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Asset Manager ← All Institutions

Goelzer Investment Management, Inc.

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

Q3 2025 · Filed 2025-10-14
Market Value
$1.9B
+3.3%
Holdings
252
New Purchases
10
Added To
45
Closed
7
Reduced
155
Top 10 Concentration
51.2%
Turnover
6.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 9.17% 8.78% +0.39% $172M
AAPL 2.00% 1.67% +0.33% $38M
GOOG 1.24% 0.94% +0.30% $23M
SLYV 4.15% 3.89% +0.26% $78M
AVGO 1.89% 1.65% +0.24% $36M
ABBV 0.75% 0.51% +0.23% $14M
NVDA 1.07% 0.94% +0.13% $20M
WMT 0.56% 0.45% +0.12% $11M
ANET 0.38% 0.28% +0.10% $7M
KO 0.28% 0.19% +0.10% $5M
NFLX 0.10% 0.00% +0.10% $2M
CAT 0.62% 0.52% +0.09% $12M
GLW 0.27% 0.19% +0.09% $5M
JNJ 0.55% 0.47% +0.07% $10M
OHI 0.76% 0.69% +0.07% $14M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 22.13% 23.93% -1.80% $415M
IJH 3.86% 4.03% -0.18% $72M
PEP 0.41% 0.55% -0.15% $8M
ISRG 0.03% 0.15% -0.12% $485K
IQV 0.05% 0.17% -0.12% $895K
EMN 0.07% 0.15% -0.08% $1M
MUNI 0.41% 0.48% -0.07% $8M
ADBE 0.33% 0.40% -0.07% $6M
IVW 0.35% 0.41% -0.06% $7M
COST 0.50% 0.55% -0.05% $9M
CI 0.23% 0.28% -0.05% $4M
INGR 0.28% 0.33% -0.05% $5M
IBM 0.43% 0.48% -0.04% $8M
HON 0.27% 0.31% -0.04% $5M
CTVA 0.23% 0.28% -0.04% $4M

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 57 $1.1B 56.3%
Large Cap 168 $628M 33.5%
Mid Cap 24 $190M 10.1%
Small Cap 2 $2M 0.1%
Micro Cap 1 $37K 0.0%

Portfolio Analytics

Avg Market Cap
$269.3B
Median Market Cap
$82.0B
Avg P/E
31.2
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
171
# ETFs / Funds
81

Top Holdings (252 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LLY 22.13% 544,492 $415M $763.00 -$19M -13,167 -2.4%
2 IVV 9.17% 257,321 $172M $669.30 $13M +415 +0.2%
3 SLYV 4.15% 878,567 $78M $88.65 $7M -7,005 -0.8%
4 IJH 3.86% 1,109,335 $72M $65.26 -$839K -71,480 -6.0%
5 SCHF 2.31% 1,861,935 $43M $23.28 $2M -19,447 -1.0%
6 MSFT 2.29% 83,077 $43M $517.95 $2M -284 -0.3%
7 JMTG 2.11% 777,115 $40M $51.00 $1M +14,919 +2.0%
8 AAPL 2.00% 147,607 $38M $254.63 $7M -59 -0.0%
9 AVGO 1.89% 107,805 $36M $329.91 $6M -937 -0.9%
10 GOOG 1.24% 95,453 $23M $243.55 $6M -1,031 -1.1%
11 JPM 1.09% 65,084 $21M $315.43 $2M -542 -0.8%
12 NVDA 1.07% 107,808 $20M $186.58 $3M -500 -0.5%
13 IJR 1.03% 162,553 $19M $118.83 $1M -2,139 -1.3%
14 ETN 0.98% 49,339 $18M $374.25 $618K -655 -1.3%
15 XOM 0.96% 160,008 $18M $112.75 $546K -2,281 -1.4%
16 TLH 0.88% 161,097 $17M $102.99 $434K +2,066 +1.3%
17 OHI 0.76% 338,688 $14M $42.22 $2M -3,622 -1.1%
18 JMBS 0.76% 312,266 $14M $45.67 $237K +971 +0.3%
19 ABBV 0.75% 60,681 $14M $231.54 $5M +10,354 +20.6%
20 IGSB 0.72% 255,304 $14M $53.03 $550K +9,119 +3.7%
21 LMT 0.72% 27,082 $14M $499.21 $787K -409 -1.5%
22 NI 0.71% 306,004 $13M $43.30 $581K -8,055 -2.6%
23 QCOM 0.70% 79,366 $13M $166.36 $323K -1,510 -1.9%
24 CVX 0.69% 83,395 $13M $155.29 $847K -1,130 -1.3%
25 BAC 0.62% 226,776 $12M $51.59 $779K -4,009 -1.7%
26 CAT 0.62% 24,314 $12M $477.15 $2M -197 -0.8%
27 AMZN 0.61% 52,543 $12M $219.57 -$68K -355 -0.7%
28 IWD 0.58% 53,384 $11M $203.59 $522K +116 +0.2%
29 USB 0.57% 221,466 $11M $48.33 $529K -3,389 -1.5%
30 MRK 0.57% 126,996 $11M $83.93 $434K -2,169 -1.7%
31 TRV 0.56% 37,904 $11M $279.22 $367K -282 -0.7%
32 WMT 0.56% 102,498 $11M $103.06 $2M +19,525 +23.5%
33 ENB 0.55% 206,093 $10M $50.46 $882K -3,903 -1.9%
34 ADI 0.55% 41,855 $10M $245.70 $120K -845 -2.0%
35 JNJ 0.55% 55,442 $10M $185.42 $2M -930 -1.6%
36 TEL 0.52% 44,831 $10M $219.53 -$177K -14,565 -24.5%
37 ETR 0.52% 104,626 $10M $93.19 $908K -1,751 -1.6%
38 PFG 0.51% 116,194 $10M $82.91 $187K -2,737 -2.3%
39 SPY 0.50% 14,072 $9M $666.17 $638K -68 -0.5%
40 COST 0.50% 10,049 $9M $925.63 -$619K +28 +0.3%
41 PANW 0.49% 45,442 $9M $203.62 -$69K -113 -0.2%
42 V 0.46% 25,486 $9M $341.38 -$415K -188 -0.7%
43 PG 0.46% 55,723 $9M $153.65 -$410K -593 -1.1%
44 UNH 0.45% 24,321 $8M $345.30 $877K +212 +0.9%
45 AEP 0.45% 74,485 $8M $112.50 $479K -1,662 -2.2%
46 CSCO 0.45% 122,295 $8M $68.42 -$293K -2,538 -2.0%
47 VZ 0.44% 189,922 $8M $43.95 $122K -165 -0.1%
48 MCK 0.44% 10,725 $8M $772.54 $356K -96 -0.9%
49 WFC 0.44% 98,277 $8M $83.82 $219K -1,799 -1.8%
50 IBM 0.43% 28,824 $8M $282.16 -$497K -450 -1.5%
51 CFG 0.43% 152,975 $8M $53.16 $1M -2,781 -1.8%
52 WSM 0.42% 40,129 $8M $195.45 $1M -432 -1.1%
53 MUNI 0.41% 147,179 $8M $52.28 -$1M -24,198 -14.1%
54 PEP 0.41% 54,229 $8M $140.44 -$2M -21,764 -28.6%
55 BRK-B 0.39% 14,615 $7M $502.72 $246K -4 -0.0%
56 GNTX 0.39% 259,045 $7M $28.30 $2M -5,719 -2.2%
57 RTX 0.38% 43,058 $7M $167.33 $872K -315 -0.7%
58 ANET 0.38% 48,580 $7M $145.71 $2M -435 -0.9%
59 BKNG 0.38% 1,308 $7M $5,399.29 -$510K
60 TJX 0.37% 47,470 $7M $144.54 $983K -133 -0.3%
61 MDT 0.36% 70,237 $7M $95.24 $538K -335 -0.5%
62 META 0.35% 8,971 $7M $734.34 -$44K -15 -0.2%
63 IVW 0.35% 54,193 $7M $120.72 -$960K -13,945 -20.5%
64 MDY 0.35% 10,971 $7M $596.01 $258K -117 -1.1%
65 ACWX 0.34% 99,481 $6M $65.01 $306K -1,626 -1.6%
66 SYY 0.34% 78,532 $6M $82.34 $397K -1,597 -2.0%
67 IJK 0.34% 66,331 $6M $95.89 $143K -2,013 -3.0%
68 JMST 0.33% 121,944 $6M $51.04 $612K +11,722 +10.6%
69 ADBE 0.33% 17,556 $6M $352.75 -$1M -1,182 -6.3%
70 LOW 0.33% 24,452 $6M $251.31 $713K -30 -0.1%
71 IGIB 0.32% 112,280 $6M $54.09 $487K +7,452 +7.1%
72 PRU 0.32% 57,417 $6M $103.74 -$336K -1,149 -2.0%
73 IPG 0.31% 206,289 $6M $27.91 $580K -5,201 -2.5%
74 KLAC 0.30% 5,277 $6M $1,078.60 $923K -47 -0.9%
75 HD 0.30% 13,807 $6M $405.19 $452K -218 -1.6%
76 APD 0.29% 20,131 $5M $272.72 -$335K -522 -2.5%
77 TROW 0.29% 53,397 $5M $102.64 $184K -1,494 -2.7%
78 BMY 0.29% 121,368 $5M $45.10 -$292K -3,180 -2.5%
79 SO 0.29% 57,478 $5M $94.77 $66K -1,121 -1.9%
80 SWK 0.29% 72,851 $5M $74.33 $343K -2,016 -2.7%
81 KO 0.28% 80,511 $5M $66.32 $2M +33,003 +69.5%
82 INGR 0.28% 42,881 $5M $122.11 -$717K -1,012 -2.3%
83 UNP 0.28% 22,103 $5M $236.37 $34K -456 -2.0%
84 JCI 0.27% 46,955 $5M $109.95 $98K -998 -2.1%
85 GLW 0.27% 62,908 $5M $82.03 $2M -1,944 -3.0%
86 HON 0.27% 23,896 $5M $210.50 -$596K -264 -1.1%
87 MA 0.26% 8,646 $5M $568.81 $89K +52 +0.6%
88 RIO 0.26% 72,896 $5M $66.01 $503K -978 -1.3%
89 APO 0.25% 34,626 $5M $133.27 -$329K -219 -0.6%
90 AXP 0.24% 13,831 $5M $332.16 $124K -183 -1.3%
91 GATX 0.24% 26,223 $5M $174.80 $450K -700 -2.6%
92 BRK-A 0.24% 6 $5M $754,200.00 $152K
93 FITB 0.24% 101,018 $5M $44.55 $222K -2,994 -2.9%
94 PFE 0.24% 176,501 $4M $25.48 $80K -5,740 -3.1%
95 IJJ 0.24% 34,570 $4M $129.72 $178K -279 -0.8%
96 CTVA 0.23% 65,218 $4M $67.63 -$598K -1,983 -3.0%
97 NXST 0.23% 22,206 $4M $197.74 $444K -615 -2.7%
98 THG 0.23% 23,694 $4M $181.63 $209K -411 -1.7%
99 CI 0.23% 14,920 $4M $288.25 -$775K -434 -2.8%
100 JAAA 0.23% 83,632 $4M $50.78 $1M +23,180 +38.3%

New Positions

SymbolValue% Port
NFLX $2M 0.10%
KR $1M 0.06%
VUG $341K 0.02%
ASML $265K 0.01%
GE $261K 0.01%
BP $229K 0.01%
MUB $220K 0.01%
ACWI $214K 0.01%
XYL $201K 0.01%
VPU $200K 0.01%

Sold Out Positions

SymbolValue% Port
VEA —%
CMCSA —%
AGG —%
IWY —%
SPHQ —%
IEMG —%
SPAB —%
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