Schwartz Investment Counsel Inc Q2 2023 vs. Q3 2023: A Deep Dive into the Fund's Changing Holdings

Schwartz Investment Counsel Inc, a prominent investment management firm, has released its quarterly holdings report for the second and third quarters of 2023. The report provides insight into the fund's changing positions and offers a glimpse into the investment strategies employed by the firm. In this article, we will analyze the notable changes in holdings and discuss their potential implications.

TEXAS PACIFIC LAND CORPORATION (TPL):

During the analyzed period, Schwartz Investment Counsel Inc marginally increased its holdings in Texas Pacific Land Corporation. The fund's holdings went from 65,940 shares in Q2 2023 to 66,029 shares in Q3 2023, representing a 0.1% increase. With a value of $120,407, the stake signifies the fund's continued confidence in the company's growth potential.

MASTERCARD INCORPORATED (MA):

Schwartz Investment Counsel Inc maintained its position in Mastercard Incorporated, with no changes in the second and third quarters of 2023. The fund holds 243,324 shares, valued at $96,334, which highlights the firm's long-term investment outlook for the payment processing giant.

ACCENTURE PLC IRELAND (ACN):

Schwartz Investment Counsel Inc's holdings in Accenture PLC Ireland remained steady with 229,050 shares held in both quarters. The values for Q2 and Q3 stood at $70,680 and $70,343, respectively. This consistent position demonstrates the fund's confidence in the company's continued success and its contribution to the fund's portfolio diversification.

TEXAS INSTRS INC (TXN):

Significant changes occurred in Schwartz Investment Counsel Inc's holdings of Texas Instruments Incorporated. The fund reduced its stake from 537,290 shares in Q2 2023 to 437,290 shares in Q3 2023, representing a decrease of 18.6%. The value of the holdings also dropped from $96,722 to $69,533 during the same period. This reduction might be a result of the fund's portfolio rebalancing or a change in the firm's investment strategy.

PIONEER NAT RES CO (PXD):

Schwartz Investment Counsel Inc experienced a slight decrease in its holdings of Pioneer Natural Resources Company. The fund's stake dropped from 312,060 shares in Q2 2023 to 297,760 shares in Q3 2023, representing a decrease of 4.6%. However, in terms of value, the positions went from $64,652 to $68,350, showcasing a modest increase during the same period. These changes might indicate a shift in the fund's outlook on the energy sector.

COPART INC (CPRT):

One of the more notable changes in Schwartz Investment Counsel Inc's holdings comes from its investment in Copart Inc. The fund significantly increased its stake from 785,900 shares in Q2 2023 to 1,571,800 shares in Q3 2023, representing an impressive jump of 99.8%. However, despite the increase in shares, the value dropped to $67,728 from $71,681. This substantial increase in holdings suggests that the fund has a strong conviction about Copart's growth potential.

BROADRIDGE FINL SOLUTIONS IN (BR):

Schwartz Investment Counsel Inc maintained its position in Broadridge Financial Solutions Inc, with no changes in shareholdings during the analyzed period. The fund holds 374,450 shares with a value of $67,045. This consistency likely indicates the fund's confidence in the company's ability to sustain its performance.

HEICO CORP NEW (HEI-A):

The fund kept its position in HEICO Corp New unchanged, with 476,497 shares held in both quarters. The values for Q2 and Q3 stood at $66,995 and $61,572, respectively. This continued investment signifies Schwartz Investment Counsel Inc's trust in the company's long-term prospects and its commitment to maintaining diversified holdings.

S&P GLOBAL INC (SPGI):

Schwartz Investment Counsel Inc witnessed a marginal decrease in its holdings of S&P Global Inc during the analyzed period. The fund's stake dropped from 162,800 shares in Q2 2023 to 162,400 shares in Q3 2023, representing a decrease of 0.2%. The value of the holdings also decreased from $65,264 to $59,342 during the same period. Although the change is relatively minimal, it may indicate a minor shift in the fund's outlook or its rebalancing efforts.

These are just a few examples of the holdings held by Schwartz Investment Counsel Inc during Q2 and Q3 of 2023. It's important to note that changes in holdings can occur for various reasons, including market conditions, company performance, and shifting investment strategies. Investors should always conduct thorough research and analysis before making any investment decisions.

The information provided in this article is for educational and informational purposes only and should not be construed as financial advice.