1y return−6.7%S&P 500 +20.9%
3y return+20.4%S&P 500 +68.5%
5y return+27.1%S&P 500 +74.5%
10y return+134.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $235 against $357 in the S&P 500.2
Scharf Investments, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| KATAdvisors Ser Tr | $238.9M | 7.9% | −3.1% |
| OXYOccidental Pete Corp | $154.8M | 5.1% | −11.1% |
| UNPUnion Pac Corp | $147.5M | 4.9% | −9.6% |
| GKATAdvisors Ser Tr | $131.1M | 4.3% | +7.4% |
| MKLMarkel Group Inc | $118.3M | 3.9% | |
| MSFTMicrosoft Corp | $117.1M | 3.9% | −8.6% |
| AMZNAmazon Com Inc | $115.4M | 3.8% | +2672.0% |
| VVisa Inc | $115.3M | 3.8% | −8.2% |
| MCKMckesson Corp | $113.8M | 3.8% | −32.0% |
| BNBrookfield Corp | $110.4M | 3.6% | −6.0% |
| CNCCentene Corp Del | $105.9M | 3.5% | −4.0% |
| AAgilent Technologies Inc | $100.2M | 3.3% | |
| FNVFranco Nev Corp | $98.5M | 3.3% | −15.2% |
| METAMeta Platforms Inc | $96.0M | 3.2% | −16.2% |
| BRK/BBerkshire Hathaway Inc Del | $89.2M | 2.9% | −22.9% |
| Chubb LimitedCUSIP H1467J104 | $81.9M | 2.7% | −11.2% |
| UNHUnitedhealth Group Inc | $78.9M | 2.6% | +8.7% |
| Aon PLCCUSIP G0403H108 | $75.2M | 2.5% | −11.1% |
| OTISOtis Worldwide Corp | $72.2M | 2.4% | −13.6% |
| CMECme Group Inc | $63.9M | 2.1% | −11.1% |
| HSYHershey Co | $62.5M | 2.1% | −14.9% |
| ADBEAdobe Inc | $60.5M | 2.0% | −9.4% |
| SYKStryker Corporation | $58.1M | 1.9% | +3252.9% |
| MRSHMarsh & Mclennan Cos Inc | $57.4M | 1.9% | −23.4% |
| DISDisney Walt Co | $56.9M | 1.9% | −12.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MCKMckesson Corp | June 30, 2020 | +392.5% | $113.8M |
| NVDANvidia Corporation | September 30, 2023 | +360.0% | $41.3M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $89.2M |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $50.3M |
| MKLMarkel Group Inc | December 31, 2020 | +89.0% | $118.3M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $117.1M |
| NVSNovartis Ag | June 30, 2020 | +79.4% | $48.7M |
| VVisa Inc | June 30, 2020 | +77.6% | $115.3M |
| CVSCvs Health Corp | June 30, 2020 | +59.2% | $9.7M |
| SYKStryker Corporation | September 30, 2020 | +51.1% | $58.1M |
Sold off last quarter
- AWKAmerican Wtr Wks Co Inc New was $4.9M
- INTUIntuit was $1.4M
- Exxon Mobil CorpCUSIP 30231G102 was $1.1M
- FISVFiserv Inc was $558K
- Quince Therapeutics IncCUSIP 22053A107 was $1,973
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −0.5% | +14.8% |
| March 31, 2026 | −3.6% | −4.6% |
| December 31, 2025 | −4.3% | +2.4% |
| September 30, 2025 | +1.7% | +7.8% |
| June 30, 2025 | +3.0% | +10.5% |
| March 31, 2025 | +2.8% | −4.6% |
| December 31, 2024 | −1.6% | +2.1% |
| September 30, 2024 | +8.9% | +5.4% |
| June 30, 2024 | −2.1% | +4.0% |
| March 31, 2024 | +6.7% | +10.0% |
| December 31, 2023 | +8.8% | +11.2% |
| September 30, 2023 | +0.0% | −3.6% |
| June 30, 2023 | +6.2% | +8.3% |
| March 31, 2023 | +1.2% | +7.0% |
| December 31, 2022 | +12.3% | +7.1% |
| September 30, 2022 | −9.5% | −5.3% |
| June 30, 2022 | −9.8% | −16.5% |
| March 31, 2022 | −0.7% | −4.9% |
| December 31, 2021 | +9.9% | +10.7% |
| September 30, 2021 | −1.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Scharf Investments, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1463746&type=13F-HR&dateb=&owner=include&count=40CIK 1463746
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1463746/000146374626000003/Filed July 13, 2026 · accession 0001463746-26-000003