Schwartz Investment Counsel Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Schwartz Investment Counsel Inc. reported 128 stock positions worth $2.8 billion. Its top holding was Texas Pacific Land (TPL) at 6.0% of the portfolio, followed by Mastercard Class A (MA, 4.6%) and Texas Instruments (TXN, 3.3%). Compared with Q3 2024, it opened 2 new positions, sold out of 5, added to 28 and reduced 24. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +71%) and the biggest sale an exit from Ciena (CIEN).

Most Recent 13F
Q2 2026
Location
PLYMOUTH, MI
CIK
0000909151
Portfolio Value
$2.8B (Q4 2024)
SEC Filing
0001398344-25-001364 ↗ filed Jan 29, 2025

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 Q3 2024 Q4 2024: $2.8B $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 128 stocks · $2.8B
TPL Texas Pacific Land Corp. 5.98% 150,181 $166.1M Reduce -18.9%
MA Mastercard Inc. Class A 4.60% 242,574 $127.7M No change
TXN Texas Instruments Inc. 3.34% 494,490 $92.7M Add +2.1%
ACN Accenture PLC Class A 3.18% 250,950 $88.3M No change
HEI.A Heico Corp. Class A 3.06% 455,710 $84.8M No change
NVDA Nvidia Corp. 3.00% 620,000 $83.3M No change
SPGI S&P Global Inc. 2.92% 162,550 $81.0M No change
APG Api Group Corp. 2.70% 2,083,209 $74.9M No change
ROP Roper Technologies Inc. 2.58% 137,700 $71.6M Add +22.2%
CPRT Copart Inc. 2.40% 1,162,500 $66.7M Reduce -0.0%
LOW Lowe's Cos Inc. 2.39% 268,650 $66.3M No change
CHE Chemed Corp. 2.27% 119,163 $63.1M Add +1.0%
ORLY O'reilly Automotive Inc. 2.18% 51,000 $60.5M No change
MCO Moody's Corp. 2.02% 118,200 $56.0M No change
BR Broadridge Financial Solutio 2.02% 247,350 $55.9M No change
SBAC SBA Communications Corp. 2.01% 274,000 $55.8M No change
TSM Taiwan Semiconductor-SP ADR 1.97% 276,250 $54.6M Add +71.3%
BRO Brown & Brown Inc. 1.91% 519,150 $53.0M No change
CB Chubb Ltd. 1.84% 185,050 $51.1M No change
ANSS Ansys Inc. 1.84% 151,082 $51.0M No change
FANG Diamondback Energy Inc. 1.71% 290,300 $47.6M Add +0.2%
CCEP Coca-Cola Europacific Partne 1.54% 556,300 $42.7M Reduce -2.1%
ATR Aptargroup Inc. 1.53% 270,000 $42.4M No change
IQV Iqvia Holdings Inc. 1.51% 213,290 $41.9M No change
FAST Fastenal Co. 1.44% 557,000 $40.1M Reduce -4.3%
GPC Genuine Parts Co. 1.44% 342,500 $40.0M Add +42.4%
LMT Lockheed Martin Corp. 1.44% 82,000 $39.8M No change
EXE Expand Energy Corp. 1.37% 382,720 $38.1M No change
FNF Fidelity National Financial 1.35% 665,000 $37.3M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 1.33% 211,000 $37.0M Reduce -20.8%
CVX Chevron Corp. 1.32% 252,267 $36.5M No change
TFC Truist Financial Corp. 1.31% 838,695 $36.4M Reduce -1.3%
CSL Carlisle Cos Inc. 1.20% 90,000 $33.2M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.15% 263,250 $31.8M No change
BL Blackline Inc. 1.05% 480,000 $29.2M Add +17.1%
WSO Watsco Inc. 1.04% 61,000 $28.9M No change
SLAB Silicon Laboratories Inc. 1.03% 230,000 $28.6M No change
CDW CDW Corp. 1.02% 162,000 $28.2M Add +144.5%
LB Landbridge Co. LLC-A 0.99% 426,568 $27.6M Add +1.0%
AOS Smith (a.o.) Corp. 0.92% 374,933 $25.6M Add +22.9%
LHX L3HARRIS Technologies Inc. 0.88% 116,475 $24.5M No change
MIR Mirion Technologies Inc. 0.85% 1,349,300 $23.5M Reduce -11.2%
XPEL Xpel Inc. 0.77% 537,000 $21.4M Add +4.9%
TSCO Tractor Supply Company 0.76% 397,500 $21.1M No change
BATRK Atlanta Braves Holdings in-C 0.75% 542,264 $20.7M No change
HIFS Hingham Institution for SVGS 0.74% 81,087 $20.6M No change
BKNG Booking Holdings Inc. 0.72% 4,000 $19.9M No change
BN Brookfield Corp. 0.70% 336,220 $19.3M Reduce -0.4%
MKC McCormick & Co.-Non VTG SHRS 0.55% 201,000 $15.3M No change
PBT Permian Basin Royalty Trust 0.55% 1,386,902 $15.3M Reduce -1.1%
DGX Quest Diagnostics Inc. 0.52% 95,900 $14.5M Reduce -0.2%
FNV Franco-Nevada Corp. 0.51% 119,200 $14.0M Add +12.2%
OXY Occidental Petroleum Corp. 0.49% 277,430 $13.7M No change
WPM Wheaton Precious Metals Corp. 0.47% 233,000 $13.1M No change
BAM Brookfield Asset Mgmt-A 0.46% 237,275 $12.9M Reduce -34.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.46% 333,800 $12.8M Add +1.5%
VVV Valvoline Inc. 0.46% 350,500 $12.7M Reduce -50.0%
ICE Intercontinental Exchange Inc. 0.46% 85,000 $12.7M No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.44% 320,350 $12.3M Reduce -11.5%
JOE The St Joe Co. 0.43% 268,400 $12.1M No change
SNX TD Synnex Corp. 0.43% 102,500 $12.0M No change
SMPL The Simply Good Foods Co. 0.43% 302,900 $11.8M Add +39.3%
HAE Haemonetics Corp. 0.42% 151,000 $11.8M No change
XOM Exxon Mobil Corp. 0.42% 108,548 $11.7M Reduce -4.4%
ALC Alcon Inc. filed as ALCON AG 0.42% 137,483 $11.7M No change
AWI Armstrong World Industries 0.40% 78,000 $11.0M Reduce -13.3%
WINA Winmark Corp. 0.38% 26,600 $10.5M No change
SIMO Silicon Motion Technol-ADR 0.37% 190,000 $10.3M No change
ALLE Allegion PLC 0.36% 76,000 $9.9M No change
GFL GFL Environmental Inc.-Sub VT 0.34% 210,722 $9.4M No change
SN Sharkninja Inc. 0.32% 90,700 $8.8M No change
OTIS Otis Worldwide Corp. 0.28% 85,000 $7.9M No change
DBRG Digitalbridge Group Inc. 0.25% 621,341 $7.0M Add +31.8%
DSGR Distribution Solutions Group 0.23% 186,892 $6.4M Add +23.0%
VRSN Verisign Inc. 0.23% 30,200 $6.3M No change
UHAL.B U-Haul Holding Co.-Non Voting 0.22% 97,200 $6.2M No change
ETN Eaton Corp. PLC 0.22% 18,681 $6.2M No change
GLD SPDR Gold Shares 0.21% 24,344 $5.9M No change
BNT Brookfield Wealth Solutions 0.18% 84,720 $4.9M Reduce -1.7%
FG F&G Annuities & Life Inc. 0.14% 96,384 $4.0M No change
APO Apollo Global Management Inc. 0.13% 22,281 $3.7M Reduce -10.1%
HDB HDFC Bank Ltd.-ADR 0.12% 50,050 $3.2M Add +4.0%
STVN Stevanato Group SPA 0.10% 126,281 $2.8M No change
KARO Karooooo Ltd. 0.10% 60,566 $2.7M Add +17.2%
TEL Te Connectivity PLC 0.09% 18,050 $2.6M No change
STNE Stoneco Ltd. Class A 0.08% 276,200 $2.2M No change
SPNS Sapiens International Corp. 0.07% 74,052 $2.0M No change
AAPL Apple Inc. 0.07% 7,600 $1.9M No change
COP Conocophillips 0.07% 18,800 $1.9M Add +11.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.07% 174,500 $1.8M Add +36.0%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 3,960 $1.8M Reduce -3.2%
FIX Comfort Systems USA Inc. 0.06% 3,800 $1.6M Add +11.8%
MSGS Madison Square Garden Sports 0.05% 6,400 $1.4M No change
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
BSV Vanguard Short-Term Bond ETF 0.05% 16,900 $1.3M Add +2.4%
MSFT Microsoft Corp. 0.05% 3,045 $1.3M Reduce -1.0%
HWM Howmet Aerospace Inc. 0.05% 11,500 $1.3M New
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.04% 81,000 $1.2M New
MAS Masco Corp. 0.04% 15,000 $1.1M Reduce -25.0%
PAAS Pan American Silver Corp. 0.04% 50,500 $1.0M Add +11.0%
LUCK Lucky Strike Entertainment C 0.03% 94,400 $945K No change
ROST Ross Stores Inc. 0.03% 5,700 $862K No change
DVN Devon Energy Corp. 0.03% 25,000 $818K No change
SHOP Shopify Inc. Class A 0.03% 7,000 $744K Reduce -12.5%
INFL Horizon Kinetics Infl Benef 0.03% 19,000 $724K Add +35.7%
ULTA Ulta Beauty Inc. 0.03% 1,624 $706K Add +44.5%
SYK Stryker Corp. 0.03% 1,950 $702K Reduce -2.1%
GDX Vaneck Gold Miners ETF 0.02% 18,650 $632K Add +31.8%
VWO Vanguard Ftse Emerging Marke 0.02% 13,065 $575K Add +2.1%
REGN Regeneron Pharmaceuticals 0.02% 800 $570K Add +100.0%
FDX FedEx Corp. 0.02% 1,900 $535K No change
PHM Pultegroup Inc. 0.02% 4,398 $479K Reduce -5.4%
V Visa Inc. Class A 0.02% 1,470 $465K No change
VRTX Vertex Pharmaceuticals Inc. 0.01% 1,000 $403K No change
EQIX Equinix Inc. 0.01% 405 $382K No change
JNJ Johnson & Johnson 0.01% 2,463 $356K No change
BLDR Builders Firstsource Inc. 0.01% 2,400 $343K No change
NSC Norfolk Southern Corp. 0.01% 1,359 $319K No change
WMT Walmart Inc. 0.01% 3,200 $289K Reduce -3.0%
GGG Graco Inc. 0.01% 3,424 $289K No change
PAYX Paychex Inc. 0.01% 1,879 $263K No change
MMM 3M Co. 0.01% 2,000 $258K No change
EMR Emerson Electric Co. 0.01% 2,000 $248K No change
KR Kroger Co. 0.01% 4,000 $245K No change
DE Deere & Co. 0.01% 550 $233K No change
GD General Dynamics Corp. 0.01% 798 $210K No change
QCOM Qualcomm Inc. 0.01% 1,332 $205K No change

Portfolio Sells Q3 2024 → Q4 2024
CIEN Ciena Corp. Sold out 0.00% −0.81
VVV Valvoline Inc. Reduce -50.0% 0.46% −0.59
JKHY Jack Henry & Associates Inc. Reduce -20.8% 1.33% −0.34
SITM Sitime Corp. Sold out 0.00% −0.24
BAM Brookfield Asset Mgmt-A Reduce -34.4% 0.46% −0.14
YETI Yeti Holdings Inc. Reduce -11.5% 0.44% −0.08
XOM Exxon Mobil Corp. Reduce -4.4% 0.42% −0.05
CCEP Coca-Cola Europacific Partne Reduce -2.1% 1.54% −0.05
IMXI International Money Express Sold out 0.00% −0.04
INMD Inmode Ltd. Sold out 0.00% −0.04
PBT Permian Basin Royalty Trust Reduce -1.1% 0.55% −0.04
FAST Fastenal Co. Reduce -4.3% 1.44% −0.04
AWI Armstrong World Industries Reduce -13.3% 0.40% −0.02
MAS Masco Corp. Reduce -25.0% 0.04% −0.02
DGX Quest Diagnostics Inc. Reduce -0.2% 0.52% −0.01
UPS United Parcel Service Class B Sold out 0.00% −0.01
PHM Pultegroup Inc. Reduce -5.4% 0.02% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.2% 0.06% −0.00
MSFT Microsoft Corp. Reduce -1.0% 0.05% −0.00
SYK Stryker Corp. Reduce -2.1% 0.03% −0.00
WMT Walmart Inc. Reduce -3.0% 0.01% +0.00
SHOP Shopify Inc. Class A Reduce -12.5% 0.03% +0.00
BNT Brookfield Wealth Solutions Reduce -1.7% 0.18% +0.01
TFC Truist Financial Corp. Reduce -1.3% 1.31% +0.02
APO Apollo Global Management Inc. Reduce -10.1% 0.13% +0.02
BN Brookfield Corp. Reduce -0.4% 0.70% +0.06
TPL Texas Pacific Land Corp. Reduce -18.9% 5.98% +0.16
CPRT Copart Inc. Reduce -0.0% 2.40% +0.24
MIR Mirion Technologies Inc. Reduce -11.2% 0.85% +0.25

Portfolio Buys Q3 2024 → Q4 2024
TSM Taiwan Semiconductor-SP ADR Add +71.3% 1.97% +0.97
CDW CDW Corp. Add +144.5% 1.02% +0.48
LB Landbridge Co. LLC-A Add +1.0% 0.99% +0.41
ROP Roper Technologies Inc. Add +22.2% 2.58% +0.35
BL Blackline Inc. Add +17.1% 1.05% +0.25
GPC Genuine Parts Co. Add +42.4% 1.44% +0.25
SMPL The Simply Good Foods Co. Add +39.3% 0.43% +0.16
HWM Howmet Aerospace Inc. New 0.05% +0.05
SBS Cia Saneamento Basico DE-ADR New 0.04% +0.04
FNV Franco-Nevada Corp. Add +12.2% 0.51% +0.04
KARO Karooooo Ltd. Add +17.2% 0.10% +0.03
DSGR Distribution Solutions Group Add +23.0% 0.23% +0.02
DBRG Digitalbridge Group Inc. Add +31.8% 0.25% +0.02
FIX Comfort Systems USA Inc. Add +11.8% 0.06% +0.01
ULTA Ulta Beauty Inc. Add +44.5% 0.03% +0.01
HDB HDFC Bank Ltd.-ADR Add +4.0% 0.12% +0.01
INFL Horizon Kinetics Infl Benef Add +35.7% 0.03% +0.01
REGN Regeneron Pharmaceuticals Add +100.0% 0.02% +0.01
COP Conocophillips Add +11.9% 0.07% +0.00
PAAS Pan American Silver Corp. Add +11.0% 0.04% +0.00
NU Nu Holdings Ltd./Cayman Isl-A Add +36.0% 0.07% +0.00
GDX Vaneck Gold Miners ETF Add +31.8% 0.02% +0.00
BSV Vanguard Short-Term Bond ETF Add +2.4% 0.05% +0.00
VWO Vanguard Ftse Emerging Marke Add +2.1% 0.02% −0.00
XPEL Xpel Inc. Add +4.9% 0.77% −0.02
SLB SLB Ltd. Add +1.5% 0.46% −0.03
AOS Smith (a.o.) Corp. Add +22.9% 0.92% −0.05
FANG Diamondback Energy Inc. Add +0.2% 1.71% −0.06
TXN Texas Instruments Inc. Add +2.1% 3.34% −0.22
CHE Chemed Corp. Add +1.0% 2.27% −0.25

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