13F HOLDINGS REPORT

Goelzer Investment Management, Inc.

Quarter ended Q1 2023 · Filed January 20, 2023 · Accession 0001085146-23-000264

Total Value

$1.17B

Positions

237

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (237)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR SER TR	78464A300	774,794	$57.5M	4.93%
2	ISHARES TR	464287200	146,905	$56.4M	4.84%
3	ISHARES TR	464287804	498,219	$47.2M	4.04%
4	ISHARES TR	464287507	184,990	$44.7M	3.83%
5	SCHWAB STRATEGIC TR	808524805	1,315,966	$42.4M	3.63%
6	LILLY ELI & CO	LLY	86,797	$31.8M	2.72%
7	MICROSOFT CORP	MSFT	105,691	$25.3M	2.17%
8	PIMCO ETF TR	72201R866	450,732	$23.2M	1.98%
9	APPLE INC	AAPL	174,203	$22.6M	1.94%
10	EXXON MOBIL CORP	XOM	192,368	$21.2M	1.82%
11	SPDR S&P 500 ETF TR	SPY	55,194	$21.1M	1.81%
12	MERCK & CO INC	MRK	168,953	$18.7M	1.61%
13	CHEVRON CORP NEW	CVX	99,785	$17.9M	1.53%
14	LOCKHEED MARTIN CORP	LMT	30,027	$14.6M	1.25%
15	QUALCOMM INC	QCOM	127,284	$14.0M	1.20%
16	ISHARES TR	464287598	87,091	$13.2M	1.13%
17	OMEGA HEALTHCARE INVS INC	681936100	450,292	$12.6M	1.08%
18	EATON CORP PLC	ETN	76,811	$12.1M	1.03%
19	ISHARES TR	464287309	203,720	$11.9M	1.02%
20	UNITEDHEALTH GROUP INC	UNH	22,215	$11.8M	1.01%
21	PFIZER INC	PFE	221,639	$11.4M	0.97%
22	CVS HEALTH CORP	CVS	120,594	$11.2M	0.96%
23	AIR PRODS & CHEMS INC	AIIR	36,276	$11.2M	0.96%
24	PEPSICO INC	PEP	59,332	$10.7M	0.92%
25	PRUDENTIAL FINL INC	PUKPF	106,105	$10.6M	0.90%
26	PRINCIPAL FINANCIAL GROUP IN	PFG	119,576	$10.0M	0.86%
27	CITIZENS FINL GROUP INC	CIA	241,861	$9.5M	0.82%
28	JOHNSON & JOHNSON	JNJ	53,353	$9.4M	0.81%
29	BRISTOL-MYERS SQUIBB CO	CELG-RI	128,555	$9.2M	0.79%
30	BERKSHIRE HATHAWAY INC DEL	BRK-A	29,724	$9.2M	0.79%
31	ANALOG DEVICES INC	ADI	54,844	$9.0M	0.77%
32	ISHARES TR	464287432	88,489	$8.8M	0.75%
33	ALPHABET INC	GOOG	98,812	$8.8M	0.75%
34	GENTEX CORP	GNTX	318,700	$8.7M	0.74%
35	ENBRIDGE INC	ENNPF	220,598	$8.6M	0.74%
36	INTERPUBLIC GROUP COS INC	INTR	253,903	$8.5M	0.72%
37	CISCO SYS INC	CSCO	171,102	$8.2M	0.70%
38	ABBVIE INC	ABBV	49,813	$8.1M	0.69%
39	SMUCKER J M CO	832696405	50,582	$8.0M	0.69%
40	ISHARES TR	464288588	85,467	$7.9M	0.68%
41	ISHARES TR	464288646	158,432	$7.9M	0.68%
42	SPDR SER TR	78464A672	274,108	$7.7M	0.66%
43	TRAVELERS COMPANIES INC	TRV	39,146	$7.3M	0.63%
44	COSTCO WHSL CORP NEW	22160K105	15,739	$7.2M	0.62%
45	CIGNA CORP NEW	125523100	21,482	$7.1M	0.61%
46	POLARIS INC	PII	70,179	$7.1M	0.61%
47	RAYTHEON TECHNOLOGIES CORP	RTX	69,482	$7.0M	0.60%
48	KEYCORP	493267108	400,420	$7.0M	0.60%
49	HONEYWELL INTL INC	438516106	32,218	$6.9M	0.59%
50	TE CONNECTIVITY LTD	TEL	60,119	$6.9M	0.59%
51	FREEPORT-MCMORAN INC	FCX	179,490	$6.8M	0.58%
52	MCKESSON CORP	MCK	17,968	$6.7M	0.58%
53	BROADCOM INC	AVGO	11,732	$6.6M	0.56%
54	JPMORGAN CHASE & CO	VYLD	48,876	$6.6M	0.56%
55	GATX CORP	GATX	60,503	$6.4M	0.55%
56	TARGET CORP	TGT	42,957	$6.4M	0.55%
57	SCHLUMBERGER LTD	SLB	118,462	$6.3M	0.54%
58	VISA INC	V	30,162	$6.3M	0.54%
59	SYSCO CORP	SYY	81,943	$6.3M	0.54%
60	TJX COS INC NEW	872540109	78,454	$6.2M	0.54%
61	PRICE T ROWE GROUP INC	TROW	57,209	$6.2M	0.53%
62	SPDR S&P MIDCAP 400 ETF TR	MDY	13,846	$6.1M	0.53%
63	WALMART INC	WMT	42,968	$6.1M	0.52%
64	VERIZON COMMUNICATIONS INC	VZ	153,908	$6.1M	0.52%
65	LOWES COS INC	548661107	30,320	$6.0M	0.52%
66	IQVIA HLDGS INC	IQV	28,755	$5.9M	0.50%
67	ISHARES TR	464288240	127,559	$5.8M	0.50%
68	AMERICAN INTL GROUP INC	026874784	91,508	$5.8M	0.50%
69	RIO TINTO PLC	RTNTF	79,644	$5.7M	0.49%
70	ISHARES TR	464287606	82,261	$5.6M	0.48%
71	US BANCORP DEL	USB-PS	127,254	$5.5M	0.48%
72	CORTEVA INC	CTVA	89,762	$5.3M	0.45%
73	PROCTER AND GAMBLE CO	742718109	33,843	$5.1M	0.44%
74	INTERNATIONAL BUSINESS MACHS	INTR	34,781	$4.9M	0.42%
75	T-MOBILE US INC	TMUSZ	33,418	$4.7M	0.40%
76	ISHARES TR	464287705	46,196	$4.7M	0.40%
77	SCHWAB CHARLES CORP	SCHW-PJ	55,772	$4.6M	0.40%
78	NISOURCE INC	NI	165,805	$4.5M	0.39%
79	INGREDION INC	INGR	43,854	$4.3M	0.37%
80	SOUTHERN CO	SOMN	59,509	$4.2M	0.36%
81	JOHNSON CTLS INTL PLC	G51502105	65,386	$4.2M	0.36%
82	PIONEER NAT RES CO	723787107	17,812	$4.1M	0.35%
83	HOSTESS BRANDS INC	44109J106	180,811	$4.1M	0.35%
84	AMERICAN EXPRESS CO	AXP	27,415	$4.1M	0.35%
85	PALO ALTO NETWORKS INC	PANW	28,841	$4.0M	0.34%
86	NEXSTAR MEDIA GROUP INC	NXST	22,953	$4.0M	0.34%
87	CATERPILLAR INC	CAT	15,942	$3.8M	0.33%
88	HOME DEPOT INC	HD	12,051	$3.8M	0.33%
89	CHARTER COMMUNICATIONS INC N	16119P108	11,184	$3.8M	0.32%
90	MASTERCARD INCORPORATED	MA	10,768	$3.7M	0.32%
91	DISNEY WALT CO	254687106	42,061	$3.7M	0.31%
92	BORGWARNER INC	BWA	89,308	$3.6M	0.31%
93	ADOBE SYSTEMS INCORPORATED	ADBE	10,170	$3.4M	0.29%
94	AON PLC	AON	11,283	$3.4M	0.29%
95	AMAZON COM INC	AMZN	40,231	$3.4M	0.29%
96	WELLS FARGO CO NEW	949746101	80,944	$3.3M	0.29%
97	HANOVER INS GROUP INC	410867105	24,008	$3.2M	0.28%
98	KRAFT HEINZ CO	KHC	76,786	$3.1M	0.27%
99	ZOETIS INC	ZTS	21,270	$3.1M	0.27%
100	VANGUARD BD INDEX FDS	921937827	41,302	$3.1M	0.27%
101	3M CO	MMM	25,825	$3.1M	0.27%
102	SPDR SER TR	78464A383	140,529	$3.0M	0.26%
103	ULTA BEAUTY INC	ULTA	6,470	$3.0M	0.26%
104	WILLIAMS SONOMA INC	WSM	26,387	$3.0M	0.26%
105	BANK AMERICA CORP	060505104	89,643	$3.0M	0.25%
106	FIDELITY NATL INFORMATION SV	31620M106	43,228	$2.9M	0.25%
107	VANGUARD SCOTTSDALE FDS	92206C680	52,712	$2.9M	0.25%
108	GLOBAL PMTS INC	37940X102	28,675	$2.8M	0.24%
109	ISHARES TR	464288638	57,189	$2.8M	0.24%
110	KLA CORP	KLAC	7,504	$2.8M	0.24%
111	BROADRIDGE FINL SOLUTIONS IN	11133T103	21,004	$2.8M	0.24%
112	VANGUARD INDEX FDS	922908751	14,934	$2.7M	0.23%
113	EPAM SYS INC	EPAM	8,254	$2.7M	0.23%
114	DIGITAL RLTY TR INC	253868103	26,939	$2.7M	0.23%
115	TRUIST FINL CORP	89832Q109	61,261	$2.6M	0.23%
116	VANGUARD INDEX FDS	922908629	12,853	$2.6M	0.22%
117	ZIMMER BIOMET HOLDINGS INC	ZBH	20,299	$2.6M	0.22%
118	SYNOVUS FINL CORP	87161C501	68,666	$2.6M	0.22%
119	STANLEY BLACK & DECKER INC	SWK	33,439	$2.5M	0.22%
120	FIFTH THIRD BANCORP	FITBM	74,393	$2.4M	0.21%
121	GEN DIGITAL INC	GENVR	107,469	$2.3M	0.20%
122	ADVANCE AUTO PARTS INC	AAP	15,212	$2.2M	0.19%
123	ISHARES TR	464287614	10,329	$2.2M	0.19%
124	CUMMINS INC	CMI	8,919	$2.2M	0.19%
125	EDISON INTL	281020107	31,996	$2.0M	0.17%
126	ISHARES TR	464287473	19,313	$2.0M	0.17%
127	ISHARES TR	464287879	22,106	$2.0M	0.17%
128	FIRST TR VALUE LINE DIVID IN	33734H106	49,386	$2.0M	0.17%
129	LEVI STRAUSS & CO NEW	LEVI	126,333	$2.0M	0.17%
130	BOSTON SCIENTIFIC CORP	BSX	42,251	$2.0M	0.17%
131	BOOKING HOLDINGS INC	BKNG	957	$1.9M	0.17%
132	EQUINIX INC	EQIX	2,842	$1.9M	0.16%
133	WALGREENS BOOTS ALLIANCE INC	931427108	49,509	$1.8M	0.16%
134	DOMINION ENERGY INC	D	28,971	$1.8M	0.15%
135	ISHARES TR	464287499	26,256	$1.8M	0.15%
136	ISHARES TR	464287465	24,378	$1.6M	0.14%
137	THERMO FISHER SCIENTIFIC INC	TMO	2,781	$1.5M	0.13%
138	NIKE INC	NKE	12,164	$1.4M	0.12%
139	UNION PAC CORP	UNP	6,829	$1.4M	0.12%
140	EOG RES INC	EOG	9,525	$1.2M	0.11%
141	ISHARES TR	464288166	10,837	$1.2M	0.10%
142	CARRIER GLOBAL CORPORATION	CARR	27,700	$1.1M	0.10%
143	VANGUARD SCOTTSDALE FDS	92206C870	14,661	$1.1M	0.10%
144	VANGUARD INDEX FDS	922908769	5,931	$1.1M	0.10%
145	ISHARES TR	464288513	15,202	$1.1M	0.10%
146	OTIS WORLDWIDE CORP	OTIS	13,706	$1.1M	0.09%
147	COTERRA ENERGY INC	CTRA	42,910	$1.1M	0.09%
148	NORFOLK SOUTHN CORP	655844108	3,919	$965,720	0.08%
149	SIMON PPTY GROUP INC NEW	828806109	7,973	$936,668	0.08%
150	SELECT SECTOR SPDR TR	81369Y506	10,476	$916,312	0.08%
151	MCDONALDS CORP	MCD	3,270	$861,743	0.07%
152	INVESCO QQQ TR	IVZ	3,235	$861,416	0.07%
153	DIGI INTL INC	253798102	23,350	$853,442	0.07%
154	VANGUARD INDEX FDS	922908553	10,275	$847,482	0.07%
155	VANGUARD SCOTTSDALE FDS	92206C664	11,336	$797,714	0.07%
156	ISHARES TR	464288653	7,359	$796,097	0.07%
157	VALERO ENERGY CORP	VLO	6,113	$775,495	0.07%
158	FARMERS & MERCHANTS BANCORP	FMCB	27,564	$749,190	0.06%
159	VANGUARD INDEX FDS	922908611	4,660	$740,008	0.06%
160	XYLEM INC	XYL	6,545	$723,625	0.06%
161	AUTOMATIC DATA PROCESSING IN	ADP	2,877	$687,081	0.06%
162	PULTE GROUP INC	745867101	15,000	$682,950	0.06%
163	VANGUARD SPECIALIZED FUNDS	921908844	4,436	$673,648	0.06%
164	ISHARES TR	464287440	6,754	$646,925	0.06%
165	FRANKLIN ELEC INC	FELE	8,040	$641,190	0.05%
166	BOEING CO	BA-PA	3,335	$635,284	0.05%
167	VERTEX PHARMACEUTICALS INC	VRTX	2,181	$629,829	0.05%
168	CONOCOPHILLIPS	COP	5,200	$613,600	0.05%
169	AMERICAN TOWER CORP NEW	03027X100	2,884	$611,004	0.05%
170	EMERSON ELEC CO	EMR	6,302	$605,370	0.05%
171	TRACTOR SUPPLY CO	TSCO	2,664	$599,422	0.05%
172	SELECT SECTOR SPDR TR	81369Y605	17,455	$596,951	0.05%
173	CRANE HLDGS CO	CXT	5,671	$569,652	0.05%
174	SELECT SECTOR SPDR TR	81369Y209	4,190	$569,206	0.05%
175	HUNTINGTON INGALLS INDS INC	446413106	2,400	$553,632	0.05%
176	VANGUARD INTL EQUITY INDEX F	922042858	14,108	$549,930	0.05%
177	ABBOTT LABS	ABLZF	4,884	$536,159	0.05%
178	DBX ETF TR	233051200	16,075	$518,097	0.04%
179	ORACLE CORP	ORCL-PD	6,335	$517,782	0.04%
180	BECTON DICKINSON & CO	BDX	2,021	$513,940	0.04%
181	WARNER BROS DISCOVERY INC	WBD	53,671	$508,801	0.04%
182	NEXTERA ENERGY INC	NEE-PW	6,051	$505,864	0.04%
183	FISERV INC	FISV	4,984	$503,733	0.04%
184	VANGUARD WORLD FDS	92204A504	1,996	$495,108	0.04%
185	ISHARES TR	464287457	6,049	$490,974	0.04%
186	ECOLAB INC	ECL	3,371	$490,683	0.04%
187	FASTENAL CO	FAST	10,259	$485,456	0.04%
188	VANGUARD SCOTTSDALE FDS	92206C771	10,640	$484,333	0.04%
189	VANGUARD INDEX FDS	922908538	2,675	$480,858	0.04%
190	SELECT SECTOR SPDR TR	81369Y803	3,804	$473,367	0.04%
191	ALPHABET INC	GOOG	5,319	$469,295	0.04%
192	GOLDMAN SACHS ETF TR	NVGLF	6,143	$467,667	0.04%
193	ISHARES TR	46432F339	4,022	$458,347	0.04%
194	ISHARES TR	464288661	3,853	$442,635	0.04%
195	XCEL ENERGY INC	XELLL	6,250	$438,188	0.04%
196	ISHARES TR	464288182	6,693	$433,639	0.04%
197	VANGUARD INDEX FDS	922908512	3,183	$430,469	0.04%
198	GENERAL DYNAMICS CORP	GD	1,733	$429,975	0.04%
199	VANGUARD WORLD FDS	92204A702	1,316	$420,474	0.04%
200	FIRST SOLAR INC	FSLR	2,798	$419,112	0.04%
201	FIRST MERCHANTS CORP	FRMEP	9,965	$409,661	0.04%
202	ISHARES TR	464287515	1,528	$390,939	0.03%
203	ISHARES TR	464287655	2,141	$373,305	0.03%
204	SNAP ON INC	SNA	1,601	$365,812	0.03%
205	DEERE & CO	DE	848	$363,588	0.03%
206	INVESCO ACTVELY MNGD ETC FD	IVZ	24,080	$355,902	0.03%
207	COMCAST CORP NEW	CCZ	10,061	$351,833	0.03%
208	BLACKROCK INC	BLK	471	$333,765	0.03%
209	SELECT SECTOR SPDR TR	81369Y704	3,364	$330,392	0.03%
210	MARATHON PETE CORP	MARA	2,836	$330,082	0.03%
211	UNITED PARCEL SERVICE INC	UPS	1,892	$328,905	0.03%
212	CSX CORP	CSX	10,523	$326,003	0.03%
213	MONDELEZ INTL INC	609207105	4,728	$315,121	0.03%
214	VANGUARD INTL EQUITY INDEX F	922042775	5,709	$286,249	0.02%
215	META PLATFORMS INC	META	2,347	$282,378	0.02%
216	STRYKER CORPORATION	SYK	1,151	$281,408	0.02%
217	WASTE MGMT INC DEL	94106L109	1,744	$273,599	0.02%
218	GOLDMAN SACHS ETF TR	NVGLF	9,370	$269,669	0.02%
219	VANGUARD WORLD FDS	92204A884	3,198	$263,071	0.02%
220	BP PLC	BPPFF	7,509	$262,289	0.02%
221	MANULIFE FINL CORP	56501R106	14,216	$253,620	0.02%
222	CHUBB LIMITED	CB	1,145	$252,587	0.02%
223	AFLAC INC	AFL	3,424	$246,323	0.02%
224	CHART INDS INC	16115Q308	2,090	$240,831	0.02%
225	VANGUARD SCOTTSDALE FDS	92206C730	1,380	$240,479	0.02%
226	DIAGEO PLC	DGEAF	1,277	$227,549	0.02%
227	BAXTER INTL INC	071813109	4,413	$224,931	0.02%
228	ELEVANCE HEALTH INC	ELV	426	$218,525	0.02%
229	ISHARES TR	464287150	2,565	$217,512	0.02%
230	J P MORGAN EXCHANGE TRADED F	46641Q134	4,343	$217,411	0.02%
231	NORTHROP GRUMMAN CORP	NOC	394	$214,970	0.02%
232	TOTALENERGIES SE	TTE	3,445	$213,866	0.02%
233	TORONTO DOMINION BK ONT	TORO	3,296	$213,449	0.02%
234	SELECT SECTOR SPDR TR	81369Y407	1,639	$211,666	0.02%
235	B2GOLD CORP	BTG	22,706	$81,060	0.01%
236	CANOPY GROWTH CORP	CGC	10,723	$24,770	0.00%
237	SORRENTO THERAPEUTICS INC	83587F202	12,000	$10,632	0.00%