UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
---------------------------------
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Scharf Investments
----------------------------------------------------------------------
Address: 641 Escalona Drive
----------------------------------------------------------------------
Santa Cruz, California 95060
----------------------------------------------------------------------
Form 13F File Number: 28-
--------------------
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeffrey R. Scharf
----------------------------------------------------------------------
Title: President
----------------------------------------------------------------------
Phone: 831-429-6513
----------------------------------------------------------------------
Signature, Place, and Date of Signing:
/s/ Jeffrey R. Scharf Santa Cruz, California 5/3/99
- ---------------------------------- ------------------------------- ----------
[Signature] [City, State] [Date]
Report type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager (s).)
[ ] 13F COMBINATION REPORT. (Check here is a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
---------------------- -------------------------------------------------
28-
---------------------- -------------------------------------------------
28-
---------------------- -------------------------------------------------
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-------------------
Form 13F Information Table Entry Total: 39
-------------------
Form 13F Information Table Value Total: $165,554,290
-------------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
<PAGE>
Form 13F INFORMATIONAL TABLE
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
- ----------------------- -------------- --------- ---------- -------- ------------------- ------------------ --------------------
NAME OF ISSUER TITLE OF CLASS CUSIP FAIR SHARES OR INVESTMENT MANAGERS VOTING AUTHORITY
NUMBER MARKET PRINCIPAL DISCRETION ----- ------ -------
VALUE AMOUNT ------- ----- ------ (A) (B) (C)
(A) (B) (C) SOLE SHARED NONE
SHARED
SOLE SHARED OTHER
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
<S> <C> <C> <C> <C> <C> <C> <C>
AMERICAN INT'L GROUP COM 026874107 8,120,361 67,319 67,319 Scharf Investments 67,319
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
AMGEN COM 031162100 13,281,328 177,380 177,380 Scharf Investments 177,380
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
BANK ONE COM 059438101 5,014,982 91,078 91,078 Scharf Investments 91,078
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
8% SER
BEAZER HOMES CV. PREF. A CV PFD 07556Q204 272,649 9,630 9,630 Scharf Investments 9,630
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
BERKSHIRE HATHAWAY A COM 084670108 785,400 11 11 Scharf Investments 11
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
BERKSHIRE HATHAWAY B COM 084670207 4,015,558 1,708 1,708 Scharf Investments 1,708
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
CANADIAN NAT'L RAILWAY COM 136375102 6,904,954 124,134 124,134 Scharf Investments 124,134
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
CANADIAN PACIFIC COM 135923100 4,485,623 229,297 229,297 Scharf Investments 229,297
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
CAPITAL RE COM 140432105 999,327 57,932 57,932 Scharf Investments 57,932
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
DE BEERS ADR 240253302 3,073,746 162,310 162,310 Scharf Investments 162,310
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
DONNELLEY (RR) & SONS COM 257867101 1,616,456 50,220 50,220 Scharf Investments 50,220
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
EASTMAN KODAK COM 277461109 842,511 13,190 13,190 Scharf Investments 13,190
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
FANNIE MAE COM 313586109 6,709,840 96,893 96,893 Scharf Investments 96,893
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
FIRST DATA CORP. COM 319963104 8,152,211 190,695 190,695 Scharf Investments 190,695
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
FREDDIE MAC COM 313400301 6,289,245 109,736 109,736 Scharf Investments 109,736
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
GANNETT COM 364730101 4,762,397 75,594 75,594 Scharf Investments 75,594
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
GENUINE PARTS COM 372460105 3,459,200 120,059 120,059 Scharf Investments 120,059
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
GRAINGER (W.W.) COM 384802104 1,025,103 23,805 23,805 Scharf Investments 23,805
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
INTEL CORP. COM 458140100 7,939,661 66,790 66,790 Scharf Investments 66,790
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
INT'L BUSINESS MACHINES COM 459200101 10,009,308 56,470 56,470 Scharf Investments 56,470
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
JOHNSON CONTROLS COM 478366107 1,891,210 30,320 30,320 Scharf Investments 30,320
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
KNIGHT RIDDER COM 499040103 2,870,750 57,415 57,415 Scharf Investments 57,415
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
LEAR CORP. COM 521865105 342,781 8,030 8,030 Scharf Investments 8,030
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
MASCO COM 574599106 5,722,744 202,575 202,575 Scharf Investments 202,575
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
MERCK COM 589331107 946,116 11,808 11,808 Scharf Investments 11,808
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
MICROSOFT COM 594918104 10,035,311 111,970 111,970 Scharf Investments 111,970
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
MORGAN STANLEY/DN WITTER COM 617446448 9,267,604 92,734 92,734 Scharf Investments 92,734
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
NATIONS BALANCED FUND COM 63857K107 386,100 42,900 42,900 Scharf Investments 42,900
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
PFD EXCH
NATL ASTRLIA BNK CV UNITS CAP UNITS 632525309 272,419 8,700 8,700 Scharf Investments 8,700
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
NEW PLAN EXCEL REALTY COM 648059103 4,529,267 236,053 236,053 Scharf Investments 236,053
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
NEWELL RUBBERMAID COM 651229106 268,138 5,645 5,645 Scharf Investments 5,645
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
PFIZER COM 717081103 4,664,775 33,620 33,620 Scharf Investments 33,620
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
SALOMON NIKKEI CV BOND MITTS 79549B628 1,540,670 170,005 170,005 Scharf Investments 170,005
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
STRYKER CORP. COM 863667101 1,148,462 22,770 22,770 Scharf Investments 22,770
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
SYSCO CORP. COM 871829107 5,867,161 222,980 222,980 Scharf Investments 222,980
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
THOMAS AND BETTS COM 884315102 4,092,247 108,945 108,945 Scharf Investments 108,945
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
TRIBUNE COMPANY COM 896047107 666,808 10,190 10,190 Scharf Investments 10,190
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
WAL-MART STORES COM 931142103 10,937,125 118,640 118,640 Scharf Investments 118,640
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
WASHINGTON MUTUAL COM 939322103 2,344,794 57,365 57,365 Scharf Investments 57,365
- ----------------------- ------------- --------- ---------- -------- ------- ----- ------ ------------------ ----- ------ -------
</TABLE>
