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Goelzer Investment Management, Inc.

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

Q1 2026 · Filed 2026-04-09
Market Value
$2.1B
-3.7%
Holdings
301
+24
New Purchases
32
Added To
111
Closed
5
Reduced
112
Top 10 Concentration
51.0%
Turnover
12.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XOM 1.34% 0.90% +0.44% $28M
AZN 0.40% 0.00% +0.40% $8M
VLO 0.35% 0.03% +0.32% $7M
IJH 3.77% 3.45% +0.32% $78M
CVX 0.89% 0.63% +0.26% $18M
MCD 0.25% 0.06% +0.18% $5M
LMT 0.79% 0.61% +0.18% $16M
IVV 8.84% 8.67% +0.17% $183M
BMY 0.46% 0.32% +0.14% $10M
JNJ 0.67% 0.54% +0.13% $14M
ETN 0.86% 0.73% +0.13% $18M
FDX 0.13% 0.00% +0.13% $3M
AMP 0.11% 0.00% +0.11% $2M
ADI 0.64% 0.53% +0.11% $13M
MRK 0.74% 0.63% +0.11% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 24.07% 27.19% -3.12% $497M
ACWX 0.42% 1.33% -0.91% $9M
MSFT 1.55% 1.90% -0.35% $32M
ADBE 0.02% 0.25% -0.24% $322K
FMAO 0.41% 0.56% -0.15% $8M
UNH 0.24% 0.38% -0.14% $5M
QCOM 0.50% 0.64% -0.14% $10M
GOOG 1.26% 1.38% -0.12% $26M
JMST 0.07% 0.19% -0.12% $2M
BSX 0.04% 0.16% -0.12% $794K
ACN 0.11% 0.21% -0.11% $2M
SLYV 3.62% 3.73% -0.10% $75M
AVGO 1.65% 1.74% -0.09% $34M
MBX 0.24% 0.33% -0.09% $5M
PANW 0.25% 0.33% -0.09% $5M

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 63 $1.2B 57.4%
Large Cap 209 $687M 33.3%
Mid Cap 25 $178M 8.6%
Small Cap 3 $14M 0.7%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$240.3B
Median Market Cap
$75.6B
Avg P/E
32.1
Median P/E
24.4
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
214
# ETFs / Funds
87

Top Holdings (301 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LLY 24.07% 540,417 $497M $919.77 -$86M -2,450 -0.5%
2 IVV 8.84% 279,455 $183M $653.21 -$4M +7,831 +2.9%
3 IJH 3.77% 1,152,695 $78M $67.53 $4M +30,940 +2.8%
4 SLYV 3.62% 791,132 $75M $94.58 -$5M -88,013 -10.0%
5 SCHF 2.17% 1,813,550 $45M $24.75 $637K -27,053 -1.5%
6 JMTG 2.02% 819,602 $42M $51.00 $469K +10,116 +1.2%
7 AAPL 1.99% 161,957 $41M $253.79 -$1M +6,192 +4.0%
8 AVGO 1.65% 110,132 $34M $309.51 -$3M +2,274 +2.1%
9 MSFT 1.55% 86,279 $32M $370.17 -$9M +2,207 +2.6%
10 XOM 1.34% 163,626 $28M $169.66 $8M +2,771 +1.7%
11 GOOG 1.26% 90,548 $26M $286.86 -$4M -3,973 -4.2%
12 NVDA 1.05% 123,763 $22M $174.40 $1M +15,591 +14.4%
13 JPM 0.97% 68,246 $20M $294.16 -$1M +2,186 +3.3%
14 IJR 0.97% 160,901 $20M $124.31 $448K -1,802 -1.1%
15 CVX 0.89% 88,978 $18M $206.90 $5M +659 +0.8%
16 ETN 0.86% 49,807 $18M $357.67 $2M +350 +0.7%
17 TLH 0.86% 175,727 $18M $100.72 $343K +5,018 +2.9%
18 LMT 0.79% 26,860 $16M $604.40 $3M -189 -0.7%
19 MRK 0.74% 127,005 $15M $120.29 $2M -955 -0.8%
20 JMBS 0.73% 332,955 $15M $45.18 $148K +6,964 +2.1%
21 OHI 0.73% 342,600 $15M $43.82 $5K +4,124 +1.2%
22 CAT 0.69% 20,216 $14M $708.47 $2M -1,900 -8.6%
23 ABBV 0.69% 65,122 $14M $217.49 -$126K +2,583 +4.1%
24 JNJ 0.67% 56,794 $14M $244.44 $2M +815 +1.5%
25 IGSB 0.65% 253,719 $13M $52.56 $275K +6,735 +2.7%
26 ADI 0.64% 41,860 $13M $318.14 $2M -214 -0.5%
27 WMT 0.63% 104,296 $13M $124.28 $1M +434 +0.4%
28 BAC 0.56% 236,146 $12M $48.75 -$1M +811 +0.3%
29 NI 0.55% 245,549 $11M $46.66 -$1M -63,165 -20.5%
30 AMZN 0.54% 53,861 $11M $208.27 -$950K +1,145 +2.2%
31 TRV 0.54% 38,051 $11M $291.68 $36K -88 -0.2%
32 IWD 0.52% 50,383 $11M $213.67 $187K +92 +0.2%
33 USB 0.52% 205,214 $11M $52.01 -$1M -14,250 -6.5%
34 PFG 0.51% 116,874 $11M $90.11 $247K +286 +0.2%
35 QCOM 0.50% 80,663 $10M $128.78 -$3M +309 +0.4%
36 AEP 0.50% 78,228 $10M $131.08 $2M +3,538 +4.7%
37 SPY 0.49% 15,670 $10M $650.34 $821K +1,930 +14.1%
38 CSCO 0.48% 128,234 $10M $77.59 $428K +4,620 +3.7%
39 VZ 0.46% 190,525 $10M $50.20 $2M -1,389 -0.7%
40 COST 0.46% 9,578 $10M $996.43 $201K -1,256 -11.6%
41 BMY 0.46% 156,664 $10M $60.65 $3M +28,707 +22.4%
42 CFG 0.45% 153,963 $9M $59.97 $212K -491 -0.3%
43 RTX 0.45% 47,745 $9M $192.90 $396K -315 -0.7%
44 ENB 0.44% 169,108 $9M $54.14 -$758K -38,153 -18.4%
45 MCK 0.42% 10,111 $9M $865.36 $364K -112 -1.1%
46 WFC 0.42% 109,547 $9M $79.61 -$1M +3,907 +3.7%
47 ACWX 0.42% 127,204 $9M $68.47 -$20M -297,825 -70.1%
48 TEL 0.42% 41,060 $9M $209.02 -$2M -3,575 -8.0%
49 FMAO 0.41% 328,604 $8M $25.67 -$4M -156,460 -32.3%
50 AZN 0.40% 41,673 $8M $197.22 +41,673 NEW
51 V 0.40% 27,135 $8M $302.24 -$1M +642 +2.4%
52 PEP 0.39% 51,874 $8M $155.29 $653K +295 +0.6%
53 BRK-B 0.38% 16,527 $8M $479.19 -$219K +335 +2.1%
54 PG 0.38% 54,529 $8M $144.44 $18K -307 -0.6%
55 ETR 0.38% 69,176 $8M $112.36 -$2M -35,614 -34.0%
56 TJX 0.37% 48,488 $8M $159.70 $276K -127 -0.3%
57 META 0.36% 12,963 $7M $572.11 -$409K +1,107 +9.3%
58 MUNI 0.36% 141,554 $7M $52.19 -$128K -1,855 -1.3%
59 IBM 0.36% 30,331 $7M $242.39 -$1M +740 +2.5%
60 VLO 0.35% 29,282 $7M $247.08 $7M +25,438 +661.8%
61 WSM 0.35% 39,573 $7M $182.33 $131K -95 -0.2%
62 RIO 0.33% 72,811 $7M $93.29 $932K -415 -0.6%
63 IJK 0.33% 67,318 $7M $100.62 $226K -271 -0.4%
64 MDY 0.32% 10,874 $7M $616.75 $147K
65 KO 0.32% 87,475 $7M $76.05 $815K +3,973 +4.8%
66 IVW 0.32% 58,681 $7M $113.11 -$270K +2,644 +4.7%
67 UNP 0.31% 26,629 $6M $242.62 $301K +3 +0.0%
68 MDT 0.30% 72,360 $6M $86.65 -$606K +781 +1.1%
69 IGIB 0.30% 117,243 $6M $53.22 $171K +4,607 +4.1%
70 LOW 0.29% 25,380 $6M $236.28 -$103K +88 +0.3%
71 JCI 0.28% 44,827 $6M $130.95 $454K -405 -0.9%
72 KLAC 0.28% 3,912 $6M $1,472.41 -$502K -1,242 -24.1%
73 JAAA 0.27% 112,619 $6M $50.37 $996K +20,161 +21.8%
74 HON 0.27% 25,014 $6M $226.03 $1M +1,370 +5.8%
75 SO 0.27% 57,882 $6M $96.52 $529K -124 -0.2%
76 APD 0.27% 19,090 $6M $290.49 $787K -174 -0.9%
77 SYY 0.27% 77,474 $6M $71.33 -$172K +148 +0.2%
78 PRU 0.26% 55,851 $5M $97.69 -$852K -29 -0.1%
79 GNTX 0.25% 239,045 $5M $21.85 -$395K -2,381 -1.0%
80 OMC 0.25% 69,051 $5M $75.31 -$418K -527 -0.8%
81 MCD 0.25% 16,572 $5M $310.79 $4M +12,022 +264.2%
82 PANW 0.25% 32,022 $5M $160.32 -$2M -6,861 -17.6%
83 PFE 0.25% 181,055 $5M $28.08 $631K +2,214 +1.2%
84 SWK 0.25% 71,270 $5M $71.06 -$218K +160 +0.2%
85 BKNG 0.24% 1,194 $5M $4,210.33 -$2M -92 -7.2%
86 HD 0.24% 15,260 $5M $328.89 $46K +810 +5.6%
87 UNH 0.24% 18,545 $5M $270.59 -$3M -6,439 -25.8%
88 CTVA 0.24% 59,552 $5M $83.71 $902K -1,366 -2.2%
89 ANET 0.24% 40,211 $5M $122.78 -$252K +606 +1.5%
90 MBX 0.24% 164,172 $5M $29.85 -$2M -57,500 -25.9%
91 INGR 0.23% 42,606 $5M $112.66 $50K -479 -1.1%
92 FITB 0.23% 102,655 $5M $46.46 $20K +1,193 +1.2%
93 TROW 0.23% 52,019 $5M $90.14 -$664K -268 -0.5%
94 MA 0.22% 9,197 $5M $499.66 -$461K +340 +3.8%
95 GLW 0.22% 32,998 $4M $135.97 $1M -2,919 -8.1%
96 GATX 0.22% 26,210 $4M $170.74 $20K -61 -0.2%
97 TGT 0.21% 36,291 $4M $121.20 $825K -265 -0.7%
98 BRK-A 0.21% 6 $4M $718,140.00 -$220K
99 IJJ 0.20% 31,122 $4M $132.50 $41K +95 +0.3%
100 NXST 0.20% 22,355 $4M $180.83 -$516K -93 -0.4%

New Positions

SymbolValue% Port
AZN $8M 0.40%
FDX $3M 0.13%
AMP $2M 0.11%
DELL $2M 0.10%
CAH $2M 0.09%
BPOP $2M 0.09%
FTNT $2M 0.08%
MSI $2M 0.08%
MO $1M 0.07%
ATO $1M 0.06%
MCO $885K 0.04%
EFV $681K 0.03%
EW $360K 0.02%
VV $347K 0.02%
GLD $341K 0.02%

Sold Out Positions

SymbolValue% Port
APO —%
BX —%
DGII —%
AREC —%
IBIT —%
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