Goelzer Investment Management portfolio

What changed this quarter

230 positions with a change (10 new, 49 added to, 141 trimmed, 30 sold). 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Eli Lilly+3.5%more sharesIncreased
  28.1% → 28.2%
• iShares Core S&P 500 ETF+6.4%more sharesIncreased
  8.9% → 9.8%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Eli LillyLLY28.2%
• iShares Core S&P 500 ETFIVV9.8%
• iShares Core S&P Midcap ETFIJH3.6%
• AppleAAPL2.2%
• Schwab International Equity ETFSCHF2.0%
• MicrosoftMSFT1.9%
• BroadcomAVGO1.8%
• J P Morgan Exchange Traded FundJMTG1.8%
• AlphabetGOOG · GOOGL1.5%
• Nushares ETF TrNUGO1.5%
• State Street SPDR S&P 600 SC Val ETFSLYV1.4%
• NVIDIANVDA1.2%
• Exxon MobilXOM1.2%
• JPMorgan ChaseJPM1.1%
• iShares Core S&P Small-cap E ETFIJR0.9%
• EatonETN0.9%
• MerckMRK0.8%
• ChevronCVX0.7%
• Analog DevicesADI0.7%
• AbbVieABBV0.7%
• iShares 10-20 Year Treasury ETFTLH0.7%
• CaterpillarCAT0.7%
• Johnson & JohnsonJNJ0.6%
• QualcommQCOM0.6%
• Janus Henderson Mortg Backed ETFJMBS0.6%
• Lockheed MartinLMT0.6%
• Cisco SystemsCSCO0.6%
• Travelers CompaniesTRV0.6%
• Principal Financial GroupPFG0.5%
• iShares 1-5y INV Grade ETFIGSB0.5%
• Bank of AmericaBAC0.5%
• Vanguard S&P 500 ETFVOO0.5%
• Omega Healthcare InvestorsOHI0.5%
• RTXRTX0.5%
• US Bancorp \de\USB0.5%
• Amazon.comAMZN0.5%
• Valero EnergyVLO0.5%
• Palo Alto NetworksPANW0.5%
• State Str Spdr S&P 500 ETF TSPY0.4%
• Citizens Financial GroupCFG0.4%
• Bristol-myers SquibbBMY0.4%
• NisourceNI0.4%
• iShares Msci Acwi EX US ETFACWX0.4%
• VisaV0.4%
• Meta PlatformsMETA0.4%
• American Electric PowerAEP0.4%
• Williams-sonomaWSM0.4%
• WalmartWMT0.4%
• Verizon CommunicationsVZ0.4%
• TE ConnectivityTEL0.4%
• Wells FargoWFC0.4%
• McKESSONMCK0.4%
• Janus Henderson AAA CLO ETFJAAA0.3%
• Berkshire HathawayBRK/B0.3%
• EnbridgeENB0.3%
• Costco WholesaleCOST0.3%
• Procter & GamblePG0.3%
• Coca-ColaKO0.3%
• KLAKLAC0.3%
• Union PacificUNP0.3%
• RIO TintoRIO0.3%
• State Str Spdr S&P Midcap 40MDY0.3%
• EntergyETR0.3%
• iShares S&P Mid-cap 400 Grow ETFIJK0.3%
• iShares Russell 1000 Value E ETFIWD0.3%
• AstrazenecaAZN0.3%
• Johnson Controls InternationalJCI0.3%
• Pimco Intermediate Municipal ETFMUNI0.3%
• PepsicoPEP0.3%
• TJXTJX0.3%
• Dell TechnologiesDELL0.3%
• International Business MachinesIBM0.3%
• Prudential FinancialPRU0.3%
• UnitedHealth GroupUNH0.3%
• Stanley Black & DeckerSWK0.3%
• SyscoSYY0.3%
• MedtronicMDT0.3%
• Arista NetworksANET0.2%
• iShares 5-10y INV Grade ETFIGIB0.2%
• TargetTGT0.2%
• Lam ResearchLRCX0.2%
• GentexGNTX0.2%
• MastercardMA0.2%
• PfizerPFE0.2%
• Hanover Insurance GroupTHG0.2%
• Fifth Third BancorpFITB0.2%
• SouthernSO0.2%
• Lowe'sLOW0.2%
• Charles SchwabSCHW0.2%
• CortevaCTVA0.2%
• Farmers & Merchants BancorpFMAO0.2%
• iShares S&P Mid-cap 400 Valu ETFIJJ0.2%
• American ExpressAXP0.2%
• Philip Morris InternationalPM0.2%
• CorningGLW0.2%
• IngredionINGR0.2%
• Cigna GroupCI0.2%
• Micron TechnologyMU0.2%
• Home DepotHD0.2%