# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0001752724-25-203747
**Filing Date:** 2025-8
**Character Count:** 15128
**Document Hash:** 4717419a867263ef57ac2be0e24334a9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203747.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203747

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**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:** 251253482

**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:** 2025-06-30

**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:** $510149343.89

**Total Liabilities:** $990755.55

**Net Assets:** $509158588.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004203 | -1.54%               | 1.24%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8296948.11              | $-15293376.12                              |
| Month 2  | $-0.01                   | $5608081.85                                |
| Month 3  | $0.00                    | $3579249.85                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intercontinental Exchange Inc       | Intercontinental Exchange, Inc.                                        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     77000 | NS      | $14127190.00  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                | Schlumberger Ltd.                                                      | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |    350000 | NS      | $11830000.00  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                          | HEICO Corporation Class A                                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     40000 | NS      | $10350000.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xpel Inc.                           | XPEL, Inc.                                                             | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |    257455 | NS      | $9242634.50   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.    | Armstrong World Industries, Inc.                                       | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     78000 | NS      | $12670320.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                   | Brown & Brown, Inc.                                                    | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    167150 | NS      | $18531920.50  | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                 | Expand Energy Corporation                                              | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    145500 | NS      | $17014770.00  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LandBridge Company LLC              | Landbridge Company, LLC                                                | CUSIP: 514952100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    356895 | NS      | $24118964.10  | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Rlty                  | PERMIAN BASIN ROYALTY TRUST                                            | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1246474 | NS      | $15531066.04  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                            | Alcon, Inc. 0                                                          | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    145000 | NS      | $12800600.00  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation      | Texas Pacific Land Corporation                                         | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66500 | NS      | $70249935.00  | 13.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution for Savings     | HINGHAM INSTITUTION FOR SAVINGS                                        | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |     81087 | NS      | $20137956.45  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                        | Allegion plc                                                           | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     76000 | NS      | $10953120.00  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp.                       | Winmark Corporation                                                    | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26600 | NS      | $10044426.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.          | Occidental Petroleum Corporation                                       | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    350000 | NS      | $14703500.00  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.          | Builders FirstSource, Inc.                                             | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     65000 | NS      | $7584850.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith(Ao)Corp                       | A.O. Smith Corporation                                                 | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    183600 | NS      | $12038652.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                   | Yeti Holdings, Inc.                                                    | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    315000 | NS      | $9928800.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc    | Distribution Solutions Group, Inc.                                     | CUSIP: 520776105<br>LEI: 549300H1YXSE5TXMGL51 | Long             | EC               | CORP              | US        |    330424 | NS      | $9076747.28   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                            | CDW Corporation                                                        | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     96250 | NS      | $17189287.50  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                      | SYNNEX Corporation                                                     | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    169500 | NS      | $23001150.00  | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| St. Joe Co.                         | St Joe Company (The)                                                   | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |    267800 | NS      | $12774060.00  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc             | Mirion Technologies, Inc.                                              | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    825000 | NS      | $17762250.00  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Company           | Simply Good Foods Company (The)                                        | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    310000 | NS      | $9792900.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                    | Haemonetics Corporation                                                | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |    336000 | NS      | $25068960.00  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                  | Chemed Corporation                                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     27580 | NS      | $13429529.40  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.        | Jack Henry & Associates, Inc.                                          | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     25000 | NS      | $4504250.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc              | Roper Technologies, Inc.                                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     18000 | NS      | $10203120.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corporation | Wheaton Precious Metals Corporation                                    | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | BR        |    225000 | NS      | $20205000.00  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                  | FRANCO-NEVADA CORPORATION                                              | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    100000 | NS      | $16392000.00  | 3.22%             |  |  |  | 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        |  16836981 | PA      | $16836981.07  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                      | VeriSign, Inc.                                                         | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     40500 | NS      | $11696400.00  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Daniel D. Bauer

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

**Title:** VP, Fund Accounting