Scharf Investments, LLC

CIK

1463746

Location

LOS GATOS, CA

Portfolio Value

Mid $2,571,935,335

Diversification

Diversified

Filing Date

Global Rank

#208 / 3,203 ▲ 765

Top Industry

Insurance - Property & Casualty 7.9%

3Y Alpha vs SPY

-9.5%

Period ended 30 days ago

Filed Jul 13, 2026 · 17d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+31.6%

SPY

+65.3%

Annualised alpha

-8.6%

Max drawdown

−12.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

66 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

6.0%

−2.2 pts

Top 5

25.4%

−4.1 pts

Top 10

46.6%

−2.9 pts

HHI

355

Diversified−46

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	27.8%	$714,515,463	13
Healthcare	24.6%	$631,741,303	13
Industrials	12.9%	$332,278,646	10
Technology	8.9%	$228,774,385	11
Energy	6.2%	$159,654,021	2
Communication Services	6.1%	$157,469,812	4
Consumer Cyclical	5.1%	$131,933,355	7
Basic Materials	4.0%	$102,648,134	3
Consumer Defensive	2.4%	$62,453,883	1
Unclassified	2.0%	$50,330,804	1
Real Estate	0.0%	$135,529	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
AMZN	Amazon Com Inc	+466,820	484,291	$115,425,916
NVDA	Nvidia Corp	+182,533	206,500	$41,318,585
SYK	Stryker Corp	+179,071	184,576	$58,111,907
UHAL	U-Haul Holding Co /NV/	+90,076	412,078	$26,966,384
UNH	Unitedhealth Group Inc	+15,152	189,754	$78,867,455
SLB	Slb Limited/Nv	+7,980	103,789	$4,825,150
MELI	Mercadolibre Inc	+5,080	5,533	$9,391,658
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HLN	Haleon plc	−665,499	485,251	$4,527,391
OXY	Occidental Petroleum Corp /De/	−396,117	3,187,747	$154,828,871
NVS	Novartis AG	−278,414	310,818	$48,711,396
BN	BROOKFIELD Corp /ON/	−165,564	2,591,096	$110,354,778
OTIS	Otis Worldwide Corp	−158,574	1,007,995	$72,172,442
MRSH	Marsh & Mclennan Companies, Inc.	−104,948	344,395	$57,400,314
ZTS	Zoetis Inc.	−103,743	733,571	$52,714,412
FNV	FRANCO NEVADA Corp	−84,666	472,469	$98,481,438
DIS	Walt Disney Co	−81,427	591,045	$56,888,081
MCK	Mckesson Corp	−70,951	150,631	$113,816,783
CNC	Centene Corp	−68,484	1,650,542	$105,948,290
HSY	Hershey Co	−62,152	355,964	$62,453,883
UNP	Union Pacific Corp	−57,763	542,136	$147,460,992
BRK-B	Berkshire Hathaway Inc	−52,929	178,328	$89,233,547
CNI	Canadian National Railway Co	−36,833	77,884	$9,286,888
CME	Cme Group Inc.	−36,088	289,373	$63,902,239
META	Meta Platforms, Inc.	−32,926	170,441	$96,007,710
ADBE	Adobe Inc.	−30,684	295,118	$60,505,092
CB	Chubb Ltd	−30,305	240,324	$81,887,999
V	Visa Inc.	−29,873	335,988	$115,274,122
MSFT	Microsoft Corp	−29,629	313,848	$117,071,580
AON	Aon plc	−28,315	226,626	$75,169,577
TMO	Thermo Fisher Scientific Inc.	−19,625	112,770	$56,538,367
CP	Canadian Pacific Kansas City Ltd/Cn	−17,790	40,452	$3,505,165
SPY	Spdr S&P 500 ETF Trust	−16,892	67,398	$50,330,804
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
AOS	Smith A O Corp	374,792	$23,506,954
MCD	Mcdonalds Corp	13,863	$3,747,307
LIN	Linde PLC	6,379	$3,310,318
ASML	Asml Holding NV	1,573	$3,129,388
SCHW	Schwab Charles Corp	8,859	$817,419
PSLV	Sprott Physical Silver Trust	25,000	$471,750
CARG	CarGurus, Inc.	11,868	$404,580
EWBC	East West Bancorp Inc	1,776	$229,263
PDM	Piedmont Realty Trust, Inc.	14,812	$135,529
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
AWK	American Water Works Company, Inc.	35,846	$4,878,282
INTU	Intuit Inc.	3,286	$1,420,800
XOM	ExxonMobil Holdings Corp	6,443	$1,093,119
FISV	Fiserv Inc	9,995	$557,721
QNCX	Quince Therapeutics, Inc.	19,461	$1,965
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

66 tracked positions · $2,571,935,335 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 66 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
OXY	Occidental Petroleum Corp /De/ Energy	Reduced	3,187,747	-396,117	$154,828,871	−33.5%	6.02%
UNP	Union Pacific Corp Industrials	Reduced	542,136	-57,763	$147,460,992	+1.3%	5.73%
MKL	Markel Group Inc. Financial Services	Reduced	60,564	-578	$118,282,097	+1.1%	4.60%
MSFT	Microsoft Corp Technology	Reduced	313,848	-29,629	$117,071,580	−7.9%	4.55%
AMZN	Amazon Com Inc Consumer Cyclical	Added	484,291	+466,820	$115,425,916	+3072.2%	4.49%
V	Visa Inc. Financial Services	Reduced	335,988	-29,873	$115,274,122	+4.2%	4.48%
MCK	Mckesson Corp Healthcare	Reduced	150,631	-70,951	$113,816,783	−40.6%	4.43%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	2,591,096	-165,564	$110,354,778	−1.1%	4.29%
CNC	Centene Corp Healthcare	Reduced	1,650,542	-68,484	$105,948,290	+88.2%	4.12%
A	Agilent Technologies, Inc. Healthcare	Reduced	754,161	-5,641	$100,175,205	+15.7%	3.89%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	472,469	-84,666	$98,481,438	−28.5%	3.83%
META	Meta Platforms, Inc. Communication Services	Reduced	170,441	-32,926	$96,007,710	−17.5%	3.73%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	178,328	-52,929	$89,233,547	−19.5%	3.47%
CB	Chubb Ltd Financial Services	Reduced	240,324	-30,305	$81,887,999	−7.2%	3.18%
UNH	Unitedhealth Group Inc Healthcare	Added	189,754	+15,152	$78,867,455	+66.9%	3.07%
AON	Aon plc Financial Services	Reduced	226,626	-28,315	$75,169,577	−8.7%	2.92%
OTIS	Otis Worldwide Corp Industrials	Reduced	1,007,995	-158,574	$72,172,442	−19.7%	2.81%
CME	Cme Group Inc. Financial Services	Reduced	289,373	-36,088	$63,902,239	−33.5%	2.48%
HSY	Hershey Co Consumer Defensive	Reduced	355,964	-62,152	$62,453,883	−28.1%	2.43%
ADBE	Adobe Inc. Technology	Reduced	295,118	-30,684	$60,505,092	−23.6%	2.35%
SYK	Stryker Corp Healthcare	Added	184,576	+179,071	$58,111,907	+3112.6%	2.26%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	344,395	-104,948	$57,400,314	−26.4%	2.23%
DIS	Walt Disney Co Communication Services	Reduced	591,045	-81,427	$56,888,081	−12.2%	2.21%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	112,770	-19,625	$56,538,367	−13.1%	2.20%
ZTS	Zoetis Inc. Healthcare	Reduced	733,571	-103,743	$52,714,412	−46.7%	2.05%
SPY	Spdr S&P 500 ETF Trust	Reduced	67,398	-16,892	$50,330,804	−8.2%	1.96%
NVS	Novartis AG Healthcare	Reduced	310,818	-278,414	$48,711,396	−45.9%	1.89%
LMT	Lockheed Martin Corp Industrials	Reduced	87,401	-8,672	$44,527,313	−23.3%	1.73%
NVDA	Nvidia Corp Technology	Added	206,500	+182,533	$41,318,585	+888.5%	1.61%
UHAL	U-Haul Holding Co /NV/ Industrials	Added	412,078	+90,076	$26,966,384	+75.3%	1.05%
AOS	Smith A O Corp Industrials	NEW	374,792	NEW	$23,506,954	NEW	0.91%
CVS	CVS HEALTH Corp Healthcare	Reduced	93,867	-2,302	$9,710,541	+40.6%	0.38%
MELI	Mercadolibre Inc Consumer Cyclical	Added	5,533	+5,080	$9,391,658	+1099.1%	0.37%
CNI	Canadian National Railway Co Industrials	Reduced	77,884	-36,833	$9,286,888	−21.2%	0.36%
SLB	Slb Limited/Nv Energy	Added	103,789	+7,980	$4,825,150	−2.0%	0.19%
HLN	Haleon plc Healthcare	Reduced	485,251	-665,499	$4,527,391	−60.7%	0.18%
MCD	Mcdonalds Corp Consumer Cyclical	NEW	13,863	NEW	$3,747,307	NEW	0.15%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	40,452	-17,790	$3,505,165	−23.5%	0.14%
LIN	Linde PLC Basic Materials	NEW	6,379	NEW	$3,310,318	NEW	0.13%
ASML	Asml Holding NV Technology	NEW	1,573	NEW	$3,129,388	NEW	0.12%
GOOGL	Alphabet Inc. Communication Services	Reduced	7,551	-980	$2,698,500	+10.0%	0.10%
AAPL	Apple Inc. Technology	Reduced	8,870	-968	$2,566,623	+2.8%	0.10%
DCI	DONALDSON Co INC Industrials	Reduced	25,353	-1,414	$2,275,938	+0.2%	0.09%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	11,295	-13,864	$2,013,220	−98.1%	0.08%
CMCSA	Comcast Corp Communication Services	Reduced	76,396	-3,988	$1,875,521	−18.7%	0.07%
GWW	W.W. Grainger, Inc. Industrials	Reduced	1,260	-196	$1,714,104	+7.9%	0.07%
ORCL	Oracle Corp Technology	Reduced	9,921	-1,017	$1,453,922	−9.6%	0.06%
LLY	ELI LILLY & Co Healthcare	Reduced	1,086	-253	$1,302,581	+5.8%	0.05%
AVGO	Broadcom Inc. Technology	Reduced	3,381	-479	$1,277,172	+6.9%	0.05%
MA	Mastercard Inc Financial Services	Reduced	2,190	-1,105	$1,124,784	−31.7%	0.04%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.