Scharf ETF
KAT
39 hedge funds and large institutions have $537M invested in Scharf ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
15% more funds holding
Funds holding: 34 → 39 (+5)
5.63% more ownership
Funds ownership: 68.73% → 74.36% (+5.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less capital invested
Capital invested by funds: $542M → $537M (-$5.22M)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$29.4M |
| 2 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
+$6.53M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$3.42M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
+$3.36M |
| 5 |
Mariner
Overland Park,
Kansas
|
+$2.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Scharf Investments
Los Gatos,
California
|
-$21.7M |
| 2 |
Morgan Stanley
New York
|
-$6.47M |
| 3 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
-$4.8M |
| 4 |
Jane Street
New York
|
-$3.45M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$3.36M |
KAT Hedge Fund Activity: Q4 2025 in Review
39 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Scharf ETF (KAT) for Q4 2025, worth a combined $537M — down 0.96% from $542M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KAT positions and 2 closed out — a net gain of 5 holders — while 8 added to existing stakes and 14 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $29.4M. The largest seller was Scharf Investments, cutting an estimated $21.7M.
- 39 institutional investors held Scharf ETF (KAT) as of Q4 2025, up from 34 in Q3 2025.
- Funds reported $537M of Scharf ETF stock for Q4 2025, down 0.96% quarter-over-quarter.
- 7 funds opened new Scharf ETF positions in Q4 2025 and 2 closed out, a net change of +5 holders.
- The largest Scharf ETF buyer in Q4 2025 was Focus Partners Wealth, an estimated $29.4M added.
- The largest Scharf ETF seller in Q4 2025 was Scharf Investments, an estimated $21.7M sold.
Based on aggregated 13F filings for Q4 2025.