DONALDSON CAPITAL MANAGEMENT, LLC

CIK

1487438

Location

EVANSVILLE, IN

Portfolio Value

Mid $2,532,128,154

Diversification

Diversified

Filing Date

Global Rank

#1,052 / 8,603 ▲ 5 · as of Mar 2026

Top Industry

Aerospace & Defense 16.8%

3Y Alpha vs SPY

-6.8%

Period ended 3 months ago

Filed Apr 30, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+46.5%

SPY

+76.0%

Annualised alpha

-7.1%

Max drawdown

−14.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

162 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.1%

+0.9 pts

Top 5

31.0%

−1.5 pts

Top 10

47.9%

−1.2 pts

HHI

366

Diversified+2

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	27.1%	$685,031,149	30
Technology	22.2%	$561,167,155	23
Financial Services	18.4%	$464,657,808	34
Healthcare	13.2%	$335,244,369	18
Consumer Cyclical	7.1%	$178,541,376	19
Utilities	4.2%	$105,302,524	7
Consumer Defensive	3.7%	$92,744,311	7
Energy	2.0%	$49,607,093	6
Communication Services	1.6%	$41,339,706	8
Unclassified	0.4%	$8,928,412	6
Basic Materials	0.3%	$8,161,685	3
Real Estate	0.1%	$1,402,566	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PCAR	Paccar Inc	+253,672	485,342	$56,057,001
CTAS	Cintas Corp	+180,918	197,348	$33,379,440
PAYX	Paychex Inc	+148,718	555,849	$51,204,809
HDB	Hdfc Bank Ltd	+61,009	292,276	$7,271,826
WSO	Watsco Inc	+52,708	162,639	$59,166,441
UBER	Uber Technologies, Inc	+24,158	123,522	$8,884,937
XEL	Xcel Energy Inc	+23,500	483,726	$38,427,193
AVGO	Broadcom Inc.	+19,812	496,766	$153,754,044
SGI	Somnigroup International Inc.	+14,091	107,483	$7,945,143
GD	General Dynamics Corp	+12,787	156,114	$53,581,447
HBAN	Huntington Bancshares Inc /Md/	+8,961	82,723	$1,294,614
FAST	Fastenal Co	+8,909	1,401,992	$65,052,428
C	Citigroup Inc	+7,865	587,965	$66,681,110
PFE	Pfizer Inc	+7,537	49,305	$1,384,484
MRK	Merck & Co., Inc.	+7,199	785,160	$94,446,896
APP	AppLovin Corp	+6,202	20,895	$8,316,210
LLY	ELI LILLY & Co	+6,055	73,963	$68,028,948
QQQ	Invesco Qqq Trust, Series 1	+6,038	7,528	$4,345,011
RTX	RTX Corp	+5,486	384,999	$74,266,307
WEC	Wec Energy Group, Inc.	+4,619	442,053	$51,176,475
T	At&T Inc.	+4,512	39,246	$1,137,741
BMY	Bristol Myers Squibb Co	+3,905	65,027	$3,943,887
ENB	Enbridge Inc	+3,841	38,959	$2,109,240
ABBV	AbbVie Inc.	+3,418	482,055	$104,842,141
VZ	Verizon Communications Inc	+3,210	48,579	$2,438,665
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SO	Southern Co	−544,418	25,834	$2,493,497
PGR	Progressive Corp/Oh/	−35,390	3,351	$664,302
GE	General Electric Co	−28,196	2,058	$583,998
ACN	Accenture plc	−18,483	25,919	$5,139,478
UNH	Unitedhealth Group Inc	−10,870	3,094	$837,205
ORLY	O Reilly Automotive Inc	−10,510	61,661	$5,691,926
ROL	Rollins Inc	−6,946	28,124	$1,502,102
INTU	Intuit Inc.	−6,049	1,364	$589,766
TXN	Texas Instruments Inc	−5,858	15,308	$2,971,895
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−5,157	26,320	$8,894,844
AFL	Aflac Inc	−4,241	52,735	$5,785,556
APH	Amphenol Corp /De/	−3,730	26,504	$3,348,780
IBM	International Business Machines Corp	−3,636	157,859	$38,263,443
ADP	Automatic Data Processing Inc	−3,452	33,656	$6,838,226
CME	Cme Group Inc.	−3,388	17,975	$5,308,916
PEP	Pepsico Inc	−3,373	16,938	$2,630,302
JPM	Jpmorgan Chase & Co	−3,270	342,320	$100,696,851
ALL	Allstate Corp	−3,213	33,053	$6,853,209
NEE	Nextera Energy Inc	−3,089	90,908	$8,443,535
ECL	Ecolab Inc.	−2,391	18,477	$4,915,251
NVDA	Nvidia Corp	−2,157	87,599	$15,277,265
CDNS	Cadence Design Systems Inc	−2,019	7,304	$2,029,562
CPRT	Copart Inc	−1,994	7,617	$252,884
MSI	Motorola Solutions, Inc.	−1,835	6,102	$2,648,084
NKE	NIKE, Inc.	−1,741	9,625	$508,392
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
LPLA	LPL Financial Holdings Inc.	28,398	$8,542,970
IBKR	Interactive Brokers Group, Inc.	124,896	$8,376,774
MKL	Markel Group Inc.	4,227	$8,090,773
MU	Micron Technology Inc	21,657	$7,316,600
TGT	Target Corp	11,190	$1,356,228
IBIT	iShares Bitcoin Trust ETF	7,361	$282,809
PSX	Phillips 66	1,441	$262,521
ISRG	Intuitive Surgical Inc	549	$253,083
LIN	Linde PLC	410	$203,261
IAU	Ishares Gold Trust	2,287	$201,621
KLAC	Kla Corp	141	$20,760
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
NU	Nu Holdings Ltd.	503,548	$8,429,393
BKNG	Booking Holdings Inc.	1,565	$335,243
QCOM	Qualcomm Inc/De	1,547	$264,614
BA	Boeing Co	1,210	$262,715
PLTR	Palantir Technologies Inc.	1,363	$242,273
SNPS	Synopsys Inc	502	$235,799
BAC	Bank Of America Corp /De/	4,066	$223,630
SHW	Sherwin Williams Co	656	$212,563
OTIS	Otis Worldwide Corp	2,309	$201,691
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

162 positions · $2,532,128,154 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 162 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
KRMN	Karman Holdings Inc. Industrials	Held	3,501,433	0	$280,289,711	+9.4%	11.07%
AVGO	Broadcom Inc. Technology	Added	496,766	+19,812	$153,754,044	−6.9%	6.07%
AAPL	Apple Inc. Technology	Added	565,829	+461	$143,601,741	−6.6%	5.67%
ABBV	AbbVie Inc. Healthcare	Added	482,055	+3,418	$104,842,141	−4.1%	4.14%
MSFT	Microsoft Corp Technology	Added	277,341	+2,499	$102,663,317	−22.8%	4.05%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	342,320	-3,270	$100,696,851	−9.6%	3.98%
MRK	Merck & Co., Inc. Healthcare	Added	785,160	+7,199	$94,446,896	+15.3%	3.73%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	83,273	-654	$82,975,715	+14.6%	3.28%
MS	Morgan Stanley Financial Services	Added	463,707	+1,197	$76,312,260	−7.1%	3.01%
RTX	RTX Corp Industrials	Added	384,999	+5,486	$74,266,307	+6.7%	2.93%
LLY	ELI LILLY & Co Healthcare	Added	73,963	+6,055	$68,028,948	−6.8%	2.69%
C	Citigroup Inc Financial Services	Added	587,965	+7,865	$66,681,110	−1.5%	2.63%
MCD	Mcdonalds Corp Consumer Cyclical	Added	211,239	+161	$65,650,968	+1.8%	2.59%
FAST	Fastenal Co Industrials	Added	1,401,992	+8,909	$65,052,428	+16.4%	2.57%
GS	Goldman Sachs Group Inc Financial Services	Added	75,080	+1,697	$63,516,929	−1.5%	2.51%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	192,335	-356	$63,257,058	−4.6%	2.50%
WSO	Watsco Inc Industrials	Added	162,639	+52,708	$59,166,441	+59.7%	2.34%
PCAR	Paccar Inc Industrials	Added	485,342	+253,672	$56,057,001	+121.0%	2.21%
GD	General Dynamics Corp Industrials	Added	156,114	+12,787	$53,581,447	+11.0%	2.12%
PAYX	Paychex Inc Technology	Added	555,849	+148,718	$51,204,809	+12.1%	2.02%
WEC	Wec Energy Group, Inc. Utilities	Added	442,053	+4,619	$51,176,475	+10.9%	2.02%
COR	Cencora, Inc. Healthcare	Added	138,088	+989	$43,378,964	−6.3%	1.71%
CVX	Chevron Corp Energy	Added	194,602	+475	$40,263,153	+36.1%	1.59%
XEL	Xcel Energy Inc Utilities	Added	483,726	+23,500	$38,427,193	+13.0%	1.52%
IBM	International Business Machines Corp Technology	Reduced	157,859	-3,636	$38,263,443	−20.0%	1.51%
TROW	Price T Rowe Group Inc Financial Services	Added	400,523	+538	$36,103,143	−11.8%	1.43%
CTAS	Cintas Corp Industrials	Added	197,348	+180,918	$33,379,440	+980.2%	1.32%
ETN	Eaton Corp plc Industrials	Reduced	71,252	-221	$25,484,702	+11.9%	1.01%
GOOGL	Alphabet Inc. Communication Services	Reduced	65,136	-388	$18,730,508	−8.7%	0.74%
AMZN	Amazon Com Inc Consumer Cyclical	Added	83,636	+2,566	$17,418,869	−6.9%	0.69%
NVDA	Nvidia Corp Technology	Reduced	87,599	-2,157	$15,277,265	−8.7%	0.60%
V	Visa Inc. Financial Services	Added	46,326	+1,391	$14,001,570	−11.2%	0.55%
MCO	Moodys Corp /De/ Financial Services	Added	29,786	+780	$12,994,142	−12.3%	0.51%
MA	Mastercard Inc Financial Services	Added	24,915	+1,283	$12,449,028	−7.7%	0.49%
LMT	Lockheed Martin Corp Industrials	Reduced	17,016	-601	$10,284,300	+20.7%	0.41%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	26,320	-5,157	$8,894,844	−7.0%	0.35%
UBER	Uber Technologies, Inc Technology	Added	123,522	+24,158	$8,884,937	+9.4%	0.35%
MELI	Mercadolibre Inc Consumer Cyclical	Added	5,090	+1,183	$8,800,711	+11.8%	0.35%
META	Meta Platforms, Inc. Communication Services	Added	15,261	+1,494	$8,731,275	−3.9%	0.34%
LPLA	LPL Financial Holdings Inc. Financial Services	NEW	28,398	NEW	$8,542,970	NEW	0.34%
NEE	Nextera Energy Inc Utilities	Reduced	90,908	-3,089	$8,443,535	+11.9%	0.33%
JNJ	Johnson & Johnson Healthcare	Reduced	34,445	-1,254	$8,419,735	+14.0%	0.33%
IBKR	Interactive Brokers Group, Inc. Financial Services	NEW	124,896	NEW	$8,376,774	NEW	0.33%
APP	AppLovin Corp Communication Services	Added	20,895	+6,202	$8,316,210	−16.0%	0.33%
MKL	Markel Group Inc. Financial Services	NEW	4,227	NEW	$8,090,773	NEW	0.32%
SGI	Somnigroup International Inc. Consumer Cyclical	Added	107,483	+14,091	$7,945,143	−4.7%	0.31%
MU	Micron Technology Inc Technology	NEW	21,657	NEW	$7,316,600	NEW	0.29%
HDB	Hdfc Bank Ltd Financial Services	Added	292,276	+61,009	$7,271,826	−13.9%	0.29%
BLK	BlackRock, Inc. Financial Services	Reduced	7,347	-390	$7,065,683	−14.7%	0.28%
ALL	Allstate Corp Financial Services	Reduced	33,053	-3,213	$6,853,209	−9.2%	0.27%