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Asset Manager ← All Institutions

Goelzer Investment Management, Inc.

10 EAST MAIN STREET SUITE 110, CARMEL, IN 46032 • 317-264-2600

Q2 2025 · Filed 2025-07-09
Market Value
$1.8B
+5.0%
Holdings
252
+9
New Purchases
9
Added To
66
Closed
10
Reduced
128
Top 10 Concentration
51.7%
Turnover
7.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JMTG 2.11% 0.00% +2.11% $38M
AVGO 1.65% 0.88% +0.77% $30M
IVV 8.78% 8.13% +0.65% $160M
MSFT 2.28% 1.82% +0.46% $41M
JPM 1.05% 0.73% +0.32% $19M
NVDA 0.94% 0.68% +0.26% $17M
ETN 0.98% 0.79% +0.19% $18M
JAAA 0.17% 0.00% +0.17% $3M
IJH 4.03% 3.88% +0.15% $73M
UNM 0.13% 0.00% +0.13% $2M
SCHF 2.29% 2.16% +0.13% $42M
JMST 0.31% 0.19% +0.12% $6M
GD 0.13% 0.03% +0.10% $2M
LRCX 0.09% 0.00% +0.09% $2M
BKNG 0.42% 0.35% +0.06% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 23.93% 26.26% -2.33% $435M
SJM 0.00% 0.34% -0.34% $0
AAPL 1.67% 1.98% -0.32% $30M
BRK-B 0.39% 0.67% -0.28% $7M
QCOM 0.71% 0.95% -0.24% $13M
BWA 0.02% 0.22% -0.20% $374K
APD 0.32% 0.50% -0.18% $6M
XOM 0.96% 1.13% -0.16% $17M
BAX 0.00% 0.16% -0.16% $0
ULTA 0.02% 0.18% -0.16% $452K
MUNI 0.48% 0.64% -0.16% $9M
PEP 0.55% 0.68% -0.13% $10M
BMY 0.32% 0.44% -0.12% $6M
MRK 0.56% 0.68% -0.11% $10M
CVX 0.67% 0.77% -0.11% $12M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 37.9%
Healthcare 29.3%
Technology 10.4%
Industrials 5.5%
Energy 3.7%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $1.0B 56.1%
Large Cap 166 $617M 33.9%
Mid Cap 28 $180M 9.9%
Small Cap 2 $2M 0.1%
Micro Cap 1 $11K 0.0%

Portfolio Analytics

Avg Market Cap
$264.9B
Median Market Cap
$77.1B
Avg P/E
30.7
Median P/E
24.1
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
173
# ETFs / Funds
79

Top Holdings (252 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LLY 23.93% 557,659 $435M $779.53 -$20M +7,349 +1.3%
2 IVV 8.78% 256,906 $160M $620.90 $19M +6,596 +2.6%
3 IJH 4.03% 1,180,815 $73M $62.02 $6M +28,863 +2.5%
4 SLYV 3.89% 885,572 $71M $79.76 $4M +31,118 +3.6%
5 SCHF 2.29% 1,881,382 $42M $22.10 $4M -10,332 -0.6%
6 MSFT 2.28% 83,361 $41M $497.41 $10M -440 -0.5%
7 JMTG 2.11% 762,196 $38M $50.19 +762,196 NEW
8 AAPL 1.67% 147,666 $30M $205.17 -$4M -6,840 -4.4%
9 AVGO 1.65% 108,742 $30M $275.65 $15M +17,826 +19.6%
10 JPM 1.05% 65,626 $19M $289.91 $6M +13,981 +27.1%
11 IJR 0.99% 164,692 $18M $109.29 $766K -111 -0.1%
12 ETN 0.98% 49,994 $18M $356.99 $4M -391 -0.8%
13 XOM 0.96% 162,289 $17M $107.80 -$2M -1,721 -1.1%
14 GOOG 0.94% 96,484 $17M $177.39 $2M -760 -0.8%
15 NVDA 0.94% 108,308 $17M $157.99 $5M -387 -0.4%
16 TLH 0.89% 159,031 $16M $101.60 -$152K +1,835 +1.2%
17 JMBS 0.77% 311,295 $14M $45.05 -$47K -17 -0.0%
18 IGSB 0.71% 246,185 $13M $52.76 $187K +1,731 +0.7%
19 QCOM 0.71% 80,876 $13M $159.26 -$3M -25,738 -24.1%
20 LMT 0.70% 27,491 $13M $463.15 -$212K -1,487 -5.1%
21 NI 0.70% 314,059 $13M $40.34 -$33K -2,793 -0.9%
22 OHI 0.69% 342,310 $13M $36.65 -$522K -843 -0.2%
23 CVX 0.67% 84,525 $12M $143.19 -$1M +4,433 +5.5%
24 AMZN 0.64% 52,898 $12M $219.39 $2M +431 +0.8%
25 BAC 0.60% 230,785 $11M $47.32 $1M +482 +0.2%
26 IWD 0.57% 53,268 $10M $194.23 $362K +205 +0.4%
27 MRK 0.56% 129,165 $10M $79.16 -$1M -986 -0.8%
28 TRV 0.56% 38,186 $10M $267.54 $48K -264 -0.7%
29 USB 0.56% 224,855 $10M $45.25 $25K -15,557 -6.5%
30 ADI 0.56% 42,700 $10M $238.02 $1M -801 -1.8%
31 PEP 0.55% 75,993 $10M $132.04 -$2M -2,871 -3.6%
32 TEL 0.55% 59,396 $10M $168.67 $2M -640 -1.1%
33 COST 0.55% 10,021 $10M $989.94 $362K -85 -0.8%
34 ENB 0.52% 209,996 $10M $45.32 $257K +1,013 +0.5%
35 CAT 0.52% 24,511 $10M $388.21 $1M +26 +0.1%
36 PFG 0.52% 118,931 $9M $79.43 -$696K -1,284 -1.1%
37 ABBV 0.51% 50,327 $9M $185.62 -$1M -432 -0.8%
38 PANW 0.51% 45,555 $9M $204.64 $850K -4,095 -8.2%
39 V 0.50% 25,674 $9M $355.05 -$18K -387 -1.5%
40 PG 0.49% 56,316 $9M $159.32 -$641K -93 -0.2%
41 ETR 0.49% 106,377 $9M $83.12 -$368K -1,355 -1.3%
42 MUNI 0.48% 171,377 $9M $51.36 -$2M -43,368 -20.2%
43 SPY 0.48% 14,140 $9M $617.86 $716K -197 -1.4%
44 CSCO 0.48% 124,833 $9M $69.38 $936K -346 -0.3%
45 IBM 0.48% 29,274 $9M $294.78 $1M +56 +0.2%
46 JNJ 0.47% 56,372 $9M $152.75 -$763K -150 -0.3%
47 VZ 0.45% 190,087 $8M $43.27 -$323K +1,634 +0.9%
48 WMT 0.45% 82,973 $8M $97.78 $766K -712 -0.8%
49 WFC 0.44% 100,076 $8M $80.12 $778K -771 -0.8%
50 MCK 0.44% 10,821 $8M $732.78 $494K -228 -2.1%
51 AEP 0.43% 76,147 $8M $103.76 -$472K -484 -0.6%
52 BKNG 0.42% 1,308 $8M $5,789.25 $1M -15 -1.1%
53 UNH 0.41% 24,109 $8M $311.97 -$866K +8,096 +50.6%
54 IVW 0.41% 68,138 $8M $110.10 $1M +432 +0.6%
55 ADBE 0.40% 18,738 $7M $386.88 $1M +3,491 +22.9%
56 BRK-B 0.39% 14,619 $7M $485.75 -$5M -7,253 -33.2%
57 CFG 0.38% 155,756 $7M $44.75 $554K -839 -0.5%
58 META 0.37% 8,986 $7M $738.05 $1M -709 -7.3%
59 WSM 0.36% 40,561 $7M $163.37 $1M +7,139 +21.4%
60 RTX 0.35% 43,373 $6M $146.02 $440K -1,121 -2.5%
61 PRU 0.35% 58,566 $6M $107.44 -$315K -598 -1.0%
62 MDY 0.35% 11,088 $6M $566.45 $218K -276 -2.4%
63 IJK 0.34% 68,344 $6M $90.98 $507K -232 -0.3%
64 ACWX 0.34% 101,107 $6M $60.94 $523K -575 -0.6%
65 MDT 0.34% 70,572 $6M $87.17 -$255K -727 -1.0%
66 SYY 0.33% 80,129 $6M $75.74 $8K -641 -0.8%
67 INGR 0.33% 43,893 $6M $135.62 -$3K -156 -0.3%
68 TJX 0.32% 47,603 $6M $123.49 -$227K -2,527 -5.0%
69 APD 0.32% 20,653 $6M $282.06 -$3M -8,617 -29.4%
70 GNTX 0.32% 264,764 $6M $21.99 -$483K -5,829 -2.1%
71 BMY 0.32% 124,548 $6M $46.29 -$2M -173 -0.1%
72 HON 0.31% 24,160 $6M $232.88 $459K -243 -1.0%
73 JMST 0.31% 110,222 $6M $50.92 $2M +45,577 +70.5%
74 IGIB 0.31% 104,828 $6M $53.29 $150K +1,328 +1.3%
75 LOW 0.30% 24,482 $5M $221.87 -$357K -337 -1.4%
76 SO 0.30% 58,599 $5M $91.83 -$79K -780 -1.3%
77 TROW 0.29% 54,891 $5M $96.50 -$792K -11,385 -17.2%
78 UNP 0.29% 22,559 $5M $230.08 -$170K -133 -0.6%
79 IPG 0.28% 211,490 $5M $24.48 -$579K -460 -0.2%
80 HD 0.28% 14,025 $5M $366.64 $472 -4 -0.0%
81 CI 0.28% 15,354 $5M $330.58 -$60K -255 -1.6%
82 SWK 0.28% 74,867 $5M $67.75 $1M +25,254 +50.9%
83 JCI 0.28% 47,953 $5M $105.62 $799K -5,297 -9.9%
84 ANET 0.28% 49,015 $5M $102.31 $1M -125 -0.2%
85 CTVA 0.28% 67,201 $5M $74.53 $597K -2,898 -4.1%
86 APO 0.27% 34,845 $5M $141.87 $132K -293 -0.8%
87 MA 0.27% 8,594 $5M $561.94 $113K -11 -0.1%
88 KLAC 0.26% 5,324 $5M $895.74 $1M -46 -0.9%
89 AXP 0.25% 14,014 $4M $318.98 $662K -142 -1.0%
90 PFE 0.24% 182,241 $4M $24.24 -$199K +76 +0.0%
91 BRK-A 0.24% 6 $4M $728,800.00 -$418K
92 RIO 0.24% 73,874 $4M $58.33 -$213K -1,399 -1.9%
93 IJJ 0.24% 34,849 $4M $123.58 $177K +360 +1.0%
94 FITB 0.24% 104,012 $4M $41.13 $144K -1,442 -1.4%
95 GATX 0.23% 26,923 $4M $153.56 -$87K -261 -1.0%
96 THG 0.23% 24,105 $4M $169.87 -$140K -239 -1.0%
97 NXST 0.22% 22,821 $4M $172.95 -$203K -337 -1.5%
98 TGT 0.21% 39,072 $4M $98.65 -$233K -95 -0.2%
99 ZTS 0.21% 24,593 $4M $155.95 -$245K -189 -0.8%
100 BSX 0.21% 35,537 $4M $107.41 $170K -616 -1.7%

New Positions

SymbolValue% Port
JMTG $38M 2.11%
JAAA $3M 0.17%
UNM $2M 0.13%
LRCX $2M 0.09%
TRP $994K 0.05%
TT $219K 0.01%
WAB $209K 0.01%
SPAB $203K 0.01%
AREC $11K —%

Sold Out Positions

SymbolValue% Port
BDX —%
BAX —%
EPAM —%
PII —%
BP —%
BAH —%
SJM —%
KHC —%
VTV —%
VUG —%
View SEC EDGAR Filings for Goelzer Investment Management, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms