INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Goelzer Investment Management, Inc.'s Holding History (CIK: 0001550057)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 29,591 Value ($000) $8,765 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 28,824 Value ($000) $8,133 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 29,274 Value ($000) $8,629 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 29,218 Value ($000) $7,265 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 35,895 Value ($000) $7,891 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 36,569 Value ($000) $8,085 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 36,957 Value ($000) $6,392 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 37,886 Value ($000) $7,235 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 38,588 Value ($000) $6,311 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 38,469 Value ($000) $5,397 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 39,736 Value ($000) $5,317 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 39,332 Value ($000) $5,156 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 34,781 Value ($000) $4,900 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 35,806 Value ($000) $4,254 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 35,224 Value ($000) $4,973 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 33,801 Value ($000) $4,395 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 33,831 Value ($000) $4,522 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 35,474 Value ($000) $4,928 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 41,902 Value ($000) $6,142 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 40,120 Value ($000) $5,346 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 45,490 Value ($000) $5,726 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 78,285 Value ($000) $9,525 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 77,364 Value ($000) $9,343 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 70,440 Value ($000) $7,814 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 68,647 Value ($000) $9,201 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 71,705 Value ($000) $10,427 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 71,252 Value ($000) $9,826 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 70,933 Value ($000) $10,009 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 65,995 Value ($000) $7,502 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 60,097 Value ($000) $9,087 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 60,466 Value ($000) $8,447 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 60,247 Value ($000) $9,244 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 60,468 Value ($000) $9,277 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 59,864 Value ($000) $8,685 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 60,220 Value ($000) $9,264 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 59,733 Value ($000) $10,402 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 58,484 Value ($000) $9,708 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 39,301 Value ($000) $6,243 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 39,014 Value ($000) $5,922 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 38,410 Value ($000) $5,817 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 37,520 Value ($000) $5,164 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 36,411 Value ($000) $5,279 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 27,175 Value ($000) $4,420 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 25,772 Value ($000) $4,136 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 5,926 Value ($000) $951 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 5,926 Value ($000) $1,125 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 5,926 Value ($000) $1,074 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 6,762 Value ($000) $1,302 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 6,537 Value ($000) $1,226 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 6,550 Value ($000) $1,213 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 13,900 Value ($000) $2,656 Avg Close $118.94 Range $109.29 - $125.13

Q1 2013

Shares 13,072 Value ($000) $2,788 Avg Close $117.98 Range $110.40 - $125.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	29,591	$8,765	$298.78	$262.11 - $324.90
Q3 2025	28,824	$8,133	$259.55	$232.08 - $292.01
Q2 2025	29,274	$8,629	$253.82	$210.49 - $292.56
Q1 2025	29,218	$7,265	$239.40	$209.20 - $261.47
Q4 2024	35,895	$7,891	$216.31	$196.83 - $233.32
Q3 2024	36,569	$8,085	$188.97	$166.24 - $216.80
Q2 2024	36,957	$6,392	$165.85	$154.39 - $183.50
Q1 2024	37,886	$7,235	$172.56	$148.54 - $189.10
Q4 2023	38,588	$6,311	$141.50	$126.39 - $156.49
Q3 2023	38,469	$5,397	$131.75	$120.98 - $141.33
Q2 2023	39,736	$5,317	$118.05	$110.47 - $128.27
Q1 2023	39,332	$5,156	$120.73	$110.43 - $131.92
Q4 2022	34,781	$4,900	$123.05	$102.35 - $137.32
Q3 2022	35,806	$4,254	$115.64	$105.06 - $124.09
Q2 2022	35,224	$4,973	$117.50	$107.95 - $126.60
Q1 2022	33,801	$4,395	$112.10	$102.68 - $121.43
Q4 2021	33,831	$4,522	$106.49	$97.83 - $117.62
Q3 2021	35,474	$4,928	$112.12	$106.97 - $117.48
Q2 2021	41,902	$6,142	$113.44	$102.70 - $121.73
Q1 2021	40,120	$5,346	$98.07	$91.22 - $107.97
Q4 2020	45,490	$5,726	$93.41	$81.15 - $103.82
Q3 2020	78,285	$9,525	$93.86	$87.12 - $99.96
Q2 2020	77,364	$9,343	$91.40	$78.00 - $102.76
Q1 2020	70,440	$7,814	$98.28	$67.58 - $117.24
Q4 2019	68,647	$9,201	$99.90	$95.55 - $107.55
Q3 2019	71,705	$10,427	$102.47	$94.04 - $110.34
Q2 2019	71,252	$9,826	$98.62	$91.51 - $103.66
Q1 2019	70,933	$10,009	$94.64	$78.71 - $101.33
Q4 2018	65,995	$7,502	$87.95	$74.66 - $107.42
Q3 2018	60,097	$9,087	$101.25	$95.14 - $106.71
Q2 2018	60,466	$8,447	$99.95	$94.63 - $110.30
Q1 2018	60,247	$9,244	$107.30	$98.32 - $115.38
Q4 2017	60,468	$9,277	$102.11	$96.94 - $108.49
Q3 2017	59,864	$8,685	$96.87	$92.88 - $103.07
Q2 2017	60,220	$9,264	$103.77	$98.95 - $115.36
Q1 2017	59,733	$10,402	$114.39	$107.32 - $119.58
Q4 2016	58,484	$9,708	$103.05	$95.06 - $110.31
Q3 2016	39,301	$6,243	$101.76	$95.61 - $106.13
Q2 2016	39,014	$5,922	$95.13	$90.08 - $99.15
Q1 2016	38,410	$5,817	$84.07	$73.78 - $96.70
Q4 2015	37,520	$5,164	$87.52	$82.31 - $94.87
Q3 2015	36,411	$5,279	$95.35	$87.10 - $106.76
Q2 2015	27,175	$4,420	$102.99	$96.57 - $107.49
Q1 2015	25,772	$4,136	$96.47	$90.53 - $100.82
Q4 2014	5,926	$951	$100.47	$91.12 - $114.79
Q3 2014	5,926	$1,125	$114.33	$108.62 - $117.41
Q2 2014	5,926	$1,074	$112.28	$107.17 - $118.40
Q1 2014	6,762	$1,302	$109.22	$101.79 - $116.27
Q4 2013	6,537	$1,226	$106.40	$101.46 - $111.01
Q3 2013	6,550	$1,213	$111.55	$106.48 - $117.56
Q2 2013	13,900	$2,656	$118.94	$109.29 - $125.13
Q1 2013	13,072	$2,788	$117.98	$110.40 - $125.72