Schwartz Investment Counsel Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Schwartz Investment Counsel Inc. reported 140 stock positions worth $2.7 billion. Its top holding was Mastercard Class A (MA) at 4.3% of the portfolio, followed by Texas Pacific Land (TPL, 4.2%) and Copart (CPRT, 3.3%). Compared with Q4 2023, it opened 8 new positions, sold out of 6, added to 18 and reduced 17. The biggest buy was Diamondback Energy (FANG, shares +149%) and the biggest sale Pioneer Natural Resources (PXD, shares −75%).

Most Recent 13F
Q2 2026
Location
PLYMOUTH, MI
CIK
0000909151
Portfolio Value
$2.7B (Q1 2024)
SEC Filing
0001398344-24-008876 ↗ filed May 7, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.7B $2.7B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $2.8B Q3 2024 Q4 2024: $2.8B Q4 2024 Q1 2025: $2.9B Q1 2025 Q2 2025: $3.0B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $2.9B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 140 stocks · $2.7B
MA Mastercard Inc. Class A 4.27% 243,324 $117.2M No change
TPL Texas Pacific Land Corp. 4.18% 198,354 $114.7M Reduce -1.1%
CPRT Copart Inc. 3.32% 1,574,900 $91.2M Add +0.2%
TXN Texas Instruments Inc. 3.19% 502,290 $87.5M Add +14.9%
APG Api Group Corp. 2.98% 2,083,209 $81.8M No change
ACN Accenture PLC Class A 2.89% 229,050 $79.4M No change
CHE Chemed Corp. 2.76% 117,990 $75.7M Reduce -1.8%
BR Broadridge Financial Solutio 2.76% 369,350 $75.7M Reduce -1.4%
LOW Lowe's Cos Inc. 2.74% 295,400 $75.2M No change
HEI.A Heico Corp. Class A 2.67% 476,497 $73.4M No change
SPGI S&P Global Inc. 2.52% 162,400 $69.1M No change
ROP Roper Technologies Inc. 2.30% 112,700 $63.2M No change
ORLY O'reilly Automotive Inc. 2.10% 51,000 $57.6M No change
NVDA Nvidia Corp. 2.04% 62,000 $56.0M No change
FANG Diamondback Energy Inc. 2.03% 281,200 $55.7M Add +148.6%
SBAC SBA Communications Corp. 1.97% 249,000 $54.0M No change
ANSS Ansys Inc. 1.91% 151,082 $52.4M No change
MCO Moody's Corp. 1.85% 129,225 $50.8M No change
CB Chubb Ltd. 1.75% 185,150 $48.0M No change
ATR Aptargroup Inc. 1.70% 325,000 $46.8M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 1.69% 266,350 $46.3M No change
BRO Brown & Brown Inc. 1.66% 519,150 $45.4M No change
IQV Iqvia Holdings Inc. 1.65% 178,690 $45.2M No change
FNF Fidelity National Financial 1.64% 850,000 $45.1M No change
TFC Truist Financial Corp. 1.52% 1,073,295 $41.8M No change
LMT Lockheed Martin Corp. 1.49% 90,000 $40.9M No change
VVV Valvoline Inc. 1.46% 900,500 $40.1M No change
CCEP Coca-Cola Europacific Partne 1.45% 569,500 $39.8M No change
CVX Chevron Corp. 1.45% 252,267 $39.8M Reduce -3.1%
FAST Fastenal Co. 1.42% 507,000 $39.1M No change
CSL Carlisle Cos Inc. 1.36% 95,500 $37.4M No change
GPC Genuine Parts Co. 1.36% 240,500 $37.3M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.12% 303,450 $30.8M No change
SLAB Silicon Laboratories Inc. 1.02% 195,000 $28.0M No change
SSNC Ss&c Technologies Holdings 1.00% 425,000 $27.4M No change
AOS Smith (a.o.) Corp. 0.99% 305,133 $27.3M No change
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.98% 303,200 $26.9M Reduce -21.1%
BN Brookfield Corp. 0.97% 637,720 $26.7M No change
BL Blackline Inc. 0.96% 410,000 $26.5M Reduce -19.6%
WSO Watsco Inc. 0.88% 56,000 $24.2M No change
BAM Brookfield Asset Mgmt-A 0.86% 561,628 $23.6M No change
TSCO Tractor Supply Company 0.76% 79,500 $20.8M No change
VRRM Verra Mobility Corp. 0.71% 785,000 $19.6M Reduce -40.1%
INTC Intel Corp. 0.71% 440,000 $19.4M Reduce -40.5%
XPEL Xpel Inc. 0.69% 350,000 $18.9M New
PXD Pioneer Natural Resources Co. 0.68% 71,360 $18.7M Reduce -75.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.65% 323,800 $17.7M No change
MIR Mirion Technologies Inc. 0.62% 1,499,300 $17.0M Add +0.6%
CDW CDW Corp. 0.62% 66,250 $16.9M No change
JOE The St Joe Co. 0.57% 268,400 $15.6M No change
MKC McCormick & Co.-Non VTG SHRS 0.56% 200,000 $15.4M New
COP Conocophillips 0.55% 119,000 $15.1M No change
ICE Intercontinental Exchange Inc. 0.55% 109,800 $15.1M No change
BKNG Booking Holdings Inc. 0.53% 4,000 $14.5M No change
HIFS Hingham Institution for SVGS 0.52% 81,087 $14.1M No change
BATRK Atlanta Braves Holdings in-C 0.50% 350,786 $13.7M Add +196.0%
HAE Haemonetics Corp. 0.47% 151,000 $12.9M Add +26.9%
DGX Quest Diagnostics Inc. 0.47% 96,066 $12.8M No change
OXY Occidental Petroleum Corp. 0.45% 191,430 $12.4M No change
FNV Franco-Nevada Corp. 0.45% 104,200 $12.4M Add +11.2%
XOM Exxon Mobil Corp. 0.44% 104,850 $12.2M No change
PBT Permian Basin Royalty Trust 0.43% 981,669 $11.8M Add +22.1%
SNX TD Synnex Corp. 0.42% 102,500 $11.6M No change
SIMO Silicon Motion Technol-ADR 0.42% 150,000 $11.5M New
ALC Alcon Inc. filed as ALCON AG 0.42% 137,483 $11.5M No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.41% 294,250 $11.3M Add +25.6%
AWI Armstrong World Industries 0.41% 90,000 $11.2M Reduce -18.2%
LHX L3HARRIS Technologies Inc. 0.40% 51,000 $10.9M New
WPM Wheaton Precious Metals Corp. 0.39% 230,000 $10.8M Add +1.1%
SITM Sitime Corp. 0.37% 110,045 $10.3M No change
ALLE Allegion PLC 0.37% 76,000 $10.2M No change
WINA Winmark Corp. 0.35% 26,600 $9.6M No change
DBRG Digitalbridge Group Inc. 0.33% 471,341 $9.1M No change
OTIS Otis Worldwide Corp. 0.31% 85,000 $8.4M No change
CME Cme Group Inc. 0.28% 35,100 $7.6M No change
GFL GFL Environmental Inc.-Sub VT 0.25% 199,122 $6.9M Reduce -14.8%
UHAL.B U-Haul Holding Co.-Non Voting 0.24% 97,200 $6.5M No change
THO Thor Industries Inc. 0.24% 55,100 $6.5M Reduce -64.5%
ETN Eaton Corp. PLC 0.21% 18,831 $5.9M No change
GLD SPDR Gold Shares 0.18% 24,344 $5.0M No change
DSGR Distribution Solutions Group 0.16% 126,000 $4.5M New
STNE Stoneco Ltd. Class A 0.16% 267,700 $4.4M No change
UPS United Parcel Service Class B 0.14% 26,482 $3.9M No change
FG F&G Annuities & Life Inc. 0.14% 96,384 $3.9M No change
MKL Markel Group Inc. 0.14% 2,485 $3.8M Reduce -49.1%
APO Apollo Global Management Inc. 0.13% 32,628 $3.7M Reduce -4.4%
STVN Stevanato Group SPA 0.13% 112,481 $3.6M No change
BNT Brookfield Reins Ltd. 0.13% 86,220 $3.6M No change
SN Sharkninja Inc. 0.12% 50,700 $3.2M Add +2.0%
MDT Medtronic PLC 0.11% 34,400 $3.0M No change
TSM Taiwan Semiconductor-SP ADR 0.11% 21,250 $2.9M No change
HDB HDFC Bank Ltd.-ADR 0.10% 47,150 $2.6M Add +4.0%
TEL Te Connectivity Ltd. 0.10% 18,050 $2.6M No change
IMXI International Money Express 0.09% 107,500 $2.5M Add +17.6%
SPNS Sapiens International Corp. 0.08% 71,452 $2.3M Add +21.0%
GSM Ferroglobe PLC 0.08% 447,481 $2.2M Add +6.7%
HES Hess Corp. 0.08% 14,100 $2.2M No change
FWRG First Watch Restaurant Group 0.07% 82,524 $2.0M Reduce -18.6%
GPRE Green Plains Inc. 0.07% 85,587 $2.0M Add +31.5%
MAS Masco Corp. 0.07% 24,800 $2.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.06% 4,215 $1.8M Reduce -2.3%
DVN Devon Energy Corp. 0.06% 32,200 $1.6M No change
INMD Inmode Ltd. 0.06% 69,900 $1.5M Add +6.9%
MSFT Microsoft Corp. 0.05% 3,350 $1.4M No change
BSV Vanguard Short-Term Bond ETF 0.05% 17,500 $1.3M No change
KARO Karooooo Ltd. 0.05% 51,685 $1.3M No change
BRK.A Berkshire Hathaway Inc. Class A 0.05% 2 $1.3M No change
FSV Firstservice Corp. 0.05% 7,500 $1.2M No change
LUCK Lucky Strike Entertainment C filed as BOWLERO CORP 0.04% 89,700 $1.2M No change
MSGS Madison Square Garden Sports 0.04% 6,400 $1.2M No change
AAPL Apple Inc. 0.04% 6,200 $1.1M No change
CNI Canadian Natl Railway Co. 0.04% 8,000 $1.1M No change
ROST Ross Stores Inc. 0.03% 5,700 $837K No change
SYK Stryker Corp. 0.03% 2,042 $731K No change
PAAS Pan American Silver Corp. 0.03% 45,500 $686K Reduce -19.5%
SHOP Shopify Inc. Class A 0.02% 8,000 $617K No change
PYPL PayPal Holdings Inc. 0.02% 9,000 $603K No change
ULTA Ulta Beauty Inc. 0.02% 1,124 $588K No change
PHM Pultegroup Inc. 0.02% 4,650 $561K No change
FDX FedEx Corp. 0.02% 1,900 $551K No change
VWO Vanguard Ftse Emerging Marke 0.02% 12,722 $531K Add +0.1%
BLDR Builders Firstsource Inc. 0.02% 2,400 $501K No change
KR Kroger Co. 0.02% 8,000 $457K No change
INFL Horizon Kinetics Infl Benef 0.02% 14,000 $456K No change
GDX Vaneck Gold Miners ETF 0.02% 14,150 $447K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 1,000 $418K No change
V Visa Inc. Class A 0.01% 1,470 $410K No change
JNJ Johnson & Johnson 0.01% 2,463 $390K No change
REGN Regeneron Pharmaceuticals 0.01% 400 $385K No change
NSC Norfolk Southern Corp. 0.01% 1,359 $346K No change
EQIX Equinix Inc. 0.01% 405 $334K No change
GGG Graco Inc. 0.01% 3,424 $320K No change
WDAY Workday Inc. Class A 0.01% 925 $252K No change
PAYX Paychex Inc. 0.01% 1,879 $231K No change
EMR Emerson Electric Co. 0.01% 2,000 $227K New
DE Deere & Co. 0.01% 550 $226K No change
QCOM Qualcomm Inc. 0.01% 1,332 $226K New
GD General Dynamics Corp. 0.01% 798 $225K No change
MMM 3M Co. 0.01% 2,000 $212K No change
WAT Waters Corp. 0.01% 600 $207K New

Portfolio Sells Q4 2023 → Q1 2024
PXD Pioneer Natural Resources Co. Reduce -75.1% 0.68% −1.83
INTC Intel Corp. Reduce -40.5% 0.71% −0.74
THO Thor Industries Inc. Reduce -64.5% 0.24% −0.48
VRRM Verra Mobility Corp. Reduce -40.1% 0.71% −0.46
AMD Advanced Micro Devices Sold out 0.00% −0.46
BL Blackline Inc. Reduce -19.6% 0.96% −0.28
BR Broadridge Financial Solutio Reduce -1.4% 2.76% −0.25
EXE Expand Energy Corp. Reduce -21.1% 0.98% −0.17
MKL Markel Group Inc. Reduce -49.1% 0.14% −0.13
OEC Orion SA Sold out 0.00% −0.13
CVX Chevron Corp. Reduce -3.1% 1.45% −0.07
GFL GFL Environmental Inc.-Sub VT Reduce -14.8% 0.25% −0.06
B Barrick Gold Corp. Sold out 0.00% −0.02
AWI Armstrong World Industries Reduce -18.2% 0.41% −0.01
PAAS Pan American Silver Corp. Reduce -19.5% 0.03% −0.01
GDXJ Vaneck Junior Gold Miners Sold out 0.00% −0.01
BF.B Brown-Forman Corp. Class B Sold out 0.00% −0.01
FWRG First Watch Restaurant Group Reduce -18.6% 0.07% −0.01
PRPL Purple Innovation Inc. Sold out 0.00% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.3% 0.06% +0.00
APO Apollo Global Management Inc. Reduce -4.4% 0.13% +0.01
CHE Chemed Corp. Reduce -1.8% 2.76% +0.02
TPL Texas Pacific Land Corp. Reduce -1.1% 4.18% +0.08

Portfolio Buys Q4 2023 → Q1 2024
FANG Diamondback Energy Inc. Add +148.6% 2.03% +1.34
XPEL Xpel Inc. New 0.69% +0.69
MKC McCormick & Co.-Non VTG SHRS New 0.56% +0.56
SIMO Silicon Motion Technol-ADR New 0.42% +0.42
LHX L3HARRIS Technologies Inc. New 0.40% +0.40
BATRK Atlanta Braves Holdings in-C Add +196.0% 0.50% +0.32
CPRT Copart Inc. Add +0.2% 3.32% +0.32
TXN Texas Instruments Inc. Add +14.9% 3.19% +0.28
DSGR Distribution Solutions Group New 0.16% +0.16
HAE Haemonetics Corp. Add +26.9% 0.47% +0.07
FNV Franco-Nevada Corp. Add +11.2% 0.45% +0.05
MIR Mirion Technologies Inc. Add +0.6% 0.62% +0.02
SPNS Sapiens International Corp. Add +21.0% 0.08% +0.02
SN Sharkninja Inc. Add +2.0% 0.12% +0.02
IMXI International Money Express Add +17.6% 0.09% +0.01
EMR Emerson Electric Co. New 0.01% +0.01
QCOM Qualcomm Inc. New 0.01% +0.01
GPRE Green Plains Inc. Add +31.5% 0.07% +0.01
WAT Waters Corp. New 0.01% +0.01
VWO Vanguard Ftse Emerging Marke Add +0.1% 0.02% −0.00
INMD Inmode Ltd. Add +6.9% 0.06% −0.00
PBT Permian Basin Royalty Trust Add +22.1% 0.43% −0.01
HDB HDFC Bank Ltd.-ADR Add +4.0% 0.10% −0.02
GSM Ferroglobe PLC Add +6.7% 0.08% −0.03
WPM Wheaton Precious Metals Corp. Add +1.1% 0.39% −0.04
YETI Yeti Holdings Inc. Add +25.6% 0.41% −0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 138$3.0BTPL, TXN, NVDA, HEI.A, TSM
Q1 2026 129$2.8BTPL, NVDA, TXN, HEI.A, MA
Q4 2025 133$2.9BTPL, MA, HEI.A, APG, NVDA
Q3 2025 130$3.0BTPL, MA, HEI.A, APG, NVDA
Q2 2025 124$3.0BTPL, MA, HEI.A, APG, TXN
Q1 2025 126$2.9BTPL, MA, HEI.A, ROP, TXN
Q4 2024 128$2.8BTPL, MA, TXN, ACN, HEI.A
Q3 2024 131$2.8BTPL, MA, TXN, HEI.A, ACN
Q2 2024 134$2.7BTPL, MA, TXN, CPRT, HEI.A
Q1 2024 140$2.7BMA, TPL, CPRT, TXN, APG