# SCHWARTZ INVESTMENT COUNSEL INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 909151. Source: https://holderbook.com/funds/909151-schwartz-investment-counsel-inc/

- Reported value: $3.0B
- Positions: 138
- Weight of the ten largest: 37.4%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $180.9M | 413,457 | 6.0% | 22 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $139.8M | 468,900 | 4.6% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $139.4M | 696,604 | 4.6% | 16 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $114.4M | 443,590 | 3.8% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $112.7M | 235,882 | 3.7% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $94.2M | 183,474 | 3.1% | 31 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $92.4M | 367,300 | 3.1% | 9 |
| SILICON MOTION TECHNOLOGY CO | [SIMO](https://holderbook.com/stocks/SIMO/) | $90.0M | 270,000 | 3.0% | 10 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $85.7M | 210,550 | 2.8% | 31 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $77.8M | 1,836,893 | 2.6% | 22 |
| SHARKNINJA INC | [SN](https://holderbook.com/stocks/SN/) | $75.5M | 495,700 | 2.5% | 12 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $69.3M | 153,000 | 2.3% | 31 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $65.0M | 192,100 | 2.2% | 31 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $61.2M | 665,000 | 2.0% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $59.2M | 268,550 | 2.0% | 31 |
| WATERBRIDGE INFRASTRUCTURE L | [WBI](https://holderbook.com/stocks/WBI/) | $57.6M | 1,681,789 | 1.9% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $57.0M | 408,122 | 1.9% | 2 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $51.8M | 445,000 | 1.7% | 1 |
| LANDBRIDGE COMPANY LLC | [LB](https://holderbook.com/stocks/LB/) | $51.1M | 644,716 | 1.7% | 9 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $49.2M | 393,110 | 1.6% | 20 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $48.0M | 480,000 | 1.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $45.3M | 273,067 | 1.5% | 26 |
| EXPAND ENERGY CORPORATION | [EXE](https://holderbook.com/stocks/EXE/) | $43.8M | 480,720 | 1.5% | 18 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $43.3M | 901,600 | 1.4% | 31 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $43.2M | 315,630 | 1.4% | 31 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $42.3M | 658,650 | 1.4% | 21 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $41.6M | 236,700 | 1.4% | 11 |
| XPEL INC | [XPEL](https://holderbook.com/stocks/XPEL/) | $40.8M | 822,824 | 1.4% | 10 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $40.1M | 339,750 | 1.3% | 31 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $35.0M | 120,575 | 1.2% | 10 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $33.1M | 65,000 | 1.1% | 22 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $33.0M | 525,883 | 1.1% | 24 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $32.4M | 180,000 | 1.1% | 4 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $31.9M | 119,500 | 1.1% | 12 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $30.7M | 202,450 | 1.0% | 31 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $29.3M | 99,000 | 1.0% | 2 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $29.0M | 80,000 | 1.0% | 14 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $28.7M | 110,000 | 1.0% | 4 |
| GFL ENVIRONMENTAL INC | [GFL](https://holderbook.com/stocks/GFL/) | $27.4M | 745,863 | 0.9% | 23 |
| HINGHAM INSTN SVGS MASS | [HIFS](https://holderbook.com/stocks/HIFS/) | $25.1M | 81,582 | 0.8% | 23 |
| PERMIAN BASIN RTY TR | [PBT](https://holderbook.com/stocks/PBT/) | $23.4M | 933,719 | 0.8% | 15 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $23.0M | 205,000 | 0.8% | 14 |
| SHIFT4 PMTS INC | [FOUR](https://holderbook.com/stocks/FOUR/) | $22.4M | 460,941 | 0.7% | 4 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $22.4M | 104,110 | 0.7% | 3 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $20.3M | 95,900 | 0.7% | 26 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $17.8M | 100,000 | 0.6% | 31 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $17.8M | 85,200 | 0.6% | 24 |
| ESAB CORPORATION | [ESAB](https://holderbook.com/stocks/ESAB/) | $16.9M | 171,530 | 0.6% | 3 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $16.8M | 75,214 | 0.6% | 1 |
| ST JOE CO | [JOE](https://holderbook.com/stocks/JOE/) | $14.1M | 224,400 | 0.5% | 17 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $13.5M | 109,300 | 0.4% | 21 |
| RAMBUS INC DEL | [RMBS](https://holderbook.com/stocks/RMBS/) | $13.3M | 100,000 | 0.4% | 6 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $12.6M | 130,000 | 0.4% | 3 |
| ARMSTRONG WORLD INDS INC NEW | [AWI](https://holderbook.com/stocks/AWI/) | $12.5M | 78,000 | 0.4% | 14 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $12.4M | 64,000 | 0.4% | 31 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $12.1M | 242,695 | 0.4% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $12.1M | 88,278 | 0.4% | 23 |
| STANDARDAERO INC | [SARO](https://holderbook.com/stocks/SARO/) | $11.7M | 390,390 | 0.4% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $11.6M | 250,000 | 0.4% | 24 |
| WINMARK CORP | [WINA](https://holderbook.com/stocks/WINA/) | $11.4M | 26,880 | 0.4% | 16 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $11.2M | 20,054 | 0.4% | 1 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $10.7M | 76,000 | 0.4% | 15 |
| WESTERN UN CO | [WU](https://holderbook.com/stocks/WU/) | $10.4M | 1,350,000 | 0.3% | 6 |
| STEVANATO GROUP S P A | [STVN](https://holderbook.com/stocks/STVN/) | $10.4M | 574,751 | 0.3% | 18 |
| EAGLEROCK LD LLC | - | $10.4M | 488,115 | 0.3% | 1 |
| MIRION TECHNOLOGIES INC | [MIR](https://holderbook.com/stocks/MIR/) | $10.3M | 573,910 | 0.3% | 18 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $9.0M | 24,344 | 0.3% | 31 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $8.9M | 4,500 | 0.3% | 8 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $8.8M | 98,135 | 0.3% | 14 |
| DISTRIBUTION SOLUTIONS GRP I | [DSGR](https://holderbook.com/stocks/DSGR/) | $8.7M | 317,047 | 0.3% | 10 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $7.8M | 165,000 | 0.3% | 28 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $7.8M | 18,256 | 0.3% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $7.7M | 61,610 | 0.3% | 31 |
| CSW INDUSTRIALS INC | [CSW](https://holderbook.com/stocks/CSW/) | $7.4M | 26,535 | 0.2% | 3 |
| YETI HLDGS INC | [YETI](https://holderbook.com/stocks/YETI/) | $7.1M | 142,870 | 0.2% | 21 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $7.1M | 40,000 | 0.2% | 31 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $6.1M | 13,724 | 0.2% | 4 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $5.1M | 76,683 | 0.2% | 26 |
| HINGE HEALTH INC | [HNGE](https://holderbook.com/stocks/HNGE/) | $5.0M | 60,800 | 0.2% | 3 |
| BLACKLINE INC | [BL](https://holderbook.com/stocks/BL/) | $4.9M | 175,000 | 0.2% | 14 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $4.6M | 107,719 | 0.2% | 15 |
| KAROOOOO LTD | [KARO](https://holderbook.com/stocks/KARO/) | $4.0M | 80,755 | 0.1% | 21 |
| BROOKFIELD WEALTH SOL LTD | [BNT](https://holderbook.com/stocks/BNT/) | $3.9M | 90,954 | 0.1% | 8 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $3.7M | 277,000 | 0.1% | 8 |
| COMPANHIA DE SANEAMENTO BASI | [SBS](https://holderbook.com/stocks/SBS/) | $3.6M | 630,635 | 0.1% | 7 |
| TIC SOLUTIONS INC | [TIC](https://holderbook.com/stocks/TIC/) | $3.5M | 438,467 | 0.1% | 4 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $3.5M | 25,300 | 0.1% | 23 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $3.4M | 70,750 | 0.1% | 14 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $3.2M | 26,980 | 0.1% | 12 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $3.1M | 11,500 | 0.1% | 7 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $2.8M | 44,500 | 0.1% | 4 |
| DLOCAL LTD | [DLO](https://holderbook.com/stocks/DLO/) | $2.7M | 207,200 | 0.1% | 4 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $2.7M | 13,200 | 0.1% | 8 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $2.6M | 100,100 | 0.1% | 17 |
| F&G ANNUITIES & LIFE INC | [FG](https://holderbook.com/stocks/FG/) | $2.6M | 96,384 | 0.1% | 15 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $2.3M | 15,845 | 0.1% | 25 |
| PERMIAN RESOURCES CORP | [PR](https://holderbook.com/stocks/PR/) | $2.2M | 120,500 | 0.1% | 2 |
| UNITED STS LIME & MINERALS I | [USLM](https://holderbook.com/stocks/USLM/) | $2.1M | 20,123 | 0.1% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.0M | 4,010 | 0.1% | 31 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $1.9M | 68,500 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.6% | +14.8% | -5.2% | 100% |
| Q1 2026 | +1.7% | -4.6% | +6.3% | 100% |
| Q4 2025 | -1.8% | +2.4% | -4.1% | 100% |
| Q3 2025 | +0.4% | +7.8% | -7.4% | 100% |
| Q2 2025 | +4.0% | +10.5% | -6.5% | 100% |
| Q1 2025 | +2.1% | -4.6% | +6.6% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.3% | 100% |
| Q3 2024 | +9.1% | +5.4% | +3.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.0B | 138 |
| Q1 2026 | $2.8B | 129 |
| Q4 2025 | $2.9B | 133 |
| Q3 2025 | $3.0B | 130 |
| Q2 2025 | $3.0B | 124 |
| Q1 2025 | $2.9B | 126 |
| Q4 2024 | $2.8B | 128 |
| Q3 2024 | $2.8B | 131 |
| Q2 2024 | $2.7B | 134 |
| Q1 2024 | $2.7B | 140 |
| Q4 2023 | $2.6B | 138 |
| Q3 2023 | $2.3B | 138 |