Schwartz Investment Counsel Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Schwartz Investment Counsel Inc. reported 129 stock positions worth $2.8 billion. Its top holding was Texas Pacific Land (TPL) at 6.9% of the portfolio, followed by Nvidia (NVDA, 3.4%) and Texas Instruments (TXN, 3.4%). Compared with Q4 2025, it opened 6 new positions, sold out of 10, added to 31 and reduced 45. The biggest buy was Verisign (VRSN, shares +503%) and the biggest sale Watsco (WSO, shares −85%).

Most Recent 13F
Q2 2026
Location
PLYMOUTH, MI
CIK
0000909151
Portfolio Value
$2.8B (Q1 2026)
SEC Filing
0001398344-26-008174 ↗ filed May 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 Q4 2025 Q1 2026: $2.8B $2.8B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 129 stocks · $2.8B
TPL Texas Pacific Land Corp. 6.93% 410,926 $195.0M Reduce -13.5%
NVDA Nvidia Corp. 3.41% 550,000 $95.9M No change
TXN Texas Instruments Inc. 3.37% 488,900 $94.9M No change
HEI.A Heico Corp. Class A 3.33% 443,590 $93.6M Reduce -2.7%
MA Mastercard Inc. Class A 3.26% 183,474 $91.7M Reduce -19.4%
SPGI S&P Global Inc. 2.68% 177,550 $75.5M Add +9.2%
ROP Roper Technologies Inc. 2.67% 212,200 $75.1M Add +10.7%
APG Api Group Corp. 2.66% 1,844,652 $74.7M Reduce -35.1%
MCO Moody's Corp. 2.37% 153,000 $66.7M Add +29.4%
LOW Lowe's Cos Inc. 2.25% 268,550 $63.5M Reduce -0.1%
ORLY O'reilly Automotive Inc. 2.18% 665,000 $61.4M No change
VRSN Verisign Inc. 2.16% 244,300 $60.7M Add +503.2%
ACN Accenture PLC Class A 2.11% 300,080 $59.5M Add +26.6%
CVX Chevron Corp. 1.85% 252,067 $52.2M Reduce -6.0%
BR Broadridge Financial Solutio 1.82% 315,490 $51.3M Add +27.6%
ATR Aptargroup Inc. 1.73% 387,160 $48.8M Add +0.9%
TSM Taiwan Semiconductor-SP ADR 1.73% 144,350 $48.8M No change
FANG Diamondback Energy Inc. 1.66% 236,700 $46.8M Reduce -3.5%
TSEM Tower Semiconductor Ltd. 1.62% 260,000 $45.6M No change
EXE Expand Energy Corp. 1.60% 410,720 $45.1M Add +10.9%
CCEP Coca-Cola Europacific Partne 1.55% 480,000 $43.5M Reduce -2.5%
WBI Waterbridge Infrastruc Class A 1.53% 1,603,029 $42.9M Add +15.7%
INTC Intel Corp. 1.50% 958,200 $42.3M New
FAST Fastenal Co. 1.49% 901,600 $41.8M No change
LHX L3HARRIS Technologies Inc. 1.48% 120,575 $41.6M Reduce -7.9%
LB Landbridge Co. LLC-A 1.45% 592,891 $40.9M No change
TFC Truist Financial Corp. 1.38% 842,695 $38.7M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.38% 242,450 $38.7M Reduce -7.9%
ZTS Zoetis Inc. 1.36% 323,500 $38.2M Add +21.2%
GPC Genuine Parts Co. 1.35% 358,750 $37.9M Reduce -9.0%
LMT Lockheed Martin Corp. 1.33% 62,000 $37.5M No change
XPEL Xpel Inc. 1.30% 824,839 $36.5M Reduce -5.0%
BRO Brown & Brown Inc. 1.29% 555,400 $36.2M No change
RMBS Rambus Inc. 1.28% 420,337 $36.2M Add +133.1%
WPM Wheaton Precious Metals Corp. 1.23% 265,000 $34.7M Reduce -2.2%
AOS Smith (a.o.) Corp. 1.21% 517,733 $34.1M Add +0.5%
SIMO Silicon Motion Technol-ADR 1.20% 300,000 $33.7M Add +36.4%
ALC Alcon Inc. filed as ALCON AG 1.08% 404,983 $30.5M Reduce -9.5%
FNV Franco-Nevada Corp. 1.08% 122,700 $30.3M Reduce -2.4%
CSL Carlisle Cos Inc. 1.07% 90,000 $30.0M No change
POOL Pool Corp. 1.02% 141,500 $28.6M Add +607.5%
FNF Fidelity National Financial 1.01% 615,000 $28.5M No change
ENTG Entegris Inc. 0.83% 200,000 $23.4M No change
HIFS Hingham Institution for SVGS 0.82% 81,087 $23.2M No change
SN Sharkninja Inc. 0.76% 200,700 $21.3M Add +14.2%
SNX TD Synnex Corp. 0.72% 119,500 $20.2M Reduce -29.5%
PBT Permian Basin Royalty Trust 0.71% 933,719 $20.1M Reduce -3.5%
DPZ Domino's Pizza Inc. 0.70% 55,000 $19.7M New
FOUR SHIFT4 Payments Inc. Class A 0.69% 445,691 $19.5M Add +55.5%
BN Brookfield Corp. 0.69% 479,703 $19.4M Add +0.4%
DGX Quest Diagnostics Inc. 0.67% 95,900 $18.8M No change
CPRT Copart Inc. 0.66% 555,800 $18.5M Reduce -0.4%
BKNG Booking Holdings Inc. 0.60% 4,000 $16.8M No change
JOE The St Joe Co. 0.59% 266,400 $16.7M Reduce -14.2%
ICE Intercontinental Exchange Inc. 0.58% 104,700 $16.5M Add +10.2%
ESAB Esab Corp. 0.58% 170,000 $16.4M Add +112.5%
MIR Mirion Technologies Inc. 0.56% 854,300 $15.9M Add +7.5%
XOM Exxon Mobil Corp. 0.53% 88,278 $15.0M Reduce -0.7%
SLB SLB Ltd. filed as SLB LIMITED 0.47% 260,000 $13.4M Reduce -20.6%
AWI Armstrong World Industries 0.46% 78,000 $12.9M No change
ACGL Arch Capital Group Ltd. 0.44% 130,000 $12.5M Add +30.0%
BLDR Builders Firstsource Inc. 0.42% 143,600 $11.8M Add +49.9%
WINA Winmark Corp. 0.40% 26,600 $11.4M No change
WU Western Union Co. 0.40% 1,300,000 $11.3M Add +30.0%
ALLE Allegion PLC 0.39% 76,000 $11.0M No change
IQV Iqvia Holdings Inc. 0.39% 64,000 $10.9M No change
GLD SPDR Gold Shares 0.37% 24,344 $10.5M No change
WSO Watsco Inc. 0.33% 25,185 $9.2M Reduce -84.9%
DSGR Distribution Solutions Group 0.29% 312,532 $8.2M No change
GFL GFL Environmental Inc.-Sub VT 0.29% 196,093 $8.2M No change
FIX Comfort Systems USA Inc. 0.26% 5,300 $7.3M Reduce -19.7%
SBAC SBA Communications Corp. 0.24% 40,000 $6.9M Reduce -75.6%
CSW CSW Industrials Inc. 0.24% 26,000 $6.8M No change
ETN Eaton Corp. PLC 0.23% 18,256 $6.5M Reduce -1.9%
BL Blackline Inc. 0.23% 175,000 $6.5M Reduce -74.6%
CHE Chemed Corp. 0.23% 17,020 $6.4M Reduce -73.7%
SNPS Synopsys Inc. 0.19% 13,724 $5.4M Reduce -1.2%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.18% 140,550 $5.1M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.14% 25,300 $4.0M No change
TIC Tic Solutions Inc. 0.14% 607,476 $4.0M Reduce -25.3%
KARO Karooooo Ltd. 0.14% 78,365 $3.9M No change
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.14% 125,925 $3.8M Add +3.0%
APO Apollo Global Management Inc. 0.13% 32,593 $3.6M Add +3.6%
STNE Stoneco Ltd. Class A 0.13% 256,400 $3.6M No change
BNT Brookfield Wealth Solutions 0.13% 87,398 $3.6M No change
BAM Brookfield Asset Mgmt-A 0.13% 81,177 $3.6M Add +1.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.11% 217,600 $3.1M No change
VIST Vista Energy Sab DE CV 0.10% 38,400 $2.9M Add +28.0%
TEL Te Connectivity PLC 0.10% 13,200 $2.8M Add +5.6%
DLO Dlocal Ltd. 0.10% 207,200 $2.7M No change
HWM Howmet Aerospace Inc. 0.09% 11,500 $2.7M No change
PR Permian Resources Corp. Class A 0.09% 120,500 $2.6M New
HDB HDFC Bank Ltd.-ADR 0.09% 100,100 $2.5M No change
FG F&G Annuities & Life Inc. 0.09% 96,384 $2.4M Reduce -27.7%
OXY Occidental Petroleum Corp. 0.08% 36,250 $2.4M Reduce -65.9%
HNGE Hinge Health Inc. Class A 0.08% 59,000 $2.3M Add +28.3%
GDX Vaneck Gold Miners ETF 0.08% 23,075 $2.1M Add +23.7%
FSV Firstservice Corp. 0.07% 15,000 $2.1M Add +100.0%
STVN Stevanato Group SPA 0.06% 126,281 $1.7M No change
AAPL Apple Inc. 0.06% 6,500 $1.6M Reduce -7.1%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 3,410 $1.6M No change
PAAS Pan American Silver Corp. 0.05% 25,000 $1.4M Reduce -50.0%
BSV Vanguard Short-Term Bond ETF 0.04% 15,000 $1.2M No change
ROST Ross Stores Inc. 0.03% 4,300 $932K Reduce -8.5%
MSFT Microsoft Corp. 0.03% 2,445 $905K Reduce -17.0%
REGN Regeneron Pharmaceuticals 0.03% 1,100 $850K No change
MAS Masco Corp. 0.03% 12,500 $755K Reduce -50.0%
USLM United States Lime & Mineral 0.03% 5,593 $731K New
SHOP Shopify Inc. Class A 0.03% 6,150 $730K No change
VWO Vanguard Ftse Emerging Marke 0.02% 12,792 $691K No change
PHR Phreesia Inc. 0.02% 78,700 $660K No change
ULTA Ulta Beauty Inc. 0.02% 1,124 $588K Reduce -30.8%
SYK Stryker Corp. 0.02% 1,700 $559K Reduce -10.5%
PHM Pultegroup Inc. 0.02% 4,398 $517K No change
JNJ Johnson & Johnson 0.02% 1,963 $480K Reduce -13.3%
VRTX Vertex Pharmaceuticals Inc. 0.02% 1,000 $447K No change
V Visa Inc. Class A 0.02% 1,470 $444K No change
GDXJ Vaneck Junior Gold Miners 0.01% 3,360 $403K New
NSC Norfolk Southern Corp. 0.01% 1,359 $390K No change
WMT Walmart Inc. 0.01% 2,950 $367K Reduce -3.3%
CB Chubb Ltd. 0.01% 1,000 $326K Reduce -23.1%
DE Deere & Co. 0.01% 550 $310K No change
EQIX Equinix Inc. 0.01% 305 $299K Reduce -24.7%
KR Kroger Co. 0.01% 3,700 $268K No change
MMM 3M Co. 0.01% 1,700 $247K No change
EMR Emerson Electric Co. 0.01% 1,700 $223K Reduce -15.0%
GGG Graco Inc. 0.01% 2,524 $214K Reduce -26.3%
GD General Dynamics Corp. 0.01% 598 $205K Reduce -25.1%
NOC Northrop Grumman Corp. 0.01% 300 $205K New

Portfolio Sells Q4 2025 → Q1 2026
WSO Watsco Inc. Reduce -84.9% 0.33% −1.64
MA Mastercard Inc. Class A Reduce -19.4% 3.26% −1.28
APG Api Group Corp. Reduce -35.1% 2.66% −1.15
BL Blackline Inc. Reduce -74.6% 0.23% −1.10
SLAB Silicon Laboratories Inc. Sold out 0.00% −0.88
SBAC SBA Communications Corp. Reduce -75.6% 0.24% −0.86
BATRK Atlanta Braves Holdings in-C Sold out 0.00% −0.75
CHE Chemed Corp. Reduce -73.7% 0.23% −0.74
TSCO Tractor Supply Company Sold out 0.00% −0.69
HEI.A Heico Corp. Class A Reduce -2.7% 3.33% −0.69
CDW CDW Corp. Sold out 0.00% −0.62
GPC Genuine Parts Co. Reduce -9.0% 1.35% −0.35
DBRG Digitalbridge Group Inc. Sold out 0.00% −0.31
XPEL Xpel Inc. Reduce -5.0% 1.30% −0.22
HAE Haemonetics Corp. Sold out 0.00% −0.18
SNX TD Synnex Corp. Reduce -29.5% 0.72% −0.17
ALC Alcon Inc. Reduce -9.5% 1.08% −0.15
TIC Tic Solutions Inc. Reduce -25.3% 0.14% −0.15
CPRT Copart Inc. Reduce -0.4% 0.66% −0.11
OXY Occidental Petroleum Corp. Reduce -65.9% 0.08% −0.07
FG F&G Annuities & Life Inc. Reduce -27.7% 0.09% −0.06
JOE The St Joe Co. Reduce -14.2% 0.59% −0.05
PAAS Pan American Silver Corp. Reduce -50.0% 0.05% −0.04
TJX TJX Companies Inc. Reduce -7.9% 1.38% −0.04
SNPS Synopsys Inc. Reduce -1.2% 0.19% −0.03
MAS Masco Corp. Reduce -50.0% 0.03% −0.03
COP Conocophillips Sold out 0.00% −0.03
MSFT Microsoft Corp. Reduce -17.0% 0.03% −0.02
CCEP Coca-Cola Europacific Partne Reduce -2.5% 1.55% −0.01
ULTA Ulta Beauty Inc. Reduce -30.8% 0.02% −0.01
LOW Lowe's Cos Inc. Reduce -0.1% 2.25% −0.01
COF Capital One Financial Corp. Sold out 0.00% −0.01
QCOM Qualcomm Inc. Sold out 0.00% −0.01
AAPL Apple Inc. Reduce -7.1% 0.06% −0.01
PAYX Paychex Inc. Sold out 0.00% −0.01
SYK Stryker Corp. Reduce -10.5% 0.02% −0.00
CB Chubb Ltd. Reduce -23.1% 0.01% −0.00
GGG Graco Inc. Reduce -26.3% 0.01% −0.00
GD General Dynamics Corp. Reduce -25.1% 0.01% −0.00
EMR Emerson Electric Co. Reduce -15.0% 0.01% −0.00
EQIX Equinix Inc. Reduce -24.7% 0.01% −0.00
JNJ Johnson & Johnson Reduce -13.3% 0.02% +0.00
WMT Walmart Inc. Reduce -3.3% 0.01% +0.00
ROST Ross Stores Inc. Reduce -8.5% 0.03% +0.00
ETN Eaton Corp. PLC Reduce -1.9% 0.23% +0.02
SLB SLB Ltd. Reduce -20.6% 0.47% +0.04
FIX Comfort Systems USA Inc. Reduce -19.7% 0.26% +0.04
WPM Wheaton Precious Metals Corp. Reduce -2.2% 1.23% +0.12
LHX L3HARRIS Technologies Inc. Reduce -7.9% 1.48% +0.13
PBT Permian Basin Royalty Trust Reduce -3.5% 0.71% +0.14

Portfolio Buys Q4 2025 → Q1 2026
VRSN Verisign Inc. Add +503.2% 2.16% +1.81
INTC Intel Corp. New 1.50% +1.50
POOL Pool Corp. Add +607.5% 1.02% +0.86
RMBS Rambus Inc. Add +133.1% 1.28% +0.71
DPZ Domino's Pizza Inc. New 0.70% +0.70
WBI Waterbridge Infrastruc Class A Add +15.7% 1.53% +0.56
SIMO Silicon Motion Technol-ADR Add +36.4% 1.20% +0.48
ESAB Esab Corp. Add +112.5% 0.58% +0.27
MCO Moody's Corp. Add +29.4% 2.37% +0.26
ZTS Zoetis Inc. Add +21.2% 1.36% +0.18
EXE Expand Energy Corp. Add +10.9% 1.60% +0.17
ACGL Arch Capital Group Ltd. Add +30.0% 0.44% +0.11
ATR Aptargroup Inc. Add +0.9% 1.73% +0.10
PR Permian Resources Corp. Class A New 0.09% +0.09
WU Western Union Co. Add +30.0% 0.40% +0.08
BLDR Builders Firstsource Inc. Add +49.9% 0.42% +0.08
SN Sharkninja Inc. Add +14.2% 0.76% +0.07
FOUR SHIFT4 Payments Inc. Class A Add +55.5% 0.69% +0.06
VIST Vista Energy Sab DE CV Add +28.0% 0.10% +0.05
ICE Intercontinental Exchange Inc. Add +10.2% 0.58% +0.05
SBS Cia Saneamento Basico DE-ADR Add +3.0% 0.14% +0.03
FSV Firstservice Corp. Add +100.0% 0.07% +0.03
USLM United States Lime & Mineral New 0.03% +0.03
GDX Vaneck Gold Miners ETF Add +23.7% 0.08% +0.02
GDXJ Vaneck Junior Gold Miners New 0.01% +0.01
AOS Smith (a.o.) Corp. Add +0.5% 1.21% +0.01
NOC Northrop Grumman Corp. New 0.01% +0.01
HNGE Hinge Health Inc. Class A Add +28.3% 0.08% +0.01
TEL Te Connectivity PLC Add +5.6% 0.10% −0.00
BAM Brookfield Asset Mgmt-A Add +1.3% 0.13% −0.02
APO Apollo Global Management Inc. Add +3.6% 0.13% −0.03
BN Brookfield Corp. Add +0.4% 0.69% −0.08
MIR Mirion Technologies Inc. Add +7.5% 0.56% −0.09
ACN Accenture PLC Class A Add +26.6% 2.11% −0.11
BR Broadridge Financial Solutio Add +27.6% 1.82% −0.11
SPGI S&P Global Inc. Add +9.2% 2.68% −0.29
ROP Roper Technologies Inc. Add +10.7% 2.67% −0.31

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