Schwartz Investment Counsel Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 23, 2024), Schwartz Investment Counsel Inc. reported 131 stock positions worth $2.8 billion. Its top holding was Texas Pacific Land (TPL) at 5.8% of the portfolio, followed by Mastercard Class A (MA, 4.3%) and Texas Instruments (TXN, 3.6%). Compared with Q2 2024, it opened 3 new positions, sold out of 6, added to 13 and reduced 32. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +659%) and the biggest sale Copart (CPRT, shares −26%).

Most Recent 13F
Q2 2026
Location
PLYMOUTH, MI
CIK
0000909151
Portfolio Value
$2.8B (Q3 2024)
SEC Filing
0001398344-24-019245 ↗ filed Oct 23, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.7B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $2.8B $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 131 stocks · $2.8B
TPL Texas Pacific Land Corp. 5.83% 185,225 $163.9M Reduce -1.7%
MA Mastercard Inc. Class A 4.26% 242,574 $119.8M No change
TXN Texas Instruments Inc. 3.56% 484,490 $100.1M Reduce -3.5%
HEI.A Heico Corp. Class A 3.30% 455,710 $92.9M Reduce -4.4%
ACN Accenture PLC Class A 3.15% 250,950 $88.7M No change
SPGI S&P Global Inc. 2.99% 162,550 $84.0M No change
NVDA Nvidia Corp. 2.68% 620,000 $75.3M No change
LOW Lowe's Cos Inc. 2.59% 268,650 $72.8M Reduce -9.1%
CHE Chemed Corp. 2.52% 117,990 $70.9M Reduce -0.2%
APG Api Group Corp. 2.45% 2,083,209 $68.8M No change
SBAC SBA Communications Corp. 2.35% 274,000 $66.0M No change
ROP Roper Technologies Inc. 2.23% 112,700 $62.7M No change
CPRT Copart Inc. 2.17% 1,163,000 $60.9M Reduce -26.4%
ORLY O'reilly Automotive Inc. 2.09% 51,000 $58.7M No change
MCO Moody's Corp. 2.00% 118,200 $56.1M Reduce -8.5%
BRO Brown & Brown Inc. 1.91% 519,150 $53.8M No change
CB Chubb Ltd. 1.90% 185,050 $53.4M Reduce -0.1%
BR Broadridge Financial Solutio 1.89% 247,350 $53.2M Reduce -26.0%
IQV Iqvia Holdings Inc. 1.80% 213,290 $50.5M No change
FANG Diamondback Energy Inc. 1.78% 289,700 $49.9M No change
ANSS Ansys Inc. 1.71% 151,082 $48.1M No change
LMT Lockheed Martin Corp. 1.70% 82,000 $47.9M Reduce -8.9%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 1.67% 266,350 $47.0M No change
CCEP Coca-Cola Europacific Partne 1.59% 568,500 $44.8M Reduce -0.2%
ATR Aptargroup Inc. 1.54% 270,000 $43.3M Reduce -16.9%
FAST Fastenal Co. 1.48% 582,000 $41.6M No change
FNF Fidelity National Financial 1.47% 665,000 $41.3M Reduce -11.9%
CSL Carlisle Cos Inc. 1.44% 90,000 $40.5M Reduce -5.8%
CVX Chevron Corp. 1.32% 252,267 $37.2M No change
TFC Truist Financial Corp. 1.29% 849,795 $36.3M Reduce -21.8%
GPC Genuine Parts Co. 1.19% 240,500 $33.6M No change
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 1.12% 382,720 $31.5M Add +26.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.10% 263,250 $30.9M Reduce -13.3%
WSO Watsco Inc. 1.07% 61,000 $30.0M No change
VVV Valvoline Inc. 1.04% 700,500 $29.3M Reduce -22.2%
TSM Taiwan Semiconductor-SP ADR 1.00% 161,250 $28.0M Add +658.8%
LHX L3HARRIS Technologies Inc. 0.99% 116,475 $27.7M No change
AOS Smith (a.o.) Corp. 0.97% 305,133 $27.4M No change
SLAB Silicon Laboratories Inc. 0.95% 230,000 $26.6M Add +17.9%
TSCO Tractor Supply Company 0.82% 79,500 $23.1M No change
CIEN Ciena Corp. 0.81% 370,000 $22.8M Add +23.3%
BL Blackline Inc. 0.80% 410,000 $22.6M No change
XPEL Xpel Inc. 0.79% 512,000 $22.2M No change
BATRK Atlanta Braves Holdings in-C 0.77% 542,264 $21.6M No change
HIFS Hingham Institution for SVGS 0.70% 81,087 $19.7M No change
BN Brookfield Corp. 0.64% 337,720 $17.9M Reduce -42.5%
BAM Brookfield Asset Mgmt-A 0.61% 361,628 $17.1M Reduce -35.6%
BKNG Booking Holdings Inc. 0.60% 4,000 $16.8M No change
MIR Mirion Technologies Inc. 0.60% 1,519,300 $16.8M No change
PBT Permian Basin Royalty Trust 0.59% 1,402,402 $16.6M Add +23.0%
MKC McCormick & Co.-Non VTG SHRS 0.59% 201,000 $16.5M No change
LB Landbridge Co. LLC-A 0.59% 422,168 $16.5M Add +617.7%
JOE The St Joe Co. 0.56% 268,400 $15.7M No change
CDW CDW Corp. 0.53% 66,250 $15.0M No change
DGX Quest Diagnostics Inc. 0.53% 96,066 $14.9M No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.53% 362,150 $14.9M Add +7.5%
OXY Occidental Petroleum Corp. 0.51% 277,430 $14.3M Add +28.2%
WPM Wheaton Precious Metals Corp. 0.51% 233,000 $14.2M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.49% 328,800 $13.8M Add +1.5%
ALC Alcon Inc. filed as ALCON AG 0.49% 137,483 $13.8M No change
ICE Intercontinental Exchange Inc. 0.49% 85,000 $13.7M Reduce -22.6%
XOM Exxon Mobil Corp. 0.47% 113,548 $13.3M Reduce -49.8%
FNV Franco-Nevada Corp. 0.47% 106,200 $13.2M No change
SNX TD Synnex Corp. 0.44% 102,500 $12.3M No change
HAE Haemonetics Corp. 0.43% 151,000 $12.1M No change
AWI Armstrong World Industries 0.42% 90,000 $11.8M No change
SIMO Silicon Motion Technol-ADR 0.41% 190,000 $11.5M Add +26.7%
ALLE Allegion PLC 0.39% 76,000 $11.1M No change
WINA Winmark Corp. 0.36% 26,600 $10.2M No change
SN Sharkninja Inc. 0.35% 90,700 $9.9M No change
OTIS Otis Worldwide Corp. 0.31% 85,000 $8.8M No change
GFL GFL Environmental Inc.-Sub VT 0.30% 210,722 $8.4M No change
SMPL The Simply Good Foods Co. 0.27% 217,500 $7.6M New
UHAL.B U-Haul Holding Co.-Non Voting 0.25% 97,200 $7.0M No change
SITM Sitime Corp. 0.24% 40,000 $6.9M Reduce -50.0%
DBRG Digitalbridge Group Inc. 0.24% 471,341 $6.7M No change
ETN Eaton Corp. PLC 0.22% 18,681 $6.2M Reduce -0.8%
GLD SPDR Gold Shares 0.21% 24,344 $5.9M No change
DSGR Distribution Solutions Group 0.21% 152,000 $5.9M Add +20.6%
VRSN Verisign Inc. 0.20% 30,200 $5.7M Add +94.8%
BNT Brookfield Wealth Solutions 0.16% 86,220 $4.6M No change
FG F&G Annuities & Life Inc. 0.15% 96,384 $4.3M No change
STNE Stoneco Ltd. Class A 0.11% 276,200 $3.1M No change
APO Apollo Global Management Inc. 0.11% 24,781 $3.1M Reduce -9.5%
HDB HDFC Bank Ltd.-ADR 0.11% 48,150 $3.0M No change
SPNS Sapiens International Corp. 0.10% 74,052 $2.8M No change
TEL Te Connectivity PLC 0.10% 18,050 $2.7M No change
STVN Stevanato Group SPA 0.09% 126,281 $2.5M No change
KARO Karooooo Ltd. 0.07% 51,685 $2.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.07% 4,090 $1.9M No change
AAPL Apple Inc. 0.06% 7,600 $1.8M Reduce -1.3%
COP Conocophillips 0.06% 16,800 $1.8M Reduce -87.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.06% 128,300 $1.8M New
MAS Masco Corp. 0.06% 20,000 $1.7M Reduce -19.4%
BRK.A Berkshire Hathaway Inc. Class A 0.05% 2 $1.4M No change
FSV Firstservice Corp. 0.05% 7,500 $1.4M No change
MSGS Madison Square Garden Sports 0.05% 6,400 $1.3M No change
FIX Comfort Systems USA Inc. 0.05% 3,400 $1.3M New
MSFT Microsoft Corp. 0.05% 3,075 $1.3M Reduce -3.1%
BSV Vanguard Short-Term Bond ETF 0.05% 16,500 $1.3M No change

Show all 131 holdings

Portfolio Sells Q2 2024 → Q3 2024
CPRT Copart Inc. Reduce -26.4% 2.17% −1.00
SSNC Ss&c Technologies Holdings Sold out 0.00% −0.70
BR Broadridge Financial Solutio Reduce -26.0% 1.89% −0.55
COP Conocophillips Reduce -87.6% 0.06% −0.51
XOM Exxon Mobil Corp. Reduce -49.8% 0.47% −0.49
VVV Valvoline Inc. Reduce -22.2% 1.04% −0.40
TFC Truist Financial Corp. Reduce -21.8% 1.29% −0.27
BN Brookfield Corp. Reduce -42.5% 0.64% −0.27
CME Cme Group Inc. Sold out 0.00% −0.26
BAM Brookfield Asset Mgmt-A Reduce -35.6% 0.61% −0.18
ATR Aptargroup Inc. Reduce -16.9% 1.54% −0.16
MKL Markel Group Inc. Sold out 0.00% −0.14
TJX TJX Companies Inc. Reduce -13.3% 1.10% −0.14
UPS United Parcel Service Class B Reduce -94.4% 0.01% −0.13
SITM Sitime Corp. Reduce -50.0% 0.24% −0.12
ICE Intercontinental Exchange Inc. Reduce -22.6% 0.49% −0.07
FWRG First Watch Restaurant Group Sold out 0.00% −0.07
TXN Texas Instruments Inc. Reduce -3.5% 3.56% −0.06
GSM Ferroglobe PLC Sold out 0.00% −0.06
IMXI International Money Express Reduce -39.9% 0.04% −0.04
DVN Devon Energy Corp. Reduce -22.4% 0.03% −0.02
MCO Moody's Corp. Reduce -8.5% 2.00% −0.02
APO Apollo Global Management Inc. Reduce -9.5% 0.11% −0.01
WDAY Workday Inc. Class A Sold out 0.00% −0.01
KR Kroger Co. Reduce -50.0% 0.01% −0.01
MSFT Microsoft Corp. Reduce -3.1% 0.05% −0.01
MAS Masco Corp. Reduce -19.4% 0.06% −0.00
ETN Eaton Corp. PLC Reduce -0.8% 0.22% +0.00
AAPL Apple Inc. Reduce -1.3% 0.06% +0.00
CSL Carlisle Cos Inc. Reduce -5.8% 1.44% +0.01
CCEP Coca-Cola Europacific Partne Reduce -0.2% 1.59% +0.06
FNF Fidelity National Financial Reduce -11.9% 1.47% +0.09
CHE Chemed Corp. Reduce -0.2% 2.52% +0.15
LMT Lockheed Martin Corp. Reduce -8.9% 1.70% +0.15
CB Chubb Ltd. Reduce -0.1% 1.90% +0.15
HEI.A Heico Corp. Class A Reduce -4.4% 3.30% +0.17
LOW Lowe's Cos Inc. Reduce -9.1% 2.59% +0.17
TPL Texas Pacific Land Corp. Reduce -1.7% 5.83% +0.70

Portfolio Buys Q2 2024 → Q3 2024
TSM Taiwan Semiconductor-SP ADR Add +658.8% 1.00% +0.86
LB Landbridge Co. LLC-A Add +617.7% 0.59% +0.54
CIEN Ciena Corp. Add +23.3% 0.81% +0.28
SMPL The Simply Good Foods Co. New 0.27% +0.27
EXE Expand Energy Corp. Add +26.2% 1.12% +0.20
SLAB Silicon Laboratories Inc. Add +17.9% 0.95% +0.15
PBT Permian Basin Royalty Trust Add +23.0% 0.59% +0.12
VRSN Verisign Inc. Add +94.8% 0.20% +0.10
DSGR Distribution Solutions Group Add +20.6% 0.21% +0.07
NU Nu Holdings Ltd./Cayman Isl-A New 0.06% +0.06
YETI Yeti Holdings Inc. Add +7.5% 0.53% +0.05
FIX Comfort Systems USA Inc. New 0.05% +0.05
OXY Occidental Petroleum Corp. Add +28.2% 0.51% +0.00
VWO Vanguard Ftse Emerging Marke Add +0.3% 0.02% +0.00
SIMO Silicon Motion Technol-ADR Add +26.7% 0.41% −0.04
SLB SLB Ltd. Add +1.5% 0.49% −0.08

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