13F HOLDINGS REPORT

Goelzer Investment Management, Inc.

Quarter ended Q2 2023 · Filed April 28, 2023 · Accession 0001085146-23-001954

Total Value

$1.15B

Positions

222

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (222)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	167,822	$69.0M	6.00%
2	SPDR SER TR	78464A300	783,455	$59.7M	5.19%
3	ISHARES TR	464287804	501,022	$48.4M	4.21%
4	ISHARES TR	464287507	188,545	$47.2M	4.10%
5	SCHWAB STRATEGIC TR	808524805	1,274,833	$44.4M	3.86%
6	LILLY ELI & CO	LLY	87,091	$29.9M	2.60%
7	MICROSOFT CORP	MSFT	95,685	$27.6M	2.40%
8	APPLE INC	AAPL	156,846	$25.9M	2.25%
9	EXXON MOBIL CORP	XOM	169,834	$18.6M	1.62%
10	MERCK & CO INC	MRK	156,384	$16.6M	1.45%
11	QUALCOMM INC	QCOM	125,652	$16.0M	1.39%
12	CHEVRON CORP NEW	CVX	96,616	$15.8M	1.37%
13	EATON CORP PLC	ETN	88,794	$15.2M	1.32%
14	LOCKHEED MARTIN CORP	LMT	31,939	$15.1M	1.31%
15	ISHARES TR	464287309	216,739	$13.8M	1.20%
16	SPDR S&P 500 ETF TR	SPY	33,366	$13.7M	1.19%
17	PEPSICO INC	PEP	72,661	$13.2M	1.15%
18	OMEGA HEALTHCARE INVS INC	681936100	444,400	$12.2M	1.06%
19	ISHARES TR	464287598	79,161	$12.1M	1.05%
20	ISHARES TR	464288646	233,577	$11.8M	1.03%
21	AIR PRODS & CHEMS INC	AIIR	37,449	$10.8M	0.93%
22	INTERPUBLIC GROUP COS INC	INTR	283,539	$10.6M	0.92%
23	CVS HEALTH CORP	CVS	141,206	$10.5M	0.91%
24	ISHARES TR	464287432	96,673	$10.3M	0.89%
25	BRISTOL-MYERS SQUIBB CO	CELG-RI	145,451	$10.1M	0.88%
26	ANALOG DEVICES INC	ADI	50,736	$10.0M	0.87%
27	ALPHABET INC	GOOG	94,234	$9.8M	0.85%
28	CISCO SYS INC	CSCO	186,525	$9.8M	0.85%
29	ENBRIDGE INC	ENNPF	242,410	$9.2M	0.80%
30	ISHARES TR	464288588	96,702	$9.2M	0.80%
31	JOHNSON & JOHNSON	JNJ	58,923	$9.1M	0.79%
32	SMUCKER J M CO	832696405	57,479	$9.0M	0.79%
33	PRINCIPAL FINANCIAL GROUP IN	PFG	120,144	$8.9M	0.78%
34	ABBVIE INC	ABBV	55,210	$8.8M	0.76%
35	PIMCO ETF TR	72201R866	168,240	$8.8M	0.76%
36	TE CONNECTIVITY LTD	TEL	66,213	$8.7M	0.75%
37	PRUDENTIAL FINL INC	PUKPF	104,281	$8.6M	0.75%
38	GENTEX CORP	GNTX	303,139	$8.5M	0.74%
39	POLARIS INC	PII	76,243	$8.4M	0.73%
40	UNITEDHEALTH GROUP INC	UNH	17,238	$8.1M	0.71%
41	PFIZER INC	PFE	198,897	$8.1M	0.71%
42	CITIZENS FINL GROUP INC	CIA	259,155	$7.9M	0.68%
43	PROCTER AND GAMBLE CO	742718109	52,363	$7.8M	0.68%
44	BERKSHIRE HATHAWAY INC DEL	BRK-A	24,726	$7.6M	0.66%
45	COSTCO WHSL CORP NEW	22160K105	15,277	$7.6M	0.66%
46	GATX CORP	GATX	68,802	$7.6M	0.66%
47	TRAVELERS COMPANIES INC	TRV	43,533	$7.5M	0.65%
48	TARGET CORP	TGT	45,018	$7.5M	0.65%
49	BROADCOM INC	AVGO	11,245	$7.2M	0.63%
50	SYSCO CORP	SYY	91,930	$7.1M	0.62%
51	PRICE T ROWE GROUP INC	TROW	61,305	$6.9M	0.60%
52	JPMORGAN CHASE & CO	VYLD	50,653	$6.6M	0.57%
53	VISA INC	V	29,227	$6.6M	0.57%
54	WALMART INC	WMT	43,080	$6.4M	0.55%
55	THE CIGNA GROUP	125523100	24,610	$6.3M	0.55%
56	SPDR S&P MIDCAP 400 ETF TR	MDY	13,709	$6.3M	0.55%
57	RIO TINTO PLC	RTNTF	88,770	$6.1M	0.53%
58	ISHARES TR	464288240	124,592	$6.1M	0.53%
59	RAYTHEON TECHNOLOGIES CORP	RTX	60,166	$5.9M	0.51%
60	ISHARES TR	464287606	80,716	$5.8M	0.50%
61	FREEPORT-MCMORAN INC	FCX	136,875	$5.6M	0.49%
62	PALO ALTO NETWORKS INC	PANW	27,806	$5.6M	0.48%
63	MCKESSON CORP	MCK	14,661	$5.2M	0.45%
64	INTERNATIONAL BUSINESS MACHS	INTR	39,332	$5.2M	0.45%
65	US BANCORP DEL	USB-PS	139,994	$5.0M	0.44%
66	KEYCORP	493267108	400,827	$5.0M	0.44%
67	INGREDION INC	INGR	49,119	$5.0M	0.43%
68	HONEYWELL INTL INC	438516106	26,016	$5.0M	0.43%
69	TJX COS INC NEW	872540109	62,124	$4.9M	0.42%
70	VERIZON COMMUNICATIONS INC	VZ	125,163	$4.9M	0.42%
71	NISOURCE INC	NI	171,051	$4.8M	0.42%
72	AMERICAN ELEC PWR CO INC	025537101	51,710	$4.7M	0.41%
73	3M CO	MMM	44,417	$4.7M	0.41%
74	SOUTHERN CO	SOMN	67,067	$4.7M	0.41%
75	IQVIA HLDGS INC	IQV	23,315	$4.6M	0.40%
76	CORTEVA INC	CTVA	75,465	$4.6M	0.40%
77	NEXSTAR MEDIA GROUP INC	NXST	26,302	$4.5M	0.39%
78	LOWES COS INC	548661107	22,583	$4.5M	0.39%
79	STANLEY BLACK & DECKER INC	SWK	54,385	$4.4M	0.38%
80	ISHARES TR	464287705	41,735	$4.3M	0.37%
81	ISHARES TR	464288638	82,960	$4.3M	0.37%
82	BORGWARNER INC	BWA	85,235	$4.2M	0.36%
83	AMAZON COM INC	AMZN	39,808	$4.1M	0.36%
84	MEDTRONIC PLC	MDT	50,786	$4.1M	0.36%
85	T-MOBILE US INC	TMUSZ	27,685	$4.0M	0.35%
86	HOME DEPOT INC	HD	13,482	$4.0M	0.35%
87	JOHNSON CTLS INTL PLC	G51502105	65,561	$3.9M	0.34%
88	SCHLUMBERGER LTD	SLB	79,667	$3.9M	0.34%
89	UNION PAC CORP	UNP	19,180	$3.9M	0.34%
90	ADOBE SYSTEMS INCORPORATED	ADBE	9,813	$3.8M	0.33%
91	MASTERCARD INCORPORATED	MA	10,387	$3.8M	0.33%
92	AMERICAN INTL GROUP INC	026874784	72,405	$3.6M	0.32%
93	CATERPILLAR INC	CAT	15,475	$3.5M	0.31%
94	HANOVER INS GROUP INC	410867105	27,397	$3.5M	0.31%
95	AMERICAN EXPRESS CO	AXP	21,247	$3.5M	0.30%
96	BOOKING HOLDINGS INC	BKNG	1,319	$3.5M	0.30%
97	ULTA BEAUTY INC	ULTA	6,400	$3.5M	0.30%
98	WILLIAMS SONOMA INC	WSM	28,472	$3.5M	0.30%
99	DISNEY WALT CO	254687106	34,048	$3.4M	0.30%
100	AON PLC	AON	10,743	$3.4M	0.29%
101	ZOETIS INC	ZTS	20,265	$3.4M	0.29%
102	VANGUARD SCOTTSDALE FDS	92206C680	53,327	$3.4M	0.29%
103	CHARTER COMMUNICATIONS INC N	16119P108	9,018	$3.2M	0.28%
104	HOSTESS BRANDS INC	44109J106	125,661	$3.1M	0.27%
105	SCHWAB CHARLES CORP	SCHW-PJ	57,307	$3.0M	0.26%
106	EOG RES INC	EOG	25,655	$2.9M	0.26%
107	DIGITAL RLTY TR INC	253868103	29,475	$2.9M	0.25%
108	VANGUARD INDEX FDS	922908751	14,817	$2.8M	0.24%
109	BANK AMERICA CORP	060505104	95,029	$2.7M	0.24%
110	VANGUARD INDEX FDS	922908629	12,528	$2.6M	0.23%
111	ISHARES TR	464287614	10,304	$2.5M	0.22%
112	EPAM SYS INC	EPAM	7,916	$2.4M	0.21%
113	FIDELITY NATL INFORMATION SV	31620M106	42,781	$2.3M	0.20%
114	WELLS FARGO CO NEW	949746101	61,815	$2.3M	0.20%
115	KLA CORP	KLAC	5,594	$2.2M	0.19%
116	ADVANCE AUTO PARTS INC	AAP	17,913	$2.2M	0.19%
117	GLOBAL PMTS INC	37940X102	20,427	$2.1M	0.19%
118	SYNOVUS FINL CORP	87161C501	67,899	$2.1M	0.18%
119	KRAFT HEINZ CO	KHC	53,870	$2.1M	0.18%
120	ISHARES TR	464287879	22,035	$2.1M	0.18%
121	TRUIST FINL CORP	89832Q109	60,129	$2.1M	0.18%
122	BOSTON SCIENTIFIC CORP	BSX	40,810	$2.0M	0.18%
123	ISHARES TR	464287473	19,087	$2.0M	0.18%
124	EQUINIX INC	EQIX	2,794	$2.0M	0.18%
125	FIRST TR VALUE LINE DIVID IN	33734H106	49,386	$2.0M	0.17%
126	PIONEER NAT RES CO	723787107	9,688	$2.0M	0.17%
127	FIFTH THIRD BANCORP	FITBM	69,935	$1.9M	0.16%
128	WALGREENS BOOTS ALLIANCE INC	931427108	53,352	$1.8M	0.16%
129	ISHARES TR	464287499	26,256	$1.8M	0.16%
130	ISHARES TR	464287465	24,216	$1.7M	0.15%
131	ZIMMER BIOMET HOLDINGS INC	ZBH	12,845	$1.7M	0.14%
132	THERMO FISHER SCIENTIFIC INC	TMO	2,705	$1.6M	0.14%
133	EDISON INTL	281020107	20,079	$1.4M	0.12%
134	CUMMINS INC	CMI	5,839	$1.4M	0.12%
135	CARRIER GLOBAL CORPORATION	CARR	27,968	$1.3M	0.11%
136	COTERRA ENERGY INC	CTRA	50,408	$1.2M	0.11%
137	GEN DIGITAL INC	GENVR	69,716	$1.2M	0.10%
138	VANGUARD INDEX FDS	922908769	5,829	$1.2M	0.10%
139	OTIS WORLDWIDE CORP	OTIS	13,772	$1.2M	0.10%
140	DOMINION ENERGY INC	D	18,693	$1.0M	0.09%
141	INVESCO QQQ TR	IVZ	3,235	$1.0M	0.09%
142	ISHARES TR	464288166	9,355	$1.0M	0.09%
143	SELECT SECTOR SPDR TR	81369Y506	10,899	$902,792	0.08%
144	MCDONALDS CORP	MCD	3,220	$900,345	0.08%
145	ISHARES TR	464287440	9,053	$897,332	0.08%
146	ISHARES TR	464288513	11,433	$863,764	0.08%
147	VALERO ENERGY CORP	VLO	6,071	$847,512	0.07%
148	VANGUARD SCOTTSDALE FDS	92206C664	11,746	$846,652	0.07%
149	NORFOLK SOUTHN CORP	655844108	3,919	$830,828	0.07%
150	VANGUARD INDEX FDS	922908553	9,925	$824,172	0.07%
151	DIGI INTL INC	253798102	23,350	$786,428	0.07%
152	ISHARES TR	464288653	6,626	$758,943	0.07%
153	FRANKLIN ELEC INC	FELE	8,040	$756,564	0.07%
154	VANGUARD INDEX FDS	922908611	4,660	$739,822	0.06%
155	BOEING CO	BA-PA	3,322	$705,693	0.06%
156	XYLEM INC	XYL	6,585	$689,398	0.06%
157	FARMERS & MERCHANTS BANCORP	FMCB	27,564	$670,357	0.06%
158	VERTEX PHARMACEUTICALS INC	VRTX	2,078	$654,716	0.06%
159	AUTOMATIC DATA PROCESSING IN	ADP	2,877	$640,396	0.06%
160	TRACTOR SUPPLY CO	TSCO	2,664	$626,254	0.05%
161	AMERICAN TOWER CORP NEW	03027X100	3,026	$618,333	0.05%
162	SELECT SECTOR SPDR TR	81369Y605	18,364	$590,388	0.05%
163	FIRST SOLAR INC	FSLR	2,673	$581,378	0.05%
164	ORACLE CORP	ORCL-PD	6,135	$570,018	0.05%
165	VANGUARD INTL EQUITY INDEX F	922042858	14,108	$569,964	0.05%
166	ECOLAB INC	ECL	3,430	$567,768	0.05%
167	DBX ETF TR	233051200	16,075	$565,840	0.05%
168	FISERV INC	FISV	4,984	$563,342	0.05%
169	VANGUARD SPECIALIZED FUNDS	921908844	3,600	$554,425	0.05%
170	ALPHABET INC	GOOG	5,328	$552,674	0.05%
171	FASTENAL CO	FAST	10,200	$550,188	0.05%
172	EMERSON ELEC CO	EMR	6,302	$549,157	0.05%
173	ISHARES TR	464287457	6,673	$548,249	0.05%
174	SELECT SECTOR SPDR TR	81369Y803	3,532	$533,386	0.05%
175	SELECT SECTOR SPDR TR	81369Y209	4,077	$527,857	0.05%
176	ACCENTURE PLC IRELAND	ACN	1,843	$526,748	0.05%
177	BECTON DICKINSON & CO	BDX	2,109	$522,062	0.05%
178	CONOCOPHILLIPS	COP	5,200	$515,892	0.04%
179	ISHARES TR	46432F339	4,022	$498,990	0.04%
180	GOLDMAN SACHS ETF TR	NVGLF	6,143	$498,935	0.04%
181	HUNTINGTON INGALLS INDS INC	446413106	2,400	$496,848	0.04%
182	VANGUARD INDEX FDS	922908538	2,541	$495,216	0.04%
183	ABBOTT LABS	ABLZF	4,884	$494,504	0.04%
184	META PLATFORMS INC	META	2,309	$489,264	0.04%
185	VANGUARD WORLD FDS	92204A504	2,017	$480,974	0.04%
186	VANGUARD WORLD FDS	92204A702	1,240	$477,874	0.04%
187	NEXTERA ENERGY INC	NEE-PW	6,028	$464,639	0.04%
188	ISHARES TR	464288182	6,693	$454,254	0.04%
189	ISHARES TR	464287515	1,398	$425,971	0.04%
190	XCEL ENERGY INC	XELLL	6,050	$408,012	0.04%
191	VANGUARD INDEX FDS	922908512	2,976	$398,993	0.03%
192	COMCAST CORP NEW	CCZ	10,443	$395,895	0.03%
193	SNAP ON INC	SNA	1,601	$395,271	0.03%
194	VANGUARD SCOTTSDALE FDS	92206C730	2,095	$390,362	0.03%
195	CRANE HLDGS CO	CXT	3,409	$386,922	0.03%
196	ISHARES TR	464287655	2,101	$374,819	0.03%
197	ISHARES TR	464288661	3,082	$362,583	0.03%
198	MARATHON PETE CORP	MARA	2,586	$348,671	0.03%
199	UNITED PARCEL SERVICE INC	UPS	1,792	$347,631	0.03%
200	FIRST MERCHANTS CORP	FRMEP	9,965	$328,347	0.03%
201	NIKE INC	NKE	2,587	$317,209	0.03%
202	CSX CORP	CSX	10,523	$315,059	0.03%
203	STRYKER CORPORATION	SYK	1,084	$309,450	0.03%
204	MONDELEZ INTL INC	609207105	4,383	$305,583	0.03%
205	VANGUARD INTL EQUITY INDEX F	922042775	5,709	$305,261	0.03%
206	SELECT SECTOR SPDR TR	81369Y704	3,012	$304,740	0.03%
207	BLACKROCK INC	BLK	454	$303,781	0.03%
208	GOLDMAN SACHS ETF TR	NVGLF	9,370	$288,690	0.03%
209	GENERAL DYNAMICS CORP	GD	1,256	$286,632	0.02%
210	WASTE MGMT INC DEL	94106L109	1,742	$284,243	0.02%
211	BP PLC	BPPFF	7,409	$281,098	0.02%
212	ZEBRA TECHNOLOGIES CORPORATI	ZBRA	835	$265,530	0.02%
213	SELECT SECTOR SPDR TR	81369Y308	3,224	$240,842	0.02%
214	SELECT SECTOR SPDR TR	81369Y407	1,610	$240,729	0.02%
215	J P MORGAN EXCHANGE TRADED F	46641Q134	4,343	$239,170	0.02%
216	CHART INDS INC	16115Q308	1,893	$237,383	0.02%
217	ISHARES TR	464287150	2,565	$232,261	0.02%
218	NVIDIA CORPORATION	NVDA	786	$218,328	0.02%
219	INVESCO ACTVELY MNGD ETC FD	IVZ	15,212	$216,315	0.02%
220	DIAGEO PLC	DGEAF	1,193	$216,148	0.02%
221	ISHARES TR	464287481	2,294	$208,869	0.02%
222	CANOPY GROWTH CORP	CGC	10,000	$17,500	0.00%