Scharf Investments Llc: Recent Trading Activity in Q2 2026
This report summarizes observable changes to Scharf Investments' portfolio holdings during the second quarter of 2026, based on available data.
According to filings reviewed by InsiderSet (link) for Scharf Investments Llc as of June 30, 2026, the investment strategy involved significant adjustments during this period. The portfolio saw substantial changes in holdings like AMZN and SYK, alongside reductions in positions such as OXY.
One of the most notable activities was a large increase in Amazon.com Inc (AMZN) shares. Scharf Investments acquired 466,820 additional shares (link) during Q2, representing an unprecedented +2671.97% change in the number of shares held for this major tech stock. This significant purchase pushed Amazon's allocation within Scharf's portfolio to 3.81%, indicating a strong conviction towards its performance or prospects.
Conversely, there were substantial reductions observed across several sectors. Occidental Petroleum Corp (OXY) experienced an 11.05% decrease in shares held (-396,117 shares), maintaining its allocation at approximately 5.11%. Similarly, McKesson Corp (MCK) saw a significant reduction of -32.02%, translating to the sale of around 70,951 shares over the quarter (link). These exits reflect strategic decisions by Scharf Investments.
Other significant buying activity was noted in several other stocks. The investor purchased a substantial number of shares in Stryker Corporation (SYK), adding 179,071 shares (link) for an overall +3252.88% increase from the previous period. This pushed SYK's allocation to about 1.92%. Furthermore, purchases were made in Novartis AG (NVS), Otis Worldwide Corp (OTIS), and ZOETIS Inc (ZTS) (link), although the specific percentage changes for these last two are not provided in the changed holdings data.
Scharf Investments also initiated new positions or increased minor holdings. For instance, the investor purchased all 374,792 shares of Smith & Wesson Corp (AOS) (link) during Q2, resulting in a +100% change and establishing an allocation of roughly 0.78%. Other additions include holdings like SPDR Series Trust (BIL), albeit with significant subsequent reductions.
In summary, Scharf Investments' portfolio adjustments in the second quarter involved both major acquisitions and strategic divestments across various sectors including Technology, Healthcare, Energy, and Industrials. The investor demonstrated a clear preference for certain companies while exiting others, resulting in changes to 73 holdings during this period.