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Asset Manager ← All Institutions

SCHARF INVESTMENTS, LLC

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

Q1 2026 · Filed 2026-04-13
Market Value
$3.2B
-12.9%
Holdings
79
+3
New Purchases
8
Added To
16
Closed
10
Reduced
44
Top 10 Concentration
47.5%
Turnover
22.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
OXY 7.19% 3.25% +3.94% $233M
BIL 1.83% 0.01% +1.83% $59M
META 3.59% 2.72% +0.88% $116M
A 2.67% 1.94% +0.73% $87M
GKAT 3.56% 2.93% +0.64% $115M
MMC 2.41% 1.79% +0.62% $78M
KAT 7.54% 6.95% +0.59% $244M
AON 2.54% 1.98% +0.56% $82M
UNP 4.49% 4.08% +0.41% $146M
SPY 1.69% 1.29% +0.40% $55M
FNV 4.25% 3.86% +0.39% $138M
ADBE 2.44% 2.10% +0.35% $79M
ZTS 3.05% 2.77% +0.28% $99M
HSY 2.68% 2.43% +0.26% $87M
UHAL-B 1.23% 1.03% +0.19% $40M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORCL 0.05% 2.68% -2.63% $2M
BKNG 1.77% 3.73% -1.95% $57M
SNN 0.02% 1.49% -1.48% $560K
MSFT 3.92% 4.92% -0.99% $127M
BN 3.44% 4.34% -0.90% $112M
NVS 2.78% 3.57% -0.79% $90M
BRK-B 3.42% 4.17% -0.75% $111M
CNC 1.74% 2.35% -0.61% $56M
DCI 0.07% 0.65% -0.58% $2M
DIS 2.00% 2.46% -0.46% $65M
V 3.41% 3.81% -0.39% $111M
MKL 3.61% 4.00% -0.39% $117M
LMT 1.79% 2.02% -0.23% $58M
TMO 2.01% 2.18% -0.17% $65M
UNH 1.46% 1.59% -0.13% $47M

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 19 $679M 21.0%
Large Cap 49 $2.1B 66.1%
Mid Cap 5 $58M 1.8%
Small Cap 3 $244M 7.5%
Micro Cap 3 $115M 3.6%

Portfolio Analytics

Avg Market Cap
$521.0B
Median Market Cap
$90.1B
Avg P/E
30.8
Median P/E
25.6
Avg Dividend Yield
0.01%
Avg Beta
0.93
# Stocks
68
# ETFs / Funds
11

Top Holdings (79 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KAT 7.54% 4,559,282 $244M $53.59 -$14M -141,768 -3.0%
2 OXY 7.19% 3,583,864 $233M $65.00 $112M +644,140 +21.9%
3 MCK 5.92% 221,582 $192M $865.41 -$26M -44,149 -16.6%
4 UNP 4.49% 599,899 $146M $242.62 -$6M -56,097 -8.6%
5 FNV 4.25% 557,135 $138M $247.06 -$6M -135,074 -19.5%
6 MSFT 3.92% 343,477 $127M $370.18 -$56M -34,619 -9.2%
7 MKL 3.61% 61,142 $117M $1,914.46 -$32M -8,061 -11.7%
8 META 3.59% 203,367 $116M $572.17 $15M +50,427 +33.0%
9 GKAT 3.56% 2,826,340 $115M $40.86 $7M +166,909 +6.3%
10 BN 3.44% 2,756,660 $112M $40.47 -$50M -759,145 -21.6%
11 BRK-B 3.42% 231,257 $111M $479.22 -$44M -77,271 -25.1%
12 V 3.41% 365,861 $111M $302.25 -$31M -37,712 -9.3%
13 ZTS 3.05% 837,314 $99M $118.21 -$4M +18,439 +2.2%
14 CME 2.97% 325,461 $96M $295.36 -$11M -65,554 -16.8%
15 NVS 2.78% 589,232 $90M $152.75 -$43M -373,668 -38.8%
16 OTIS 2.78% 1,166,569 $90M $77.08 -$10M +21,529 +1.9%
17 CB 2.72% 270,629 $88M $325.94 -$10M -43,007 -13.7%
18 HSY 2.68% 418,116 $87M $207.90 -$3M -77,660 -15.7%
19 A 2.67% 759,802 $87M $113.98 $14M +228,579 +43.0%
20 AON 2.54% 254,941 $82M $322.80 $9M +46,830 +22.5%
21 ADBE 2.44% 325,802 $79M $243.09 $1M +102,891 +46.2%
22 MMC 2.41% 449,343 $78M $173.45 $12M +91,579 +25.6%
23 TMO 2.01% 132,395 $65M $491.58 -$16M -7,609 -5.4%
24 DIS 2.00% 672,472 $65M $96.38 -$26M -130,042 -16.2%
25 BIL 1.83% 648,714 $59M $91.64 $59M +646,518 +29440.7%
26 LMT 1.79% 96,073 $58M $604.47 -$17M -59,105 -38.1%
27 BKNG 1.77% 25,159 $57M $2,280.76 -$81M -690 -2.7%
28 CNC 1.74% 1,719,026 $56M $32.74 -$31M -404,219 -19.0%
29 SPY 1.69% 84,290 $55M $650.39 $7M +14,006 +19.9%
30 UNH 1.46% 174,602 $47M $270.61 -$12M -4,370 -2.4%
31 UHAL-B 1.23% 888,941 $40M $44.67 $1M +66,978 +8.2%
32 UHAL 0.47% 322,002 $15M $47.78 -$6M -109,248 -25.3%
33 CNI 0.36% 114,717 $12M $102.77 $4M +30,927 +36.9%
34 HLN 0.36% 1,150,750 $12M $10.01 $441K +55,016 +5.0%
35 CVS 0.21% 96,169 $7M $71.82 -$1M -7,328 -7.1%
36 SLB 0.15% 95,809 $5M $51.39 $4M +75,514 +372.1%
37 AWK 0.15% 35,846 $5M $136.09 +35,846 NEW
38 NVDA 0.13% 23,967 $4M $174.40 -$2M -9,918 -29.3%
39 AMZN 0.11% 17,471 $4M $208.27 +17,471 NEW
40 GOOG 0.09% 9,854 $3M $286.86 -$1M -3,593 -26.7%
41 AAPL 0.08% 9,838 $2M $253.78 -$830K -2,399 -19.6%
42 GOOGL 0.08% 8,531 $2M $287.55 -$1M -3,504 -29.1%
43 CMCSA 0.07% 80,384 $2M $28.71 -$258K -5,463 -6.4%
44 DCI 0.07% 26,767 $2M $84.87 -$22M -246,803 -90.2%
45 SYK 0.06% 5,505 $2M $328.58 -$933K -2,296 -29.4%
46 MA 0.05% 3,295 $2M $499.76 -$1M -1,432 -30.3%
47 ORCL 0.05% 10,938 $2M $147.10 -$98M -500,656 -97.9%
48 GWW 0.05% 1,456 $2M $1,091.09 -$360K -475 -24.6%
49 IWB 0.05% 4,295 $2M $356.62 -$2M -4,018 -48.3%
50 INTU 0.04% 3,286 $1M $432.36 -$2M -1,846 -36.0%
51 SPGI 0.04% 3,106 $1M $425.34 +3,106 NEW
52 LLY 0.04% 1,339 $1M $919.77 -$986K -724 -35.1%
53 ABNB 0.04% 9,742 $1M $126.28 +9,742 NEW
54 AVGO 0.04% 3,860 $1M $309.51 -$1M -2,906 -43.0%
55 XOM 0.03% 6,443 $1M $169.66 +6,443 NEW
56 IMNM 0.03% 44,389 $971K $21.87 $17K
57 APD 0.03% 3,193 $928K $290.49 -$201K -1,376 -30.1%
58 ETN 0.03% 2,295 $821K $357.67 -$184K -861 -27.3%
59 NOW 0.03% 7,842 $820K $104.55 +7,842 NEW
60 MELI 0.02% 453 $783K $1,729.02 +453 NEW
61 TJX 0.02% 4,753 $759K $159.70 +4,753 NEW
62 ADP 0.02% 3,484 $708K $203.19 -$899K -2,764 -44.2%
63 APH 0.02% 4,879 $616K $126.35 -$334K -2,155 -30.6%
64 SNN 0.02% 17,637 $560K $31.78 -$55M -1,675,012 -99.0%
65 FI 0.02% 9,995 $558K $55.80 -$386K -4,049 -28.8%
66 SHY 0.02% 6,081 $502K $82.57 -$74 +18 +0.3%
67 UBER 0.01% 5,983 $430K $71.93 -$361K -3,702 -38.2%
68 VV 0.01% 680 $203K $298.86 -$353K -1,088 -61.5%
69 CRTX —% 19,461 $2K $0.10 -$303K -71,600 -78.6%
70 VOO —% -$829K -1,322 -100.0% SOLD
71 SEMG —% -$405K -14,770 -100.0% SOLD
72 CARG —% -$455K -11,868 -100.0% SOLD
73 RSP —% -$832K -4,342 -100.0% SOLD
74 MLKN —% -$235K -12,848 -100.0% SOLD
75 IFF —% -$719K -10,669 -100.0% SOLD
76 VWO —% -$2M -38,131 -100.0% SOLD
77 BRK-A —% -$2M -2 -100.0% SOLD
78 CRM —% -$2M -8,040 -100.0% SOLD
79 PDM —% -$124K -14,812 -100.0% SOLD

New Positions

SymbolValue% Port
AWK $5M 0.15%
AMZN $4M 0.11%
SPGI $1M 0.04%
ABNB $1M 0.04%
XOM $1M 0.03%
NOW $820K 0.03%
MELI $783K 0.02%
TJX $759K 0.02%

Sold Out Positions

SymbolValue% Port
BRK-A —%
CRM —%
PDM —%
IFF —%
MLKN —%
CARG —%
RSP —%
VWO —%
VOO —%
SEMG —%
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