Goelzer Investment Management, Inc.

RIA/Wealth

Goelzer Investment Management, Inc. is a RIA/Wealth based in Carmel, IN led by Gregory William Goelzer, reporting $3.8B in AUM as of Q3 2025 with 51% concentrated in top 10 holdings and 22% allocation to LLY.

CEOGregory William Goelzer

Portfolio Value: $1.8B
Positions: 246
Top Holding: LLY at 22.49%
Last Reported: Q3 2025

Address10 East Main Street, Suite 110, Carmel, IN, 46032, United States

Top Holdings

Largest long holdings in Goelzer Investment Management, Inc.'s portfolio (51% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$415.4M	22.49%	-$10.0M Sold	0.06% 544.5K shares	Q1 2013 Held for 12y 8m
2 iShares Core S&P 500 ETF IVV	ETF ETF	$172.2M	9.32%	+$277.8K Bought	— 257.3K shares	Q1 2013 Held for 12y 8m
3 SPDR S&P 600 Small Cap Value ETF SLYV	ETF ETF	$77.9M	4.22%	-$621.0K Sold	— 878.6K shares	Q2 2020 Held for 5y 5m
4 iShares Core S&P Mid-Cap ETF IJH	ETF ETF	$72.4M	3.92%	-$4.7M Sold	— 1.1M shares	Q1 2013 Held for 12y 8m
5 Schwab International Equity SCHF	ETF ETF	$43.3M	2.35%	-$452.7K Sold	— 1.9M shares	Q4 2022 Held for 2y 11m
6 Microsoft MSFT	Software - Infrastructure Technology	$43.0M	2.33%	-$147.1K Sold	0.00% 83.1K shares	Q1 2013 Held for 12y 8m
7 Apple AAPL	Consumer Electronics Technology	$37.6M	2.03%	-$15.0K Sold	0.00% 147.6K shares	Q1 2013 Held for 12y 8m
8 Broadcom Inc. AVGO	Semiconductors Technology	$35.6M	1.93%	-$309.1K Sold	0.00% 107.8K shares	Q1 2015 Held for 10y 8m
9 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$23.2M	1.26%	-$251.1K Sold	0.00% 95.5K shares	Q2 2014 Held for 11y 5m
10 JPMorgan Chase JPM	Banks - Diversified Financial Services	$20.5M	1.11%	-$171.0K Sold	0.00% 65.1K shares	Q1 2013 Held for 12y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Goelzer Investment Management, Inc.'s latest filing

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Market Value

$1.8B

Prior: $1.8B

Q/Q Change

+3.39%

+$60.5M

Net Flows % of MV

-1.9%

Turnover Ratio

1.73%

New Purchases

5 stocks

$2.7M

Added To

45 stocks

+$10.6M

Sold Out Of

7 stocks

$2.1M

Reduced Holdings

156 stocks

-$46.4M

Increased Positions

Position	Shares Δ	Change
1 Netflix NFLX	New	0 → 1.5K +$1.8M
2 ASML ASML ASML	New	0 → 274.0 +$265.5K
3 iShares National Muni Bond MUB	New	0 → 2.1K +$220.3K
4 iShares MSCI ACWI ACWI	New	0 → 1.5K +$213.7K
5 Vanguard Utilities VPU	New	0 → 1.1K +$200.2K

Decreased Positions

Position	Shares Δ	Change
1 iShares Russell Top 200 Growth IWY	Sold	1.4K → 0 −$350.0K
2 iShares Core U.S. Aggregate Bond AGG	Sold	3.4K → 0 −$335.1K
3 iShares Core MSCI Emerging Markets IEMG	Sold	5.3K → 0 −$320.4K
4 SPHQ Invesco S&P 500 Quality ETF SPHQ	Sold	4.5K → 0 −$317.5K
5 Vanguard FTSE Developed Markets VEA	Sold	5.4K → 0 −$309.6K

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Analytics

Portfolio insights and performance metrics for Goelzer Investment Management, Inc.

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Sector Allocation

ETF

29.90%

Healthcare

27.20%

Technology

12.40%

Financial Services

8.10%

Industrials

5.10%

Consumer Cyclical

3.60%

Communication Services

3.20%

Consumer Defensive

3.10%

Energy

2.70%

Utilities

2.20%

Real Estate

1.00%

Basic Materials

0.80%

Market Cap Distribution

Mega Cap (> $200B)

45.22%

Large Cap ($10B - $200B)

22.51%

Mid Cap ($2B - $10B)

1.56%

Small Cap ($300M - $2B)

0.08%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.02%

N/A (ETF or Unknown)

30.61%

Portfolio Concentration

Top 10 Holdings %

50.95%

Top 20 Holdings %

59.73%

Top 50 Holdings %

75.93%

Top 100 Holdings %

91.48%