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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
+5.99%
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
$3.47B
AUM Growth
+$164M
Cap. Flow
+$90.5M
Cap. Flow %
2.61%
Top 10 Hldgs %
54.7%
Holding
74
New
5
Increased
28
Reduced
20
Closed
8

Top Buys

1
HSY icon
Hershey
HSY
+$90M
2
ADBE icon
Adobe
ADBE
+$89.5M
3
FNV icon
Franco-Nevada
FNV
+$79.3M
4
UHAL icon
U-Haul Holding Co
UHAL
+$52.4M
5
DIS icon
Walt Disney
DIS
+$27.2M

Top Sells

1
UNP icon
Union Pacific
UNP
+$51.8M
2
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$46.8M
3
BN icon
Brookfield
BN
+$39M
4
SLB icon
SLB Ltd
SLB
+$37.1M
5
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$31.1M

Sector Composition

1 Financials 27.08%
2 Technology 21.05%
3 Healthcare 17.59%
4 Industrials 9.03%
5 Materials 6.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCK icon
1
McKesson
MCK
$98.5B
$255M 7.35%
348,429
-32,521
-9% -$23M
MSFT icon
2
Microsoft
MSFT
$2.93T
$221M 6.37%
444,957
+27,950
+7% +$12.1M
BRK.B icon
3
Berkshire Hathaway Class B
BRK.B
$1.06T
$212M 6.11%
436,722
-2,194
-0.5% -$1.11M
FISV
4
Fiserv Inc
FISV
$27B
$199M 5.74%
1,155,966
+33,308
+3% +$6.04M
ORCL icon
5
Oracle
ORCL
$364B
$193M 5.56%
883,272
+41,475
+5% +$6.7M
MKL icon
6
Markel Group
MKL
$24.7B
$176M 5.06%
87,980
-889
-1% -$1.67M
BN icon
7
Brookfield
BN
$107B
$175M 5.03%
4,234,730
-1,052,661
-20% -$39M
V icon
8
Visa
V
$682B
$169M 4.86%
474,828
-21,764
-4% -$7.59M
NVS icon
9
Novartis
NVS
$293B
$153M 4.4%
1,262,444
+3,805
+0.3% +$429K
OXY icon
10
Occidental Petroleum
OXY
$54.6B
$146M 4.21%
3,480,890
+517,451
+17% +$21.6M
APD icon
11
Air Products & Chemicals
APD
$65.8B
$143M 4.12%
506,600
-3,910
-0.8% -$1.07M
CME icon
12
CME Group
CME
$88.5B
$121M 3.49%
440,229
-1,949
-0.4% -$530K
CNC icon
13
Centene
CNC
$32.8B
$109M 3.15%
2,013,780
-381,668
-16% -$22.4M
DIS icon
14
Walt Disney
DIS
$170B
$104M 3%
840,267
+261,898
+45% +$27.2M
CMCSA icon
15
Comcast
CMCSA
$85B
$94.3M 2.72%
2,641,848
-257,985
-9% -$8.92M
ADBE icon
16
Adobe
ADBE
$94.3B
$91.7M 2.64%
236,955
+232,362
+5,059% +$89.5M
BKNG icon
17
Booking.com
BKNG
$141B
$90.9M 2.62%
392,150
-41,175
-10% -$8.43M
HSY icon
18
Hershey
HSY
$34.8B
$90.6M 2.61%
+545,858
New +$90M
LMT icon
19
Lockheed Martin
LMT
$117B
$90M 2.59%
194,309
+69
+0% +$32.3K
AON icon
20
Aon
AON
$78.4B
$81.9M 2.36%
229,454
-1,003
-0.4% -$363K
UHAL icon
21
U-Haul Holding Co
UHAL
$13.9B
$81.7M 2.35%
1,449,296
+838,380
+137% +$52.4M
FNV icon
22
Franco-Nevada
FNV
$38.7B
$78.5M 2.26%
+478,933
New +$79.3M
UNP icon
23
Union Pacific
UNP
$179B
$75.9M 2.19%
329,812
-233,443
-41% -$51.8M
BIL icon
24
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$69.7M 2.01%
760,224
-339,323
-31% -$31.1M
SNN icon
25
Smith & Nephew
SNN
$12.9B
$63.8M 1.84%
2,083,513
+6,993
+0.3% +$197K
1
2 3

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CM
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JIC
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MB
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CFM
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Scharf Investments's Q2 2025 Portfolio in Review

As of Q2 2025, Scharf Investments held 74 positions worth $3.47B, up 5% from $3.31B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Scharf Investments's Q2 2025 filing shows 5 new, 28 increased, 20 reduced and 8 closed positions. Its largest new stake was Hershey: 545,858 shares worth $90.6M. The largest sale was Union Pacific, an estimated $51.8M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 29% a quarter earlier, followed by Technology and Healthcare.

  • Scharf Investments's largest Q2 2025 buy was Hershey: 545,858 shares worth $90.6M.
  • Scharf Investments added most to Adobe in Q2 2025, an estimated $89.5M increase.
  • Scharf Investments's biggest Q2 2025 reduction was Union Pacific, cutting an estimated $51.8M.
  • Scharf Investments fully exited Gentex in Q2 2025, selling an estimated $24.3M.
  • Scharf Investments's ten largest holdings make up 55% of its $3.47B portfolio in Q2 2025.
  • Scharf Investments opened 5 new positions and closed 8 in Q2 2025.
  • Scharf Investments's portfolio value rose 5% quarter-over-quarter to $3.47B.

Based on Scharf Investments's 13F filing for Q2 2025, filed 14 Jul 2025.