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Asset Manager ← All Institutions

SCHARF INVESTMENTS, LLC

16450 LOS GATOS BLVD SUITE 207, LOS GATOS, CA 95032 • 831-429-6513

Q3 2025 · Filed 2025-11-13
Market Value
$4.0B
+14.4%
Holdings
80
+7
New Purchases
15
Added To
9
Closed
12
Reduced
40
Top 10 Concentration
48.5%
Turnover
33.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KAT 7.22% 0.00% +7.22% $287M
GKAT 2.50% 0.00% +2.50% $99M
CB 2.13% 0.00% +2.13% $85M
OTIS 1.84% 0.00% +1.84% $73M
TMO 1.84% 0.00% +1.84% $73M
A 1.84% 0.00% +1.84% $73M
ZTS 1.82% 0.00% +1.82% $72M
UNP 3.98% 2.19% +1.79% $158M
FNV 3.36% 2.26% +1.09% $133M
UHAL-B 1.16% 0.26% +0.90% $46M
IFF 0.77% 0.00% +0.77% $31M
DCI 1.59% 1.52% +0.07% $63M
HLN 0.21% 0.15% +0.06% $8M
SONY 0.13% 0.08% +0.05% $5M
VWO 0.05% 0.00% +0.05% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APD 0.04% 4.12% -4.08% $2M
FI 3.67% 5.74% -2.07% $146M
BIL 0.13% 2.01% -1.88% $5M
BRK-B 4.47% 6.11% -1.64% $177M
UHAL 0.79% 2.35% -1.57% $31M
MKL 3.63% 5.06% -1.44% $144M
CNC 1.89% 3.15% -1.26% $75M
V 3.82% 4.86% -1.04% $152M
MCK 6.32% 7.35% -1.04% $251M
ORCL 4.57% 5.56% -1.00% $181M
MSFT 5.56% 6.38% -0.81% $221M
CMCSA 1.96% 2.72% -0.76% $78M
CME 2.87% 3.50% -0.62% $114M
BKNG 2.00% 2.62% -0.62% $79M
ADBE 2.05% 2.64% -0.59% $81M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 39.3%
Healthcare 20.3%
Industrials 11.3%
Energy 7.4%
Technology 6.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 16 $944M 23.8%
Large Cap 45 $2.5B 62.9%
Mid Cap 13 $143M 3.6%
Small Cap 4 $287M 7.2%
Micro Cap 2 $99M 2.5%

Portfolio Analytics

Avg Market Cap
$443.4B
Median Market Cap
$66.9B
Avg P/E
28.7
Median P/E
22.8
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
72
# ETFs / Funds
8

Top Holdings (80 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KAT 7.22% 5,097,717 $287M $56.27 +5,097,717 NEW
2 MCK 6.32% 324,733 $251M $772.57 -$4M -23,696 -6.8%
3 MSFT 5.56% 426,605 $221M $517.97 -$366K -18,352 -4.1%
4 ORCL 4.57% 644,647 $181M $281.24 -$12M -238,625 -27.0%
5 BN 4.54% 2,629,310 $180M $68.58 $6M -193,843 -6.9%
6 BRK-B 4.47% 352,896 $177M $502.76 -$35M -83,826 -19.2%
7 OXY 4.09% 3,439,635 $163M $47.25 $16M -41,255 -1.2%
8 UNP 3.98% 668,092 $158M $236.37 $82M +338,280 +102.6%
9 NVS 3.91% 1,210,948 $155M $128.24 $3M -51,496 -4.1%
10 V 3.82% 443,873 $152M $341.39 -$17M -30,955 -6.5%
11 FI 3.67% 1,131,009 $146M $128.93 -$53M -24,957 -2.2%
12 MKL 3.63% 75,346 $144M $1,911.76 -$32M -12,634 -14.4%
13 FNV 3.36% 597,744 $133M $222.92 $55M +118,811 +24.8%
14 CME 2.87% 422,070 $114M $270.20 -$7M -18,159 -4.1%
15 HSY 2.52% 534,020 $100M $187.06 $9M -11,838 -2.2%
16 GKAT 2.50% 2,488,761 $99M $39.88 +2,488,761 NEW
17 DIS 2.43% 843,866 $97M $114.50 -$8M +3,599 +0.4%
18 LMT 2.29% 181,834 $91M $499.25 $781K -12,475 -6.4%
19 CB 2.13% 299,482 $85M $282.26 +299,482 NEW
20 ADBE 2.05% 230,925 $81M $352.77 -$10M -6,030 -2.5%
21 BKNG 2.00% 14,684 $79M $5,405.04 -$12M -1,002 -6.4%
22 AON 1.98% 220,088 $78M $356.61 -$3M -9,366 -4.1%
23 CMCSA 1.96% 2,476,072 $78M $31.42 -$16M -165,776 -6.3%
24 CNC 1.89% 2,103,199 $75M $35.68 -$34M +89,419 +4.4%
25 SNN 1.85% 2,029,051 $74M $36.29 $10M -54,462 -2.6%
26 OTIS 1.84% 800,601 $73M $91.43 +800,601 NEW
27 TMO 1.84% 150,346 $73M $485.07 +150,346 NEW
28 A 1.84% 567,816 $73M $128.35 +567,816 NEW
29 ZTS 1.82% 494,216 $72M $146.32 +494,216 NEW
30 DCI 1.59% 772,172 $63M $81.85 $10M +12,093 +1.6%
31 UHAL-B 1.16% 902,234 $46M $50.90 $37M +753,977 +508.6%
32 UHAL 0.79% 548,115 $31M $57.07 -$50M -901,181 -62.2%
33 IFF 0.77% 499,419 $31M $61.54 +499,419 NEW
34 SPY 0.40% 23,875 $16M $666.33 -$7M -13,079 -35.4%
35 UNH 0.31% 35,850 $12M $345.30 $3M +6,385 +21.7%
36 HLN 0.21% 933,328 $8M $8.97 $3M +441,878 +89.9%
37 CVS 0.19% 101,390 $8M $75.39 -$1M -24,495 -19.5%
38 NVDA 0.18% 37,773 $7M $186.58 -$166K -7,884 -17.3%
39 GOOG 0.13% 21,527 $5M $243.55 $1M -276 -1.3%
40 SONY 0.13% 181,601 $5M $28.79 $3M +78,326 +75.8%
41 BIL 0.13% 55,449 $5M $91.77 -$65M -704,775 -92.7%
42 INTU 0.10% 5,906 $4M $682.90 -$684K -83 -1.4%
43 AAPL 0.09% 13,414 $3M $254.63 $611K -254 -1.9%
44 GOOGL 0.08% 13,522 $3M $243.11 $871K -191 -1.4%
45 SYK 0.08% 8,622 $3M $369.66 -$255K -78 -0.9%
46 MA 0.07% 5,218 $3M $568.88 $5K -55 -1.0%
47 META 0.07% 3,653 $3M $734.38 -$27K -18 -0.5%
48 CRM 0.06% 10,832 $3M $237.00 -$464K -284 -2.5%
49 GWW 0.05% 2,251 $2M $953.13 -$232K -34 -1.5%
50 ADP 0.05% 7,165 $2M $293.52 -$138K -101 -1.4%
51 VWO 0.05% 38,131 $2M $54.18 +38,131 NEW
52 LLY 0.05% 2,444 $2M $763.01 -$69K -37 -1.5%
53 APD 0.04% 5,913 $2M $272.72 -$141M -500,687 -98.8%
54 BRK-A 0.04% 2 $2M $754,200.00 $51K
55 ETN 0.03% 3,547 $1M $374.26 $44K -49 -1.4%
56 AVGO 0.03% 3,977 $1M $329.91 +3,977 NEW
57 UBER 0.03% 13,035 $1M $97.97 +13,035 NEW
58 BMA 0.02% 19,965 $844K $42.29 +19,965 NEW
59 GGAL 0.02% 27,686 $763K $27.56 +27,686 NEW
60 SLB 0.02% 21,384 $735K $34.37 -$19M -562,249 -96.3%
61 IMNM 0.01% 44,389 $520K $11.71 $107K
62 DIA 0.01% 1,095 $508K $463.74 $25K
63 SHY 0.01% 5,423 $450K $82.96 +5,423 NEW
64 CARG 0.01% 11,868 $442K $37.23 $5K -1,181 -9.1%
65 MLKN 0.01% 18,914 $336K $17.74 -$135K -5,292 -21.9%
66 KRC 0.01% 4,963 $210K $42.25 +4,963 NEW
67 CRTX —% 91,061 $148K $1.63 -$2K
68 PDM —% 14,812 $133K $9.00 -$19K -6,091 -29.1%
69 EWBC —% -$225K -2,230 -100.0% SOLD
70 POR —% -$4M -101,508 -100.0% SOLD
71 AWI —% -$242K -1,489 -100.0% SOLD
72 FHN —% -$269K -12,708 -100.0% SOLD
73 DGX —% -$254K -1,413 -100.0% SOLD
74 ACN —% -$3M -9,120 -100.0% SOLD
75 VVV —% -$1M -31,613 -100.0% SOLD
76 MMI —% -$270K -8,777 -100.0% SOLD
77 SFM —% -$235K -1,426 -100.0% SOLD
78 PGR —% -$927K -3,475 -100.0% SOLD
79 IWB —% -$641K -1,886 -100.0% SOLD
80 HQY —% -$278K -2,652 -100.0% SOLD

New Positions

SymbolValue% Port
KAT $287M 7.22%
GKAT $99M 2.50%
CB $85M 2.13%
OTIS $73M 1.84%
TMO $73M 1.84%
A $73M 1.84%
ZTS $72M 1.82%
IFF $31M 0.77%
VWO $2M 0.05%
AVGO $1M 0.03%
UBER $1M 0.03%
BMA $844K 0.02%
GGAL $763K 0.02%
SHY $450K 0.01%
KRC $210K 0.01%

Sold Out Positions

SymbolValue% Port
ACN —%
MMI —%
POR —%
AWI —%
VVV —%
FHN —%
PGR —%
HQY —%
EWBC —%
SFM —%
IWB —%
DGX —%
View SEC EDGAR Filings for SCHARF INVESTMENTS, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms