UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
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 8-3-99
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[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
28-
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[Repeat as necessary.]
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 84
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Form 13F Information Table Value Total: $112,360
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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 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 INFORMATIONAL TABLE
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<CAPTION>
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
- ----------------------- ------ ------ ------- --------------- -------- ------ ------------------
TITLE VALUE Shrs Sh/ Put/ Invest Other Voting Authority
NAME OF ISSUER OF CLASS CUSIP (X$1000) or Prn PRN Call Disc MGRS Sole Shared None
- --------------------- ------ ------ ------- ------ --- ---- -------- ------ ----- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C>
Telos Corporation,
12% Cumulative Exch Pfd. pref 87969B200 105 35000 SH SOLE 35000
Acceptance Insurance Companies com 004308102 3806 252700 SH SOLE 237700 15000
Advanced Communication Systems com 00750x109 411 30000 SH SOLE 30000
America Service Group Inc. com 02364L109 3517 230600 SH SOLE 214600 16000
Automatic Data Processing,Inc. com 053015103 691 15700 SH SOLE 6700 9000
Aviation Sales Company com 053672101 395 10000 SH SOLE 10000
Brookdale Living
Communities,Inc. com 112462106 296 20000 SH SOLE 20000
Charming Shoppes, Inc. com 161133103 1603 63000 SH SOLE 263000
Chemical Financial Corporation com 163731102 326 9375 SH SOLE 9375
Childtime Learning Centers,Inc.com 168820108 369 25000 SH SOLE 25000
Computer Learning Centers,Inc. com 205199102 99 20000 SH SOLE 20000
Craftmade International,Inc. com 22413E104 585 45000 SH SOLE 45000
Crown Cork & Seal Company,Inc. com 228255105 1311 46000 SH SOLE 37500 8500
Data Research Associates,Inc. com 237853106 3993 384900 SH SOLE 374900 10000
Diamond Offshore Drilling Inc. com 25271c102 948 33400 SH SOLE 33400
Ellett Brothers, Inc. com 288398100 145 20000 SH SOLE 10000 10000
Emerson Electric Co. com 291011104 397 6300 SH SOLE 2300 4000
Forest Oil Corporation com 346091606 1035 82400 SH SOLE 72400 10000
Fruit of the Loom, Inc. com G3682L105 747 76600 SH SOLE 76600
GZA Geoenvironmental
Technologies, Inc. com 362386104 62 12400 SH SOLE 12400
Gardner Denver, Inc. com 365558105 403 25000 SH SOLE 25000
Golden Star Resources Ltd. com 38119t104 175 233500 SH SOLE 233500
Good Guys, Inc. com 382091106 150 20000 SH SOLE 20000
Greif Bros. Corporation -
Class A com 397624107 1364 53500 SH SOLE 53500
Griffon Corporation com 398433102 2781 356000 SH SOLE 356000
H & R Block, Inc. com 093671105 340 6800 SH SOLE 4800 2000
HCR Manor Care, Inc. com 404134108 1238 51200 SH SOLE 47200 4000
HMI Industries Inc. com 404238107 97 50000 SH SOLE 50000
Ha-Lo Industries, Inc. com 404429102 622 63000 SH SOLE 63000
Helen of Troy Limited com G4388N106 359 20000 SH SOLE 20000
I. Gordon Corporation com 382784106 148 16499 SH SOLE 16499
Impath Inc. com 45255g101 605 22400 SH SOLE 22400
Inco Limited - Class VBN com 453258709 2898 377000 SH SOLE 377000
Input/Output, Inc. com 457652105 7578 1002000 SH SOLE 967000 35000
K-Swiss Inc. - Class A com 482686102 3413 73400 SH SOLE 63100 10300
Kaydon Corporation com 486587108 2882 85700 SH SOLE 79700 6000
Leucadia National Corporation com 527288104 1352 53300 SH SOLE 43300 10000
Littelfuse, Inc. com 537008104 839 43600 SH SOLE 38600 5000
LoJack Corporation com 539451104 251 30000 SH SOLE 30000
Malan Realty Investors, Inc. com 561063108 8055 521800 SH SOLE 498800 23000
Maritrans Inc. com 570363101 281 50000 SH SOLE 50000
Mechanical Dynamics, Inc. com 583521109 270 45000 SH SOLE 45000
Miami Computer Supply com 593261100 378 20000 SH SOLE 20000
NN Ball & Roller, Inc. com 629305103 201 35000 SH SOLE 35000
Nautica Enterprises, Inc. com 639089101 253 15000 SH SOLE 15000
Newell Rubbermaid Inc. com 651192106 237 5100 SH SOLE 600 4500
Newmont Mining Corporation com 651639106 1129 56800 SH SOLE 53800 3000
Nobel Learning
Communities, Inc. com 654889104 100 20000 SH SOLE 20000
Nova Corporation com 669784100 560 22400 SH SOLE 22400
Ottawa Financial Corporation com 689389104 7865 365806 SH SOLE 336893 28913
PICO Holdings, Inc. com 693366205 1056 41700 SH SOLE 41700
Patterson Energy, Inc. com 703414102 988 100000 SH SOLE 100000
Pentech International, Inc. com 709635106 39 50000 SH SOLE 50000
Perceptron, Inc. com 71361F100 1689 370200 SH SOLE 338200 32000
Providence and Worcester
Railroad Company com 743737108 565 40000 SH SOLE 40000
Queensway Financial
Holdings Limited com 747931103 358 75000 SH SOLE 75000
Quest Education Corporation com 281490102 158 15000 SH SOLE 15000
Rainbow Technologies, Inc. com 750862104 3701 313300 SH SOLE 308800 4500
Republic Bancorp Inc. com 760282103 456 30000 SH SOLE 30000
Royce Focus Trust com 78080N108 1728 350000 SH SOLE 350000
Royce Micro-Cap Trust, Inc. com 780915104 852 100984 SH SOLE 100984
SPSS Inc. com 78462K102 9715 378200 SH SOLE 370700 7500
STERIS Corporation com 859152100 1275 65800 SH SOLE 65800
Santa Fe Snyder Corporation com 802012104 828 103500 SH SOLE 94500 9000
Schuler Homes, Inc. com 808188106 243 37400 SH SOLE 37400
Scotts Company com 810186106 238 5000 SH SOLE 1000 4000
Scudder New Europe Fund, Inc. com 810905109 423 20500 SH SOLE 13500 7000
Security Dynamics Technologies com 814208104 703 33100 SH SOLE 33100
Sevenson Environmental
Services, Inc. com 818063109 756 65000 SH SOLE 65000
SteriGenics International, Inc.com 85915R105 1398 53000 SH SOLE 53000
Stryker Corp. com 863667101 228 3800 SH SOLE 800 3000
Sunrise Assisted Living, Inc. com 86768k106 1053 30200 SH SOLE 26200 4000
Tecumseh Products Company
- Class B com 878895101 1384 25400 SH SOLE 18900 6500
Templeton Dragon Fund, Inc. com 88018T101 115 10400 SH SOLE 400 10000
Texas Instruments Inc. com 882508104 288 2000 SH SOLE 2000
The Morgan Group, Inc.
- Class A com 617358106 1181 135000 SH SOLE 135000
Thomas Nelson Inc. com 640376109 5997 539100 SH SOLE 533100 6000
Unico American Corporation com 904607108 2043 200500 SH SOLE 200500
United Dominion
Industries Limited com 909914103 1079 44500 SH SOLE 44500
Universal Electronics Inc. com 913483103 1123 40000 SH SOLE 40000
Velcro Industries N.V. com 922571104 661 54500 SH SOLE 54500
Washington Federal Inc. com 938824109 669 29805 SH SOLE 21305 8500
Weyco Group, Inc. com 962149100 557 24200 SH SOLE 24200
Whitman Education Group, Inc. com 966524100 150 25000 SH SOLE 25000
X-Rite, Incorporated com 983857103 998 155000 SH SOLE 155000
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