SCHARF INVESTMENTS, LLC

hedge fundUpdated 59 days ago

Managed by Scharf Investments, Llc • Latest filing Q2 2026

Portfolio value

$3B

Q2 2026

Filings

13

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

-3.2%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 13 quarters

Show data table

Period	Portfolio value
Q2 2023	$3.3B
Q3 2023	$3.3B
Q4 2023	$3.6B
Q1 2024	$3.7B
Q2 2024	$3.5B
Q3 2024	$3.6B
Q4 2024	$3.4B
Q1 2025	$3.3B
Q2 2025	$3.5B
Q3 2025	$4B
Q4 2025	$3.7B
Q1 2026	$3.2B
Q2 2026	$3B

Top holdings

79 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	? N/A ADVISORS SER TR	$238.9M	4.42M	7.89%	Trimmed(-3.1%)
2	O OXY-WT OCCIDENTAL PETE CORP	$154.8M	3.19M	5.11%	Trimmed(-11.1%)
3	U UNP UNION PAC CORP	$147.5M	542.1K	4.87%	Trimmed(-9.6%)
4	? N/A ADVISORS SER TR	$131.1M	3.04M	4.33%	Added(+7.4%)
5	M MKL MARKEL GROUP INC	$118.3M	60.6K	3.91%	Trimmed(-0.9%)
6	M MSFT MICROSOFT CORP	$117.1M	313.8K	3.87%	Trimmed(-8.6%)
7	A AMZN AMAZON COM INC	$115.4M	484.3K	3.81%	Added(+2672.0%)
8	V V VISA INC	$115.3M	336.0K	3.81%	Trimmed(-8.2%)
9	M MCK MCKESSON CORP	$113.8M	150.6K	3.76%	Trimmed(-32.0%)
10	B BXDIF BROOKFIELD CORP	$110.4M	2.59M	3.65%	Trimmed(-6.0%)
11	C CNC CENTENE CORP DEL	$105.9M	1.65M	3.50%	Trimmed(-4.0%)
12	A A AGILENT TECHNOLOGIES INC	$100.2M	754.2K	3.31%	Trimmed(-0.7%)
13	F FNV FRANCO NEV CORP	$98.5M	472.5K	3.25%	Trimmed(-15.2%)
14	M META META PLATFORMS INC	$96M	170.4K	3.17%	Trimmed(-16.2%)
15	B BRK-A BERKSHIRE HATHAWAY INC DEL	$89.2M	178.3K	2.95%	Trimmed(-22.9%)
16	C CB CHUBB LIMITED	$81.9M	240.3K	2.71%	Trimmed(-11.2%)
17	U UNH UNITEDHEALTH GROUP INC	$78.9M	189.8K	2.61%	Added(+8.7%)
18	A AON AON PLC	$75.2M	226.6K	2.48%	Trimmed(-11.1%)
19	O OTIS OTIS WORLDWIDE CORP	$72.2M	1.01M	2.38%	Trimmed(-13.6%)
20	C CME CME GROUP INC	$63.9M	289.4K	2.11%	Trimmed(-11.1%)

?

1.N/A

ADVISORS SER TR

-3.1%

Value

$238.9M

Shares

4.42M

% Port

7.89%

O

OCCIDENTAL PETE CORP

-11.1%

Value

$154.8M

Shares

3.19M

% Port

5.11%

U

UNION PAC CORP

-9.6%

Value

$147.5M

Shares

542.1K

% Port

4.87%

?

4.N/A

ADVISORS SER TR

+7.4%

Value

$131.1M

Shares

3.04M

% Port

4.33%

M

MARKEL GROUP INC

-0.9%

Value

$118.3M

Shares

60.6K

% Port

3.91%

M

MICROSOFT CORP

-8.6%

Value

$117.1M

Shares

313.8K

% Port

3.87%

A

AMAZON COM INC

+2672.0%

Value

$115.4M

Shares

484.3K

% Port

3.81%

V

8.V

VISA INC

-8.2%

Value

$115.3M

Shares

336.0K

% Port

3.81%

M

MCKESSON CORP

-32.0%

Value

$113.8M

Shares

150.6K

% Port

3.76%

B

BROOKFIELD CORP

-6.0%

Value

$110.4M

Shares

2.59M

% Port

3.65%

C

11.CNC

CENTENE CORP DEL

-4.0%

Value

$105.9M

Shares

1.65M

% Port

3.50%

A

12.A

AGILENT TECHNOLOGIES INC

-0.7%

Value

$100.2M

Shares

754.2K

% Port

3.31%

F

13.FNV

FRANCO NEV CORP

-15.2%

Value

$98.5M

Shares

472.5K

% Port

3.25%

M

META PLATFORMS INC

-16.2%

Value

$96M

Shares

170.4K

% Port

3.17%

B

BERKSHIRE HATHAWAY INC DEL

-22.9%

Value

$89.2M

Shares

178.3K

% Port

2.95%

C

16.CB

CHUBB LIMITED

-11.2%

Value

$81.9M

Shares

240.3K

% Port

2.71%

U

17.UNH

UNITEDHEALTH GROUP INC

+8.7%

Value

$78.9M

Shares

189.8K

% Port

2.61%

A

18.AON

AON PLC

-11.1%

Value

$75.2M

Shares

226.6K

% Port

2.48%

O

OTIS WORLDWIDE CORP

-13.6%

Value

$72.2M

Shares

1.01M

% Port

2.38%

C

20.CME

CME GROUP INC

-11.1%

Value

$63.9M

Shares

289.4K

% Port

2.11%

View full portfolio (79 holdings) →

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