Filed: 7/14/2025ACC: 0001085146-25-003788
📋 What this filing means
SCHARF INVESTMENTS, LLC filed this quarterly 13F‑HR report disclosing 66 equity positions with a total reported market value of $3.47B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
66
Positions
$3.47B
Total AUM (reported)
26.97M
Total Shares
Allocation by class
COM$2.37B68.3%
CL B NEW$212.15M6.1%
CL A LTD VT SH$174.61M5.0%
COM CL A$169.18M4.9%
SPONSORED ADR$155.46M4.5%
CL A$101.42M2.9%
SHS CL A$81.87M2.4%
Portfolio Concentration
Top 3$688.82M19.8%
4–10$1.21B34.9%
11–25$1.39B39.9%
Rest$186.09M5.4%
Top 3 weight
19.8%
Top 10 weight
54.7%
Voting Authority Distribution
Total shares with voting rights: 26.97M
Sole
Full voting authority
11.73M
shares
% of voting shares43.5%
Shared
Joint voting authority
1M
shares
% of voting shares3.7%
None
No voting authority
14.23M
shares
% of voting shares52.8%
Investment Discretion (by position count)
Sole66
Shared0
Other0
Dominant voting typeNone · 52.8% of voting shares
Institutional Holdings66
Rows:
MCKESSON CORP
SOLEShares348.43K
TypeSH
Market value$255.33M
7.35%
Sole
154.29K
Shared
12.26K
None
181.88K
MICROSOFT CORP
SOLEShares444.96K
TypeSH
Market value$221.33M
6.37%
Sole
202.43K
Shared
15.23K
None
227.29K
BERKSHIRE HATHAWAY INC DEL
SOLEShares436.72K
TypeSH
Market value$212.15M
6.11%
Sole
190.57K
Shared
15.34K
None
230.81K
FISERV INC
SOLEShares1.16M
TypeSH
Market value$199.30M
5.74%
Sole
508.73K
Shared
40.51K
None
606.72K
ORACLE CORP
SOLEShares883.27K
TypeSH
Market value$193.11M
5.56%
Sole
384.24K
Shared
30.53K
None
468.50K
MARKEL GROUP INC
SOLEShares87.98K
TypeSH
Market value$175.76M
5.06%
Sole
38.13K
Shared
3.19K
None
46.66K
BROOKFIELD CORP
SOLEShares2.82M
TypeSH
Market value$174.61M
5.03%
Sole
1.26M
Shared
97.06K
None
1.47M
VISA INC
SOLEShares474.83K
TypeSH
Market value$168.59M
4.86%
Sole
209.44K
Shared
16.67K
None
248.72K
NOVARTIS AG
SOLEShares1.26M
TypeSH
Market value$152.77M
4.40%
Sole
563.33K
Shared
42.08K
None
657.03K
OCCIDENTAL PETE CORP
SOLEShares3.48M
TypeSH
Market value$146.23M
4.21%
Sole
1.64M
Shared
125.72K
None
1.71M
AIR PRODS & CHEMS INC
SOLEShares506.60K
TypeSH
Market value$142.90M
4.12%
Sole
225.26K
Shared
17.84K
None
263.50K
CME GROUP INC
SOLEShares440.23K
TypeSH
Market value$121.34M
3.49%
Sole
198.88K
Shared
15.12K
None
226.23K
CENTENE CORP DEL
SOLEShares2.01M
TypeSH
Market value$109.31M
3.15%
Sole
895.70K
Shared
82.98K
None
1.04M
DISNEY WALT CO
SOLEShares840.27K
TypeSH
Market value$104.20M
3.00%
Sole
362.37K
Shared
29.59K
None
448.30K
COMCAST CORP NEW
SOLEShares2.64M
TypeSH
Market value$94.29M
2.72%
Sole
1.20M
Shared
90.69K
None
1.36M
ADOBE INC
SOLEShares236.96K
TypeSH
Market value$91.68M
2.64%
Sole
105.41K
Shared
8.01K
None
123.53K
BOOKING HOLDINGS INC
SOLEShares15.69K
TypeSH
Market value$90.90M
2.62%
Sole
7.15K
Shared
425.00
None
8.11K
HERSHEY CO
SOLEShares545.86K
TypeSH
Market value$90.59M
2.61%
Sole
232.36K
Shared
18.36K
None
295.14K
LOCKHEED MARTIN CORP
SOLEShares194.31K
TypeSH
Market value$90.00M
2.59%
Sole
80.84K
Shared
6.97K
None
106.50K
AON PLC
SOLEShares229.45K
TypeSH
Market value$81.87M
2.36%
Sole
101.23K
Shared
8.06K
None
120.16K
U HAUL HOLDING COMPANY
SOLEShares1.45M
TypeSH
Market value$81.69M
2.35%
Sole
665.94K
Shared
53.71K
None
729.65K
FRANCO NEV CORP
SOLEShares478.93K
TypeSH
Market value$78.51M
2.26%
Sole
225.17K
Shared
13.84K
None
239.93K
UNION PAC CORP
SOLEShares329.81K
TypeSH
Market value$75.89M
2.19%
Sole
144.07K
Shared
11.54K
None
174.20K
SPDR SERIES TRUST
SOLEShares760.22K
TypeSH
Market value$69.74M
2.01%
Sole
0.00
Shared
82.59K
None
677.63K
SMITH & NEPHEW PLC
SOLEShares2.08M
TypeSH
Market value$63.82M
1.84%
Sole
717.03K
Shared
85.68K
None
1.28M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MCKESSON CORPSOLE | COM | 348.43K | SH | $255.33M 7.35% | 154.29K | 12.26K | 181.88K |
MICROSOFT CORPSOLE | COM | 444.96K | SH | $221.33M 6.37% | 202.43K | 15.23K | 227.29K |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 436.72K | SH | $212.15M 6.11% | 190.57K | 15.34K | 230.81K |
FISERV INCSOLE | COM | 1.16M | SH | $199.30M 5.74% | 508.73K | 40.51K | 606.72K |
ORACLE CORPSOLE | COM | 883.27K | SH | $193.11M 5.56% | 384.24K | 30.53K | 468.50K |
MARKEL GROUP INCSOLE | COM | 87.98K | SH | $175.76M 5.06% | 38.13K | 3.19K | 46.66K |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 2.82M | SH | $174.61M 5.03% | 1.26M | 97.06K | 1.47M |
VISA INCSOLE | COM CL A | 474.83K | SH | $168.59M 4.86% | 209.44K | 16.67K | 248.72K |
NOVARTIS AGSOLE | SPONSORED ADR | 1.26M | SH | $152.77M 4.40% | 563.33K | 42.08K | 657.03K |
OCCIDENTAL PETE CORPSOLE | COM | 3.48M | SH | $146.23M 4.21% | 1.64M | 125.72K | 1.71M |
AIR PRODS & CHEMS INCSOLE | COM | 506.60K | SH | $142.90M 4.12% | 225.26K | 17.84K | 263.50K |
CME GROUP INCSOLE | COM | 440.23K | SH | $121.34M 3.49% | 198.88K | 15.12K | 226.23K |
CENTENE CORP DELSOLE | COM | 2.01M | SH | $109.31M 3.15% | 895.70K | 82.98K | 1.04M |
DISNEY WALT COSOLE | COM | 840.27K | SH | $104.20M 3.00% | 362.37K | 29.59K | 448.30K |
COMCAST CORP NEWSOLE | CL A | 2.64M | SH | $94.29M 2.72% | 1.20M | 90.69K | 1.36M |
ADOBE INCSOLE | COM | 236.96K | SH | $91.68M 2.64% | 105.41K | 8.01K | 123.53K |
BOOKING HOLDINGS INCSOLE | COM | 15.69K | SH | $90.90M 2.62% | 7.15K | 425.00 | 8.11K |
HERSHEY COSOLE | COM | 545.86K | SH | $90.59M 2.61% | 232.36K | 18.36K | 295.14K |
LOCKHEED MARTIN CORPSOLE | COM | 194.31K | SH | $90.00M 2.59% | 80.84K | 6.97K | 106.50K |
AON PLCSOLE | SHS CL A | 229.45K | SH | $81.87M 2.36% | 101.23K | 8.06K | 120.16K |
U HAUL HOLDING COMPANYSOLE | COM | 1.45M | SH | $81.69M 2.35% | 665.94K | 53.71K | 729.65K |
FRANCO NEV CORPSOLE | COM | 478.93K | SH | $78.51M 2.26% | 225.17K | 13.84K | 239.93K |
UNION PAC CORPSOLE | COM | 329.81K | SH | $75.89M 2.19% | 144.07K | 11.54K | 174.20K |
SPDR SERIES TRUSTSOLE | BLOOMBERG 1-3 MO | 760.22K | SH | $69.74M 2.01% | 0.00 | 82.59K | 677.63K |
SMITH & NEPHEW PLCSOLE | SPDN ADR NEW | 2.08M | SH | $63.82M 1.84% | 717.03K | 85.68K | 1.28M |
Page 1 of 3