# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0001752724-23-023470
**Filing Date:** 2023-2
**Character Count:** 15144
**Document Hash:** d7ee317d3c33678eda7a97cc8204ee48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-023470.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001752724-23-023470

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARTZ INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000891160
- **IRS NUMBER:** 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:** 23627173

**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 Growth Fund (Series ID: S000001550)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000004204 | Ave Maria Growth Fund | AVEGX           |

## 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 GROWTH FUND

- **b. EDGAR series identifier (if any):** S000001550

- **c. LEI of Series:** 549300JZSQX05BGWFV18

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $767100617.63

**Total Liabilities:** $2207477.25

**Net Assets:** $764893140.38

**Cash Not Reported:** $85475.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004204 | 6.85%                | 10.32%               | -5.91%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1232510.00              | $46115824.62                               |
| Month 2  | $0.00                    | $75624826.51                               |
| Month 3  | $-4241288.24             | $-43510447.53                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aptargroup Inc.                     | AptarGroup, Inc.                                                       | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |    325000 | NS      | $35743500.00  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.            | O'Reilly Automotive, Inc.                                              | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     51000 | NS      | $43045530.00  | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation      | Texas Pacific Land Corporation                                         | CUSIP: 88262P102<br>LEI: 529900WTH0D1S7BB4S10 | Long             | EC               | CORP              | US        |      5000 | NS      | $11721150.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corporation       | Chesapeake Energy Corporation                                          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    220000 | NS      | $20761400.00  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc. | Broadridge Financial Solutions, Inc.                                   | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     72000 | NS      | $9657360.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                        | NVIDIA Corporation                                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    125000 | NS      | $18267500.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitime Corporation                  | Sitime Corporation                                                     | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $6097200.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ansys Inc                           | ANSYS, Inc.                                                            | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |     54000 | NS      | $13045860.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                  | RH                                                                     | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     30000 | NS      | $8015700.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                       | Accenture plc Class A                                                  | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91000 | NS      | $24282440.00  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                 | IQVIA Holdings, Inc.                                                   | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |    145000 | NS      | $29709050.00  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp                         | Moody's Corporation                                                    | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     35000 | NS      | $9751700.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                       | Equinix, Inc. REIT                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     40500 | NS      | $26528715.00  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation               | Microsoft Corporation                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    180000 | NS      | $43167600.00  | 5.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.               | Lowe's Companies, Inc.                                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    122000 | NS      | $24307280.00  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Metal Packaging S A          | Ardagh Metal Packaging S.A. Class A                                    | CUSIP: L02235106<br>LEI: 5493009WKQTU4FN9G032 | Long             | EC               | CORP              | LU        |   3772376 | NS      | $18145128.56  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated             | Mastercard, Inc. Class A                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    142000 | NS      | $49377660.00  | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                      | S&P Global, Inc.                                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     96000 | NS      | $32154240.00  | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                          | Copart, Inc.                                                           | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    850000 | NS      | $51756500.00  | 6.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Software AG                         | Software AG ADR                                                        | CUSIP: 83403H101<br>LEI: 529900M1LIO0SLOBAS50 | Long             | EC               | CORP              | DE        |   1638504 | NS      | $10044029.52  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.        | Advanced Micro Devices, Inc.                                           | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    340000 | NS      | $22021800.00  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                    | Brookfield Corporation                                                 | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    712500 | NS      | $22415250.00  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd     | Brookfield Asset Management Ltd.                                       | CUSIP: 113004105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    179353 | NS      | $5142050.51   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated      | Texas Instruments, Inc.                                                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    275000 | NS      | $45435500.00  | 5.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                  | Chemed Corporation                                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     20000 | NS      | $10208600.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                      | API Group Corporation                                                  | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |   1795000 | NS      | $33763950.00  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc              | Roper Technologies, Inc.                                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     68000 | NS      | $29382120.00  | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Reinsurance Ltd.         | Brookfield Reinsurance Ltd. Ltd.                                       | CUSIP: G16250105<br>LEI: 9845004583U3B8E06924 | Long             | EC               | CORP              | CA        |      4913 | NS      | $153727.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corporation      | SBA Communications Corporation                                         | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     76000 | NS      | $21303560.00  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                       | Valvoline, Inc.                                                        | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    700000 | NS      | $22855000.00  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                          | HEICO Corporation Class A                                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    299377 | NS      | $35880333.45  | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated                           | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |  32350168 | PA      | $32350167.98  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

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

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** VP, Fund Accounting