13F HOLDINGS REPORT

Goelzer Investment Management, Inc.

Quarter ended Q4 2023 · Filed November 13, 2023 · Accession 0001085146-23-004259

Total Value

$1.42B

Positions

222

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (222)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ELI LILLY & CO	LLY	648,422	$348.3M	24.51%
2	ISHARES TR	464287200	182,188	$78.2M	5.51%
3	SPDR SER TR	78464A300	797,708	$57.7M	4.06%
4	ISHARES TR	464287804	513,674	$48.5M	3.41%
5	ISHARES TR	464287507	190,914	$47.6M	3.35%
6	SCHWAB STRATEGIC TR	808524805	1,068,200	$36.3M	2.55%
7	MICROSOFT CORP	MSFT	91,203	$28.8M	2.03%
8	APPLE INC	AAPL	150,833	$25.8M	1.82%
9	EXXON MOBIL CORP	XOM	162,655	$19.1M	1.35%
10	EATON CORP PLC	ETN	77,617	$16.6M	1.17%
11	CHEVRON CORP NEW	CVX	87,827	$14.8M	1.04%
12	MERCK & CO INC	MRK	142,861	$14.7M	1.04%
13	OMEGA HEALTHCARE INVS INC	681936100	423,442	$14.0M	0.99%
14	SPDR S&P 500 ETF TR	SPY	30,870	$13.2M	0.93%
15	QUALCOMM INC	QCOM	113,969	$12.7M	0.89%
16	ALPHABET INC	GOOG	91,858	$12.1M	0.85%
17	PEPSICO INC	PEP	70,701	$12.0M	0.84%
18	LOCKHEED MARTIN CORP	LMT	29,237	$12.0M	0.84%
19	ISHARES TR	464288646	232,679	$11.6M	0.82%
20	ISHARES TR	464287432	130,172	$11.5M	0.81%
21	ISHARES TR	464287309	160,195	$11.0M	0.77%
22	AIR PRODS & CHEMS INC	AIIR	36,844	$10.4M	0.73%
23	ISHARES TR	464287598	66,283	$10.1M	0.71%
24	CISCO SYS INC	CSCO	183,816	$9.9M	0.70%
25	ISHARES TR	464288588	108,532	$9.6M	0.68%
26	GENTEX CORP	GNTX	294,344	$9.6M	0.67%
27	PRUDENTIAL FINL INC	PUKPF	98,277	$9.3M	0.66%
28	PRINCIPAL FINANCIAL GROUP IN	PFG	128,979	$9.3M	0.65%
29	JOHNSON & JOHNSON	JNJ	58,982	$9.2M	0.65%
30	CVS HEALTH CORP	CVS	125,576	$8.8M	0.62%
31	ANALOG DEVICES INC	ADI	48,907	$8.6M	0.60%
32	BROADCOM INC	AVGO	10,112	$8.4M	0.59%
33	UNITEDHEALTH GROUP INC	UNH	16,514	$8.3M	0.59%
34	BERKSHIRE HATHAWAY INC DEL	BRK-A	23,519	$8.2M	0.58%
35	BRISTOL-MYERS SQUIBB CO	CELG-RI	139,342	$8.1M	0.57%
36	ABBVIE INC	ABBV	53,786	$8.0M	0.56%
37	TE CONNECTIVITY LTD	TEL	63,359	$7.8M	0.55%
38	ENBRIDGE INC	ENNPF	230,850	$7.7M	0.54%
39	PROCTER AND GAMBLE CO	742718109	51,922	$7.6M	0.53%
40	POLARIS INC	PII	72,396	$7.5M	0.53%
41	JPMORGAN CHASE & CO	VYLD	49,677	$7.2M	0.51%
42	CITIZENS FINL GROUP INC	CIA	267,550	$7.2M	0.50%
43	GATX CORP	GATX	65,685	$7.1M	0.50%
44	COSTCO WHSL CORP NEW	22160K105	12,506	$7.1M	0.50%
45	PFIZER INC	PFE	211,571	$7.0M	0.49%
46	SMUCKER J M CO	832696405	56,686	$7.0M	0.49%
47	TRAVELERS COMPANIES INC	TRV	42,570	$7.0M	0.49%
48	THE CIGNA GROUP	125523100	24,039	$6.9M	0.48%
49	WALMART INC	WMT	41,356	$6.6M	0.47%
50	VISA INC	V	28,355	$6.5M	0.46%
51	INTERPUBLIC GROUP COS INC	INTR	225,209	$6.5M	0.45%
52	ADOBE INC	ADBE	12,650	$6.5M	0.45%
53	PALO ALTO NETWORKS INC	PANW	26,790	$6.3M	0.44%
54	PRICE T ROWE GROUP INC	TROW	59,163	$6.2M	0.44%
55	US BANCORP DEL	USB-PS	181,262	$6.0M	0.42%
56	SPDR S&P MIDCAP 400 ETF TR	MDY	12,945	$5.9M	0.42%
57	SYSCO CORP	SYY	88,703	$5.9M	0.41%
58	ISHARES TR	464287606	79,787	$5.8M	0.41%
59	ISHARES TR	464288240	119,453	$5.6M	0.40%
60	RIO TINTO PLC	RTNTF	85,179	$5.4M	0.38%
61	INTERNATIONAL BUSINESS MACHS	INTR	38,469	$5.4M	0.38%
62	SCHLUMBERGER LTD	SLB	90,534	$5.3M	0.37%
63	TJX COS INC NEW	872540109	58,406	$5.2M	0.37%
64	AMAZON COM INC	AMZN	39,955	$5.1M	0.36%
65	MCKESSON CORP	MCK	11,657	$5.1M	0.36%
66	BANK AMERICA CORP	060505104	179,374	$4.9M	0.35%
67	INGREDION INC	INGR	47,912	$4.7M	0.33%
68	TARGET CORP	TGT	41,927	$4.6M	0.33%
69	LOWES COS INC	548661107	21,919	$4.6M	0.32%
70	HONEYWELL INTL INC	438516106	24,630	$4.6M	0.32%
71	STANLEY BLACK & DECKER INC	SWK	54,330	$4.5M	0.32%
72	IQVIA HLDGS INC	IQV	22,594	$4.4M	0.31%
73	DISNEY WALT CO	254687106	54,695	$4.4M	0.31%
74	ZOETIS INC	ZTS	24,878	$4.3M	0.30%
75	WILLIAMS SONOMA INC	WSM	27,487	$4.3M	0.30%
76	BORGWARNER INC	BWA	104,146	$4.2M	0.30%
77	CORTEVA INC	CTVA	81,883	$4.2M	0.29%
78	SOUTHERN CO	SOMN	64,518	$4.2M	0.29%
79	CATERPILLAR INC	CAT	15,110	$4.1M	0.29%
80	NISOURCE INC	NI	166,608	$4.1M	0.29%
81	AMERICAN INTL GROUP INC	026874784	67,241	$4.1M	0.29%
82	FREEPORT-MCMORAN INC	FCX	108,878	$4.1M	0.29%
83	RTX CORPORATION	RTX	56,237	$4.0M	0.28%
84	ISHARES TR	464288638	83,044	$4.0M	0.28%
85	HOME DEPOT INC	HD	13,176	$4.0M	0.28%
86	ISHARES TR	464287705	39,290	$4.0M	0.28%
87	BOOKING HOLDINGS INC	BKNG	1,275	$3.9M	0.28%
88	VERIZON COMMUNICATIONS INC	VZ	119,093	$3.9M	0.27%
89	MEDTRONIC PLC	MDT	48,567	$3.8M	0.27%
90	AMERICAN ELEC PWR CO INC	025537101	50,394	$3.8M	0.27%
91	UNION PAC CORP	UNP	18,485	$3.8M	0.26%
92	T-MOBILE US INC	TMUSZ	25,894	$3.6M	0.26%
93	NEXSTAR MEDIA GROUP INC	NXST	24,985	$3.6M	0.25%
94	ULTA BEAUTY INC	ULTA	8,938	$3.6M	0.25%
95	DIGITAL RLTY TR INC	253868103	28,283	$3.4M	0.24%
96	FIFTH THIRD BANCORP	FITBM	133,515	$3.4M	0.24%
97	VANGUARD SCOTTSDALE FDS	92206C680	48,664	$3.3M	0.23%
98	JOHNSON CTLS INTL PLC	G51502105	62,371	$3.3M	0.23%
99	MASTERCARD INCORPORATED	MA	7,999	$3.2M	0.22%
100	EOG RES INC	EOG	24,412	$3.1M	0.22%
101	EQUINIX INC	EQIX	4,164	$3.0M	0.21%
102	SCHWAB CHARLES CORP	SCHW-PJ	54,315	$3.0M	0.21%
103	ARISTA NETWORKS INC	ANET	15,961	$2.9M	0.21%
104	HANOVER INS GROUP INC	410867105	26,333	$2.9M	0.21%
105	AMERICAN EXPRESS CO	AXP	19,408	$2.9M	0.20%
106	VANGUARD INDEX FDS	922908751	14,980	$2.8M	0.20%
107	ISHARES TR	464287614	10,073	$2.7M	0.19%
108	VANGUARD INDEX FDS	922908629	12,662	$2.6M	0.19%
109	KLA CORP	KLAC	5,638	$2.6M	0.18%
110	META PLATFORMS INC	META	8,572	$2.6M	0.18%
111	FIDELITY NATL INFORMATION SV	31620M106	46,479	$2.6M	0.18%
112	HOSTESS BRANDS INC	44109J106	71,861	$2.4M	0.17%
113	WELLS FARGO CO NEW	949746101	57,161	$2.3M	0.16%
114	BAXTER INTL INC	071813109	59,711	$2.3M	0.16%
115	BOSTON SCIENTIFIC CORP	BSX	39,916	$2.1M	0.15%
116	THERMO FISHER SCIENTIFIC INC	TMO	4,059	$2.1M	0.14%
117	CROWDSTRIKE HLDGS INC	CRWD	12,186	$2.0M	0.14%
118	ISHARES TR	464287879	21,921	$2.0M	0.14%
119	ISHARES TR	464287473	18,633	$1.9M	0.14%
120	SYNOVUS FINL CORP	87161C501	66,406	$1.8M	0.13%
121	ISHARES TR	464287499	25,873	$1.8M	0.13%
122	AON PLC	AON	5,321	$1.7M	0.12%
123	TRUIST FINL CORP	89832Q109	60,255	$1.7M	0.12%
124	ISHARES TR	464287465	24,330	$1.7M	0.12%
125	ACCENTURE PLC IRELAND	ACN	5,400	$1.7M	0.12%
126	KRAFT HEINZ CO	KHC	45,724	$1.5M	0.11%
127	CARRIER GLOBAL CORPORATION	CARR	27,700	$1.5M	0.11%
128	FIRST TR VALUE LINE DIVID IN	33734H106	38,996	$1.5M	0.10%
129	PIONEER NAT RES CO	723787107	6,008	$1.4M	0.10%
130	COTERRA ENERGY INC	CTRA	49,209	$1.3M	0.09%
131	ZIMMER BIOMET HOLDINGS INC	ZBH	11,458	$1.3M	0.09%
132	WALGREENS BOOTS ALLIANCE INC	931427108	51,190	$1.1M	0.08%
133	VANGUARD INDEX FDS	922908769	5,177	$1.1M	0.08%
134	OTIS WORLDWIDE CORP	OTIS	13,638	$1.1M	0.08%
135	INVESCO QQQ TR	IVZ	2,960	$1.1M	0.07%
136	CUMMINS INC	CMI	4,640	$1.1M	0.07%
137	ISHARES TR	464287440	11,067	$1.0M	0.07%
138	PIMCO ETF TR	72201R866	19,009	$951,781	0.07%
139	ISHARES TR	464288166	8,739	$924,594	0.07%
140	ADVANCE AUTO PARTS INC	AAP	16,417	$918,175	0.06%
141	VANGUARD BD INDEX FDS	921937835	13,127	$916,003	0.06%
142	SELECT SECTOR SPDR TR	81369Y506	9,700	$876,818	0.06%
143	ALPHABET INC	GOOG	6,582	$861,321	0.06%
144	VALERO ENERGY CORP	VLO	6,071	$860,322	0.06%
145	MCDONALDS CORP	MCD	3,120	$821,933	0.06%
146	NORFOLK SOUTHN CORP	655844108	3,919	$771,769	0.05%
147	VERTEX PHARMACEUTICALS INC	VRTX	2,115	$735,471	0.05%
148	VANGUARD INDEX FDS	922908611	4,566	$728,232	0.05%
149	FRANKLIN ELEC INC	FELE	8,040	$717,410	0.05%
150	AUTOMATIC DATA PROCESSING IN	ADP	2,821	$678,556	0.05%
151	ORACLE CORP	ORCL-PD	5,992	$634,673	0.04%
152	DIGI INTL INC	253798102	23,350	$630,450	0.04%
153	XYLEM INC	XYL	6,751	$614,544	0.04%
154	VANGUARD INDEX FDS	922908553	8,074	$610,867	0.04%
155	ISHARES TR	464287408	3,964	$609,790	0.04%
156	EMERSON ELEC CO	EMR	6,302	$608,585	0.04%
157	BOEING CO	BA-PA	3,152	$604,176	0.04%
158	ECOLAB INC	ECL	3,500	$592,900	0.04%
159	SELECT SECTOR SPDR TR	81369Y605	17,460	$579,133	0.04%
160	DBX ETF TR	233051200	16,075	$561,018	0.04%
161	FASTENAL CO	FAST	10,222	$558,531	0.04%
162	EPAM SYS INC	EPAM	2,160	$552,291	0.04%
163	BECTON DICKINSON & CO	BDX	2,131	$550,928	0.04%
164	VANGUARD INTL EQUITY INDEX F	922042858	13,983	$548,274	0.04%
165	COCA COLA CO	KO	9,512	$532,482	0.04%
166	TRACTOR SUPPLY CO	TSCO	2,599	$527,820	0.04%
167	GOLDMAN SACHS ETF TR	NVGLF	6,143	$517,425	0.04%
168	ISHARES TR	46432F339	3,862	$508,973	0.04%
169	NVIDIA CORPORATION	NVDA	1,143	$497,194	0.03%
170	AMERICAN TOWER CORP NEW	03027X100	2,990	$491,706	0.03%
171	VANGUARD INDEX FDS	922908538	2,481	$483,225	0.03%
172	FARMERS & MERCHANTS BANCORP	FMCB	27,564	$483,197	0.03%
173	SELECT SECTOR SPDR TR	81369Y209	3,702	$476,641	0.03%
174	VANGUARD WORLD FDS	92204A504	2,017	$474,197	0.03%
175	COMCAST CORP NEW	CCZ	10,579	$469,073	0.03%
176	VANGUARD WORLD FDS	92204A702	1,130	$468,813	0.03%
177	ABBOTT LABS	ABLZF	4,800	$464,880	0.03%
178	ISHARES TR	464287515	1,351	$461,043	0.03%
179	SELECT SECTOR SPDR TR	81369Y803	2,792	$457,713	0.03%
180	FIRST SOLAR INC	FSLR	2,673	$431,931	0.03%
181	ISHARES TR	464288182	6,693	$425,006	0.03%
182	3M CO	MMM	4,476	$419,044	0.03%
183	CONOCOPHILLIPS	COP	3,417	$409,357	0.03%
184	HUNTINGTON INGALLS INDS INC	446413106	2,000	$409,160	0.03%
185	ISHARES TR	464287457	5,046	$408,585	0.03%
186	SNAP ON INC	SNA	1,601	$408,352	0.03%
187	VANGUARD INDEX FDS	922908363	991	$389,208	0.03%
188	ISHARES TR	464287655	2,101	$371,331	0.03%
189	MARATHON PETE CORP	MARA	2,304	$348,688	0.02%
190	XCEL ENERGY INC	XELLL	6,050	$346,181	0.02%
191	VANGUARD SCOTTSDALE FDS	92206C771	7,896	$345,687	0.02%
192	BP PLC	BPPFF	8,909	$344,957	0.02%
193	NEXTERA ENERGY INC	NEE-PW	6,016	$344,657	0.02%
194	SELECT SECTOR SPDR TR	81369Y704	3,206	$324,994	0.02%
195	CSX CORP	CSX	10,523	$323,583	0.02%
196	CHART INDS INC	16115Q308	1,893	$320,145	0.02%
197	VANGUARD INDEX FDS	922908512	2,371	$310,507	0.02%
198	VANGUARD INTL EQUITY INDEX F	922042775	5,709	$296,126	0.02%
199	VANGUARD SCOTTSDALE FDS	92206C870	3,880	$294,839	0.02%
200	VANGUARD SCOTTSDALE FDS	92206C730	1,491	$290,239	0.02%
201	STRYKER CORPORATION	SYK	1,059	$289,393	0.02%
202	GOLDMAN SACHS ETF TR	NVGLF	9,370	$281,382	0.02%
203	VANGUARD WORLD FDS	92204A884	2,642	$277,861	0.02%
204	FIRST MERCHANTS CORP	FRMEP	9,965	$277,227	0.02%
205	SELECT SECTOR SPDR TR	81369Y407	1,713	$275,780	0.02%
206	BLACKROCK INC	BLK	413	$267,001	0.02%
207	MONDELEZ INTL INC	609207105	3,705	$257,127	0.02%
208	GENERAL DYNAMICS CORP	GD	1,161	$256,547	0.02%
209	CRANE COMPANY	CR	2,845	$252,750	0.02%
210	CHARTER COMMUNICATIONS INC N	16119P108	565	$248,499	0.02%
211	WASTE MGMT INC DEL	94106L109	1,600	$243,904	0.02%
212	J P MORGAN EXCHANGE TRADED F	46641Q134	4,343	$236,129	0.02%
213	SELECT SECTOR SPDR TR	81369Y308	3,374	$232,144	0.02%
214	NIKE INC	NKE	2,235	$213,711	0.02%
215	ISHARES TR	464288653	2,157	$212,400	0.01%
216	ISHARES TR	464287481	2,294	$209,557	0.01%
217	GLOBAL PMTS INC	37940X102	1,812	$209,087	0.01%
218	ISHARES TR	464287150	2,210	$208,160	0.01%
219	CRANE NXT CO	CXT	3,646	$202,609	0.01%
220	DIAGEO PLC	DGEAF	1,350	$201,393	0.01%
221	UNITED PARCEL SERVICE INC	UPS	1,287	$200,605	0.01%
222	INVESCO ACTVELY MNGD ETC FD	IVZ	12,759	$190,748	0.01%