Goelzer Investment Management, Inc. reported 212 positions worth $1.63B for the quarter ended Sep 30, 2026, down 0.5% on the prior quarter. It opened 9 new positions, added to 49, trimmed 131 and exited 15. Its largest holding is ELI LILLY & Co at 39.5% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| LLY ELI LILLY & Co | +18.7K | +3.5% | $21.62M | 39.49% |
| MU Micron Technology Inc | +2,497 | +235.1% | $2.66M | 0.233% |
| LIN Linde Plc | +3,430 | +304.9% | $1.63M | 0.133% |
| PKG Packaging Corp Of America | +6,839 | – | $1.57M | 0.096% |
| JPM Jpmorgan Chase & Co | +4,468 | +6.0% | $1.48M | 1.61% |
| TXN Texas Instruments Inc | +5,100 | +535.7% | $1.43M | 0.104% |
| CDNS Cadence Design Systems Inc | +4,063 | – | $1.34M | 0.082% |
| GM General Motors Co | +14.3K | – | $1.10M | 0.067% |
| EIX Edison International | +19.5K | – | $1.05M | 0.064% |
| RTX RTX Corp | +4,179 | +7.4% | $775.83K | 0.692% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| BRK-A Berkshire Hathaway Inc | -6 | -100.0% | $4.49M | Exited |
| FMAO Farmers & Merchants Bancorp Inc | -101.4K | -45.3% | $3.51M | 0.26% |
| APD Air Products & Chemicals, Inc. | -11.7K | -64.2% | $3.26M | 0.112% |
| APTV Aptiv PLC | -35.4K | -100.0% | $2.17M | Exited |
| PANW Palo Alto Networks Inc | -4,155 | -13.7% | $1.65M | 0.636% |
| TSLA Tesla, Inc. | -3,725 | -65.9% | $1.32M | 0.042% |
| EME EMCOR Group, Inc. | -1,517 | -100.0% | $1.26M | Exited |
| COST Costco Wholesale Corp | -1,239 | -13.5% | $1.13M | 0.442% |
| LHX L3Harris Technologies, Inc. | -3,779 | -77.5% | $894.79K | 0.016% |
| BRK-B Berkshire Hathaway Inc | -1,560 | -9.5% | $776.80K | 0.455% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| PKG Packaging Corp Of America | +6,839 | $1.57M | 0.096% |
| CDNS Cadence Design Systems Inc | +4,063 | $1.34M | 0.082% |
| GM General Motors Co | +14.3K | $1.10M | 0.067% |
| EIX Edison International | +19.5K | $1.05M | 0.064% |
| GLD Spdr Gold Trust | +953 | $362.94K | 0.022% |
| SGI Somnigroup International Inc. | +5,098 | $316.61K | 0.019% |
| IBIT iShares Bitcoin Trust ETF | +6,132 | $290.29K | 0.018% |
| IBP Installed Building Products, Inc. | +1,275 | $244.65K | 0.015% |
| AWI Armstrong World Industries Inc | +1,440 | $233.18K | 0.014% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| BRK-A Berkshire Hathaway Inc | -6 | $4.49M | 0.274% |
| APTV Aptiv PLC | -35.4K | $2.17M | 0.133% |
| EME EMCOR Group, Inc. | -1,517 | $1.26M | 0.077% |
| FELE Franklin Electric Co Inc | -7,040 | $754.62K | 0.046% |
| ADSK Autodesk, Inc. | -3,552 | $690.58K | 0.042% |
| INTU Intuit Inc. | -2,189 | $571.33K | 0.035% |
| BX Blackstone Inc. | -2,413 | $283.94K | 0.017% |
| DKS Dick'S Sporting Goods, Inc. | -1,239 | $281.02K | 0.017% |
| JBL Jabil Inc | -669 | $257.89K | 0.016% |
| GWW W.W. Grainger, Inc. | -176 | $239.43K | 0.015% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | LLY ELI LILLY & Co | Healthcare | 556.2K | $643.54M | 39.49% | +18.7K | +3.5% | Added | 0.06% |
| 2 | AAPL Apple Inc. | Technology | 153.6K | $51.16M | 3.14% | -1,086 | -0.7% | Reduced | 0% |
| 3 | MSFT Microsoft Corp | Technology | 82.9K | $42.52M | 2.61% | +359 | +0.4% | Added | 0% |
| 4 | AVGO Broadcom Inc. | Technology | 119.3K | $41.89M | 2.57% | +160 | +0.1% | Added | 0% |
| 5 | GOOG Alphabet Inc. | Technology | 86.3K | $29.42M | 1.81% | -36 | 0.0% | Reduced | 0% |
| 6 | NVDA Nvidia Corp | Technology | 117.8K | $26.90M | 1.65% | -871 | -0.7% | Reduced | 0% |
| 7 | XOM ExxonMobil Holdings Corp | Energy | 162.1K | $26.39M | 1.62% | +3,046 | +1.9% | Added | 0% |
| 8 | JPM Jpmorgan Chase & Co | Financial Services | 79.3K | $26.24M | 1.61% | +4,468 | +6.0% | Added | 0% |
| 9 | ETN Eaton Corp plc | Industrials | 47.8K | $20.56M | 1.26% | -432 | -0.9% | Reduced | 0.01% |
| 10 | MRK Merck & Co., Inc. | Healthcare | 120.5K | $17.52M | 1.07% | -2,172 | -1.8% | Reduced | 0% |
| 11 | CVX Chevron Corp | Energy | 83.7K | $17.08M | 1.05% | -1,327 | -1.6% | Reduced | 0% |
| 12 | ADI Analog Devices Inc | Technology | 41.6K | $16.50M | 1.01% | +1,013 | +2.5% | Added | 0.01% |
| 13 | ABBV AbbVie Inc. | Healthcare | 62.4K | $16.31M | 1% | -378 | -0.6% | Reduced | 0% |
| 14 | CAT Caterpillar Inc | Industrials | 19.1K | $15.49M | 0.95% | +30 | +0.2% | Added | 0% |
| 15 | JNJ Johnson & Johnson | Healthcare | 53.9K | $14.27M | 0.876% | -1,180 | -2.1% | Reduced | 0% |
Tip. Select a row to see that position’s full history at Goelzer Investment Management.
As of its Q3 2026 13F filing, Goelzer Investment Management, Inc.’s five largest positions were ELI LILLY & Co (LLY) at 39.5%, Apple Inc. (AAPL) at 3.1%, Microsoft Corp (MSFT) at 2.6%, Broadcom Inc. (AVGO) at 2.6%, Alphabet Inc. (GOOG) at 1.8% of the reported portfolio.
Goelzer Investment Management, Inc. reported a 13F portfolio worth $1.63B across 212 positions for Q3 2026. That is down 0.5% from the previous quarter.
Its largest purchases by value were ELI LILLY & Co ($21.62M), Micron Technology Inc ($2.66M), Linde Plc ($1.63M). It opened 9 new positions.
Its largest sales by value were Berkshire Hathaway Inc ($4.49M), Farmers & Merchants Bancorp Inc ($3.51M), Air Products & Chemicals, Inc. ($3.26M). It exited 15 positions entirely.
From the Form 13F-HR reports Goelzer Investment Management, Inc. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.