SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Goelzer Investment Management, Inc.

CIK 0001550057 · 10 EAST MAIN STREET, SUITE 110, CARMEL, IN, 46032 · 317-264-2600

Reported Value
$1.1B
Q1 2019
Positions
267
Filings on Record
31
2019–present window
Filed
May 3, 2019
original filing

Summary

Goelzer Investment Management, Inc. reported $1.1B in U.S.-listed holdings across 267 positions for Q1 2019.

Its largest position, LLY, represents 3.8% of the portfolio.

Compared with Q4 2018, the fund opened 77 new positions and exited 5.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+23.5%
share of reported value
Largest Position
+3.8%
Lilly Eli
New / Exited
77 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $781MQ4 ’18Q1 ’19: $1.1BQ2 ’19: $1.1BQ3 ’19: $1.1BQ4 ’19: $1.2BQ4 ’19Q1 ’20: $877MQ2 ’20: $1.0BQ3 ’20: $1.1BQ4 ’20: $1.1BQ4 ’20Q1 ’21: $1.1BQ2 ’21: $1.2BQ3 ’21: $1.1BQ4 ’21: $1.2BQ4 ’21Q1 ’22: $1.2BQ2 ’22: $1.0BQ3 ’22: $1.0BQ4 ’22: $1.2BQ4 ’22Q1 ’23: $1.2BQ2 ’23: $1.2BQ3 ’23: $1.4BQ4 ’23: $1.6BQ4 ’23Q1 ’24: $1.8BQ2 ’24: $1.8BQ3 ’24: $1.8BQ4 ’24: $1.7BQ4 ’24Q1 ’25: $1.7BQ2 ’25: $1.8BQ3 ’25: $1.9BQ4 ’25: $2.2BQ4 ’25Q1 ’26: $2.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 64.6%ETP: 27.2%Other: 3.8%REIT: 3.3%ADR: 1.0%Other: 0.0%
  • Common Stock · 64.6% · $682M
  • ETP · 27.2% · $287M
  • Other · 3.8% · $40M
  • REIT · 3.3% · $35M
  • ADR · 1.0% · $10M
  • Other · 0.0% · $264,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+16.8K16.8K+$4M$4M
CMICUMMINS INCNEW+18.3K18.3K+$3M$3M
BRK/ABERKSHIRE HATHAWAY INC DELNEW+99+$3M$3M
WFCWELLS FARGO CO NEWNEW+55.1K55.1K+$3M$3M
NOCNORTHROP GRUMMAN CORPNEW+9.8K9.8K+$3M$3M
TJXTJX COS INC NEWNEW+48.2K48.2K+$3M$3M
SRCLEURSTERICYCLE INCNEW+39.3K39.3K+$2M$2M
AWNADVANCE AUTO PARTS INCNEW+11.0K11.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRMSCI ACWI EX US · CORE S&P SCP ETF · CORE S&P MCP ETF · CORE S&P500 ETF · RUS 1000 VAL ETF · S&P 500 GRWT ETF · S&P MC 400GR ETF · TIPS BD ETF · 1 3 YR TREAS BD15.69%$166M1.81M
2LLYLILLY ELI & COhistory →COM3.84%$41M312.2K
3SPDR S&P 500 ETF TRTR UNIT2.23%$23M83.2K
4DBX ETF TRXTRACK MSCI EAFE2.07%$22M700.1K
5EXMOCEXXON MOBIL CORPhistory →COM1.79%$19M233.2K
6AAPLAPPLE INChistory →COM1.56%$17M86.9K
7MRKMERCK & CO INChistory →COM1.47%$16M186.7K
8MSFTMICROSOFT CORPhistory →COM1.43%$15M127.9K
9CHVCHEVRON CORP NEWhistory →COM1.28%$13M109.3K
10OMEGA HEALTHCARE INVS INCCOM1.24%$13M342.2K
11ENBENBRIDGE INChistory →COM1.23%$13M358.1K
12PG4PRINCIPAL FINL GROUP INChistory →COM1.18%$12M248.8K
13TAT&T INChistory →COM1.18%$12M395.6K
14CSCOCISCO SYS INChistory →COM1.13%$12M220.8K
15MDPUSDMEREDITH CORPhistory →COM1.06%$11M202.8K
16BACVERIZON COMMUNICATIONS INChistory →COM1.05%$11M186.7K
17QCOMQUALCOMM INChistory →COM1.04%$11M192.8K
18VANGUARD INDEX FDSREAL ESTATE ETF1.00%$11M121.7K
19KEYKEYCORP NEWhistory →COM0.99%$10M660.2K
20SPGSIMON PPTY GROUP INC NEWhistory →COM0.98%$10M57.1K
21IBMINTERNATIONAL BUSINESS MACHShistory →COM0.95%$10M70.9K
22PFEPFIZER INCCOM0.89%$9M221.0K
23JNJJOHNSON & JOHNSONCOM0.88%$9M66.1K
24TRVTRAVELERS COMPANIES INCCOM0.86%$9M66.5K
25LMTLOCKHEED MARTIN CORPCOM0.86%$9M30.2K
26PRUPRUDENTIAL FINL INCCOM0.83%$9M95.6K
27HONGBPHONEYWELL INTL INCCOM0.81%$9M53.7K
28DRIDARDEN RESTAURANTS INCCOM0.81%$9M70.1K
29INGRINGREDION INCCOM0.80%$8M89.5K
30IQVIQVIA HLDGS INCCOM0.73%$8M53.4K
31UTXZUNITED TECHNOLOGIES CORPCOM0.71%$8M58.3K
32BMYBRISTOL MYERS SQUIBB COCOM0.71%$8M157.5K
33DYHTARGET CORPCOM0.65%$7M85.2K
34WMTWALMART INCCOM0.64%$7M69.0K
35WSMWILLIAMS SONOMA INCCOM0.62%$7M115.7K
36TE CONNECTIVITY LTDREG SHS0.61%$6M80.2K
37MXIMMAXIM INTEGRATED PRODS INCCOM0.61%$6M121.9K
38PEPPEPSICO INCCOM0.60%$6M51.8K
39MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.60%$6M18.4K
40CHECK POINT SOFTWARE TECH LTORD0.60%$6M49.8K
41WBAWALGREENS BOOTS ALLIANCE INCCOM0.60%$6M99.6K
42CTRACABOT OIL & GAS CORPCOM0.59%$6M239.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.1B297Apr 9, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.2B271Jan 14, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.9B247Oct 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.8B244Jul 9, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.7B237Apr 29, 2025RESTATEMENTchanges · EDGAR ↗
Q4 2024$1.7B235Jan 21, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.8B225Oct 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.8B226Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.8B239May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.6B228Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.4B222Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.2B221Jul 27, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.2B222Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B237Jan 20, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.0B223Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.0B220Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.2B216May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.2B225Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.1B216Oct 29, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.2B216Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.1B200May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.1B195Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.1B247Oct 27, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.0B240Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$877M238May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.2B247Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.1B252Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.1B257Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.1B267May 3, 201913F-HRchanges · EDGAR ↗
Q4 2018$781M195Jan 28, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.