | 4.49% | 547,877 | $163.1M | Add +19.3% |
| CNC Centene Corp. | 4.43% | 2,139,522 | $161.1M | Reduce -4.5% |
| MKL Markel Group Inc. | 4.35% | 100,829 | $158.2M | Reduce -5.5% |
| V Visa Inc. Class A | 4.12% | 544,642 | $149.7M | Reduce -5.0% |
| O Realty Income Corp. | 4.05% | 2,321,695 | $147.2M | Reduce -6.9% |
| NVS Novartis AG-Sponsored ADR | 4.05% | 1,277,793 | $147.0M | Reduce -5.5% |
| UNP Union Pacific Corp. | 3.80% | 559,621 | $137.9M | Reduce -3.7% |
| LMT Lockheed Martin Corp. | 3.36% | 208,843 | $122.1M | Reduce -3.9% |
| CVS CVS Health Corp. | 3.30% | 1,905,155 | $119.8M | Reduce -4.0% |
| CME Cme Group Inc. | 2.84% | 467,118 | $103.1M | New |
| BKNG Booking Holdings Inc. | 2.51% | 21,684 | $91.3M | Reduce -4.9% |
| SNN Smith & Nephew PLC -Spon ADR | 2.49% | 2,900,452 | $90.3M | Reduce -2.9% |
| AON Aon PLC Class A | 2.39% | 250,739 | $86.8M | Add +4.3% |
| OXY Occidental Petroleum Corp. | 2.35% | 1,655,508 | $85.3M | Add +144.1% |
| UHAL.B U-Haul Holding Co.-Non Voting | 2.05% | 1,033,451 | $74.4M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.66% | 627,759 | $60.4M | Reduce -4.9% |
| GNTX Gentex Corp. | 1.55% | 1,898,159 | $56.4M | Reduce -16.7% |
| UHAL U-Haul Holding Co. | 1.50% | 704,004 | $54.5M | Add +4.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.16% | 457,679 | $42.0M | Reduce -21.4% |
| MLKN Millerknoll Inc. | 0.94% | 1,382,304 | $34.2M | Reduce -45.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.64% | 40,371 | $23.2M | Add +17.8% |
| NVDA Nvidia Corp. | 0.14% | 40,932 | $5.0M | Add +2.8% |
| POR Portland General Electric Co. | 0.11% | 87,012 | $4.2M | Add +5.2% |
| AAPL Apple Inc. | 0.11% | 16,769 | $3.9M | Add +6.0% |
| INTU Intuit Inc. | 0.09% | 5,244 | $3.3M | Add +2.5% |
| GOOG Alphabet Inc. Class C | 0.09% | 19,270 | $3.2M | Add +1.6% |
| ACN Accenture PLC Class A | 0.08% | 7,966 | $2.8M | Add +2.4% |
| SYK Stryker Corp. | 0.07% | 7,515 | $2.7M | Add +2.7% |
| CRM Salesforce Inc. | 0.07% | 9,763 | $2.7M | Add +3.0% |
| ADBE Adobe Inc. | 0.07% | 4,724 | $2.4M | Add +2.6% |
| UNH Unitedhealth Group Inc. | 0.06% | 3,954 | $2.3M | Add +1.7% |
| MA Mastercard Inc. Class A | 0.06% | 4,581 | $2.3M | Add +2.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.06% | 2,001 | $2.1M | Add +2.6% |
| SONY Sony Group Corp. - SP ADR | 0.06% | 20,889 | $2.0M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 0.05% | 12,020 | $2.0M | Add +2.1% |
| VVV Valvoline Inc. | 0.05% | 46,873 | $2.0M | Reduce -14.2% |
| ADP Automatic Data Processing | 0.05% | 6,270 | $1.7M | Add +2.5% |
| BIDU Baidu Inc. - Spon ADR | 0.04% | 13,288 | $1.4M | Reduce -34.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.04% | 2 | $1.4M | No change |
| LLY Eli Lilly & Co. | 0.04% | 1,494 | $1.3M | New |
| ETN Eaton Corp. PLC | 0.03% | 3,102 | $1.0M | Add +2.6% |
| PGR Progressive Corp. | 0.02% | 3,314 | $841K | Reduce -4.6% |
| CP Canadian Pacific Kansas City | 0.02% | 9,651 | $826K | Reduce -19.7% |
| UL Unilever PLC | 0.01% | 7,660 | $498K | Reduce -99.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.01% | 1,095 | $463K | Reduce -50.0% |
| CARG Cargurus Inc. | 0.01% | 14,163 | $425K | Add +36.8% |
| MMI Marcus & Millichap Inc. | 0.01% | 9,527 | $378K | Add +36.8% |
| IWB iShares Russell 1000 ETF | 0.01% | 1,030 | $324K | Reduce -8.0% |
| EWBC East West Bancorp Inc. | 0.01% | 3,191 | $264K | New |
| SMG Scotts Miracle-Gro Co. | 0.01% | 2,729 | $237K | New |
| HQY Healthequity Inc. | 0.01% | 2,880 | $236K | New |
| KRC Kilroy Realty Corp. | 0.01% | 6,022 | $233K | New |
| PDM Piedmont Realty Trust Inc. | 0.01% | 22,687 | $229K | Add +22.9% |
| ALLY Ally Financial Inc. | 0.01% | 6,386 | $227K | New |
| HIW Highwoods Properties Inc. | 0.01% | 6,762 | $227K | New |
| WHD Cactus Inc. Class A | 0.01% | 3,682 | $220K | New |
| DGX Quest Diagnostics Inc. | 0.01% | 1,413 | $219K | New |
| FHN First Horizon Corp. | 0.01% | 13,794 | $214K | Add +36.9% |
| AWI Armstrong World Industries | 0.01% | 1,617 | $213K | New |
| VOXX Voxx International Corp. | 0.01% | 28,821 | $183K | New |
| BDN Brandywine Realty Trust | 0.00% | 29,683 | $161K | Add +47.8% |
Portfolio Sells Q2 2024 → Q3 2024
| UL Unilever PLC | Reduce -99.6% | 0.01% | −2.71 |
| MCK McKesson Corp. | Reduce -8.8% | 5.97% | −2.04 |
| MLKN Millerknoll Inc. | Reduce -45.6% | 0.94% | −0.98 |
| MSFT Microsoft Corp. | Reduce -4.8% | 5.34% | −0.69 |
| ORCL Oracle Corp. | Reduce -25.1% | 4.60% | −0.67 |
| GNTX Gentex Corp. | Reduce -16.7% | 1.55% | −0.64 |
| MKL Markel Group Inc. | Reduce -5.5% | 4.35% | −0.44 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -21.4% | 1.16% | −0.37 |
| DIS The Walt Disney Co. | Reduce -4.9% | 1.66% | −0.21 |
| V Visa Inc. Class A | Reduce -5.0% | 4.12% | −0.17 |
| BKNG Booking Holdings Inc. | Reduce -4.9% | 2.51% | −0.06 |
| NVS Novartis AG-Sponsored ADR | Reduce -5.5% | 4.05% | −0.06 |
| CVS CVS Health Corp. | Reduce -4.0% | 3.30% | −0.04 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -3.3% | 5.47% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| VVV Valvoline Inc. | Reduce -14.2% | 0.05% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -50.0% | 0.01% | −0.01 |
| BIDU Baidu Inc. - Spon ADR | Reduce -34.6% | 0.04% | −0.01 |
| CP Canadian Pacific Kansas City | Reduce -19.7% | 0.02% | −0.00 |
| IWB iShares Russell 1000 ETF | Reduce -8.0% | 0.01% | −0.00 |
| PGR Progressive Corp. | Reduce -4.6% | 0.02% | +0.00 |
| UNP Union Pacific Corp. | Reduce -3.7% | 3.80% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.4% | 6.05% | +0.19 |
| CNC Centene Corp. | Reduce -4.5% | 4.43% | +0.20 |
| O Realty Income Corp. | Reduce -6.9% | 4.05% | +0.30 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -2.9% | 2.49% | +0.38 |
| LMT Lockheed Martin Corp. | Reduce -3.9% | 3.36% | +0.47 |
| FISV Fiserv Inc. | Reduce -4.8% | 6.58% | +0.64 |
| BN Brookfield Corp. | Reduce -9.3% | 6.39% | +0.69 |
Portfolio Buys Q2 2024 → Q3 2024
| CME Cme Group Inc. | New | 2.84% | +2.84 |
| OXY Occidental Petroleum Corp. | Add +144.1% | 2.35% | +1.13 |
| APD Air Products & Chemicals Inc. | Add +19.3% | 4.49% | +1.11 |
| AON Aon PLC Class A | Add +4.3% | 2.39% | +0.37 |
| UHAL U-Haul Holding Co. | Add +4.0% | 1.50% | +0.31 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +0.1% | 2.05% | +0.28 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +17.8% | 0.64% | +0.11 |
| LLY Eli Lilly & Co. | New | 0.04% | +0.04 |
| POR Portland General Electric Co. | Add +5.2% | 0.11% | +0.01 |
| AAPL Apple Inc. | Add +6.0% | 0.11% | +0.01 |
| ACN Accenture PLC Class A | Add +2.4% | 0.08% | +0.01 |
| EWBC East West Bancorp Inc. | New | 0.01% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +1.7% | 0.06% | +0.01 |
| GWW WW Grainger Inc. | Add +2.6% | 0.06% | +0.01 |
| SONY Sony Group Corp. - SP ADR | Add +4.3% | 0.06% | +0.01 |
| HQY Healthequity Inc. | New | 0.01% | +0.01 |
| SMG Scotts Miracle-Gro Co. | New | 0.01% | +0.01 |
| KRC Kilroy Realty Corp. | New | 0.01% | +0.01 |
| ALLY Ally Financial Inc. | New | 0.01% | +0.01 |
| HIW Highwoods Properties Inc. | New | 0.01% | +0.01 |
| ADP Automatic Data Processing | Add +2.5% | 0.05% | +0.01 |
| WHD Cactus Inc. Class A | New | 0.01% | +0.01 |
| DGX Quest Diagnostics Inc. | New | 0.01% | +0.01 |
| AWI Armstrong World Industries | New | 0.01% | +0.01 |
| MA Mastercard Inc. Class A | Add +2.3% | 0.06% | +0.01 |
| VOXX Voxx International Corp. | New | 0.01% | +0.01 |
| MMI Marcus & Millichap Inc. | Add +36.8% | 0.01% | +0.00 |
| CARG Cargurus Inc. | Add +36.8% | 0.01% | +0.00 |
| CRM Salesforce Inc. | Add +3.0% | 0.07% | +0.00 |
| SYK Stryker Corp. | Add +2.7% | 0.07% | +0.00 |
| PDM Piedmont Realty Trust Inc. | Add +22.9% | 0.01% | +0.00 |
| BDN Brandywine Realty Trust | Add +47.8% | 0.00% | +0.00 |
| FHN First Horizon Corp. | Add +36.9% | 0.01% | +0.00 |
| ETN Eaton Corp. PLC | Add +2.6% | 0.03% | +0.00 |
| NVDA Nvidia Corp. | Add +2.8% | 0.14% | −0.00 |
| ADBE Adobe Inc. | Add +2.6% | 0.07% | −0.01 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 0.05% | −0.01 |
| INTU Intuit Inc. | Add +2.5% | 0.09% | −0.01 |
| GOOG Alphabet Inc. Class C | Add +1.6% | 0.09% | −0.01 |
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 |