Goelzer Investment Management, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 9, 2026), Goelzer Investment Management, Inc. reported 297 stock positions worth $2.1 billion. Its top holding was Eli Lilly (LLY) at 24.0% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 8.8%) and iShares Core S&P Midcap ETF (IJH, 3.8%). Compared with Q4 2025, it opened 31 new positions, sold out of 5, added to 113 and reduced 112. The biggest buy was Exxon Mobil (XOM, shares +2%) and the biggest sale Eli Lilly (LLY, shares −0%).

Most Recent 13F
Q2 2026
Location
CARMEL, IN
CIK
0001550057
Portfolio Value
$2.1B (Q1 2026)
SEC Filing
0001550057-26-000002 ↗ filed Apr 9, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.8B Q1 2024 Q2 2024: $1.8B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $1.9B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.1B $2.1B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 297 stocks · $2.1B

LLY Eli Lilly & Co. 24.04% 540,417 $497.1M Reduce -0.5%
IVV iShares Core S&P 500 ETF 8.83% 279,455 $182.5M Add +2.9%
IJH iShares Core S&P Midcap ETF 3.76% 1,152,695 $77.8M Add +2.8%
SLYV SS SPDR S&P 600 SC Val ETF 3.62% 791,132 $74.8M Reduce -10.0%
SCHF Schwab Intl Equity ETF 2.17% 1,813,550 $44.9M Reduce -1.5%
JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F 2.02% 819,602 $41.8M Add +1.3%
AAPL Apple Inc. 1.99% 161,957 $41.1M Add +4.0%
AVGO Broadcom Inc. 1.65% 110,132 $34.1M Add +2.1%
MSFT Microsoft Corp. 1.54% 86,279 $31.9M Add +2.6%
XOM Exxon Mobil Corp. 1.34% 163,626 $27.8M Add +1.7%
GOOG Alphabet Inc. Class C 1.26% 90,548 $26.0M Reduce -4.2%
NVDA Nvidia Corp. 1.04% 123,763 $21.6M Add +14.4%
JPM JPMorgan Chase & Co. 0.97% 68,246 $20.1M Add +3.3%
IJR iShares Core S&P Small-Cap E 0.97% 160,901 $20.0M Reduce -1.1%
CVX Chevron Corp. 0.89% 88,978 $18.4M Add +0.8%
ETN Eaton Corp. PLC 0.86% 49,807 $17.8M Add +0.7%
TLH iShares 10-20 Year Treasury 0.86% 175,727 $17.7M Add +2.9%
LMT Lockheed Martin Corp. 0.79% 26,860 $16.2M Reduce -0.7%
MRK Merck & Co. Inc. 0.74% 127,005 $15.3M Reduce -0.8%
JMBS Janus Henderson Mortg Backed 0.73% 332,955 $15.0M Add +2.1%
OHI Omega Healthcare Investors 0.73% 342,600 $15.0M Add +1.2%
CAT Caterpillar Inc. 0.69% 20,216 $14.3M Reduce -8.6%
ABBV Abbvie Inc. 0.69% 65,122 $14.2M Add +4.1%
JNJ Johnson & Johnson 0.67% 56,794 $13.9M Add +1.5%
IGSB iShares 1-5Y Inv Grade Corp. 0.65% 253,719 $13.3M Add +2.7%
ADI Analog Devices Inc. 0.64% 41,860 $13.3M Reduce -0.5%
WMT Walmart Inc. 0.63% 104,296 $13.0M Add +0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.56% 236,146 $11.5M Add +0.3%
NI Nisource Inc. 0.55% 245,549 $11.5M Reduce -20.5%
AMZN Amazon.com Inc. 0.54% 53,861 $11.2M Add +2.2%
TRV The Travelers Cos Inc. 0.54% 38,051 $11.1M Reduce -0.2%
IWD iShares Russell 1000 Value E 0.52% 50,383 $10.8M Add +0.2%
USB US Bancorp 0.52% 205,214 $10.7M Reduce -6.5%
PFG Principal Financial Group 0.51% 116,874 $10.5M Add +0.3%
QCOM Qualcomm Inc. 0.50% 80,663 $10.4M Add +0.4%
AEP American Electric Power 0.50% 78,228 $10.3M Add +4.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.49% 15,670 $10.2M Add +14.1%
CSCO Cisco Systems Inc. 0.48% 128,234 $9.9M Add +3.7%
VZ Verizon Communications Inc. 0.46% 190,525 $9.6M Reduce -0.7%
COST Costco Wholesale Corp. 0.46% 9,578 $9.5M Reduce -11.6%
BMY Bristol-Myers Squibb Co. 0.46% 156,664 $9.5M Add +22.4%
CFG Citizens Financial Group 0.45% 153,963 $9.2M Reduce -0.3%
RTX RTX Corp. 0.45% 47,745 $9.2M Reduce -0.7%
ENB Enbridge Inc. 0.44% 169,108 $9.2M Reduce -18.4%
MCK McKesson Corp. 0.42% 10,111 $8.7M Reduce -1.1%
WFC Wells Fargo & Co. 0.42% 109,547 $8.7M Add +3.7%
ACWX iShares MSCI Acwi Ex US ETF 0.42% 127,204 $8.7M Reduce -70.1%
TEL Te Connectivity PLC 0.42% 41,060 $8.6M Reduce -8.0%
FMAO Farmers & Merchants Banco 0.41% 328,604 $8.4M Reduce -32.3%
AZN Astrazeneca PLC 0.40% 41,673 $8.2M Add +1.0%
V Visa Inc. Class A 0.40% 27,135 $8.2M Add +2.4%
PEP Pepsico Inc. 0.39% 51,874 $8.1M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 0.38% 16,527 $7.9M Add +2.1%
PG The Procter & Gamble Co. 0.38% 54,529 $7.9M Reduce -0.6%
ETR Entergy Corp. 0.38% 69,176 $7.8M Reduce -34.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.37% 48,488 $7.7M Reduce -0.3%
META Meta Platforms Inc. Class A 0.36% 12,963 $7.4M Add +9.3%
MUNI PIMCO Intermediate Municipal 0.36% 141,554 $7.4M Reduce -1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.36% 30,331 $7.4M Add +2.5%
VLO Valero Energy Corp. 0.35% 29,282 $7.2M Add +661.8%
WSM Williams-Sonoma Inc. 0.35% 39,573 $7.2M Reduce -0.2%
RIO Rio Tinto PLC-Spon ADR 0.33% 72,811 $6.8M Reduce -0.6%
IJK iShares S&P Mid-Cap 400 Grow 0.33% 67,318 $6.8M Reduce -0.4%
MDY State Street SPDR S&P Midcap 0.32% 10,874 $6.7M No change
KO The Coca-Cola Co. 0.32% 87,475 $6.7M Add +4.8%
IVW iShares S&P 500 Growth ETF 0.32% 58,681 $6.6M Add +4.7%
UNP Union Pacific Corp. 0.31% 26,629 $6.5M Add +0.0%
MDT Medtronic PLC 0.30% 72,360 $6.3M Add +1.1%
IGIB iShares 5-10Y Inv Grade Corp. 0.30% 117,243 $6.2M Add +4.1%
LOW Lowe's Cos Inc. 0.29% 25,380 $6.0M Add +0.3%
JCI Johnson Controls Internation 0.28% 44,827 $5.9M Reduce -0.9%
KLAC KLA Corp. 0.28% 3,912 $5.8M Reduce -24.1%
JAAA Janus Henderson Aaa Clo ETF 0.27% 112,619 $5.7M Add +21.8%
HON Honeywell International Inc. 0.27% 25,014 $5.7M Add +5.8%
SO The Southern Co. 0.27% 57,882 $5.6M Reduce -0.2%
APD Air Products & Chemicals Inc. 0.27% 19,090 $5.5M Reduce -0.9%
SYY Sysco Corp. 0.27% 77,474 $5.5M Add +0.2%
PRU Prudential Financial Inc. 0.26% 55,851 $5.5M Reduce -0.1%
GNTX Gentex Corp. 0.25% 239,045 $5.2M Reduce -1.0%
OMC Omnicom Group 0.25% 69,051 $5.2M Reduce -0.8%
MCD McDonald's Corp. 0.25% 16,572 $5.2M Add +264.2%
PANW Palo Alto Networks Inc. 0.25% 32,022 $5.1M Reduce -17.6%
PFE Pfizer Inc. 0.25% 181,055 $5.1M Add +1.2%
SWK Stanley Black & Decker Inc. 0.24% 71,270 $5.1M Add +0.2%
BKNG Booking Holdings Inc. 0.24% 1,194 $5.0M Reduce -7.2%
HD Home Depot Inc. 0.24% 15,260 $5.0M Add +5.6%
UNH Unitedhealth Group Inc. 0.24% 18,545 $5.0M Reduce -25.8%
CTVA Corteva Inc. 0.24% 59,552 $5.0M Reduce -2.2%
ANET Arista Networks Inc. 0.24% 40,211 $4.9M Add +1.5%
MBX MBX Biosciences Inc. 0.24% 164,172 $4.9M Reduce -25.9%
INGR Ingredion Inc. 0.23% 42,606 $4.8M Reduce -1.1%
FITB Fifth Third Bancorp 0.23% 102,655 $4.8M Add +1.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.23% 52,019 $4.7M Reduce -0.5%
MA Mastercard Inc. Class A 0.22% 9,197 $4.6M Add +3.8%
GLW Corning Inc. 0.22% 32,998 $4.5M Reduce -8.1%
GATX Gatx Corp. 0.22% 26,210 $4.5M Reduce -0.2%
TGT Target Corp. 0.21% 36,291 $4.4M Reduce -0.7%
BRK.A Berkshire Hathaway Inc. Class A 0.21% 6 $4.3M No change
IJJ iShares S&P Mid-Cap 400 Valu 0.20% 31,122 $4.1M Add +0.3%
NXST Nexstar Media Group Inc. 0.20% 22,355 $4.0M Reduce -0.4%
THG Hanover Insurance Group Inc./ 0.20% 23,282 $4.0M Reduce -0.4%
CI The Cigna Group 0.19% 15,089 $4.0M Reduce -0.4%
AXP American Express Co. 0.19% 13,239 $4.0M Reduce -2.6%
SCHW Schwab (charles) Corp. 0.19% 42,340 $4.0M Add +1.0%
GOOGL Alphabet Inc. Class A 0.19% 13,464 $3.9M Add +8.0%
EQIX Equinix Inc. 0.18% 3,726 $3.7M Add +5.5%
EOG EOG Resources Inc. 0.17% 24,470 $3.5M Add +3.5%
SBUX Starbucks Corp. 0.17% 39,479 $3.5M Reduce -0.1%
TMUS T-Mobile US Inc. 0.17% 16,668 $3.5M Add +10.5%
SGOV iShares 0-3 Month Treasury B 0.17% 34,244 $3.4M Add +127.6%
BLK BlackRock Inc. 0.17% 3,571 $3.4M Add +2.3%
LRCX Lam Research Corp. 0.16% 15,953 $3.4M Reduce -0.7%
IWF iShares Russell 1000 Growth 0.16% 7,933 $3.4M Add +0.1%
FCX Freeport-McMoran Inc. 0.15% 54,051 $3.2M Reduce -29.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 32,579 $3.1M Add +4.9%
APTV Aptiv PLC 0.13% 38,641 $2.7M Add +0.1%
FDX FedEx Corp. 0.13% 7,422 $2.6M New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.13% 9,147 $2.6M No change
GD General Dynamics Corp. 0.12% 7,473 $2.6M Reduce -1.0%
EFA iShares MSCI Eafe ETF 0.12% 25,940 $2.5M Add +27.0%
VB Vanguard Most SM-Cap ETF-Usd 0.12% 9,464 $2.5M Reduce -4.9%
IWR iShares Russell Mid-Cap ETF 0.11% 24,169 $2.3M Reduce -2.4%
AMP Ameriprise Financial Inc. 0.11% 5,272 $2.3M New
EMN Eastman Chemical Co. 0.11% 30,393 $2.3M Reduce -0.9%
TSLA Tesla Inc. 0.11% 6,003 $2.2M Reduce -8.5%
ACN Accenture PLC Class A 0.11% 11,022 $2.2M Reduce -35.9%
MPC Marathon Petroleum Corp. 0.10% 8,834 $2.2M Add +120.0%
IWS iShares Russell Mid-Cap Valu 0.10% 14,341 $2.1M Reduce -1.1%
UNM Unum Group 0.10% 27,521 $2.0M Add +0.2%
DELL Dell Technologies -C 0.10% 12,044 $2.0M New
IJS iShares S&P Small-Cap 600 Va 0.09% 16,408 $1.9M Reduce -8.3%
CAH Cardinal Health Inc. 0.09% 9,094 $1.9M New
IQV Iqvia Holdings Inc. 0.09% 11,266 $1.9M Add +151.6%
BPOP Popular Inc. 0.09% 14,183 $1.9M New
NEE Nextera Energy Inc. 0.09% 20,398 $1.9M Reduce -1.3%
CARR Carrier Global Corp. 0.09% 33,319 $1.9M Add +0.4%
NSC Norfolk Southern Corp. 0.09% 6,534 $1.9M Add +13.0%
KMI Kinder Morgan Inc. 0.09% 55,829 $1.9M Add +1.5%
CMI Cummins Inc. 0.09% 3,384 $1.8M Add +2.8%
VONV Vanguard Russell 1000 Value 0.09% 19,298 $1.8M Add +0.2%
LHX L3HARRIS Technologies Inc. 0.09% 5,153 $1.8M Add +183.6%
VTI VG Morningstar TS MKT ETF-US 0.08% 5,409 $1.7M Add +2.4%
FTNT Fortinet Inc. 0.08% 19,772 $1.6M New
MSI Motorola Solutions Inc. 0.08% 3,645 $1.6M New
NFLX Netflix Inc. 0.08% 16,235 $1.6M Reduce -6.2%
AIG American International Group 0.08% 20,634 $1.6M Reduce -3.1%
ELV Elevance Health Inc. 0.07% 5,267 $1.5M Add +410.4%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.07% 29,930 $1.5M Reduce -63.4%
CTRA Coterra Energy Inc. 0.07% 43,408 $1.5M Add +1.8%
TLT iShares 20+ Year Treasury BD 0.07% 16,755 $1.5M Add +0.7%
MO Altria Group Inc. 0.07% 20,687 $1.4M New
HIG Hartford Insurance Group Inc. 0.07% 9,967 $1.3M Add +13.2%
CSX CSX Corp. 0.06% 31,815 $1.3M Reduce -2.1%
VOO Vanguard S&P 500 ETF 0.06% 2,137 $1.3M Add +17.0%
KR Kroger Co. 0.06% 17,592 $1.3M Add +1.2%
EVRG Evergy Inc. 0.06% 15,254 $1.2M Add +3.1%
QUAL iShares MSCI USA Quality Fac 0.06% 6,513 $1.2M Add +65.4%
ATO Atmos Energy Corp. 0.06% 6,737 $1.2M New
XLE SS Energy Select Sector 0.06% 19,610 $1.2M Add +1.8%
CHRW C.H. Robinson Worldwide Inc. 0.06% 7,223 $1.2M Add +24.2%
ORCL Oracle Corp. 0.06% 7,950 $1.2M Add +10.1%
OTIS Otis Worldwide Corp. 0.06% 15,151 $1.2M No change
XLK SS Technology Select Sector 0.06% 8,756 $1.2M Add +96.9%
PGR Progressive Corp. 0.05% 5,702 $1.1M Add +5.2%
AGZ iShares Agency Bond ETF 0.05% 10,192 $1.1M Add +8.0%
IEFA iShares Core MSCI Eafe ETF 0.05% 12,322 $1.1M Add +102.8%
SLB SLB Ltd. filed as SLB LIMITED 0.05% 21,669 $1.1M Reduce -19.0%
VGT Vanguard Info Tech ETF 0.05% 1,564 $1.1M Reduce -0.3%
VEEV Veeva Systems Inc. Class A 0.05% 5,978 $1.1M Reduce -14.3%
VONG Vanguard Russell 1000 Growth 0.05% 9,422 $1.0M Reduce -2.1%
INTU Intuit Inc. 0.05% 2,363 $1.0M Add +7.3%
ABT Abbott Laboratories 0.05% 9,653 $991K Add +3.1%
BND Vanguard Total Bond Market 0.04% 12,430 $915K Reduce -36.3%
QQQ Invesco QQQ Trust Series 1 0.04% 1,585 $915K Reduce -15.5%
DLR Digital Realty Trust Inc. 0.04% 5,066 $913K Reduce -1.2%
XLF SS Financial Select Sector 0.04% 18,248 $901K Add +24.6%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.04% 4,086 $888K Reduce -8.5%
MCO Moody's Corp. 0.04% 2,028 $885K New
ADSK Autodesk Inc. 0.04% 3,673 $879K Reduce -1.3%
TSM Taiwan Semiconductor-SP ADR 0.04% 2,442 $825K Reduce -0.7%
MS Morgan Stanley 0.04% 4,917 $809K Reduce -0.2%
IEMG iShares Core MSCI Emerging 0.04% 11,556 $806K Add +189.8%
BSX Boston Scientific Corp. 0.04% 12,655 $794K Reduce -63.9%
MMM 3M Co. 0.04% 5,458 $793K Reduce -2.1%
BWXT BWX Technologies Inc. 0.04% 3,876 $793K No change
GSLC Goldman Activebeta US LC ETF 0.04% 6,270 $785K No change
TSCO Tractor Supply Company 0.04% 17,262 $782K Add +40.8%
DBEF Xtrackers MSCI Eafe Hedged E 0.04% 15,724 $777K No change
CB Chubb Ltd. 0.04% 2,351 $766K Add +21.6%
WM Waste Management Inc. 0.04% 3,321 $763K Reduce -2.9%
HII Huntington Ingalls Industrie 0.04% 2,000 $760K No change
EMR Emerson Electric Co. 0.04% 5,771 $756K Reduce -19.5%
ZTS Zoetis Inc. 0.04% 6,296 $744K Reduce -69.5%
VWO Vanguard Ftse Emerging Marke 0.04% 13,607 $735K Reduce -33.6%
SPXC SPX Technologies Inc. 0.03% 3,600 $720K No change
ADP Automatic Data Processing 0.03% 3,507 $713K Reduce -14.4%
IGV iShares Expanded Tech-Softwa 0.03% 8,677 $695K Add +34.1%
XLI SS Industrial Select Sector 0.03% 4,282 $693K Add +57.3%
TT Trane Technologies PLC 0.03% 1,650 $688K No change
ALL Allstate Corp. 0.03% 3,300 $684K No change
EFV iShares MSCI Eafe Value ETF 0.03% 9,163 $681K New
GPC Genuine Parts Co. 0.03% 6,425 $679K No change
CRWD CrowdStrike Holdings Inc. Class A 0.03% 1,664 $650K Reduce -0.6%
FELE Franklin Electric Co. Inc. 0.03% 7,040 $649K No change
ECL Ecolab Inc. 0.03% 2,432 $647K Add +0.7%
BA The Boeing Co. 0.03% 3,248 $646K Reduce -0.6%
AAXJ iShares MSCI All Country Asi 0.03% 6,693 $644K No change
IVE iShares S&P 500 Value ETF 0.03% 3,049 $644K Add +95.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.03% 2,433 $626K Reduce -5.2%
SYK Stryker Corp. 0.03% 1,891 $621K Add +33.6%
GS Goldman Sachs Group Inc. 0.03% 724 $612K Add +44.2%
PH Parker Hannifin Corp. 0.03% 675 $604K No change
IEF iShares 7-10 Year Treasury B 0.03% 6,249 $596K Reduce -16.9%
CVS CVS Health Corp. 0.03% 8,209 $590K Add +30.4%
XEL Xcel Energy Inc. 0.03% 7,386 $587K Reduce -1.3%
SNA Snap-on Inc. 0.03% 1,601 $582K No change
NUE Nucor Corp. 0.03% 3,435 $581K No change
BDX Becton Dickinson and Co. 0.03% 3,681 $579K Reduce -5.2%
LIN Linde PLC 0.03% 1,166 $578K Reduce -3.1%
TMO Thermo Fisher Scientific Inc. 0.03% 1,173 $577K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.03% 423 $559K Add +54.4%
VONE Vanguard Russell 1000 0.03% 1,777 $525K Reduce -2.1%
SCHB Schwab US Broad Market ETF 0.03% 20,658 $519K Reduce -4.8%
PM Philip Morris International 0.03% 3,133 $518K Reduce -13.8%
FAST Fastenal Co. 0.02% 11,021 $511K Add +0.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.02% 2,664 $491K Reduce -15.8%
FSLR First Solar Inc. 0.02% 2,408 $475K No change
AMT American Tower Corp. 0.02% 2,743 $473K Add +2.6%
DOV Dover Corp. 0.02% 2,244 $468K Add +82.7%
VHT Vanguard Health Care ETF 0.02% 1,666 $454K Add +1.9%
XLV SS Health Care Select Sector 0.02% 3,078 $451K Reduce -5.6%
ULTA Ulta Beauty Inc. 0.02% 860 $450K No change
AON Aon PLC Class A 0.02% 1,386 $447K No change
COP Conocophillips 0.02% 3,270 $432K Add +10.1%
OKE Oneok Inc. 0.02% 4,762 $430K Add +0.9%
VRTX Vertex Pharmaceuticals Inc. 0.02% 947 $423K Reduce -49.4%
AMD Advanced Micro Devices 0.02% 2,023 $412K Reduce -0.3%
DHR Danaher Corp. 0.02% 2,169 $411K Add +47.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 911 $398K Add +45.8%
BWA Borgwarner Inc. 0.02% 7,235 $393K Reduce -0.4%
PSX Phillips 66 0.02% 2,139 $390K Reduce -5.8%
GSIE Goldman Sachs Activebeta Int 0.02% 8,953 $386K No change
XLY SS Consumer Disc Select Sect 0.02% 3,487 $380K Add +1.0%
VNQ Vanguard Real Estate ETF 0.02% 4,276 $379K No change
VST Vistra Corp. 0.02% 2,459 $370K Reduce -65.4%
EW Edwards Lifesciences Corp. 0.02% 4,500 $360K New
IWP iShares Russell Mid-Cap Grow 0.02% 2,790 $357K Add +38.3%
AFL Aflac Inc. 0.02% 3,255 $357K Reduce -5.5%
VYM Vanguard High DVD Yield ETF 0.02% 2,364 $350K Reduce -2.8%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 1,162 $347K New
ONB Old National Bancorp 0.02% 15,475 $342K No change
GLD SPDR Gold Shares 0.02% 793 $341K New
VEU Vanguard Ftse All-World Ex-U 0.02% 4,451 $334K No change
NOBL Proshares S&P 500 Dividend A 0.02% 3,145 $333K No change
CR Crane Co. 0.02% 1,949 $333K Reduce -20.5%
BP BP PLC-Spons ADR 0.02% 7,074 $332K No change
GTLS Chart Industries Inc. 0.02% 1,595 $330K No change
JIRE JPMorgan Int Res Enh Eqty 0.02% 4,343 $329K No change
IWM iShares Russell 2000 ETF 0.02% 1,309 $325K Reduce -4.4%
ADBE Adobe Inc. 0.02% 1,324 $322K Reduce -91.5%
SDY SS SPDR S&P Dividend ETF 0.02% 2,202 $321K New
TRP TC Energy Corp. 0.02% 5,072 $318K No change
XLC SS Comm Select Sector SPDR 0.02% 2,852 $316K New
VOX Vanguard Communication Servi 0.01% 1,684 $303K Add +4.4%
DE Deere & Co. 0.01% 535 $301K No change
GE General Electric filed as GE AEROSPACE 0.01% 1,028 $292K Reduce -1.4%
AMGN Amgen Inc. 0.01% 824 $290K Reduce -5.8%
C Citigroup Inc. 0.01% 2,481 $281K No change
SOXX iShares Semiconductor ETF 0.01% 853 $280K New
SHEL Shell PLC-ADR 0.01% 2,932 $273K No change
ITW Illinois Tool Works 0.01% 1,046 $272K New
ITOT iShares Core S&P Total U.S. 0.01% 1,898 $270K No change
LNC Lincoln National Corp. 0.01% 7,600 $270K No change
CWI State Street SPDR MSCI Acwi 0.01% 6,965 $255K Reduce -0.6%
VXUS Vanguard Total Intl Stock 0.01% 3,290 $254K New
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 1,289 $253K New
WAB Wabtec Corp. 0.01% 1,006 $251K No change
CMG Chipotle Mexican Grill Inc. 0.01% 7,800 $250K New
CEG Constellation Energy 0.01% 870 $243K New
ISRG Intuitive Surgical Inc. 0.01% 520 $240K Reduce -49.2%
MFC Manulife Financial Corp. 0.01% 6,745 $232K No change
DUK Duke Energy Corp. 0.01% 1,701 $223K New
MDLZ Mondelez International Inc. Class A 0.01% 3,856 $222K Reduce -18.8%
IGM iShares Expanded Tech Sector 0.01% 1,859 $220K New
MUB iShares National Muni Bond E 0.01% 2,069 $220K No change
DKS Dick's Sporting Goods Inc. 0.01% 1,096 $217K Reduce -9.4%
EFG iShares MSCI Eafe Growth ETF 0.01% 1,939 $216K New
NOC Northrop Grumman Corp. 0.01% 316 $216K New
ACWI iShares MSCI Acwi ETF 0.01% 1,546 $214K No change
CL Colgate-Palmolive Co. 0.01% 2,507 $214K New
EQT Eqt Corp. 0.01% 3,335 $212K New
VPU Vanguard Utilities ETF 0.01% 1,057 $209K New
FRME First Merchants Corp. 0.01% 5,389 $209K No change
COF Capital One Financial Corp. 0.01% 1,141 $208K No change
DYNF Ishrs US E F R A ETF-Usd Inc. 0.01% 3,577 $208K New
XLP SS Consumer Staples Sel Sect 0.01% 2,477 $203K Reduce -5.6%
F Ford Motor Co. filed as FORD MTR CO 0.01% 13,150 $152K New

Portfolio Sells Q4 2025 → Q1 2026

LLY Eli Lilly & Co. Reduce -0.5% 24.04% −3.02
ACWX iShares MSCI Acwi Ex US ETF Reduce -70.1% 0.42% −0.90
ADBE Adobe Inc. Reduce -91.5% 0.02% −0.24
FMAO Farmers & Merchants Banco Reduce -32.3% 0.41% −0.15
UNH Unitedhealth Group Inc. Reduce -25.8% 0.24% −0.14
GOOG Alphabet Inc. Class C Reduce -4.2% 1.26% −0.12
JMST JPM Ultra-Short Muni Income Reduce -63.4% 0.07% −0.12
BSX Boston Scientific Corp. Reduce -63.9% 0.04% −0.12
ACN Accenture PLC Class A Reduce -35.9% 0.11% −0.11
SLYV SS SPDR S&P 600 SC Val ETF Reduce -10.0% 3.62% −0.09
MBX MBX Biosciences Inc. Reduce -25.9% 0.24% −0.09
ZTS Zoetis Inc. Reduce -69.5% 0.04% −0.08
PANW Palo Alto Networks Inc. Reduce -17.6% 0.25% −0.08
BKNG Booking Holdings Inc. Reduce -7.2% 0.24% −0.08
ETR Entergy Corp. Reduce -34.0% 0.38% −0.07
TEL Te Connectivity PLC Reduce -8.0% 0.42% −0.06
DGII Digi International Inc. Sold out 0.00% −0.05
NI Nisource Inc. Reduce -20.5% 0.55% −0.04
AXP American Express Co. Reduce -2.6% 0.19% −0.04
APO Apollo Global Management Inc. Sold out 0.00% −0.04
VST Vistra Corp. Reduce -65.4% 0.02% −0.04
TSLA Tesla Inc. Reduce -8.5% 0.11% −0.03
PRU Prudential Financial Inc. Reduce -0.1% 0.26% −0.03
FCX Freeport-McMoran Inc. Reduce -29.5% 0.15% −0.03
USB US Bancorp Reduce -6.5% 0.52% −0.03
BND Vanguard Total Bond Market Reduce -36.3% 0.04% −0.02
TROW T Rowe Price Group Inc. Reduce -0.5% 0.23% −0.02
VEEV Veeva Systems Inc. Class A Reduce -14.3% 0.05% −0.02
VRTX Vertex Pharmaceuticals Inc. Reduce -49.4% 0.02% −0.02
ENB Enbridge Inc. Reduce -18.4% 0.44% −0.02
NXST Nexstar Media Group Inc. Reduce -0.4% 0.20% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -33.6% 0.04% −0.02
ISRG Intuitive Surgical Inc. Reduce -49.2% 0.01% −0.02
ADP Automatic Data Processing Reduce -14.4% 0.03% −0.01
KLAC KLA Corp. Reduce -24.1% 0.28% −0.01
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.01
BX Blackstone Inc. Sold out 0.00% −0.01
AIG American International Group Reduce -3.1% 0.08% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -15.5% 0.04% −0.01
OMC Omnicom Group Reduce -0.8% 0.25% −0.01
ADSK Autodesk Inc. Reduce -1.3% 0.04% −0.01
GNTX Gentex Corp. Reduce -1.0% 0.25% −0.01
EMR Emerson Electric Co. Reduce -19.5% 0.04% −0.01
BDX Becton Dickinson and Co. Reduce -5.2% 0.03% −0.01
CRWD CrowdStrike Holdings Inc. Class A Reduce -0.6% 0.03% −0.01
CR Crane Co. Reduce -20.5% 0.02% −0.00
IEF iShares 7-10 Year Treasury B Reduce -16.9% 0.03% −0.00
VONG Vanguard Russell 1000 Growth Reduce -2.1% 0.05% −0.00
MMM 3M Co. Reduce -2.1% 0.04% −0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -5.2% 0.03% −0.00

Portfolio Buys Q4 2025 → Q1 2026

XOM Exxon Mobil Corp. Add +1.7% 1.34% +0.44
IJH iShares Core S&P Midcap ETF Add +2.8% 3.76% +0.33
VLO Valero Energy Corp. Add +661.8% 0.35% +0.32
CVX Chevron Corp. Add +0.8% 0.89% +0.27
IVV iShares Core S&P 500 ETF Add +2.9% 8.83% +0.20
MCD McDonald's Corp. Add +264.2% 0.25% +0.18
BMY Bristol-Myers Squibb Co. Add +22.4% 0.46% +0.14
JNJ Johnson & Johnson Add +1.5% 0.67% +0.13
ETN Eaton Corp. PLC Add +0.7% 0.86% +0.13
FDX FedEx Corp. New 0.13% +0.13
AMP Ameriprise Financial Inc. New 0.11% +0.11
NVDA Nvidia Corp. Add +14.4% 1.04% +0.11
JMTG Mortgage-Backed Securities Add +1.3% 2.02% +0.10
SGOV iShares 0-3 Month Treasury B Add +127.6% 0.17% +0.10
AEP American Electric Power Add +4.7% 0.50% +0.10
DELL Dell Technologies -C New 0.10% +0.10
CAH Cardinal Health Inc. New 0.09% +0.09
BPOP Popular Inc. New 0.09% +0.09
WMT Walmart Inc. Add +0.4% 0.63% +0.09
FTNT Fortinet Inc. New 0.08% +0.08
MSI Motorola Solutions Inc. New 0.08% +0.08
MPC Marathon Petroleum Corp. Add +120.0% 0.10% +0.07
MO Altria Group Inc. New 0.07% +0.07
LHX L3HARRIS Technologies Inc. Add +183.6% 0.09% +0.06
ATO Atmos Energy Corp. New 0.06% +0.06
HON Honeywell International Inc. Add +5.8% 0.27% +0.06
SPY SS SPDR S&P 500 ETF Trust-US Add +14.1% 0.49% +0.06
ELV Elevance Health Inc. Add +410.4% 0.07% +0.06
JAAA Janus Henderson Aaa Clo ETF Add +21.8% 0.27% +0.06
EOG EOG Resources Inc. Add +3.5% 0.17% +0.06
EQIX Equinix Inc. Add +5.5% 0.18% +0.05
KO The Coca-Cola Co. Add +4.8% 0.32% +0.05
TLH iShares 10-20 Year Treasury Add +2.9% 0.86% +0.05
PEP Pepsico Inc. Add +0.6% 0.39% +0.05
IQV Iqvia Holdings Inc. Add +151.6% 0.09% +0.05
AZN Astrazeneca PLC Add +1.0% 0.40% +0.05
MCO Moody's Corp. New 0.04% +0.04
CSCO Cisco Systems Inc. Add +3.7% 0.48% +0.04
PFE Pfizer Inc. Add +1.2% 0.25% +0.04
IGSB iShares 1-5Y Inv Grade Corp. Add +2.7% 0.65% +0.04
JMBS Janus Henderson Mortg Backed Add +2.1% 0.73% +0.04
EFV iShares MSCI Eafe Value ETF New 0.03% +0.03
PFG Principal Financial Group Add +0.3% 0.51% +0.03
EFA iShares MSCI Eafe ETF Add +27.0% 0.12% +0.03
IWD iShares Russell 1000 Value E Add +0.2% 0.52% +0.03
OHI Omega Healthcare Investors Add +1.2% 0.73% +0.03
IEFA iShares Core MSCI Eafe ETF Add +102.8% 0.05% +0.03
TMUS T-Mobile US Inc. Add +10.5% 0.17% +0.03
UNP Union Pacific Corp. Add +0.0% 0.31% +0.03
IEMG iShares Core MSCI Emerging Add +189.8% 0.04% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 314$2.3BLLY, IVV, IJH, SCHF, AVGO
Q1 2026 297$2.1BLLY, IVV, IJH, SLYV, SCHF
Q4 2025 271$2.2BLLY, IVV, SLYV, IJH, SCHF
Q3 2025 247$1.9BLLY, IVV, SLYV, IJH, SCHF
Q2 2025 244$1.8BLLY, IVV, IJH, SLYV, SCHF
Q1 2025Amended 237$1.7BLLY, IVV, IJH, SLYV, SCHF
Q4 2024 235$1.7BLLY, IVV, SLYV, IJH, AAPL
Q3 2024 225$1.8BLLY, IVV, SLYV, IJH, SCHF
Q2 2024 226$1.8BLLY, IVV, IJH, SLYV, MSFT
Q1 2024 239$1.8BLLY, IVV, IJH, IJR, SLYV