DONALDSON CAPITAL MANAGEMENT, LLC
CIK 1487438 · View on SEC EDGAR ↗
- Portfolio value
- $3.5B
- Positions
- 311
- As of
- June 30, 2026
#1,046 of 9,443 by 13F value · top 11.1%
Portfolio value QoQ: +13.3% 13F does not disclose cash
- Top 10 holdings weight
- 38.00%
- Top 25 holdings weight
- 66.04%
- Positions above 1%
- 31
- Effective number of positions
- 43.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.62% Est. buys $444,023,967 · sells $251,191,190
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 86.9% still held
- New positions
- 89
- Increased
- 141
- Decreased
- 58
- Closed
- 12
Put-notional exposure: 0.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +12.4% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 89.8% · Options excluded: 0.0%
Sector breakdown
Industrials
19.4%
Technology
16.6%
Healthcare
11.4%
Financial Services
7.4%
Financials
5.9%
Retail
5.4%
Utilities
3.1%
Energy
2.8%
Consumer Discretionary
1.8%
Consumer products
1.7%
Real Estate
1.7%
Materials
1.7%
Communication Services
1.1%
Communications
0.3%
Consumer Staples
0.2%
Telecommunication
0.1%
Logistics & Transportation
0.1%
Packaging
0.0%
Other/Unmapped
19.5%
Full portfolio 311 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SOXX SOXX | $195,354,608 | 5.58% | 304,880 | $96,293,102 | Up ×2 | ||
| KRMN Karman Holdings Inc. Common Stock | $174,791,535 | 4.99% | 3,501,433 | $-105,498,177 | |||
| AAPL Apple Inc. - Common Stock | $171,359,771 | 4.89% | 592,203 | $27,758,044 | Up ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $166,266,545 | 4.75% | 440,150 | $12,512,466 | Down ×1 | ||
| ABBV AbbVie Inc. Common Stock | $122,198,377 | 3.49% | 485,608 | $17,356,343 | Up ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $106,852,235 | 3.05% | 286,452 | $4,188,906 | Up ×2 | ||
| LLY Eli Lilly and Company Common Stock | $106,362,560 | 3.04% | 88,678 | $38,333,982 | Up ×4 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $102,629,515 | 2.93% | 798,673 | $8,182,649 | Up ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $98,246,155 | 2.81% | 300,144 | $-2,450,597 | Down ×2 | ||
| ICSH | $86,424,483 | 2.47% | 1,708,669 | $-11,064,508 | Down ×2 | ||
| COST Costco Wholesale Corporation - Common Stock | $77,850,502 | 2.22% | 83,221 | $-5,124,892 | Down ×5 | ||
| MS Morgan Stanley Common Stock | $75,726,623 | 2.16% | 362,259 | $-585,628 | Down ×1 | ||
| RTX RTX Corporation Common Stock | $74,624,299 | 2.13% | 393,318 | $357,942 | Up ×2 | ||
| XLC XLC | $73,297,409 | 2.09% | 684,191 | $-53,369,356 | Down ×1 | ||
| C Citigroup, Inc. Common Stock | $69,276,255 | 1.98% | 494,972 | $2,595,092 | Down ×1 | ||
| WSO Watsco, Inc. Common Stock | $69,264,520 | 1.98% | 166,210 | $10,098,189 | Up ×2 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $68,389,767 | 1.95% | 67,621 | $4,873,060 | Down ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $67,735,855 | 1.93% | 192,060 | $4,478,709 | Down ×3 | ||
| FAST Fastenal Company - Common Stock | $67,482,076 | 1.93% | 1,405,001 | $2,429,636 | Up ×2 | ||
| KMB Kimberly-Clark Corporation - Common Stock | $58,665,360 | 1.68% | 534,439 | ||||
| MCD McDonald's Corporation Common Stock | $57,254,030 | 1.64% | 211,809 | $-8,397,044 | Up ×2 | ||
| PAYX Paychex, Inc. - Common Stock | $57,155,337 | 1.63% | 581,263 | $5,950,488 | Up ×2 | ||
| GD General Dynamics Corporation Common Stock | $56,796,691 | 1.62% | 160,334 | $3,215,280 | Up ×2 | ||
| O Realty Income Corporation Common Stock | $56,068,664 | 1.60% | 904,917 | Up ×1 | |||
| WEC WEC Energy Group, Inc. Common Stock | $52,305,274 | 1.49% | 447,934 | $1,128,777 | Up ×2 | ||
| LIN Linde plc - Ordinary Shares | $46,813,058 | 1.34% | 90,209 | $46,609,796 | Up ×1 | ||
| TROW T. Rowe Price Group, Inc. - Common Stock | $46,748,886 | 1.34% | 411,196 | $10,645,769 | Up ×2 | ||
| IBM International Business Machines Corporation Common Stock | $45,963,508 | 1.31% | 163,449 | $7,700,081 | Up ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $40,822,963 | 1.17% | 95,802 | $15,338,222 | Up ×1 | ||
| XEL Xcel Energy Inc. - Common Stock | $40,234,336 | 1.15% | 501,050 | $1,807,130 | Up ×2 | ||
| COR Cencora, Inc. Common Stock | $38,839,791 | 1.11% | 137,253 | $-4,539,105 | Down ×1 | ||
| CTAS Cintas Corporation - Common Stock | $33,468,832 | 0.96% | 196,783 | $89,460 | Down ×1 | ||
| CVX Chevron Corporation Common Stock | $33,083,783 | 0.94% | 199,588 | $-7,179,386 | Up ×2 | ||
| SCHG | $31,716,445 | 0.91% | 937,247 | $6,993,202 | Up ×6 | ||
| OKE ONEOK, Inc. Common Stock | $30,586,970 | 0.87% | 351,817 | $28,451,958 | Up ×6 | ||
| SPY SPY | $25,699,444 | 0.73% | 34,414 | $22,192,808 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $23,475,253 | 0.67% | 65,689 | $4,744,762 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $23,347,607 | 0.67% | 170,770 | $6,338,339 | Up ×1 | ||
| CMI Cummins Inc. Common Stock | $22,312,414 | 0.64% | 31,284 | $15,981,828 | Up ×1 | ||
| NEAR | $19,389,197 | 0.55% | 382,732 | $-1,561,345 | Down ×6 | ||
| JPST | $19,285,862 | 0.55% | 381,370 | $-2,181,602 | Down ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $19,212,349 | 0.55% | 80,609 | $1,793,479 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $18,285,012 | 0.52% | 91,384 | $3,007,682 | Up ×1 | ||
| VIG | $17,398,816 | 0.50% | 73,531 | $7,133,301 | Up ×3 | ||
| V Visa Inc. | $16,126,075 | 0.46% | 47,002 | $2,124,514 | Up ×4 | ||
| AGG | $14,752,813 | 0.42% | 149,048 | $76,529 | Up ×6 | ||
| MA Mastercard Incorporated Common Stock | $14,609,223 | 0.42% | 28,445 | $2,160,214 | Up ×4 | ||
| MU Micron Technology, Inc. - Common Stock | $14,300,591 | 0.41% | 12,389 | $6,983,990 | Down ×1 | ||
| MCO Moody's Corporation Common Stock | $14,269,614 | 0.41% | 31,506 | $1,275,643 | Up ×4 | ||
| VOO | $13,749,028 | 0.39% | 20,019 | $2,517,293 | Up ×2 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $13,550,221 | 0.39% | 28,373 | $4,655,342 | Up ×1 | ||
| LQD | $13,077,610 | 0.37% | 119,901 | $-13,368 | Down ×1 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $12,348,454 | 0.35% | 6,207 | $12,093,534 | Up ×1 | ||
| Unknown issuer (CUSIP: 02072Q192) | $11,415,678 | 0.33% | 408,871 | Up ×1 | |||
| IBKR Interactive Brokers Group, Inc. - Class A Common Stock | $10,974,695 | 0.31% | 126,088 | $2,597,948 | Up ×1 | ||
| VRT Vertiv Holdings, LLC Class A Common Stock | $10,652,318 | 0.30% | 31,815 | Up ×1 | |||
| XLK XLK | $10,621,737 | 0.30% | 55,751 | $2,370,267 | Down ×2 | ||
| UBER Uber Technologies, Inc. Common Stock | $10,532,474 | 0.30% | 145,960 | $1,647,537 | Up ×5 | ||
| MELI MercadoLibre, Inc. - Common Stock | $10,447,435 | 0.30% | 6,155 | $1,646,723 | Up ×6 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $10,435,544 | 0.30% | 18,526 | $1,704,508 | Up ×6 | ||
| IJH | $10,297,391 | 0.29% | 133,542 | $1,653,044 | Up ×6 | ||
| BRKB | $10,294,523 | 0.29% | 20,573 | $3,957,103 | Up ×1 | ||
| APP Applovin Corporation - Class A Common Stock | $9,739,908 | 0.28% | 18,904 | $1,423,698 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $9,620,790 | 0.27% | 37,882 | $1,201,171 | Up ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $9,379,726 | 0.27% | 79,855 | $3,267,620 | Up ×2 | ||
| SCHD | $9,346,391 | 0.27% | 294,746 | $736,495 | Up ×3 | ||
| LMT Lockheed Martin Corporation Common Stock | $8,340,386 | 0.24% | 16,371 | $-1,943,798 | Down ×5 | ||
| VYM | $7,956,234 | 0.23% | 50,346 | $3,076,307 | Up ×2 | ||
| NEE NextEra Energy, Inc. Common Stock | $7,881,810 | 0.23% | 89,801 | $-561,688 | Down ×6 | ||
| SCHB | $7,341,263 | 0.21% | 253,497 | $1,797,778 | Up ×6 | ||
| ALL Allstate Corporation (The) Common Stock | $7,336,058 | 0.21% | 30,832 | $482,833 | Down ×4 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $6,892,062 | 0.20% | 30,775 | $53,771 | Down ×6 | ||
| BLK BlackRock, Inc. Common Stock | $6,834,781 | 0.20% | 7,108 | $-230,782 | Down ×5 | ||
| VUG | $6,682,963 | 0.19% | 77,583 | $1,022,740 | Up ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $6,653,565 | 0.19% | 6,248 | $3,761,670 | Up ×1 | ||
| AFL AFLAC Incorporated Common Stock | $5,819,352 | 0.17% | 49,632 | $33,766 | Down ×6 | ||
| IWM | $5,596,391 | 0.16% | 18,627 | $5,054,759 | Up ×1 | ||
| PCAR PACCAR Inc. - Common Stock | $5,541,163 | 0.16% | 46,130 | $-50,515,811 | Down ×1 | ||
| IJR | $5,432,380 | 0.16% | 36,629 | $971,085 | Up ×4 | ||
| ORLY O'Reilly Automotive, Inc. - Common Stock | $4,743,464 | 0.14% | 51,509 | $-948,463 | Down ×4 | ||
| TXN Texas Instruments Incorporated - Common Stock | $4,572,661 | 0.13% | 15,341 | $1,600,757 | Up ×1 | ||
| MEAR | $4,507,751 | 0.13% | 89,475 | $480,954 | Up ×2 | ||
| ECL Ecolab Inc. Common Stock | $4,471,156 | 0.13% | 16,048 | $-444,036 | Down ×5 | ||
| QQQ Invesco QQQ Trust, Series 1 | $4,418,400 | 0.13% | 6,000 | Put option | $955,320 | ||
| VLO Valero Energy Corporation Common Stock | $4,235,403 | 0.12% | 16,262 | $-189,049 | Down ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $4,182,141 | 0.12% | 11,836 | $1,059,544 | Up ×2 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $4,135,171 | 0.12% | 71,766 | $191,269 | Up ×4 | ||
| CINF Cincinnati Financial Corporation - Common Stock | $4,027,198 | 0.12% | 21,752 | $591,896 | Down ×6 | ||
| APH Amphenol Corporation Common Stock | $4,019,244 | 0.11% | 22,795 | $670,504 | Down ×3 | ||
| IVV | $3,813,638 | 0.11% | 5,092 | $422,825 | Down ×2 | ||
| PFF iShares Preferred and Income Securities ETF | $3,658,781 | 0.10% | 119,999 | $2,037,782 | Up ×1 | ||
| APD Air Products and Chemicals, Inc. Common Stock | $3,460,213 | 0.10% | 11,802 | $416,938 | Up ×1 | ||
| SPLV | $3,306,614 | 0.09% | 44,147 | Up ×1 | |||
| AMAT Applied Materials, Inc. - Common Stock | $3,279,528 | 0.09% | 4,536 | Up ×1 | |||
| BAB | $3,273,674 | 0.09% | 121,970 | $3,912 | Up ×4 | ||
| CME CME Group Inc. - Class A Common Stock | $3,269,050 | 0.09% | 14,803 | $-2,039,759 | Down ×4 | ||
| AMGN Amgen Inc. - Common Stock | $3,129,198 | 0.09% | 8,641 | $201,751 | Up ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $3,030,848 | 0.09% | 37,294 | $334,681 | Up ×1 | ||
| SCHF | $2,991,276 | 0.09% | 107,988 | $775,493 | Up ×2 | ||
| NOC Northrop Grumman Corporation Common Stock | $2,919,425 | 0.08% | 5,732 | $-1,267,190 | Down ×6 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| LLY | $106,362,560 | 3.04% | up ×4 |
| SCHG | $31,716,445 | 0.91% | up ×6 |
| OKE | $30,586,970 | 0.87% | up ×6 |
| VIG | $17,398,816 | 0.50% | up ×3 |
| V | $16,126,075 | 0.46% | up ×4 |
| AGG | $14,752,813 | 0.42% | up ×6 |
| MA | $14,609,223 | 0.42% | up ×4 |
| MCO | $14,269,614 | 0.41% | up ×4 |
| UBER | $10,532,474 | 0.30% | up ×5 |
| MELI | $10,447,435 | 0.30% | up ×6 |
| META | $10,435,544 | 0.30% | up ×6 |
| IJH | $10,297,391 | 0.29% | up ×6 |
| SCHD | $9,346,391 | 0.27% | up ×3 |
| SCHB | $7,341,263 | 0.21% | up ×6 |
| IJR | $5,432,380 | 0.16% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| KMB | $58,665,360 | 534,439 | 1.68% |
| O | $56,068,664 | 904,917 | 1.60% |
| Unknown issuer (CUSIP: 02072Q192) | $11,415,678 | 408,871 | 0.33% |
| VRT | $10,652,318 | 31,815 | 0.30% |
| SPLV | $3,306,614 | 44,147 | 0.09% |
| AMAT | $3,279,528 | 4,536 | 0.09% |
| VICR | $2,519,461 | 6,634 | 0.07% |
| STX | $2,470,400 | 2,560 | 0.07% |
| FDLO | $1,971,601 | 28,852 | 0.06% |
| MOAT | $1,965,657 | 18,908 | 0.06% |
| DAN | $1,860,674 | 68,382 | 0.05% |
| INTC | $1,155,019 | 8,272 | 0.03% |
| RIO | $973,697 | 10,257 | 0.03% |
| PH | $969,317 | 991 | 0.03% |
| ITW | $900,936 | 3,331 | 0.03% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| KRMN | Price move only | +0 | -$105.5M |
| SOXX | Bought more | +3K | +$96.3M |
| XLC | Trimmed | -458K | -$53.4M |
| LLY | Bought more | +15K | +$38.3M |
| AAPL | Bought more | +26K | +$27.8M |
| ABBV | Bought more | +4K | +$17.4M |
| CMI | Bought more | +20K | +$16.0M |
| ETN | Bought more | +25K | +$15.3M |
| AVGO | Trimmed | -57K | +$12.5M |
| ICSH | Trimmed | -217K | -$11.1M |
5 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| LPLA | June 30, 2026 | 28,398 | $8,543,064 | 27.3% |
| NU | March 31, 2026 | 503,548 | $8,429,394 | 0.8% |
| BKNG | March 31, 2026 | 1,565 | $8,381,622 | 22.9% |
| MKL | June 30, 2026 | 4,227 | $8,090,774 | -8.2% |
| SGI | June 30, 2026 | 107,483 | $7,945,178 | -17.4% |
| HDB | June 30, 2026 | 292,276 | $7,271,827 | -8.9% |
| RLI | Sept. 30, 2025 | 56,160 | $4,055,859 | 0.5% |
| BMI | Sept. 30, 2025 | 16,469 | $4,034,087 | -28.0% |
| KNSL | Dec. 31, 2025 | 8,981 | $3,819,330 | -1.9% |
| ADBE | Sept. 30, 2025 | 8,908 | $3,446,156 | -22.6% |
| NOW | March 31, 2025 | 2,881 | $3,054,206 | -18.6% |
| GWW | Dec. 31, 2025 | 2,929 | $2,790,793 | 29.5% |
| SPOT | March 31, 2025 | 6,032 | $2,698,596 | -4.1% |
| MUSA | Sept. 30, 2025 | 6,578 | $2,675,973 | 47.5% |
| NU | March 31, 2025 | 230,659 | $2,389,627 | 41.5% |
| VBR | March 31, 2025 | 9,522 | $1,887,071 | No longer tracked |
| IPG | Dec. 31, 2025 | 36,376 | $1,015,243 | No longer tracked |
| EVER | March 31, 2025 | 49,101 | $981,529 | -5.8% |
| HON | June 30, 2026 | 3,110 | $702,910 | -1.9% |
| GVI | June 30, 2025 | 6,057 | $642,163 | No longer tracked |
| INTU | June 30, 2026 | 1,364 | $589,766 | 38.2% |
| SCHV | March 31, 2025 | 22,408 | $584,180 | No longer tracked |
| MTD | June 30, 2025 | 436 | $514,877 | 18.5% |
| FLTR | Sept. 30, 2025 | 18,475 | $471,112 | No longer tracked |
| SUB | June 30, 2026 | 4,357 | $464,021 | No longer tracked |
| WHR | June 30, 2026 | 8,597 | $463,550 | 4.9% |
| MCK | June 30, 2026 | 490 | $423,682 | 13.4% |
| VXUS | Dec. 31, 2025 | 5,425 | $398,521 | |
| CNP | June 30, 2025 | 10,776 | $390,414 | 7.6% |
| XLY | March 31, 2025 | 1,695 | $380,317 | No longer tracked |
| PYLD | Dec. 31, 2025 | 14,081 | $377,934 | No longer tracked |
| MMKT | June 30, 2025 | 3,742 | $375,042 | 0.0% |
| VLUE | June 30, 2025 | 3,465 | $369,542 | No longer tracked |
| SGOV | Dec. 31, 2025 | 3,535 | $355,975 | 0.2% |
| SHY | March 31, 2025 | 4,041 | $331,319 | |
| VTV | June 30, 2025 | 1,912 | $330,279 | No longer tracked |
| WFC | June 30, 2025 | 3,919 | $281,345 | 5.6% |
| BND | Dec. 31, 2025 | 3,708 | $275,764 | |
| GOVT | June 30, 2025 | 11,938 | $274,401 | No longer tracked |
| BAH | March 31, 2025 | 2,124 | $273,305 | -26.6% |
| LIN | Dec. 31, 2025 | 572 | $271,587 | 14.4% |
| QCOM | March 31, 2026 | 1,547 | $264,596 | 25.0% |
| BA | March 31, 2026 | 1,210 | $262,715 | 7.8% |
| ITOT | June 30, 2025 | 2,130 | $259,881 | No longer tracked |
| KMB | Dec. 31, 2025 | 1,962 | $243,903 | 7.5% |
| PLTR | March 31, 2026 | 1,363 | $242,273 | 18.3% |
| SNPS | March 31, 2026 | 502 | $235,799 | 0.4% |
| CMCSA | Dec. 31, 2025 | 7,315 | $229,832 | -5.5% |
| BAC | March 31, 2026 | 4,066 | $223,617 | 28.1% |
| VCSH | March 31, 2026 | 2,788 | $222,287 | |
| EMXC | Dec. 31, 2025 | 3,289 | $222,040 | |
| TMO | June 30, 2025 | 443 | $220,542 | 53.0% |
| CGDV | June 30, 2025 | 6,127 | $218,366 | No longer tracked |
| AON | March 31, 2025 | 603 | $216,587 | -11.5% |
| SHW | March 31, 2026 | 656 | $212,420 | 8.6% |
| AZN | Dec. 31, 2025 | 2,736 | $209,906 | 80.0% |
| XLY | March 31, 2026 | 1,749 | $208,867 | No longer tracked |
| FDX | March 31, 2025 | 734 | $206,479 | 35.1% |
| TM | June 30, 2026 | 1,000 | $206,090 | 17.4% |
| C | June 30, 2025 | 2,874 | $204,025 | 54.8% |
| DHR | June 30, 2026 | 1,069 | $202,605 | 12.4% |
| ROP | June 30, 2025 | 343 | $202,226 | -28.6% |
| ITW | Dec. 31, 2025 | 775 | $202,089 | 14.8% |
| OTIS | March 31, 2026 | 2,309 | $201,691 | -6.7% |
| GEV | March 31, 2025 | 613 | $201,634 | 217.8% |
| IAU | June 30, 2026 | 2,287 | $201,622 | No longer tracked |
| ITW | June 30, 2025 | 810 | $200,888 | 14.4% |
| F | June 30, 2025 | 17,649 | $177,018 | 32.3% |