Schwartz Investment Counsel Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Schwartz Investment Counsel Inc. reported 133 stock positions worth $2.9 billion. Its top holding was Texas Pacific Land (TPL) at 4.8% of the portfolio, followed by Mastercard Class A (MA, 4.5%) and Heico Class A (HEI.A, 4.0%). Compared with Q3 2025, it opened 5 new positions, sold out of 2, added to 25 and reduced 32. The biggest buy was Alcon (ALC, shares +145%) and the biggest sale Chubb (CB, shares −99%).

Most Recent 13F
Q2 2026
Location
PLYMOUTH, MI
CIK
0000909151
Portfolio Value
$2.9B (Q4 2025)
SEC Filing
0001398344-26-002184 ↗ filed Feb 4, 2026

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 Q4 2024 Q1 2025: $2.9B Q1 2025 Q2 2025: $3.0B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $2.9B $2.9B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 133 stocks · $2.9B
TPL Texas Pacific Land Corp. 4.77% 475,104 $136.5M Add +3.2%
MA Mastercard Inc. Class A 4.54% 227,524 $129.9M Reduce -0.0%
HEI.A Heico Corp. Class A 4.02% 455,710 $115.0M No change
APG Api Group Corp. 3.80% 2,844,652 $108.8M Reduce -8.1%
NVDA Nvidia Corp. 3.58% 550,000 $102.6M Reduce -3.5%
ROP Roper Technologies Inc. 2.98% 191,700 $85.3M No change
SPGI S&P Global Inc. 2.97% 162,550 $84.9M No change
TXN Texas Instruments Inc. 2.96% 488,900 $84.8M No change
LOW Lowe's Cos Inc. 2.27% 268,850 $64.8M Reduce -0.0%
ACN Accenture PLC Class A 2.22% 236,950 $63.6M No change
ORLY O'reilly Automotive Inc. 2.12% 665,000 $60.7M No change
MCO Moody's Corp. 2.11% 118,200 $60.4M No change
WSO Watsco Inc. 1.97% 167,185 $56.3M Add +39.3%
BR Broadridge Financial Solutio 1.93% 247,350 $55.2M No change
GPC Genuine Parts Co. 1.69% 394,250 $48.5M Reduce -2.5%
ATR Aptargroup Inc. 1.64% 383,660 $46.8M Add +3.7%
CCEP Coca-Cola Europacific Partne 1.56% 492,450 $44.7M Reduce -3.7%
BRO Brown & Brown Inc. 1.55% 555,400 $44.3M Add +4.3%
TSM Taiwan Semiconductor-SP ADR 1.53% 144,350 $43.9M No change
XPEL Xpel Inc. 1.51% 867,999 $43.3M Reduce -4.9%
TFC Truist Financial Corp. 1.45% 842,695 $41.5M No change
EXE Expand Energy Corp. 1.43% 370,420 $40.9M No change
CVX Chevron Corp. 1.43% 268,067 $40.9M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.41% 263,250 $40.4M No change
LHX L3HARRIS Technologies Inc. 1.34% 130,975 $38.5M No change
BL Blackline Inc. 1.33% 690,000 $38.2M No change
FANG Diamondback Energy Inc. 1.29% 245,300 $36.9M No change
FAST Fastenal Co. 1.26% 901,600 $36.2M No change
ALC Alcon Inc. filed as ALCON AG 1.23% 447,483 $35.3M Add +145.2%
AOS Smith (a.o.) Corp. 1.20% 515,333 $34.5M Reduce -12.7%
ZTS Zoetis Inc. 1.17% 267,000 $33.6M Add +6.8%
FNF Fidelity National Financial 1.17% 615,000 $33.6M No change
WPM Wheaton Precious Metals Corp. 1.11% 271,000 $31.8M Reduce -0.7%
SBAC SBA Communications Corp. 1.11% 164,000 $31.7M Reduce -21.5%
TSEM Tower Semiconductor Ltd. 1.07% 260,000 $30.5M No change
LMT Lockheed Martin Corp. 1.05% 62,000 $30.0M No change
LB Landbridge Co. LLC-A 1.02% 592,891 $29.0M Add +2.3%
CSL Carlisle Cos Inc. 1.01% 90,000 $28.8M No change
WBI Waterbridge Infrastruc Class A 0.97% 1,385,029 $27.7M Add +29.1%
CHE Chemed Corp. 0.97% 64,734 $27.7M Reduce -41.7%
FNV Franco-Nevada Corp. 0.91% 125,700 $26.1M Reduce -0.8%
SNX TD Synnex Corp. 0.89% 169,500 $25.5M No change
SLAB Silicon Laboratories Inc. 0.88% 192,790 $25.2M No change
HIFS Hingham Institution for SVGS 0.80% 81,087 $23.0M No change
BN Brookfield Corp. 0.77% 477,660 $21.9M Add +1.3%
CPRT Copart Inc. 0.76% 557,800 $21.8M Reduce -42.1%
BKNG Booking Holdings Inc. 0.75% 4,000 $21.4M No change
BATRK Atlanta Braves Holdings in-C 0.75% 542,264 $21.4M No change
SIMO Silicon Motion Technol-ADR 0.71% 220,000 $20.4M No change
TSCO Tractor Supply Company 0.69% 397,500 $19.9M No change
SN Sharkninja Inc. 0.69% 175,700 $19.7M Add +93.7%
MIR Mirion Technologies Inc. 0.65% 794,300 $18.6M Reduce -7.0%
JOE The St Joe Co. 0.64% 310,400 $18.4M Reduce -7.5%
FOUR SHIFT4 Payments Inc. Class A 0.63% 286,691 $18.1M Add +129.3%
CDW CDW Corp. 0.62% 130,000 $17.7M Reduce -43.3%
ENTG Entegris Inc. 0.59% 200,000 $16.9M No change
DGX Quest Diagnostics Inc. 0.58% 95,900 $16.6M No change
RMBS Rambus Inc. 0.58% 180,337 $16.6M Reduce -21.7%
PBT Permian Basin Royalty Trust 0.57% 967,197 $16.4M Reduce -1.8%
ICE Intercontinental Exchange Inc. 0.54% 95,000 $15.4M Add +4.4%
AWI Armstrong World Industries 0.52% 78,000 $14.9M No change
IQV Iqvia Holdings Inc. 0.50% 64,000 $14.4M No change
SLB SLB Ltd. filed as SLB LIMITED 0.44% 327,300 $12.6M Add +3.1%
ALLE Allegion PLC 0.42% 76,000 $12.1M No change
WINA Winmark Corp. 0.38% 26,600 $10.8M No change
XOM Exxon Mobil Corp. 0.37% 88,878 $10.7M Reduce -15.8%
BLDR Builders Firstsource Inc. 0.34% 95,800 $9.9M Add +17.1%
VRSN Verisign Inc. 0.34% 40,500 $9.8M No change
GLD SPDR Gold Shares 0.34% 24,344 $9.6M No change
ACGL Arch Capital Group Ltd. 0.34% 100,000 $9.6M New
WU Western Union Co. 0.33% 1,000,000 $9.3M Reduce -2.4%
ESAB Esab Corp. 0.31% 80,000 $8.9M New
DBRG Digitalbridge Group Inc. 0.31% 577,805 $8.9M Reduce -3.9%
DSGR Distribution Solutions Group 0.30% 312,532 $8.6M Reduce -12.1%
GFL GFL Environmental Inc.-Sub VT 0.29% 196,093 $8.4M Add +4.7%
TIC Tic Solutions Inc. 0.29% 812,777 $8.2M Add +207.9%
CSW CSW Industrials Inc. 0.27% 26,000 $7.6M New
SNPS Synopsys Inc. 0.23% 13,892 $6.5M Reduce -63.1%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.22% 140,550 $6.2M Add +70.3%
FIX Comfort Systems USA Inc. 0.22% 6,600 $6.2M No change
ETN Eaton Corp. PLC 0.21% 18,606 $5.9M No change
HAE Haemonetics Corp. 0.18% 65,000 $5.2M Reduce -52.6%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.16% 25,300 $4.6M No change
POOL Pool Corp. 0.16% 20,000 $4.6M New
APO Apollo Global Management Inc. 0.16% 31,445 $4.6M Add +16.6%
OXY Occidental Petroleum Corp. 0.15% 106,250 $4.4M Reduce -13.4%
BAM Brookfield Asset Mgmt-A 0.15% 80,154 $4.2M Add +15.0%
FG F&G Annuities & Life Inc. 0.14% 133,284 $4.1M Add +38.3%
BNT Brookfield Wealth Solutions 0.14% 87,398 $4.0M Add +9.5%
STNE Stoneco Ltd. Class A 0.13% 256,400 $3.8M No change
HDB HDFC Bank Ltd.-ADR 0.13% 100,100 $3.7M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.13% 217,600 $3.6M No change
KARO Karooooo Ltd. 0.12% 78,365 $3.6M Add +22.9%
DLO Dlocal Ltd. 0.10% 207,200 $2.9M No change
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.10% 122,300 $2.9M No change
TEL Te Connectivity PLC 0.10% 12,500 $2.8M Add +76.1%
PAAS Pan American Silver Corp. 0.09% 50,000 $2.6M Reduce -13.8%
STVN Stevanato Group SPA 0.09% 126,281 $2.5M No change
HWM Howmet Aerospace Inc. 0.08% 11,500 $2.4M No change
HNGE Hinge Health Inc. Class A 0.07% 46,000 $2.1M New

Show all 133 holdings

Portfolio Sells Q3 2025 → Q4 2025
CB Chubb Ltd. Reduce -99.3% 0.01% −1.88
CHE Chemed Corp. Reduce -41.7% 0.97% −0.70
CPRT Copart Inc. Reduce -42.1% 0.76% −0.69
CDW CDW Corp. Reduce -43.3% 0.62% −0.61
SNPS Synopsys Inc. Reduce -63.1% 0.23% −0.40
SMPL The Simply Good Foods Co. Sold out 0.00% −0.40
AOS Smith (a.o.) Corp. Reduce -12.7% 1.20% −0.25
SBAC SBA Communications Corp. Reduce -21.5% 1.11% −0.25
RMBS Rambus Inc. Reduce -21.7% 0.58% −0.23
GPC Genuine Parts Co. Reduce -2.5% 1.69% −0.19
COP Conocophillips Reduce -79.4% 0.03% −0.09
MAS Masco Corp. Reduce -50.0% 0.06% −0.06
DSGR Distribution Solutions Group Reduce -12.1% 0.30% −0.06
HAE Haemonetics Corp. Reduce -52.6% 0.18% −0.04
OXY Occidental Petroleum Corp. Reduce -13.4% 0.15% −0.04
SPNS Sapiens International Corp. Sold out 0.00% −0.04
FNV Franco-Nevada Corp. Reduce -0.8% 0.91% −0.04
PBT Permian Basin Royalty Trust Reduce -1.8% 0.57% −0.03
XOM Exxon Mobil Corp. Reduce -15.8% 0.37% −0.03
MIR Mirion Technologies Inc. Reduce -7.0% 0.65% −0.02
MSFT Microsoft Corp. Reduce -3.3% 0.05% −0.00
LOW Lowe's Cos Inc. Reduce -0.0% 2.27% −0.00
MMM 3M Co. Reduce -15.0% 0.01% −0.00
BSV Vanguard Short-Term Bond ETF Reduce -2.9% 0.04% +0.00
CCEP Coca-Cola Europacific Partne Reduce -3.7% 1.56% +0.01
PAAS Pan American Silver Corp. Reduce -13.8% 0.09% +0.02
NVDA Nvidia Corp. Reduce -3.5% 3.58% +0.02
WU Western Union Co. Reduce -2.4% 0.33% +0.05
DBRG Digitalbridge Group Inc. Reduce -3.9% 0.31% +0.07
JOE The St Joe Co. Reduce -7.5% 0.64% +0.09
WPM Wheaton Precious Metals Corp. Reduce -0.7% 1.11% +0.09
MA Mastercard Inc. Class A Reduce -0.0% 4.54% +0.20
APG Api Group Corp. Reduce -8.1% 3.80% +0.24
XPEL Xpel Inc. Reduce -4.9% 1.51% +0.50

Portfolio Buys Q3 2025 → Q4 2025
ALC Alcon Inc. Add +145.2% 1.23% +0.78
SN Sharkninja Inc. Add +93.7% 0.69% +0.37
WSO Watsco Inc. Add +39.3% 1.97% +0.34
ACGL Arch Capital Group Ltd. New 0.34% +0.34
ESAB Esab Corp. New 0.31% +0.31
FOUR SHIFT4 Payments Inc. Class A Add +129.3% 0.63% +0.31
CSW CSW Industrials Inc. New 0.27% +0.27
TIC Tic Solutions Inc. Add +207.9% 0.29% +0.17
POOL Pool Corp. New 0.16% +0.16
YETI Yeti Holdings Inc. Add +70.3% 0.22% +0.13
HNGE Hinge Health Inc. Class A New 0.07% +0.07
SLB SLB Ltd. Add +3.1% 0.44% +0.07
WBI Waterbridge Infrastruc Class A Add +29.1% 0.97% +0.06
TEL Te Connectivity PLC Add +76.1% 0.10% +0.05
BN Brookfield Corp. Add +1.3% 0.77% +0.04
FG F&G Annuities & Life Inc. Add +38.3% 0.14% +0.04
APO Apollo Global Management Inc. Add +16.6% 0.16% +0.04
ICE Intercontinental Exchange Inc. Add +4.4% 0.54% +0.02
BNT Brookfield Wealth Solutions Add +9.5% 0.14% +0.02
BAM Brookfield Asset Mgmt-A Add +15.0% 0.15% +0.01
BLDR Builders Firstsource Inc. Add +17.1% 0.34% +0.01
PHR Phreesia Inc. Add +60.6% 0.05% +0.01
KARO Karooooo Ltd. Add +22.9% 0.12% +0.00
VWO Vanguard Ftse Emerging Marke Add +1.8% 0.02% +0.00
GFL GFL Environmental Inc.-Sub VT Add +4.7% 0.29% −0.00
LB Landbridge Co. LLC-A Add +2.3% 1.02% −0.02
ATR Aptargroup Inc. Add +3.7% 1.64% −0.02
TPL Texas Pacific Land Corp. Add +3.2% 4.77% −0.04
ZTS Zoetis Inc. Add +6.8% 1.17% −0.05
BRO Brown & Brown Inc. Add +4.3% 1.55% −0.13

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