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Scharf Investments, LLC — 13F Holdings & Portfolio

CIK 1463746 · latest 13F-HR filed 2026-07-13

Backtest portfolio

Scharf Investments, LLC manages $3.03B in 13F-reported U.S. long-equity assets across 79 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are KAT (7.89%), OXY (5.11%), UNP (4.87%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 14 new positions and exited 5; 19 existing positions rose in reported value and 35 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$3.03B

Long-equity book

Holdings
79

Distinct positions

Period
2026-06-30

Filed 2026-07-13

Q/Q Activity
+14 / −5 / ↑19 / ↓35

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
KAT7.9% · -3%OXY5.1% · -11%UNP4.9% · -10%GKAT4.3% · +7%MKL3.9% · -1%MSFT3.9% · -9%AMZN3.8% · +2672%V3.8% · -8%MCK3.8% · -32%BN3.6% · -6%CNC3.5% · -4%A3.3% · -1%FNV3.3% · -15%META3.2% · -16%BRK.B2.9% · -23%CB2.7% · -11%UNH2.6% · +9%AON2.5% · -11%OTIS2.4% · -14%CME2.1% · -11%HSY2.1% · -15%ADBE2.0% · -9%SYK1.9% · +3253%MRSH1.9% · -23%DIS1.9% · -12%TMO1.9% · -15%ZTS1.7% · -12%SPY1.7% · -20%NVS1.6% · -47%UHAL.B1.6% · -8%LMT1.5% · -9%NVDA1.4% · +762%BIL0.9% · -54%UHAL0.9% · +28%AOS0.8% · newCVS0.3% · -2%MELI0.3% · +1121%CNI0.3% · -32%SLB0.2% · +8%HLN0.1% · -58%MCD0.1% · newCP0.1% · -30%LIN0.1% · newASML0.1% · newGOOG0.1% · -14%GOOGL0.1% · -12%AAPL0.1% · -10%IWB0.1% · +39%VWO0.1% · newDCI0.1% · -5%BKNG0.1% · -55%CMCSA0.1% · -5%GWW0.1% · -14%ORCL0.0% · -9%LLY0.0% · -19%AVGO0.0% · -12%MA0.0% · -34%IMNM0.0% · 0%ETN0.0% · -12%APD0.0% · -8%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 45%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 24, 2026.

Assets Under Management
$4.21B
Discretionary
$2.67B
Employees
23
Accounts
1,395
Address
16450 LOS GATOS BOULEVARD, SUITE 207
LOS GATOS, CA 95032
Phone
(831) 429-6513
Website
Name Title / Status Ownership Type
K5 CAPITAL MANAGEMENT, LLC ControlMEMBER (CLASS A)
since Sep 2017
25–50%Domestic Entity
KRAWEZ, BRIAN, ALAN ControlPRESIDENT & MANAGING MEMBER (CLASS A)
since Oct 2010
10–25%Individual
KRAWEZ, KAREN ControlMEMBER (CLASS A)
since Jan 2019
10–25%Individual
IM SQUARE HOLDING 5 LLCMEMBER (CLASS C)
since Apr 2019
25–50%Foreign Entity
MARCUS, JASON, ADAMCHIEF COMPLIANCE OFFICER & CHIEF OPERATING OFFICER
since Nov 2010
Less than 5%Individual
EURAZEO SA Control
Indirect owner via LEGENDRE HOLDING 36
HOLDING COMPANY
since Apr 2014
75% or moreForeign Entity
IM SQUARE SAS Control
Indirect owner via IM SQUARE HOLDING 5 LLC
PARENT
since Apr 2019
75% or moreForeign Entity
KRAWEZ, BRIAN, ALAN Control
Indirect owner via K5 CAPITAL MANAGEMENT, LLC
PARTNER
since Oct 2017
25–50%Individual
KRAWEZ, KAREN Control
Indirect owner via K5 CAPITAL MANAGEMENT, LLC
PARTNER
since Oct 2017
25–50%Individual
LEGENDRE HOLDING 36 Control
Indirect owner via IM SQUARE SAS
HOLDING COMPANY
since Jun 2015
50–75%Foreign Entity
Ownership & leadership changes · 9 filings with changes since Mar 16, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

May 21, 2021 filing
  • ChangedIM SQUARE HOLDING 5 LLC · title MEMBER → MEMBER (CLASS C)
  • ChangedK5 CAPITAL MANAGEMENT, LLC · title MEMBER → MEMBER (CLASS A)
  • ChangedKRAWEZ, BRIAN, ALAN · title MANAGING MEMBER & PRESIDENT → PRESIDENT & MANAGING MEMBER (CLASS A)
  • ChangedKRAWEZ, KAREN · title MEMBER → MEMBER (CLASS A)
Mar 5, 2021 filing
  • ChangedIM SQUARE HOLDING 5 LLC · no longer a control person
Apr 22, 2019 filing
  • AddedEURAZEO SA · HOLDING COMPANY · 75% or more · indirect via LEGENDRE HOLDING 36 · control person
  • AddedIM SQUARE HOLDING 5 LLC · MEMBER · 25–50% · control person
  • AddedIM SQUARE SAS · PARENT · 75% or more · indirect via IM SQUARE HOLDING 5 LLC · control person
  • AddedKRAWEZ, KAREN · MEMBER · 10–25% · control person
  • AddedLEGENDRE HOLDING 36 · HOLDING COMPANY · 50–75% · indirect via IM SQUARE SAS · control person
  • ChangedKRAWEZ, BRIAN, ALAN · ownership 25–50% → 10–25%
Mar 12, 2018 filing
  • No longer listedSCHARF, JEFFREY, ROBERT · MEMBER · Less than 5% · control person · listed since Jan 1983
Nov 1, 2017 filing
  • AddedKRAWEZ, BRIAN, ALAN · PARTNER · 25–50% · indirect via K5 CAPITAL MANAGEMENT, LLC · control person
  • AddedKRAWEZ, KAREN · PARTNER · 25–50% · indirect via K5 CAPITAL MANAGEMENT, LLC · control person
Sep 29, 2017 filing
  • AddedK5 CAPITAL MANAGEMENT, LLC · OWNER · 25–50% · control person
  • ChangedK5 CAPITAL MANAGEMENT, LLC · title OWNER → MEMBER
  • ChangedKRAWEZ, BRIAN, ALAN · ownership 75% or more → 25–50%
Jul 5, 2016 filing
  • ChangedKRAWEZ, BRIAN, ALAN · ownership 50–75% → 75% or more
  • ChangedMARCUS, JASON, ADAM · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER & CHIEF OPERATING OFFICER
  • ChangedSCHARF, JEFFREY, ROBERT · title CHAIRMAN → MEMBER; ownership 25–50% → Less than 5%
Mar 2, 2016 filing
  • ChangedKRAWEZ, BRIAN, ALAN · title MEMBER & PRESIDENT → MANAGING MEMBER & PRESIDENT; now a control person
  • ChangedSCHARF, JEFFREY, ROBERT · title MANAGING MEMBER & CHAIRMAN → CHAIRMAN
Mar 14, 2014 filing
  • ChangedKRAWEZ, BRIAN, ALAN · ownership 25–50% → 50–75%
  • ChangedSCHARF, JEFFREY, ROBERT · ownership 50–75% → 25–50%
Mar 16, 2012 filing (earliest on record)
  • ListedKRAWEZ, BRIAN, ALAN · MEMBER & PRESIDENT · 25–50%
  • ListedMARCUS, JASON, ADAM · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedSCHARF, JEFFREY, ROBERT · MANAGING MEMBER & CHAIRMAN · 50–75% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 19 →

Top Trims

Show all 35 →

New Positions

Show all 14 →

Exited Positions

Show all 5 →

Scharf Investments, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ADVISORS SER TR KAT 00770X220 $238.9M 7.89% 4,419,958 SH
2 OCCIDENTAL PETE CORP OXY 674599105 $154.8M 5.11% 3,187,747 SH
3 UNION PAC CORP UNP 907818108 $147.5M 4.87% 542,136 SH
4 ADVISORS SER TR GKAT 00770X212 $131.1M 4.33% 3,036,088 SH
5 MARKEL GROUP INC MKL 570535104 $118.3M 3.91% 60,564 SH
6 MICROSOFT CORP MSFT 594918104 $117.1M 3.87% 313,848 SH
7 AMAZON COM INC AMZN 023135106 $115.4M 3.81% 484,291 SH
8 VISA INC V 92826C839 $115.3M 3.81% 335,988 SH
9 MCKESSON CORP MCK 58155Q103 $113.8M 3.76% 150,631 SH
10 BROOKFIELD CORP BN 11271J107 $110.4M 3.65% 2,591,096 SH
11 CENTENE CORP DEL CNC 15135B101 $105.9M 3.50% 1,650,542 SH
12 AGILENT TECHNOLOGIES INC A 00846U101 $100.2M 3.31% 754,161 SH
13 FRANCO NEV CORP FNV 351858105 $98.5M 3.25% 472,469 SH
14 META PLATFORMS INC META 30303M102 $96.0M 3.17% 170,441 SH
15 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $89.2M 2.95% 178,328 SH
16 CHUBB LIMITED CB H1467J104 $81.9M 2.70% 240,324 SH
17 UNITEDHEALTH GROUP INC UNH 91324P102 $78.9M 2.61% 189,754 SH
18 AON PLC AON G0403H108 $75.2M 2.48% 226,626 SH
19 OTIS WORLDWIDE CORP OTIS 68902V107 $72.2M 2.38% 1,007,995 SH
20 CME GROUP INC CME 12572Q105 $63.9M 2.11% 289,373 SH
21 HERSHEY CO HSY 427866108 $62.5M 2.06% 355,964 SH
22 ADOBE INC ADBE 00724F101 $60.5M 2.00% 295,118 SH
23 STRYKER CORPORATION SYK 863667101 $58.1M 1.92% 184,576 SH
24 MARSH & MCLENNAN COS INC MRSH 571748102 $57.4M 1.90% 344,395 SH
25 DISNEY WALT CO DIS 254687106 $56.9M 1.88% 591,045 SH
26 THERMO FISHER SCIENTIFIC INC TMO 883556102 $56.5M 1.87% 112,770 SH
27 ZOETIS INC ZTS 98978V103 $52.7M 1.74% 733,571 SH
28 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $50.3M 1.66% 67,398 SH
29 NOVARTIS AG NVS 66987V109 $48.7M 1.61% 310,818 SH
30 U HAUL HOLDING COMPANY UHAL.B 023586506 $47.4M 1.57% 821,423 SH
31 LOCKHEED MARTIN CORP LMT 539830109 $44.5M 1.47% 87,401 SH
32 NVIDIA CORPORATION NVDA 67066G104 $41.3M 1.36% 206,500 SH
33 SPDR SERIES TRUST BIL 78468R663 $27.1M 0.90% 296,158 SH
34 U HAUL HOLDING COMPANY UHAL 023586100 $27.0M 0.89% 412,078 SH
35 SMITH A O CORP AOS 831865209 $23.5M 0.78% 374,792 SH
36 CVS HEALTH CORP CVS 126650100 $9.7M 0.32% 93,867 SH
37 MERCADOLIBRE INC MELI 58733R102 $9.4M 0.31% 5,533 SH
38 CANADIAN NATL RY CO CNI 136375102 $9.3M 0.31% 77,884 SH
39 SLB LIMITED SLB 806857108 $4.8M 0.16% 103,789 SH
40 HALEON PLC HLN 405552100 $4.5M 0.15% 485,251 SH
41 MCDONALDS CORP MCD 580135101 $3.7M 0.12% 13,863 SH
42 CANADIAN PACIFIC KANSAS CITY CP 13646K108 $3.5M 0.12% 40,452 SH
43 LINDE PLC LIN G54950103 $3.3M 0.11% 6,379 SH
44 ASML HLDG NV ASML N07059210 $3.1M 0.10% 1,573 SH
45 ALPHABET INC GOOG 02079K107 $3.0M 0.10% 8,511 SH
46 ALPHABET INC GOOGL 02079K305 $2.7M 0.09% 7,551 SH
47 APPLE INC AAPL 037833100 $2.6M 0.08% 8,870 SH
48 ISHARES TR IWB 464287622 $2.4M 0.08% 5,956 SH
49 VANGUARD INTL EQUITY INDEX F VWO 922042858 $2.3M 0.08% 38,131 SH
50 DONALDSON INC DCI 257651109 $2.3M 0.08% 25,353 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-13 $3.03B 79 0001463746-26-000003
2026-03-31 2026-04-13 $3.24B 70 0001463746-26-000002
2025-12-31 2026-01-15 $3.72B 72 0001463746-26-000001
Filer Information
Address
16450 LOS GATOS BLVD
SUITE 207
LOS GATOS, CA 95032
Phone
(831) 429-6513
Filing Manager
Scharf Investments, LLC
LOS GATOS, CA
Signatory
Jason Marcus
Chief Operating Officer