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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
+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
(-2.2%)
Cap. Flow
-$170M
Cap. Flow
% of AUM
-6.68%
Top 10 Holdings %
Top 10 Hldgs %
53.28%
Holding
47
New
4
Increased
4
Reduced
27
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$96.3M |
| 2 |
Johnson & Johnson
JNJ
|
+$58.2M |
| 3 |
Watsco Inc
WSO
|
+$34.4M |
| 4 |
Novartis
NVS
|
+$25.7M |
| 5 |
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 |
Hershey
HSY
|
+$50.4M |
| 4 |
CERN
Cerner Corp
CERN
|
+$34.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.9T
| $189M | 7.46% |
1,412,960
-99,071
| -7% | -$12.6M |
|
2
Aon
AON
$80.6B
| $149M | 5.86% |
770,407
-55,280
| -7% | -$10M |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.1T
| $147M | 5.81% |
691,203
+100,298
| +17% | +$20.8M |
|
|
KSU
4
DELISTED
Kansas City Southern
KSU
| $132M | 5.2% |
1,082,578
-55,924
| -5% | -$6.69M |
|
5
Comcast
CMCSA
$87.3B
| $129M | 5.08% |
3,050,864
-175,651
| -5% | -$7.41M |
|
6
Booking.com
BKNG
$156B
| $127M | 5.01% |
1,693,950
-114,525
| -6% | -$8.23M |
|
7
Oracle
ORCL
$339B
| $123M | 4.84% |
2,155,676
-107,244
| -5% | -$5.8M |
|
8
Dollar Tree
DLTR
$24.8B
| $121M | 4.75% |
1,122,966
-72,137
| -6% | -$7.59M |
|
|
AGN
9
DELISTED
Allergan plc
AGN
| $118M | 4.67% |
707,723
-66,920
| -9% | -$9.27M |
|
|
10
Novartis
NVS
$302B
| $117M | 4.6% |
1,278,557
+304,168
| +31% | +$25.7M |
|
11
Cognizant
CTSH
$25.2B
| $109M | 4.29% |
1,715,375
-99,409
| -5% | -$6.52M |
|
12
Advance Auto Parts
AAP
$3.53B
| $109M | 4.28% |
705,120
-37,139
| -5% | -$6.03M |
|
13
CVS Health
CVS
$135B
| $96.8M | 3.81% |
1,776,178
+37,054
| +2% | +$2M |
|
|
14
Hershey
HSY
$37.3B
| $96.8M | 3.81% |
722,073
-396,587
| -35% | -$50.4M |
|
|
15
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
| $96.4M | 3.8% |
+1,051,801
| New | +$96.3M |
|
16
McKesson
MCK
$104B
| $76.7M | 3.02% |
571,066
-27,423
| -5% | -$3.42M |
|
17
Liberty Broadband Class C
LBRDK
$4.89B
| $75.3M | 2.97% |
722,030
-37,346
| -5% | -$3.68M |
|
18
Motorola Solutions
MSI
$72.1B
| $69.9M | 2.76% |
419,421
-24,425
| -6% | -$3.68M |
|
19
Alphabet (Google) Class C
GOOG
$4.11T
| $69M | 2.72% |
1,276,160
-84,260
| -6% | -$4.86M |
|
20
Sherwin-Williams
SHW
$83.5B
| $65M | 2.56% |
425,766
-33,762
| -7% | -$5.05M |
|
21
Starbucks
SBUX
$119B
| $64M | 2.52% |
762,858
-155,738
| -17% | -$12.2M |
|
|
CERN
22
DELISTED
Cerner Corp
CERN
| $60.4M | 2.38% |
823,787
-515,248
| -38% | -$34.8M |
|
|
23
Johnson & Johnson
JNJ
$640B
| $58.6M | 2.31% |
+420,563
| New | +$58.2M |
|
24
Wells Fargo
WFC
$254B
| $50.1M | 1.97% |
1,057,802
-100,495
| -9% | -$4.7M |
|
|
25
Watsco Inc
WSO
$13.2B
| $35.8M | 1.41% |
+218,826
| New | +$34.4M |
|
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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.