13F HOLDINGS REPORT

Goelzer Investment Management, Inc.

Quarter ended Q3 2023 · Filed July 27, 2023 · Accession 0001085146-23-002932

Total Value

$1.18B

Positions

221

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (221)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	170,400	$75.9M	6.43%
2	SPDR SER TR	78464A300	795,249	$61.4M	5.20%
3	ISHARES TR	464287804	502,935	$50.1M	4.24%
4	ISHARES TR	464287507	191,003	$49.9M	4.23%
5	SCHWAB STRATEGIC TR	808524805	1,195,853	$42.6M	3.61%
6	LILLY ELI & CO	LLY	86,958	$40.8M	3.45%
7	MICROSOFT CORP	MSFT	92,677	$31.6M	2.67%
8	APPLE INC	AAPL	152,458	$29.6M	2.50%
9	EATON CORP PLC	ETN	88,274	$17.8M	1.50%
10	EXXON MOBIL CORP	XOM	160,888	$17.3M	1.46%
11	MERCK & CO INC	MRK	145,845	$16.8M	1.42%
12	LOCKHEED MARTIN CORP	LMT	31,842	$14.7M	1.24%
13	SPDR S&P 500 ETF TR	SPY	33,062	$14.7M	1.24%
14	QUALCOMM INC	QCOM	123,064	$14.6M	1.24%
15	CHEVRON CORP NEW	CVX	90,367	$14.2M	1.20%
16	OMEGA HEALTHCARE INVS INC	681936100	435,768	$13.4M	1.13%
17	ISHARES TR	464287309	188,974	$13.3M	1.13%
18	PEPSICO INC	PEP	71,887	$13.3M	1.13%
19	ISHARES TR	464288646	232,862	$11.7M	0.99%
20	AIR PRODS & CHEMS INC	AIIR	37,438	$11.2M	0.95%
21	ISHARES TR	464287598	70,482	$11.1M	0.94%
22	ISHARES TR	464287432	107,747	$11.1M	0.94%
23	ALPHABET INC	GOOG	91,268	$11.0M	0.93%
24	PRINCIPAL FINANCIAL GROUP IN	PFG	131,646	$10.0M	0.85%
25	JOHNSON & JOHNSON	JNJ	60,311	$10.0M	0.84%
26	ANALOG DEVICES INC	ADI	50,177	$9.8M	0.83%
27	CISCO SYS INC	CSCO	186,860	$9.7M	0.82%
28	ISHARES TR	464288588	102,818	$9.6M	0.81%
29	BROADCOM INC	AVGO	10,964	$9.5M	0.80%
30	CVS HEALTH CORP	CVS	137,122	$9.5M	0.80%
31	BRISTOL-MYERS SQUIBB CO	CELG-RI	144,181	$9.2M	0.78%
32	POLARIS INC	PII	76,117	$9.2M	0.78%
33	TE CONNECTIVITY LTD	TEL	65,559	$9.2M	0.78%
34	INTERPUBLIC GROUP COS INC	INTR	237,633	$9.2M	0.78%
35	PRUDENTIAL FINL INC	PUKPF	102,853	$9.1M	0.77%
36	GATX CORP	GATX	69,075	$8.9M	0.75%
37	GENTEX CORP	GNTX	302,693	$8.9M	0.75%
38	ENBRIDGE INC	ENNPF	237,846	$8.8M	0.75%
39	SMUCKER J M CO	832696405	57,932	$8.6M	0.72%
40	BERKSHIRE HATHAWAY INC DEL	BRK-A	24,028	$8.2M	0.69%
41	PFIZER INC	PFE	219,710	$8.1M	0.68%
42	UNITEDHEALTH GROUP INC	UNH	16,640	$8.0M	0.68%
43	PROCTER AND GAMBLE CO	742718109	51,746	$7.9M	0.66%
44	TRAVELERS COMPANIES INC	TRV	43,306	$7.5M	0.64%
45	ABBVIE INC	ABBV	55,250	$7.4M	0.63%
46	JPMORGAN CHASE & CO	VYLD	50,688	$7.4M	0.62%
47	CITIZENS FINL GROUP INC	CIA	275,383	$7.2M	0.61%
48	THE CIGNA GROUP	125523100	24,818	$7.0M	0.59%
49	PALO ALTO NETWORKS INC	PANW	26,829	$6.9M	0.58%
50	PRICE T ROWE GROUP INC	TROW	60,975	$6.8M	0.58%
51	SYSCO CORP	SYY	91,176	$6.8M	0.57%
52	VISA INC	V	28,406	$6.7M	0.57%
53	WALMART INC	WMT	42,329	$6.7M	0.56%
54	COSTCO WHSL CORP NEW	22160K105	12,037	$6.5M	0.55%
55	SPDR S&P MIDCAP 400 ETF TR	MDY	13,149	$6.3M	0.53%
56	ADOBE SYSTEMS INCORPORATED	ADBE	12,571	$6.1M	0.52%
57	US BANCORP DEL	USB-PS	184,308	$6.1M	0.52%
58	ISHARES TR	464287606	80,105	$6.0M	0.51%
59	PIMCO ETF TR	72201R866	115,176	$6.0M	0.51%
60	ISHARES TR	464288240	120,290	$5.9M	0.50%
61	TARGET CORP	TGT	44,787	$5.9M	0.50%
62	RAYTHEON TECHNOLOGIES CORP	RTX	58,209	$5.7M	0.48%
63	RIO TINTO PLC	RTNTF	88,442	$5.6M	0.48%
64	INTERNATIONAL BUSINESS MACHS	INTR	39,736	$5.3M	0.45%
65	HONEYWELL INTL INC	438516106	25,383	$5.3M	0.45%
66	INGREDION INC	INGR	49,466	$5.2M	0.44%
67	AMAZON COM INC	AMZN	40,079	$5.2M	0.44%
68	STANLEY BLACK & DECKER INC	SWK	55,197	$5.2M	0.44%
69	MCKESSON CORP	MCK	12,062	$5.2M	0.44%
70	BORGWARNER INC	BWA	104,898	$5.1M	0.43%
71	IQVIA HLDGS INC	IQV	22,548	$5.1M	0.43%
72	LOWES COS INC	548661107	22,306	$5.0M	0.43%
73	TJX COS INC NEW	872540109	59,271	$5.0M	0.43%
74	DISNEY WALT CO	254687106	55,554	$5.0M	0.42%
75	CORTEVA INC	CTVA	84,007	$4.8M	0.41%
76	NISOURCE INC	NI	172,042	$4.7M	0.40%
77	SOUTHERN CO	SOMN	66,638	$4.7M	0.40%
78	VERIZON COMMUNICATIONS INC	VZ	123,614	$4.6M	0.39%
79	3M CO	MMM	45,312	$4.5M	0.38%
80	FREEPORT-MCMORAN INC	FCX	111,577	$4.5M	0.38%
81	SCHLUMBERGER LTD	SLB	90,855	$4.5M	0.38%
82	MEDTRONIC PLC	MDT	50,107	$4.4M	0.37%
83	AMERICAN ELEC PWR CO INC	025537101	52,294	$4.4M	0.37%
84	NEXSTAR MEDIA GROUP INC	NXST	26,405	$4.4M	0.37%
85	JOHNSON CTLS INTL PLC	G51502105	62,795	$4.3M	0.36%
86	ZOETIS INC	ZTS	24,662	$4.2M	0.36%
87	ISHARES TR	464287705	39,278	$4.2M	0.36%
88	ISHARES TR	464288638	82,622	$4.2M	0.35%
89	HOME DEPOT INC	HD	13,398	$4.2M	0.35%
90	AMERICAN INTL GROUP INC	026874784	69,789	$4.0M	0.34%
91	UNION PAC CORP	UNP	18,862	$3.9M	0.33%
92	VANGUARD SCOTTSDALE FDS	92206C680	52,804	$3.7M	0.32%
93	CATERPILLAR INC	CAT	15,173	$3.7M	0.32%
94	T-MOBILE US INC	TMUSZ	26,761	$3.7M	0.31%
95	KEYCORP	493267108	394,809	$3.6M	0.31%
96	WILLIAMS SONOMA INC	WSM	27,782	$3.5M	0.29%
97	BOOKING HOLDINGS INC	BKNG	1,278	$3.5M	0.29%
98	AMERICAN EXPRESS CO	AXP	19,673	$3.4M	0.29%
99	DIGITAL RLTY TR INC	253868103	29,020	$3.3M	0.28%
100	EQUINIX INC	EQIX	4,187	$3.3M	0.28%
101	SCHWAB CHARLES CORP	SCHW-PJ	55,629	$3.2M	0.27%
102	MASTERCARD INCORPORATED	MA	7,991	$3.1M	0.27%
103	HANOVER INS GROUP INC	410867105	27,148	$3.1M	0.26%
104	VANGUARD INDEX FDS	922908751	14,732	$2.9M	0.25%
105	ULTA BEAUTY INC	ULTA	6,165	$2.9M	0.25%
106	KLA CORP	KLAC	5,979	$2.9M	0.25%
107	EOG RES INC	EOG	25,258	$2.9M	0.24%
108	ISHARES TR	464287614	10,429	$2.9M	0.24%
109	BANK AMERICA CORP	060505104	94,638	$2.7M	0.23%
110	VANGUARD INDEX FDS	922908629	12,152	$2.7M	0.23%
111	FIDELITY NATL INFORMATION SV	31620M106	48,660	$2.7M	0.23%
112	ARISTA NETWORKS INC	ANET	15,980	$2.6M	0.22%
113	WELLS FARGO CO NEW	949746101	59,054	$2.5M	0.21%
114	META PLATFORMS INC	META	8,402	$2.4M	0.20%
115	BOSTON SCIENTIFIC CORP	BSX	40,028	$2.2M	0.18%
116	THERMO FISHER SCIENTIFIC INC	TMO	4,115	$2.1M	0.18%
117	ISHARES TR	464287879	22,046	$2.1M	0.18%
118	ISHARES TR	464287473	19,062	$2.1M	0.18%
119	HOSTESS BRANDS INC	44109J106	79,476	$2.0M	0.17%
120	SYNOVUS FINL CORP	87161C501	66,492	$2.0M	0.17%
121	PIONEER NAT RES CO	723787107	9,681	$2.0M	0.17%
122	ISHARES TR	464287499	25,956	$1.9M	0.16%
123	AON PLC	AON	5,368	$1.9M	0.16%
124	TRUIST FINL CORP	89832Q109	60,371	$1.8M	0.16%
125	ZIMMER BIOMET HOLDINGS INC	ZBH	12,102	$1.8M	0.15%
126	FIFTH THIRD BANCORP	FITBM	67,175	$1.8M	0.15%
127	KRAFT HEINZ CO	KHC	49,519	$1.8M	0.15%
128	ISHARES TR	464287465	23,858	$1.7M	0.15%
129	FIRST TR VALUE LINE DIVID IN	33734H106	43,081	$1.7M	0.15%
130	WALGREENS BOOTS ALLIANCE INC	931427108	52,904	$1.5M	0.13%
131	CARRIER GLOBAL CORPORATION	CARR	27,968	$1.4M	0.12%
132	COTERRA ENERGY INC	CTRA	49,937	$1.3M	0.11%
133	VANGUARD INDEX FDS	922908769	5,586	$1.2M	0.10%
134	OTIS WORLDWIDE CORP	OTIS	13,772	$1.2M	0.10%
135	ADVANCE AUTO PARTS INC	AAP	17,277	$1.2M	0.10%
136	CUMMINS INC	CMI	4,511	$1.1M	0.09%
137	INVESCO QQQ TR	IVZ	2,960	$1.1M	0.09%
138	VANGUARD SCOTTSDALE FDS	92206C664	14,216	$1.1M	0.09%
139	ISHARES TR	464288166	9,499	$1.0M	0.09%
140	MCDONALDS CORP	MCD	3,120	$931,040	0.08%
141	DIGI INTL INC	253798102	23,350	$919,757	0.08%
142	ISHARES TR	464287440	9,292	$897,629	0.08%
143	NORFOLK SOUTHN CORP	655844108	3,919	$888,673	0.08%
144	SELECT SECTOR SPDR TR	81369Y506	10,795	$876,269	0.07%
145	FRANKLIN ELEC INC	FELE	8,040	$827,316	0.07%
146	VANGUARD INDEX FDS	922908611	4,566	$755,217	0.06%
147	ISHARES TR	464288653	6,626	$733,963	0.06%
148	ORACLE CORP	ORCL-PD	6,085	$724,604	0.06%
149	VALERO ENERGY CORP	VLO	6,071	$712,129	0.06%
150	XYLEM INC	XYL	6,176	$695,485	0.06%
151	VERTEX PHARMACEUTICALS INC	VRTX	1,946	$684,817	0.06%
152	VANGUARD INDEX FDS	922908553	8,065	$673,912	0.06%
153	BOEING CO	BA-PA	3,187	$672,967	0.06%
154	ISHARES TR	464287408	4,093	$659,718	0.06%
155	ISHARES TR	464288513	8,583	$644,326	0.05%
156	AUTOMATIC DATA PROCESSING IN	ADP	2,836	$623,215	0.05%
157	FARMERS & MERCHANTS BANCORP	FMCB	27,564	$620,466	0.05%
158	ALPHABET INC	GOOG	5,132	$614,301	0.05%
159	SELECT SECTOR SPDR TR	81369Y605	18,188	$613,112	0.05%
160	SELECT SECTOR SPDR TR	81369Y803	3,522	$612,379	0.05%
161	ECOLAB INC	ECL	3,139	$586,020	0.05%
162	TRACTOR SUPPLY CO	TSCO	2,599	$574,740	0.05%
163	EMERSON ELEC CO	EMR	6,302	$569,638	0.05%
164	VANGUARD INTL EQUITY INDEX F	922042858	13,983	$568,829	0.05%
165	DBX ETF TR	233051200	16,075	$568,573	0.05%
166	VANGUARD WORLD FDS	92204A702	1,233	$545,058	0.05%
167	AMERICAN TOWER CORP NEW	03027X100	2,802	$543,420	0.05%
168	GOLDMAN SACHS ETF TR	NVGLF	6,143	$536,284	0.05%
169	SELECT SECTOR SPDR TR	81369Y209	4,038	$535,961	0.05%
170	FASTENAL CO	FAST	9,056	$534,214	0.05%
171	ABBOTT LABS	ABLZF	4,842	$527,821	0.04%
172	HUNTINGTON INGALLS INDS INC	446413106	2,300	$523,480	0.04%
173	ACCENTURE PLC IRELAND	ACN	1,688	$520,884	0.04%
174	ISHARES TR	46432F339	3,862	$520,868	0.04%
175	VANGUARD SPECIALIZED FUNDS	921908844	3,201	$519,927	0.04%
176	VANGUARD INDEX FDS	922908538	2,498	$514,014	0.04%
177	FIRST SOLAR INC	FSLR	2,673	$508,111	0.04%
178	BECTON DICKINSON & CO	BDX	1,924	$507,956	0.04%
179	VANGUARD WORLD FDS	92204A504	2,017	$493,802	0.04%
180	EPAM SYS INC	EPAM	2,146	$482,202	0.04%
181	CONOCOPHILLIPS	COP	4,629	$479,611	0.04%
182	ISHARES TR	464287457	5,818	$471,750	0.04%
183	ISHARES TR	464287515	1,351	$467,325	0.04%
184	SNAP ON INC	SNA	1,601	$461,393	0.04%
185	ISHARES TR	464288182	6,693	$444,683	0.04%
186	NEXTERA ENERGY INC	NEE-PW	5,748	$426,502	0.04%
187	ISHARES TR	464287655	2,101	$393,455	0.03%
188	COMCAST CORP NEW	CCZ	9,433	$391,942	0.03%
189	XCEL ENERGY INC	XELLL	6,050	$376,129	0.03%
190	VANGUARD INDEX FDS	922908512	2,687	$371,828	0.03%
191	CSX CORP	CSX	10,523	$358,835	0.03%
192	ISHARES TR	464288661	3,040	$350,414	0.03%
193	VANGUARD SCOTTSDALE FDS	92206C730	1,668	$336,203	0.03%
194	STRYKER CORPORATION	SYK	1,059	$323,091	0.03%
195	SELECT SECTOR SPDR TR	81369Y704	2,969	$318,590	0.03%
196	MONDELEZ INTL INC	609207105	4,353	$317,508	0.03%
197	VANGUARD INTL EQUITY INDEX F	922042775	5,709	$310,627	0.03%
198	CHART INDS INC	16115Q308	1,893	$302,483	0.03%
199	MARATHON PETE CORP	MARA	2,586	$301,528	0.03%
200	UNITED PARCEL SERVICE INC	UPS	1,672	$299,706	0.03%
201	BLACKROCK INC	BLK	430	$297,191	0.03%
202	WASTE MGMT INC DEL	94106L109	1,700	$294,814	0.02%
203	GOLDMAN SACHS ETF TR	NVGLF	9,370	$293,750	0.02%
204	CRANE COMPANY	CR	3,159	$281,531	0.02%
205	FIRST MERCHANTS CORP	FRMEP	9,965	$281,312	0.02%
206	SELECT SECTOR SPDR TR	81369Y407	1,580	$268,381	0.02%
207	CHARTER COMMUNICATIONS INC N	16119P108	730	$267,997	0.02%
208	BP PLC	BPPFF	7,409	$261,464	0.02%
209	NIKE INC	NKE	2,358	$260,198	0.02%
210	GENERAL DYNAMICS CORP	GD	1,186	$255,168	0.02%
211	J P MORGAN EXCHANGE TRADED F	46641Q134	4,343	$248,116	0.02%
212	SELECT SECTOR SPDR TR	81369Y308	3,217	$238,624	0.02%
213	ZEBRA TECHNOLOGIES CORPORATI	ZBRA	767	$226,902	0.02%
214	NVIDIA CORPORATION	NVDA	531	$224,624	0.02%
215	ISHARES TR	464287481	2,294	$221,670	0.02%
216	ISHARES TR	464287150	2,210	$216,227	0.02%
217	VANGUARD WORLD FDS	92204A884	2,023	$215,022	0.02%
218	INVESCO ACTVELY MNGD ETC FD	IVZ	15,212	$206,960	0.02%
219	CRANE NXT CO	CXT	3,646	$205,781	0.02%
220	ADVANCED MICRO DEVICES INC	AMD	1,784	$203,216	0.02%
221	CANOPY GROWTH CORP	CGC	10,000	$3,879	0.00%