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SI

Scharf Investments Portfolio holdings

AUM $3.03B
1-Year Est. Return 7.75%
This Fund
S&P 500
This Quarter Est. Return
-0.89%
1 Year Est. Return
+7.75%
3 Year Est. Return
+55.03%
5 Year Est. Return
+80.17%
10 Year Est. Return
+289.59%
AUM
$2.8B
AUM Growth
-$762M
Cap. Flow
-$730M
Cap. Flow %
-26.1%
Top 10 Hldgs %
51.54%
Holding
48
New
4
Increased
4
Reduced
30
Closed
6

Top Buys

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$124M
2
T icon
AT&T
T
+$73.5M
3
HSY icon
Hershey
HSY
+$22.5M
4
AET
Aetna Inc
AET
+$1.4M
5
LRCX icon
Lam Research
LRCX
+$347K

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$180M
2
CTSH icon
Cognizant
CTSH
+$102M
3
BBWI icon
Bath & Body Works
BBWI
+$85M
4
AAP icon
Advance Auto Parts
AAP
+$56.8M
5
MSFT icon
Microsoft
MSFT
+$43.1M

Sector Composition

Rank Sector Weight
1 Technology 21.53%
2 Healthcare 16.9%
3 Consumer Discretionary 16.59%
4 Communication Services 10.48%
5 Financials 10.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
26
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$12.3M 0.44%
45,317
-17,710
-28% -$4.78M
LSXMK
27
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$8.32M 0.3%
240,897
-31,060
-11% -$1.04M
MA icon
28
Mastercard
MA
$498B
$2.85M 0.1%
14,500
– –
NXP icon
29
Nuveen Select Tax-Free Income Portfolio
NXP
$898M
$2.03M 0.07%
141,839
+2,750
+2% +$38.7K
META icon
30
Meta Platforms (Facebook)
META
$1.49T
$1.52M 0.05%
7,805
– –
AET
31
DELISTED
Aetna Inc
AET
$1.44M 0.05%
+7,850
New +$1.4M
MCO icon
32
Moody's
MCO
$83.7B
$1.36M 0.05%
8,000
-3,000
-27% -$508K
FSV icon
33
FirstService
FSV
$6.55B
$1.22M 0.04%
16,000
– –
JPM.WS
34
DELISTED
JPMorgan Chase
JPM.WS
$1.06M 0.04%
16,725
-10,000
-37% -$694K
BBWI icon
35
Bath & Body Works
BBWI
$3.97B
$1.05M 0.04%
35,222
-2,943,535
-99% -$85M
SLQD icon
36
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
$1.01M 0.04%
20,338
+781
+4% +$38.7K
LRCX icon
37
Lam Research
LRCX
$316B
$916K 0.03%
53,000
+18,000
+51% +$347K
WTW icon
38
Willis Towers Watson
WTW
$29.8B
$762K 0.03%
5,024
-1,400
-22% -$213K
SLB icon
39
SLB Ltd
SLB
$72.7B
$593K 0.02%
8,850
-1,523
-15% -$105K
SONY icon
40
Sony
SONY
$137B
$320K 0.01%
31,200
-3,125
-9% -$30.4K
IWB icon
41
iShares Russell 1000 ETF
IWB
$47.1B
$280K 0.01%
+1,844
New +$278K
OAK
42
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
$275K 0.01%
6,758
– –
BAB icon
43
Invesco Taxable Municipal Bond ETF
BAB
$1.02B
– –
-17,650
Closed -$532K
DG icon
44
Dollar General
DG
$28.4B
– –
-8,847
Closed -$828K
RYAAY icon
45
Ryanair
RYAAY
$30B
– –
-21,863
Closed -$1.07M
V icon
46
Visa
V
$677B
– –
-189,850
Closed -$22.7M
QVCGA
47
DELISTED
QVC Group Inc Series A
QVCGA
– –
-412
Closed -$503K
TWX
48
DELISTED
Time Warner Inc
TWX
– –
-1,898,402
Closed -$180M
1
2

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Scharf Investments's Q2 2018 Portfolio in Review

As of Q2 2018, Scharf Investments held 48 positions worth $2.8B, down 21% from $3.56B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Scharf Investments withdrew a net $730M in Q2 2018, closing 6 positions and reducing 30 holdings. Its most notable exit was Time Warner Inc, an estimated $180M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Scharf Investments opened a new position in Dollar Tree worth $114M.

  • Scharf Investments's largest Q2 2018 buy was Dollar Tree: 1,340,979 shares worth $114M.
  • Scharf Investments added most to Hershey in Q2 2018, an estimated $22.5M increase.
  • Scharf Investments's biggest Q2 2018 reduction was Cognizant, cutting an estimated $102M.
  • Scharf Investments fully exited Time Warner Inc in Q2 2018, selling an estimated $180M.
  • Scharf Investments's ten largest holdings make up 52% of its $2.8B portfolio in Q2 2018.
  • Scharf Investments opened 4 new positions and closed 6 in Q2 2018.
  • Scharf Investments's portfolio value fell 21% quarter-over-quarter to $2.8B.

Based on Scharf Investments's 13F filing for Q2 2018, filed 13 Aug 2018.