13F HOLDINGS REPORT

Goelzer Investment Management, Inc.

Quarter ended Q1 2024 · Filed May 2, 2024 · Accession 0001085146-24-002165

Total Value

$1.77B

Positions

239

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (239)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ELI LILLY & CO	LLY	583,401	$453.9M	25.71%
2	ISHARES TR	464287200	203,589	$107.0M	6.06%
3	ISHARES TR	464287507	1,135,932	$69.0M	3.91%
4	ISHARES TR	464287804	611,404	$67.6M	3.83%
5	SPDR SER TR	78464A300	812,795	$67.4M	3.82%
6	SCHWAB STRATEGIC TR	808524805	1,035,106	$40.4M	2.29%
7	MICROSOFT CORP	MSFT	91,617	$38.5M	2.18%
8	APPLE INC	AAPL	158,699	$27.2M	1.54%
9	EATON CORP PLC	ETN	61,129	$19.1M	1.08%
10	QUALCOMM INC	QCOM	111,290	$18.8M	1.07%
11	EXXON MOBIL CORP	XOM	161,222	$18.7M	1.06%
12	MERCK & CO INC	MRK	137,195	$18.1M	1.03%
13	ISHARES TR	464288653	156,910	$16.5M	0.93%
14	SPDR S&P 500 ETF TR	SPY	27,495	$14.4M	0.81%
15	PEPSICO INC	PEP	81,286	$14.2M	0.81%
16	ISHARES TR	464288588	153,511	$14.2M	0.80%
17	CHEVRON CORP NEW	CVX	87,613	$13.8M	0.78%
18	LOCKHEED MARTIN CORP	LMT	29,844	$13.6M	0.77%
19	ALPHABET INC	GOOG	88,923	$13.5M	0.77%
20	PIMCO ETF TR	72201R866	249,549	$13.1M	0.74%
21	ISHARES TR	464288646	248,963	$12.8M	0.72%
22	OMEGA HEALTHCARE INVS INC	681936100	367,772	$11.6M	0.66%
23	BROADCOM INC	AVGO	8,622	$11.4M	0.65%
24	ISHARES TR	464287598	63,300	$11.3M	0.64%
25	US BANCORP DEL	USB-PS	252,046	$11.3M	0.64%
26	PRINCIPAL FINANCIAL GROUP IN	PFG	126,985	$11.0M	0.62%
27	JPMORGAN CHASE & CO	VYLD	53,526	$10.7M	0.61%
28	GENTEX CORP	GNTX	289,683	$10.5M	0.59%
29	ANALOG DEVICES INC	ADI	49,880	$9.9M	0.56%
30	ABBVIE INC	ABBV	53,912	$9.8M	0.56%
31	BERKSHIRE HATHAWAY INC DEL	BRK-A	22,685	$9.5M	0.54%
32	JOHNSON & JOHNSON	JNJ	60,114	$9.5M	0.54%
33	TRAVELERS COMPANIES INC	TRV	40,201	$9.3M	0.52%
34	TE CONNECTIVITY LTD	TEL	62,900	$9.1M	0.52%
35	UNITEDHEALTH GROUP INC	UNH	18,318	$9.1M	0.51%
36	AIR PRODS & CHEMS INC	AIIR	37,176	$9.0M	0.51%
37	NISOURCE INC	NI	322,084	$8.9M	0.50%
38	CISCO SYS INC	CSCO	175,271	$8.7M	0.50%
39	AMAZON COM INC	AMZN	48,336	$8.7M	0.49%
40	GATX CORP	GATX	64,451	$8.6M	0.49%
41	ISHARES TR	464287309	97,580	$8.2M	0.47%
42	PRUDENTIAL FINL INC	PUKPF	69,660	$8.2M	0.46%
43	ENBRIDGE INC	ENNPF	224,099	$8.1M	0.46%
44	WILLIAMS SONOMA INC	WSM	25,400	$8.1M	0.46%
45	VERIZON COMMUNICATIONS INC	VZ	191,303	$8.0M	0.45%
46	COSTCO WHSL CORP NEW	22160K105	10,928	$8.0M	0.45%
47	CITIZENS FINL GROUP INC	CIA	212,917	$7.7M	0.44%
48	WALMART INC	WMT	123,895	$7.5M	0.42%
49	VISA INC	V	26,686	$7.4M	0.42%
50	BRISTOL-MYERS SQUIBB CO	CELG-RI	137,332	$7.4M	0.42%
51	TARGET CORP	TGT	41,831	$7.4M	0.42%
52	SMUCKER J M CO	832696405	57,881	$7.3M	0.41%
53	PROCTER AND GAMBLE CO	742718109	44,824	$7.3M	0.41%
54	INTERPUBLIC GROUP COS INC	INTR	222,408	$7.3M	0.41%
55	INTERNATIONAL BUSINESS MACHS	INTR	37,886	$7.2M	0.41%
56	ISHARES TR	464287606	79,246	$7.2M	0.41%
57	SYSCO CORP	SYY	86,862	$7.1M	0.40%
58	PRICE T ROWE GROUP INC	TROW	57,546	$7.0M	0.40%
59	BANK AMERICA CORP	060505104	184,787	$7.0M	0.40%
60	AMERICAN ELEC PWR CO INC	025537101	81,083	$7.0M	0.40%
61	SPDR S&P MIDCAP 400 ETF TR	MDY	12,462	$6.9M	0.39%
62	CVS HEALTH CORP	CVS	85,971	$6.9M	0.39%
63	ISHARES TR	464287614	20,174	$6.8M	0.39%
64	PALO ALTO NETWORKS INC	PANW	23,787	$6.8M	0.38%
65	MEDTRONIC PLC	MDT	74,832	$6.5M	0.37%
66	NVIDIA CORPORATION	NVDA	7,194	$6.5M	0.37%
67	MCKESSON CORP	MCK	11,716	$6.3M	0.36%
68	THE CIGNA GROUP	125523100	17,298	$6.3M	0.36%
69	ISHARES TR	464288240	117,089	$6.3M	0.35%
70	ADOBE INC	ADBE	12,242	$6.2M	0.35%
71	LOWES COS INC	548661107	24,068	$6.1M	0.35%
72	CATERPILLAR INC	CAT	15,402	$5.6M	0.32%
73	PFIZER INC	PFE	199,696	$5.5M	0.31%
74	INGREDION INC	INGR	46,554	$5.4M	0.31%
75	TJX COS INC NEW	872540109	53,541	$5.4M	0.31%
76	RIO TINTO PLC	RTNTF	83,360	$5.3M	0.30%
77	STANLEY BLACK & DECKER INC	SWK	53,476	$5.2M	0.30%
78	IQVIA HLDGS INC	IQV	20,549	$5.2M	0.29%
79	HOME DEPOT INC	HD	12,867	$4.9M	0.28%
80	ULTA BEAUTY INC	ULTA	9,297	$4.9M	0.28%
81	HONEYWELL INTL INC	438516106	23,539	$4.8M	0.27%
82	FREEPORT-MCMORAN INC	FCX	102,340	$4.8M	0.27%
83	ISHARES TR	464288638	92,388	$4.8M	0.27%
84	SCHLUMBERGER LTD	SLB	86,776	$4.8M	0.27%
85	RTX CORPORATION	RTX	48,481	$4.7M	0.27%
86	BOOKING HOLDINGS INC	BKNG	1,301	$4.7M	0.27%
87	SOUTHERN CO	SOMN	63,863	$4.6M	0.26%
88	BAXTER INTL INC	071813109	105,148	$4.5M	0.25%
89	UNION PAC CORP	UNP	18,218	$4.5M	0.25%
90	ARISTA NETWORKS INC	ANET	15,425	$4.5M	0.25%
91	ISHARES TR	464287705	37,811	$4.5M	0.25%
92	FIFTH THIRD BANCORP	FITBM	119,249	$4.4M	0.25%
93	CORTEVA INC	CTVA	75,982	$4.4M	0.25%
94	META PLATFORMS INC	META	8,736	$4.2M	0.24%
95	NEXSTAR MEDIA GROUP INC	NXST	24,561	$4.2M	0.24%
96	DISNEY WALT CO	254687106	34,501	$4.2M	0.24%
97	ASTRAZENECA PLC	AZN	62,293	$4.2M	0.24%
98	ZOETIS INC	ZTS	24,741	$4.2M	0.24%
99	STARBUCKS CORP	SBUX	44,733	$4.1M	0.23%
100	POLARIS INC	PII	39,792	$4.0M	0.23%
101	MASTERCARD INCORPORATED	MA	8,122	$3.9M	0.22%
102	KLA CORP	KLAC	5,434	$3.8M	0.22%
103	JOHNSON CTLS INTL PLC	G51502105	57,548	$3.8M	0.21%
104	AMERICAN EXPRESS CO	AXP	15,720	$3.6M	0.20%
105	HANOVER INS GROUP INC	410867105	25,728	$3.5M	0.20%
106	BORGWARNER INC	BWA	100,281	$3.5M	0.20%
107	SCHWAB CHARLES CORP	SCHW-PJ	46,862	$3.4M	0.19%
108	EQUINIX INC	EQIX	4,084	$3.4M	0.19%
109	FIDELITY NATL INFORMATION SV	31620M106	43,258	$3.2M	0.18%
110	VANGUARD INDEX FDS	922908751	13,826	$3.2M	0.18%
111	EOG RES INC	EOG	24,193	$3.1M	0.18%
112	VANGUARD INDEX FDS	922908629	12,125	$3.0M	0.17%
113	WELLS FARGO CO NEW	949746101	51,498	$3.0M	0.17%
114	NEXTERA ENERGY INC	NEE-PW	46,095	$2.9M	0.17%
115	BOSTON SCIENTIFIC CORP	BSX	41,590	$2.8M	0.16%
116	ACCENTURE PLC IRELAND	ACN	8,136	$2.8M	0.16%
117	AMERICAN INTL GROUP INC	026874784	34,383	$2.7M	0.15%
118	CROWDSTRIKE HLDGS INC	CRWD	8,319	$2.7M	0.15%
119	FIRST SOLAR INC	FSLR	15,501	$2.6M	0.15%
120	T-MOBILE US INC	TMUSZ	15,561	$2.5M	0.14%
121	INTUITIVE SURGICAL INC	ISRG	6,207	$2.5M	0.14%
122	APOLLO GLOBAL MGMT INC	03769M106	21,050	$2.4M	0.13%
123	ISHARES TR	464287473	18,501	$2.3M	0.13%
124	THERMO FISHER SCIENTIFIC INC	TMO	3,865	$2.2M	0.13%
125	ISHARES TR	464287499	25,873	$2.2M	0.12%
126	ISHARES TR	464287879	20,893	$2.1M	0.12%
127	TESLA INC	TSLA	11,718	$2.1M	0.12%
128	VANGUARD SCOTTSDALE FDS	92206C680	23,124	$2.0M	0.11%
129	INVESCO QQQ TR	IVZ	4,247	$1.9M	0.11%
130	ISHARES TR	464287465	22,609	$1.8M	0.10%
131	CARRIER GLOBAL CORPORATION	CARR	27,611	$1.6M	0.09%
132	PIONEER NAT RES CO	723787107	5,961	$1.6M	0.09%
133	ISHARES TR	464287432	14,891	$1.4M	0.08%
134	COTERRA ENERGY INC	CTRA	48,519	$1.4M	0.08%
135	OTIS WORLDWIDE CORP	OTIS	13,583	$1.3M	0.08%
136	VANGUARD INDEX FDS	922908769	4,924	$1.3M	0.07%
137	AUTOMATIC DATA PROCESSING IN	ADP	4,962	$1.2M	0.07%
138	NORFOLK SOUTHN CORP	655844108	4,507	$1.1M	0.07%
139	CUMMINS INC	CMI	3,802	$1.1M	0.06%
140	MCDONALDS CORP	MCD	3,685	$1.0M	0.06%
141	ZIMMER BIOMET HOLDINGS INC	ZBH	7,582	$1.0M	0.06%
142	SELECT SECTOR SPDR TR	81369Y506	10,103	$953,798	0.05%
143	ISHARES TR	464288166	8,756	$946,086	0.05%
144	ALPHABET INC	GOOG	6,266	$945,728	0.05%
145	ORACLE CORP	ORCL-PD	7,492	$941,071	0.05%
146	VANGUARD INDEX FDS	922908611	4,887	$937,718	0.05%
147	VALERO ENERGY CORP	VLO	5,349	$913,021	0.05%
148	VANGUARD BD INDEX FDS	921937835	12,133	$881,220	0.05%
149	EMERSON ELEC CO	EMR	7,681	$871,180	0.05%
150	FRANKLIN ELEC INC	FELE	8,040	$858,753	0.05%
151	ABBOTT LABS	ABLZF	7,472	$849,268	0.05%
152	GOLDMAN SACHS ETF TR	NVGLF	7,790	$808,525	0.05%
153	VANGUARD WORLD FD	92204A702	1,522	$797,993	0.05%
154	VERTEX PHARMACEUTICALS INC	VRTX	1,884	$787,531	0.04%
155	DIGITAL RLTY TR INC	253868103	5,179	$745,984	0.04%
156	DIGI INTL INC	253798102	23,350	$745,566	0.04%
157	VANGUARD INTL EQUITY INDEX F	922042858	17,208	$718,779	0.04%
158	KRAFT HEINZ CO	KHC	19,250	$710,325	0.04%
159	ISHARES TR	46432F339	4,297	$706,212	0.04%
160	XYLEM INC	XYL	5,318	$687,299	0.04%
161	TRACTOR SUPPLY CO	TSCO	2,547	$666,720	0.04%
162	FASTENAL CO	FAST	8,418	$649,365	0.04%
163	ISHARES TR	464287440	6,833	$646,810	0.04%
164	DBX ETF TR	233051200	15,774	$645,630	0.04%
165	AMERICAN TOWER CORP NEW	03027X100	3,225	$637,228	0.04%
166	MARATHON PETE CORP	MARA	3,104	$625,456	0.04%
167	FARMERS & MERCHANTS BANCORP	FMCB	27,564	$614,402	0.03%
168	VANGUARD INDEX FDS	922908538	2,596	$612,111	0.03%
169	BOEING CO	BA-PA	3,148	$607,533	0.03%
170	SELECT SECTOR SPDR TR	81369Y605	14,363	$604,984	0.03%
171	SELECT SECTOR SPDR TR	81369Y803	2,898	$603,503	0.03%
172	COCA COLA CO	KO	9,659	$590,938	0.03%
173	HUNTINGTON INGALLS INDS INC	446413106	2,000	$582,940	0.03%
174	SELECT SECTOR SPDR TR	81369Y209	3,943	$582,503	0.03%
175	ISHARES TR	464287515	6,755	$575,999	0.03%
176	ISHARES TR	464287408	2,967	$554,313	0.03%
177	ISHARES TR	464287655	2,568	$540,051	0.03%
178	COMCAST CORP NEW	CCZ	12,416	$538,234	0.03%
179	ECOLAB INC	ECL	2,284	$527,376	0.03%
180	WASTE MGMT INC DEL	94106L109	2,466	$525,628	0.03%
181	GENERAL DYNAMICS CORP	GD	1,838	$519,217	0.03%
182	AON PLC	AON	1,486	$495,908	0.03%
183	VANGUARD WORLD FD	92204A504	1,817	$491,535	0.03%
184	VANGUARD INDEX FDS	922908553	5,666	$489,996	0.03%
185	ISHARES TR	464287150	4,198	$484,030	0.03%
186	SNAP ON INC	SNA	1,601	$474,249	0.03%
187	VANGUARD INDEX FDS	922908363	983	$472,428	0.03%
188	3M CO	MMM	4,350	$461,405	0.03%
189	VANGUARD SCOTTSDALE FDS	92206C870	5,680	$457,297	0.03%
190	ISHARES TR	464288182	6,693	$453,451	0.03%
191	BLACKROCK INC	BLK	534	$445,196	0.03%
192	GOLDMAN SACHS ETF TR	NVGLF	12,689	$435,106	0.02%
193	EPAM SYS INC	EPAM	1,526	$421,421	0.02%
194	CONOCOPHILLIPS	COP	3,252	$413,915	0.02%
195	PHILLIPS 66	PSX	2,505	$409,167	0.02%
196	SELECT SECTOR SPDR TR	81369Y407	2,204	$405,222	0.02%
197	VANGUARD WHITEHALL FDS	921946406	3,285	$397,453	0.02%
198	LAKELAND FINL CORP	511656100	5,940	$393,941	0.02%
199	CSX CORP	CSX	10,523	$390,088	0.02%
200	AMGEN INC	AMGN	1,322	$375,872	0.02%
201	SELECT SECTOR SPDR TR	81369Y704	2,965	$373,471	0.02%
202	VANGUARD INDEX FDS	922908512	2,362	$368,260	0.02%
203	STRYKER CORPORATION	SYK	1,012	$362,165	0.02%
204	VANGUARD SCOTTSDALE FDS	92206C771	7,896	$360,137	0.02%
205	NIKE INC	NKE	3,808	$357,876	0.02%
206	ELEVANCE HEALTH INC	ELV	682	$353,645	0.02%
207	CHART INDS INC	16115Q308	2,129	$350,689	0.02%
208	VANGUARD SPECIALIZED FUNDS	921908844	1,890	$345,086	0.02%
209	CRANE COMPANY	CR	2,525	$341,204	0.02%
210	BP PLC	BPPFF	8,909	$335,692	0.02%
211	VANGUARD INTL EQUITY INDEX F	922042775	5,709	$334,833	0.02%
212	ILLINOIS TOOL WKS INC	452308109	1,240	$332,730	0.02%
213	VANGUARD SCOTTSDALE FDS	92206C730	1,389	$331,027	0.02%
214	COLGATE PALMOLIVE CO	CL	3,652	$328,863	0.02%
215	XCEL ENERGY INC	XELLL	6,050	$325,188	0.02%
216	ADVANCED MICRO DEVICES INC	AMD	1,792	$323,439	0.02%
217	LINDE PLC	LIN	690	$320,381	0.02%
218	CHUBB LIMITED	CB	1,232	$319,249	0.02%
219	AFLAC INC	AFL	3,663	$314,506	0.02%
220	ISHARES TR	46432F842	4,168	$309,349	0.02%
221	BECTON DICKINSON & CO	BDX	1,239	$306,591	0.02%
222	DICKS SPORTING GOODS INC	253393102	1,330	$299,064	0.02%
223	VANGUARD WORLD FD	92204A884	2,253	$295,670	0.02%
224	ISHARES TR	464287457	3,406	$278,543	0.02%
225	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,000	$272,100	0.02%
226	J P MORGAN EXCHANGE TRADED F	46641Q134	4,343	$271,959	0.02%
227	ISHARES TR	464287481	2,277	$259,897	0.01%
228	SELECT SECTOR SPDR TR	81369Y308	3,334	$254,606	0.01%
229	SPDR SER TR	78468R739	5,152	$244,411	0.01%
230	FIRST MERCHANTS CORP	FRMEP	6,765	$236,099	0.01%
231	CELANESE CORP DEL	CE	1,240	$213,107	0.01%
232	LAM RESEARCH CORP	LRCX	219	$212,774	0.01%
233	GLOBAL PMTS INC	37940X102	1,556	$207,975	0.01%
234	CRANE NXT CO	CXT	3,326	$205,880	0.01%
235	VANGUARD INDEX FDS	922908736	598	$205,832	0.01%
236	INTEL CORP	INTC	4,630	$204,508	0.01%
237	PAYCHEX INC	PAYX	1,630	$200,164	0.01%
238	SYNOVUS FINL CORP	87161C501	4,996	$200,140	0.01%
239	MONDELEZ INTL INC	609207105	2,859	$200,130	0.01%