Q2 2026 13F · SEC CIK 1550057

Goelzer Investment Management, Inc.

Asset managerFiled 2026-07-15 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.3B
Reported positions: 314
Top holdings a year, 3 yrs: +20.7%
Assets under management: $4.5B

Goelzer Investment Management, Inc. is an asset manager that reported 314 positions worth $2.3B in its Q2 2026 13F, filed 2026-07-15. Its largest holdings were Lilly Eli & Co (LLY, 28.1%), Ishares Core S&p 500 ETF (IVV, 8.9%), Ishares Tr (IJH, 3.9%). A portfolio copying its top holdings returned 20.7% a year over the last 3 years, against 20.4% for the S&P 500.

Goelzer Investment Management, Inc. holdings largest 50 of 314 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Goelzer Investment Management, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
LLYLilly Eli & Co	28.1%	24.0%	537,488	-0.5%	$644.7M
IVVIshares Core S&p 500 ETF	8.9%	8.8%	274,215	-1.9%	$205.4M
IJHIshares Tr	3.9%	3.8%	1,150,363	-0.2%	$88.7M
SCHFSchwab Intl Equity	2.1%	2.2%	1,711,363	-5.6%	$47.4M
AVGOBroadcom Inc	2.0%	1.6%	119,112	+8.2%	$45.0M
AAPLApple Inc	2.0%	2.0%	154,703	-4.5%	$44.8M
JMTGJ P Morgan Exchange Traded F	1.8%	2.0%	807,941	-1.4%	$40.9M
SLYVSpdr Series Trust	1.8%	3.6%	374,631	-52.6%	$40.9M
MSFTMicrosoft Corp	1.3%	1.5%	82,547	-4.3%	$30.8M
GOOGAlphabet Inc	1.3%	1.3%	86,369	-4.6%	$30.5M
NUGONushares ETF Tr	1.1%	—	578,626	—	$25.0M
JPMJpmorgan Chase & Co	1.1%	1.0%	74,845	+9.7%	$24.5M
NVDANvidia Corporation Com	1.0%	1.0%	118,649	-4.1%	$23.7M
IJRIshares Core S&p Small Cap ETF	1.0%	1.0%	155,008	-3.7%	$23.0M
XOMExxon Mobil Corp	0.9%	1.3%	159,080	-2.8%	$21.7M
ETNEaton Corp PLC	0.9%	0.9%	48,279	-3.1%	$20.6M
CATCaterpillar Inc Com	0.9%	0.7%	19,073	-5.7%	$20.3M
TLHIshares Tr	0.7%	0.9%	169,041	-3.8%	$17.0M
ADIAnalog Devices Inc	0.7%	0.6%	40,572	-3.1%	$16.1M
ABBVAbbvie Inc	0.7%	0.7%	62,744	-3.7%	$15.8M
MRKMerck & Co. Inc	0.7%	0.7%	122,719	-3.4%	$15.8M
CSCOCisco Sys Inc	0.6%	0.5%	123,289	-3.9%	$14.5M
JMBSJanus Detroit Str Tr	0.6%	0.7%	320,242	-3.8%	$14.4M
QCOMQualcomm Inc	0.6%	0.5%	77,526	-3.9%	$14.3M
CVXChevron Corp New	0.6%	0.9%	84,978	-4.5%	$14.1M
JNJJohnson & Johnson	0.6%	0.7%	55,081	-3.0%	$14.0M
LMTLockheed Martin Corp Com	0.6%	0.8%	26,274	-2.2%	$13.4M
BACBank of Amer Corp	0.6%	0.6%	221,564	-6.2%	$12.6M
IGSBIshares 1-3 Yr Credit Bond ETF	0.5%	0.6%	238,502	-6.0%	$12.5M
OHIOmega Healthcare Investors Inc	0.5%	0.7%	254,182	-25.8%	$12.1M
PFGPrincipal Financial Group in	0.5%	0.5%	112,394	-3.8%	$12.1M
TRVTravelers Companies Inc	0.5%	0.5%	36,668	-3.6%	$12.1M
USBUS Bancorp Del	0.5%	0.5%	196,550	-4.2%	$11.9M
NINisource Inc	0.5%	0.6%	236,722	-3.6%	$11.3M
SPYSpdr S&p 500 ETF Tr	0.5%	0.5%	14,827	-5.4%	$11.1M
RTXRtx Corporation Com	0.5%	0.4%	56,585	+18.5%	$10.7M
KLACKla Corp	0.5%	—	35,384	—	$10.7M
AMZNAmazon Com Inc Com	0.5%	0.5%	44,452	-17.5%	$10.6M
CFGCitizens Finl Group Inc	0.5%	0.4%	149,448	-2.9%	$10.5M
AEPAmerican Elec Pwr Co Inc	0.5%	0.5%	75,863	-3.0%	$10.4M
PANWPalo Alto Networks Inc	0.5%	—	30,253	—	$10.3M
WMTWalmart Inc	0.4%	0.6%	83,861	-19.6%	$9.5M
ACWXIshares Tr	0.4%	0.4%	124,783	-1.9%	$9.5M
WSMWilliams Sonoma Inc	0.4%	—	38,444	—	$9.0M
VVisa Inc Com Cl A	0.4%	—	25,824	—	$8.9M
IWDIshares Russell 1000 Value ETF	0.4%	0.5%	36,530	-27.5%	$8.9M
ENBEnbridge Inc Com	0.4%	0.4%	161,878	-4.3%	$8.8M
BMYBristol-Myers Squibb Co Com	0.4%	0.5%	150,829	-3.7%	$8.7M
WFCWells Fargo Co New	0.4%	0.4%	104,726	-4.4%	$8.7M
COSTCostco Whsl Corp New	0.4%	0.5%	9,146	-4.5%	$8.6M

What Goelzer Investment Management, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

Reduced

SLYV Spdr Series Trust-52.6% shares
IWD Ishares Russell 1000 Value ETF-27.5% shares
OHI Omega Healthcare Investors Inc-25.8% shares
WMT Walmart Inc-19.6% shares
AMZN Amazon Com Inc Com-17.5% shares
BAC Bank of Amer Corp-6.2% shares
IGSB Ishares 1-3 Yr Credit Bond ETF-6.0% shares
CAT Caterpillar Inc Com-5.7% shares

Left the top 50

VZ Verizon Communications Inc Comwas 0.5%
MCK Mckesson Corp Comwas 0.4%
TEL Te Connectivity PLCwas 0.4%
FMAO Farmers & Merchants Bancorpwas 0.4%
AZN Astrazeneca PLC Ordwas 0.4%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +40.9% /yr; S&P 500 +20.1%
3 years: +20.7% /yr; S&P 500 +20.4%
5 years: +12.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.3B	314
Q1 2026	$2.1B	297
Q4 2025	$2.2B	271
Q3 2025	$1.9B	247
Q2 2025	$1.8B	244
Q1 2025	$1.7B	237
Q4 2024	$1.7B	235
Q3 2024	$1.8B	225
Q2 2024	$1.8B	226
Q1 2024	$1.8B	239
Q4 2023	$1.6B	228
Q3 2023	$1.4B	222

Questions about Goelzer Investment Management, Inc.'s portfolio

What stocks does Goelzer Investment Management, Inc. own?

Goelzer Investment Management, Inc.'s latest 13F, for Q2 2026 and filed Jul 15, 2026, lists 314 positions worth $2.3B. The largest are Lilly Eli & Co (LLY) at 28.1%, Ishares Core S&p 500 ETF (IVV) at 8.9%, Ishares Tr (IJH) at 3.9%, Schwab Intl Equity (SCHF) at 2.1% and Broadcom Inc (AVGO) at 2.0%.

What did Goelzer Investment Management, Inc. buy last quarter?

In Q2 2026, Goelzer Investment Management, Inc. added Rtx Corporation Com (RTX) (+18.5% shares), Jpmorgan Chase & Co (JPM) (+9.7% shares) and Broadcom Inc (AVGO) (+8.2% shares), compared with its Q1 2026 filing.

What did Goelzer Investment Management, Inc. sell last quarter?

In Q2 2026, Goelzer Investment Management, Inc. cut from its top 50 Verizon Communications Inc Com (VZ), cut from its top 50 Mckesson Corp Com (MCK), cut from its top 50 Te Connectivity PLC (TEL), cut from its top 50 Farmers & Merchants Bancorp (FMAO), cut from its top 50 Astrazeneca PLC Ord (AZN), Spdr Series Trust (SLYV) (-52.6% shares), Ishares Russell 1000 Value ETF (IWD) (-27.5% shares) and Omega Healthcare Investors Inc (OHI) (-25.8% shares), compared with its Q1 2026 filing.

How has Goelzer Investment Management, Inc.'s portfolio performed?

A portfolio copying Goelzer Investment Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +40.9% against +20.1%. Over 5 years: +12.7% a year against +11.6%.

When is Goelzer Investment Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Goelzer Investment Management, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Goelzer Investment Management, Inc. manage?

Goelzer Investment Management, Inc. reported $4.5B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.3B.