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Scharf Investments Portfolio holdings

AUM $3.03B
1-Year Est. Return 7.75%
This Fund
S&P 500
This Quarter Est. Return
+6.23%
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
$2.54B
AUM Growth
-$56.6M
Cap. Flow
-$170M
Cap. Flow %
-6.68%
Top 10 Hldgs %
53.28%
Holding
47
New
4
Increased
4
Reduced
27
Closed
11

Top Buys

Rank Stock Value
1
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$96.3M
2
JNJ icon
Johnson & Johnson
JNJ
+$58.2M
3
WSO icon
Watsco Inc
WSO
+$34.4M
4
NVS icon
Novartis
NVS
+$25.7M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$20.8M

Top Sells

Rank Stock Value
1
CDK
CDK Global, Inc.
CDK
+$124M
2
WBA
Walgreens Boots Alliance
WBA
+$61.3M
3
HSY icon
Hershey
HSY
+$50.4M
4
CERN
Cerner Corp
CERN
+$34.8M
5
MSFT icon
Microsoft
MSFT
+$12.6M

Sector Composition

Rank Sector Weight
1 Technology 19.41%
2 Healthcare 18.43%
3 Financials 13.64%
4 Communication Services 12.17%
5 Consumer Discretionary 11.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIDU icon
26
Baidu
BIDU
$35.7B
$35.4M 1.4%
301,598
-21,830
-7% -$3.11M
SPY icon
27
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$10.7M 0.42%
36,365
-9,715
-21% -$2.8M
GLD icon
28
SPDR Gold Trust
GLD
$131B
$3.55M 0.14%
26,622
-1,282
-5% -$158K
AAPL icon
29
Apple
AAPL
$4.97T
$1.07M 0.04%
21,616
-2,148
-9% -$105K
SONY icon
30
Sony
SONY
$137B
$645K 0.03%
61,585
+5,520
+10% +$54.2K
GNTX icon
31
Gentex
GNTX
$5.1B
$489K 0.02%
19,865
-5,718
-22% -$130K
CDK
32
DELISTED
CDK Global, Inc.
CDK
$396K 0.02%
8,012
-2,314,727
-100% -$124M
OAK
33
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
$335K 0.01%
6,758
– –
WBA
34
DELISTED
Walgreens Boots Alliance
WBA
$299K 0.01%
5,484
-1,152,959
-100% -$61.3M
IWB icon
35
iShares Russell 1000 ETF
IWB
$47.1B
$235K 0.01%
1,442
-394
-21% -$63.1K
GOOGL icon
36
Alphabet (Google) Class A
GOOGL
$4.12T
$230K 0.01%
+4,240
New +$245K
ACN icon
37
Accenture
ACN
$106B
– –
-1,405
Closed -$247K
ADBE icon
38
Adobe
ADBE
$105B
– –
-2,790
Closed -$744K
AMZN icon
39
Amazon
AMZN
$2.44T
– –
-7,400
Closed -$659K
FSV icon
40
FirstService
FSV
$6.55B
– –
-16,000
Closed -$1.43M
LRCX icon
41
Lam Research
LRCX
$316B
– –
-85,000
Closed -$1.52M
MA icon
42
Mastercard
MA
$498B
– –
-15,239
Closed -$3.59M
MCO icon
43
Moody's
MCO
$83.7B
– –
-8,000
Closed -$1.45M
META icon
44
Meta Platforms (Facebook)
META
$1.49T
– –
-11,215
Closed -$1.87M
NOW icon
45
ServiceNow
NOW
$120B
– –
-14,000
Closed -$690K
PYPL icon
46
PayPal
PYPL
$49.9B
– –
-2,173
Closed -$226K
V icon
47
Visa
V
$677B
– –
-1,745
Closed -$273K
1
2

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MCM
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CM
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JIC
Joel Isaacson & Co New York $3.02B AUM 21.81% 1-Year Est. Return
MB
MUFG Bank Tokyo 100-8388,, Japan $3.04B AUM 15.55% 1-Year Est. Return
CFM
Comprehensive Financial Management Los Gatos, California $3.01B AUM 2.93% 1-Year Est. Return
SM
Senvest Management New York $3.01B AUM 35.7% 1-Year Est. Return
TAM
Trillium Asset Management Boston, Massachusetts $3.01B AUM 19.96% 1-Year Est. Return
KIA
KCM Investment Advisors Greenbrae, California $3.01B AUM 21.97% 1-Year Est. Return

Scharf Investments's Q2 2019 Portfolio in Review

As of Q2 2019, Scharf Investments held 47 positions worth $2.54B, down 2.2% from $2.59B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Scharf Investments withdrew a net $170M in Q2 2019, closing 11 positions and reducing 27 holdings. Its most notable exit was Mastercard, an estimated $3.59M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Scharf Investments opened a new position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF worth $96.4M.

  • Scharf Investments's largest Q2 2019 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 1,051,801 shares worth $96.4M.
  • Scharf Investments added most to Novartis in Q2 2019, an estimated $25.7M increase.
  • Scharf Investments's biggest Q2 2019 reduction was CDK Global, Inc., cutting an estimated $124M.
  • Scharf Investments fully exited Mastercard in Q2 2019, selling an estimated $3.59M.
  • Scharf Investments's ten largest holdings make up 53% of its $2.54B portfolio in Q2 2019.
  • Scharf Investments opened 4 new positions and closed 11 in Q2 2019.
  • Scharf Investments's portfolio value fell 2.2% quarter-over-quarter to $2.54B.

Based on Scharf Investments's 13F filing for Q2 2019, filed 13 Aug 2019.