Scharf Investments, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Scharf Investments, LLC reported 69 stock positions worth $3.4 billion. Its top holding was Fiserv (FISV) at 7.6% of the portfolio, followed by Brookfield (BN, 7.0%) and McKesson (MCK, 6.6%). Compared with Q3 2024, it opened 6 new positions, sold out of 5, added to 18 and reduced 29. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +315%) and the biggest sale Realty Income (O, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- LOS GATOS, CA
- CIK
- 0001463746
- Portfolio Value
- $3.4B (Q4 2024)
- SEC Filing
- 0001085146-25-000462 ↗ filed Jan 24, 2025
Holdings Value
Holdings 69 stocks · $3.4B
| FISV Fiserv Inc. | 7.58% | 1,244,900 | $255.7M | Reduce -6.4% |
| BN Brookfield Corp. | 7.01% | 4,114,865 | $236.4M | Reduce -5.8% |
| MCK McKesson Corp. | 6.59% | 389,825 | $222.2M | Reduce -11.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.04% | 449,023 | $203.5M | Reduce -5.9% |
| MSFT Microsoft Corp. | 5.31% | 424,895 | $179.1M | Reduce -5.8% |
| MKL Markel Group Inc. | 4.88% | 95,265 | $164.4M | Reduce -5.5% |
| V Visa Inc. Class A | 4.78% | 509,623 | $161.1M | Reduce -6.4% |
| ORCL Oracle Corp. | 4.51% | 912,917 | $152.1M | Reduce -7.0% |
| APD Air Products & Chemicals Inc. | 4.46% | 518,150 | $150.3M | Reduce -5.4% |
| UNP Union Pacific Corp. | 3.63% | 537,113 | $122.5M | Reduce -4.0% |
| OXY Occidental Petroleum Corp. | 3.61% | 2,461,033 | $121.6M | Add +48.7% |
| CNC Centene Corp. | 3.58% | 1,991,381 | $120.6M | Reduce -6.9% |
| NVS Novartis AG-Sponsored ADR | 3.47% | 1,203,323 | $117.1M | Reduce -5.8% |
| CMCSA Comcast Corp. Class A | 3.33% | 2,992,088 | $112.3M | Reduce -37.1% |
| CME Cme Group Inc. | 3.10% | 450,822 | $104.7M | Reduce -3.5% |
| BKNG Booking Holdings Inc. | 3.03% | 20,565 | $102.2M | Reduce -5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.91% | 167,474 | $98.2M | Add +314.8% |
| LMT Lockheed Martin Corp. | 2.85% | 197,786 | $96.1M | Reduce -5.3% |
| AON Aon PLC Class A | 2.52% | 236,323 | $84.9M | Reduce -5.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.94% | 588,972 | $65.6M | Reduce -6.2% |
| SNN Smith & Nephew PLC -Spon ADR | 1.92% | 2,631,524 | $64.7M | Reduce -9.3% |
| UHAL.B U-Haul Holding Co.-Non Voting | 1.89% | 996,803 | $63.8M | Reduce -3.5% |
| DCI Donaldson Co. Inc. | 1.83% | 916,064 | $61.7M | New |
| CVS CVS Health Corp. | 1.77% | 1,023,061 | $59.6M | Reduce -46.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.56% | 1,372,122 | $52.6M | New |
| GNTX Gentex Corp. | 1.56% | 1,829,868 | $52.6M | Reduce -3.6% |
| UHAL U-Haul Holding Co. | 1.30% | 635,399 | $43.9M | Reduce -9.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.68% | 249,690 | $22.8M | Reduce -45.4% |
| MLKN Millerknoll Inc. | 0.57% | 848,593 | $19.2M | Reduce -38.6% |
| NVDA Nvidia Corp. | 0.17% | 42,939 | $5.8M | Add +4.9% |
| AAPL Apple Inc. | 0.13% | 17,296 | $4.3M | Add +3.1% |
| POR Portland General Electric Co. | 0.12% | 90,417 | $3.9M | Add +3.9% |
| GOOG Alphabet Inc. Class C | 0.12% | 20,510 | $3.9M | Add +6.4% |
| INTU Intuit Inc. | 0.10% | 5,570 | $3.5M | Add +6.2% |
| CRM Salesforce Inc. | 0.10% | 10,362 | $3.5M | Add +6.1% |
| IWB iShares Russell 1000 ETF | 0.10% | 10,113 | $3.3M | Add +881.8% |
| ACN Accenture PLC Class A | 0.09% | 8,513 | $3.0M | Add +6.9% |
| SYK Stryker Corp. | 0.09% | 8,052 | $2.9M | Add +7.2% |
| MA Mastercard Inc. Class A | 0.08% | 4,915 | $2.6M | Add +7.3% |
| GOOGL Alphabet Inc. Class A | 0.07% | 12,855 | $2.4M | Add +7.0% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.07% | 2,122 | $2.2M | Add +6.0% |
| SONY Sony Group Corp. - SP ADR | 0.07% | 104,445 | $2.2M | No change |
| ADBE Adobe Inc. | 0.06% | 4,507 | $2.0M | Reduce -4.6% |
| ADP Automatic Data Processing | 0.06% | 6,765 | $2.0M | Add +7.9% |
| LLY Eli Lilly & Co. | 0.05% | 2,240 | $1.7M | Add +49.9% |
| VVV Valvoline Inc. | 0.05% | 42,893 | $1.6M | Reduce -8.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.04% | 2 | $1.4M | No change |
| ETN Eaton Corp. PLC | 0.03% | 3,327 | $1.1M | Add +7.3% |
| SCHW Schwab (charles) Corp. | 0.03% | 14,765 | $1.1M | New |
| PGR Progressive Corp. | 0.02% | 3,475 | $833K | Add +4.9% |
| CP Canadian Pacific Kansas City | 0.02% | 7,683 | $556K | Reduce -20.4% |
| CARG Cargurus Inc. | 0.02% | 14,163 | $518K | No change |
| O Realty Income Corp. | 0.01% | 8,954 | $478K | Reduce -99.6% |
| IMNM Immunome Inc. | 0.01% | 44,389 | $471K | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.01% | 1,095 | $466K | No change |
| MMI Marcus & Millichap Inc. | 0.01% | 9,527 | $365K | No change |
| EWBC East West Bancorp Inc. | 0.01% | 3,191 | $306K | No change |
| FHN First Horizon Corp. | 0.01% | 13,794 | $278K | No change |
| HQY Healthequity Inc. | 0.01% | 2,880 | $276K | No change |
| KRC Kilroy Realty Corp. | 0.01% | 6,022 | $244K | No change |
| ALLY Ally Financial Inc. | 0.01% | 6,386 | $230K | No change |
| AWI Armstrong World Industries | 0.01% | 1,617 | $229K | No change |
| NATL NCR Atleos Corp. | 0.01% | 6,364 | $216K | New |
| WHD Cactus Inc. Class A | 0.01% | 3,682 | $215K | No change |
| DGX Quest Diagnostics Inc. | 0.01% | 1,413 | $213K | No change |
| VOXX Voxx International Corp. | 0.01% | 28,821 | $213K | No change |
| PDM Piedmont Realty Trust Inc. | 0.01% | 22,687 | $208K | No change |
| QUINCE THERAPEUTICS INC | 0.01% | 91,061 | $170K | New |
| BDN Brandywine Realty Trust | 0.00% | 29,683 | $166K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| O Realty Income Corp. | Reduce -99.6% | 0.01% | −4.04 |
| CMCSA Comcast Corp. Class A | Reduce -37.1% | 3.33% | −2.14 |
| CVS CVS Health Corp. | Reduce -46.3% | 1.77% | −1.53 |
| CNC Centene Corp. | Reduce -6.9% | 3.58% | −0.86 |
| NVS Novartis AG-Sponsored ADR | Reduce -5.8% | 3.47% | −0.57 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -9.3% | 1.92% | −0.57 |
| LMT Lockheed Martin Corp. | Reduce -5.3% | 2.85% | −0.51 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -45.4% | 0.68% | −0.48 |
| MLKN Millerknoll Inc. | Reduce -38.6% | 0.57% | −0.37 |
| UHAL U-Haul Holding Co. | Reduce -9.7% | 1.30% | −0.20 |
| UNP Union Pacific Corp. | Reduce -4.0% | 3.63% | −0.17 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -3.5% | 1.89% | −0.16 |
| ORCL Oracle Corp. | Reduce -7.0% | 4.51% | −0.09 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.06 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -5.4% | 4.46% | −0.04 |
| MSFT Microsoft Corp. | Reduce -5.8% | 5.31% | −0.03 |
| UL Unilever PLC | Sold out | 0.00% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.9% | 6.04% | −0.01 |
| VVV Valvoline Inc. | Reduce -8.5% | 0.05% | −0.01 |
| ADBE Adobe Inc. | Reduce -4.6% | 0.06% | −0.01 |
| SMG Scotts Miracle-Gro Co. | Sold out | 0.00% | −0.01 |
| CP Canadian Pacific Kansas City | Reduce -20.4% | 0.02% | −0.01 |
| HIW Highwoods Properties Inc. | Sold out | 0.00% | −0.01 |
| GNTX Gentex Corp. | Reduce -3.6% | 1.56% | +0.01 |
| AON Aon PLC Class A | Reduce -5.8% | 2.52% | +0.13 |
| CME Cme Group Inc. | Reduce -3.5% | 3.10% | +0.27 |
| DIS The Walt Disney Co. | Reduce -6.2% | 1.94% | +0.28 |
| BKNG Booking Holdings Inc. | Reduce -5.2% | 3.03% | +0.51 |
| MKL Markel Group Inc. | Reduce -5.5% | 4.88% | +0.52 |
| MCK McKesson Corp. | Reduce -11.2% | 6.59% | +0.61 |
| BN Brookfield Corp. | Reduce -5.8% | 7.01% | +0.62 |
| V Visa Inc. Class A | Reduce -6.4% | 4.78% | +0.65 |
| FISV Fiserv Inc. | Reduce -6.4% | 7.58% | +1.00 |
Portfolio Buys Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +314.8% | 2.91% | +2.27 |
| DCI Donaldson Co. Inc. | New | 1.83% | +1.83 |
| SLB SLB Ltd. | New | 1.56% | +1.56 |
| OXY Occidental Petroleum Corp. | Add +48.7% | 3.61% | +1.26 |
| IWB iShares Russell 1000 ETF | Add +881.8% | 0.10% | +0.09 |
| NVDA Nvidia Corp. | Add +4.9% | 0.17% | +0.03 |
| SCHW Schwab (charles) Corp. | New | 0.03% | +0.03 |
| CRM Salesforce Inc. | Add +6.1% | 0.10% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +6.4% | 0.12% | +0.03 |
| AAPL Apple Inc. | Add +3.1% | 0.13% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +7.0% | 0.07% | +0.02 |
| LLY Eli Lilly & Co. | Add +49.9% | 0.05% | +0.01 |
| MA Mastercard Inc. Class A | Add +7.3% | 0.08% | +0.01 |
| INTU Intuit Inc. | Add +6.2% | 0.10% | +0.01 |
| IMNM Immunome Inc. | New | 0.01% | +0.01 |
| ACN Accenture PLC Class A | Add +6.9% | 0.09% | +0.01 |
| SYK Stryker Corp. | Add +7.2% | 0.09% | +0.01 |
| ADP Automatic Data Processing | Add +7.9% | 0.06% | +0.01 |
| GWW WW Grainger Inc. | Add +6.0% | 0.07% | +0.01 |
| NATL NCR Atleos Corp. | New | 0.01% | +0.01 |
| QUINCE THERAPEUTICS INC | New | 0.01% | +0.01 |
| ETN Eaton Corp. PLC | Add +7.3% | 0.03% | +0.00 |
| POR Portland General Electric Co. | Add +3.9% | 0.12% | +0.00 |
| PGR Progressive Corp. | Add +4.9% | 0.02% | +0.00 |
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 |