Goelzer Investment Management, Inc.

CIK

1550057

Location

CARMEL, IN

Portfolio Value

Mid $1,621,772,885

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,459 / 8,517 ▼ 9

Top Industry

Drug Manufacturers - General 44.4%

3Y Alpha vs SPY

+14.5%

Period ended 46 days ago

Filed Jul 15, 2026 · 31d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+144.4%

SPY

+75.3%

Annualised alpha

+14.1%

Max drawdown

−17.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

220 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

39.8%

+5.9 pts

Top 5

48.7%

+5.5 pts

Top 10

55.0%

+4.6 pts

HHI

1,631

Moderately concentrated+426

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	46.1%	$747,251,320	27
Technology	16.4%	$265,523,075	35
Financial Services	10.3%	$166,460,582	37
Industrials	7.4%	$120,777,997	42
Energy	4.1%	$65,762,671	15
Consumer Cyclical	4.0%	$64,246,417	19
Consumer Defensive	3.7%	$60,142,769	12
Utilities	2.5%	$39,836,851	10
Communication Services	2.0%	$31,996,175	8
Basic Materials	1.5%	$23,822,280	8
Unclassified	1.2%	$18,839,131	3
Real Estate	1.1%	$17,113,617	4

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
KLAC	Kla Corp	+31,472	35,384	$10,675,706
BWA	Borgwarner Inc	+22,981	30,216	$2,006,342
PM	Philip Morris International Inc.	+16,666	19,799	$3,581,837
BKNG	Booking Holdings Inc.	+14,949	16,143	$2,877,328
AVGO	Broadcom Inc.	+8,980	119,112	$44,994,558
RTX	RTX Corp	+8,840	56,585	$10,735,872
JPM	Jpmorgan Chase & Co	+6,599	74,845	$24,499,013
MSI	Motorola Solutions, Inc.	+301	3,946	$1,638,734
EMR	Emerson Electric Co	+231	6,002	$859,186
GE	General Electric Co	+209	1,237	$462,304
ORCL	Oracle Corp	+202	8,152	$1,194,675
AMD	Advanced Micro Devices Inc	+169	2,192	$1,273,354
DKS	Dick's Sporting Goods, Inc.	+143	1,239	$281,017
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+125	2,567	$1,225,922
MPC	Marathon Petroleum Corp	+118	8,952	$2,288,757
GS	Goldman Sachs Group Inc	+95	819	$828,312
ISRG	Intuitive Surgical Inc	+81	601	$239,005
BSX	Boston Scientific Corp	+36	12,691	$541,651
ATO	Atmos Energy Corp	+5	6,742	$1,161,444
ULTA	Ulta Beauty, Inc.	+2	862	$388,744
CMI	Cummins Inc	+2	3,386	$2,414,929
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MBX	MBX Biosciences, Inc.	−160,172	4,000	$220,800
FMAO	Farmers & Merchants Bancorp Inc	−105,000	223,604	$6,837,810
GOOGL	Alphabet Inc.	−91,073	12,939	$4,624,010
OHI	Omega Healthcare Investors Inc	−88,418	254,182	$12,119,397
TROW	Price T Rowe Group Inc	−45,519	6,500	$738,985
OMC	Omnicom Group Inc.	−38,049	31,002	$2,257,875
GATX	Gatx Corp	−20,536	5,674	$1,005,376
WMT	Walmart Inc.	−20,435	83,861	$9,498,096
BAC	Bank Of America Corp /De/	−14,582	221,564	$12,624,716
ANET	Arista Networks, Inc.	−14,396	25,815	$4,385,452
HON	Honeywell International Inc	−13,181	11,833	$2,649,408
PFE	Pfizer Inc	−10,325	170,730	$4,111,178
FITB	Fifth Third Bancorp	−9,479	93,176	$5,252,331
AMZN	Amazon Com Inc	−9,409	44,452	$10,594,689
NI	Nisource Inc.	−8,827	236,722	$11,256,131
USB	US Bancorp De	−8,664	196,550	$11,871,620
GNTX	Gentex Corp	−7,522	231,523	$5,850,586
GLW	Corning Inc /Ny	−7,510	25,488	$6,510,399
AAPL	Apple Inc.	−7,254	154,703	$44,764,860
ENB	Enbridge Inc	−7,230	161,878	$8,775,406
BMY	Bristol Myers Squibb Co	−5,835	150,829	$8,690,766
DIS	Walt Disney Co	−5,666	26,913	$2,590,376
VZ	Verizon Communications Inc	−5,135	185,390	$7,849,412
NVDA	Nvidia Corp	−5,114	118,649	$23,740,478
CSCO	Cisco Systems, Inc.	−4,945	123,289	$14,481,525
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
BKR	Baker Hughes Co	53,891	$2,990,950
HONA	Honeywell Aerospace Inc.	11,788	$2,602,790
DXCM	Dexcom Inc	23,423	$1,577,539
EBAY	Ebay Inc	13,451	$1,503,149
EME	EMCOR Group, Inc.	1,517	$1,258,927
DVN	Devon Energy Corp/De	30,063	$1,242,203
MU	Micron Technology Inc	1,062	$1,225,855
INTC	Intel Corp	3,850	$537,575
FDXF	FedEx Freight Holding Company, Inc.	3,498	$528,198
NUW	Nuveen AMT-Free Municipal Value Fund	35,805	$514,875
VGNT	Versigent PLC	9,222	$387,416
AMAT	Applied Materials Inc /De	450	$325,350
STX	Seagate Technology Holdings plc	296	$285,640
BX	Blackstone Inc.	2,413	$283,937
TXN	Texas Instruments Inc	952	$283,762
Q	Qnity Electronics, Inc.	1,696	$276,973
HPE	Hewlett Packard Enterprise Co	5,954	$268,584
GEV	GE Vernova Inc.	228	$267,868
JBL	Jabil Inc	669	$257,886
GWW	W.W. Grainger, Inc.	176	$239,430
FIX	Comfort Systems USA Inc	112	$221,978
No positions match the current search.

Sold Out

Positions the filer fully exited

19 positions

Ticker	Company	Shares	Value
VB	Vanguard Morningstar Small-Cap ETF	9,464	$2,478,810
VEEV	Veeva Systems Inc	5,978	$1,050,095
ZTS	Zoetis Inc.	6,296	$744,250
AAXJ	iShares MSCI All Country Asia ex Japan ETF	6,693	$644,468
GLD	Spdr Gold Trust	793	$341,219
VEU	Vanguard FTSE All-World Ex-US ETF	4,451	$334,270
ADBE	Adobe Inc.	1,324	$321,837
SHEL	Shell plc	2,932	$272,676
LNC	Lincoln National Corp	7,600	$269,800
CWI	State Street SPDR MSCI ACWI ex-US ETF	6,965	$254,849
VXUS	Vanguard Total International Stock ETF	3,290	$253,691
DUK	Duke Energy CORP	1,701	$222,728
MDLZ	Mondelez International, Inc.	3,856	$222,259
NOC	Northrop Grumman Corp /De/	316	$215,587
EQT	EQT Corp	3,335	$212,239
COF	Capital One Financial Corp	1,141	$208,152
F	Ford Motor Co	13,150	$151,751
CTRA	Coterra Energy Inc.	43,408	$0
GTLS	Chart Industries Inc	1,595	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

220 tracked positions · $1,621,772,885 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 220 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LLY	ELI LILLY & Co Healthcare	Reduced	537,488	-2,929	$644,679,285	+29.7%	39.75%
AVGO	Broadcom Inc. Technology	Added	119,112	+8,980	$44,994,558	+32.0%	2.77%
AAPL	Apple Inc. Technology	Reduced	154,703	-7,254	$44,764,860	+8.9%	2.76%
MSFT	Microsoft Corp Technology	Reduced	82,547	-3,732	$30,791,681	−3.6%	1.90%
JPM	Jpmorgan Chase & Co Financial Services	Added	74,845	+6,599	$24,499,013	+22.0%	1.51%
NVDA	Nvidia Corp Technology	Reduced	118,649	-5,114	$23,740,478	+10.0%	1.46%
XOM	ExxonMobil Holdings Corp Energy	Reduced	159,080	-4,546	$21,749,417	−21.7%	1.34%
ETN	Eaton Corp plc Industrials	Reduced	48,279	-1,528	$20,572,647	+15.5%	1.27%
CAT	Caterpillar Inc Industrials	Reduced	19,073	-1,143	$20,310,837	+41.8%	1.25%
ADI	Analog Devices Inc Technology	Reduced	40,572	-1,288	$16,113,981	+21.0%	0.99%
ABBV	AbbVie Inc. Healthcare	Reduced	62,744	-2,378	$15,788,900	+11.5%	0.97%
MRK	Merck & Co., Inc. Healthcare	Reduced	122,719	-4,286	$15,769,391	+3.2%	0.97%
CSCO	Cisco Systems, Inc. Technology	Reduced	123,289	-4,945	$14,481,525	+45.5%	0.89%
QCOM	Qualcomm Inc/De Technology	Reduced	77,526	-3,137	$14,326,029	+37.9%	0.88%
CVX	Chevron Corp Energy	Reduced	84,978	-4,000	$14,085,953	−23.5%	0.87%
JNJ	Johnson & Johnson Healthcare	Reduced	55,081	-1,713	$13,988,921	+0.8%	0.86%
LMT	Lockheed Martin Corp Industrials	Reduced	26,274	-586	$13,385,552	−17.5%	0.83%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	221,564	-14,582	$12,624,716	+9.7%	0.78%
OHI	Omega Healthcare Investors Inc Real Estate	Reduced	254,182	-88,418	$12,119,397	−19.3%	0.75%
PFG	Principal Financial Group Inc Financial Services	Reduced	112,394	-4,480	$12,113,825	+15.0%	0.75%
TRV	Travelers Companies, Inc. Financial Services	Reduced	36,668	-1,383	$12,104,840	+9.1%	0.75%
USB	US Bancorp De Financial Services	Reduced	196,550	-8,664	$11,871,620	+11.2%	0.73%
NI	Nisource Inc. Utilities	Reduced	236,722	-8,827	$11,256,131	−1.8%	0.69%
SPY	Spdr S&P 500 ETF Trust	Reduced	14,827	-843	$11,072,358	+8.7%	0.68%
RTX	RTX Corp Industrials	Added	56,585	+8,840	$10,735,872	+16.6%	0.66%
KLAC	Kla Corp Technology	Added	35,384	+31,472	$10,675,706	+85.3%	0.66%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	44,452	-9,409	$10,594,689	−5.6%	0.65%
CFG	Citizens Financial Group Inc/Ri Financial Services	Reduced	149,448	-4,515	$10,471,821	+13.4%	0.65%
AEP	American Electric Power Co Inc Utilities	Reduced	75,863	-2,365	$10,378,817	+1.2%	0.64%
PANW	Palo Alto Networks Inc Technology	Reduced	30,253	-1,769	$10,316,878	+101.0%	0.64%
WMT	Walmart Inc. Consumer Defensive	Reduced	83,861	-20,435	$9,498,096	−26.7%	0.59%
WSM	Williams Sonoma Inc Consumer Cyclical	Reduced	38,444	-1,129	$8,961,296	+24.2%	0.55%
V	Visa Inc. Financial Services	Reduced	25,824	-1,311	$8,859,956	+8.0%	0.55%
ENB	Enbridge Inc Energy	Reduced	161,878	-7,230	$8,775,406	−4.2%	0.54%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	150,829	-5,835	$8,690,766	−8.5%	0.54%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	104,726	-4,821	$8,654,556	−0.8%	0.53%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	9,146	-432	$8,555,808	−10.4%	0.53%
IBM	International Business Machines Corp Technology	Reduced	30,103	-228	$8,465,264	+15.1%	0.52%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	16,439	-94	$8,225,911	−32.7%	0.51%
TEL	TE Connectivity plc Technology	Reduced	40,003	-1,057	$8,065,004	−6.0%	0.50%
VZ	Verizon Communications Inc Communication Services	Reduced	185,390	-5,135	$7,849,412	−17.9%	0.48%
ETR	Entergy Corp /De/ Utilities	Reduced	67,075	-2,101	$7,704,234	−0.9%	0.48%
AZN	Astrazeneca PLC Healthcare	Reduced	40,260	-1,413	$7,634,101	−7.1%	0.47%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	51,364	-3,165	$7,532,016	−4.4%	0.46%
VLO	Valero Energy Corp/Tx Energy	Reduced	28,600	-682	$7,448,584	+3.0%	0.46%
UNH	Unitedhealth Group Inc Healthcare	Reduced	17,688	-857	$7,351,663	+46.5%	0.45%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	10,292	-582	$7,238,775	+7.9%	0.45%
MCK	Mckesson Corp Healthcare	Reduced	9,572	-539	$7,232,603	−17.3%	0.45%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	47,244	-1,244	$7,157,466	−7.6%	0.44%
META	Meta Platforms, Inc. Communication Services	Reduced	12,626	-337	$7,112,099	−4.1%	0.44%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.