13F-HR 1 fp0004897_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Schwartz Investment Counsel, Inc. Address: 3707 West Maple Road Bloomfield Hills, MI 48301 Form 13F File Number: 28-5434 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: George P. Schwartz Title: President Phone: (248) 644-8500 Signature, Place, and Date of Signing: /s/ George P. Schwartz Bloomfield Hills, Michigan 5/14/2012 ---------------------- -------------------------- --------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 188 ----------- Form 13F Information Table Value Total: $ 790,099 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- -------------- --------- ---------- --------------------- ---------- -------- ------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- -------------- --------- ---------- ---------- --- ---- ---------- -------- ------- ------ ---- ACCENTURE PLC IRELAND SHS CLASS A G1151C101 14751 228700 SH SOLE 228700 HERBALIFE LTD COM USD SHS G4412G101 5987 87000 SH SOLE 87000 WHITE MNTS INS GROUP LTD COM G9618E107 753 1500 SH SOLE 1500 SIGNET JEWELERS LIMITED SHS G81276100 355 7500 SH SOLE 7500 ACE LTD SHS H0023R105 644 8800 SH SOLE 8800 FOSTER WHEELER LTD SHS NEW H27178104 2922 128400 SH SOLE 128400 ABB LTD SPONSORED ADR 000375204 14894 264875 SH SOLE 264875 ABBOTT LABS COM 002824100 17154 279875 SH SOLE 279875 ADTRAN INC COM 00738A106 3119 100000 SH SOLE 100000 ADVANCE AUTO PARTS INC COM 00751Y106 3986 45000 SH SOLE 45000 ADVANTAGE OIL & GAS LTD COM 00765F101 134 40000 SH SOLE 40000 ALLEGHANY COM 017175100 7146 21714 SH SOLE 21714 ALLIANT TECHSYSTEMS INC COM 018804104 902 18000 SH SOLE 18000 ALTERA CORP COM 021441100 5212 130900 SH SOLE 130900 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 323 13000 SH SOLE 13000 AMETEK INC NEW COM 031100100 6229 128400 SH SOLE 128400 AMPHENOL CORP NEW CL A 032095101 6676 111700 SH SOLE 111700 APPLE INC COM 037833100 1559 2600 SH SOLE 2600 APPLIED MATLS INC COM 038222105 373 30000 SH SOLE 30000 ARRIS GROUP INC COM 04269Q100 565 50000 SH SOLE 50000 ARROW ELECTRS INC COM 042735100 420 10000 SH SOLE 10000 ATRION CORP COM 049904105 222 1057 SH SOLE 1057 ATWOOD OCEANICS INC COM 050095108 494 11000 SH SOLE 11000 AUTOMATIC DATA PROCESSING IN COM 053015103 245 4440 SH SOLE 4440 AUTOZONE INC COM 053332102 7919 21300 SH SOLE 21300 AVNET INC COM 053807103 1456 40000 SH SOLE 40000 BB&T CORP COM 054937107 8227 262100 SH SOLE 262100 BP PLC SPONSORED ADR 055622104 405 9000 SH SOLE 9000 BANCO SANTANDER SA ADR 05964H105 238 31069 SH SOLE 31069 BANK OF NEW YORK MELLON CORP COM 064058100 9652 400000 SH SOLE 400000 BARD C R INC COM 067383109 6743 68300 SH SOLE 68300 BARCLAYS PLC ADR 06738E204 303 20000 SH SOLE 20000 BARRICK GOLD CORP COM 067901108 870 20000 SH SOLE 20000 BECTON DICKINSON & CO. COM 075887109 777 10000 SH SOLE 10000 BERKSHIRE HATHAWAY INC DEL CL A 084670108 1219 10 SH SOLE 10 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 568 7000 SH SOLE 7000 BHP BILLITON LTD SPONSORED ADR 088606108 326 4500 SH SOLE 4500 BLOCK H & R INC COM 093671105 1235 75000 SH SOLE 75000 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 808 33800 SH SOLE 33800 BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 1058 100000 SH SOLE 100000 CANADIAN NATL RY CO COM 136375102 397 5000 SH SOLE 5000 CANADIAN NAT RES LTD COM 136385101 332 10000 SH SOLE 10000 CARBO CERAMICS INC COM 140781105 527 5000 SH SOLE 5000 CATERPILLAR INC DEL COM 149123101 3068 28800 SH SOLE 28800 CATO CORP NEW CL A 149205106 7521 272100 SH SOLE 272100 CHICOS FAS INC COM 168615102 6123 405500 SH SOLE 405500 CIMAREX ENERGY CO COM 171798101 1660 22000 SH SOLE 22000 CISCO SYS INC COM 17275R102 1365 64550 SH SOLE 64550 CLOROX CO DEL COM 189054109 11798 171600 SH SOLE 171600 CLOUD PEAK ENERGY INC COM 18911Q102 956 60000 SH SOLE 60000 COACH INC COM 189754104 12458 161200 SH SOLE 161200 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 6687 86900 SH SOLE 86900 COLGATE PALMOLIVE CO COM 194162103 7646 78200 SH SOLE 78200 CONOCOPHILLIPS COM 20825C104 18691 245900 SH SOLE 245900 CRACKER BARREL OLD CTRY STOR COM 22410J106 5134 92000 SH SOLE 92000 DANAHER CORP DEL COM 235851102 5727 102275 SH SOLE 102275 DELL INC COM 24702R101 2119 127700 SH SOLE 127700 DEVON ENERGY CORP NEW COM 25179M103 4623 65000 SH SOLE 65000 DEVRY INC DEL COM 251893103 10794 318700 SH SOLE 318700 DIAGEO P L C SPON ADR NEW 25243Q205 627 6500 SH SOLE 6500 DIEBOLD INC COM 25243Q205 636 16500 SH SOLE 16500 DIAMOND OFFSHORE DRILLING COM 25271C102 217 3250 SH SOLE 3250 DONALDSON INC COM 257651109 4388 122800 SH SOLE 122800 DOVER CORP COM 260003108 629 10000 SH SOLE 10000 DUN & BRADSTREET CORP DEL NE COM 26483E100 508 6000 SH SOLE 6000 EXCO RESOURCES INC. COM 269279402 166 25000 SH SOLE 25000 EATON VANCE CORP COM NON VTG 278265103 4761 166600 SH SOLE 166600 EMERSON ELEC CO COM 291011104 10227 196000 SH SOLE 196000 ENSCO PLC SPONSORED ADR 29358Q109 2647 50000 SH SOLE 50000 EXPEDITORS INTL WASH INC COM 302130109 2435 52350 SH SOLE 52350 EXXON MOBIL CORP COM 30231G102 22507 259502 SH SOLE 259502 FLIR SYS INC COM 302445101 506 20000 SH SOLE 20000 FMC CORP COM NEW 302491303 6299 59500 SH SOLE 59500 FEDERATED INVS INC PA CL B 314211103 15649 698300 SH SOLE 698300 FIRSTFED FINL CORP NEW SHS 31429C101 211 15320 SH SOLE 15320 FLOWSERVE CORP COM 34354P105 3003 26000 SH SOLE 26000 FOREST OIL CORP COM PAR $.01 346091705 928 76550 SH SOLE 76550 GENERAL CABLE CORP DEL NEW COM 369300108 6032 207425 SH SOLE 207425 GENERAL DYNAMICS CORP COM 369550108 15780 215050 SH SOLE 215050 GENERAL ELECTRIC COM 369604103 254 12650 SH SOLE 12650 GENUINE PARTS CO COM 372460105 3004 47875 SH SOLE 47875 GILEAD SCIENCES INC COM 375558103 6860 140400 SH SOLE 140400 GRACO INC COM 384109104 7078 133400 SH SOLE 133400 HCC INS HLDGS INC COM 404132102 6053 194200 SH SOLE 194200 HCP INC COM 40414L109 2009 50900 SH SOLE 50900 HALLIBURTON CO COM 406216101 11909 358800 SH SOLE 358800 HANOVER INS GROUP INC COM 410867105 2262 55000 SH SOLE 55000 HASBRO INC COM 418056107 7583 206500 SH SOLE 206500 HEWLETT-PACKARD CO COM 428236103 17503 734500 SH SOLE 734500 HIBBETT SPORTS INC COM 428567101 385 7050 SH SOLE 7050 HORMEL FOODS CORP COM 440452100 2952 100000 SH SOLE 100000 HORSEHEAD HLDG CORP COM 440694305 456 40000 SH SOLE 40000 ILLINOIS TOOL WKS INC COM 452308109 9562 167400 SH SOLE 167400 INGRAM MICRO INC CL A 457153104 1949 105000 SH SOLE 105000 INTEL CORP COM 458140100 575 20450 SH SOLE 20450 INTERNATIONAL BUSINESS MACHS COM 459200101 11105 53225 SH SOLE 53225 INTERNATIONAL FLAVORS & FRAGRA COM 459506101 527 9000 SH SOLE 9000 INVESTMENT TECHNOLOGY GRP NE COM 46145F105 239 20000 SH SOLE 20000 ION GEOPHYSICAL CORPORATION COM 462044108 141 21800 SH SOLE 21800 JOHNSON & JOHNSON COM 478160104 2488 37725 SH SOLE 37725 K-SWISS INC CL A 482686102 693 169000 SH SOLE 169000 KELLOGG CO COM 487836108 13724 255900 SH SOLE 255900 KENNEDY-WILSON HLDGS INC COM 489398107 3159 234000 SH SOLE 234000 KIMBERLY CLARK CORP COM 494368103 857 11600 SH SOLE 11600 LG DISPLAY CO LTD SPONS ADR REP 50186V102 412 35000 SH SOLE 35000 LEUCADIA NATL CORP COM 527288104 425 16300 SH SOLE 16300 LEXMARK INTL NEW CL A 529771107 499 15000 SH SOLE 15000 LINCOLN ELEC HLDGS INC COM 533900106 454 10000 SH SOLE 10000 LOWES COS INC COM 548661107 17648 562400 SH SOLE 562400 MARKEL CORP COM 570535104 260 580 SH SOLE 580 MASTERCARD INC CL A 57636Q104 10850 25800 SH SOLE 25800 MCCORMICK & CO INC COM NON VTG 579780206 6651 122200 SH SOLE 122200 MCDONALDS CORP COM 580135101 540 5500 SH SOLE 5500 MEDTRONIC INC COM 585055106 7023 179200 SH SOLE 179200 METTLER TOLEDO INTERNATIONAL COM 592688105 5727 31000 SH SOLE 31000 MICROSOFT CORP COM 594918104 3003 93100 SH SOLE 93100 MICROCHIP TECHNOLOGY INC COM 595017104 8054 216500 SH SOLE 216500 MINDRAY MEDICAL INTL LTD SPON ADR 602675100 577 17500 SH SOLE 17500 NORFOLK SOUTHERN CORP COM 655844108 7491 113800 SH SOLE 113800 OCCIDENTAL PETE CORP DEL COM 674599105 4790 50300 SH SOLE 50300 ORITANI FINL CORP DEL COM 68633D103 477 32500 SH SOLE 32500 PICO HLDGS INC COM NEW 693366205 961 41000 SH SOLE 41000 POSCO SPONSORED ADR 693483109 419 5000 SH SOLE 5000 PPG INDS INC COM 693506107 6227 65000 SH SOLE 65000 PACCAR INC COM 693718108 4831 103150 SH SOLE 103150 PATTERSON COMPANIES INC COM 703395103 4509 135000 SH SOLE 135000 PATTERSON UTI ENERGY INC COM 703481101 1015 58700 SH SOLE 58700 PAYCHEX INC COM 704326107 7400 238800 SH SOLE 238800 PEPSICO INC COM 713448108 1065 16050 SH SOLE 16050 PETMED EXPRESS INC COM 716382106 248 20000 SH SOLE 20000 PFIZER, INC COM 717081103 729 32200 SH SOLE 32200 PLUM CREEK TIMBER CO INC COM 729251108 318 7650 SH SOLE 7650 POLARIS IND INC COM 731068102 8586 119000 SH SOLE 119000 PRECISION CASTPARTS CORP COM 740189105 2680 15500 SH SOLE 15500 PULTE GROUP INC COM 745867101 2246 253800 SH SOLE 253800 QLOGIC CORP COM 747277101 533 30000 SH SOLE 30000 RPM INTL INC COM 749685103 6961 265800 SH SOLE 265800 RANGE RES CORP COM 75281A109 4251 73125 SH SOLE 73125 RENT A CTR INC NEW COM 76009N100 2076 55000 SH SOLE 55000 REPUBLIC SVCS INC COM 760759100 8682 284100 SH SOLE 284100 ROCKWELL COLLINS COM 774341101 1796 31200 SH SOLE 31200 ROLLINS INC COM 775711104 6219 292250 SH SOLE 292250 ROSETTA STONE INC COM 777780107 258 25000 SH SOLE 25000 ROSS STORES INC COM 778296103 16172 278350 SH SOLE 278350 ROWAN COS INC COM 779382100 165 5000 SH SOLE 5000 RYLAND GROUP INC COM 783764103 1928 100000 SH SOLE 100000 SEI INVESTMENTS CO COM 784117103 1548 74800 SH SOLE 74800 SPDR GOLD TRUST GOLD SHS 78463V107 13890 85675 SH SOLE 85675 ST JOE CO COM 790148100 570 30000 SH SOLE 30000 SCHLUMBERGER LTD COM 806857108 6668 95350 SH SOLE 95350 SHERWIN WILLIAMS CO COM 824348106 2173 20000 SH SOLE 20000 SIEMENS A G SPONSORED ADR 826197501 403 4000 SH SOLE 4000 SOUTHWESTERN ENERGY CO COM 845467109 3764 123000 SH SOLE 123000 SPARTON CORP COM 847235108 192 20000 SH SOLE 20000 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 734 30000 SH SOLE 30000 STANLEY FURNITURE CO INC COM NEW 854305208 106 22100 SH SOLE 22100 STRAYER ED INC COM 863236105 302 3200 SH SOLE 3200 STRYKER CORP COM 863667101 20461 368800 SH SOLE 368800 SUPERIOR ENERGY SVCS INC COM 868157108 1054 40000 SH SOLE 40000 SYNGENTA AG SPONSORED ADR 87160A100 482 7000 SH SOLE 7000 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 474 31000 SH SOLE 31000 SYSCO CORP COM 871829107 11562 387200 SH SOLE 387200 TALISMAN ENERGY INC COM 87425E103 252 20000 SH SOLE 20000 TELEFONICA S A SPON ADR 879382208 181 11000 SH SOLE 11000 TERADATA CORP DEL COM 88076W103 3408 50000 SH SOLE 50000 THOR INDS INC COM 885160101 3352 106200 SH SOLE 106200 3M CO COM 88579Y101 10121 113450 SH SOLE 113450 TIDEWATER INC COM 886423102 2701 50000 SH SOLE 50000 TORO CO COM 891092108 6898 97000 SH SOLE 97000 TORONTO DOMINION BK ONT COM NEW 891160509 467 5500 SH SOLE 5500 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 608 7000 SH SOLE 7000 US BANCORP DEL COM NEW 902973304 17204 543050 SH SOLE 543050 UNICO AMERN CORP COM 904607108 5327 475645 SH SOLE 475645 UNITED TECHNOLOGIES CORP COM 913017109 13080 157700 SH SOLE 157700 UNIVERSAL ELECTRS INC COM 913483103 100 5000 SH SOLE 5000 VF CORP COM 918204108 6613 45300 SH SOLE 45300 VANGUARD BD INDEX FD INC INTERMED TERM 921937819 478 5500 SH SOLE 5500 VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 254 5850 SH SOLE 5850 VARIAN MED SYS INC COM 92220P105 10296 149300 SH SOLE 149300 VEECO INSTRS INC DEL COM 922417400 629 22000 SH SOLE 22000 VIEWPOINT FINL GROUP INC MD COM 92672A101 277 17981 SH SOLE 17981 WAL MART STORES INC COM 931142103 2160 35300 SH SOLE 35300 WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 229 7725 SH SOLE 7725 WATERS CORP COM 941848103 2391 25800 SH SOLE 25800 WESTERN UN CO COM 959802109 7691 437000 SH SOLE 437000 WILEY JOHN & SONS INC CL A 968223206 2617 55000 SH SOLE 55000 WOLVERINE WORLD WIDE INC COM 978097103 4543 122200 SH SOLE 122200 ZEBRA TECHNOLOGIES CORP CL A 989207105 2710 65800 SH SOLE 65800