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Portfolio (Quarterly) Guide ↗

Goelzer Investment Management, Inc.

· CIK 0001550057
13F Portfolio $2.2B AUM Filed Jan 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 271 New
Page 3 of 14  ·  271 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 ENTERGY CORP NEW 104,790.0 $9.7M 0.45% NEW $92.43
42 CSCO CISCO SYS INC Technology 123,614.0 $9.5M 0.44% NEW $77.03 +50.0%
43 SPY SPDR S&P 500 ETF TR Financial Services 13,740.0 $9.4M 0.43% NEW $681.93 +8.4%
44 COST COSTCO WHSL CORP NEW Consumer Defensive 10,834.0 $9.3M 0.43% NEW $862.34 +20.7%
45 V VISA INC Financial Services 26,493.0 $9.3M 0.43% NEW $350.71 -8.0%
46 CFG CITIZENS FINL GROUP INC Financial Services 154,454.0 $9.0M 0.42% NEW $58.41 +4.2%
47 RTX RTX CORPORATION Industrials 48,060.0 $8.8M 0.41% NEW $183.40 -4.2%
48 IBM INTERNATIONAL BUSINESS MACHS Technology 29,591.0 $8.8M 0.41% NEW $296.21 -26.3%
49 AEP AMERICAN ELEC PWR CO INC Utilities 74,690.0 $8.6M 0.40% NEW $115.31 +8.5%
50 MCK MCKESSON CORP Healthcare 10,223.0 $8.4M 0.39% NEW $820.29 -8.9%
51 UNH UNITEDHEALTH GROUP INC Healthcare 24,984.0 $8.2M 0.38% NEW $330.11 +20.9%
52 BERKSHIRE HATHAWAY INC DEL 16,192.0 $8.1M 0.38% NEW $502.63
53 PG PROCTER AND GAMBLE CO Consumer Defensive 54,836.0 $7.9M 0.36% NEW $143.31 -0.4%
54 META META PLATFORMS INC Communication Services 11,856.0 $7.8M 0.36% NEW $660.06 -6.3%
55 VZ VERIZON COMMUNICATIONS INC Communication Services 191,914.0 $7.8M 0.36% NEW $40.73 +15.5%
56 ASTRAZENECA PLC 82,536.0 $7.6M 0.35% NEW $91.93
57 MUNI PIMCO ETF TR 143,409.0 $7.5M 0.35% NEW $52.41 -0.7%
58 TJX TJX COS INC NEW Consumer Cyclical 48,615.0 $7.5M 0.35% NEW $153.61 -4.1%
59 PEP PEPSICO INC Consumer Defensive 51,579.0 $7.4M 0.34% NEW $143.52 +3.6%
60 PANW PALO ALTO NETWORKS INC Technology 38,883.0 $7.2M 0.33% NEW $184.20 +29.3%
Page 3 of 14  ·  271 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 45.4%
Technology 15.7%
Financial Services 11.7%
Industrials 6.6%
Communication Services 4.5%
Consumer Cyclical 4.0%
Consumer Defensive 3.9%
Energy 3.5%
Utilities 2.1%
Basic Materials 1.5%