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, 1999
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Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Schwartz Investment Counsel, Inc.
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Address: 3707 W. Maple Rd.
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Bloomfield Hills, MI 48301
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Form 13F File Number: 28-5434
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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
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Title: President
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Phone: 248-644-8500
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Signature, Place, and Date of Signing:
/s/ George P. Schwartz Bloomfield Hills, MI 5-5-99
- ---------------------------------- ------------------------------- ----------
[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 is 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
28-
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[Repeat as necessary.]
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 94
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Form 13F Information Table Value Total: $112,982,000
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other that the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
NONE
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Form 13F INFORMATIONAL TABLE
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ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 8:
- ------------------------------- --------------- --------- --------- --------- ---------------------- -------------------------
SHARES INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
TITLE FAIR OR ---------------------- -------------------------
OF CUSIP MARKET PRINCIPAL (a) (b) (c)Shared- (a) (b) (c)Shared-
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT Sole Shared Other Sole Shared Other
- ------------------------------- --------------- --------- --------- --------- ------- ---- -------- -------- ---- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
Telos Corporation, 12%
Cumulative Exch Pfd preferred stock 87969B200 114,000 35,000 35,000 35,000
Acceptance Insurance Companies common stock 004308102 4,367,000 323,500 312,500 11,000 312,500
Advanced Communication
Systems, Inc. common stock 00750x109 349,000 30,000 30,000 30,000
Alleghany Corp. common stock 017175100 294,000 1,600 400 1,200 400
America Service Group Inc. common stock 02364L109 2,977,000 253,400 237,400 16,000 237,400
Astrosystems, Inc. common stock 046465100 96,000 33,500 33,500 33,500
Automatic Data Processing, Inc common stock 053015103 774,000 18,700 6,700 12,000 6,700
Brookdale Living
Communities, Inc. common stock 112462106 259,000 15,000 15,000 15,000
Cal Fed Contingent
Participation Interests common stock 130209604 330,000 30,000 30,000 30,000
Cal Fed Recovery Interests common stock 130209703 345,000 30,000 30,000 30,000
Charming Shoppes, Inc. common stock 161133103 1,213,000 313,000 313,000 313,000
Chemical Financial Corporation common stock 163731102 300,000 9,375 9,375 9,375
Childtime Learning Centers, Inc. common stock 168820108 128,000 10,000 10,000 10,000
Computer Learning Centers, Inc. common stock 205199102 106,000 20,000 20,000 20,000
Craftmade International, Inc. common stock 22413E104 750,000 50,000 50,000 50,000
Crown Cork & Seal Company, Inc. common stock 228255105 1,297,000 45,400 36,900 8,500 36,900
Data Research Associates, Inc. common stock 237853106 5,009,000 400,700 390,700 10,000 390,700
Diamond Offshore Drilling Inc. common stock 25271c102 1,420,000 44,900 44,900 44,900
Ellett Brothers, Inc. common stock 288398100 533,000 110,800 100,800 10,000 100,800
Emerson Electric Co. common stock 291011104 333,000 6,300 2,300 4,000 2,300
Forest Oil Corporation common stock 346091606 867,000 115,600 105,600 10,000 105,600
Frontier Adjusters
of America, Inc. common stock 359050101 237,000 94,600 94,600 94,600
Fruit of the Loom, Inc. common stock G3682L105 778,000 72,400 72,400 72,400
GZA Geoenvironmental
Technologies, Inc. common stock 362386104 56,000 12,400 12,400 12,400
Gardner Denver, Inc. common stock 365558105 635,000 40,000 40,000 40,000
Golden Star Resources Ltd. common stock 38119t104 390,000 479,500 479,500 479,500
Good Guys, Inc. common stock 382091106 78,000 20,000 20,000 20,000
Greif Bros. Corporation -
Class A common stock 397624107 1,243,000 56,500 56,500 56,500
Griffon Corporation common stock 398433102 2,905,000 422,500 421,000 1,500 421,000
HCR Manor Care, Inc. common stock 404134108 1,049,000 46,000 42,000 4,000 42,000
HMI Industries Inc. common stock 404238107 77,000 50,000 50,000 50,000
Ha-Lo Industries, Inc. common stock 404429102 431,000 35,000 35,000 35,000
Helen of Troy Limited common stock G4388N106 259,000 20,000 20,000 20,000
Hologic, Inc. common stock 436440101 320,000 35,300 35,300 35,300
I. Gordon Corporation common stock 382784106 151,000 16,499 16,499 16,499
Impath Inc. common stock 45255g101 245,000 10,000 10,000 10,000
Inco Limited - Class VBN common stock 453258709 4,173,000 596,200 596,200 596,200
Input/Output, Inc. common stock 457652105 6,811,000 1,079,000 1,044,000 35,000 1,044,000
Invacare Corporation common stock 461203101 253,000 10,400 5,200 5,200 5,200
Johnson Controls, Inc. common stock 478366107 5,211,000 83,540 714 82,826 714
K-Swiss Inc. - Class A common stock 482686102 3,232,000 128,000 114,000 14,000 114,000
Kaydon Corporation common stock 486587108 923,000 31,900 28,900 3,000 28,900
Leucadia National Corporation common stock 527288104 2,066,000 68,300 53,800 14,500 53,800
Lincoln Bancorp common stock 532879103 157,000 15,000 15,000 15,000
Littelfuse, Inc. common stock 537008104 829,000 45,100 41,100 4,000 41,100
LoJack Corporation common stock 539451104 231,000 30,000 30,000 30,000
MBIA Inc. common stock 55262C100 209,000 3,600 1,600 2,000 1,600
Malan Realty Investors, Inc. common stock 561063108 8,036,000 568,900 545,900 23,000 545,900
Maritrans Inc. common stock 570363101 288,000 50,000 50,000 50,000
Matria Healthcare, Inc. common stock 576817100 40,000 15,000 15,000 15,000
Maxxam Inc. common stock 577913106 413,000 8,200 7,200 1,000 7,200
Mechanical Dynamics, Inc. common stock 583521109 238,000 38,000 38,000 38,000
Merck & Co., Inc. common stock 589331107 256,000 3,200 600 2,600 600
Miami Computer Supply common stock 593261100 199,000 10,000 10,000 10,000
Mid-America Apartment
Communities, Inc. common stock 59522j103 470,000 22,000 20,000 2,000 20,000
NN Ball & Roller, Inc. common stock 629305103 199,000 35,000 35,000 35,000
Nautica Enterprises, Inc. common stock 639089101 170,000 15,000 15,000 15,000
Newell Rubbermaid Inc. common stock 651192106 328,000 6,900 600 6,300 600
Newmont Mining Corporation common stock 651639106 1,403,000 80,200 73,900 6,300 73,900
Nobel Learning Communities, Inc. common stock 654889104 98,000 20,000 20,000 20,000
Nova Corporation common stock 669784100 641,000 24,400 24,400 24,400
Ottawa Financial Corporation common stock 689389104 7,401,000 356,695 326,070 30,625 326,070
PICO Holdings, Inc. common stock 693366205 596,000 32,200 32,200 32,200
Patterson Energy, Inc. common stock 703414102 1,113,000 200,000 200,000 200,000
Pentech International, Inc. common stock 709635106 155,000 225,000 225,000 225,000
Peoples Bancorp common stock 709788103 240,000 12,150 12,150 12,150
Perceptron, Inc. common stock 71361F100 1,445,000 395,200 361,900 33,300 361,900
Providence and Worcester
Railroad Company common stock 743737108 556,000 50,000 50,000 50,000
Quest Education Corporation common stock 281490102 137,000 15,000 15,000 15,000
Rainbow Technologies, Inc. common stock 750862104 3,376,000 337,600 331,900 5,700 331,900
Republic Bancorp Inc. common stock 760282103 650,000 50,000 50,000 50,000
Royce Global Trust Inc. common stock 78080N108 1,200,000 300,000 300,000 300,000
Royce Micro-Cap Trust, Inc. common stock 780915104 1,039,000 139,684 139,684 139,684
SPSS Inc. common stock 78462K102 6,383,000 389,800 383,200 6,600 383,200
Santa Fe Energy Resources, Inc. common stock 802012104 966,000 131,000 116,500 14,500 116,500
Schuler Homes, Inc. common stock 808188106 263,000 43,800 43,800 43,800
Scudder New Europe Fund, Inc. common stock 810905109 443,000 23,300 16,300 7,000 16,300
Sevenson Environmental
Services, Inc. common stock 818063109 637,000 73,800 73,800 73,800
SteriGenics International, Inc. common stock 85915R105 390,000 40,000 40,000 40,000
Sunrise Assisted Living, Inc. common stock 86768k106 1,422,000 31,200 26,200 5,000 26,200
Tecumseh Products Company -
Class A common stock 878895200 245,000 4,800 2,000 2,800 2,000
Tecumseh Products Company -
Class B common stock 878895101 1,057,000 23,300 18,200 5,100 18,200
Templeton Dragon Fund, Inc. common stock 88018T101 80,000 10,400 400 10,000 400
The Morgan Group, Inc. -
Class A common stock 617358106 996,000 135,000 135,000 135,000
Thomas Nelson Inc. common stock 640376109 5,687,000 568,700 553,900 14,800 553,900
Unico American Corporation common stock 904607108 2,435,000 240,500 240,500 240,500
United Dominion
Industries Limited common stock 909914103 1,928,000 97,000 97,000 97,000
Universal Electronics Inc. common stock 913483103 625,000 50,000 50,000 50,000
Value Line, Inc. common stock 920437100 249,000 7,200 7,200 7,200
Velcro Industries N.V. common stock 922571104 818,000 55,000 55,000 55,000
Washington Federal Inc. common stock 938824109 649,000 30,905 25,405 5,500 25,405
Weyco Group, Inc. common stock 962149100 590,000 24,200 24,200 24,200
Whitman Education Group, Inc. common stock 966524100 94,000 25,000 25,000 25,000
X-Rite, Incorporated common stock 983857103 1,528,000 235,000 229,000 6,000 229,000
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