Latest SCHARF INVESTMENTS, LLC Stock Portfolio

SCHARF INVESTMENTS, LLC Performance:

2025 Q4: -3.54%YTD: 2.96%2024: 10.4%

Performance for 2025 Q4 is -3.54%, and YTD is 2.96%, and 2024 is 10.4%.

About SCHARF INVESTMENTS, LLC and 13F Hedge Fund Stock Holdings

SCHARF INVESTMENTS, LLC is a hedge fund based in LARKSPUR, CA. On 10-Aug-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2 Billions. In it's latest 13F Holdings report, SCHARF INVESTMENTS, LLC reported an equity portfolio of $3.7 Billions as of 31 Dec, 2025.

The top stock holdings of SCHARF INVESTMENTS, LLC are EATV, MCK, MSFT. The fund has invested 7% of it's portfolio in ADVISORS SER TR and 5.9% of portfolio in MCKESSON CORP.

The fund managers got completely rid off ASTRAZENECA PLC, SONY GROUP CORP (SONY) and BANCO MACRO SA (BMA) stocks. They significantly reduced their stock positions in FISERV INC, INTERNATIONAL FLAVORS&FRAGRA (IFF) and COMCAST CORP NEW (CMCSA). SCHARF INVESTMENTS, LLC opened new stock positions in MARSH & MCLENNAN COS INC (MMC), CANADIAN NATL RY CO and CANADIAN PACIFIC KANSAS CITY (CP). The fund showed a lot of confidence in some stocks as they added substantially to META PLATFORMS INC (META), UNITEDHEALTH GROUP INC (UNH) and SPDR S&P 500 ETF TR (SPY).

SCHARF INVESTMENTS, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that SCHARF INVESTMENTS, LLC made a return of -3.54% in the last quarter. In trailing 12 months, it's portfolio return was 2.96%.

Performance
S&P 500

New Buys

Ticker	$ Bought
marsh & mclennan cos inc	66,374,900
canadian natl ry co	8,282,640
canadian pacific kansas city	4,278,210
ishares tr	3,104,620
amphenol corp new	950,575
invesco exchange traded fd t	831,754
vanguard index fds	829,066
vanguard index fds	556,546

New stocks bought by SCHARF INVESTMENTS, LLC

Additions

Ticker	% Inc.
meta platforms inc	4,086
unitedhealth group inc	399
spdr s&p 500 etf tr	194
booking holdings inc	76.04
broadcom inc	70.13
zoetis inc	65.69
otis worldwide corp	43.02
brookfield corp	33.72

Additions to existing portfolio by SCHARF INVESTMENTS, LLC

Reductions

Ticker	% Reduced
fiserv inc	-98.76
international flavors&fragra	-97.86
comcast corp new	-96.53
spdr series trust	-96.04
donaldson inc	-64.57
alphabet inc	-37.53
millerknoll inc	-32.07
salesforce inc	-25.78

SCHARF INVESTMENTS, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
sony group corp	-5,228,290
astrazeneca plc	-7,093,850
grupo financiero galicia s.a	-763,026
banco macro sa	-844,320
kilroy rlty corp	-209,687
spdr dow jones indl average	-507,795

SCHARF INVESTMENTS, LLC got rid off the above stocks

Sector Distribution

SCHARF INVESTMENTS, LLC has about 29.5% of it's holdings in Others sector.

Sector	%
Others	29.5
Healthcare	17.1
Financial Services	17.1
Industrials	11.3
Technology	10.2
Communication Services	5.4
Consumer Cyclical	3.7
Energy	3.3
Consumer Defensive	2.4

Market Cap. Distribution

SCHARF INVESTMENTS, LLC has about 69.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	49.1
UNALLOCATED	29.5
MEGA-CAP	20.7

Stocks belong to which Index?

About 64.2% of the stocks held by SCHARF INVESTMENTS, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	64.2
Others	35.8

Top 5 Winners (%)		%
QNCX	quince therapeutics inc	105.5 %
IMNM	immunome inc	83.4 %
LLY	eli lilly & co	37.7 %
GOOG	alphabet inc	27.2 %
GOOG	alphabet inc	23.4 %

Top 5 Winners ($)		$
MKL	markel group inc	17.2 M
MCK	mckesson corp	14.1 M
TMO	thermo fisher scientific inc	13.7 M
CNC	centene corp del	11.6 M
	novartis ag	10.5 M

Top 5 Losers (%)		%
	brookfield corp	-30.2 %
ORCL	oracle corp	-27.5 %
	fiserv inc	-24.3 %
UBER	uber technologies inc	-14.5 %
ETN	eaton corp plc	-14.1 %

Top 5 Losers ($)		$
	brookfield corp	-69.7 M
ORCL	oracle corp	-49.9 M
	fiserv inc	-35.4 M
OXY	occidental pete corp	-19.6 M
MSFT	microsoft corp	-13.8 M

SCHARF INVESTMENTS, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of SCHARF INVESTMENTS, LLC

SCHARF INVESTMENTS, LLC has 72 stocks in it's portfolio. About 45.7% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. MKL was the most profitable stock for SCHARF INVESTMENTS, LLC last quarter.

Last Reported on: 15 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	1.94	531,223	72,285,400	reduced	-6.44

AAPL	apple inc	0.09	12,237	3,326,750	reduced	-8.77

ADBE	adobe inc	2.10	222,911	78,021,400	reduced	-3.47

ADP	automatic data processing in	0.04	6,248	1,607,310	reduced	-12.8

AON	aon plc	1.97	208,111	73,443,600	reduced	-5.44

APD	air prods & chems inc	0.03	4,569	1,128,650	reduced	-22.73

APH	amphenol corp new	0.03	7,034	950,575	new

AVGO	broadcom inc	0.06	6,766	2,341,720	added	70.13

BIL	spdr series trust	0.00	2,196	200,658	reduced	-96.04

BKNG	booking holdings inc	3.72	25,849	138,513,000	added	76.04

BMA	banco macro sa	0.00	0.00	0.00	sold off	-100

CARG	cargurus inc	0.01	11,868	455,138	unchanged	0.00

CB	chubb limited	2.63	313,636	97,896,800	added	4.73

CMCSA	comcast corp new	0.07	85,847	2,565,950	reduced	-96.53

CME	cme group inc	2.87	391,015	106,782,000	reduced	-7.36

CNC	centene corp del	2.35	2,123,240	87,371,900	added	0.95

CP	canadian pacific kansas city	0.12	58,104	4,278,210	new

CRM	salesforce inc	0.06	8,040	2,129,910	reduced	-25.78

CSD	invesco exchange traded fd t	0.02	4,342	831,754	new

CVS	cvs health corp	0.22	103,497	8,213,480	added	2.08