# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0000910472-26-003218
**Filing Date:** 2026-2
**Character Count:** 15836
**Document Hash:** f04dfe30c0a92d27a6fa5340462787fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003218.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003218

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARTZ INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000891160

**ORGANIZATION NAME:**
- **EIN:** 316456713
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07148
- **FILM NUMBER:** 26693612

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Ave Maria Value Fund (Series ID: S000001549)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000004203 | Ave Maria Value Fund | AVEMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Schwartz Investment Trust

- **b. Investment Company Act file number:** 811-07148

- **c. CIK number of Registrant:** 0000891160

- **d. LEI of Registrant:** 549300TMUIREL25T6R98

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 801 West Ann Arbor Trail

  - **City:** Plymouth

  - **State:** MI

  - **Foreign country:** US

  - **Zip / Postal Code:** 48170

  - **Telephone number:** 248-644-8500

**Item A.2. Information about the Series.**

- **a. Name of Series:** AVE MARIA VALUE FUND

- **b. EDGAR series identifier (if any):** S000001549

- **c. LEI of Series:** 549300QOQTN0Y3SRQZ13

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $478473338.34

**Total Liabilities:** $1005471.00

**Net Assets:** $477467867.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004203 | -2.70%               | 1.53%                | -1.61%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5411855.10             | $-8045164.40                               |
| Month 2  | $-3312489.83             | $10386138.29                               |
| Month 3  | $2521.50                 | $-8018624.35                               |

### Schedule of Portfolio Investments

| Name                                | Title                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Armstrong World Industries, Inc.    | Armstrong World Industries, Inc.                                       | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     78000 | NS      | $14905800.00  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                   | Brown & Brown, Inc.                                                    | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    180400 | NS      | $14377880.00  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.          | Builders FirstSource, Inc.                                             | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     75000 | NS      | $7716750.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc.                | CSW Industrials, Inc.                                                  | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     26000 | NS      | $7631780.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                  | Chemed Corporation                                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     13790 | NS      | $5900189.40   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                 | Expand Energy Corporation                                              | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    145500 | NS      | $16057380.00  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                  | Franco-Nevada Corporation                                              | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    100000 | NS      | $20728000.00  | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                    | Haemonetics Corporation                                                | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     50000 | NS      | $4007500.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                          | HEICO Corporation Class A                                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     40000 | NS      | $10097200.00  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.        | Jack Henry & Associates, Inc.                                          | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     25000 | NS      | $4562000.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution for Savings     | Hingham Institution For Savings The                                    | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |     81087 | NS      | $23025464.52  | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc       | Intercontinental Exchange, Inc.                                        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     77000 | NS      | $12470920.00  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| LandBridge Company LLC              | Landbridge Company, LLC                                                | CUSIP: 514952100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    379895 | NS      | $18611056.05  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc    | Distribution Solutions Group, Inc.                                     | CUSIP: 520776105<br>LEI: 549300H1YXSE5TXMGL51 | Long             | EC               | CORP              | US        |    312532 | NS      | $8560251.48   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc             | Mirion Technologies, Inc.                                              | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    665000 | NS      | $15574300.00  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust      | Federated Treasury Obligations Fund Institutional Shares               | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   7323116 | PA      | $7323115.67   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust      | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |  24201462 | PA      | $24201461.70  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.          | Occidental Petroleum Corporation                                       | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     70000 | NS      | $2878400.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Rlty                  | Permian Basin Royalty Trust                                            | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    830219 | NS      | $14097118.62  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc              | Roper Technologies, Inc.                                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     30000 | NS      | $13353900.00  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| St. Joe Co.                         | St Joe Company (The)                                                   | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |    267800 | NS      | $15899286.00  | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                            | Schlumberger N.V.                                                      | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |    264000 | NS      | $10132320.00  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith(Ao)Corp                       | A O Smith Corporation                                                  | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    146600 | NS      | $9804608.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                      | TD SYNNEX Corporation                                                  | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    169500 | NS      | $25463985.00  | 5.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation      | Texas Pacific Land Corporation                                         | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    199500 | NS      | $57300390.00  | 12.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                      | VeriSign, Inc.                                                         | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     40500 | NS      | $9839475.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterbridge Infrastructure LLC      | WaterBridge Infrastructure, LLC                                        | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    655556 | NS      | $13117675.56  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                          | Watsco, Inc.                                                           | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     17400 | NS      | $5862930.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corporation | Wheaton Precious Metals Corporation                                    | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    225000 | NS      | $26442000.00  | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp.                       | Winmark Corporation                                                    | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26600 | NS      | $10771404.00  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Xpel Inc.                           | XPEL, Inc.                                                             | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |    279455 | NS      | $13947599.05  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                   | YETI Holdings, Inc.                                                    | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    138000 | NS      | $6095460.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                        | Allegion plc                                                           | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     76000 | NS      | $12100720.00  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                            | Alcon A.G. 0                                                           | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    195000 | NS      | $15367950.00  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Ave Maria Value Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** VP, Fund Accounting