Schwartz Investment Counsel Inc Q3 2022 vs. Q4 2022 13F Holdings Comparison

It's always interesting to delve into the latest 13F filings to see what the top investment funds have added or reduced in their portfolios. In the latest available filing, Schwartz Investment Counsel Inc has made some significant changes. Let's take a closer look at where they put their money in Q3 2022 and where it shifted to in Q4 2022.

Starting with the top holdings in Q3 2022, Schwartz Investment Counsel had a total value of $1.17 billion spread across 43 stocks. Their biggest holding was in Texas Pacific Land Corporation, with 73,987 shares worth $131.49 million. They also had a large holding in Texas Instruments Inc with 537,150 shares worth $83.14 million. Mastercard Inc was the 3rd largest holding with 240,324 shares worth $68.33 million.

Moving to Q4 2022, we see a shift in the top holdings. Schwartz Investment Counsel's total value increased to $1.27 billion across 48 stocks. The biggest holding was now in Texas Pacific Land Corporation, although the number of shares was reduced to 65,690, the value had increased to $153.99 million. Texas Instruments Inc remained their 2nd largest holding with 537,150 shares worth $88.74 million. Mastercard Inc remained in the top three holdings with 240,324 shares worth $83.56 million.

Looking at the biggest movers within Schwartz Investment Counsel's portfolio, there were quite a few changes. The biggest percentage increase came from RH, with a whopping 67.8% increase. They went from 94,250 shares worth $23.19 million to 145,675 shares worth $38.92 million. Franco Nevada Corp saw the second biggest percentage increase, of 18.4%, while Valvoline Inc and Moody's Corp both increased by over 14%.

On the other side of the coin, some stocks saw a reduction in their holdings. The biggest decrease came from Ardagh Metal Packaging SA, with a 6.7% reduction. This was closely followed by Genuine Parts Co, with a 10.8% reduction. Meanwhile, Schlumberger Ltd (SLB) saw a huge increase by almost 49%.

In conclusion, Schwartz Investment Counsel made some significant shifts in their holdings between Q3 2022 and Q4 2022. Texas Pacific Land Corporation remained their biggest holding, while they also maintained a stake in Texas Instruments Inc and Mastercard Inc. What's notable is the significant increase in the portfolio's value over just one quarter. It will be interesting to see if Schwartz Investment Counsel makes any further shifts in the coming quarters.