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Institutional Investment Manager
Goelzer Investment Management, Inc.
Goelzer Investment Management, Inc. (CIK: 0001550057) incorporated in Indiana, located at 10 East Main Street, Carmel, IN. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 197 holdings with a total value of $685,621,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 WAL-MART STORES INC 16,210 994,000 0.14%
152 AVAGO TECHNOLOGIES LTD SHS 6,417 931,000 0.14%
153 MCDONALDS CORP 6,830 807,000 0.12%
154 VANGUARD INDEX FDS 7,340 766,000 0.11%
155 VANGUARD INDEX FDS 6,604 731,000 0.11%
156 ISHARES TR 6,114 661,000 0.10%
157 SELECT SECTOR SPDR TR 27,321 651,000 0.09%
158 NORFOLK SOUTHERN CORP 7,659 648,000 0.09%
159 CINCINNATI FINL CORP 10,938 647,000 0.09%
160 ISHARES TR 6,316 628,000 0.09%
161 COCA COLA CO 13,897 597,000 0.09%
162 TORCHMARK CORP COM 9,858 563,000 0.08%
163 ISHARES TR 4,580 516,000 0.08%
164 BP PLC 16,059 502,000 0.07%
165 WELLS FARGO & CO NEW 9,072 493,000 0.07%
166 BRISTOL MYERS SQUIBB CO 7,121 490,000 0.07%
167 SELECT SECTOR SPDR TR 6,557 472,000 0.07%
168 PHILIP MORRIS INTL INC 5,239 461,000 0.07%
169 XCEL ENERGY INC 11,300 406,000 0.06%
170 YUM BRANDS INC 5,442 398,000 0.06%
171 SELECT SECTOR SPDR TR 7,178 381,000 0.06%
172 AUTOMATIC DATA PROCESSING IN 4,473 379,000 0.06%
173 SELECT SECTOR SPDR TR 8,814 378,000 0.06%
174 SELECT SECTOR SPDR TR 4,678 366,000 0.05%
175 ISHARES TR 6,770 362,000 0.05%
176 ISHARES TR 3,618 333,000 0.05%
177 ISHARES TR 3,000 329,000 0.05%
178 BAXTER INTL INC 8,297 317,000 0.05%
179 KIMBERLY CLARK CORP 2,483 316,000 0.05%
180 WASTE MGMT INC DEL 5,790 309,000 0.05%
181 SELECT SECTOR SPDR TR 6,048 305,000 0.04%
182 STATE STR CORP 4,400 292,000 0.04%
183 UNITEDHEALTH GROUP INC 2,400 282,000 0.04%
184 UNION PAC CORP 3,591 281,000 0.04%
185 HOME DEPOT INC 2,068 273,000 0.04%
186 ISHARES TR 2,406 272,000 0.04%
187 INTUIT 2,673 258,000 0.04%
188 VANGUARD WORLD FD 2,365 256,000 0.04%
189 ABBOTT LABS 5,698 256,000 0.04%
190 AMGEN INC 1,548 251,000 0.04%
191 VANGUARD INTL EQUITY INDEX F 7,382 241,000 0.04%
192 ALTRIA GROUP INC 4,099 239,000 0.03%
193 REALTY INCOME CORP 4,493 232,000 0.03%
194 CLOROX CO DEL 1,814 230,000 0.03%
195 HCP INC 5,757 220,000 0.03%
196 CUMMINS INC 2,470 217,000 0.03%
197 CLAYMORE EXCHANGE TRD FD TR 10,106 211,000 0.03%
Page 4 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-002720, filed 2016.02.02).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.