SCHARF INVESTMENTS, LLC

PrivateCIK: 1463746

Location

LOS GATOS, CA

Positions

$3.03B

Total AUM (reported)

26.69M

Total Shares

Allocation by class

COM$1.91B63.1%

SCHARF ETF$238.94M7.9%

CL A$152.37M5.0%

SCHARF GLOBAL$131.05M4.3%

COM CL A$116.50M3.8%

CL A LTD VT SH$110.36M3.6%

CL B NEW$89.24M2.9%

Portfolio Concentration

Top 3$541.24M17.9%

4–10$821.32M27.1%

11–25$1.16B38.2%

Rest$507.61M16.8%

Top 3 weight

17.9%

Top 10 weight

45.0%

Voting Authority Distribution

Total shares with voting rights: 26.69M

Sole

Full voting authority

14.08M

% of voting shares52.7%

Shared

Joint voting authority

708.71K

% of voting shares2.7%

None

No voting authority

11.90M

% of voting shares44.6%

Investment Discretion (by position count)

Sole79

Shared0

Other0

Dominant voting typeSole · 52.7% of voting shares

Institutional Holdings79

Rows:

ADVISORS SER TR

SOLE

SCHARF ETF

Shares4.42M

TypeSH

Market value$238.94M

7.89%

Sole

2.77M

Shared

0.00

None

1.65M

OCCIDENTAL PETE CORP

SOLE

COM

Shares3.19M

TypeSH

Market value$154.83M

5.11%

Sole

1.72M

Shared

118.35K

None

1.35M

UNION PAC CORP

SOLE

COM

Shares542.14K

TypeSH

Market value$147.46M

4.87%

Sole

302.38K

Shared

20.29K

None

219.47K

ADVISORS SER TR

SOLE

SCHARF GLOBAL

Shares3.04M

TypeSH

Market value$131.05M

4.33%

Sole

713.39K

Shared

0.00

None

2.32M

MARKEL GROUP INC

SOLE

COM

Shares60.56K

TypeSH

Market value$118.30M

3.91%

Sole

33.93K

Shared

2.23K

None

24.40K

MICROSOFT CORP

SOLE

COM

Shares313.85K

TypeSH

Market value$117.08M

3.87%

Sole

178.60K

Shared

11.04K

None

124.21K

AMAZON COM INC

SOLE

COM

Shares484.29K

TypeSH

Market value$115.43M

3.81%

Sole

286.55K

Shared

16.91K

None

180.83K

VISA INC

SOLE

COM CL A

Shares335.99K

TypeSH

Market value$115.28M

3.81%

Sole

169.27K

Shared

13.76K

None

152.96K

MCKESSON CORP

SOLE

COM

Shares150.63K

TypeSH

Market value$113.82M

3.76%

Sole

75.34K

Shared

5.83K

None

69.46K

BROOKFIELD CORP

SOLE

CL A LTD VT SH

Shares2.59M

TypeSH

Market value$110.36M

3.65%

Sole

1.48M

Shared

92.67K

None

1.02M

CENTENE CORP DEL

SOLE

COM

Shares1.65M

TypeSH

Market value$105.95M

3.50%

Sole

857.25K

Shared

57.81K

None

735.48K

AGILENT TECHNOLOGIES INC

SOLE

COM

Shares754.16K

TypeSH

Market value$100.18M

3.31%

Sole

429.24K

Shared

26.15K

None

298.76K

FRANCO NEV CORP

SOLE

COM

Shares472.47K

TypeSH

Market value$98.48M

3.25%

Sole

255.28K

Shared

18.12K

None

199.06K

META PLATFORMS INC

SOLE

CL A

Shares170.44K

TypeSH

Market value$96.01M

3.17%

Sole

104.35K

Shared

6.80K

None

59.29K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares178.33K

TypeSH

Market value$89.24M

2.95%

Sole

72.17K

Shared

8.62K

None

97.54K

CHUBB LIMITED

SOLE

COM

Shares240.32K

TypeSH

Market value$81.89M

2.70%

Sole

136.64K

Shared

8.89K

None

94.79K

UNITEDHEALTH GROUP INC

SOLE

COM

Shares189.75K

TypeSH

Market value$78.87M

2.61%

Sole

108.72K

Shared

6.69K

None

74.35K

AON PLC

SOLE

SHS CL A

Shares226.63K

TypeSH

Market value$75.17M

2.48%

Sole

127.71K

Shared

8.29K

None

90.63K

OTIS WORLDWIDE CORP

SOLE

COM

Shares1.01M

TypeSH

Market value$72.17M

2.38%

Sole

587.54K

Shared

47.72K

None

372.74K

CME GROUP INC

SOLE

COM

Shares289.37K

TypeSH

Market value$63.90M

2.11%

Sole

141.92K

Shared

12.51K

None

134.94K

HERSHEY CO

SOLE

COM

Shares355.96K

TypeSH

Market value$62.46M

2.06%

Sole

165.27K

Shared

14.57K

None

176.13K

ADOBE INC

SOLE

COM

Shares295.12K

TypeSH

Market value$60.51M

2.00%

Sole

187.30K

Shared

12K

None

95.82K

STRYKER CORPORATION

SOLE

COM

Shares184.58K

TypeSH

Market value$58.12M

1.92%

Sole

105.87K

Shared

6.87K

None

71.83K

MARSH & MCLENNAN COS INC

SOLE

COM

Shares344.39K

TypeSH

Market value$57.40M

1.90%

Sole

210.75K

Shared

13.74K

None

119.90K

DISNEY WALT CO

SOLE

COM

Shares591.04K

TypeSH

Market value$56.89M

1.88%

Sole

323.27K

Shared

21.52K

None

246.25K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
ADVISORS SER TRSOLE	SCHARF ETF	4.42M	SH	$238.94M 7.89%	2.77M	0.00	1.65M
OCCIDENTAL PETE CORPSOLE	COM	3.19M	SH	$154.83M 5.11%	1.72M	118.35K	1.35M
UNION PAC CORPSOLE	COM	542.14K	SH	$147.46M 4.87%	302.38K	20.29K	219.47K
ADVISORS SER TRSOLE	SCHARF GLOBAL	3.04M	SH	$131.05M 4.33%	713.39K	0.00	2.32M
MARKEL GROUP INCSOLE	COM	60.56K	SH	$118.30M 3.91%	33.93K	2.23K	24.40K
MICROSOFT CORPSOLE	COM	313.85K	SH	$117.08M 3.87%	178.60K	11.04K	124.21K
AMAZON COM INCSOLE	COM	484.29K	SH	$115.43M 3.81%	286.55K	16.91K	180.83K
VISA INCSOLE	COM CL A	335.99K	SH	$115.28M 3.81%	169.27K	13.76K	152.96K
MCKESSON CORPSOLE	COM	150.63K	SH	$113.82M 3.76%	75.34K	5.83K	69.46K
BROOKFIELD CORPSOLE	CL A LTD VT SH	2.59M	SH	$110.36M 3.65%	1.48M	92.67K	1.02M
CENTENE CORP DELSOLE	COM	1.65M	SH	$105.95M 3.50%	857.25K	57.81K	735.48K
AGILENT TECHNOLOGIES INCSOLE	COM	754.16K	SH	$100.18M 3.31%	429.24K	26.15K	298.76K
FRANCO NEV CORPSOLE	COM	472.47K	SH	$98.48M 3.25%	255.28K	18.12K	199.06K
META PLATFORMS INCSOLE	CL A	170.44K	SH	$96.01M 3.17%	104.35K	6.80K	59.29K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	178.33K	SH	$89.24M 2.95%	72.17K	8.62K	97.54K
CHUBB LIMITEDSOLE	COM	240.32K	SH	$81.89M 2.70%	136.64K	8.89K	94.79K
UNITEDHEALTH GROUP INCSOLE	COM	189.75K	SH	$78.87M 2.61%	108.72K	6.69K	74.35K
AON PLCSOLE	SHS CL A	226.63K	SH	$75.17M 2.48%	127.71K	8.29K	90.63K
OTIS WORLDWIDE CORPSOLE	COM	1.01M	SH	$72.17M 2.38%	587.54K	47.72K	372.74K
CME GROUP INCSOLE	COM	289.37K	SH	$63.90M 2.11%	141.92K	12.51K	134.94K
HERSHEY COSOLE	COM	355.96K	SH	$62.46M 2.06%	165.27K	14.57K	176.13K
ADOBE INCSOLE	COM	295.12K	SH	$60.51M 2.00%	187.30K	12K	95.82K
STRYKER CORPORATIONSOLE	COM	184.58K	SH	$58.12M 1.92%	105.87K	6.87K	71.83K
MARSH & MCLENNAN COS INCSOLE	COM	344.39K	SH	$57.40M 1.90%	210.75K	13.74K	119.90K
DISNEY WALT COSOLE	COM	591.04K	SH	$56.89M 1.88%	323.27K	21.52K	246.25K

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