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Livermore
Livermore
ZHEN

Scharf Investments, LLC

SEC CIK
0001463746
Latest filing
Jul 10, 2026

The latest 13F from Scharf Investments, LLC covers Q2 2026 (filed Jul 10, 2026): 79 long positions worth $3.03B. The top 10 holdings make up 45.0% of the portfolio, and the largest is Advisors Ser Tr at 7.9%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
14
Est. +$39.9M
Added
11
Est. +$235.6M
Reduced
53
Est. −$518.2M
Sold out
5
Est. −$7.95M

Top 5 holdings

Share of this quarter's portfolio value

  1. Advisors Ser Tr00770X220
    7.9%$238.9M
  2. OXYOccidental Petroleum Corp
    5.1%$154.8MHistory
  3. UNPUnion Pacific Corp
    4.9%$147.5MHistory
  4. Advisors Ser Tr00770X212
    4.3%$131.1M
  5. MKLMarkel Group Inc.
    3.9%$118.3MHistory

Share of portfolio

Top 5 holdings and the other 74 positions, by share of portfolio value

  1. Advisors Ser Tr7.9%
  2. OXY5.1%
  3. UNP4.9%
  4. Advisors Ser Tr4.3%
  5. MKL3.9%
  6. Other 74 positions73.9%

Biggest buys

New and added positions, by estimated amount bought

  1. AMZNAmazon Com Inc
    +$111.3MAddedHistory
  2. SYKStryker Corp
    +$56.4MAddedHistory
  3. NVDANVIDIA Corp
    +$36.5MAddedHistory
  4. AOSSmith A O Corp
    +$23.5MNewHistory
  5. Advisors Ser Tr00770X212
    +$9.05MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AMZNAmazon Com Inc
    +3.70 pp0.1% → 3.8%History
  2. SYKStryker Corp
    +1.86 pp0.1% → 1.9%History
  3. NVDANVIDIA Corp
    +1.24 pp0.1% → 1.4%History
  4. UNHUnitedHealth Group Inc
    +1.15 pp1.5% → 2.6%History
  5. AOSSmith A O Corp
    +0.78 pp0.0% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BKNGBooking Holdings Inc.
    −$110.1MReducedConverted for a 25-for-1 splitHistory
  2. MCKMcKesson Corp
    −$53.6MReducedHistory
  3. NVSNovartis AG
    −$43.6MReducedHistory
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$32.3MReduced
  5. BRK.BBerkshire Hathaway Inc
    −$26.5MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MCKMcKesson Corp
    −2.15 pp5.9% → 3.8%History
  2. OXYOccidental Petroleum Corp
    −2.06 pp7.2% → 5.1%History
  3. BKNGBooking Holdings Inc.
    −1.70 pp1.8% → 0.1%History
  4. ZTSZoetis Inc.
    −1.31 pp3.1% → 1.7%History
  5. NVSNovartis AG
    −1.16 pp2.8% → 1.6%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.03B
−$217.4M (−6.7%) vs. prior quarter
Positions
79
+9 vs. prior quarter
Top 10 concentration
45.0%
Top 10 as share of value
Turnover
8.8%
Q2 2026, one quarter
Average holding period
11.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.98B (Q3 2025)

Q1 2021: $2.89BQ2 2021: $3.29BQ3 2021: $3.17BQ4 2021: $3.37BQ1 2022: $3.37BQ2 2022: $2.93BQ3 2022: $2.65BQ4 2022: $3.06BQ1 2023: $3.17BQ2 2023: $3.33BQ3 2023: $3.35BQ4 2023: $3.65BQ1 2024: $3.69BQ2 2024: $3.51BQ3 2024: $3.63BQ4 2024: $3.37BQ1 2025: $3.31BQ2 2025: $3.47BQ3 2025: $3.98BQ4 2025: $3.72BQ1 2026: $3.24BQ2 2026: $3.03B
Q1 2021Q2 2026
13F filings of Scharf Investments, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 202679$3.03BAdvisors Ser TrOXYUNPvs. Q1 2026SEC
Q1 2026Apr 13, 202670$3.24BAdvisors Ser TrOXYMCKvs. Q4 2025SEC
Q4 2025Jan 15, 202672$3.72BAdvisors Ser TrMCKMSFTvs. Q3 2025SEC
Q3 2025Nov 13, 202569$3.98BAdvisors Ser TrMCKMSFTvs. Q2 2025SEC
Q2 2025Jul 14, 202566$3.47BMCKMSFTBRK.Bvs. Q1 2025SEC
Q1 2025Apr 23, 202569$3.31BMCKFISVBRK.Bvs. Q4 2024SEC
Q4 2024Jan 24, 202569$3.37BFISVBNMCKvs. Q3 2024SEC
Q3 2024Oct 16, 202468$3.63BFISVBNBRK.Bvs. Q2 2024SEC
Q2 2024Jul 23, 202458$3.51BMCKMSFTFISVvs. Q1 2024SEC
Q1 2024Apr 16, 202461$3.69BMCKBRK.BFISVvs. Q4 2023SEC
Q4 2023Jan 12, 202460$3.65BMCKCMCSABRK.Bvs. Q3 2023SEC
Q3 2023Oct 13, 202349$3.35BBRK.BMCKCMCSAvs. Q2 2023SEC
Q2 2023Jul 24, 202351$3.33BMCKBRK.BMSFTvs. Q1 2023SEC
Q1 2023Apr 14, 202348$3.17BMCKBRK.BMSFTvs. Q4 2022SEC
Q4 2022Feb 6, 202351$3.06BMCKBRK.BCVSvs. Q3 2022SEC
Q3 2022Oct 25, 202250$2.65BMCKBRK.BCVSvs. Q2 2022SEC
Q2 2022Jul 19, 202249$2.93BMCKMSFTBRK.Bvs. Q1 2022SEC
Q1 2022Apr 13, 202249$3.37BMSFTBRK.BMCKvs. Q4 2021SEC
Q4 2021Jan 20, 2022Amended52$3.37BMSFTBRK.BMCKvs. Q3 2021SEC
Q3 2021Oct 14, 202148$3.17BMSFTBRK.BAAPvs. Q2 2021SEC
Q2 2021Jul 16, 202149$3.29BMSFTBRK.BCMCSAvs. Q1 2021SEC
Q1 2021Apr 14, 202150$2.89BMSFTBRK.BCMCSA–SEC

13D and 13G filings

Companies where Scharf Investments, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Scharf Investments, LLC does not currently report owning 5% or more of any company.

Latest filings

3 filings on file made by Scharf Investments, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Scharf Investments, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
MLKNMillerknoll, Inc.Jan 19, 202413GOld format–––SEC
MLKNMillerknoll, Inc.Feb 6, 202313GOld format–New–SEC
GDLGDL FundJan 20, 202113G/AOld format–––SEC