Filed: 11/13/2025ACC: 0001463746-25-000002
📋 What this filing means
SCHARF INVESTMENTS, LLC filed this quarterly 13F‑HR report disclosing 69 equity positions with a total reported market value of $3.98B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
69
Positions
$3.98B
Total AUM (reported)
35.50M
Total Shares
Allocation by class
COM$2.51B63.2%
SCHARF ETF$286.86M7.2%
CL A LTD VT SH$180.32M4.5%
CL B NEW$177.42M4.5%
SPONSORED ADR$168.38M4.2%
CL A$157.27M4.0%
COM CL A$152.11M3.8%
Portfolio Concentration
Top 3$758.71M19.1%
4–10$1.17B29.3%
11–25$1.47B37.1%
Rest$578.92M14.6%
Top 3 weight
19.1%
Top 10 weight
48.4%
Voting Authority Distribution
Total shares with voting rights: 35.50M
Sole
Full voting authority
17.55M
shares
% of voting shares49.4%
Shared
Joint voting authority
992.89K
shares
% of voting shares2.8%
None
No voting authority
16.96M
shares
% of voting shares47.8%
Investment Discretion (by position count)
Sole69
Shared0
Other0
Dominant voting typeSole · 49.4% of voting shares
Institutional Holdings69
Rows:
ADVISORS SER TR
SOLEShares5.10M
TypeSH
Market value$286.86M
7.21%
Sole
3.10M
Shared
0.00
None
2M
MCKESSON CORP
SOLEShares324.73K
TypeSH
Market value$250.88M
6.31%
Sole
156.47K
Shared
12.30K
None
155.96K
MICROSOFT CORP
SOLEShares426.61K
TypeSH
Market value$220.97M
5.55%
Sole
212.94K
Shared
15.29K
None
198.37K
ORACLE CORP
SOLEShares644.65K
TypeSH
Market value$181.30M
4.56%
Sole
309.62K
Shared
23.53K
None
311.50K
BROOKFIELD CORP
SOLEShares2.63M
TypeSH
Market value$180.32M
4.53%
Sole
1.30M
Shared
97.86K
None
1.24M
BERKSHIRE HATHAWAY INC DEL
SOLEShares352.90K
TypeSH
Market value$177.42M
4.46%
Sole
163.52K
Shared
13.41K
None
175.96K
OCCIDENTAL PETE CORP
SOLEShares3.44M
TypeSH
Market value$162.52M
4.09%
Sole
1.69M
Shared
126.81K
None
1.62M
UNION PAC CORP
SOLEShares668.09K
TypeSH
Market value$157.92M
3.97%
Sole
335.46K
Shared
24.10K
None
308.53K
NOVARTIS AG
SOLEShares1.21M
TypeSH
Market value$155.29M
3.90%
Sole
602.18K
Shared
42.30K
None
566.46K
VISA INC
SOLEShares443.87K
TypeSH
Market value$151.53M
3.81%
Sole
212.23K
Shared
16.70K
None
214.95K
FISERV INC
SOLEShares1.13M
TypeSH
Market value$145.82M
3.67%
Sole
569.29K
Shared
40.77K
None
520.95K
MARKEL GROUP INC
SOLEShares75.35K
TypeSH
Market value$144.04M
3.62%
Sole
37.52K
Shared
2.69K
None
35.14K
FRANCO NEV CORP
SOLEShares597.74K
TypeSH
Market value$133.25M
3.35%
Sole
317.27K
Shared
20.20K
None
260.27K
CME GROUP INC
SOLEShares422.07K
TypeSH
Market value$114.04M
2.87%
Sole
214.32K
Shared
15.16K
None
192.59K
HERSHEY CO
SOLEShares534.02K
TypeSH
Market value$99.89M
2.51%
Sole
246.57K
Shared
18.84K
None
268.61K
ADVISORS SER TR
SOLEShares2.49M
TypeSH
Market value$99.25M
2.50%
Sole
378.26K
Shared
0.00
None
2.11M
DISNEY WALT CO
SOLEShares843.87K
TypeSH
Market value$96.62M
2.43%
Sole
429.92K
Shared
29.91K
None
384.03K
LOCKHEED MARTIN CORP
SOLEShares181.83K
TypeSH
Market value$90.78M
2.28%
Sole
79.76K
Shared
6.98K
None
95.09K
CHUBB LIMITED
SOLEShares299.48K
TypeSH
Market value$84.53M
2.13%
Sole
172.84K
Shared
9.42K
None
117.22K
ADOBE INC
SOLEShares230.93K
TypeSH
Market value$81.46M
2.05%
Sole
117.97K
Shared
8.25K
None
104.70K
BOOKING HOLDINGS INC
SOLEShares14.68K
TypeSH
Market value$79.37M
2.00%
Sole
7.31K
Shared
443.00
None
6.93K
AON PLC
SOLEShares220.09K
TypeSH
Market value$78.48M
1.97%
Sole
109.03K
Shared
8.08K
None
102.98K
COMCAST CORP NEW
SOLEShares2.48M
TypeSH
Market value$77.80M
1.96%
Sole
1.19M
Shared
91.56K
None
1.20M
CENTENE CORP DEL
SOLEShares2.10M
TypeSH
Market value$75.04M
1.89%
Sole
945.84K
Shared
83.39K
None
1.07M
SMITH & NEPHEW PLC
SOLEShares2.03M
TypeSH
Market value$73.63M
1.85%
Sole
852.15K
Shared
85.92K
None
1.09M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ADVISORS SER TRSOLE | SCHARF ETF | 5.10M | SH | $286.86M 7.21% | 3.10M | 0.00 | 2M |
MCKESSON CORPSOLE | COM | 324.73K | SH | $250.88M 6.31% | 156.47K | 12.30K | 155.96K |
MICROSOFT CORPSOLE | COM | 426.61K | SH | $220.97M 5.55% | 212.94K | 15.29K | 198.37K |
ORACLE CORPSOLE | COM | 644.65K | SH | $181.30M 4.56% | 309.62K | 23.53K | 311.50K |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 2.63M | SH | $180.32M 4.53% | 1.30M | 97.86K | 1.24M |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 352.90K | SH | $177.42M 4.46% | 163.52K | 13.41K | 175.96K |
OCCIDENTAL PETE CORPSOLE | COM | 3.44M | SH | $162.52M 4.09% | 1.69M | 126.81K | 1.62M |
UNION PAC CORPSOLE | COM | 668.09K | SH | $157.92M 3.97% | 335.46K | 24.10K | 308.53K |
NOVARTIS AGSOLE | SPONSORED ADR | 1.21M | SH | $155.29M 3.90% | 602.18K | 42.30K | 566.46K |
VISA INCSOLE | COM CL A | 443.87K | SH | $151.53M 3.81% | 212.23K | 16.70K | 214.95K |
FISERV INCSOLE | COM | 1.13M | SH | $145.82M 3.67% | 569.29K | 40.77K | 520.95K |
MARKEL GROUP INCSOLE | COM | 75.35K | SH | $144.04M 3.62% | 37.52K | 2.69K | 35.14K |
FRANCO NEV CORPSOLE | COM | 597.74K | SH | $133.25M 3.35% | 317.27K | 20.20K | 260.27K |
CME GROUP INCSOLE | COM | 422.07K | SH | $114.04M 2.87% | 214.32K | 15.16K | 192.59K |
HERSHEY COSOLE | COM | 534.02K | SH | $99.89M 2.51% | 246.57K | 18.84K | 268.61K |
ADVISORS SER TRSOLE | SCHARF GLOBAL | 2.49M | SH | $99.25M 2.50% | 378.26K | 0.00 | 2.11M |
DISNEY WALT COSOLE | COM | 843.87K | SH | $96.62M 2.43% | 429.92K | 29.91K | 384.03K |
LOCKHEED MARTIN CORPSOLE | COM | 181.83K | SH | $90.78M 2.28% | 79.76K | 6.98K | 95.09K |
CHUBB LIMITEDSOLE | COM | 299.48K | SH | $84.53M 2.13% | 172.84K | 9.42K | 117.22K |
ADOBE INCSOLE | COM | 230.93K | SH | $81.46M 2.05% | 117.97K | 8.25K | 104.70K |
BOOKING HOLDINGS INCSOLE | COM | 14.68K | SH | $79.37M 2.00% | 7.31K | 443.00 | 6.93K |
AON PLCSOLE | SHS CL A | 220.09K | SH | $78.48M 1.97% | 109.03K | 8.08K | 102.98K |
COMCAST CORP NEWSOLE | CL A | 2.48M | SH | $77.80M 1.96% | 1.19M | 91.56K | 1.20M |
CENTENE CORP DELSOLE | COM | 2.10M | SH | $75.04M 1.89% | 945.84K | 83.39K | 1.07M |
SMITH & NEPHEW PLCSOLE | SPDN ADR NEW | 2.03M | SH | $73.63M 1.85% | 852.15K | 85.92K | 1.09M |
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