Goelzer Investment Management, Inc.
Long book
$2.07B
Q1 2026
Positions
297
Top-10 weight
51%
concentration
Last quarter
+16.6%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsGoelzer Investment Management, Inc. is an institutional manager, running a $2.07B US long book across 297 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ELI LILLY & CO, ISHARES CORE S&P 500 ETF, ISHARES CORE S&P MIDCAP ETF, SS SPDR S&P 600 SC VAL ETF, SCHWAB INTL EQUITY ETF.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.7%
Q2 2024
+4.4%
Q3 2024
-3.5%
Q4 2024
-0.0%
Q1 2025
+3.4%
Q2 2025
+5.6%
Q3 2025
+11.2%
Q4 2025
-3.5%
Q1 2026
+16.6%
Sector allocation
Healthcare 41%
Technology 16%
Financials 11%
Industrials 9%
Consumer discretionary 7%
Energy 5%
Utilities 3%
Consumer staples 2%
Long book by quarter
What does Goelzer Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LLY ELI LILLY & CO | Healthcare | 540.4K | $497.1M | 24.0% | -0.5% |
| AAPL APPLE INC | Technology | 162.0K | $41.1M | 2.0% | +4.0% |
| AVGO BROADCOM INC | Technology | 110.1K | $34.1M | 1.6% | +2.1% |
| MSFT MICROSOFT CORP | Technology | 86.3K | $31.9M | 1.5% | +2.6% |
| XOM EXXON MOBIL CORP | Energy | 163.6K | $27.8M | 1.3% | +1.7% |
| GOOG ALPHABET INC-CL C | Technology | 90.5K | $26.0M | 1.3% | -4.2% |
| NVDA NVIDIA CORP | Technology | 123.8K | $21.6M | 1.0% | +14.4% |
| JPM JPMORGAN CHASE & CO | Financials | 68.2K | $20.1M | 1.0% | +3.3% |
| CVX CHEVRON CORP | Energy | 89.0K | $18.4M | 0.9% | +0.7% |
| ETN EATON CORP PLC | Industrials | 49.8K | $17.8M | 0.9% | +0.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 26.9K | $16.2M | 0.8% | -0.7% |
| MRK MERCK & CO. INC. | Healthcare | 127.0K | $15.3M | 0.7% | -0.7% |
| CAT CATERPILLAR INC | Industrials | 20.2K | $14.3M | 0.7% | -8.6% |
| ABBV ABBVIE INC | Healthcare | 65.1K | $14.2M | 0.7% | +4.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 56.8K | $13.9M | 0.7% | +1.5% |
| ADI ANALOG DEVICES INC | Technology | 41.9K | $13.3M | 0.6% | -0.5% |
| WMT WALMART INC | Consumer discretionary | 104.3K | $13.0M | 0.6% | +0.4% |
| BAC BANK OF AMERICA CORP | Financials | 236.1K | $11.5M | 0.6% | +0.3% |
| NI NISOURCE INC | Utilities | 245.5K | $11.5M | 0.6% | -20.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 53.9K | $11.2M | 0.5% | +2.2% |
| TRV TRAVELERS COS INC/THE | Financials | 38.1K | $11.1M | 0.5% | -0.2% |
| USB US BANCORP | Financials | 205.2K | $10.7M | 0.5% | -6.5% |
| PFG PRINCIPAL FINANCIAL GROUP | Financials | 116.9K | $10.5M | 0.5% | +0.2% |
| QCOM QUALCOMM INC | Technology | 80.7K | $10.4M | 0.5% | +0.4% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 78.2K | $10.3M | 0.5% | +4.7% |
| CSCO CISCO SYSTEMS INC | Technology | 128.2K | $9.9M | 0.5% | +3.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 190.5K | $9.6M | 0.5% | -0.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 9.6K | $9.5M | 0.5% | -11.6% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 156.7K | $9.5M | 0.5% | +22.4% |
| CFG CITIZENS FINANCIAL GROUP | Financials | 154.0K | $9.2M | 0.4% | -0.3% |
| RTX RTX CORP | Industrials | 47.7K | $9.2M | 0.4% | -0.7% |
| ENB ENBRIDGE INC | Energy | 169.1K | $9.2M | 0.4% | -18.4% |
| MCK MCKESSON CORP | Consumer discretionary | 10.1K | $8.7M | 0.4% | -1.1% |
| WFC WELLS FARGO & CO | Financials | 109.5K | $8.7M | 0.4% | +3.7% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 41.1K | $8.6M | 0.4% | -8.0% |
| FMAO FARMERS & MERCHANTS BANCO/OH | Financials | 328.6K | $8.4M | 0.4% | -32.3% |
| AZN ASTRAZENECA PLC | Healthcare | 41.7K | $8.2M | 0.4% | New |
| V VISA INC-CLASS A SHARES | Services media | 27.1K | $8.2M | 0.4% | +2.4% |
| PEP PEPSICO INC | Consumer staples | 51.9K | $8.1M | 0.4% | +0.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 16.5K | $7.9M | 0.4% | +2.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 54.5K | $7.9M | 0.4% | -0.6% |
| ETR ENTERGY CORP | Utilities | 69.2K | $7.8M | 0.4% | -34.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 48.5K | $7.7M | 0.4% | -0.3% |
| META META PLATFORMS INC-CLASS A | Technology | 13.0K | $7.4M | 0.4% | +9.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 30.3K | $7.4M | 0.4% | +2.5% |
| VLO VALERO ENERGY CORP | Energy | 29.3K | $7.2M | 0.3% | +661.8% |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 39.6K | $7.2M | 0.3% | -0.2% |
| KO COCA-COLA CO/THE | Consumer staples | 87.5K | $6.7M | 0.3% | +4.8% |
| UNP UNION PACIFIC CORP | Industrials | 26.6K | $6.5M | 0.3% | 0.0% |
| MDT MEDTRONIC PLC | Healthcare | 72.4K | $6.3M | 0.3% | +1.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 9, 2026 | 297 | $2.07B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 271 | $2.16B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 247 | $1.89B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 244 | $1.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Apr 29, 2025 | 237 | $1.73B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 228 | $1.70B | SEC ↗ | |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 235 | $1.72B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 4, 2024 | 225 | $1.82B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 226 | $1.79B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 239 | $1.77B | canonical | SEC ↗ |
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