Scharf Investments, LLC

CIK

1463746

Location

LOS GATOS, CA

Portfolio Value

Micro $86,922,135

Diversification

Diversified

Filing Date

Global Rank

#786 / 8,232 ▼ 31

Top Industry

Oil & Gas E&P 8.4%

3Y Alpha vs SPY

-13.1%

Period ended 2 months ago

Filed Apr 13, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+25.0%

SPY

+76.3%

Annualised alpha

-13.1%

Max drawdown

−12.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

62 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.2%

+1.6 pts

Top 5

29.5%

+3.2 pts

Top 10

49.5%

+1.9 pts

HHI

401

Diversified+36

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	28.2%	$797,515,171	10
Healthcare	23.3%	$658,936,663	14
Industrials	11.7%	$329,969,015	9
Energy	8.4%	$238,967,903	3
Technology	7.8%	$219,816,636	11
Communication Services	6.6%	$185,926,210	4
Basic Materials	4.9%	$138,567,735	2
Consumer Cyclical	4.0%	$112,338,639	5
Consumer Defensive	3.1%	$86,922,135	1
Unclassified	2.0%	$55,374,879	2
Utilities	0.2%	$4,878,282	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

13 positions

Ticker	Company	Δ Shares	Shares	Value
OXY	Occidental Petroleum Corp /De/	+644,140	3,583,864	$232,951,160
A	Agilent Technologies, Inc.	+228,579	759,802	$86,602,231
ADBE	Adobe Inc.	+102,891	325,802	$79,195,950
MRSH	Marsh & Mclennan Companies, Inc.	+91,579	449,343	$77,938,543
SLB	Slb Limited/Nv	+75,514	95,809	$4,923,624
HLN	Haleon plc	+55,016	1,150,750	$11,519,007
META	Meta Platforms, Inc.	+50,427	203,367	$116,352,361
AON	Aon plc	+46,830	254,941	$82,289,855
CNI	Canadian National Railway Co	+30,927	114,717	$11,789,466
OTIS	Otis Worldwide Corp	+21,529	1,166,569	$89,919,138
ZTS	Zoetis Inc.	+18,439	837,314	$98,978,887
SPY	Spdr S&P 500 ETF Trust	+14,006	84,290	$54,817,158
CP	Canadian Pacific Kansas City Ltd/Cn	+138	58,242	$4,581,315
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SNN	Smith & Nephew PLC	−1,675,012	17,637	$560,503
BN	BROOKFIELD Corp /ON/	−759,145	2,756,660	$111,562,030
ORCL	Oracle Corp	−500,656	10,938	$1,609,089
CNC	Centene Corp	−404,219	1,719,026	$56,280,911
NVS	Novartis AG	−373,668	589,232	$90,005,188
DCI	DONALDSON Co INC	−246,803	26,767	$2,271,715
FNV	FRANCO NEVADA Corp	−135,074	557,135	$137,640,201
DIS	Walt Disney Co	−130,042	672,472	$64,812,851
UHAL	U-Haul Holding Co /NV/	−109,248	322,002	$15,385,255
HSY	Hershey Co	−77,660	418,116	$86,922,135
BRK-B	Berkshire Hathaway Inc	−77,271	231,257	$110,818,354
QNCX	Quince Therapeutics, Inc.	−71,600	19,461	$1,965
CME	Cme Group Inc.	−65,554	325,461	$96,124,906
LMT	Lockheed Martin Corp	−59,105	96,073	$58,065,560
UNP	Union Pacific Corp	−56,097	599,899	$145,547,495
MCK	Mckesson Corp	−44,149	221,582	$191,748,199
CB	Chubb Ltd	−43,007	270,629	$88,206,109
V	Visa Inc.	−37,712	365,861	$110,577,828
MSFT	Microsoft Corp	−34,619	343,477	$127,144,881
NVDA	Nvidia Corp	−9,918	23,967	$4,179,844
MKL	Markel Group Inc.	−8,061	61,142	$117,030,061
TMO	Thermo Fisher Scientific Inc.	−7,609	132,395	$65,076,114
CVS	CVS HEALTH Corp	−7,328	96,169	$6,906,857
CMCSA	Comcast Corp	−5,463	80,384	$2,307,824
UNH	Unitedhealth Group Inc	−4,370	174,602	$47,245,555
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
AWK	American Water Works Company, Inc.	35,846	$4,878,282
AMZN	Amazon Com Inc	17,471	$3,638,685
SPGI	S&P Global Inc.	3,106	$1,321,106
ABNB	Airbnb, Inc.	9,742	$1,230,219
XOM	Exxon Mobil Corp	6,443	$1,093,119
NOW	ServiceNow, Inc.	7,842	$819,881
MELI	Mercadolibre Inc	453	$783,246
TJX	Tjx Companies Inc /De/	4,753	$759,054
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
CRM	Salesforce, Inc.	8,040	$2,129,876
IFF	International Flavors & Fragrances Inc	10,669	$718,983
CARG	CarGurus, Inc.	11,868	$455,137
MLKN	Millerknoll, Inc.	12,848	$234,861
PDM	Piedmont Realty Trust, Inc.	14,812	$123,532
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $86,922,135 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
HSY	Hershey Co Consumer Defensive	Reduced	418,116	-77,660	$86,922,135	−3.7%	100.00%