Scharf Investments, LLC

LOS GATOS, CA · CIK 1463746 · 13F filing filed 2026-07-13

SEC-registered investment adviser since 1983 · limited liability company

Assets managed$4.2bn
Staff23 · 15 in investment roles
Main clients (by assets)Other advisers 37%, High net worth individuals 32%, Mutual funds and ETFs 25%
Websitescharfinvestments.com
Form ADV · 2026-03-24SEC adviser record

Kindfutures
Others nearbyLos Gatos, CA, Applegate, CA

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Los Gatos, CA (main office)United States	United States	about 14
Soquel, CAUnited States	United States	1

US visa salary filings

Filings FY2025–20263
Median salary offered$96,300
Middle half$96,150 – $128,150
Job titles2

Job title	Filings	Median	Range
Data Management AssociateLos Gatos, CA	2	$96,150	$96,000 – $96,300
Research AnalystLos Gatos, CA	1	$160,000	$160,000 – $200,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Scharf Investments, LLC.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.0bn reported value -6.7% vs Q1 2026

79positions

45.0%in top 10

14 new 11 added 53 reduced 5 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ADVISORS SER TR SCHARF ETF KAT	KAT	4,419,958	$238.9m7.89%	7.89%	Reduced -139.3k	-139,324 -3.1%
2	OCCIDENTAL PETE CORP COM OXY	OXY	3,187,747	$154.8m5.11%	5.11%	Reduced -396.1k	-396,117 -11.1%
3	UNION PAC CORP COM UNP	UNP	542,136	$147.5m4.87%	4.87%	Reduced -57.8k	-57,763 -9.6%
4	ADVISORS SER TR SCHARF GLOBAL GKAT	GKAT	3,036,088	$131.1m4.33%	4.33%	Added +209.7k	+209,748 7.4%
5	MARKEL GROUP INC COM MKL	MKL	60,564	$118.3m3.91%	3.91%	Reduced -578	-578 -0.9%
6	MICROSOFT CORP COM MSFT	MSFT	313,848	$117.1m3.87%	3.87%	Reduced -29.6k	-29,629 -8.6%
7	AMAZON COM INC COM AMZN	AMZN	484,291	$115.4m3.81%	3.81%	Added +466.8k	+466,820 2672.0%
8	VISA INC COM CL A V	V	335,988	$115.3m3.81%	3.81%	Reduced -29.9k	-29,873 -8.2%
9	MCKESSON CORP COM MCK	MCK	150,631	$113.8m3.76%	3.76%	Reduced -71.0k	-70,951 -32.0%
10	BROOKFIELD CORP CL A LTD VT SH BN	BN	2,591,096	$110.4m3.65%	3.65%	Reduced -165.6k	-165,564 -6.0%
11	CENTENE CORP DEL COM CNC	CNC	1,650,542	$105.9m3.50%	3.50%	Reduced -68.5k	-68,484 -4.0%
12	AGILENT TECHNOLOGIES INC COM A	A	754,161	$100.2m3.31%	3.31%	Reduced -5.6k	-5,641 -0.7%
13	FRANCO NEV CORP COM FNV	FNV	472,469	$98.5m3.25%	3.25%	Reduced -84.7k	-84,666 -15.2%
14	META PLATFORMS INC CL A META	META	170,441	$96.0m3.17%	3.17%	Reduced -32.9k	-32,926 -16.2%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	178,328	$89.2m2.95%	2.95%	Reduced -52.9k	-52,929 -22.9%
16	CHUBB LIMITED COM CB	CB	240,324	$81.9m2.70%	2.70%	Reduced -30.3k	-30,305 -11.2%
17	UNITEDHEALTH GROUP INC COM UNH	UNH	189,754	$78.9m2.61%	2.61%	Added +15.2k	+15,152 8.7%
18	AON PLC SHS CL A AON	AON	226,626	$75.2m2.48%	2.48%	Reduced -28.3k	-28,315 -11.1%
19	OTIS WORLDWIDE CORP COM OTIS	OTIS	1,007,995	$72.2m2.38%	2.38%	Reduced -158.6k	-158,574 -13.6%
20	CME GROUP INC COM CME	CME	289,373	$63.9m2.11%	2.11%	Reduced -36.1k	-36,088 -11.1%
21	HERSHEY CO COM HSY	HSY	355,964	$62.5m2.06%	2.06%	Reduced -62.2k	-62,152 -14.9%
22	ADOBE INC COM ADBE	ADBE	295,118	$60.5m2.00%	2.00%	Reduced -30.7k	-30,684 -9.4%
23	STRYKER CORPORATION COM SYK	SYK	184,576	$58.1m1.92%	1.92%	Added +179.1k	+179,071 3252.9%
24	MARSH & MCLENNAN COS INC COM MRSH	MRSH	344,395	$57.4m1.90%	1.90%	Reduced -104.9k	-104,948 -23.4%
25	DISNEY WALT CO COM DIS	DIS	591,045	$56.9m1.88%	1.88%	Reduced -81.4k	-81,427 -12.1%
26	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	112,770	$56.5m1.87%	1.87%	Reduced -19.6k	-19,625 -14.8%
27	ZOETIS INC CL A ZTS	ZTS	733,571	$52.7m1.74%	1.74%	Reduced -103.7k	-103,743 -12.4%
28	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	67,398	$50.3m1.66%	1.66%	Reduced -16.9k	-16,892 -20.0%
29	NOVARTIS AG SPONSORED ADR NVS	NVS	310,818	$48.7m1.61%	1.61%	Reduced -278.4k	-278,414 -47.2%
30	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	821,423	$47.4m1.57%	1.57%	Reduced -67.5k	-67,518 -7.6%
31	LOCKHEED MARTIN CORP COM LMT	LMT	87,401	$44.5m1.47%	1.47%	Reduced -8.7k	-8,672 -9.0%
32	NVIDIA CORPORATION COM NVDA	NVDA	206,500	$41.3m1.36%	1.36%	Added +182.5k	+182,533 761.6%
33	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	296,158	$27.1m0.90%	0.90%	Reduced -352.6k	-352,556 -54.4%
34	U HAUL HOLDING COMPANY COM UHAL	UHAL	412,078	$27.0m0.89%	0.89%	Added +90.1k	+90,076 28.0%
35	SMITH A O CORP COM AOS	AOS	374,792	$23.5m0.78%	0.78%	New
36	CVS HEALTH CORP COM CVS	CVS	93,867	$9.7m0.32%	0.32%	Reduced -2.3k	-2,302 -2.4%
37	MERCADOLIBRE INC COM MELI	MELI	5,533	$9.4m0.31%	0.31%	Added +5.1k	+5,080 1121.4%
38	CANADIAN NATL RY CO COM CNI	CNI	77,884	$9.3m0.31%	0.31%	Reduced -36.8k	-36,833 -32.1%
39	SCHLUMBERGER LTD COM STK SLB	SLB	103,789	$4.8m0.16%	0.16%	Added +8.0k	+7,980 8.3%
40	HALEON PLC SPON ADS HLN	HLN	485,251	$4.5m0.15%	0.15%	Reduced -665.5k	-665,499 -57.8%
41	MCDONALDS CORP COM MCD	MCD	13,863	$3.7m0.12%	0.12%	New
42	CANADIAN PACIFIC KANSAS CITY COM CP	CP	40,452	$3.5m0.12%	0.12%	Reduced -17.8k	-17,790 -30.5%
43	LINDE PLC SHS LIN	LIN	6,379	$3.3m0.11%	0.11%	New
44	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	1,573	$3.1m0.10%	0.10%	New
45	ALPHABET INC CAP STK CL C GOOG	GOOG	8,511	$3.0m0.10%	0.10%	Reduced -1.3k	-1,343 -13.6%
46	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,551	$2.7m0.09%	0.09%	Reduced -980	-980 -11.5%
47	APPLE INC COM AAPL	AAPL	8,870	$2.6m0.08%	0.08%	Reduced -968	-968 -9.8%
48	ISHARES TR RUS 1000 ETF IWB	IWB	5,956	$2.4m0.08%	0.08%	Added +1.7k	+1,661 38.7%
49	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	38,131	$2.3m0.08%	0.08%	New
50	DONALDSON INC COM DCI	DCI	25,353	$2.3m0.08%	0.08%	Reduced -1.4k	-1,414 -5.3%
51	BOOKING HOLDINGS INC COM BKNG	BKNG	11,295	$2.0m0.07%	0.07%	Reduced -617.7k	-617,680 -98.2%
52	COMCAST CORP NEW CL A CMCSA	CMCSA	76,396	$1.9m0.06%	0.06%	Reduced -4.0k	-3,988 -5.0%
53	GRAINGER W W INC COM GWW	GWW	1,260	$1.7m0.06%	0.06%	Reduced -196	-196 -13.5%
54	ORACLE CORP COM ORCL	ORCL	9,921	$1.5m0.05%	0.05%	Reduced -1.0k	-1,017 -9.3%
55	ELI LILLY & CO COM LLY	LLY	1,086	$1.3m0.04%	0.04%	Reduced -253	-253 -18.9%
56	BROADCOM INC COM AVGO	AVGO	3,381	$1.3m0.04%	0.04%	Reduced -479	-479 -12.4%
57	MASTERCARD INCORPORATED CL A MA	MA	2,190	$1.1m0.04%	0.04%	Reduced -1.1k	-1,105 -33.5%
58	IMMUNOME INC COM IMNM	IMNM	44,389	$940.6k0.03%	0.03%	Unchanged
59	EATON CORP PLC SHS ETN	ETN	2,024	$862.5k0.03%	0.03%	Reduced -271	-271 -11.8%
60	AIR PRODS & CHEMS INC COM APD	APD	2,921	$856.4k0.03%	0.03%	Reduced -272	-272 -8.5%
61	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	10,034	$840.3k0.03%	0.03%	New
62	SCHWAB CHARLES CORP COM SCHW	SCHW	8,859	$817.4k0.03%	0.03%	New
63	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	2,131	$732.9k0.02%	0.02%	Added +1.5k	+1,451 213.4%
64	AIRBNB INC COM CL A ABNB	ABNB	4,760	$681.2k0.02%	0.02%	Reduced -5.0k	-4,982 -51.1%
65	AMPHENOL CORP CL A APH	APH	3,631	$640.2k0.02%	0.02%	Reduced -1.2k	-1,248 -25.6%
66	ISHARES TR 1 3 YR TREAS BD SHY	SHY	6,108	$501.6k0.02%	0.02%	Added +27	+27 0.4%
67	ISHARES INC MSCI STH KOR ETF EWY	EWY	2,396	$483.8k0.02%	0.02%	New
68	SPROTT PHYSICAL SILVER TR TR UNIT PSLV	PSLV	25,000	$471.8k0.02%	0.02%	New
69	CARGURUS INC COM CL A CARG	CARG	11,868	$404.6k0.01%	0.01%	New
70	S&P GLOBAL INC COM SPGI	SPGI	954	$388.5k0.01%	0.01%	Reduced -2.2k	-2,152 -69.3%
71	SMITH & NEPHEW PLC SPDN ADR NEW SNN	SNN	13,064	$376.4k0.01%	0.01%	Reduced -4.6k	-4,573 -25.9%
72	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	2,135	$338.7k0.01%	0.01%	New
73	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	1,440	$322.5k0.01%	0.01%	Reduced -2.0k	-2,044 -58.7%
74	SERVICENOW INC COM NOW	NOW	2,879	$285.8k0.01%	0.01%	Reduced -5.0k	-4,963 -63.3%
75	TJX COS INC NEW COM TJX	TJX	1,779	$269.5k0.01%	0.01%	Reduced -3.0k	-2,974 -62.6%
76	EAST WEST BANCORP INC COM EWBC	EWBC	1,776	$229.3k0.01%	0.01%	New
77	UBER TECHNOLOGIES INC COM UBER	UBER	2,820	$203.5k0.01%	0.01%	Reduced -3.2k	-3,163 -52.9%
78	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	542	$200.6k0.01%	0.01%	New
79	PIEDMONT OFFICE REALTY TR IN COM CL A PDM	PDM	14,812	$135.5k0.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AMERICAN WTR WKS CO INC NEW AWK	AWK	35,846	$4.9m35.8k shares
INTUIT INTU	INTU	3,286	$1.4m3.3k shares
EXXON MOBIL CORP XOM	XOM	6,443	$1.1m6.4k shares
FISERV INC FISV	FISV	9,995	$557.7k10.0k shares
QUINCE THERAPEUTICS INC		19,461	$2.0k19.5k shares